Bitcoin is rising again after months of bearish trends. According to experts, Bitcoin might even cross the ATH it attained in 2017 in the coming year. It’s a fantastic time to sign up for Bitcoin trading now. But, before you actually march ahead to get your Bitcoins and start trading, there are a few things that you will need. The post below jots down the list of things that are mandatory to start your Bitcoin trading.
The first thing that you will need here is your Bitcoin wallet. The wallet is where you will store your digital assets a.k.a. Bitcoins. You have the choice to choose between hot (online) wallet and cold (offline) wallet. It’s advisable to go for a cold wallet since being an offline entity, these types of wallets are safe from hacking attacks and virus invasions. Online wallets can’t promise you the impenetrable security that offline wallets are famous for.
Personal identity documents
Best Bitcoin trading platforms are extremely strict about KYC and AML procedures during approving registration of an aspiring trader. Thus, you would need your personal identity documents (driver’s license, SSN etc.) handy while you proceed to sign up with a BTC trading platform.
Secure and strong internet connection
Do not ever trade BTC in a public Wi-Fi or any such internet hotspot that are used by many and hence prone to hacking attacks. Thus, secured and strong internet connection is a major pre-requisite for safe and hassle-free Bitcoin trading.
You will need debit or credit card to purchase Bitcoin. Be very specific about the amount you want to allot here and stick to it. It’s always advisable to start with a small amount.
Registration with a BTC trading app
A Bitcoin trading app like Bitcoin Era is where you will finally start to trade your Bitcoins. Choose a reputed app that uses sophisticated software and promises no less than 90% accuracy rate.