🕷️ Crawler Inspector

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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 27 (from laksa035)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa027.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.coindesk.com/learn/how-can-i-buy-bitcoin\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.coindesk.com/learn/how-can-i-buy-bitcoin\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.coindesk.com\/learn\/how-can-i-buy-bitcoin","crawl_time":1774587673,"first_indexed_time":1736132388,"http_code":200,"src_unparsed":"com,coindesk!www,\/learn\/how-can-i-buy-bitcoin s443","src_root_hash":"4138248688154764227","history_drop_reason":null,"meta_title":"How To Buy Bitcoin","meta_descriptions":["You can buy bitcoin from cryptocurrency exchanges, brokerage platforms, specialized ATMs and even directly from other people selling it."],"attrs_boilerpipe_text":"With bitcoin adoption continuing to rise, it’s now possible to purchase the digital asset across a wide range of exchanges, brokerages and apps.\nUpdated May 16, 2024, 3:30 p.m.\nPublished Sep 9, 2021, 1:10 p.m.\nMake\npreferred on\nSo you’ve learned the\nbasics of bitcoin\n, now you’re excited about its potential and want to buy some. But how?\nCompared with when Bitcoin first launched in 2009, buying cryptocurrency has gotten easier by the day. Today, you can purchase bitcoin directly on crypto exchanges, mobile payment apps, peer-to-peer marketplaces, Bitcoin ATMs and even on some traditional brokerage platforms. Bitcoin ETFs are also a viable option for those hesitant to hold actual bitcoin. The list is quite elaborate.\nYou can also opt to use hard cash, credit or debit cards, or wire transfers, depending on whom and where you are buying from.\nNow, before you buy your first bitcoin, you must decide how you want to store it. Think of this as having a bank account or physical wallet to keep your money.\nIn the case of bitcoin, you can use an online wallet in the form of an exchange platform or an independent provider, a mobile wallet, a desktop wallet or an offline wallet such as a hardware device or a paper wallet. You can find more information on bitcoin wallets and tips on how to use them\nhere\n.\nThat being said, here’s a quick rundown on how you can buy the leading cryptocurrency.\nCryptocurrency exchanges\nOne of the easiest ways to buy bitcoin is via cryptocurrency exchanges. As the name suggests, a crypto exchange is a platform that allows you to buy and sell cryptocurrencies using different traditional fiat money options or other digital currencies.\nTo buy bitcoin on a crypto exchange, you will need to open an account on the exchange platform. Chances are that you may also be required to go through some\nknow-your-customer (KYC) and anti-money-laundering (AML)\nprocedures – these are just basic background checks so that the crypto exchange knows you are who you say you are. This typically entails submitting your official ID and sometimes your proof of address. On the flip side, some exchanges give you restricted access and benefits when you sign up with just your email without verifying your identity. This is a perfect option if you wish to stay anonymous and don’t plan to buy a large amount of bitcoin.\nSpeaking of crypto exchanges, while there are\nhundreds\nof them to choose from, as a beginner, it is recommended that you stick with popular high-volume exchanges such as\nBinance\n,\nCoinbase\n,\nHoubi\nand\nKraken\n. However, it’s always advisable to conduct your own research before selecting a particular exchange to use. Some are available only to people from certain countries, while others are geared toward more experienced traders.\nOnce you’ve picked an exchange to use, the next step is to fund your account in order to purchase bitcoin. Most exchanges would allow you to fund your account through bank transfers, credit cards or PayPal.\nKeep in mind that most platforms will charge fees for certain funding options, such as credit card deposits. In addition to charging deposit fees, you will also need to pay a\nfee\nfor every transaction, to incentivize a bitcoin miner to process your transaction.\nRead more:\nHow Bitcoin Mining Works\nOnce your account is funded, you can then proceed to buy bitcoin on your chosen exchange.\nNote that the exchange will automatically generate a wallet for you. The downside of this is that you don’t have control over your private key – the key that determines who the true owner is of the cryptocurrency stored in the wallet – and could potentially lose some of all of your bitcoin if the\nexchange is hacked\n. This, however, is a great option if you plan on exchanging your bitcoin for other cryptocurrencies and taking small profits from price swings.\nIf you plan to buy a significant amount of bitcoin without a plan to sell any time soon, you are better off moving your funds to an\noffline or hardware wallet\n.\nBitcoin ETFs\nFor investors interested in bitcoin but hesitant to engage directly with cryptocurrencies, a\nspot bitcoin exchange-traded fund (ETF)\npresents an attractive alternative. A spot bitcoin ETF tracks the price of bitcoin and allows investors to gain exposure to its price movements without owning bitcoin directly.\nRead More:\nBitcoin ETFs Explained: What Are They & How Do They Work?\nUnlike traditional ETFs that might invest in a range of assets, spot bitcoin ETFs directly track the price of bitcoin. They hold actual bitcoin, and their shares are traded on traditional stock exchanges. You can also gain exposure to bitcoin’s price movements by buying\nbitcoin futures ETFs\n, which may be more easily available in different jurisdictions.\nInvestors interested in gaining exposure to bitcoin via ETFs should conduct thorough research to find the ETF that suits their investment goals and risk tolerance. Consider factors such as management fees, the track record of the ETF provider and how closely the ETF tracks the price of bitcoin.\nIf you already have a brokerage account, you can simply buy shares of a spot bitcoin ETF just as you would with any other stock. If you don’t have an account, you’ll need to set one up and fund it.\nMobile payment apps\nBitcoin's rise in popularity has significantly impacted the financial technology sector. Mobile payment apps such as Venmo, Cash App and PayPal have adapted to this trend by integrating services that enable users to buy, sell and hold bitcoin directly within their platforms.\nThese apps offer a convenient and accessible way to purchase bitcoin quickly from a mobile device. This approach may be suitable for individuals with limited knowledge of bitcoin who still seek exposure to it.\nHowever, there are drawbacks to this convenience. Like crypto exchanges, when you buy bitcoin on mobile payment apps, you don’t own the private keys to your bitcoin wallet, meaning less control over your cryptocurrency. Transactions may also incur fees that can be higher than those on dedicated crypto exchanges. However, most of these apps charge nothing if moving bitcoin to another account on the platform.\nPeer-to-peer bitcoin markets\nWhile crypto exchanges may have grown to become the de facto way to buy bitcoin, you can also purchase the digital asset directly from other bitcoin owners via peer-to-peer platforms like\nPaxful\n,\nBinance P2P\nand\nNoOnes\n. This is also known as over-the-counter (OTC) trading.\nBuying bitcoin directly from individuals can be extremely risky. Meeting a complete stranger face to face to privately exchange money for cryptocurrency doesn’t always work out for the best. Platforms like Paxful, Binance P2P and NoOnes offer a much safer solution and use an in-house escrow service to ensure the exchange process runs smoothly.\nPeer-to-peer bitcoin markets may not be available in all countries. Geographic regulations can significantly impact the availability of peer-to-peer bitcoin exchanges. Regions with strict legal frameworks, stringent KYC and AML policies, complex taxation or onerous payment service laws can hinder the operation and accessibility of these platforms.\nBitcoin ATMs\nBitcoin ATMs operate similarly to regular cash ATMs. The main difference is they allow you to buy and sell bitcoin, as opposed to just withdrawing fiat. These devices will send bitcoin to your wallet in exchange for cash. All you need to do is feed in the bills, hold your wallet’s QR code up to a screen and the corresponding amount of bitcoin is beamed to your account.\nSeveral Bitcoin ATM companies have struck deals with third party ATM providers to make it possible to buy bitcoin in convenience stores, gas stations and on city blocks.\nCoinatmradar\ncan help you to find a Bitcoin ATM near you.\nA similar option to buying bitcoin via a Bitcoin ATM is to purchase gift cards like\nAzteco\nor similar vouchers designed to buy and spend small amounts of crypto.\nAlthough Bitcoin ATMs are typically safe to use and a legitimate way to purchase bitcoin, they are unfortunately being taken advantage of by scammers. The\nUnited States Federal Trade Commission\nhas stated that scammers are impersonating legitimate government organizations or authorities and demanding payment via bitcoin purchased at Bitcoin ATMs, claiming it’s for taxes, fines or other official expenses. Victims believing they are dealing with a legitimate entity use the ATM to transfer bitcoin to the scammer. Never make a bitcoin purchase unless it is of your own volition. Never transfer bitcoin to a wallet that you do not have control over or access to, unless you are making a payment for goods or services.\nTraditional stock brokers\nThanks to the growing popularity of bitcoin, several traditional brokers and FinTech brokerages now allow customers to buy and sell the digital asset on their platforms. Robinhood is a pioneer in this regard. It is the first mainstream investment broker to allow customers to purchase bitcoin on its platform, along with a selection of other cryptocurrencies. Its crypto arm,\nRobinhood Crypto\n, is also available in most states in the U.S. Similarly, you can also buy bitcoin on broker platforms such as\neToro\nand\nTradeStation\n.\nSeveral banks as well have begun\noffering crypto trading desks\n, often for their high net worth clientele. Likewise,\nfinancial advisers and wealth managers\nmay also be able to buy and hold bitcoin on their clients’ behalf.\nHow to securely store purchased bitcoin\nTransferring purchased bitcoin to a personal wallet is vital for ensuring security and control over one’s assets. Crypto exchanges and mobile payment apps, while convenient for trading, can be targets for hackers and may also face regulatory or internal issues, risking asset accessibility.\nRead More:\nYour First Crypto Wallet: What Is a Crypto Wallet and How to Use It\nPersonal bitcoin wallets grant users full control over their private keys, diminishing the threat of theft or loss due to a failure on the part of a crypto exchange or money transfer app.\nSecuring bitcoin in a personal wallet involves several key steps.\nChoose a reputable wallet:\nChoose a well-known and secure bitcoin wallet. There are two main types of wallets: hot wallets (online wallets) and cold wallets (offline storage).