Where can I buy Bitcoin and hold it permanently in 2024? (Beginner's Guide)

For newbies who want to hold Bitcoin permanently, choosing the best exchange is crucial. It is recommended to consider the following exchanges: Coinbase (user-friendly, secure), Binance (high trading volume, wide selection of cryptocurrencies), Gemini (high security, regulated), Kraken (reliable, advanced trading tools), FTX (derivatives trading, low fees). When choosing an exchange, cần considers security, regulation, fees, cryptocurrency selection, and user-friendliness.

Best Exchanges to Hold Bitcoin Permanently in 2024

For newbies, it is crucial to choose the right exchange to hold Bitcoin permanently. Here are some suggestions:

1. Coinbase

• Pros:

  • User-friendly interface
  • Strong security measures
  • Supports multiple payment methods

• Cons:

  • Higher transaction fees

2. Binance

• Pros:

  • The largest and highest trading volume cryptocurrency exchange
  • offers a wide selection of cryptocurrencies
  • lower transaction fees

• Disadvantages:

  • Regulatory issues

3. Regulated by the US Financial Services Authority (FINRA)

Reasonable transaction fees

• Cons:
  • Fewer cryptocurrency choices

• 4. Kraken

  • Pros:

Long term reliable exchange Provides advanced trading tools

lower transaction fees

• Disadvantages:
  • The user interface may be complicated for newbies

• 5. FTX

  • Pros:

Offers derivatives tradingLow transaction fees

User-friendly interface

• Cons:
  • Relatively new exchange

• Considerations for which exchange to choose:

  • Security:
  Ensure the exchange has strong security measures such as two-factor authentication and cold storage.

Regulation:

Consider whether to choose an exchange that is regulated by the government, such as Gemini.

Fees:

Compare trading fees on different exchanges to find the one that works best for you.
• Cryptocurrency Selection:
Make sure the exchange supports the Bitcoin you want to buy and hold.
• User-friendliness:
For newbies, it is important to choose an exchange with a simple user interface.
Bitcoin (BTC) Price Movement Overview
Current Price:
• $64,191.80 Bitcoin is currently in the bearish zone at $64,191. It is down 2.52% in the past 24 hours, pointing to worrying market sentiment.

Factors affecting price changes:

Global economic uncertainty Cryptocurrency regulatory concerns

Profit-taking by institutional investors

Future price trend analysis:

• In the short term, Bitcoin The outlook for currency prices remains unclear. However, in the long term, the market is generally bullish due to its scarcity and growing adoption.
• Recommendation:

Investors should proceed with caution and wait for the market to stabilize. Traders should closely monitor market dynamics and adjust their strategies accordingly.

Short-term trend forecast:

Bitcoin is expected to remain at current levels or fall slightly in the coming weeks. However, the market is expected to recover once the uncertainty subsides.

• Indicators:

Current price: 64,191.80 USD 24 hour trading volume: 335.27 billion USD

Circulation volume: 19,730,640 BTC

Maximum supply: 21,000,000 BTCTotal Supply: 19,730,640 BTC

in circulation Market cap: $1.27 trillion

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