Setting aside the inflation-hedge claims of Bitcoin enthusiasts, comparing it to gold is a good analogy when considering the myriad ways to invest in Bitcoin.
If, after evaluating the pros and cons of investing in Bitcoin, you decide you want to own it for yourself, there are a few things you need to know.
The first step in buying Bitcoin involves choosing a cryptocurrency exchange to make your purchase.
After purchasing Bitcoin, it is stored in a wallet. There are two kinds of wallets: a “hot wallet” and a “cold wallet.”
This process is similar to connecting a bank account to a traditional investment account and allows you to exchange dollars for crypto coins.
Once your account is set up and your bank account linked, you are ready for the easiest step, placing your order.