Buy Bitcoins 2023 – [All You Need To Know]

Introduction:

Buy Bitcoins if your investment budget can handle the volatility of this market’s first and most valuable cryptocurrency. In the spring of 2022, the crypto market saw wild price drops for both major and minor cryptocurrencies. This caused some investors to panic, and some even predicted the end of time for cryptocurrencies. But before you join this group of panickers, take a deep breath and remind yourself that spring 2022. Was neither the first nor the last cryptocurrency downturn. In addition, it is worth remembering that during crypto downturns. There may be a good opportunity for quick returns through short-term investments.

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Bitcoin is one of the most volatile cryptocurrencies, which is why the occasiona. The drastic drop in its price should no longer be a big surprise to anyone. Furthermore, Bitcoin’s ability to rise again after periods of decline has been guaranteed in its history so far, so why should its latest period of decline be any different? Many investors now trust that Bitcoin’s behavior mirrors its way of reacting to previous price declines. In this article, we offer different perspectives on how Bitcoin can be a good buy, regardless of how low or high its price is today. Always Buy Bitcoins at your own risk, and only if your risk tolerance can handle its volatility.

Quick Guide: Time to Buy or Short Sell Bitcoins?

Many professional investors are now buying Bitcoins in stock because they believe that the price of Bitcoin will rise again at some point.
The price of Bitcoin is now at the lowest it has been in a long time, encouraging many to invest in it for the long term
Bitcoin is one of the most volatile cryptocurrencies, which makes it ideal for active trading such as shorting
Sell Bitcoin short and you can earn several small profits in one day
If you want to invest or trade Bitcoin, you must first buy it – Buy Bitcoins on the OKX trading platform.

The best place to buy Bitcoins in 2023

Cryptocurrencies have appeared on the market in many different forms without consumers noticing: you can already pay for your purchases with Bitcoin, or take a loan in cryptocurrencies. However, what cryptocurrencies are still used for the most is investing in them. Because of their volatility, cryptos are great for both long-term investing and active trading.

Buy Bitcoins in Finland the easiest and cheapest from easy-to-use and secure online trading platforms. Below you will find a list of the best trading platforms where you can buy Bitcoins in Finland. The services in question have been selected for the list due to their ease of use, payment solutions, and general safety. Buy Bitcoins especially easily here either with a bank card or direct bank transfer.

Bitstamp – A great cryptocurrency platform where you can buy directly from your desktop or mobile device
OKX – An easy-to-use and regulated cryptocurrency trading platform where you can buy and speculate on the price of cryptocurrencies.
Libertex – Good CFD trading platform for buying cryptocurrencies, specializing in speculation.
PancakeSwap – Versatile trading platform where you can buy all the most interesting cryptos like DeFi Coin and Lucky Block
Crypto.com – One of the largest crypto exchanges on the market, through which when you buy cryptocurrency you own the cryptos in question

Cryptocurrencies are digital currencies:

This further strengthens the fact that it is worth investing in them through online services instead of a bank. The aforementioned platforms have more influence and know-how, as well as better capabilities to guarantee the safety of your funds when it comes to cryptos. In addition, their investment methods are significantly more varied than in banks. For example, OKX has a huge number of cryptocurrencies.

Of course, the trading platforms also have their mobile applications, where your crypto wallet goes with you every day. The above-mentioned platforms invest in the security of your cryptos and your data at a completely different level than banks, because they recognize that cryptos attract a lot of hackers. For example, OKX confirms all money transfers with SSL technology, and its social trading ensures that you know how to invest in exactly the right place at the right time.

Buy Bitcoin easily and quickly in 2023:

Cryptocurrencies are here to stay and their uses are expanding rapidly. Bitcoin is the market’s first successfully launched cryptocurrency, and deservedly so also the most valuable. It already competes with gold for first place as investors’ favorite destination when it comes to investments that retain their value well. But in addition to that, there are many other cryptocurrencies on the market, even ones with greater growth potential than Bitcoin.