\nundefined\nTransfer your bitcoin:\nAfter purchasing bitcoin through an exchange or app, transfer it to your wallet by following the prompts on the exchange or app. You will send the bitcoin from the crypto exchange or app to your personal bitcoin wallet using the public address of your wallet. Ensure the public address is correct. It is impossible to reverse a bitcoin transaction. This public address will be generated automatically when you set up your bitcoin wallet.\nKeep your private keys safe:\nHaving ownership of your own private keys allows you to access and control your bitcoin. Never share them with anyone and ensure they are stored securely. If using a cold wallet, make sure to keep it in a safe place where it will not be lost or stolen.\nUse strong passwords and 2FA:\nFor any online wallet or exchange, use strong, unique passwords and enable two-factor authentication to add an extra layer of security.\nEditor's Note: This article does not constitute investment advice and is not intended to invite or induce investment in bitcoin\nBTC\n$70,046.42\nor any other cryptocurrency. It is meant for factual and educational purposes, with respect to certain aspects of BTC and its associated blockchain, for those who might be interested. Cryptocurrency is a high-risk investment and you should not expect to be protected if something goes wrong.\nMore For You\nAs stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.\nWhy it matters:\nStablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all.\nView Full Report","attrs_markdown":"Search\n\n\/\n\n- News\n- Video\n- [Prices](https:\/\/www.coindesk.com\/price)\n- [Research](https:\/\/www.coindesk.com\/research)\n- Consensus 2026\n- Data & Indices\n- [Sponsored](https:\/\/www.coindesk.com\/sponsored-content)\n\n[Learn](https:\/\/www.coindesk.com\/learn)\n\nShare\n\nShare this article\n\nCopy link\n\n[X (Twitter)](https:\/\/x.com\/intent\/tweet?utm_source=twitter&text=How+To+Buy+Bitcoin+https%3A%2F%2Fwww.coindesk.com%2Flearn%2Fhow-can-i-buy-bitcoin+via+%40coindesk&editorial=utm_content&social=utm_medium&organic=utm_term)\n\n[LinkedIn](https:\/\/www.linkedin.com\/shareArticle?utm_source=linkedin&mini=true&summary=With+bitcoin+adoption+continuing+to+rise%2C+it%E2%80%99s+now+possible+to+purchase+the+digital+asset+across+a+wide+range+of+exchanges%2C+brokerages+and+apps.&url=https%3A%2F%2Fwww.coindesk.com%2Flearn%2Fhow-can-i-buy-bitcoin&editorial=utm_content&social=utm_medium&organic=utm_term)\n\n[Facebook](https:\/\/www.facebook.com\/sharer\/sharer.php?utm_source=facebook&u=https%3A%2F%2Fwww.coindesk.com%2Flearn%2Fhow-can-i-buy-bitcoin&editorial=utm_content&social=utm_medium&organic=utm_term)\n\n[Email](https:\/\/www.coindesk.com\/cdn-cgi\/l\/email-protection#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)\n\n# How To Buy Bitcoin\n## With bitcoin adoption continuing to rise, it’s now possible to purchase the digital asset across a wide range of exchanges, brokerages and apps.\nBy [Noelle Acheson](https:\/\/www.coindesk.com\/author\/noelle-acheson), [John Biggs](https:\/\/www.coindesk.com\/author\/john-biggs), [Hoa Nguyen](https:\/\/www.coindesk.com\/author\/hoa-nguyen)\\|Edited by [Daniel Kuhn](https:\/\/www.coindesk.com\/author\/daniel-kuhn)\n\nUpdated May 16, 2024, 3:30 p.m. Published Sep 9, 2021, 1:10 p.m.\n\n[Make preferred on](https:\/\/www.google.com\/preferences\/source?q=coindesk.com)\n\n![Buying online with credit card (Shutterstock)](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fda0b52157501c5fd7302d587f7397bc2f62aa2a8-1440x1080.jpg%3Fauto%3Dformat&w=3840&q=75)\n\nBuying online with credit card (Shutterstock)\n\nSo you’ve learned the [basics of bitcoin](https:\/\/www.coindesk.com\/learn\/what-is-bitcoin\/), now you’re excited about its potential and want to buy some. But how?\n\nCompared with when Bitcoin first launched in 2009, buying cryptocurrency has gotten easier by the day. Today, you can purchase bitcoin directly on crypto exchanges, mobile payment apps, peer-to-peer marketplaces, Bitcoin ATMs and even on some traditional brokerage platforms. Bitcoin ETFs are also a viable option for those hesitant to hold actual bitcoin. The list is quite elaborate.\n\nYou can also opt to use hard cash, credit or debit cards, or wire transfers, depending on whom and where you are buying from.\n\nNow, before you buy your first bitcoin, you must decide how you want to store it. Think of this as having a bank account or physical wallet to keep your money.\n\nIn the case of bitcoin, you can use an online wallet in the form of an exchange platform or an independent provider, a mobile wallet, a desktop wallet or an offline wallet such as a hardware device or a paper wallet. You can find more information on bitcoin wallets and tips on how to use them [here](https:\/\/www.coindesk.com\/learn\/how-to-store-your-bitcoin\/).\n\nThat being said, here’s a quick rundown on how you can buy the leading cryptocurrency.\n\n## Cryptocurrency exchanges\nOne of the easiest ways to buy bitcoin is via cryptocurrency exchanges. As the name suggests, a crypto exchange is a platform that allows you to buy and sell cryptocurrencies using different traditional fiat money options or other digital currencies.\n\nTo buy bitcoin on a crypto exchange, you will need to open an account on the exchange platform. Chances are that you may also be required to go through some [know-your-customer (KYC) and anti-money-laundering (AML)](https:\/\/www.coindesk.com\/learn\/what-is-kyc-and-why-does-it-matter-for-crypto\/) procedures – these are just basic background checks so that the crypto exchange knows you are who you say you are. This typically entails submitting your official ID and sometimes your proof of address. On the flip side, some exchanges give you restricted access and benefits when you sign up with just your email without verifying your identity. This is a perfect option if you wish to stay anonymous and don’t plan to buy a large amount of bitcoin.\n\nSpeaking of crypto exchanges, while there are [hundreds](https:\/\/coinmarketcap.com\/rankings\/exchanges\/) of them to choose from, as a beginner, it is recommended that you stick with popular high-volume exchanges such as [Binance](http:\/\/binance.com\/), [Coinbase](https:\/\/www.coinbase.com\/), [Houbi](https:\/\/www.huobi.com\/) and [Kraken](https:\/\/www.kraken.com\/). However, it’s always advisable to conduct your own research before selecting a particular exchange to use. Some are available only to people from certain countries, while others are geared toward more experienced traders.\n\nOnce you’ve picked an exchange to use, the next step is to fund your account in order to purchase bitcoin. Most exchanges would allow you to fund your account through bank transfers, credit cards or PayPal.\n\n![shutterstock\\_222204883](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fd6bc4b804b8e8eb6e8950bc4433d8557d8b40c9c-1500x1257.jpg%3Fauto%3Dformat&w=3840&q=75)\n\nKeep in mind that most platforms will charge fees for certain funding options, such as credit card deposits. In addition to charging deposit fees, you will also need to pay a [fee](https:\/\/www.coindesk.com\/markets\/2019\/02\/14\/state-of-blockchains-bitcoin-btc-fees\/) for every transaction, to incentivize a bitcoin miner to process your transaction.\n\nRead more: [How Bitcoin Mining Works](https:\/\/www.coindesk.com\/learn\/bitcoin-101\/what-is-bitcoin)\n\nOnce your account is funded, you can then proceed to buy bitcoin on your chosen exchange.\n\nNote that the exchange will automatically generate a wallet for you. The downside of this is that you don’t have control over your private key – the key that determines who the true owner is of the cryptocurrency stored in the wallet – and could potentially lose some of all of your bitcoin if the [exchange is hacked](https:\/\/www.coindesk.com\/markets\/2020\/12\/25\/uk-crypto-exchange-exmo-says-4m-of-hacked-funds-was-through-poloniex\/). This, however, is a great option if you plan on exchanging your bitcoin for other cryptocurrencies and taking small profits from price swings.\n\nIf you plan to buy a significant amount of bitcoin without a plan to sell any time soon, you are better off moving your funds to an [offline or hardware wallet](https:\/\/www.coindesk.com\/learn\/what-is-bitcoin\/).\n\n## Bitcoin ETFs\nFor investors interested in bitcoin but hesitant to engage directly with cryptocurrencies, a [spot bitcoin exchange-traded fund (ETF)](https:\/\/www.coindesk.com\/learn\/bitcoin-etfs-explained-what-are-they-how-do-they-work\/) presents an attractive alternative. A spot bitcoin ETF tracks the price of bitcoin and allows investors to gain exposure to its price movements without owning bitcoin directly.\n\n***Read More: [Bitcoin ETFs Explained: What Are They & How Do They Work?](https:\/\/www.coindesk.com\/learn\/bitcoin-etfs-explained-what-are-they-how-do-they-work\/)***\n\nUnlike traditional ETFs that might invest in a range of assets, spot bitcoin ETFs directly track the price of bitcoin. They hold actual bitcoin, and their shares are traded on traditional stock exchanges. You can also gain exposure to bitcoin’s price movements by buying [bitcoin futures ETFs](https:\/\/www.coindesk.com\/learn\/what-is-a-bitcoin-futures-etf\/), which may be more easily available in different jurisdictions.\n\nInvestors interested in gaining exposure to bitcoin via ETFs should conduct thorough research to find the ETF that suits their investment goals and risk tolerance. Consider factors such as management fees, the track record of the ETF provider and how closely the ETF tracks the price of bitcoin.\n\nIf you already have a brokerage account, you can simply buy shares of a spot bitcoin ETF just as you would with any other stock. If you don’t have an account, you’ll need to set one up and fund it.\n\n## Mobile payment apps\nBitcoin's rise in popularity has significantly impacted the financial technology sector. Mobile payment apps such as Venmo, Cash App and PayPal have adapted to this trend by integrating services that enable users to buy, sell and hold bitcoin directly within their platforms.\n\nThese apps offer a convenient and accessible way to purchase bitcoin quickly from a mobile device. This approach may be suitable for individuals with limited knowledge of bitcoin who still seek exposure to it.\n\nHowever, there are drawbacks to this convenience. Like crypto exchanges, when you buy bitcoin on mobile payment apps, you don’t own the private keys to your bitcoin wallet, meaning less control over your cryptocurrency. Transactions may also incur fees that can be higher than those on dedicated crypto exchanges. However, most of these apps charge nothing if moving bitcoin to another account on the platform.\n\n## Peer-to-peer bitcoin markets\nWhile crypto exchanges may have grown to become the de facto way to buy bitcoin, you can also purchase the digital asset directly from other bitcoin owners via peer-to-peer platforms like [Paxful](https:\/\/paxful.com\/), [Binance P2P](https:\/\/p2p.binance.com\/trade\/all-payments\/USDT?fiat=AED) and [NoOnes](https:\/\/noones.com\/). This is also known as over-the-counter (OTC) trading.