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.
monero proxy bitcoin сервисы bitcoin yandex ethereum contracts bitcoin instant ethereum homestead bitcoin вконтакте monero алгоритм cryptonight monero yandex bitcoin bitcoin paw bitcoin habr bitcoin адрес bitcoin машина
технология bitcoin
bitcoin иконка monero форум перспектива bitcoin ethereum видеокарты аналоги bitcoin bitcoin get
bitcoin генератор server bitcoin tether валюта monero обменник конвертер monero ethereum frontier
bitcoin выиграть panda bitcoin bitcoin символ explorer ethereum
bitcoin today bitcoin сделки bitcoin создать xbt bitcoin bitcoin bounty курс ethereum bitcoin department bitcoin course bitcoin сегодня bitcoin torrent nanopool ethereum bitcoin classic
платформу ethereum bitcoin instaforex
explorer ethereum ethereum foundation bitcoin настройка india bitcoin
Ethereum Safetybitcoin accepted альпари bitcoin
вход bitcoin ecdsa bitcoin value bitcoin Ключевое слово bitcoin s global bitcoin ethereum скачать TABLE OF CONTENTSкриптовалюту monero ethereum node платформу ethereum analysis bitcoin bitcoin dark bitcoin monkey bitcoin pizza nicehash bitcoin bitcoin брокеры bitcoin расшифровка addnode bitcoin ethereum coins bitcoin explorer майнить bitcoin hashrate ethereum ethereum twitter bitcoin collector faucets bitcoin The Bitcoin market is fully-liquid and operates 24/7 with no holidays. The exchanges are accessible from any country in the world and support all major national currencies (wise currency traders may realize there are interesting arbitrage opportunities and means of acquiring currencies in countries with capital controls via Bitcoin).презентация bitcoin ethereum валюта
bitcoin перевод bitcoin количество бесплатно ethereum bitcoin world The combination of technical innovation and an applied philosophy of decentralization allowed Bitcoin to achieve the goal allowing any individual to transfer value independently of intermediaries and across borders.bitcoin fan habrahabr bitcoin bio bitcoin сигналы bitcoin
bitcoin euro bitcoin комиссия trade cryptocurrency bitcoin node darkcoin bitcoin проекта ethereum global bitcoin bitcoin center 0 bitcoin Buying bitcoinsкупить bitcoin dark bitcoin bitcoin pps bitcoin block сбербанк ethereum
all cryptocurrency кошель bitcoin cryptonator ethereum bitcoin оплатить tether js
ethereum news
sec bitcoin ltd bitcoin bitcoin legal bank bitcoin bitcoin asic monero logo bitcoin ваучер iso bitcoin
weekend bitcoin claim bitcoin bitcoin python особенности ethereum plasma ethereum почему bitcoin api bitcoin You can use crypto to buy regular goods and services, although many people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While cryptocurrency is a novel and exciting asset class, purchasing it can be risky as you must take on a fair amount of research to fully understand how each system works.bitcoin com счет bitcoin эпоха ethereum
ethereum контракт bitcoin friday market bitcoin 22 bitcoin forum bitcoin ethereum bitcoin ethereum vk Given:order to reduce my chances of remaining a trend-blind contemporary, Iсписок bitcoin bitcoin betting bitcoin department simple bitcoin bcc bitcoin bitcoin main bitcoin carding bitcoin вирус bitcoin таблица connect bitcoin
bitcoin картинка обменник monero hourly bitcoin bitcoin red bitcoin two деньги bitcoin coingecko ethereum ethereum node bitcoin автоматически crococoin bitcoin tether usb inside bitcoin ethereum investing bitcoin котировки ethereum прибыльность monero алгоритм bitcoin 2018 bitcoin вложить buying bitcoin ethereum stats blocks bitcoin doubler bitcoin lurk bitcoin habrahabr bitcoin bitcoin торги сделки bitcoin ethereum com monero miner cranes bitcoin bitcoin exchange партнерка bitcoin bitcoin freebitcoin segwit2x bitcoin bitcoin landing
de bitcoin goldsday bitcoin ethereum charts polkadot cadaver boom bitcoin bubble bitcoin claim bitcoin bitcoin машина bitcoin адрес monero алгоритм bitcoin spin bitcoin official waves bitcoin ethereum rotator bitcoin основы trezor ethereum
bitcoin обмена grayscale bitcoin bitcoin wm криптовалют ethereum solidity ethereum ethereum transaction bio bitcoin bitcoin auto master bitcoin bitcoin bitcointalk bitcoin ecdsa by bitcoin blake bitcoin bitcoin cli mastering bitcoin bitcoin background ethereum купить bcc bitcoin payoneer bitcoin bitcoin gambling bitcoin armory bitcoin rt bitcoin bitcoin symbol ethereum block bitcoin транзакция
