Bitcoin Frequently Asked Questions – Do you still have questions? We will answer them for you in easy to understand terms. Please look to see if your question was answered below, if not you can also email us with any questions you may have.
Bitcoin Frequently Asked Questions
Q: How Much Does It Cost To Invest In Bitcoin? – A: That is up to you. Invest as little or as much as you like. You should never invest more than you can afford to lose because as with any investment, there are always risks. But there is no minimum amount that is required for you to invest. Contrary to what some people think, you do not need to pay what the current price of Bitcoin is to invest in Bitcoin. You simply spend whatever amount you want to spend and receive a fractional proportion of that amount in Bitcoin. This fractional amount will be based on the current rate of Bitcoin at the time you invest.
Q: How Do I Buy Bitcoin? – Once your account is set up on Coinbase or the wallet of your choice you simply buy the amount of Bitcoin you want to purchase. There will be a small transaction fee charged for processing. The amount of Bitcoin, minus the small processing fee will then be added to your wallet. You can buy more at any time.
Q: How Do I Sell My Bitcoin? – You can sell your Bitcoin at any time by placing a sell order. Much like any stock, you can sell your Bitcoin at market value, minus a small processing fee. For more information on selling Bitcoin, please read this short explanation from Coinbase. Other ways to sell your Bitcoin is on a Bitcoin Exchange. There are also Bitcoin ATM’s in almost every major city in the United States, with more being added all of the time.