\n\nBuying bitcoin directly from individuals can be extremely risky. Meeting a complete stranger face to face to privately exchange money for cryptocurrency doesn’t always work out for the best. Platforms like Paxful, Binance P2P and NoOnes offer a much safer solution and use an in-house escrow service to ensure the exchange process runs smoothly.\n\nPeer-to-peer bitcoin markets may not be available in all countries. Geographic regulations can significantly impact the availability of peer-to-peer bitcoin exchanges. Regions with strict legal frameworks, stringent KYC and AML policies, complex taxation or onerous payment service laws can hinder the operation and accessibility of these platforms.\n\n## Bitcoin ATMs\nBitcoin ATMs operate similarly to regular cash ATMs. The main difference is they allow you to buy and sell bitcoin, as opposed to just withdrawing fiat. These devices will send bitcoin to your wallet in exchange for cash. All you need to do is feed in the bills, hold your wallet’s QR code up to a screen and the corresponding amount of bitcoin is beamed to your account.\n\nSeveral Bitcoin ATM companies have struck deals with third party ATM providers to make it possible to buy bitcoin in convenience stores, gas stations and on city blocks. [Coinatmradar](https:\/\/coinatmradar.com\/) can help you to find a Bitcoin ATM near you.\n\nA similar option to buying bitcoin via a Bitcoin ATM is to purchase gift cards like [Azteco](https:\/\/azte.co\/) or similar vouchers designed to buy and spend small amounts of crypto.\n\nAlthough Bitcoin ATMs are typically safe to use and a legitimate way to purchase bitcoin, they are unfortunately being taken advantage of by scammers. The [United States Federal Trade Commission](https:\/\/consumer.ftc.gov\/consumer-alerts\/2024\/03\/did-someone-send-you-bitcoin-atm-its-scam) has stated that scammers are impersonating legitimate government organizations or authorities and demanding payment via bitcoin purchased at Bitcoin ATMs, claiming it’s for taxes, fines or other official expenses. Victims believing they are dealing with a legitimate entity use the ATM to transfer bitcoin to the scammer. Never make a bitcoin purchase unless it is of your own volition. Never transfer bitcoin to a wallet that you do not have control over or access to, unless you are making a payment for goods or services.\n\n![bitcoin-atm-2](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F250728e2eabdd2dfdf9ba3b254834161657878a2-1420x916.jpg%3Fauto%3Dformat&w=3840&q=75)\n\n## Traditional stock brokers\nThanks to the growing popularity of bitcoin, several traditional brokers and FinTech brokerages now allow customers to buy and sell the digital asset on their platforms. Robinhood is a pioneer in this regard. It is the first mainstream investment broker to allow customers to purchase bitcoin on its platform, along with a selection of other cryptocurrencies. Its crypto arm, [Robinhood Crypto](https:\/\/robinhood.com\/us\/en\/about\/crypto\/), is also available in most states in the U.S. Similarly, you can also buy bitcoin on broker platforms such as [eToro](https:\/\/www.etoro.com\/) and [TradeStation](https:\/\/www.tradestation.com\/crypto\/).\n\nSeveral banks as well have begun [offering crypto trading desks](https:\/\/www.coindesk.com\/business\/2023\/11\/20\/santander-private-bank-introduces-bitcoin-ethereum-trading-for-swiss-clients\/), often for their high net worth clientele. Likewise, [financial advisers and wealth managers](https:\/\/www.coindesk.com\/newsletters\/crypto-for-advisors\/) may also be able to buy and hold bitcoin on their clients’ behalf.\n\n## How to securely store purchased bitcoin\nTransferring purchased bitcoin to a personal wallet is vital for ensuring security and control over one’s assets. Crypto exchanges and mobile payment apps, while convenient for trading, can be targets for hackers and may also face regulatory or internal issues, risking asset accessibility.\n\n***Read More: [Your First Crypto Wallet: What Is a Crypto Wallet and How to Use It](https:\/\/www.coindesk.com\/learn\/your-first-crypto-wallet-how-to-use-it-and-why-you-need-one\/)***\n\nPersonal bitcoin wallets grant users full control over their private keys, diminishing the threat of theft or loss due to a failure on the part of a crypto exchange or money transfer app.\n\nSecuring bitcoin in a personal wallet involves several key steps.\n\n- **Choose a reputable wallet:** Choose a well-known and secure bitcoin wallet. There are two main types of wallets: hot wallets (online wallets) and cold wallets (offline storage).\n- undefined\n- **Transfer your bitcoin:** After purchasing bitcoin through an exchange or app, transfer it to your wallet by following the prompts on the exchange or app. You will send the bitcoin from the crypto exchange or app to your personal bitcoin wallet using the public address of your wallet. Ensure the public address is correct. It is impossible to reverse a bitcoin transaction. This public address will be generated automatically when you set up your bitcoin wallet.\n- **Keep your private keys safe:** Having ownership of your own private keys allows you to access and control your bitcoin. Never share them with anyone and ensure they are stored securely. If using a cold wallet, make sure to keep it in a safe place where it will not be lost or stolen.\n- **Use strong passwords and 2FA:** For any online wallet or exchange, use strong, unique passwords and enable two-factor authentication to add an extra layer of security.\n\nEditor's Note: This article does not constitute investment advice and is not intended to invite or induce investment in bitcoin [BTC \\$70,046.42](https:\/\/www.coindesk.com\/price\/bitcoin) or any other cryptocurrency. It is meant for factual and educational purposes, with respect to certain aspects of BTC and its associated blockchain, for those who might be interested. Cryptocurrency is a high-risk investment and you should not expect to be protected if something goes wrong.\n\n[Beginner](https:\/\/www.coindesk.com\/tag\/beginner)[Bitcoin News](https:\/\/www.coindesk.com\/tag\/bitcoin)[Learn](https:\/\/www.coindesk.com\/tag\/learn)\n\nMore For You\n\n[The Definitive Stablecoin Landscape Series: North America](https:\/\/www.coindesk.com\/research\/the-definitive-stablecoin-landscape-series-north-america)\n\nBy [CoinDesk Research](https:\/\/www.coindesk.com\/author\/coindesk-research)\n\n14 hours ago\n\n![ logo](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F499e968d7b65c81ec13f50e15a23b78e76c64ddc-1024x263.png%3Fw%3D192%26h%3D64&w=256&q=75)\n\nCommissioned by[Ripple](https:\/\/ripple.com\/)\n\n[![16x9 Image Stablecoin Landscape Series](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fe41ef038d45a3ef0a8e9e529dd13ed183d8975a9-1920x1080.png%3Fauto%3Dformat&w=3840&q=75)](https:\/\/www.coindesk.com\/research\/the-definitive-stablecoin-landscape-series-north-america)\n\nAs stablecoins evolve into core financial infrastructure, North America leads. 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(Nikhilesh De)](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fe0b3f47a11f708d059ae0c66347141f268b3efcd-6000x3376.jpg%3Fauto%3Dformat&w=2048&q=75)Strategy’s 11.5% dividend equity bounces back faster than historical average to unlock more bitcoin buying 9 hours ago](https:\/\/www.coindesk.com\/markets\/2026\/03\/26\/strategy-s-11-5-dividend-equity-bounces-back-faster-than-hostorical-average-to-unlock-more-bitcoin-buying)\n\n[![Coinbase CEO Brian Armstrong at the White House](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F03ab15a46a49d90cd40a30c7756dd0610bc6a533-3645x2050.jpg%3Frect%3D0%2C0%2C3644%2C2050%26w%3D1920%26h%3D1080%26auto%3Dformat&w=2048&q=75)Market structure bill compromise draws wide-ranging reaction from fractured crypto crowd Mar 25, 2026](https:\/\/www.coindesk.com\/policy\/2026\/03\/25\/market-structure-bill-compromise-draws-wide-ranging-reaction-from-fractured-crypto-crowd)\n\n#### In this article\n[![BTC](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fresources.cryptocompare.com%2Fasset-management%2F1%2F1756822117897.png&w=64&q=75)BTCBTC\\$70,046.42◢1\\.20%](https:\/\/www.coindesk.com\/price\/btc)\n***\n***\nAbout\n\n- [About Us](https:\/\/www.coindesk.com\/about)\n- [Masthead](https:\/\/www.coindesk.com\/masthead)\n- [Careers](https:\/\/bullish.wd3.myworkdayjobs.com\/CoinDesk)\n- [Blog](https:\/\/data.coindesk.com\/blogs)\n- [Investor Relations](https:\/\/investors.bullish.com\/overview\/default.aspx)\n\nContact\n\n- [Contact Us](https:\/\/www.coindesk.com\/contact-us)\n- [Accessibility](https:\/\/www.coindesk.com\/accessibility-help)\n- [Advertise](https:\/\/www.coindesk.com\/advertise)\n- [Sitemap](https:\/\/www.coindesk.com\/sitemap)\n- [System 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Its journalists abide by a strict set of [editorial policies](https:\/\/www.coindesk.com\/ethics). CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of [Bullish](https:\/\/www.bullish.com\/) (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.\n\n[CoinDesk 20\\$1,968.022.69%](https:\/\/www.coindesk.com\/price\/cd20)\n\n[Bitcoin\\$68,549.762.04%](https:\/\/www.coindesk.com\/price\/bitcoin)\n\n[Ethereum\\$2,052.283.12%](https:\/\/www.coindesk.com\/price\/ethereum)\n\n[XRP\\$1.361.78%](https:\/\/www.coindesk.com\/price\/xrp)\n\n[Solana\\$86.133.45%](https:\/\/www.coindesk.com\/price\/solana)","attrs_readable_markdown":"## With bitcoin adoption continuing to rise, it’s now possible to purchase the digital asset across a wide range of exchanges, brokerages and apps.\nUpdated May 16, 2024, 3:30 p.m. Published Sep 9, 2021, 1:10 p.m.\n\n[Make preferred on](https:\/\/www.google.com\/preferences\/source?q=coindesk.com)\n\nSo you’ve learned the [basics of bitcoin](https:\/\/www.coindesk.com\/learn\/what-is-bitcoin\/), now you’re excited about its potential and want to buy some. But how?\n\nCompared with when Bitcoin first launched in 2009, buying cryptocurrency has gotten easier by the day. Today, you can purchase bitcoin directly on crypto exchanges, mobile payment apps, peer-to-peer marketplaces, Bitcoin ATMs and even on some traditional brokerage platforms. Bitcoin ETFs are also a viable option for those hesitant to hold actual bitcoin. The list is quite elaborate.\n\nYou can also opt to use hard cash, credit or debit cards, or wire transfers, depending on whom and where you are buying from.\n\nNow, before you buy your first bitcoin, you must decide how you want to store it. Think of this as having a bank account or physical wallet to keep your money.\n\nIn the case of bitcoin, you can use an online wallet in the form of an exchange platform or an independent provider, a mobile wallet, a desktop wallet or an offline wallet such as a hardware device or a paper wallet. You can find more information on bitcoin wallets and tips on how to use them [here](https:\/\/www.coindesk.com\/learn\/how-to-store-your-bitcoin\/).\n\nThat being said, here’s a quick rundown on how you can buy the leading cryptocurrency.