Diversify with Bitcoin

Like gold, Bitcoin is a must-have for diversifying your portfolio (BTC-USD). BTC is a virtual currency that’s used as an investment and a form of payment for goods and services. Here’s a basic primer on Bitcoin so you can make informed decisions about buying and using Bitcoin.

What is Bitcoin?
Bitcoin is an internet based currency that exists only in digital form and operates without government oversight. Bitcoin relies on a public digital ledger that validates and records transactions and verifies Bitcoin ownership. This ledger, known as the blockchain, and is fully decentralized across a broad network of servers. This decentralization facilitates peer-to-peer payments with no banking intermediary, enhanced security, and defends against manipulation attempts. As a currency and investment, bitcoin has many benefits, including:

Faster transactions: You can usually send bitcoin to someone else within about 10 to 20 minutes.

Cost effective: It costs on average $0.5 to $2 to transfer Bitcoin to another wallet, but it can be more depending on how busy the network is.

Decentralized: Decentralization mechanism puts people in charge of their own finances. With traditional currencies, banks are the gatekeepers of financial assets. Bitcoin’s decentralization makes it possible to store access keys directly on an offline hardware device.

Security: Decentralization allows Bitcoin transaction is subject to multiple verifications.

Ownership: You can choose to have full and direct ownership of the cryptocurrency and can use it for peer-to-peer transactions.

How to buy BTC: At crypto currency exchanges like Coinbase, Kraken, Gemini, and even at brokers like Robinhood. You can also get ETFs that are run by some of the biggest asset managers like Blackrock, Fidelity and others. FBTC, IBIT, GBTC are some of the popular ETFs.

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