Now is a good time to get involved in this new market, before the cryptocurrency rates rise exponentially. Next, we’ll show you how easy it is to buy cryptocurrencies, and even though we’re using the familiar Bitcoin as an example, this guide works the same way for buying all other cryptos. Buy Bitcoins only from reliable and secure online trading platforms. Important things to consider in platforms are ease of use, and especially their security.

Step 1 – Register on the trading platform

To invest in cryptocurrencies, you need to create an account on a reliable platform that sells cryptocurrencies. OKX.com is a regulated crypto exchange, on the top right corner of the site you will find the ‘Sign up’ button. This will open a form where you fill in either your email address or your phone number. And you come up with a strong password. After you have filled in all the information requested by the service. You must finally identify yourself.

This is standard practice for all regulated brokers. OKX is a regulated cryptocurrency exchange, which makes it a particularly safe platform to buy cryptocurrencies. You can quickly complete this step by uploading a copy of your passport or driver’s license. After this, the cryptocurrencies are almost in your wallet.

Step 2 – Deposit money into the account

Once the investment account is open and verified, you can transfer money to your investment account, which you can then use to buy crypto. You can transfer money from a bank card, as a direct bank transfer, or even from your crypto wallet if you already have cryptocurrency in your possession.

Please note that in OKX you can also directly buy cryptocurrency with a bank or credit card, so depositing investment capital is not mandatory. However, if you choose to do so, transfers are completely free of charge.

Step 3 – Buy Bitcoins

When your account is open, you can go directly to the search menu and enter the name of the cryptocurrency you want in the search field. i.e. Bitcoin, and click to open its investment page. When you are on the cryptocurrency investment page. You will see a trading form at the bottom of the page where you can open a trade, that is, buy the crypto in question. All you have to do is enter the amount (USD) you want to Buy Bitcoins on the form.

Finally, you click ‘Open’, and choose either the investment capital you previously deposited or you pay for the purchase directly by card or bank transfer. Once the transaction has gone through, the cryptos you bought will soon appear in your investment account.

What is Bitcoin?

Bitcoin is the world’s first successfully launched digital currency, i.e. cryptocurrency. Bitcoin was introduced to the market in 2009, and all cryptocurrencies launched after that are called altcoins (alternative coins). Of course, the coin of Bitcoin as a cryptocurrency means that it exists only in digital form. i.e. the Bitcoin currency does not exist at all in a physical form, such as a bill or a coin.

Whereas all fiat currencies are currencies placed on the market by some central bank, and therefore centrally controlled. And limited by certain geographical boundaries, Bitcoin is a different youngster: it is based on the blockchain. Therefore, transfers made with Bitcoin and the account or private information of its users are not under the control of any centralized body, such as banks, but the Bitcoin system is completely open to all users but anonymous.

Although the transfers made by all users of the Bitcoin blockchain are public, traceable information.This information does not reveal any information about the originator of the transfers. Traceability guarantees the safety and non-censorship of the blockchain network. But at the same time, it causes headaches for the authorities responsible for regulation. For this reason, for example, according to the Bank of Finland. Bitcoin does not meet the criteria of official money or a payment service instrument. Despite this, e.g. Visa and PayPal enable the use of Bitcoin as a payment currency. So it can already be used in several online stores.

Read more about how Bitcoin was created, what it can be used for, and what factors affect its price development in this Bitcoin article.

Blockchain technology:

Cryptocurrency is based on blockchain technology (Blockchain). Which enables people who don’t know each other to maintain distributed databases. Advanced blockchain technology enables transparent and distributed databases. A blockchain is a sequence of mathematical algorithms or, as it were, a complex digital puzzle.

In addition to cryptocurrencies, blockchain technology now and in the future enables the conclusion of digital smart contracts. Asset registers, and voting systems and enables more efficient crowdfunding or the sale and purchase of assets.

By the way, did you know that the first steps of blockchain technology were already taken in the early 1980s?

You can invest in Bitcoin even without understanding what blockchain technology is and how it works. But it’s always good to find out more about where to invest because the information helps you better understand whether Bitcoin is a good investment for you.