\n\n## Cryptocurrency exchanges\nOne of the easiest ways to buy bitcoin is via cryptocurrency exchanges. As the name suggests, a crypto exchange is a platform that allows you to buy and sell cryptocurrencies using different traditional fiat money options or other digital currencies.\n\nTo buy bitcoin on a crypto exchange, you will need to open an account on the exchange platform. Chances are that you may also be required to go through some [know-your-customer (KYC) and anti-money-laundering (AML)](https:\/\/www.coindesk.com\/learn\/what-is-kyc-and-why-does-it-matter-for-crypto\/) procedures – these are just basic background checks so that the crypto exchange knows you are who you say you are. This typically entails submitting your official ID and sometimes your proof of address. On the flip side, some exchanges give you restricted access and benefits when you sign up with just your email without verifying your identity. This is a perfect option if you wish to stay anonymous and don’t plan to buy a large amount of bitcoin.\n\nSpeaking of crypto exchanges, while there are [hundreds](https:\/\/coinmarketcap.com\/rankings\/exchanges\/) of them to choose from, as a beginner, it is recommended that you stick with popular high-volume exchanges such as [Binance](http:\/\/binance.com\/), [Coinbase](https:\/\/www.coinbase.com\/), [Houbi](https:\/\/www.huobi.com\/) and [Kraken](https:\/\/www.kraken.com\/). However, it’s always advisable to conduct your own research before selecting a particular exchange to use. Some are available only to people from certain countries, while others are geared toward more experienced traders.\n\nOnce you’ve picked an exchange to use, the next step is to fund your account in order to purchase bitcoin. Most exchanges would allow you to fund your account through bank transfers, credit cards or PayPal.\n\n![shutterstock\\_222204883](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fd6bc4b804b8e8eb6e8950bc4433d8557d8b40c9c-1500x1257.jpg%3Fauto%3Dformat&w=3840&q=75)\n\nKeep in mind that most platforms will charge fees for certain funding options, such as credit card deposits. In addition to charging deposit fees, you will also need to pay a [fee](https:\/\/www.coindesk.com\/markets\/2019\/02\/14\/state-of-blockchains-bitcoin-btc-fees\/) for every transaction, to incentivize a bitcoin miner to process your transaction.\n\nRead more: [How Bitcoin Mining Works](https:\/\/www.coindesk.com\/learn\/bitcoin-101\/what-is-bitcoin)\n\nOnce your account is funded, you can then proceed to buy bitcoin on your chosen exchange.\n\nNote that the exchange will automatically generate a wallet for you. The downside of this is that you don’t have control over your private key – the key that determines who the true owner is of the cryptocurrency stored in the wallet – and could potentially lose some of all of your bitcoin if the [exchange is hacked](https:\/\/www.coindesk.com\/markets\/2020\/12\/25\/uk-crypto-exchange-exmo-says-4m-of-hacked-funds-was-through-poloniex\/). This, however, is a great option if you plan on exchanging your bitcoin for other cryptocurrencies and taking small profits from price swings.\n\nIf you plan to buy a significant amount of bitcoin without a plan to sell any time soon, you are better off moving your funds to an [offline or hardware wallet](https:\/\/www.coindesk.com\/learn\/what-is-bitcoin\/).\n\n## Bitcoin ETFs\nFor investors interested in bitcoin but hesitant to engage directly with cryptocurrencies, a [spot bitcoin exchange-traded fund (ETF)](https:\/\/www.coindesk.com\/learn\/bitcoin-etfs-explained-what-are-they-how-do-they-work\/) presents an attractive alternative. A spot bitcoin ETF tracks the price of bitcoin and allows investors to gain exposure to its price movements without owning bitcoin directly.\n\n***Read More: [Bitcoin ETFs Explained: What Are They & How Do They Work?](https:\/\/www.coindesk.com\/learn\/bitcoin-etfs-explained-what-are-they-how-do-they-work\/)***\n\nUnlike traditional ETFs that might invest in a range of assets, spot bitcoin ETFs directly track the price of bitcoin. They hold actual bitcoin, and their shares are traded on traditional stock exchanges. You can also gain exposure to bitcoin’s price movements by buying [bitcoin futures ETFs](https:\/\/www.coindesk.com\/learn\/what-is-a-bitcoin-futures-etf\/), which may be more easily available in different jurisdictions.\n\nInvestors interested in gaining exposure to bitcoin via ETFs should conduct thorough research to find the ETF that suits their investment goals and risk tolerance. Consider factors such as management fees, the track record of the ETF provider and how closely the ETF tracks the price of bitcoin.\n\nIf you already have a brokerage account, you can simply buy shares of a spot bitcoin ETF just as you would with any other stock. If you don’t have an account, you’ll need to set one up and fund it.\n\n## Mobile payment apps\nBitcoin's rise in popularity has significantly impacted the financial technology sector. Mobile payment apps such as Venmo, Cash App and PayPal have adapted to this trend by integrating services that enable users to buy, sell and hold bitcoin directly within their platforms.\n\nThese apps offer a convenient and accessible way to purchase bitcoin quickly from a mobile device. This approach may be suitable for individuals with limited knowledge of bitcoin who still seek exposure to it.\n\nHowever, there are drawbacks to this convenience. Like crypto exchanges, when you buy bitcoin on mobile payment apps, you don’t own the private keys to your bitcoin wallet, meaning less control over your cryptocurrency. Transactions may also incur fees that can be higher than those on dedicated crypto exchanges. However, most of these apps charge nothing if moving bitcoin to another account on the platform.\n\n## Peer-to-peer bitcoin markets\nWhile crypto exchanges may have grown to become the de facto way to buy bitcoin, you can also purchase the digital asset directly from other bitcoin owners via peer-to-peer platforms like [Paxful](https:\/\/paxful.com\/), [Binance P2P](https:\/\/p2p.binance.com\/trade\/all-payments\/USDT?fiat=AED) and [NoOnes](https:\/\/noones.com\/). This is also known as over-the-counter (OTC) trading.\n\nBuying bitcoin directly from individuals can be extremely risky. Meeting a complete stranger face to face to privately exchange money for cryptocurrency doesn’t always work out for the best. Platforms like Paxful, Binance P2P and NoOnes offer a much safer solution and use an in-house escrow service to ensure the exchange process runs smoothly.\n\nPeer-to-peer bitcoin markets may not be available in all countries. Geographic regulations can significantly impact the availability of peer-to-peer bitcoin exchanges. Regions with strict legal frameworks, stringent KYC and AML policies, complex taxation or onerous payment service laws can hinder the operation and accessibility of these platforms.\n\n## Bitcoin ATMs\nBitcoin ATMs operate similarly to regular cash ATMs. The main difference is they allow you to buy and sell bitcoin, as opposed to just withdrawing fiat. These devices will send bitcoin to your wallet in exchange for cash. All you need to do is feed in the bills, hold your wallet’s QR code up to a screen and the corresponding amount of bitcoin is beamed to your account.\n\nSeveral Bitcoin ATM companies have struck deals with third party ATM providers to make it possible to buy bitcoin in convenience stores, gas stations and on city blocks. [Coinatmradar](https:\/\/coinatmradar.com\/) can help you to find a Bitcoin ATM near you.\n\nA similar option to buying bitcoin via a Bitcoin ATM is to purchase gift cards like [Azteco](https:\/\/azte.co\/) or similar vouchers designed to buy and spend small amounts of crypto.\n\nAlthough Bitcoin ATMs are typically safe to use and a legitimate way to purchase bitcoin, they are unfortunately being taken advantage of by scammers. The [United States Federal Trade Commission](https:\/\/consumer.ftc.gov\/consumer-alerts\/2024\/03\/did-someone-send-you-bitcoin-atm-its-scam) has stated that scammers are impersonating legitimate government organizations or authorities and demanding payment via bitcoin purchased at Bitcoin ATMs, claiming it’s for taxes, fines or other official expenses. Victims believing they are dealing with a legitimate entity use the ATM to transfer bitcoin to the scammer. Never make a bitcoin purchase unless it is of your own volition. Never transfer bitcoin to a wallet that you do not have control over or access to, unless you are making a payment for goods or services.\n\n![bitcoin-atm-2](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F250728e2eabdd2dfdf9ba3b254834161657878a2-1420x916.jpg%3Fauto%3Dformat&w=3840&q=75)\n\n## Traditional stock brokers\nThanks to the growing popularity of bitcoin, several traditional brokers and FinTech brokerages now allow customers to buy and sell the digital asset on their platforms. Robinhood is a pioneer in this regard. It is the first mainstream investment broker to allow customers to purchase bitcoin on its platform, along with a selection of other cryptocurrencies. Its crypto arm, [Robinhood Crypto](https:\/\/robinhood.com\/us\/en\/about\/crypto\/), is also available in most states in the U.S. Similarly, you can also buy bitcoin on broker platforms such as [eToro](https:\/\/www.etoro.com\/) and [TradeStation](https:\/\/www.tradestation.com\/crypto\/).\n\nSeveral banks as well have begun [offering crypto trading desks](https:\/\/www.coindesk.com\/business\/2023\/11\/20\/santander-private-bank-introduces-bitcoin-ethereum-trading-for-swiss-clients\/), often for their high net worth clientele. Likewise, [financial advisers and wealth managers](https:\/\/www.coindesk.com\/newsletters\/crypto-for-advisors\/) may also be able to buy and hold bitcoin on their clients’ behalf.\n\n## How to securely store purchased bitcoin\nTransferring purchased bitcoin to a personal wallet is vital for ensuring security and control over one’s assets. Crypto exchanges and mobile payment apps, while convenient for trading, can be targets for hackers and may also face regulatory or internal issues, risking asset accessibility.\n\n***Read More: [Your First Crypto Wallet: What Is a Crypto Wallet and How to Use It](https:\/\/www.coindesk.com\/learn\/your-first-crypto-wallet-how-to-use-it-and-why-you-need-one\/)***\n\nPersonal bitcoin wallets grant users full control over their private keys, diminishing the threat of theft or loss due to a failure on the part of a crypto exchange or money transfer app.\n\nSecuring bitcoin in a personal wallet involves several key steps.\n\n- **Choose a reputable wallet:** Choose a well-known and secure bitcoin wallet. There are two main types of wallets: hot wallets (online wallets) and cold wallets (offline storage).\n- undefined\n- **Transfer your bitcoin:** After purchasing bitcoin through an exchange or app, transfer it to your wallet by following the prompts on the exchange or app. You will send the bitcoin from the crypto exchange or app to your personal bitcoin wallet using the public address of your wallet. Ensure the public address is correct. It is impossible to reverse a bitcoin transaction. This public address will be generated automatically when you set up your bitcoin wallet.\n- **Keep your private keys safe:** Having ownership of your own private keys allows you to access and control your bitcoin. Never share them with anyone and ensure they are stored securely. If using a cold wallet, make sure to keep it in a safe place where it will not be lost or stolen.\n- **Use strong passwords and 2FA:** For any online wallet or exchange, use strong, unique passwords and enable two-factor authentication to add an extra layer of security.\n\nEditor's Note: This article does not constitute investment advice and is not intended to invite or induce investment in bitcoin [BTC \\$70,046.42](https:\/\/www.coindesk.com\/price\/bitcoin) or any other cryptocurrency. It is meant for factual and educational purposes, with respect to certain aspects of BTC and its associated blockchain, for those who might be interested. Cryptocurrency is a high-risk investment and you should not expect to be protected if something goes wrong.\n\nMore For You\n\n[![16x9 Image Stablecoin Landscape Series](https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fe41ef038d45a3ef0a8e9e529dd13ed183d8975a9-1920x1080.png%3Fauto%3Dformat&w=3840&q=75)](https:\/\/www.coindesk.com\/research\/the-definitive-stablecoin-landscape-series-north-america)\n\nAs stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.\n\nWhy it matters:\n\nStablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing \\$1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all.\n\n[View Full Report](https:\/\/www.coindesk.com\/research\/the-definitive-stablecoin-landscape-series-north-america)","meta_canonical":null}

