How much money do investing in Bitcoin need?

I think that when I first heard about 1 Bitcoin, it was about 200 million VND at the time of writing. Surely you also invest in Bitcoin will need at least a few tens of millions to a few hundred million.

However, you only need 2 million VND to be able to buy 0.01 BTC. So with 2 million VND, you can also play bitcoin already.

Although this amount is not much, but new to join, I recommend trying only 2-4 million to get used to it first.

How much money do investing in Bitcoin need?

How much money does investing in Bitcoin need?

Instructions on how to invest in Bitcoin for newbies

1. Learn about Bitcoin

If you don't know, billionaire Warren Buffett won't invest in something he doesn't understand. So you should also understand exactly what Bitcoin is before investing right?

If you already understand, skip this step. Here is a detailed article for you to find out in detail.

What is Bitcoin? [Most comprehensive information about virtual currency BTC]

You want to make money from the internet: cryptocurrency exchange

2. Create a Bitcoin wallet

A Bitcoin wallet is where you can store it as well as you can use it to transfer and receive. So understanding and choosing a wallet is essential.

What is Bitcoin Wallet? Top 9 reputable, safe and best wallets

3. Buy bitcoin and how to buy it

If you want to invest in Bitcoin, you must buy bitcoin right. If you are still running, see where to buy bitcoin right away!

4. Reputable exchanges

When investing in Bitcoin, to optimize the investment portfolio or increase the number of Bitcoin, you must transact on large exchanges to buy and sell Bitcoin, Altcoin.

Some famous floors such as:

Binance exchange

Huobi floor

KuCoin exchange

Blogtienao encourages you to choose Binance floor. Because it is the largest exchange in the world right now and the ecosystem is rich with many services to choose from.

4 Tips for investing Bitcoin

1. New investors should trade in small quantities

Bitcoin transactions are unlike any other form of online payment transaction. For example, when you transfer money online via internet banking of Vietcombank.

If you send the wrong account number to someone else, you only need to ask the Vietcombank bank to cancel the transaction.

But with Bitcoin, it is not so, you mistakenly send it to someone else's Bitcoin wallet address, it is considered lost can not be recovered.

So when you first start investing in Bitcoin you should trade a small amount as getting acquainted first. When mastering, grasping the process of all transactions, we can trade in large quantities.

Moreover, investment always comes with risks. So you should not use large amounts to avoid affecting daily life.

2. Always keep your account, wallet safe

Some of my experiences for you to be safe:

Avoid websites that fake the floor you trade. Before you trade, check the website address.

Do not give account information, private keys to strangers

Do not access links that you do not know what it is

Don't believe the winnings, giveaway asks you to send them Bitcoin and then they send it back.

Store offline recovery keys or characters to avoid hacking.

3. Do not store Bitcoin for too long on the floor

In addition to how to store Bitcoin via Bitcoin wallets, quite a few people choose to store it directly on the virtual currency exchange.

Usually, each exchange will allow us to create a separate Bitcoin wallet address to store directly on the exchange, each coin they will provide 1 wallet for that coin.

This is only suitable during the time you trade coin