The amount of money you need to get started depends on the type of trading you want to do and what is most important about your trading:
If you want to buy Bitcoin, this is the cheapest level of trading. This price means you can’t expect the best of the highest returns.
If you want to buy a few Bitcoins at 2x its current price, this is the best level to start on in order to make a profit over time.
If you want to buy high from the future and sell low to make a profit, go for the lower price.
So where should you start?
Start with the lowest price you can get today. It means you know that the price you are trading is a reasonable target and can still be profitable if things go well.
A good first trade can also be the lowest price you can get today for more than you originally paid for them. This is great because you get your money back and still make a profit. Here’s an example of how this kind of trading works:
You buy a box for $7.66 a piece at $18.56. Then you sell 4 for $5.33 and get $13.33 worth out of them. You then sell all 4 again and sell 4 at $9.33.
You can also trade Bitcoin directly with a wire transfer.
Once you’ve built your profile and reached your trading goals, it might be time to start trading Bitcoin with your own funds.
How to open a Bitcoin wallet
If you have an internet connection you can start trading using your bank account instead of having to open a new account with banks. If you don’t have an internet connection you can still open an account with the bank, and trade with your bank account. There are several sites you can use to open your bank account, however, here’s how to go about it:
Click here for instructions to set up an online account with a foreign bank.
Start by typing in your bank account number in the “Contact me” box, and choosing the first option, from there click “Open a new account”.
Once you’ve received your first login email, your account will be setup. You will then have to confirm your new account is valid, or you will receive one of a few “failure” emails.
Once that’s all done, you’ll still need to complete one more step: create an encrypted key for your wallet.
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