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Boilerpipe Text	With bitcoin adoption continuing to rise, it’s now possible to purchase the digital asset across a wide range of exchanges, brokerages and apps. Updated May 16, 2024, 3:30 p.m. Published Sep 9, 2021, 1:10 p.m. Make preferred on So you’ve learned the basics of bitcoin , now you’re excited about its potential and want to buy some. But how? Compared with when Bitcoin first launched in 2009, buying cryptocurrency has gotten easier by the day. Today, you can purchase bitcoin directly on crypto exchanges, mobile payment apps, peer-to-peer marketplaces, Bitcoin ATMs and even on some traditional brokerage platforms. Bitcoin ETFs are also a viable option for those hesitant to hold actual bitcoin. The list is quite elaborate. You can also opt to use hard cash, credit or debit cards, or wire transfers, depending on whom and where you are buying from. Now, before you buy your first bitcoin, you must decide how you want to store it. Think of this as having a bank account or physical wallet to keep your money. In the case of bitcoin, you can use an online wallet in the form of an exchange platform or an independent provider, a mobile wallet, a desktop wallet or an offline wallet such as a hardware device or a paper wallet. You can find more information on bitcoin wallets and tips on how to use them here . That being said, here’s a quick rundown on how you can buy the leading cryptocurrency. Cryptocurrency exchanges One of the easiest ways to buy bitcoin is via cryptocurrency exchanges. As the name suggests, a crypto exchange is a platform that allows you to buy and sell cryptocurrencies using different traditional fiat money options or other digital currencies. To buy bitcoin on a crypto exchange, you will need to open an account on the exchange platform. Chances are that you may also be required to go through some know-your-customer (KYC) and anti-money-laundering (AML) procedures – these are just basic background checks so that the crypto exchange knows you are who you say you are. This typically entails submitting your official ID and sometimes your proof of address. On the flip side, some exchanges give you restricted access and benefits when you sign up with just your email without verifying your identity. This is a perfect option if you wish to stay anonymous and don’t plan to buy a large amount of bitcoin. Speaking of crypto exchanges, while there are hundreds of them to choose from, as a beginner, it is recommended that you stick with popular high-volume exchanges such as Binance , Coinbase , Houbi and Kraken . However, it’s always advisable to conduct your own research before selecting a particular exchange to use. Some are available only to people from certain countries, while others are geared toward more experienced traders. Once you’ve picked an exchange to use, the next step is to fund your account in order to purchase bitcoin. Most exchanges would allow you to fund your account through bank transfers, credit cards or PayPal. Keep in mind that most platforms will charge fees for certain funding options, such as credit card deposits. In addition to charging deposit fees, you will also need to pay a fee for every transaction, to incentivize a bitcoin miner to process your transaction. Read more: How Bitcoin Mining Works Once your account is funded, you can then proceed to buy bitcoin on your chosen exchange. Note that the exchange will automatically generate a wallet for you. The downside of this is that you don’t have control over your private key – the key that determines who the true owner is of the cryptocurrency stored in the wallet – and could potentially lose some of all of your bitcoin if the exchange is hacked . This, however, is a great option if you plan on exchanging your bitcoin for other cryptocurrencies and taking small profits from price swings. If you plan to buy a significant amount of bitcoin without a plan to sell any time soon, you are better off moving your funds to an offline or hardware wallet . Bitcoin ETFs For investors interested in bitcoin but hesitant to engage directly with cryptocurrencies, a spot bitcoin exchange-traded fund (ETF) presents an attractive alternative. A spot bitcoin ETF tracks the price of bitcoin and allows investors to gain exposure to its price movements without owning bitcoin directly. Read More: Bitcoin ETFs Explained: What Are They & How Do They Work? Unlike traditional ETFs that might invest in a range of assets, spot bitcoin ETFs directly track the price of bitcoin. They hold actual bitcoin, and their shares are traded on traditional stock exchanges. You can also gain exposure to bitcoin’s price movements by buying bitcoin futures ETFs , which may be more easily available in different jurisdictions. Investors interested in gaining exposure to bitcoin via ETFs should conduct thorough research to find the ETF that suits their investment goals and risk tolerance. Consider factors such as management fees, the track record of the ETF provider and how closely the ETF tracks the price of bitcoin. If you already have a brokerage account, you can simply buy shares of a spot bitcoin ETF just as you would with any other stock. If you don’t have an account, you’ll need to set one up and fund it. Mobile payment apps Bitcoin's rise in popularity has significantly impacted the financial technology sector. Mobile payment apps such as Venmo, Cash App and PayPal have adapted to this trend by integrating services that enable users to buy, sell and hold bitcoin directly within their platforms. These apps offer a convenient and accessible way to purchase bitcoin quickly from a mobile device. This approach may be suitable for individuals with limited knowledge of bitcoin who still seek exposure to it. However, there are drawbacks to this convenience. Like crypto exchanges, when you buy bitcoin on mobile payment apps, you don’t own the private keys to your bitcoin wallet, meaning less control over your cryptocurrency. Transactions may also incur fees that can be higher than those on dedicated crypto exchanges. However, most of these apps charge nothing if moving bitcoin to another account on the platform. Peer-to-peer bitcoin markets While crypto exchanges may have grown to become the de facto way to buy bitcoin, you can also purchase the digital asset directly from other bitcoin owners via peer-to-peer platforms like Paxful , Binance P2P and NoOnes . This is also known as over-the-counter (OTC) trading. Buying bitcoin directly from individuals can be extremely risky. Meeting a complete stranger face to face to privately exchange money for cryptocurrency doesn’t always work out for the best. Platforms like Paxful, Binance P2P and NoOnes offer a much safer solution and use an in-house escrow service to ensure the exchange process runs smoothly. Peer-to-peer bitcoin markets may not be available in all countries. Geographic regulations can significantly impact the availability of peer-to-peer bitcoin exchanges. Regions with strict legal frameworks, stringent KYC and AML policies, complex taxation or onerous payment service laws can hinder the operation and accessibility of these platforms. Bitcoin ATMs Bitcoin ATMs operate similarly to regular cash ATMs. The main difference is they allow you to buy and sell bitcoin, as opposed to just withdrawing fiat. These devices will send bitcoin to your wallet in exchange for cash. All you need to do is feed in the bills, hold your wallet’s QR code up to a screen and the corresponding amount of bitcoin is beamed to your account. Several Bitcoin ATM companies have struck deals with third party ATM providers to make it possible to buy bitcoin in convenience stores, gas stations and on city blocks. Coinatmradar can help you to find a Bitcoin ATM near you. A similar option to buying bitcoin via a Bitcoin ATM is to purchase gift cards like Azteco or similar vouchers designed to buy and spend small amounts of crypto. Although Bitcoin ATMs are typically safe to use and a legitimate way to purchase bitcoin, they are unfortunately being taken advantage of by scammers. The United States Federal Trade Commission has stated that scammers are impersonating legitimate government organizations or authorities and demanding payment via bitcoin purchased at Bitcoin ATMs, claiming it’s for taxes, fines or other official expenses. Victims believing they are dealing with a legitimate entity use the ATM to transfer bitcoin to the scammer. Never make a bitcoin purchase unless it is of your own volition. Never transfer bitcoin to a wallet that you do not have control over or access to, unless you are making a payment for goods or services. Traditional stock brokers Thanks to the growing popularity of bitcoin, several traditional brokers and FinTech brokerages now allow customers to buy and sell the digital asset on their platforms. Robinhood is a pioneer in this regard. It is the first mainstream investment broker to allow customers to purchase bitcoin on its platform, along with a selection of other cryptocurrencies. Its crypto arm, Robinhood Crypto , is also available in most states in the U.S. Similarly, you can also buy bitcoin on broker platforms such as eToro and TradeStation . Several banks as well have begun offering crypto trading desks , often for their high net worth clientele. Likewise, financial advisers and wealth managers may also be able to buy and hold bitcoin on their clients’ behalf. How to securely store purchased bitcoin Transferring purchased bitcoin to a personal wallet is vital for ensuring