*Please read our investment disclaimer.

There’s a BIG difference between INVESTING in Bitcoin and BUYING Bitcoin.

Investing in Bitcoin

Earning from a mutual fund, future, or any other second hand financial entity based on Bitcoin’s relationship with fiat currency.

Buying Bitcoin

Purchasing Bitcoin outright and holding or selling percentages based on market value.

(Example: If you purchased 1/2 a Bitcoin when the price of 1 bitcoin was $10,000, your investment would be worth $5,000. If the price goes up to $20,000, your investment would be worth $10,000. At that point you could exchange 1/4 bitcoin for USD, and retain your original investment of $5,000 while still holding 1/4 Bitcoin worth $5,000.)*

Obviously buying Bitcoin outright is the more lucrative opportunity at the moment. To do so there are many ways, here are a couple:

CashApp:

CashApp is a mobile payment service developed by Square, Inc., allowing users to transfer money to one another using a mobile phone app. As of February 18, 2018, the service recorded 7 million active users. Cash App is already the easiest way to send and receive money with friends and family. They’ve made it just as easy to buy and sell Bitcoin straight from your Cash App balance. Unlike other apps, most of their buys and sells happen in seconds. You can even spend your proceeds from a free Visa debit card.
Click here to download CashApp.

Coinbase:

Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.
Click here to join Coinbase.

Robinhood:

With Robinhood, you can learn to invest in the stock market as you build out your portfolio. Discover new stocks through Collections, track your favorites with a personalized news feed, and more. Robinhood Financial is a member of SIPC.
Click here to join Robinhood.

Gemini:

A fully regulated fiduciary, fully compliant, New York-based digital asset exchange for both individuals and institutions. Regulated by the New York State Department of Financial Services (NYSDFS).
Click here to join Gemini.

These are just some of many available options where you can:

  1. SIGN UP: Create a digital currency wallet where you can securely store digital currency.
  2. CONNECT: Connect your bank account, debit card, or credit card to exchange digital currency into and out of your local currency.
  3. BUY DIGITAL CURRENCY: Buy some Bitcoin, Ethereum, or Litecoin to begin using cryptocurrency.

 

Cryptocurrency Wallets

cryptocurrency wallet stores the public and private keys which can be used to receive or spend the cryptocurrency. A wallet can contain multiple public and private key pairs. The cryptocurrency itself is not in the wallet. In case of bitcoin and cryptocurrencies derived from it, the cryptocurrency is decentrally stored and maintained in a publicly available ledgerEvery piece of cryptocurrency has a private key. With the private key, it is possible to write in the public ledger, effectively spending the associated cryptocurrency.

Check out this post for more info on crytpo wallets.

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How do you buy Bitcoin? December 5, 2017