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How Do You Buy Bitcoin?

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  • How Do You Buy Bitcoin?

    Bitcoin is the world’s first successful decentralized cryptocurrency and payment system, launched in 2009 by a mysterious creator known only as Satoshi Nakamoto. The word “cryptocurrency” refers to a group of digital assets where transactions are secured and verified using cryptography – a scientific practice of encoding and decoding data. Those transactions are often stored on computers distributed all over the world via a distributed ledger technology called blockchain.

    If you don't want to mine Bitcoin, it can be bought using a cryptocurrency exchange. Most people will be unable to purchase an entire BTC because of its price, but you can buy portions of BTC on these exchanges in fiat currency, like U.S. dollars. For example, you can buy Bitcoin on Coinbase by creating and funding an account. You can fund your account using your bank account, credit card, or debit card. The following video explains more about buying Bitcoin.
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