security and control over one’s assets. Crypto exchanges and mobile payment apps, while convenient for trading, can be targets for hackers and may also face regulatory or internal issues, risking asset accessibility. Read More: Your First Crypto Wallet: What Is a Crypto Wallet and How to Use It Personal bitcoin wallets grant users full control over their private keys, diminishing the threat of theft or loss due to a failure on the part of a crypto exchange or money transfer app. Securing bitcoin in a personal wallet involves several key steps. Choose a reputable wallet: Choose a well-known and secure bitcoin wallet. There are two main types of wallets: hot wallets (online wallets) and cold wallets (offline storage). undefined Transfer your bitcoin: After purchasing bitcoin through an exchange or app, transfer it to your wallet by following the prompts on the exchange or app. You will send the bitcoin from the crypto exchange or app to your personal bitcoin wallet using the public address of your wallet. Ensure the public address is correct. It is impossible to reverse a bitcoin transaction. This public address will be generated automatically when you set up your bitcoin wallet. Keep your private keys safe: Having ownership of your own private keys allows you to access and control your bitcoin. Never share them with anyone and ensure they are stored securely. If using a cold wallet, make sure to keep it in a safe place where it will not be lost or stolen. Use strong passwords and 2FA: For any online wallet or exchange, use strong, unique passwords and enable two-factor authentication to add an extra layer of security. Editor's Note: This article does not constitute investment advice and is not intended to invite or induce investment in bitcoin BTC $70,046.42 or any other cryptocurrency. It is meant for factual and educational purposes, with respect to certain aspects of BTC and its associated blockchain, for those who might be interested. Cryptocurrency is a high-risk investment and you should not expect to be protected if something goes wrong. More For You As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption. Why it matters: Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all. View Full Report
Markdown	Search / - News - Video - [Prices](https://www.coindesk.com/price) - [Research](https://www.coindesk.com/research) - Consensus 2026 - Data & Indices - [Sponsored](https://www.coindesk.com/sponsored-content) [Learn](https://www.coindesk.com/learn) Share Share this article Copy link [X (Twitter)](https://x.com/intent/tweet?utm_source=twitter&text=How+To+Buy+Bitcoin+https%3A%2F%2Fwww.coindesk.com%2Flearn%2Fhow-can-i-buy-bitcoin+via+%40coindesk&editorial=utm_content&social=utm_medium&organic=utm_term) [LinkedIn](https://www.linkedin.com/shareArticle?utm_source=linkedin&mini=true&summary=With+bitcoin+adoption+continuing+to+rise%2C+it%E2%80%99s+now+possible+to+purchase+the+digital+asset+across+a+wide+range+of+exchanges%2C+brokerages+and+apps.&url=https%3A%2F%2Fwww.coindesk.com%2Flearn%2Fhow-can-i-buy-bitcoin&editorial=utm_content&social=utm_medium&organic=utm_term) [Facebook](https://www.facebook.com/sharer/sharer.php?utm_source=facebook&u=https%3A%2F%2Fwww.coindesk.com%2Flearn%2Fhow-can-i-buy-bitcoin&editorial=utm_content&social=utm_medium&organic=utm_term) [Email](https://www.coindesk.com/cdn-cgi/l/email-protection#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) # How To Buy Bitcoin ## With bitcoin adoption continuing to rise, it’s now possible to purchase the digital asset across a wide range of exchanges, brokerages and apps. By [Noelle Acheson](https://www.coindesk.com/author/noelle-acheson), [John Biggs](https://www.coindesk.com/author/john-biggs), [Hoa Nguyen](https://www.coindesk.com/author/hoa-nguyen)\\|Edited by [Daniel Kuhn](https://www.coindesk.com/author/daniel-kuhn) Updated May 16, 2024, 3:30 p.m. Published Sep 9, 2021, 1:10 p.m. [Make preferred on](https://www.google.com/preferences/source?q=coindesk.com) ![Buying online with credit card (Shutterstock)](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fda0b52157501c5fd7302d587f7397bc2f62aa2a8-1440x1080.jpg%3Fauto%3Dformat&w=3840&q=75) Buying online with credit card (Shutterstock) So you’ve learned the [basics of bitcoin](https://www.coindesk.com/learn/what-is-bitcoin/), now you’re excited about its potential and want to buy some. But how? Compared with when Bitcoin first launched in 2009, buying cryptocurrency has gotten easier by the day. Today, you can purchase bitcoin directly on crypto exchanges, mobile payment apps, peer-to-peer marketplaces, Bitcoin ATMs and even on some traditional brokerage platforms. Bitcoin ETFs are also a viable option for those hesitant to hold actual bitcoin. The list is quite elaborate. You can also opt to use hard cash, credit or debit cards, or wire transfers, depending on whom and where you are buying from. Now, before you buy your first bitcoin, you must decide how you want to store it. Think of this as having a bank account or physical wallet to keep your money. In the case of bitcoin, you can use an online wallet in the form of an exchange platform or an independent provider, a mobile wallet, a desktop wallet or an offline wallet such as a hardware device or a paper wallet. You can find more information on bitcoin wallets and tips on how to use them [here](https://www.coindesk.com/learn/how-to-store-your-bitcoin/). That being said, here’s a quick rundown on how you can buy the leading cryptocurrency. ## Cryptocurrency exchanges One of the easiest ways to buy bitcoin is via cryptocurrency exchanges. As the name suggests, a crypto exchange is a platform that allows you to buy and sell cryptocurrencies using different traditional fiat money options or other digital currencies. To buy bitcoin on a crypto exchange, you will need to open an account on the exchange platform. Chances are that you may also be required to go through some [know-your-customer (KYC) and anti-money-laundering (AML)](https://www.coindesk.com/learn/what-is-kyc-and-why-does-it-matter-for-crypto/) procedures – these are just basic background checks so that the crypto exchange knows you are who you say you are. This typically entails submitting your official ID and sometimes your proof of address. On the flip side, some exchanges give you restricted access and benefits when you sign up with just your email without verifying your identity. This is a perfect option if you wish to stay anonymous and don’t plan to buy a large amount of bitcoin. Speaking of crypto exchanges, while there are [hundreds](https://coinmarketcap.com/rankings/exchanges/) of them to choose from, as a beginner, it is recommended that you stick with popular high-volume exchanges such as [Binance](http://binance.com/), [Coinbase](https://www.coinbase.com/), [Houbi](https://www.huobi.com/) and [Kraken](https://www.kraken.com/). However, it’s always advisable to conduct your own research before selecting a particular exchange to use. Some are available only to people from certain countries, while others are geared toward more experienced traders. Once you’ve picked an exchange to use, the next step is to fund your account in order to purchase bitcoin. Most exchanges would allow you to fund your account through bank transfers, credit cards or PayPal. ![shutterstock\_222204883](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fd6bc4b804b8e8eb6e8950bc4433d8557d8b40c9c-1500x1257.jpg%3Fauto%3Dformat&w=3840&q=75) Keep in mind that most platforms will charge fees for certain funding options, such as credit card deposits. In addition to charging deposit fees, you will also need to pay a [fee](https://www.coindesk.com/markets/2019/02/14/state-of-blockchains-bitcoin-btc-fees/) for every transaction, to incentivize a bitcoin miner to process your transaction. Read more: [How Bitcoin Mining Works](https://www.coindesk.com/learn/bitcoin-101/what-is-bitcoin) Once your account is funded, you can then proceed to buy bitcoin on your chosen exchange. Note that the exchange will automatically generate a wallet for you. The downside of this is that you don’t have control over your private key – the key that determines who the true owner is of the cryptocurrency stored in the wallet – and could potentially lose some of all of your bitcoin if the [exchange is hacked](https://www.coindesk.com/markets/2020/12/25/uk-crypto-exchange-exmo-says-4m-of-hacked-funds-was-through-poloniex/). This, however, is a great option if you plan on exchanging your bitcoin for other cryptocurrencies and taking small profits from price swings. If you plan to buy a significant amount of bitcoin without a plan to sell any time soon, you are better off moving your funds to an [offline or hardware wallet](https://www.coindesk.com/learn/what-is-bitcoin/). ## Bitcoin ETFs For investors interested in bitcoin but hesitant to engage directly with cryptocurrencies, a [spot bitcoin exchange-traded fund (ETF)](https://www.coindesk.com/learn/bitcoin-etfs-explained-what-are-they-how-do-they-work/) presents an attractive alternative. A spot bitcoin ETF tracks the price of bitcoin and allows investors to gain exposure to its price movements without owning bitcoin directly. *Read More: [Bitcoin ETFs Explained: What Are They & How Do They Work?](https://www.coindesk.com/learn/bitcoin-etfs-explained-what-are-they-how-do-they-work/)* Unlike traditional ETFs that might invest in a range of assets, spot bitcoin ETFs directly track the price of bitcoin. They hold actual bitcoin, and their shares are traded on traditional stock exchanges. You can also gain exposure to bitcoin’s price movements by buying [bitcoin futures ETFs](https://www.coindesk.com/learn/what-is-a-bitcoin-futures-etf/), which may be more easily available in different jurisdictions. Investors interested in gaining exposure to bitcoin via ETFs should conduct thorough research to find the ETF that suits their investment goals and risk tolerance. Consider factors such as management fees, the track record of the ETF provider and how closely the ETF tracks the price of bitcoin. If you already have a brokerage account, you can simply buy shares of a spot bitcoin ETF just as you would with any other stock. If you don’t have an account, you’ll need to set one up and fund it. ## Mobile payment apps Bitcoin's rise in popularity has significantly impacted the financial technology sector. Mobile payment apps such as Venmo, Cash App and PayPal have adapted to this trend by integrating services that enable users to buy, sell and hold bitcoin directly within their platforms. These apps offer a convenient and accessible way to purchase bitcoin quickly from a mobile device. This approach may be suitable for individuals with limited knowledge of bitcoin who still seek exposure to it. However, there are drawbacks to this convenience. Like crypto exchanges, when you buy bitcoin on mobile payment apps, you don’t own the private keys to your bitcoin wallet, meaning less control over your cryptocurrency. Transactions may also incur fees that can be higher than those on dedicated crypto exchanges. However, most of these apps charge nothing if moving bitcoin to another account on the