The easy way to buy Bitcoin, everything you need to know   

Understanding Bitcoin before you buy 

It is essential to understand the fundamentals of this crypto-asset and the technology behind it: the blockchain. In this section, we explore the birth of Bitcoin, its captivating history and the reasons for its popularity as an investment. 

Bitcoin and blockchain technology 

To fully understand how it works, it is essential to delve into the underlying technology: blockchain. 

The blockchain is a decentralised data structure that relies on cryptography to secure and verify transactions. The blockchain is made up of a series of blocks, each containing a set of transactions. These blocks are interconnected and secured using cryptographic hashFootprint to identify initial data (sometimes unknown) by comparing it to other footprints. In cryptography, afootprint is the result of the application of an encryption software to a given message. functions. Each transaction added to the blockchain becomes verifiable and immutable, guaranteeing unrivalled transparency and security. 

One of the key elements of blockchain is its decentralised nature. Unlike traditional financial systems, there is no central authority, such as a bank or government, that controls the Bitcoin blockchain. Transactions are validated by a network of distributed nodes, eliminating the need to trust third parties. This decentralisation gives Bitcoin an exceptional level of resilience and independence, protecting it from manipulation or outside intervention. 

In terms of security, each participant in the blockchain has a pair of keys. A public key, which serves as an address, and a private keyOne of the two components of a crypto wallet, it gives the digital assets’ ownership and must stay
confidential., which is used to sign transactions. This combination of keys guarantees the authenticity and confidentiality of transactions, reinforcing user confidence in the system. 

The birth of Bitcoin, its history 

To understand Bitcoin, it is essential to go back to its origins. Bitcoin first appeared in 2009 under the pseudonym Satoshi NakamotoNickname use by the person or people who created Bitcoin, their real identity is still unknown.. What’s really interesting is that Nakamoto’s true identity remains a mystery, adding a touch of intrigue to the story of this crypto-asset. 

Bitcoin was created in response to the global financial crisis of 2008, with the aim of offering a decentralised alternative to traditional financial systems. Its white paperDefines technological basis of a project, explains its consensus mechanism (algorithm, rewards) and eventually presents its business model or business plan if the crypto asset is a token. It is, published by Nakamoto, laid the foundations for the blockchain technology that underpins Bitcoin. The Bitcoin network was launched in January 2009 with the release of open-source software. 

Initially, Bitcoin had little value and transactions were rare. Over the years, its adoption has grown. In 2010, the very first Bitcoin purchase was made when two pizzas were bought for 10,000 BTC. This transaction is now famous for being one of the first real-world Bitcoin spendings. 

Why Bitcoin is popular as an investment 

Bitcoin has gained exceptional notoriety as an investment, which can be explained by a number of key factors. 

Firstly, its decentralisation offers investors a rare autonomy, free from the tutelage of financial institutions and governments. Secondly, its phenomenal growth potential has attracted attention, with spectacular gains since its inception (albeit with greater downside risks). 

For many investors, the possibility of diversifying their portfolio by including an asset class that is independent of the traditional markets is an added attraction. In addition, Bitcoin’s liquidity, which can be traded 24 hours a day, 7 days a week, makes it a popular asset for active investors. The growing adoption of Bitcoin by companies and financial institutions reinforces its legitimacy as an investment. 

Finally, its scarcity, with supply limited to 21 million units, contrasts with the unlimited issuing possibilities of traditional currencies, which could potentially boost its value as demand increases. 

Nevertheless, it is crucial to remember that the cryptoasset market is volatile and speculative. Before investing, it is advisable to carry out thorough research and only invest what you can afford to lose. 

How to buy Bitcoin 

Deciding to invest in Bitcoin is a crucial step, but an equally important question arises: how do you buy Bitcoin? Let’s explore the various methods available to you for acquiring this revolutionary cryptocurrency (crypto-asset or digital asset as the ACPR officially calls it). 

Crypto-asset exchangeExchange platform for crypto assets (Binance, Kraken…) platforms 

When it comes to acquiring Bitcoin, you have several options, and crypto-asset exchange platforms play a central role in this process. 

These platforms are websites or applications that allow you to buy, sell and store crypto-assets, including Bitcoin. Here is an overview of the different types of platform available. 

Centralised platforms 

Centralised platforms are platforms run by companies that act as intermediaries between buyers and sellers. They offer a user-friendly interface for beginners and make transactions quick and easy. However, they often require identity verification. 

Decentralised platforms 

Decentralised platforms operate without a central intermediary. They allow users to trade directly with each other, thereby enhancing confidentiality and security. They are generally less user-friendly for beginners. 

Peer-to-peer platforms 

Peer-to-peer (P2P) platforms bring Bitcoin buyers and sellers together, allowing them to trade directly. These platforms offer a wide variety of payment options, but require extra vigilance to avoid scams. 

Before choosing a platform, it is essential to consider a number of factors, including ease of use, transaction feesFees related to operations; they sometimes are distributed to miners., payment options, security and reputation. The diversity of crypto asset exchange platforms offers investors a wide range of choice, allowing them to find the solution that best suits their needs and level of experience.  

Information to check before choosing a platform 

Platform security is an essential starting point. It is vital to ensure that robust security protocols, such as cryptography, are in place to guarantee the protection of your funds. 

You should also check the fees associated with the platform, including deposit, withdrawal and trading fees, as these costs can have a substantial impact on your profitability. The payment options offered by the platform are another key selection criterion. Some platforms accept a variety of payment methods, including bank transfers, credit/debit cards and other crypto-assets, while others may be more restrictive. 

