If you bought $1 worth of bitcoin 5 years ago, you’d have ~$140 today. Imagine how much you could have if you have put even more cash into bitcoin.
If you are new to the crypto space, you probably don’t know the first thing about the various ways to buy bitcoin. These days, it couldn’t be easier. There are so many options too.
To learn how to buy bitcoin, read our guide below. You don’t want to miss out on cryptocurrency, do you?
Coinbase
Coinbase remains the most popular place to start with Bitcoin for beginners. The easy-to-follow, intuitive design makes learn how to buy bitcoin a breeze. Since Coinbase is an exchange, aside from Bitcoin, you’ll be able to purchase many cryptocurrencies such as Bitcoin Cash, Ethereum, and Litecoin.
With over 56 million verified users and reasonable fees, it’s no wonder why speculators, enthusiasts, and beginners are investing in Bitcoin with Coinbase.
Cash App
If you’re unsure of how to buy bitcoin, it couldn’t be easier on Cash App. The way it works is by first linking your bank account or debit card. The process may take a few days to bring you on board, but once you are you can start investing in Bitcoin instantly.
You can buy up to $100,000 in bitcoin weekly as well as withdraw up to $5,000. For daily use, you can withdraw up to $2,000.
Cash App is a great option when you want to dollar cost average with bitcoin. You can do this by setting up automatic recurring buy orders. You can also take advantage of the boosts where you’ll earn a percentage of bitcoin back when you use the debit card in coffee shops and restaurants.
Robinhood
If you’re looking for commission-free ways to buy bitcoin, look no further than Robinhood. When you buy and sell bitcoin normally, you’ll be expected to pay a fee of .5% or more. Right from the jump, you’re losing out on money.
If you’re comfortable using Robinhood as a commission-free stockbroker, investing in Bitcoin with Robinhood will be a snap. The beautiful design allows users to feel right at home, which is why we suggest it as one of the easiest ways to buy bitcoin today.
With any exchanges we’ve mentioned here, you’ll want to move your bitcoin to a wallet. Keeping your bitcoin on an exchange is highly vulnerable to risk and loss of funds.
BlockFi
Have you heard that BlockFi is one of the best ways to buy bitcoin? You can even use bitcoin as collateral, and trade with no fees.
One of the features that sets BlockFi apart is its ability to earn interest when you deposit bitcoin. Rather than a traditional checking account, you can earn interests up to 8.6% APY.
You will enjoy the fact that there are no trading fees attached to buying and selling bitcoin either. There is even a rewards credit card you can use to stack sats with every purchase.
Bitcoin ATMs
Bitcoin ATMs are another great way to start investing in Bitcoin. They work very similarly to normal ATMs. Start by searching “bitcoin machine near me” in your search engine of choice.
When you find one in your area, walk up to the machine and enter in how much bitcoin you’d like to purchase. From there, you will need to tell it which bitcoin address to send the funds to. Put your cash in and wait for confirmation.
21 Million Ways to Buy Bitcoin
As you can see there are countless ways to buy bitcoin these days. The process couldn’t be more straightforward. Once you get more familiar with your method of choice, teach your friends and family.
The more people who can take advantage of this technology, the better. Bitcoin helps the unbanked.
For much more financial information, be sure to read our blog.