platform. ## Peer-to-peer bitcoin markets While crypto exchanges may have grown to become the de facto way to buy bitcoin, you can also purchase the digital asset directly from other bitcoin owners via peer-to-peer platforms like [Paxful](https://paxful.com/), [Binance P2P](https://p2p.binance.com/trade/all-payments/USDT?fiat=AED) and [NoOnes](https://noones.com/). This is also known as over-the-counter (OTC) trading. Buying bitcoin directly from individuals can be extremely risky. Meeting a complete stranger face to face to privately exchange money for cryptocurrency doesn’t always work out for the best. Platforms like Paxful, Binance P2P and NoOnes offer a much safer solution and use an in-house escrow service to ensure the exchange process runs smoothly. Peer-to-peer bitcoin markets may not be available in all countries. Geographic regulations can significantly impact the availability of peer-to-peer bitcoin exchanges. Regions with strict legal frameworks, stringent KYC and AML policies, complex taxation or onerous payment service laws can hinder the operation and accessibility of these platforms. ## Bitcoin ATMs Bitcoin ATMs operate similarly to regular cash ATMs. The main difference is they allow you to buy and sell bitcoin, as opposed to just withdrawing fiat. These devices will send bitcoin to your wallet in exchange for cash. All you need to do is feed in the bills, hold your wallet’s QR code up to a screen and the corresponding amount of bitcoin is beamed to your account. Several Bitcoin ATM companies have struck deals with third party ATM providers to make it possible to buy bitcoin in convenience stores, gas stations and on city blocks. [Coinatmradar](https://coinatmradar.com/) can help you to find a Bitcoin ATM near you. A similar option to buying bitcoin via a Bitcoin ATM is to purchase gift cards like [Azteco](https://azte.co/) or similar vouchers designed to buy and spend small amounts of crypto. Although Bitcoin ATMs are typically safe to use and a legitimate way to purchase bitcoin, they are unfortunately being taken advantage of by scammers. The [United States Federal Trade Commission](https://consumer.ftc.gov/consumer-alerts/2024/03/did-someone-send-you-bitcoin-atm-its-scam) has stated that scammers are impersonating legitimate government organizations or authorities and demanding payment via bitcoin purchased at Bitcoin ATMs, claiming it’s for taxes, fines or other official expenses. Victims believing they are dealing with a legitimate entity use the ATM to transfer bitcoin to the scammer. Never make a bitcoin purchase unless it is of your own volition. Never transfer bitcoin to a wallet that you do not have control over or access to, unless you are making a payment for goods or services. ![bitcoin-atm-2](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F250728e2eabdd2dfdf9ba3b254834161657878a2-1420x916.jpg%3Fauto%3Dformat&w=3840&q=75) ## Traditional stock brokers Thanks to the growing popularity of bitcoin, several traditional brokers and FinTech brokerages now allow customers to buy and sell the digital asset on their platforms. Robinhood is a pioneer in this regard. It is the first mainstream investment broker to allow customers to purchase bitcoin on its platform, along with a selection of other cryptocurrencies. Its crypto arm, [Robinhood Crypto](https://robinhood.com/us/en/about/crypto/), is also available in most states in the U.S. Similarly, you can also buy bitcoin on broker platforms such as [eToro](https://www.etoro.com/) and [TradeStation](https://www.tradestation.com/crypto/). Several banks as well have begun [offering crypto trading desks](https://www.coindesk.com/business/2023/11/20/santander-private-bank-introduces-bitcoin-ethereum-trading-for-swiss-clients/), often for their high net worth clientele. Likewise, [financial advisers and wealth managers](https://www.coindesk.com/newsletters/crypto-for-advisors/) may also be able to buy and hold bitcoin on their clients’ behalf. ## How to securely store purchased bitcoin Transferring purchased bitcoin to a personal wallet is vital for ensuring security and control over one’s assets. Crypto exchanges and mobile payment apps, while convenient for trading, can be targets for hackers and may also face regulatory or internal issues, risking asset accessibility. *Read More: [Your First Crypto Wallet: What Is a Crypto Wallet and How to Use It](https://www.coindesk.com/learn/your-first-crypto-wallet-how-to-use-it-and-why-you-need-one/)* Personal bitcoin wallets grant users full control over their private keys, diminishing the threat of theft or loss due to a failure on the part of a crypto exchange or money transfer app. Securing bitcoin in a personal wallet involves several key steps. - Choose a reputable wallet: Choose a well-known and secure bitcoin wallet. There are two main types of wallets: hot wallets (online wallets) and cold wallets (offline storage). - undefined - Transfer your bitcoin: After purchasing bitcoin through an exchange or app, transfer it to your wallet by following the prompts on the exchange or app. You will send the bitcoin from the crypto exchange or app to your personal bitcoin wallet using the public address of your wallet. Ensure the public address is correct. It is impossible to reverse a bitcoin transaction. This public address will be generated automatically when you set up your bitcoin wallet. - Keep your private keys safe: Having ownership of your own private keys allows you to access and control your bitcoin. Never share them with anyone and ensure they are stored securely. If using a cold wallet, make sure to keep it in a safe place where it will not be lost or stolen. - Use strong passwords and 2FA: For any online wallet or exchange, use strong, unique passwords and enable two-factor authentication to add an extra layer of security. Editor's Note: This article does not constitute investment advice and is not intended to invite or induce investment in bitcoin [BTC \$70,046.42](https://www.coindesk.com/price/bitcoin) or any other cryptocurrency. It is meant for factual and educational purposes, with respect to certain aspects of BTC and its associated blockchain, for those who might be interested. Cryptocurrency is a high-risk investment and you should not expect to be protected if something goes wrong. [Beginner](https://www.coindesk.com/tag/beginner)[Bitcoin News](https://www.coindesk.com/tag/bitcoin)[Learn](https://www.coindesk.com/tag/learn) More For You [The Definitive Stablecoin Landscape Series: North America](https://www.coindesk.com/research/the-definitive-stablecoin-landscape-series-north-america) By [CoinDesk Research](https://www.coindesk.com/author/coindesk-research) 14 hours ago ![ logo](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F499e968d7b65c81ec13f50e15a23b78e76c64ddc-1024x263.png%3Fw%3D192%26h%3D64&w=256&q=75) Commissioned by[Ripple](https://ripple.com/) [![16x9 Image Stablecoin Landscape Series](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fe41ef038d45a3ef0a8e9e529dd13ed183d8975a9-1920x1080.png%3Fauto%3Dformat&w=3840&q=75)](https://www.coindesk.com/research/the-definitive-stablecoin-landscape-series-north-america) As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption. Why it matters: Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing \$1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all. [View Full Report](https://www.coindesk.com/research/the-definitive-stablecoin-landscape-series-north-america) More For You [How to Buy Solana](https://www.coindesk.com/learn/how-to-buy-solana) By [Joe Lautzenhiser](https://www.coindesk.com/author/joe-lautzenhiser)\\|Edited by [Daniel Kuhn](https://www.coindesk.com/author/daniel-kuhn) May 14, 2024 [![(Danny Nelson/CoinDesk)](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fa725a74d2ce68cac9490ede8de43044fc9a540a0-5184x3888.jpg%3Fauto%3Dformat&w=3840&q=75)](https://www.coindesk.com/learn/how-to-buy-solana) Buying solana (SOL) is straightforward, but with numerous crypto exchanges on the market, it's crucial potential investors consider other key factors before making a purchase. 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Readable Markdown	## With bitcoin adoption continuing to rise, it’s now possible to purchase the digital asset across a wide range of exchanges, brokerages and apps. Updated May 16, 2024, 3:30 p.m. Published Sep 9, 2021, 1:10 p.m. [Make preferred on](https://www.google.com/preferences/source?q=coindesk.com) So you’ve learned the [basics of bitcoin](https://www.coindesk.com/learn/what-is-bitcoin/), now you’re excited about its potential and want to buy some. But how? Compared with when Bitcoin first launched in 2009, buying cryptocurrency has gotten easier by the day. Today, you can purchase bitcoin directly on crypto exchanges, mobile payment apps, peer-to-peer marketplaces, Bitcoin ATMs and even on some traditional brokerage platforms. Bitcoin ETFs are also a viable option for those hesitant to hold actual bitcoin. The list is quite elaborate. You can also opt to use hard cash, credit or debit cards, or wire transfers, depending on whom and where you are buying from. Now, before you buy your first bitcoin, you must decide how you want to store it. Think of this as having a bank account or physical wallet to keep your money. In the case of bitcoin, you can use an online wallet in the form of an exchange platform or an independent provider, a mobile wallet, a desktop wallet or an offline wallet such as a hardware device or a paper wallet. You can find more information on bitcoin wallets and tips on how to use them [here](https://www.coindesk.com/learn/how-to-store-your-bitcoin/). That being said, here’s a quick rundown on how you can buy the leading cryptocurrency. ## Cryptocurrency exchanges One of the easiest ways to buy bitcoin is via cryptocurrency exchanges. As the name suggests, a crypto exchange is a platform that allows you to buy and sell cryptocurrencies using different traditional fiat money options or other digital currencies. To buy bitcoin on a crypto exchange, you will need to open an account on the exchange platform. Chances are that you may also be required to go through some [know-your-customer (KYC) and anti-money-laundering (AML)](https://www.coindesk.com/learn/what-is-kyc-and-why-does-it-matter-for-crypto/) procedures – these are just basic background checks so that the crypto exchange knows you are who you say you are. This typically entails submitting your official ID and sometimes your proof of address. On the flip side, some exchanges give you restricted access and benefits when you sign up with just your email without verifying your identity. This is a perfect option if you wish to stay anonymous and don’t plan to buy a large amount of bitcoin. Speaking of crypto exchanges, while there are [hundreds](https://coinmarketcap.com/rankings/exchanges/) of them to choose from, as a beginner, it is recommended that you stick with popular high-volume exchanges such as [Binance](http://binance.com/), [Coinbase](https://www.coinbase.com/), [Houbi](https://www.huobi.com/) and [Kraken](https://www.kraken.com/). However, it’s always advisable to conduct your own research before