Bitcoin Wallet:

Cryptocurrencies, like cash, need a safe place to store them. For this, many trading platforms offer special Bitcoin wallets, where you can get your Bitcoins much more securely than if you kept them in your wallet on the trading platform itself. OKX is one such service that offers its cryptocurrency wallet. So buy Bitcoins from the platform and store them easily in the same platform’s Bitcoin wallet.

How to choose the best trading platform for you?

When you are starting to invest in cryptocurrencies, the most important thing is to think about which trading platform would be the best place for you to invest. Of course, banks don’t offer cryptocurrencies, and besides. Investing through them is very heavy on the wallet anyway. That’s why it’s worth turning to Internet services.

Earlier we listed the best online trading platforms on the market, and now we will go through in more detail why these platforms are the market’s number one when it comes to investing in cryptocurrencies. Buy Bitcoins securely from any of these platforms:

Buy Bitcoins at Bitstamp:

With Bitstamp’s versatile trading platform with confidence. The service was already established in 2013 in Luxembourg, and one of its biggest pluses is its very simple user interface. Bitstamp’s long experience as a cryptocurrency trading platform gives it reliability, and it also differs from many of its competitors in that it is a regulated service that focuses on quality instead of quantity.

Bitstamp enables versatile trading with cryptocurrencies in addition to just buying. Its toolbox for active trading includes, for example, stop-loss mechanisms, margin trading, and software used to automate trading. This versatile platform has been found by many experts to be a reliable and safe place to buy cryptocurrencies.

Trade Bitcoins on OKX:

If actively trading cryptocurrencies is what interests you most in these new world currencies, OKX is your trading platform. OKX is an originally Chinese but now Seychelles-registered cryptocurrency exchange that was founded in 2017. Since China has categorically banned the buying, selling, and owning of cryptocurrencies, OKX has established a foothold elsewhere, although it is still rumored to have a significant number of R&D employees working out of China.

Above all, OKX specializes in spot and derivative trading with various assets. In addition, OKX has announced that it supports the world conquest of cryptocurrencies in every way, for example by supporting DeFi protocols and Web 3.0 development work. This crypto exchange is therefore best suited for those who are interested in active trading and who believe in the potential of cryptocurrencies as future financial solutions.

Buy Bitcoins at Libertex:

Libertex is an award-winning trading platform that offers a wide range of investment options from stocks to cryptocurrencies. ETFs, commodities such as oil and metals, and currencies. Libertex’s selection of cryptocurrencies is good. Libertex in itself is an easy and fast site to use, but it is not available in Finnish. In addition, the site’s services seem to be more focused on the big European countries than on us here in the north.

It’s funny in itself when you consider how much more we Nordics have in our possession to invest. And that investing in Bitcoin is a much bigger trend here. This can be seen, for example, in the fact that Libertex does not offer any Finnish shares in its investment portfolio. But there are cryptocurrencies there! Their list includes all the most interesting crypto names. So buy Bitcoins at Libertex easily and quickly.

Buy Bitcoins on the Crypto.com platform:

Crypto.com is one of the largest and most popular cryptocurrency trading platforms on the market when measured by the number of active users on the platform. This is enough to prove that it is a safe and reliable service. The attractiveness of Crypto.com is increased by its nature as a regulated platform. As well as its versatile service offering when it comes to investing in cryptos.

In addition to long-term investing and active trading, Crypto.com offers an NFT marketplace and a wallet for cryptocurrencies. wWhere your cryptos are stored much more securely than on a trading platform. In addition, through it, you can order yourself a crypto credit card offered by Visa. With which Bitcoin becomes a payment currency in your pocket in the same way as euros.

Can bitcoins be stolen?

There is a lot of uncertainty surrounding cryptocurrencies due to their volatility, as well as the fact that many cryptocurrency projects have been hacked. Although Bitcoin has not been hacked. Thacks of other projects cast a shadow over the entire cryptocurrency market.

