What You Need To Know Before Buying Your First Bitcoin

If you have how to buy chia coin friends who already own bitcoin and you trust their judgment, ask about their experience. They can share practical insights about what works in your area and which pitfalls to avoid. However, buying through an exchange means trusting a third party with your money and personal information. Mt. Gox’s collapse in 2014 showed why some users prefer alternatives — the exchange lost 850,000 bitcoins. Always do your research and find a platform that you’re comfortable using.

Peer-to-peer bitcoin markets

• Decentralized Exchanges (DEXs), on the other hand, allow users to swap one digital asset for another directly, without the need for intermediaries.
• Centralized crypto exchanges are the most common and convenient for beginners, allowing individuals to buy, store, trade, and sell Bitcoin.
• You can enjoy 24/7 customer support with Robinhood, and buy bitcoin using the Robinhood app on both Apple and Android devices.
• Some platforms might charge a percentage of the transaction amount as a fee.
• This is a perfect option if you wish to stay anonymous and don’t plan to buy a large amount of bitcoin.
• After confirming that the transaction is complete, store your Bitcoin securely in your wallet.

As traditional finance continues to adapt to the decentralised revolution, Bitcoin (BTC) stands out as a potentially transformative asset. Its scarcity, independence from central banks, and resilience in volatile markets make it appealing to individual and institutional investors. That’s why approaching Bitcoin (BTC)  investing with knowledge and a clear plan is more important than ever. Peer-to-peer bitcoin markets may not be available in all countries. Geographic regulations ripple news ripple price and xrp latest can significantly impact the availability of peer-to-peer bitcoin exchanges.

Individuals can insert cash into a machine and use it to purchase Bitcoin, which gets transferred to their wallet. Bitcoin ATMs have become increasingly popular in recent years and are even available at the retail giant Walmart Inc. (WMT), among other places. A cold wallet isn’t connected to the Internet and is less likely to be compromised.

Bitcoin Derivatives: Futures and Options

What matters is understanding which news actually impacts bitcoin’s fundamentals versus creating temporary market noise. Follow the below step-by-step guide to learn exactly how to buy Bitcoin from a centralized exchange. You can enjoy 24/7 customer support with Robinhood, and buy bitcoin using the Robinhood app on both Apple and Android devices. Nonetheless, trading Bitcoins is one side of the story; storing them securely after purchase is also imperative. Once your account has funds in it, you can place an order to buy Bitcoin (often abbreviated as BTC).

Every Wallet™

For each purchase, PayPal also charges a transaction fee, which depends on the dollar amount purchased. A paper wallet is simply a piece of paper with private keys written on it. Some people laminate these paper wallets and store them in safe deposit boxes at their bank or even in a safe in their home.

How to Buy Bitcoin With a Credit Card

• These dramatic takes rarely reflect bitcoin’s long-term trajectory.
• The process is largely the same as setting up a typical brokerage account.
• Tyler Grant is the Editor-in-Chief of CryptoNinjas.net, bringing years of expertise in cryptocurrency trading, blockchain technology, and financial analysis.
• Alternatively, if you’re going to be trading your Bitcoin more actively, there are some good hot wallet solutions that will allow you to do so, while still keeping your BTC secure.
• This, however, is a great option if you plan on exchanging your bitcoin for other cryptocurrencies and taking small profits from price swings.

EToro does not charge any hidden fees, making it an excellent option for investors. Having access to reliable research tools, real-time data, and analysis is crucial for making informed investment decisions in the Bitcoin (BTC) market. Here are some of the most trusted and widely used platforms by investors, traders, and analysts in 2025. Your investment strategy should align with your financial goals, risk tolerance, and time horizon.

Regulated exchanges are the safest way to purchase Bitcoin, but you can also buy some at Bitcoin ATMs or through PayPal. To receive bitcoin, simply provide the sender with your Bitcoin address, which you can find in your Bitcoin wallet. How much Bitcoin you can buy will depend on your account limit, with higher purchases requiring increasing/different KYC levels. There is a growing number of charities that accept donations in Bitcoin (BTC) and other cryptocurrency. Select BTC from our catalog of over 100 cryptocurrencies available for purchase.

Although uncorrelated with bitcoin, macros influence investors’ willingness to risk, which directly impacts how much money is allocated to risk-on assets, such as bitcoin. Even if you avoid these pitfalls and stick to your initial intent of buying bitcoin, there’s a chance you’ll be persuaded to keep your bitcoin on the exchange. Worse still, they might entice you to use their loan or staking services to earn some sort of a return on your bitcoin.

ATMs

Select a reputable crypto exchange or broker, such as Coinbase, Binance, Kraken, or Luno available in your country. Use secure storage methods, prepare for volatility, and stay updated on the legal environment. Investing wisely means not only aiming for growth — but also protecting what you’ve already built. Investors need to stay informed because regulation changes can impact liquidity, access, and taxation, potentially influencing the value of their investments.

Private keys should be kept secret, and investors must be aware that the balance of a bitcoin set to overtake gold as a digital reserve asset 2021 public address is visible. Yes, you can buy Bitcoin today and then sell it when you’re ready to cash out. MoonPay supports sell functionality, so you can easily buy BTC and then exchange it for fiat currencies like USD and EUR. You can also top up your wallet with euros, pounds, or dollars and use your MoonPay Balance to purchase Bitcoin and other crypto tokens. With MoonPay Balance, you’ll enjoy quicker transactions, higher approval rates, and zero-fee withdrawals when you cash out via bank transfer.

When you’re ready to buy, you’ll need to figure out how much Bitcoin you want. You do not have to buy an entire Bitcoin; you can purchase parts of one. For example, you can choose to buy $100 worth of Bitcoin, regardless of how many Bitcoins you receive.

Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider. Whether for regulatory reasons, convenience, or portfolio structure, there are several alternative ways to gain exposure to BTC’s price movements without owning the asset itself. These include ETFs, trusts, and derivatives — each with unique benefits and trade-offs.

It’s also essential to know how to keep your Bitcoin safe after buying. Hardware wallets offer the best protection, while software wallets are easier for quick access. Be aware that using a credit card to buy Bitcoin often incurs higher fees compared to bank transfers or other forms of payment. Some platforms might charge a percentage of the transaction amount as a fee. Depending on where you choose to buy bitcoin, you do not necessarily need to use fiat currency to pay for it. Personal bitcoin wallets grant users full control over their private keys, diminishing the threat of theft or loss due to a failure on the part of a crypto exchange or money transfer app.

It’s possible to find articles about blockchain technology, buying Bitcoin, and other, non-crypto specific topics. You can send BTC and other cryptocurrencies to the eToro Money crypto wallet for safe storage. It’s also possible to earn staking rewards on some crypto assets, although this is not available for Bitcoin. At present, Bitcoin is one of the most coveted cryptocurrencies across the globe.