How To Invest in Bitcoin in 5 Simple Step

[{"selector":"#anim-1c042378-a092-42cd-a45e-9a411c72772d","keyframes":{"opacity":[0,1]},"delay":250,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-999752a4-39f6-4df2-8c5a-8659b282e251","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a5709666-c512-4d88-b435-8efbb04cdd02","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c2d156a1-fd84-4358-8bde-21cc81fc0eb1","keyframes":{"opacity":[0,1]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

Investing in Bitcoin has been compared to investing in “digital gold.” Setting aside the inflation-hedge claims of Bitcoin enthusiasts, comparing it to gold is a good analogy when considering the myriad ways to invest in Bitcoin.

[{"selector":"#anim-ae14802c-de93-44c4-8108-ba9976a76601","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b9d69a5e-c533-429a-b0ae-7de91da48185","keyframes":{"transform":["translate3d(-107.01299%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-146b795b-7abb-4c50-870c-92f0736ab603","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4aeaa487-83be-4f78-a0f9-67449a7f6829","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ac8119c-6252-4c39-beec-36648d49d1e5","keyframes":{"transform":["translate3d(107.50508%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-16a3e9b4-cdae-4923-8f1f-dcc8dfbe6fe9","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-acc358d7-80dc-4b68-8477-658135fb43df","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

Each of these methods has different advantages and disadvantages, and which you choose depends on your goals and ultimate risk tolerance.

[{"selector":"#anim-1cad95a1-d3e3-49da-bf16-0cde09710f9a","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-999c8ed5-4d7f-4e92-be3b-ff067b70b8da","keyframes":{"transform":["translate3d(108.07453%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ba7d0df-ba75-48f4-88e5-810eac962a80","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3f340b05-62a3-40dd-9d17-6a733834a07f","keyframes":{"transform":["translate3d(-107.01299%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed4280e0-598d-4b9a-92d2-eb6ce3963361","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

This type of investment will not give you direct ownership of Bitcoin, but it will let you invest in innovative companies advancing the use of blockchain technologies.

[{"selector":"#anim-77a6586d-4e5c-4cde-a477-2dbde8ac9886","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd3f5d21-0c37-4123-858b-bdc79894eee5","keyframes":{"transform":["translate3d(116.24204%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f5f3f6fa-a24e-4baf-8d19-3797416c9ccb","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ff99154-2b18-478d-a529-043ac4c08523","keyframes":{"transform":["translate3d(115.87301%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Invest in a Bitcoin ETF

[{"selector":"#anim-653b980c-ffd2-4d55-b8b2-17cdb518ad8f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef3bf18e-5ce5-4dc3-b4e0-2457878d236f","keyframes":{"transform":["translate3d(-115.82278%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-28cd4654-4ad8-4ac5-bf80-c6dd3df70658","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-572ee1ea-c0ec-419f-a4bb-e67b3beae361","keyframes":{"transform":["translate3d(115.09433%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Bitcoin mining is a way to receive actual Bitcoin in exchange for lending your computing power to solve complex math problems and completing blocks of verified Bitcoin transactions on the blockchain. As more coins are mined, the reward for solving the subsequent successive block decreases, and the difficulty increases.

[{"selector":"#anim-3b95dd8b-d0d9-4281-863b-3f52ffe1f29d","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7e4b30bb-a12c-424e-9877-593b2baf9d3f","keyframes":{"transform":["translate3d(116.24204%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a0fe0617-e328-4d47-9313-f30d01579b8c","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ccda84b-cfb6-4136-abc3-b314a0f2f273","keyframes":{"transform":["translate3d(115.87301%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Purchase Bitcoin Directly

[{"selector":"#anim-aee02b50-06aa-4232-a01a-3c6efd363cdc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-06d3213d-bb74-4d66-a444-bff676669980","keyframes":{"transform":["translate3d(-115.82278%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8bf44245-2981-4287-91cf-c9821d65b204","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d34d7c7-0f03-4360-bdbc-7c95a6aebe0f","keyframes":{"transform":["translate3d(114.46540%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

In addition, if you store your keys in a wallet controlled by an exchange or otherwise connected to the internet (known as a hot wallet), there is the risk of loss through hacking or theft.

[{"selector":"#anim-69c983cd-dd84-4e63-a8e8-c6da4924def1","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8835c75e-335b-43c7-af52-de4343a97d4e","keyframes":{"transform":["translate3d(108.07453%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b5cadc60-69f9-444c-80e4-29489dac79c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36535eb7-ebe0-4327-9a88-d97fba7136bf","keyframes":{"transform":["translate3d(-107.01299%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b87725d-b240-4a20-bd42-d74981d10b71","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

Swipe Up

[{"selector":"#anim-26638597-761a-4cd8-a0ca-d0417924ae26","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d90e2e0b-efb5-4653-b3bf-2417e8a62a57","keyframes":{"transform":["translate3d(0px, -289.76616%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5cba1446-be12-4f5f-9dfa-7b73160c5f20","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e6b3b7a-27e0-4b38-b457-c1e78ff9d38e","keyframes":{"transform":["translate3d(0px, 181.56378%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

How To Invest in Bitcoin in 5 Simple Step

Investing in Bitcoin has been compared to investing in “digital gold.” Setting aside the inflation-hedge claims of Bitcoin enthusiasts, comparing it to gold is a good analogy when considering the myriad ways to invest in Bitcoin.

Each of these methods has different advantages and disadvantages, and which you choose depends on your goals and ultimate risk tolerance.

This type of investment will not give you direct ownership of Bitcoin, but it will let you invest in innovative companies advancing the use of blockchain technologies.

Invest in Companies That Utilize Blockchain Technology

Invest in a Bitcoin ETF

Participate in Bitcoin Mining

Purchase Bitcoin Directly

If you are new to cryptocurrencies, owning Bitcoin differs from holding other assets. Investors can buy Bitcoin from an exchange such as Coinbase and take ownership in an encrypted wallet.

In addition, if you store your keys in a wallet controlled by an exchange or otherwise connected to the internet (known as a hot wallet), there is the risk of loss through hacking or theft.

Swipe Up

for more finance, business, and real estate advice

Read More