In the endgame, it is good to understand that cryptocurrencies are always vulnerable to hacking and cyber-attacks. But at the same time. Bblockchain technology is a many times safer solution for currency than, for example, an online bank. It is also not likely that, for example, the Bitcoin blockchain would be hacked.

And when we look at the big picture, we quickly realize that the most likely way to lose your Bitcoins is to send them to the wrong address or give the sender the wrong shipping address. So always make sure that you are working with the right addresses when transferring cryptos.

However, if you are worried about hackers, there is a very safe way to store your Bitcoins: a Bitcoin wallet. Cryptocurrency wallets bring a completely different level of security than any other digital platform, and OKX, for example, offers you its own Bitcoin wallet.

How is Bitcoin value determined?

As with any other investment, the price of Bitcoin is affected by supply and demand. In this case, when we talk about supply, it must be compared with demand, which determines the price of the investment object. For example, if there are many sellers of Bitcoin and few buyers, the demand does not match the supply, so the price goes down. On the other hand, when there are a lot of new buyers, it can be assumed that it will affect the price of Bitcoin by increasing it.

In addition to supply and demand, the value of Bitcoin is also affected by Bitcoin mining. Let’s see how it affects Bitcoin exchange rate movements.

Bitcoin mining (Bitcoin Mining):

Bitcoin Mining is a way to bring more Bitcoin to the market. This, of course, increases the supply of Bitcoin, which affects its value. In practice, mining is solving complex calculations, and only super-powerful computers are capable of it. When the calculation is solved, a new block is created. Such activity strengthens and develops the Bitcoin blockchain, so miners earn a reward for their work: more Bitcoin.

But what in the end, in mining, radically affects the development of Bitcoin’s price is the halving of Bitcoin every four years. The halving aims to prevent inflation and limit the introduction of Bitcoin to the market. Halving, however, means that then the miners’ rewards will also be halved. And here we get to the development of the value of Bitcoin: each halving is followed by an increase in the price of Bitcoin, which means that the value of the rewards also increases each time. This was noticed last year when Bitcoin was halved in the summer of 2020.

Remember responsible investing:

Bitcoin is a volatile investment, so one day you can make a lot of money and the next day you might lose a lot of money. Always keep this in mind when investing in Bitcoin and other cryptocurrencies.

When investing in anything, you should always remember the following rule of thumb: don’t invest in an object you don’t understand or know. Especially with cryptocurrencies. It is therefore important to familiarize yourself with the operation of Bitcoin in general, so that you understand why it is worth or not worth investing in it.

In addition, you should keep an eye on your investments at certain intervals to avoid unpleasant surprises. Once a week is enough. In addition, for example, in OKX. You can make a setting for your portfolio such that OKX automatically sells your investment if its value falls too low, or buys the item.

Investing in Bitcoin in 2023:

Some believe that Bitcoin will grow and strengthen its position in the future, while others believe that Bitcoin will disappear in a few years. So far, it looks like investing in Bitcoin in 2023 is still booming. It has survived many crises and the price is going up. Famous investors like Bitcoin-Jesus and John McAfee expect prices to hit $200,000 in the next few years.

At the end of the day, the only one who can decide whether buying Bitcoin is a good idea is you. But let’s look at some of the reasons why many investors believe in Bitcoin for future growth.

Bitcoin has gone mainstream:

Already in 2017, the media started talking about Bitcoin because the price rose massively. However, at the beginning of 2021, it has grown even more, and major companies such as MasterCard, Square, and Tesla have decided to invest heavily in Bitcoin.

With each passing year, more companies are investing in Bitcoin, which in itself causes the price to rise.

More platforms to buy cryptocurrencies:

In the old days, you could only Buy Bitcoins from Bitcoin exchanges, the most famous of which is called Binance. However, these days you can buy Bitcoins almost anywhere. In addition to Internet trading platforms, even in Finland. There is already a Bitcoin ATM in Turku, for example. Thus, more and more consumers have the opportunity to get their hands on Bitcoin. Buy Bitcoins, for example, during your next shopping trip.