Examining the platform’s reputation is just as important. User reviews and trusted sources will tell you about the history, reliability and quality of customer service. The accessibility and user-friendliness of the interface are essential, especially for beginners. A user-friendly platform with educational tools will make it much easier for you to get started. 

Finally, don’t overlook customer service. It can make all the difference if you have a problem. Contact customer service to assess their responsiveness and the quality of their responses. In short, by checking this information before making your choice, you can find the platform that best suits your needs and level of experience. 

Your choice of platform is a key part of your Bitcoin buying experience, which is why due diligence is essential to ensure the safety of your investments. 

Banque Delubac & Cie meets all these key criteria, enabling you to invest in crypto-assets in a secure environment that complies fully with the laws in force in France. 

Buy Bitcoin with banque Delubac & Cie.

Safety and precautions before buying 

Buying Bitcoin, while promising, comes with risks. Security is of paramount importance, whether it’s protecting your investments from online threats or preventing the scams common in the world of crypto-assets.

The importance of security when buying Bitcoin 

Security is a fundamental pillar when it comes to buying and holding Bitcoins. As a digital asset, Bitcoin is exposed to various online threats, such as hackers and scams. Crypto-asset transactions are irreversible, meaning that once funds have been sent, they cannot be recovered. 

The first step is to choose a reputable exchange platform that invests in advanced security measures, such as robust cryptography and secure storage of digital assets. It is also advisable to keep your Bitcoins in a secure walletPrice variation of an asset on a given period., preferably a hardware wallet disconnected from the Internet. Avoiding divulging your private key, which is used to control access to funds, is essential to prevent theft. 

As an example of an exchange platform with advanced security measures, Banque Privée Delubac & Cie has opted for Taurus. An all-in-one solution that uses cutting-edge technologies to secure customer funds in the best possible way. 

Awareness of common scams is also crucial. There are many scams in the crypto-asset field Caution is the order of the day, and it is essential to check offers and solicitations carefully to avoid falling into these traps. 

Common scams to avoid  

In the world of Bitcoin, it is imperative to remain vigilant in the face of the many scams that can compromise your funds and your security. 

Ponzi schemes and “give us your Bitcoin and we’ll give you back double” schemes are particularly devious among common scams. These too-good-to-be-true offers promise quick gains in exchange for your precious Bitcoins, but they often turn out to be deceptions designed to rob you of your assets. 

What’s more, phishing e-mails (perfect imitations of well-known websites) and fraudulent websites are a constant threat. Fraudsters use phishing tactics to trick you into divulging your personal information and private keys. 

Vigilance is the key to avoiding these scams. Before making any financial decisions, carry out thorough research, check the reputation of the platform or person you are dealing with, and don’t fall for promises of easy gains. Security and caution are your best allies in protecting your Bitcoin investments. 

Bitcoin market analysis 

To maximise your chances of success as a Bitcoin investor, it is crucial to understand the forces that influence the price of this crypto-asset. Understanding these dynamics, whether economic, technological or geopolitical, is essential to a successful investment journey. 

Factors influencing the price of Bitcoin 

The price of Bitcoin is subject to a variety of factors that contribute to its volatilityPrice variation of an asset on a given period. and market dynamics. 

First of all, supply and demand play a major role. When demand for Bitcoin increases, its price tends to rise, and vice versa. The limited quantity of Bitcoin, capped at 21 million units, reinforces the perception of scarcity, which can have a positive influence on its price. 

Technological developments related to the blockchain and Bitcoin’s underlying infrastructure can also impact its price. Improvements in security, transaction speed or scalability can boost investor confidence and influence the value of Bitcoin. 

The adoption of Bitcoin by businesses and financial institutions, and its growing popularity as a means of payment, may also affect its value. The more it is used in everyday life, the more its demand may increase. 

How to follow Bitcoin price trends 

To keep abreast of developments in the Bitcoin market, it is essential to have the right tools and resources. A common method of tracking Bitcoin price trends is to use dedicated market analysis platforms. These platforms provide real-time charts, historical data and technical analysis, allowing investors to monitor prices and detect trends. 

The financial media and specialist websites also provide regular information and analysis on the Bitcoin market. 

Similarly, social networks and online forums are a valuable source of information, but care must be taken, as public opinion can be swayed by enthusiasm or panic. Community discussions can, however, offer interesting insights into emerging trends. 

Finally, personal research and ongoing education are essential. The more you understand about the mechanics of the Bitcoin market and the factors that influence it, the better you’ll be able to make informed investment decisions. 

And now, are you better prepared to buy Bitcoin?

By exploring the different facets of buying Bitcoin, from the basics of blockchain technology to market analysis, you have gained a deeper understanding of this revolutionary crypto. 

Bitcoin offers exciting investment opportunities, but it is also associated with unique challenges and risks. By educating yourself on best practices, security, and understanding the factors that influence the market, you have taken significant steps to prepare yourself to buy Bitcoin in an informed manner. 

It is important to bear in mind that the cryptoasset market is volatile. Continuous research, constant vigilance and diversifying your portfolio are all important strategies for success in this area. Bitcoin is an exciting financial adventure, and it is essential to venture into it with caution and intelligence. 

Buying Bitcoin can be the start of an exciting financial journey. With the right preparation and a thorough understanding, you can explore the opportunities offered by this disruptive technology. We hope this article has provided you with useful information to make informed decisions when buying Bitcoin, and we encourage you to continue your exploration of this fascinating world.