Bitcoin once again hit an all-time high, topping $66,000, on October 20, 2021. This surpasses its previous high of $65,000 in April 2021.
A few weeks prior, you could’ve bought into Bitcoin at around $40,000, which could have yielded you some impressive short-term gains. And only a year ago, Bitcoin was sitting just above $10,000.
Buying and holding for as little as one year could have made you some serious money. When it comes down to it, the only way to lose when it comes to the world’s first cryptocurrency is to not have any.
Ready to change that? Wondering where to buy Bitcoin so that you stop missing out on the massive growth that comes with this ever-popular digital currency?
Keep reading to find out where and how to buy Bitcoin today. After all, everyone thinks it could hit the $100,000 mark in the very near future.
By and far, the most popular way to purchase crypto is on an online exchange. These are similar to stock exchanges, where you can buy cryptocurrencies directly from sellers.
The exchange acts as a broker, facilitating the transaction for a small fee. With online exchanges, you can purchase both BTC and many other cryptocurrencies, like Bitcoin Cash, Ethereum, Solana, and many others.
Popular exchanges include Coinbase, Gemini, Kraken, Binance, and many others. Since exchanges are regulated in the US, you’ll need to create an account and verify your identity, per federal law.
You can store your crypto on these exchanges once you make a purchase, but you should move them to your own hardware or software wallet for increased security.
Bitcoin ATMs are increasing in popularity across the country. These are similar to traditional ATMs. But rather than adding cash to your bank account, you trade cash for Bitcoin. You can also swipe a debit card to make a Bitcoin purchase.
The best Bitcoin ATM nationwide is Byte Federal. They have hundreds of locations and offer an easy-to-use interface to make the process easy. Just make sure to have a Bitcoin wallet address ahead of time to send the BTC to.
The best part about cryptocurrencies is that they are decentralized. Banks, nor governments, can control or interfere with them.
But banks are afraid of losing control of the financial system. While they still aren’t completely sure about their stance on crypto, they do know that Bitcoin is in demand. As a result, many financial institutions are making it possible for their customers to buy Bitcoin directly through their banking app and website.
This helps keep customers’ money under their control. You can currently purchase Bitcoin directly through your Paypal account. Banks like JP Morgan and Bank of America are still in the process of offering crypto-related products and services to their clients.
Where to Buy Bitcoin the Easy Way
Now that you know where to buy Bitcoin, both online and offline, it’s time to get your hands on as much of it as you can. It continually proves itself as an effective hedge against inflation. And considering the gains from $0 to over $60,000 in just 12 years, this is an investment you don’t want to miss out on.
After all, we can only go up from here.
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