In spring 2022, a huge collapse in the cryptocurrency market occurred when all digital asset rates were crushed. Bitcoin was the first to collapse. Then its rate fell down to about $19,000. As of mid-September 2022, the BTC USDT price slightly recovered. The current rate is $20,275.
Amid this crypto collapse, many investors try to withdraw their savings to a rather stable asset, stablecoins (BTC to USDT). Other investors, on the contrary, strive to buy BTC as much as possible and hold it until the market trend changes. As with any other market, the crypto market lives through cycles, and every time collapse happens, it is replaced by a bullish trend and market growth.
So it makes sense to buy BTC at a relatively low price and hold it in the long term.
Where to Buy BTC?
We recommend using reliable crypto platforms such as:
- WhiteBIT
- Binance
- Coinbase
- Huobi.
These crypto exchanges have long ago proved their credibility. The main advantage of these exchanges is the high level of user safety, which is crucial when you plan to buy and hold crypto assets in the long term. For example, the WhiteBIT platform stores 96% of users’ funds offline.
How to Buy BTC?
If you have not got any coins yet, but want to buy BTC, you will need to register on WhiteBIT and verify your account. The process of confirmation usually takes a couple of days. Once you pass KYC, add your bank card to your account and move dollars or other fiat currency to your account. Then go to the “Trade” sector and enter the data for your transaction: your currency and the coin you wish to buy – BTC. The calculator will provide you with the current rate of BTC and the fee you need to pay for the transaction. Also, consider the commission of your bank. If everything is fine, click “Trade” and receive BTC in your account.
