Wondering how and where to buy Bitcoin? Here is how to go about doing just that, despite the recent ban by some banks.
You will find the link below, however, just before that, let us consider some key points to help you consider whether this cryptocurrency is right
for you.
The sentiment surrounding Bitcoin price is currently mixed and would-be crypto investors are asking whether they should or not invest in Bitcoin cryptocurrency.
While some analysts believe that last week's decline was indicative of the last bullish stance before a more profound decline in the BTC price, other analysts in the space believe that growth may continue up with Bitcoin value being in and around the region of $50,000+ heading into March.
From March point onwards, the digital cryptocurrency is expected to experience a very sharp downswing. This is because the asset is considered to already be in 'overbought' territory.
At the time of writing, the daddy of cryptos' price is trading at $33,820 and it is widely believed that it will be ranging at or near the $100,000 value for 1 Bitcoin by year-end 2021.
Should You Buy Bitcoin Cryptocurrency?
Whether or not investors should buy BTC is down to the individual's personal choice and risk tolerance. A huge dilemma for investors in all cryptos, in general, is the recent regulatory ban on people in the UK being able to deposit their cryptocurrency profits into their banks and also many banks' increasing restricting investors sending funds to crypto exchanges to buy crypto.
While on the one hand this could be seen as putting a dampener on the enthusiasm of would-be investors wanting to buy bitcoin cryptocurrency, this is not necessarily so. Here is why.
Investors are not the only ones facing a dilemma. The founding father of Bitcoin created an autonomous, peer-to-peer electronic payment methodology by way of distributed ledger technology, which in essence cannot be controlled by any one person, entity, nor government.
Unlike Facebook with their digital coin for example, which must dance to the tune of the regulators, Bitcoin cannot be ordered or controlled in that way. So, yes, regulations can make it difficult for new investors to buy Bitcoin using their bank accounts or even to deposit profits generated from owing the digital asset but regulation cannot presently control investors buying, holding, or selling BTC.
How To Buy Bitcoin and 100+ Other Cryptos UK
Bitcoin cryptocurrency among others is increasingly gaining interest from both individual and institutional adopters and this will not change in the short-medium term. A recent report by analysts of an Australian investment bank stated "private cryptocurrencies" like bitcoin are fast making inroads into electronic commerce, and it looks unlikely a digital dollar or digital euro will be on the scene any time soon.
With that being said, the real hurdle facing newbie UK crypto investors is how and where to buy Bitcoin if their banks will not (knowingly) allow it.
There are a number of options, the first of which is Cashplus.
About Cashplus UK
If your bank is not making it easy for you to transfer your money to a cryptocurrency exchange to buy Bitcoin or any other crypto, Cashplus makes it possible for you to apply for a Business Mastercard. The card can also be preloaded at a local post office with funds from an existing bank account or, in cash.
Learn more about Cashplus Uk here:
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