أضيف بتاريخ: 09 - 07 - 2025
أضيف بتاريخ: 09 - 07 - 2025
Cryptocurrencies are traded on public exchanges, but they are generally not subject to the same regulations as stocks and other traditional investment products. Cash transfer services like PayPal, Venmo, or Cash App allow their users to purchase Bitcoin using the apps. You can purchase, store, send and sell Bitcoin directly through the apps, which is convenient if you’re used to those interfaces.
He has more than 15 years of experience as a reporter and editor covering business, government, law enforcement and the intersection between money and ideas. In these roles, Andy has seen cryptocurrency develop from an experimental dark-web technology into an accepted part of the global financial system. While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.
You can pick up Bitcoin with no direct commission by using a trading app such as Webull or Robinhood, though you’ll end up making up for it with a spread markup. The offers that appear on this site are from companies that compensate us. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. You can usually spend fiat currency — and receive a proportionate amount of bitcoin in return — or purchase a set amount of bitcoin, using fiat currencies. There is no difference in price or value, so this comes down to preference.
NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Beyond that, exchange services charge additional fees for facilitating trades.
Since its creation in 2009, Bitcoin has continued to dominate both headlines and the general cryptocurrency market. It is the largest cryptocurrency by market capitalisation and shows no sign of giving up this position any time soon. Companies like Coincloud, Bitcoin Depot, and CoinFlip provide crypto ATMs in various retail locations, enabling traders to best crypto tools purchase Bitcoin with cash.
These are websites that allow you to purchase Bitcoin using your bank card. The best options and the ones that I recommend are Binance, Coinbase, Kraken, and KuCoin. This isn’t just about crypto, it’s about taking control of your financial independence.
But the introduction of Bitcoin ETFs provides a cheaper and more secure way for traders to gain exposure to the cryptocurrency. Depending on the platform, network conditions, and the method you use to buy Bitcoin, transaction fees usually range from 0.10% to 0.60%. In addition, most cryptocurrency exchanges calculate fees in a tiered-level structure based on a percentage of your 30-day trading volume. So, the higher your trading volume, the lesser your margin and spot trading fees. In the current cryptocurrency market now, there are five main approaches to buy Bitcoin with cash. Record and safeguard any new passwords for your crypto account or digital wallet (more on those below).
Andrea is a former NerdWallet authority on retirement and investing. Her stories have appeared in The Wall Street Journal, the SanFrancisco Chronicle, MarketWatch and elsewhere. She has been interviewed onTV and radio, including NPR’s “All Things Considered,” and quoted by national publications such as Fortune, Time and CNBC. To receive bitcoin, simply provide the sender with your Bitcoin address, which you can find in your Bitcoin wallet.
A variety of platforms such as Peach Bitcoin facilitate the trading of bitcoin by offering 1) a venue for buyers and sellers to post their buy and sell orders, and 2) an escrow and dispute resolution service. You can buy bitcoin from the Bitcoin.com website using your credit/debit card or other payment method (Apple Pay, Google Pay, etc.). When you buy bitcoin from our website, you’ll need to decide where to receive it. This means you’ll need to input a Bitcoin ‘address’ when prompted. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use.
Some analysts believe the price of Bitcoin could rise even further as cryptocurrency and blockchain technology become a bigger part of people’s daily lives. Along with impressive gains, BTC has also experienced devastating declines. When you open an account at a traditional brokerage or a crypto exchange, you’ll need to provide basic personal information. There’s a spread markup on trades, but you won’t pay a fee for holding cryptocurrency in your account, and you can trade as little as $1 at a time. Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Solana (SOL) and Chainlink (LINK) are also tradable here, as is a PayPal stablecoin (PYUSD).
If the value of Bitcoin sinks, you could get stuck with big losses. If you’re not ready to put a large amount of money at risk, you can start small and still get a good grasp for how the process works. We waded through all the fees, customer service complaints, staking features, withdrawal minimums and more to highlight the best exchanges out there. If you’re paying with a credit card or bank transfer, you’ll of course need to factor in the fees for using those payment methods. When you hold bitcoin in a wallet you control, known as a self-custody wallet (or ‘non-custodial’ wallet), you never have to ask for permission to use it.
Some common names you may see when buying Bitcoin via a wallet’s purchase function are MoonPay, Ramp or Paxos. The most common way to buy Bitcoin is through a cryptocurrency exchange, many of which are suitable for beginners. Traditional stockbrokers, Bitcoin ETFs and P2P money apps are also fairly straightforward, while BTC wallets and ATMs are a bit more advanced. Andy Rosen is a former NerdWallet writer who covered taxes, cryptocurrency investing and alternative assets.
The crypto exchange you use probably has an integrated Bitcoin wallet or at least a preferred partner where you can safely hold your BTC. Some people, however, do not feel comfortable leaving their crypto connected to the internet—in a “hot wallet”—where hackers may more easily steal it. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products.
Some, such as Dogecoin, were created as jokes but have attracted investor interest anyway. Our partners cannot pay us to guarantee favorable reviews of their products or services. Having gone through the basics of buying bitcoin, let’s look in more detail at the methods and processes. Perhaps most importantly, self-custody wallets are more secure. By contrast, many custodial Bitcoin wallets impose severe restrictions on what you can do with your bitcoin. For example, you may be asked to register an address before sending bitcoin to it, and you may be required to wait several days before being allowed to make a withdrawal.
We believe everyone should be able to make financial decisions with confidence. Learn about sending bitcoin, including information of network fees and more. If you don’t have a bitcoin wallet yet, check the Bitcoin.com Wallet – easy-to-use, self-custody Bitcoin wallet trusted by millions. Since you already know how to buy Bitcoin, let’s get some insights about the ‘when’. The price of Bitcoin changes all the time, and it should be your goal to buy Bitcoin at the cheapest price possible.
They collect transaction fees for this work, which can fluctuate based on how many people are trying to execute Bitcoin transactions at a given time. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. In addition, if you use a credit card to buy cryptocurrency, it generally will count as a cash advance and be subject to a higher interest rate than you pay on regular charges. Moreover, taking on debt to buy volatile investments is extremely risky.
To purchase bitcoin, you’ll first need to create an account, the process of which will vary depending on your chosen exchange. Most exchanges will then allow you to connect your bank account directly, or you can choose to use a debit card. It is important to learn about Bitcoin before you consider buying the cryptocurrency. Created in 2009, bitcoin was designed as an alternative, digital method of payment, while removing the need for third-party involvement in financial transactions. However, some investors prefer to move their cryptocurrencies to a separate storage solution. Crypto wallets are one of the best options for cryptocurrency storage.