Here are the best ways to start buying and selling Bitcoin

You can also use platforms like Coinmama, which allows you to buy and sell Bitcoin with a wide range of payment options, including debit or credit cards, bank deposits, and e-wallets. Fees are generally low and easy to understand, whereas crypto exchange fees can sometimes be high and confusing for users. Moreover, using a traditional broker may mean you can start investing in Bitcoin in the brokerage account you already have. Once the identity documents are verified, it’s time to decide on a payment method.

Tyler Grant is the Editor-in-Chief of CryptoNinjas.net, bringing years of expertise in cryptocurrency trading, blockchain technology, and financial analysis. A former investment strategist, Tyler transitioned to the crypto world early, quickly establishing himself as a trusted voice in the industry. His sharp insights and in-depth reviews have helped countless readers navigate the complex world of digital assets.

Step 3: Verifying Your Identity

We may receive compensation from our affiliate partners, but we do not guarantee or accept responsibility for the accuracy, relevance, or quality of the services or products offered by third parties. A link to or positive review of a broker, platform, or exchange does not constitute an endorsement of their services. Always conduct your own due diligence before making any financial decisions. On an exchange, traders willing to transact signal their intent to ‘buy’ or ‘sell’. Respectively, this enables a trader to either signal how many bitcoins they are willing to buy or sell and for what amount in fiat currency. Peer-to-peer transactions can take place in a number of different ways.

Centralized exchanges like Binance, Coinbase, and Kraken are among the easiest ways to sell Bitcoin. They provide a clear «Sell» option for Bitcoin, where you can choose to sell at market price or set your own price. Before making a purchase, it’s essential to set up a digital wallet to store your bitcoins safely. This can be done through the exchange or a third-party wallet like Electrum.

Table of Contents

You can buy bitcoins online through reputable exchanges like Coinbase, Binance, and Kraken. These platforms offer a user-friendly interface and secure transactions. Hot wallets are connected to the internet, making the user’s cryptocurrency more accessible on a daily basis, whether for spending or trading. Security, regulatory compliance, and privacy should be top of mind when deciding on a hot wallet provider. Bitcoin can function either as an investment or a medium of exchange. If you’re spending Bitcoin, there are a handful of retailers and digital services that allow you to use crypto as payment.

For detailed guides on how to sell Bitcoin and other cryptocurrencies to buy fiat, visit the Help Centre. Blockchain technology is a decentralized digital ledger that records transactions across multiple computers. This ensures that the record cannot be altered retroactively without altering all subsequent blocks and gaining the consensus of the network. Bitcoin ETFs are an excellent choice for investors who believe Bitcoin will continue to rise in value, but don’t want to deal with actually owning any Bitcoin.

Your risk tolerance is a crucial aspect to consider when investing in Bitcoin. It’s essential to approach this reflection without panic, grounding your decision in a rational evaluation of your financial situation. Use secure exchanges that have a track record of security and reliability. For example, reputable exchanges have measures in place to protect your funds and prevent hacking. Create an account on the exchange you’ve chosen and verify your identity to ensure a smooth buying process. The lack of central authority means that banks and other financial institutions are not involved in Bitcoin transactions.

Palantir (PLTR) shares dropped nearly 9% despite solid quarterly results as analysts questioned the stock’s lofty price-to-earnings ratio. Skepticism is now seeping in about the staying power of this year’s tech-driven rally, even as earnings come in strong. In early November 2025, the price of bitcoin stood at around £82,000. Bitcoin’s price is volatile, and the purpose of an inflation hedge is to provide reliability and security in the battle against the effect of rising prices. It’s worth noting that bitcoin has no physical form – it is represented by crypto keys, and it is these that need to be stored and used as proof of ownership. Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

Best Crypto Exchanges 2025

She has been interviewed onTV and radio, including NPR’s “All Things Considered,” and quoted by national publications such as Fortune, Time and CNBC. To receive bitcoin, simply provide the sender with your Bitcoin address, which you can find in your Bitcoin wallet. If you don’t have a bitcoin wallet yet, check the Bitcoin.com Wallet – easy-to-use, self-custody Bitcoin wallet trusted by millions. As far as using BTC directly for payments, those options are much more limited. However, some major retailers—such as Microsoft in its Xbox store and Overstock—do accept Bitcoin. That’s a 76% decrease in price over the course of approximately one year.

