Learn How to buy bitcoin. Before all this; Investing in Bitcoin sounds complicated, but it’s easier when you break it down into steps. Home buying is becoming, day by day, the legitimacy of exchanges and wallets is also increasing. Use your own wallet out of exchange account.
Choose a stock exchange
Registering with a cryptocurrency exchange will allow you to buy, sell and hold cryptocurrency. It is generally a best practice to use an exchange that also allows its users to withdraw their cryptocurrency to their personal online wallet for safer keeping. For those who are looking to trade Bitcoin or other cryptocurrencies, this feature may not be important.
Here are the Best exchange platform for cryptocurrency
Ways to buy Bitcoin:
There are fees, and GBTC often trades at a premium, meaning GBTC shares often cost more than Bitcoin, even though Bitcoin is their sole owner. The idea is that some investors are willing to pay more to buy bitcoin through a traditional exchange, without having to worry about wallets and storage.
- Bitcoin ATMs. These work like regular ATMs, only you can use them to buy and sell bitcoin. Coin ATM Radar Shows Over 7,000 Bitcoin ATMs Around the US
- Peer-to-peer Bitcoin owners. You can buy bitcoins directly from other bitcoin owners, just as if you were buying items on Craigslist, through peer-to-peer tools like Bisq, Bitquick, and Local Bitcoins.com.
- Use extreme caution when buying bitcoin directly from individuals. Bitcoin futures contracts. The TradeStation platform provides a way for investors to trade bitcoin futures, but this is a pro-level stuff, not a hobbyist. Here’s how to get started in futures trading.
- Grayscale boxes. Grayscale Investments is a digital currency asset manager. Two of its mutual funds – Grayscale Bitcoin Trust (its ticker symbol is GBTC) and Grayscale Ethereum Classic Trust (ETCG) – are publicly traded over the counter, which means you can buy them through several discount brokers.
What you need to know before buying ?
You have information you may need on hand. Setting up a cryptocurrency account takes just a few minutes, but you will need to provide some information, including your Social Security number and your bank account number, debit card, or credit card to fund your bitcoin account. Some providers may also require you to have a photo ID.
Register and protect any new passwords for your crypto account or digital wallet (more on those below). Do not use a credit card. Although some providers allow you to buy bitcoin by credit card, making investments by borrowing from a high-interest product such as a credit card is never a good idea; Bitcoin and other cryptocurrency investments are not insured by Securities Investor Protection Corporation for exchange failure or theft, a protection that traditional brokerage accounts enjoy up to $500,000. Some exchanges like Coinbase offer private insurance, but this does not protect against individual online breaches such as someone stealing your password. Using a private and secure internet connection is important any time you are making financial decisions online. It is not recommended to buy bitcoins while you are in a coffee shop, in your hotel room or using other public internet connections