You’ve probably heard about Bitcoin and everything that it has to offer, but you may not have interacted with it in any way yet. Some would say that this cryptocurrency is slowly taking over traditional currencies as the years pass, and this is because they provide a much more secure and possibly effective way to make transactions online.
Not everybody loves shopping online; there may be several limitations or restrictions from banking and government entities, making it harder to purchase a good or service on the internet. To solve this, cryptocurrencies came along, and they can be easily obtained worldwide.
Cryptos are a decentralized asset that you can use to buy goods and services online. By “decentralized,” they mean that it’s not regulated by any bank institution or government in the world. To make a crypto transaction, you only need the buyer/seller’s transfer signing code from their digital wallet, and you’re good to go!
The first cryptocurrency to come along was Bitcoin back in 2009. When it first appeared, its value was about the same as $1. However, as years passed, it slowly began to increase its value, reaching a $68,000 price per unit in 2021. An exciting thing about Bitcoin is that it’s always evolving, so you need to keep an eye on it if you want to try and make the most out of it.
The best part about Bitcoin is that it’s simple to use; you don’t need to be a tech or financial expert to understand how it works, making it an accessible asset for most users. However, there are some things that are worth mentioning before you decide to purchase Bitcoins for the first time.
Bitcoin is an entirely digital asset; it doesn’t exist in physical form. This means that the only way to make Bitcoin transactions is by going online. On the other hand, you need a particular digital wallet to store your Bitcoins; these wallets work with a unique key or seed that the owner can use to access their funds.
On the other hand, each wallet comes with a signing key, which is made up of a 256-bit number. This key is unique to every wallet, which helps to identify the owner of each transaction. Each time someone makes a transaction, it goes through a “mining” process where it’s validated and put in the Blockchain network.
The Blockchain network is a public server where every crypto transaction is securely stored. This process is used to verify that the funds come from a specific wallet, preventing fraud transactions. Blockchain uses heavy cryptography to enforce high-security measures, making it the preferred choice among some people who are very careful with their money.
There are four main ways to get involved with Bitcoins, and you can choose the one that fits your needs the best. The first method involves directly purchasing Bitcoins through an exchange platform; this is – by far – the easiest method of the list since all you have to do is trade your local currency for the number of Bitcoins that you need.
On the other hand, you can also accept Bitcoin as a way of payment for a good or service; to do this, you have to open a digital wallet and send your transfer signing key to the person who is supposed to pay.
Last but not least, you can get involved with Bitcoins by mining and trading. Mining involves verifying Bitcoin transactions and placing them on the Blockchain network, which rewards you for doing that task. However, mining often requires huge processing power to do it efficiently, so it’s not suited for everyone.
This leaves you with trading, which is the method used on Bitcoins Compass and the reason the team developed the Bitcoin Compass Platform. Trading involves much more research and dedication than all the other methods listed above, but it can help you learn more about cryptocurrencies and market tendencies.
Trading is popularly referred to as the act of exchanging goods or services between two or more parties. However, online trading takes a few extra steps to understand since its methodology may change depending on the asset you’re working with.
Bitcoin trading involves speculating on the price that this cryptocurrency may reach at a particular point in time. Based on that prediction, you’re going to execute buy or sell trades in a specific market you decide to invest in. The results depend on your prediction and the market where you executed the trade, so it’s important that you always take each step carefully.
Depending on what you want to achieve with trading, you may spend a considerable amount of time on it. There is so much information on trading right now that it may feel overwhelming to beginners, making it harder for them to keep track of everything.
The reason why trading is not accessible for everyone is that it can consume most of your day in some cases, and it can also feel too stressful whenever you can’t figure out a particular trading strategy. However, thanks to technological advances, several trading platforms have been created to make the job a bit easier for everyone.
The Bitcoin Compass platform was developed for both beginners and professionals who want to hopefully make their trading experience smoother. The platform can show you all the information you need in one place, so you can search for trading opportunities that match your criteria.
Traditional trading usually involves spending most of your time looking at a computer to find good trades. While this was the optimal trading choice for some, it wasn’t very practical for people who don’t have too much time throughout their day.
The Team at Bitcoins Compass understands how frustrating trading can feel sometimes, which is why they wanted to design a tool that was more accessible to the general public. This approach allows more people to discover the amazing world of Bitcoin trading in a relatively safer environment.
Using this Platform offers many features besides saving you time. The team optimized as much as they could during the development phase of the platform, and they can proudly say that it’s now packed with several features that they believe trades might find useful.
If you want a better glimpse of how Bitcoin Compass can hopefully help you with your daily trading sessions, keep reading!
The team believes that the key to constant learning and practicing is having easy access to your trading platforms. Traditional trading is usually done on a computer, but they know that not everyone has access to one at all times. To solve this, they made Bitcoin Compass compatible with most devices on the market right now.
If you have a portable device with an internet connection and browser, you can easily access your trading account. You can also accessyour account from two separate devices so that you don’t have to stick with just one.
Setting up an account may not take you more than an hour. This is because each step of the process is carefully laid out so that you understand them better. If you’re a beginner, you can easily go through each feature and analyze it before implementing it in your trading plan.
On the other hand, the platform provides an intuitive user interface that easily allows professionals to create and modify their trading strategies. Regardless of your skill level, you’re not going to have any issues understanding what the platform is presenting to you.
You don’t have to worry about going through extensive and overwhelming funding and withdrawal transactions with Bitcoin Compass. Any available funds you have in your account are 100% yours, and you’re free to manage it in any way you consider appropriate.
The team understands that most users may not welcome transaction regulations, so they decided to keep everything as smooth as possible.
Another thing about this platform is that it’s generally free for its users! They don’t charge you any registration, funding, or withdrawal fees. The money you invest is all you need to start live trading.
Signing up for Bitcoin Compass doesn’t take more than a few minutes, so if you’re ready to start, make sure to follow the steps listed below!
Enter your contact information in order to receive a verification link. To start, you need to fill out your full name, phone number, and e-mail address.
After you verify your account, you can immediately access the Bitcoin Compass platform. If you wish to start live trading, you will need to fund your account with the minimum amount and carefully input your trading criteria.
This is one of the most important steps, so make sure to take your time and review everything to avoid mistakes on your first trading session.
All you’re left to do if you wish is to start your trading journey with Bitcoin Compass!
Having many questions is common when it comes to Bitcoin and trading. The team want to be as transparent as possible with you, so they compiled the most important information regarding Bitcoin Compass and gathered it in this FAQ section.
If there are any unsolved doubts, you’re likely to find the answers below, so make sure to read it before making any decision.
Yes! You can access your account on any device that you feel comfortable with. The team recommends using a computer as your primary trading device and a phone or tablet as the second one.
However, if you don’t have any computers nearby, don’t worry; you can still use Bitcoin Compass from your other devices.
As long as you know who you’re trusting your money with, trading may be one of the safest activities you can do. However, keep in mind that it still involves speculation and risky decisions that you may have to take from time to time.
Bitcoin Compass is available for traders from any part of the world. If you wish, All you need to do to use the platform is register below!
Trading may not be the easiest way to get Bitcoins, but it may be an amazing way to learn more about market behavior and the evolution of cryptocurrencies. In the end, having more knowledge about something might help you make better financial decisions in the future.
If you are interested in joining the platform, you can easily sign up!