selecting a particular exchange to use. Some are available only to people from certain countries, while others are geared toward more experienced traders. Once you’ve picked an exchange to use, the next step is to fund your account in order to purchase bitcoin. Most exchanges would allow you to fund your account through bank transfers, credit cards or PayPal. ![shutterstock\_222204883](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fd6bc4b804b8e8eb6e8950bc4433d8557d8b40c9c-1500x1257.jpg%3Fauto%3Dformat&w=3840&q=75) Keep in mind that most platforms will charge fees for certain funding options, such as credit card deposits. In addition to charging deposit fees, you will also need to pay a [fee](https://www.coindesk.com/markets/2019/02/14/state-of-blockchains-bitcoin-btc-fees/) for every transaction, to incentivize a bitcoin miner to process your transaction. Read more: [How Bitcoin Mining Works](https://www.coindesk.com/learn/bitcoin-101/what-is-bitcoin) Once your account is funded, you can then proceed to buy bitcoin on your chosen exchange. Note that the exchange will automatically generate a wallet for you. The downside of this is that you don’t have control over your private key – the key that determines who the true owner is of the cryptocurrency stored in the wallet – and could potentially lose some of all of your bitcoin if the [exchange is hacked](https://www.coindesk.com/markets/2020/12/25/uk-crypto-exchange-exmo-says-4m-of-hacked-funds-was-through-poloniex/). This, however, is a great option if you plan on exchanging your bitcoin for other cryptocurrencies and taking small profits from price swings. If you plan to buy a significant amount of bitcoin without a plan to sell any time soon, you are better off moving your funds to an [offline or hardware wallet](https://www.coindesk.com/learn/what-is-bitcoin/). ## Bitcoin ETFs For investors interested in bitcoin but hesitant to engage directly with cryptocurrencies, a [spot bitcoin exchange-traded fund (ETF)](https://www.coindesk.com/learn/bitcoin-etfs-explained-what-are-they-how-do-they-work/) presents an attractive alternative. A spot bitcoin ETF tracks the price of bitcoin and allows investors to gain exposure to its price movements without owning bitcoin directly. *Read More: [Bitcoin ETFs Explained: What Are They & How Do They Work?](https://www.coindesk.com/learn/bitcoin-etfs-explained-what-are-they-how-do-they-work/)* Unlike traditional ETFs that might invest in a range of assets, spot bitcoin ETFs directly track the price of bitcoin. They hold actual bitcoin, and their shares are traded on traditional stock exchanges. You can also gain exposure to bitcoin’s price movements by buying [bitcoin futures ETFs](https://www.coindesk.com/learn/what-is-a-bitcoin-futures-etf/), which may be more easily available in different jurisdictions. Investors interested in gaining exposure to bitcoin via ETFs should conduct thorough research to find the ETF that suits their investment goals and risk tolerance. Consider factors such as management fees, the track record of the ETF provider and how closely the ETF tracks the price of bitcoin. If you already have a brokerage account, you can simply buy shares of a spot bitcoin ETF just as you would with any other stock. If you don’t have an account, you’ll need to set one up and fund it. ## Mobile payment apps Bitcoin's rise in popularity has significantly impacted the financial technology sector. Mobile payment apps such as Venmo, Cash App and PayPal have adapted to this trend by integrating services that enable users to buy, sell and hold bitcoin directly within their platforms. These apps offer a convenient and accessible way to purchase bitcoin quickly from a mobile device. This approach may be suitable for individuals with limited knowledge of bitcoin who still seek exposure to it. However, there are drawbacks to this convenience. Like crypto exchanges, when you buy bitcoin on mobile payment apps, you don’t own the private keys to your bitcoin wallet, meaning less control over your cryptocurrency. Transactions may also incur fees that can be higher than those on dedicated crypto exchanges. However, most of these apps charge nothing if moving bitcoin to another account on the platform. ## Peer-to-peer bitcoin markets While crypto exchanges may have grown to become the de facto way to buy bitcoin, you can also purchase the digital asset directly from other bitcoin owners via peer-to-peer platforms like [Paxful](https://paxful.com/), [Binance P2P](https://p2p.binance.com/trade/all-payments/USDT?fiat=AED) and [NoOnes](https://noones.com/). This is also known as over-the-counter (OTC) trading. Buying bitcoin directly from individuals can be extremely risky. Meeting a complete stranger face to face to privately exchange money for cryptocurrency doesn’t always work out for the best. Platforms like Paxful, Binance P2P and NoOnes offer a much safer solution and use an in-house escrow service to ensure the exchange process runs smoothly. Peer-to-peer bitcoin markets may not be available in all countries. Geographic regulations can significantly impact the availability of peer-to-peer bitcoin exchanges. Regions with strict legal frameworks, stringent KYC and AML policies, complex taxation or onerous payment service laws can hinder the operation and accessibility of these platforms. ## Bitcoin ATMs Bitcoin ATMs operate similarly to regular cash ATMs. The main difference is they allow you to buy and sell bitcoin, as opposed to just withdrawing fiat. These devices will send bitcoin to your wallet in exchange for cash. All you need to do is feed in the bills, hold your wallet’s QR code up to a screen and the corresponding amount of bitcoin is beamed to your account. Several Bitcoin ATM companies have struck deals with third party ATM providers to make it possible to buy bitcoin in convenience stores, gas stations and on city blocks. [Coinatmradar](https://coinatmradar.com/) can help you to find a Bitcoin ATM near you. A similar option to buying bitcoin via a Bitcoin ATM is to purchase gift cards like [Azteco](https://azte.co/) or similar vouchers designed to buy and spend small amounts of crypto. Although Bitcoin ATMs are typically safe to use and a legitimate way to purchase bitcoin, they are unfortunately being taken advantage of by scammers. The [United States Federal Trade Commission](https://consumer.ftc.gov/consumer-alerts/2024/03/did-someone-send-you-bitcoin-atm-its-scam) has stated that scammers are impersonating legitimate government organizations or authorities and demanding payment via bitcoin purchased at Bitcoin ATMs, claiming it’s for taxes, fines or other official expenses. Victims believing they are dealing with a legitimate entity use the ATM to transfer bitcoin to the scammer. Never make a bitcoin purchase unless it is of your own volition. Never transfer bitcoin to a wallet that you do not have control over or access to, unless you are making a payment for goods or services. ![bitcoin-atm-2](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F250728e2eabdd2dfdf9ba3b254834161657878a2-1420x916.jpg%3Fauto%3Dformat&w=3840&q=75) ## Traditional stock brokers Thanks to the growing popularity of bitcoin, several traditional brokers and FinTech brokerages now allow customers to buy and sell the digital asset on their platforms. Robinhood is a pioneer in this regard. It is the first mainstream investment broker to allow customers to purchase bitcoin on its platform, along with a selection of other cryptocurrencies. Its crypto arm, [Robinhood Crypto](https://robinhood.com/us/en/about/crypto/), is also available in most states in the U.S. Similarly, you can also buy bitcoin on broker platforms such as [eToro](https://www.etoro.com/) and [TradeStation](https://www.tradestation.com/crypto/). Several banks as well have begun [offering crypto trading desks](https://www.coindesk.com/business/2023/11/20/santander-private-bank-introduces-bitcoin-ethereum-trading-for-swiss-clients/), often for their high net worth clientele. Likewise, [financial advisers and wealth managers](https://www.coindesk.com/newsletters/crypto-for-advisors/) may also be able to buy and hold bitcoin on their clients’ behalf. ## How to securely store purchased bitcoin Transferring purchased bitcoin to a personal wallet is vital for ensuring security and control over one’s assets. Crypto exchanges and mobile payment apps, while convenient for trading, can be targets for hackers and may also face regulatory or internal issues, risking asset accessibility. *Read More: [Your First Crypto Wallet: What Is a Crypto Wallet and How to Use It](https://www.coindesk.com/learn/your-first-crypto-wallet-how-to-use-it-and-why-you-need-one/)* Personal bitcoin wallets grant users full control over their private keys, diminishing the threat of theft or loss due to a failure on the part of a crypto exchange or money transfer app. Securing bitcoin in a personal wallet involves several key steps. - Choose a reputable wallet: Choose a well-known and secure bitcoin wallet. There are two main types of wallets: hot wallets (online wallets) and cold wallets (offline storage). - undefined - Transfer your bitcoin: After purchasing bitcoin through an exchange or app, transfer it to your wallet by following the prompts on the exchange or app. You will send the bitcoin from the crypto exchange or app to your personal bitcoin wallet using the public address of your wallet. Ensure the public address is correct. It is impossible to reverse a bitcoin transaction. This public address will be generated automatically when you set up your bitcoin wallet. - Keep your private keys safe: Having ownership of your own private keys allows you to access and control your bitcoin. Never share them with anyone and ensure they are stored securely. If using a cold wallet, make sure to keep it in a safe place where it will not be lost or stolen. - Use strong passwords and 2FA: For any online wallet or exchange, use strong, unique passwords and enable two-factor authentication to add an extra layer of security. Editor's Note: This article does not constitute investment advice and is not intended to invite or induce investment in bitcoin [BTC \$70,046.42](https://www.coindesk.com/price/bitcoin) or any other cryptocurrency. It is meant for factual and educational purposes, with respect to certain aspects of BTC and its associated blockchain, for those who might be interested. Cryptocurrency is a high-risk investment and you should not expect to be protected if something goes wrong. More For You [![16x9 Image Stablecoin Landscape Series](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fe41ef038d45a3ef0a8e9e529dd13ed183d8975a9-1920x1080.png%3Fauto%3Dformat&w=3840&q=75)](https://www.coindesk.com/research/the-definitive-stablecoin-landscape-series-north-america) As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption. Why it matters: Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing \$1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all. [View Full Report](https://www.coindesk.com/research/the-definitive-stablecoin-landscape-series-north-america)
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