A Beginner's Overview of Automated Bitcoin Investment Strategies

Blockchain technology has gained worldwide popularity due to its innovative approach of decentralizing financial records through digital transactions across sectors like real estate, sports, insurance, healthcare, and cybersecurity. In late 2017, Coinbase, a leading American crypto exchange, announced that Bitcoin prices surged to a peak of $19,340. Blockchain’s core principle is recording immutable transaction histories, eliminating manipulation—a longstanding challenge in traditional stock markets. As investor interest grows and transactions increase, Bitcoin’s value is expected to rise over time.

To get started with Bitcoin investing, understanding the buying process is crucial. Coinbase is an ideal platform for beginners, offering a user-friendly interface and support for various cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, and Litecoin. Creating an account involves filling out a simple online form with personal details, which takes just a few minutes. Linking your bank account or cards allows seamless transactions for buying and selling cryptocurrencies.

Bank transfers typically take 4-5 business days and are suitable for larger investments, with weekly transaction limits up to $11,250. For quicker transactions, debit cards offer instant purchases but with lower limits of $1,125 and no options for selling. Transaction fees in the U.S. generally stand at 4% for both buying and selling activities. Transacting on Coinbase resembles online banking, making it accessible for new investors.

Familiarity with Coinbase and automated Bitcoin investing lays the foundation for advanced trading on Coinbase Pro. Moving funds between accounts is straightforward: simply click ‘Deposit’ on the homepage, choose the deposit currency, and select the source—be it a bank account, Coinbase wallet, or private crypto wallet.