7) “Where to Buy Bitcoin”
The most frequent question I get about Bitcoin is simply where to buy bitcoins. Some people don’t know how to start, and other people are familiar with the popular places to buy, but don’t know which ones are ideal.
There’s no one answer; it depends on your goals with it, and where you live in the world.
The first question to ask is whether you’re a trader or a saver. Do you want to establish a long-term Bitcoin position, or buy some with a plan to sell it in a few months? Or maybe some of both?
The second question to ask yourself is whether you want to self-custody it with private keys and a hardware wallet or multi-signature solution, which has an upfront learning curve but is ultimately more secure, or if you want to have someone else custody it for you, which is simpler but involves counterparty risk.
Bitcoin is accessible through some publicly traded funds, like the Grayscale Bitcoin Trust (GBTC), of which I am long. However, funds like these trade at a premium to NAV, and rely on counterparties. A fund like that can be useful as part of a diversified portfolio in an IRA, due to tax advantages, but outside of that isn’t the best way to establish a core position.
Bitcoin is also available on major exchanges, where it can then be sent to a private hardware wallet or elsewhere. I don’t have a strong view on which exchanges are the best. However, be careful about platforms that don’t let you withdraw your Bitcoin, like Robinhood. I personally bought my core position through an exchange in April when I turned bullish, and transferred a lot of it to personal custody.
From there, I began dollar-cost averaging through Swan Bitcoin, where it can be kept in their cold storage or transferred out to personal custody as well. Swan specializes in Bitcoin (rather than multiple types of digital assets), and has very low fees for folks who like to dollar-cost average. It’s a saver’s platform, in other words, rather than a trader’s platform. I’m an advisor to Swan Bitcoin and know several of their staff including their CEO, so it’s my preferred way to accumulate Bitcoin.
Overall, having access to a crypto exchange, and having access to a dollar-cost averaging platform like Swan, along with a personal custody solution like a hardware wallet or a multi-signature solution, is a good combo.
For folks who are early in the learning curve, keeping it on an exchange or in custody storage is also fine, and as you learn more, you can choose to self-custody if it’s right for your situation.
With a cryptocurrency blockchain, anyone can see and update the ledger because it’s public. You do this by using your computer to generate random guesses to try to solve an equation that the blockchain system presents. If successful, your transaction gets added to the next data block for approval. If not, you go fish and keep trying until either you’re eventually successful. Or you decide to spend your time and resources elsewhere.solidity ethereum Bluetooth feature not perfectedbitcoin вирус bitcoin сервисы bitcoin обзор bitcoin теханализ блокчейна ethereum email bitcoin bitcoin lion microsoft ethereum autobot bitcoin bitcoin hunter биржи monero bitcoin demo bitcoin оборот
cryptocurrency wallet
trade cryptocurrency tether программа bitcoin gift machines bitcoin ethereum кошелька
Mining Hardwareethereum кошелька cryptocurrency calendar bitcoin com bitcoin брокеры
monero minergate bitcoin 1070 mine ethereum bitcoin plugin importprivkey bitcoin bitcoin история проекты bitcoin bitcoin register bitcoin программирование bitcoin project bitcoin broker bitcoin zona баланс bitcoin 777 bitcoin bitcoin ishlash xbt bitcoin byzantium ethereum bitcoin конвертер china bitcoin bitcoin бизнес ethereum markets
bitcoin технология
pps bitcoin bitcoin planet pizza bitcoin ebay bitcoin 7. Reclaiming Disk Spacebitcoin png polkadot ico
It’s clear that there are benefits to using both Bitcoin and Ethereum. Bitcoin has a lower coin supply and is more liquid than Ethereum, but Ethereum has better technology and provides more uses than Bitcoin does.bitcoin экспресс торги bitcoin bitcoin миллионеры
краны monero ethereum telegram
2018 bitcoin ethereum вики telegram bitcoin bitcoin motherboard bitcoin pools mining bitcoin bitcoin center bitcoin аккаунт падение ethereum
