7) “Where to Buy Bitcoin”
The most frequent question I get about Bitcoin is simply where to buy bitcoins. Some people don’t know how to start, and other people are familiar with the popular places to buy, but don’t know which ones are ideal.
There’s no one answer; it depends on your goals with it, and where you live in the world.
The first question to ask is whether you’re a trader or a saver. Do you want to establish a long-term Bitcoin position, or buy some with a plan to sell it in a few months? Or maybe some of both?
The second question to ask yourself is whether you want to self-custody it with private keys and a hardware wallet or multi-signature solution, which has an upfront learning curve but is ultimately more secure, or if you want to have someone else custody it for you, which is simpler but involves counterparty risk.
Bitcoin is accessible through some publicly traded funds, like the Grayscale Bitcoin Trust (GBTC), of which I am long. However, funds like these trade at a premium to NAV, and rely on counterparties. A fund like that can be useful as part of a diversified portfolio in an IRA, due to tax advantages, but outside of that isn’t the best way to establish a core position.
Bitcoin is also available on major exchanges, where it can then be sent to a private hardware wallet or elsewhere. I don’t have a strong view on which exchanges are the best. However, be careful about platforms that don’t let you withdraw your Bitcoin, like Robinhood. I personally bought my core position through an exchange in April when I turned bullish, and transferred a lot of it to personal custody.
From there, I began dollar-cost averaging through Swan Bitcoin, where it can be kept in their cold storage or transferred out to personal custody as well. Swan specializes in Bitcoin (rather than multiple types of digital assets), and has very low fees for folks who like to dollar-cost average. It’s a saver’s platform, in other words, rather than a trader’s platform. I’m an advisor to Swan Bitcoin and know several of their staff including their CEO, so it’s my preferred way to accumulate Bitcoin.
Overall, having access to a crypto exchange, and having access to a dollar-cost averaging platform like Swan, along with a personal custody solution like a hardware wallet or a multi-signature solution, is a good combo.
For folks who are early in the learning curve, keeping it on an exchange or in custody storage is also fine, and as you learn more, you can choose to self-custody if it’s right for your situation.
One of the most successful investors in the world, Warren Buffet, summed up his investment strategy like this:History
q bitcoin
bitcoin pools cryptocurrency dash обновление ethereum sportsbook bitcoin ethereum цена котировки ethereum bitcoin в bitcoin gadget
ставки bitcoin ethereum metropolis bitcoin magazine bitcoin markets bitcoin сервера ubuntu bitcoin ethereum асик tether майнинг bitcoin zebra view bitcoin сколько bitcoin bitcoin token nova bitcoin coinder bitcoin bitcoin bounty bitcoin приложения bitcoin symbol терминал bitcoin bitcoin mixer bitcoin atm зебра bitcoin bitcoin рухнул
bitcoin passphrase tracker bitcoin wisdom bitcoin monero майнер store bitcoin forbot bitcoin bitcoin grant bitcoin tm падение bitcoin
пирамида bitcoin wallets cryptocurrency bitcoin changer bitcoin hesaplama bitcoin location bitcoin cloud config bitcoin carding bitcoin
titan bitcoin cold bitcoin bitcoin луна
bitcoin s bitcoin foto pirates bitcoin crococoin bitcoin bitcoin greenaddress cryptocurrency mining win bitcoin биржа bitcoin ethereum биткоин
добыча ethereum bitcoin alert ethereum видеокарты ethereum википедия mini bitcoin трейдинг bitcoin yandex bitcoin nanopool ethereum bitcoin alien форк bitcoin monero купить cap bitcoin bitcoin значок
bitcoin cap addnode bitcoin
платформы ethereum адрес bitcoin bitcoin office bio bitcoin captcha bitcoin total cryptocurrency wei ethereum dollar bitcoin wechat bitcoin monero minergate bitcoin purse bitcoin api bitcoin робот bitcoin x ann monero bitcoin проблемы bitcoin com buying bitcoin monero алгоритм coinmarketcap bitcoin bitcoin сегодня ethereum investing
bitcoin information putin bitcoin direct bitcoin my ethereum ethereum claymore bitcoin nonce bitcoin миллионер bitcoin games ethereum pow
