13% of Americans traded crypto in the last year, a pretty staggering amount in a nation of hundreds of millions. The hottest investment craze of the 21st century shows no sign of abating, and thousands of new people jump on the crypto investing bandwagon every day.
But how do you buy crypto? And where? For those not already on that bandwagon, the world of the blockchain can seem complex and confusing. How can you figure out if you should buy bitcoin if you don’t even know where to do it?
Well, don’t worry folks. We’re here to break down a few of the safest and most reliable ways of investing in crypto there are.
Let’s get to it!
Hop On an Exchange
So, where to buy bitcoin? Well, the big beasts of the crypto buying world are the exchanges. Sites like Binance and Coinbase are huge, handling millions (if not billions) of dollars worth of transactions a year.
Why? They’re safe, venerable, and (mostly) intuitive.
If you’re a total neophyte still in the ‘Should I buy bitcoin at all?’ phase, doing your first few trades on an exchange is a great way to get your feet wet before diving in fully. You can do your first few purchases on your normal bank card, and rest easy knowing that there are 10s of millions of expert traders beside you who do their trading on exchanges every day.
Go for Brokerages
If exchanges aren’t your thing and you want to know how to buy bitcoin, you can get cryptocurrency from certain plain old stock brokerages these days. For example, brokerages aimed at smaller retail investors like Robinhood have a thriving market in crypto alongside their more traditional offerings.
If you already invest in everyday stocks and bonds, brokerages can be a good way to consolidate all your investments in a single space. Plus, you can be reasonably assured of their safety, legitimacy, and honesty.
Head Down to the ATM
Yep, you read that right. There are bitcoin ATMs now. For example, if you’re in one of the areas serviced by the bitcoin ATMs run by www.bytefederal.com, you could head out your front door and have your very own bitcoin in no time at all.
How do they work? Well, like an ATM! Bring your credit card with you and you can purchase bitcoin for your wallet right there at the machine.
Who knows? Perhaps one day in the near future, crypto ATMs will be a more common sight on our streets than regular cash machines.
How Do You Buy Crypto? You’re Spoilt for Choice!
So there you have it, just a few answers to the age-old ‘How do you buy crypto?’ question. Whether you opt for an exchange, a brokerage, or grab your wallet and venture out to an ATM, you’re sure to have a great time sailing the high seas of the 21st century’s strangest and coolest investment craze.
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