The low and low price of cryptocurrencies was more than one at the last time: just a year ago, the Bitcoin quotation was located around $7,500. But the value of each Bitcoin came to be operated at a maximum of 20 thousand dollars, although its value at that time depended on which market or "exchange" was taken into account because volatility at that time was extreme, and the difference between purchase price and selling price, or "spread" was very wide, being many of them unarbitrated among themselves.
Hence the derrumbre occurred. The fall produced a floor in December 2018, where it found a value of less than $3,200. And then in more the story is known: once debugged the bubble and recovered part of the lost trust, resurfaced optimism, able to recover Bitcoin an important part of its value and again boost the entire market of ciptomonedas.
Sometimes very little and others abruptly, the world's best known cryptocurrency seemed to rise from among the ashes: since February 2019, Bitcoin has regained lost ground. The month of May has been very important, since the recovery was 5,200 to almost touch the $9,000 in the last days of last month.
A recovery in Bitcoin is usually accompanied - to a lesser or greater extent - by the rest of cryptocurrencies, in the same way that Google searches and queries for financial products associated with this market also increase.
Now, in Argentina there are options to invest in Bitcoin. We analyzed some of the projects FinTech more relevant, as they areBitex, Ripio and SatoshiTango, among other companies involved in developing and brokering this market.
How to buy Bitcoin in Argentina?
This is a rather difficult question because there are several sites where you can buy Bitcoins, but sometimes the process is not very easy.It is necessary to remember that to acquire other cryptocurrencies it is always necessary to purchase first a Bitcoin, except in the case of Ethereum, which relatively little, can also be acquired in our country.
In general, no one will buy Bitcoins for a payment with a bank credit card, because Bitcoin transfers are definitive and irrevocable, while bank card payments can be cancelled.
Although one of the most commonly used methods to buy Bitcoins is to search for people who sell in their region on the Localbitcoins site, and buy directly to them, this is a modality for those who sell in the matter.
The way to buy Bitcoins on local websites is to pay with bank transfer. We select the three most representative services in the local market taking into account some issues such as operatory, practicality and market experience. In the three cases the initial operation is similar.
To begin with, one must obtain an account on each platform, perform identity verification according to the required, it is simple and agile procedures in order to avoid crimes and money laundering, and lastly the account must be held to be able to carry out the purchase of cryptomenes. Once you rely on funds, all platforms offer Bitcoin, in some cases also offer Bitcoin Cash and even Ethéreum.
In the three selected cases, accounts function as "custodia", i.e. the cryptomeda is deposited as if it were money in a bank. In the case of Ripio also works as a wallet, this means that the service can be used for shopping and payments. Let's see the characteristics of each case.
Bitex
Bitex was born in 2014 as the union of experts from the financial world and the technological world with more than twenty years of experience who decided to start this project because they saw in Bitcoin a disruptive solution to the problems that the region faces in terms of access to financial services and connection with the globalized world. The site of simple access and operatory isbitex. La, once there, personal information must be completed to obtain an account, Bitex employees once they perform identity verification enable the account so they can enter funds into pesos or dollars via bank transfer. Once you rely on funds, the user can start operating.The account is obtained without functions, but once you start operating, i.e. buying or selling Bitcoins or Bitcoin Cash, such as operations in any traditional investment account, commissions are generated. In the event of failure to carry out operations, Bitex will daily deduct the corresponding 0.5% per year as charge for custody (with minimum and maximum).
The interesting thing is that, as commissions are managed by trading (buy/sale), these will cover the cost of custody. Bitex has its own "exchange" (change), which implies that fluctuations can be used in the price of cryptocurrency to get profits.
Rip
Ripio was born in 2013, with the aim of building the infrastructure of access to the digital economy, with certainty that the new paths create new possibilities and are the key to expanding financial inclusion in the region.It is one of the most important developments, besides having a guard service also offers the possibility to use your account as a portfolio with which to make payments and purchases.
As in other cases, a free account is obtained by entering www.ripio. with.ar, one must believe identity and only then one can start to hold the account.
Unlike other platforms, in the case of Ripio, the account holder can be held by the Pago and Rapipago Market, in addition to the bank transfer, but to make the burden with these two options has a commission. As in other cases, Ripio charges a commission for each cryptocurrency purchase or sale operation.
In Ripio it is possible to acquire Bitcoin and also Ethéreum.
Ripio in turn is the only one that works as a wallet, that is, it has an encryption and security system that allows you to operate with your bitcoins and your keys on the same platform.
SatoshiTango
As in previous cases, first must be introducedwww.satoshitango. with, once there, one must complete the form with personal information, believe the identity and, lastly, to promote the account, in this case, one can take the stand in Argentine pesos, Chileans, Mexicans, reals, dollars and euros. The site is agile and easy to operate. In the case of SatoshiTango the account is also free, operations are charged by trading (buy-sale) but has no custody charges.As for access to bitcoin is equal that the case of Ripio and works as well as a broker, to which they buy or sell the cryptocurrencies.
Unlike previous ones, SatoshiTango has a program of referred with interesting benefits.
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