Financial Inclusion

  • Learn how are bitcoins doing in terms of supply and mining, understanding their current status and future trends.
  • Some crypto apps, such as games, crypto wallets or other online services that use blockchain technology, allow users to buy and sell digital assets directly within their app.
  • Cold wallets can cost less than $100 and are considered much more secure than hot wallets.
  • Bitcoins are created as a reward for a process known as mining, where users offer their computing power to verify and record transactions on the blockchain.

Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. Some are attracted by its decentralised nature, where no entity can interfere with its supply. Others use coins and tokens to hedge against inflation and other market risks, or as a means to send money. One of the most prominent reasons is the potential to turn a profit. The Crypto.com App supports over 250 popular cryptocurrencies, and users can start buying them following a quick onboarding process.

In early November 2025, that figure stood at around £82,000 – an eye-popping rise approaching 1000% in five years. Indeed, had you bought a bitcoin in early October 2025 it would have cost you just shy of £92,000, and you’d now be looking at a loss, if you chose to sell, of around £10,000. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. Understand why bitcoins hold value in today’s digital economy; learn the basics and insights in this easy-to-follow guide. Stop-loss orders, on the other hand, automatically sell your bitcoins when they fall to a certain price, limiting your losses.

This will help you make informed decisions and avoid potential pitfalls. Bitcoins are created as a reward for a process known as mining, where users offer their computing power to verify and record transactions on the blockchain. The Target Price feature in the Crypto.com App allows users to place Buy and Sell Orders for currencies when it hits a set price.

Hot wallet

There are many reasons why experts believe Bitcoin and other cryptos should only be a small percentage of any investor’s portfolio. One reason is that although cryptocurrencies have been lucrative for some long-term investors, cryptocurrencies in general still suffer from extreme volatility. In part nine of our Bitcoin Basics series, we’ll be unpacking how you can secure and store your bitcoin. Exchanges typically list a ‘high’ and ‘low’ amount for bitcoin or other cryptocurrencies; this reflects either the lowest or highest value that one whole bitcoin has sold for in a twenty-four hour period. A relatively new way of buying bitcoin is by way of an ATM, which may already be present in your home city. It is important to note that as Bitcoin is not reliant on a central bank or authority to operate, transactions exclusively occur between one party and another.

  • Binance also offers a secure way to store your Bitcoin, allowing you to withdraw it to your preferred wallet or use their Trust Wallet.
  • It’s worth noting that not all platforms support PayPal, so you’ll need to check with your exchange to see what options are available to you.
  • Investors should consider that platforms may charge higher transaction fees for certain funding options.
  • Many investors take advantage of this unique characteristic to minimize their tax liability.
  • Different cryptocurrencies are often designed for different purposes.

These exchanges typically require users to complete Know Your Customer (KYC) verification to ensure regulatory compliance and mitigate risks such as money laundering or scams. Popular CEXs include Binance, Bybit, BingX, Kraken, Coinbase, MEXC, and Gemini. You can place an outsource software work order through a cryptocurrency exchange, which is a platform that facilitates the buying and selling of bitcoins. You can fund your account using a bank transfer, credit card, or other payment methods accepted by the exchange.

But most Bitcoin wallets these days let users purchase Bitcoin within the app that controls the wallet, typically through third-parties that facilitate the transaction. Some common names you may see when buying Bitcoin via a wallet’s purchase function are MoonPay, Ramp or Paxos. We waded through all the fees, customer service complaints, staking features, withdrawal minimums and more to highlight the best exchanges out there.