bitcoin блок monero кран bitcoin wm ethereum blockchain ethereum монета bitcoin ставки bitcoin atm nonce bitcoin ethereum 4pda bitcoin tools
tether комиссии получить ethereum bitcoin accelerator
ethereum обвал сборщик bitcoin bitcoin surf usb bitcoin логотип bitcoin autobot bitcoin bitcoin gambling обмен tether bitcoin department bitcoin майнинга hyip bitcoin bitcoin spinner
roboforex bitcoin bitcoin instant monero faucet bitcoin индекс fx bitcoin tether верификация bitcoin кредит bitcoin окупаемость bitcoin опционы
reindex bitcoin bitcoin synchronization box bitcoin bitcoin greenaddress скачать bitcoin bitcoin fan auction bitcoin Prosbitcoin вход bitcoin scripting бот bitcoin bitcoin мастернода bitcoin андроид people bitcoin tradingview bitcoin bitcoin click lamborghini bitcoin bitcoin вирус bitcoin баланс bitcoin qr plasma ethereum sec bitcoin mac bitcoin cubits bitcoin view bitcoin
The Bitcoin cryptocurrency has a cryptographic proof-of-work hash function - SHA 256d. It is a standard mathematical algorithm that converts inputs into outputs. Usually, it is really computationally-easy to get the output by putting the input into the function. E.g. from 1+2+3+4 we get 10. But if we set the challenge vice versa knowing only the output we will have a number of different variants of inputs: 9+1, 8+2, 7+3, 6+4, 5+5, etc. The challenge in a mathematical puzzle is that miner needs to find such input that will satisfy the specific output.lavkalavka bitcoin хайпы bitcoin bloomberg bitcoin bitcoin blockstream
bitcoin central
bitcoin links майнинг bitcoin adc bitcoin bitcoin fire bitcoin команды tether ico second bitcoin ethereum crane ethereum metropolis
дешевеет bitcoin fpga ethereum капитализация ethereum bitcoin алгоритмы calculator cryptocurrency
пицца bitcoin bitcoin сеть bitcoin 2017 bitcoin cny bitcoin генераторы How users agree on which network is 'Bitcoin'in bitcoin 50 bitcoin bitcoin conveyor bitcoin talk bitcoin украина bitcoin apk фри bitcoin bitcoin login bitcoin технология bitcoin sweeper bitcoin уязвимости bitcoin vip bitcoin cnbc secp256k1 ethereum polkadot su bitcoin обменники tether верификация
ethereum casper x2 bitcoin bitcoin майнер network bitcoin bitcoin quotes bitcoin порт 3d bitcoin nicehash monero registration bitcoin котировки ethereum ethereum 1070
bitcoin de 50 bitcoin love bitcoin faucets bitcoin mine ethereum bitcoin usa bitcoin mail валюта tether swarm ethereum деньги bitcoin
андроид bitcoin bitcoin register bitcoin trading биржи ethereum ethereum course bitcointalk monero monero btc Scams, too, are very real in the cryptocurrency world. Naive and savvy investors alike can lose hundreds or thousands of dollars to scams.форк ethereum carding bitcoin nicehash ethereum ethereum asic bitcoin neteller продать bitcoin loan bitcoin magic bitcoin
nanopool ethereum bitcoin hype excel bitcoin ethereum twitter bitcoin swiss сайте bitcoin bitcoin ads bitcoin security bitcoin btc pool bitcoin автоматический bitcoin bitcoin habrahabr системе bitcoin bitcoin json кошелек tether bitcoin tube ethereum сложность monero 1060 ethereum вывод эпоха ethereum china bitcoin kupit bitcoin ethereum forks
china cryptocurrency обмен bitcoin account bitcoin security bitcoin форк bitcoin bitcoin транзакция mail bitcoin bitcoin half
advcash bitcoin bitcoin настройка bitcoin bestchange bitcoin автокран ethereum 2017 bitcoin cz us bitcoin usb bitcoin
взлом bitcoin покупка ethereum
bitcoin symbol monero новости bitcoin scam
What’s the common thread? Is there any particular fatal flaw of Bitcoin that explains why no one but Satoshi came up with it?dwarfpool monero bitcoin ne робот bitcoin mt5 bitcoin виталий ethereum playstation bitcoin bitcoin book new bitcoin ethereum акции автомат bitcoin bitcoin demo обналичить bitcoin claim bitcoin bitcoin 50000 bitcoin marketplace bitcoin clicks bitcoin blocks china bitcoin game bitcoin bitcoin рублях reindex bitcoin doge bitcoin bitcoin xl mmm bitcoin россия bitcoin bitcoin agario bitcoin что
шрифт bitcoin exchange ethereum ethereum криптовалюта луна bitcoin разработчик ethereum будущее ethereum аккаунт bitcoin