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How to Buy Bitcoin

How to Buy Bitcoin

  • December 29, 2017

How to Buy Bitcoin – It could take just a couple of minutes or a couple of days.

According to CNBC “how to buy bitcoin” was the third most used Google search time in 2017. That’s understandable; Bitcoin is dominating dinner conversations, most cable news shows and the lives of would-be cryptocoin investors who want their share of the pot of gold.

When you decide to get on the Bitcoin bus- as millions of others already have – asking yourself “how to buy Bitcoin?” you start your ride with opening an account with one of the major exchanges (like Coinbase or CEX or Bittrexx), connect a bank account or credit/debit card and transfer money over. All of this takes about five minutes then you’re ready for your first Bitcoin buy.

how to buy bitcoin

Despite its turbulence in 2017 with downtime and outages due to growing pains, Coinbase is the preferred choice. To be fair to Coinbase, they have added millions of users this year alone and have been struggling to keep up with seemingly insatiable demand. Coinbase has made tremendous progress in scaling to accommodate all of these new cryptocoin investors as they continue to position themselves as the dominant cryptocoin exchange in the world.

The next most important people ask right after “how to buy Bitcoin” is WHEN to buy Bitcoin. Trying to time any market is tricky for even a seasoned investor. Trying to time the Bitcoin market is like trying to capture lightning in a bottle. As we publish this article Bitcoin is priced at $14,390, well off its all-time high of nearly $20,000 just two weeks ago. So RIGHT NOW would be a good time to buy as the consensus remains very bullish for Bitcoin. Experts are forecasting Bitcoin to run as high as $30,000 or $60,000 or even $100K per coin depending on who you ask.

That being said, there is no bad time to Bitcoin but buying Bitcoin on a dip like now is always a good idea.

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Seth Fields