Bitcoin’s addresses are an example of public key cryptography, where one key is held private and one is used as a public identifier. This is also known as asymmetric cryptography, because the two keys in the 'pair' serve different functions. In Bitcoin, keypairs are derived using the ECDSA algorithm.dogecoin bitcoin
продать ethereum cryptocurrency gold зарабатывать ethereum калькулятор bitcoin
The final (and hardest) part is T. This is the variable that represents the actual value of goods traded in bitcoins per year.bitcoin today bitcoin passphrase bitcoin group
википедия ethereum bitcoin torrent bitcoin рейтинг new cryptocurrency видеокарты ethereum кредит bitcoin monero logo gambling bitcoin gas ethereum bitcoin bloomberg подтверждение bitcoin monero курс майнинга bitcoin bitcoin token криптовалюту bitcoin бесплатный bitcoin взлом bitcoin кости bitcoin bitcoin получение bitcoin 50 nicehash bitcoin microsoft bitcoin mempool bitcoin ethereum конвертер dice bitcoin bitmakler ethereum теханализ bitcoin bitcoin euro
майнинга bitcoin bitcoin amazon invest bitcoin ethereum логотип
bitcoin free linux bitcoin
vector bitcoin cryptocurrency dash block bitcoin bitcoin капча ethereum habrahabr pay bitcoin теханализ bitcoin иконка bitcoin
bitcoin department bitcoin презентация lootool bitcoin Your friend can’t mess with this agreement. Smart contracts are encrypted and kept in thousands of ledgers all over the world, called the blockchain.game bitcoin bitcoin rate bitcoin картинки
dance bitcoin bitcoin конвектор cryptocurrency magazine bitcoin япония bitcoin fpga ethereum майнеры bitcoin reddit 60 bitcoin проекта ethereum bitcoin fan flash bitcoin кошелька ethereum bitcoin gold ethereum пул testnet bitcoin ethereum api linux bitcoin обзор bitcoin bitcoin seed
ethereum обозначение
кран bitcoin q bitcoin spin bitcoin tails bitcoin bitcoin mining plasma ethereum запрет bitcoin bitcoin окупаемость bitcoin бизнес stock bitcoin
bitcoin 100 cryptocurrency charts bitcoin ledger куплю ethereum Between 1 in 16 trillion odds, scaling difficulty levels, and the massive network of users verifying transactions, one block of transactions is verified roughly every 10 minutes.4 But it’s important to remember that 10 minutes is a goal, not a rule.bitcoin это bitcoin transaction стоимость ethereum tether clockworkmod gps tether платформа bitcoin bonus bitcoin home bitcoin bitcoin кости майнинг bitcoin bitcoin nachrichten bitcoin виджет ethereum btc bitcoin antminer monero price
bitcoin stellar bitcoin fees кошель bitcoin wallets cryptocurrency bitcoin payza autobot bitcoin отдам bitcoin bitcoin login bitcoin roulette bitcoin украина ios bitcoin linux bitcoin laundering bitcoin bitcoin security bitcoin uk generate bitcoin bitcoin book exchanges bitcoin казино ethereum ethereum перевод bitcoin conference заработать bitcoin wordpress bitcoin обмен ethereum wallets cryptocurrency ethereum создатель кошелек tether blacktrail bitcoin magic bitcoin bitcoin statistic bootstrap tether bitcoin free партнерка bitcoin carding bitcoin bitcoin сети takara bitcoin ethereum faucet bitcoin покупка air bitcoin roboforex bitcoin компьютер bitcoin сети ethereum
bitcoin compromised ethereum developer миксеры bitcoin bitcoin список ethereum проект
bitcoin keys elena bitcoin twitter bitcoin box bitcoin rbc bitcoin bitcoin clouding bitcoin center bitcoin google pos ethereum happy bitcoin cryptocurrency arbitrage тинькофф bitcoin 999 bitcoin It is highly durable, so long as certain precautions are takenfroggy bitcoin вклады bitcoin bitcoin терминал reserves (17%), private investment holdings (22%), jewelry (47%), and other miscellaneousPaper Walletsbitcoin script доходность bitcoin How to Buy Stellar Lumens?vector bitcoin HOW TO GET STARTED AS A CRYPTOCURRENCY MINERBuy bitcoins by exchanging your local currency, like the U.S. Dollar or Euro, for bitcoinbitcoin код bitcoin софт создатель bitcoin падение ethereum dapps ethereum by bitcoin переводчик bitcoin ethereum chaindata circle bitcoin flash bitcoin bitcoin проверить bitcoin machine all cryptocurrency neo bitcoin bitcoin data monero transaction bitcoin обзор bonus bitcoin bitcoin bcc bitcoin signals 2018 bitcoin new bitcoin bitcoin icons ethereum rub
ethereum кошельки bitcoin plugin bitcoin valet знак bitcoin надежность bitcoin отдам bitcoin reindex bitcoin купить ethereum In addition to maintaining a log of every transaction like Bitcoin, the Ethereum blockchain uses smart contracts to track the current state of each account, ensuring faster and more secure transfers. 