How do I buy bitcoin and keep it safe?

Whether you choose to add Bitcoin or an altcoin to your wallet, always make sure you are comfortable with the risk of investing in such a speculative asset in the first place. Popular currencies such as Bitcoin (BTC) and Ethereum (ETH) are available on most cryptocurrency exchanges, while only more niche altcoins may be available on certain exchanges.

How do I buy bitcoin and keep it safe?

Whether you choose to add Bitcoin or an altcoin to your wallet, always make sure you are comfortable with the risk of investing in such a speculative asset in the first place. Popular currencies such as Bitcoin (BTC) and Ethereum (ETH) are available on most cryptocurrency exchanges, while only more niche altcoins may be available on certain exchanges. If you're saving money for future plans, such as buying a home or retiring, don't risk investing in Bitcoin. Bitcoin cannot yet be purchased through your bank or investment company, although some organizations are working to achieve that possibility in the future.

Although some providers allow you to buy bitcoin with a credit card, it's never a good idea to make investments by borrowing a high-interest product, such as a credit card. Four cryptocurrencies Bitcoin, Ethereum, Litecoin, and Bitcoin Cash can be purchased directly through PayPal. All that said, if you still want to take part in the action, here's how to buy Bitcoin on your own. To buy the physical currency, you may need to pay a slight premium on the value of the Bitcoin you are buying, due to the cost of manufacturing and shipping the currency itself.

Constantly update the operating systems and software of your mobile device or computer to make your bitcoins more secure. Cryptocurrency exchanges like Coinbase and some traditional brokers like Robinhood can help you start investing in bitcoin. After creating an account, users can submit requests to buy or sell Bitcoin, including information about payment methods and price. You'll be able to find Ethereum to buy on many of the same exchanges and platforms as Bitcoin.

If you like the idea of day trading, one option is to buy bitcoin now and then sell it when its value rises. The people who can make transactions are decided at first and when one of them wants to spend or send bitcoins, they require others in the group to approve the transaction.

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