Buy Bitcoins with a debit card:

Bank cards have become one of the most common ways to deposit money because then the transfer takes place easily and quickly. For example, Bitstamp offers a debit card option in its range of payment methods. You can buy Bitcoins as soon as you make a bank card transfer. So you don’t have to wait hours or days for the money to be transferred or you can trade.

In addition to the bank card, you can also transfer money to your account via PayPal or bank transfer. This is why it is easier for common people to buy Bitcoins.

Take advantage of Bitcoin’s volatility:

The price of Bitcoin fluctuates incredibly. It gives you a unique opportunity to sell Bitcoin when the price drops and buy them again. Many people have made large sums of money because the price of Bitcoin fluctuates so clearly.

Famous investors believe in Bitcoin:

The group of famous Bitcoin fan investors has recently been joined by many notable names, such as investment author Robert Kiyosaki. Who has become known to many investors for his book Rich Father, Poor Father. Kiyosaki mentions in his book, among other things. That he thinks Bitcoin can become a bigger factor than investing in gold or housing in the future.

The latest to join the bandwagon are Tesla and Square, who have bought a lot of Bitcoin. They believe that Bitcoin is the future of the Internet. Of course, Elon Musk is behind Tesla’s investments, but lately, he has had trouble deciding whether he likes Bitcoin or not. Square. On the other hand, is the late,t creation of Twitter’s infamous CEO, Jack Dorsey. Square is a big name in the US and Silicon Valley.

What if I had bought Bitcoin in its early days?

Bitcoin’s ability to make its investors millionaires is certainly not unclear to anyone. Even though cryptocurrencies are volatile currencies. Which easily drive away investors, they can also be interpreted as a positive thing.

Investing in Bitcoin, especially in the early years of cryptocurrency, has served as an excellent example of this. Let’s quickly go through what Bitcoin is, how it’s developed. And how rich you would be today if you had invested in the cryptocurrency in the right year.

Bitcoin price evolution:

The early growth of Bitcoin, and its continued upward development, can be attributed to the “dark market”, i.e. the illegal operators who adopted Bitcoin as a means of financing transactions right after the cryptocurrency was born. As the use of Bitcoin increased, its value began to rise rapidly. Two years after its release, the value of one Bitcoin was $0.30 at the beginning of 2011, rising to $5.27 by the end of the year.

Fast forward two years and the next spike was even bigger: at the beginning of 2013, the value of one Bitcoin was $13.30, and by the end of the year its value had jumped to $770. Even at that stage, Bitcoin investment brought excellent profits. This was even though in 2013 the Central Bank of China banned Chinese financial institutions for seven though temporarily reducing the value of Bitcoin. Buying products with any cryptocurrency is still illegal in China.

Although the regulation of the use of cryptocurrencies began to spread and increase around the world, it could not stop the growth of the value of Bitcoin. At the end of 2015, Bitcoin was worth 434 dollars and the following year it already hurt to almost a thousand dollars. And this was just the prelude to what happened to the price in late 2017!

Value Of Blockchain:

The value of cryptocurrencies is largely based on the value of the network and blockchain they use (network value). Which was noticed in 2017 when the Bitcoin network was developed. The SegWit process was activated in the Bitcoin network in August 2017. Which was supposed to support and speed up the operation of the network and improve its scalability. After the activation of the process, the price of Bitcoin increased by more than 50 percent. However, throughout the year, the price change was even more dramatic: at the beginning of 2017. The price of one Bitcoin was $998, and at the end of the year, the price hurtled to its all-time high: $19,783.06. At this point, many investors stated that investing in Bitcoin was the best decision of their life.

However, the peak price did not last, and in the following year. Bitcoin faced a lot of price-dropping challenges, such as hacks and thefts of cryptocurrency exchanges. In January 2018 alone, 761 million dollars worth of cryptocurrencies were stolen from cryptocurrency exchanges. As a result, the value of Bitcoin took a hard hit, despite the fact that it was not the only cryptocurrency that had been taken by thieves. Investors even though overall safety of investing in cryptocurrencies.

