Bitcoin is a type of crypto-currency, which is mainly used to purchase things like online goods or mansions of multi-million dollars. At present, Bitcoins are more valuable than gold with the value of a single Bitcoin costing more than three thousand Australian dollars. It is irrespective to say that there is a big amount of interest in Bitcoin and therefore it is not that hard to start mining Bitcoins.
With around 300% increase in the value in a single year, Bitcoins are the ideal type of investment that everyone looks for. But in spite of the curiosity, people often worry whether it is actually safe to buy and trade Bitcoin in Australia. So, to help them out, this article offers a guide on the ways to buy and sell bitcoins online.
How to purchase Bitcoins?
There are actually two main ways to get Bitcoins. One is to purchase those from an exchange and another is to receive those for some goods and services. There are some well-known Bitcoin exchanges in Australia that you can check. Setting up Bitcoin accounts is also really straightforward. In most of the cases, some forms of identification are needed and once you provide those, you can purchase Bitcoins. After purchasing these Bitcoins by using Australian dollars, those will be available in your account. But as it is same as dealing with real money, therefore, it is necessary to have a good wallet.
How to sell Bitcoins?
- Open an IG trading account first. It just takes a few minutes and after that, you can take the first position.
- After selecting the trading strategy, it is necessary to consider a trading plan as well, especially if you are new to the markets. A good trading plan will be helpful for you to have objective decisions even in case the stakes are high so that you don’t close the stakes too early or leave those open for a long time.
- Next thing that you have to do is to research well before you start trading. It is necessary for every trader to have a sound knowledge of the latest news of Bitcoin to understand better what is next for the price of crypto-currency.
- After settling on the position, then you can place a trade by using the web trading platform. To do this, enter the amount that you choose to stake on the trade in the deal ticket.
Buying and selling of Bitcoins is quite simple. All you need is the perfect dealer for this.