Bitcoin and Altcoins are very popular among crypto enthusiasts nowadays; the significant number of these cryptos available in the market can be credited to Bitcoin’s developer: Satoshi Nakamoto.
In 2009, Satoshi developed Bitcoin and hailed it as the first crypto; it became in demand since it’s been introduced to the public, and even now, Bitcoin still ranks as the leading crypto by market cap.
Despite the volatile crypto market, Bitcoin showed constant growth even if it underwent low and high states in the market. This certain behaviour of Bitcoin has caught the interest of millions of individuals and firms worldwide to invest in this crypto.
If you plan to invest in Bitcoin, you’re in luck, as there are various ways to acquire this cryptocurrency.
You can do cryptocurrency trading with your cryptocurrencies for a potential profit. Trading is not just about buying and trading cryptos; it requires skills and knowledge to succeed.
But before you go on about trading, you must know where doing this transaction is possible: Cryptocurrency platforms.
Crypto platforms are exchange platforms that allow trading a digital currency from one user to another. These currencies can be cryptos like Bitcoin and Ethereum or could be traditional currencies like Euros and Dollars.
Moreover, crypto platforms like Bitcoin Up, Kucoin, and Binance can help traders in dealing with their crypto in a secure and beginner-friendly way.
Knowing and understanding crypto platforms is important because it sets how you start your career.
After choosing an exchange and deciding that you want to utilise Bitcoin, check out below. We’ve compiled five of the common ways that you can acquire Bitcoin.
1. Stock market
As the popularity of Bitcoin continues to increase, it’s no wonder that businesses have also started accepting this as a means of payment for their goods and services. In addition, some huge companies and brokers have also started to sell their stocks in the form of Bitcoin and sell it to potential investors looking to buy them.
So, if you’ve been into stocks before or are more familiar with stocks, this is good news for you.
2. Buy from crypto counters
One of the easiest and most common ways to own Bitcoin is by purchasing it directly from crypto counters or any crypto area. All you need to do is to register and show proof of identity and proof of a stable internet connection.
After completing those steps, the staff from the counter will provide you with a trading account that you can use to buy, sell or trade Bitcoin and other cryptos or stocks.
Some businesses utilise crypto and have also started selling it to others who want to join the market using third-party agents or brokers.
These agents offer services such as pointing out Bitcoin’s blocks that perform well and assist you in buying by assessing your financial status and selecting the one that suits you well.
In addition, these agents handle the whole process – from signing the paperwork to asking you for payment.
4. Crypto machines
As the field of cryptocurrency develops, we’re talking about the whole industry in general, which led to the birth of Bitcoin ATMs. These machines are located in many places and are designed to help you buy Bitcoin directly using only cash or a card. ATMs offer fewer charges and grant a 7% investment return compared to the other ways stated.
5. Digital wallets
Digital wallets refer to a software-based system that securely stores payment information and passwords of crypto users. Plenty of digital wallets allow users to transfer their funds from banks to wallets and be converted to Bitcoin wallets.
This method offers less convenience and processing charges.
Bitcoin can be purchased in different ways, and the ways listed above are just some of those that you can try. Most crypto traders in their own market Bitcoin for various reasons, such as its high security, which prompts the thought that Bitcoin can be hacked.
Before buying Bitcoin and other cryptos, remember that it’s always important to research how crypto works and how to secure your funds, especially if you are a beginner.