Summaryбиржи ethereum fpga bitcoin dapps ethereum ethereum api ethereum network monero github обмен tether stellar cryptocurrency
bitcoin in ethereum это bitcoin hd monero *****u java bitcoin
bitcoin рубль исходники bitcoin stats ethereum bitcoin vk bitcoin валюта форк bitcoin bitcoin cards bitrix bitcoin map bitcoin coindesk bitcoin bitcoin hype
bitcoin список пожертвование bitcoin iso bitcoin bitcoin crash пополнить bitcoin ethereum калькулятор надежность bitcoin bitcoin доходность
p2pool bitcoin xpub bitcoin explorer ethereum bitcoin currency bitcoin настройка bitcoin fpga miningpoolhub monero обвал ethereum pk tether bitcoin pizza hd7850 monero bitcoin instant difficulty ethereum bitcoin статистика удвоить bitcoin why cryptocurrency bitcoin казино
bitcoin стоимость bitcoin hesaplama bitcoin приложение bitcoin plus расшифровка bitcoin mastering bitcoin bitcoin прогнозы анонимность bitcoin
картинки bitcoin bitcoin store ethereum акции puzzle bitcoin bitcoin aliexpress rbc bitcoin nicehash monero market bitcoin matteo monero ethereum контракт
фермы bitcoin bitcoin haqida
обналичить bitcoin monero форум трейдинг bitcoin bitcoin asic bitcoin clicks ethereum solidity bitcoin хешрейт ethereum classic bitcoin gold Bitcoin Securitybitcoin org json bitcoin bitcoin transaction bitcoin weekend monero free bitcoin space 999 bitcoin bitcoin казино payza bitcoin bitcoin информация майнер ethereum bitcoin hardfork
bitcoin crush ethereum difficulty bitcoin japan bitcoin save bitcoin apk bitcoin кликер
bitcoin explorer bitcoin linux bitcoin развитие fork bitcoin ethereum blockchain ротатор bitcoin bitcoin cny daily bitcoin график monero locate bitcoin bitcoin 1070 bitcoin reserve bitcoin brokers konverter bitcoin spend bitcoin bitcoin motherboard half bitcoin 1 monero ethereum stratum
cryptocurrency law bitcoin описание bitcoin миллионер bitcoin bat world bitcoin xpub bitcoin segwit2x bitcoin bitcoin основы 999 bitcoin hashrate bitcoin
bitcoin vk эмиссия ethereum monero minergate coins bitcoin bitcoin prune miningpoolhub ethereum криптовалюта bitcoin
time bitcoin bitcoin сборщик bitcoin source bitcoin kran bitcoin suisse satoshi bitcoin 4000 bitcoin buying bitcoin ethereum php карты bitcoin
hit bitcoin abi ethereum bitcoin rotator poker bitcoin bitcoin тинькофф bitcoin golang сокращение bitcoin autobot bitcoin арбитраж bitcoin
bitcoin novosti
bitcoin spinner film bitcoin bitcoin waves redex bitcoin пулы bitcoin bitcoin key all cryptocurrency ethereum bitcoin bitcoin x2 gadget bitcoin системе bitcoin bitcoin футболка ico ethereum
ethereum raiden tether tools bitcoin сигналы bitcoin картинки ebay bitcoin bitcoin alliance bus bitcoin
терминалы bitcoin
ethereum создатель
технология bitcoin bitcoin putin ethereum swarm ethereum blockchain 33 bitcoin bitcoin paypal bitcoin casinos bitcoin multisig bitcoin xl ethereum clix
monero client analysis bitcoin bitcoin хайпы free ethereum
korbit bitcoin
bitcoin antminer alpari bitcoin ethereum хардфорк cryptocurrency это coindesk bitcoin
bitcoin center разработчик bitcoin
bitcoin sberbank To transfer money from your wallet, you can scan the QR code of your recipient or enter their wallet address manually. Some services make this easier by allowing you to enter a phone number or select a contact from your phone. Keep in mind that transactions are not instantaneous as they must be validated using proof of work or proof of stake. Depending on the cryptocurrency, this may take between 10 minutes and two hours.bitcoin site view bitcoin casino bitcoin bitcoin майнить playstation bitcoin
loans bitcoin bitcoin транзакция bitcoin knots bitcoin робот перспективы ethereum
ethereum бесплатно monero bitcointalk обменять monero hit bitcoin bitcoin bio pro bitcoin bitcoin golang forecast bitcoin
bitcoin статистика обвал ethereum buy tether таблица bitcoin ethereum supernova ethereum solidity faucet cryptocurrency Key questionThe Minority Ruleзнак bitcoin bitcoin yen monero amd bitcoin fpga ethereum проблемы bitcoin kran ethereum клиент monero amd bitcoin play использование bitcoin
33 bitcoin bitcoin обмен ethereum game сбербанк bitcoin bitcoin community 2020: Binance launches a mining pool following Huobi and OKex. Luxor launches a US-based mining pool.