In 2019, the price of Bitcoin remained relatively stable, and in 2020, the coronavirus pandemic sent the cryptocurrency’s price soaring again. At its peak, Bitcoin was over 16 thousand dollars in November 2020, so there is still a long way to go to the peak figures of 2017.

How Rich Are Early Bitcoin Investors Today?

As can be seen from above. Investing in Bitcoin in its early stages has brought huge returns to those lucky enough to take a risk with the new currency. In June 2020, the number of Bitcoin millionaires was estimated at 18 people.

What would have happened to you if you had been involved in the Bitcoin market in time? Those who invested $1,000 in Bitcoin in 2015, and those who sold as an investment in the same year. Earned approximately $76,363.71 with their quick investment. The return on the investment was therefore a whopping 7636 percent.

On the other hand, if you had kept the money you invested in Bitcoin in 2015. Tthat $1000 would have been an investment worth $34,936.89 this year. Compared to the return from the price spike in 2017, not quite such a huge amount, but the return percentage is still nice to look at: a profit of 3493 percent.

Investing in Bitcoin and earning a million with it is not so easy anymore today when the value of the virtual currency has leveled off. Making a million with Bitcoin is possible. But requires a significant initial capital from you. On the other hand, if you had invested $1,000 in cryptocurrency in 2010, you would have earned $114 million to date.

Is Bitcoin a good investment?

Investing in cryptocurrencies has its risks, but as you can see, Bitcoin is a relatively safe investment. Nothing seems to threaten its already established, high price.

However, if you are still not completely convinced whether investing in Bitcoin is worth your time. Here are a few more reasons why the value of Bitcoin will only continue to rise in the future.

Limited amount:

The Bitcoin protocol specifies that the total number of Bitcoins is 21 million Bitcoin coins. These coins have been introduced to the market since the release of Bitcoin according to the halving strategy, and currently. There is already 90% of this amount in circulation. Such “synthetic exclusivity” has been one of the reasons for Bitcoin’s great popularity, and as the supply of coins increases. Demand for it grows even faster.

Bitcoins are created by mining them, and the miners receive the cryptocurrency in question as a reward for mining Bitcoin. Every four years. This total reward is halved and by 2140, the reward will drop to zero, meaning that the 21 million Bitcoin limit has been reached. So it can be said that Nakamoto developed an artificial scarcity that serves as an excellent catalyst for increasing interest in cryptocurrency.

Demand will increase in the future:

In particular, the 2020 coronavirus pandemic has created a whole new kind of positive credit for cryptocurrencies, And it is believed that the steady growth of their prices will only continue. The political and economic crises that take place in the world are often reflected in the prices of cryptocurrencies during boom periods.

In addition, Buy Bitcoin’s appreciation and price development have been supported by its growing popularity, especially as a currency. When Bitcoin has been able to be used as a means of payment, it has come to the attention of basic consumers, and its demand has skyrocketed.

Bitcoin’s future price increases are seen in the industry to only continue. And at the end of 2020, the price of one Bitcoin is estimated to be $20,000. Estimates for the next ten years range from $397,000 to even a trillion dollars for 2030. If the most positive estimates come true, it is very likely to become a millionaire by investing in Bitcoin now.

Conclusion:

Bitcoin has been in the headlines all this year, thanks to the antics of Elon Musk. This billionaire has even angered investors when he can make the value of Bitcoin go up or down with just one tweet. Despite Musk, the number of people investing in Bitcoin has never been this high!

Buy Bitcoins and enter the interesting world of cryptocurrencies through excellent online trading platforms. Although Bitcoin is a very volatile investment. There is no reason to doubt that its price will continue to rise despite temporary downturns. You can always come back to this site to check the real-time Bitcoin exchange rate. Or to read about the newest and most interesting cryptocurrencies on the market. You can start investing in Bitcoin easily and quickly, for example, on the OKX trading platform today.