To børsen bitcoin, you need to find a reliable and respected platform. If you are new or experienced investor, there are many exchanges, brokers and apps to choose from.
There are also crypto funds, ETFs and mutual funds that offer exposure to bitcoin through the stock market. However, these investments may be more volatile than investing in the currency directly.
Cryptocurrency exchanges charge transaction fees whenever you buy, sell, or trade digital currencies. These fees are a key money-making strategy for the exchanges and are often used to support ancillary revenue streams like advertising, listing fees, and premium services.
These fees vary widely between platforms, and your timing and strategy for trading can make a big difference in minimizing them. Many of these exchanges use a tiered system that charges maker and taker fees based on your trading volume.
Some exchanges also have a spread-based fee, while others charge a flat rate. This spread can be higher or lower depending on the value of the acquisition, payment type (debit/credit), and region where you make the purchase.
Bybit charges a spread-based fee of 0.50% on the cost of purchasing cryptocurrency. Other fees depend more on the payment method, including a 1.49% fee for ACH transfers, a 3.99% fee for credit and debit card payments, and an extra $10 incoming and $25 outgoing for wire transfers.
If you’re looking to buy Bitcoin, you can choose from a variety of platforms. Some are dedicated to the cryptocurrency industry, while others offer more mainstream options.
You can use these exchanges to buy BTC by using USD or other fiat currencies. Many of these exchanges also support trading other cryptocurrencies in pairs with BTC.
These are often referred to as crypto exchanges, and include popular brands like Bybit https://www.bybit.com/en-US/ and Gemini. They’re a good choice for beginners thanks to straightforward trading tools and a range of educational resources.
Another option is a peer-to-peer marketplace like Paxful. It’s a secure platform that allows you to buy and sell BTC in your local currency, and supports credit cards, Visa, MasterCard, PayPal and other payment methods easily available in multiple countries worldwide.
Some platforms offer more advanced investing services, and some even allow you to lend or stake your purchased BTC and earn interest. These services can be a good way to diversify your investment portfolio and earn additional income.
Crypto wallets are an important part of crypto trading, allowing people to store and trade digital currencies like Bitcoin. These can take the form of hardware devices, software installed on a computer or phone, or cloud technology.
There are also wallets that are integrated with crypto exchanges, allowing users to buy and sell cryptocurrencies using one account. These are a great option for beginners or those who trade frequently.
Non-custodial wallets are safer and more convenient than custodial ones, which have a shared network of servers and are prone to hacking. In these cases, only you have access to the private key — a 12-word password phrase — which gives you control over your crypto.
There are two main types of wallets, referred to as hot and cold. Cold wallets are offline or “cold storage” that require a bit more technical knowledge, but they’re considered to be extremely secure.
One of the best places to buy bitcoin is from a reputable broker or exchange that adheres to all US laws and regulations. Look for an exchange that promotes stringent security measures, such as registration with FinCen, KYC for all users, 2-factor authentication, and a well-stocked insurance fund.
The most practical way to store your crypto is in a cold wallet, aka a hardware wallet (or a hard drive). In addition to the security of having your private keys tucked away in an encrypted digital vault, a hard drive can also serve as a backup, should anything go wrong. The best wallets will offer an array of features to help you track your assets, such as multiple user IDs, access control and a variety of payment methods. The most reliable wallets will offer a robust support system to help you recover your funds and ensure your investment is safe for the long haul.