Where To Buy Bitcoin in USA – Learn How To Buy Bitcoin Now For Beginners in 2022
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Bitcoin (BTC) is both the origin and the pioneer of all cryptocurrencies.
Invented in 2008 by the unknown person/group named “Satoshi Nakamoto”, Bitcoin implementation started in 2009.
Bitcoin today – even still in 2022 – remains the best place for beginners to explore the crypto space and to learn how to buy Bitcoin.
This how-to buy Bitcoin guide is here to inform both beginners and veterans of the most effective and efficient methods of buying Bitcoin in the United States (US).
We will discuss the advantages and disadvantages of investing in Bitcoin while providing and analysing the range of options available.
Table of Contents
#1 Broker to Buy Bitcoin – eToro
Where to Buy Bitcoin in USA – Overview of the 3 Best Brokers
There are many places to buy Bitcoin in the US, but which are the safest and quickest brokers?
Below, we identify the 3 best brokers to buy Bitcoin in 2022.
Further down the guide, you’ll find thorough reviews on each of them.
$ =  BitcoinSort By Rating 5 Providers that match your filters Payment methods Features Usability Support Fees 1 or better Safety 1 or better Coin selection 1 or better Rating 1 or better Featured Broker  Rating for $ 100 you get 0.0040BTC Features
Fees Safety Coin selection Features     Payment methods      for $100 you get 0.0040 BTC CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.  Rating for $ 100 you get 0.0040BTC Features
Fees Safety Coin selection Features Payment methods  for $100 you get 0.0040 BTC CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.  Rating for $ 100 you get 0.0040BTC Features
Fees Safety Coin selection Features Payment methods  for $100 you get 0.0040 BTC 83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko |
How to Buy Bitcoin in USA – The Quick Four-Step Strategy
Many first-time investors in Bitcoin today can be victims to “shilling” – otherwise known in laymen’s terms as promoting Bitcoin.
Shilling can often lead newcomers to incidentally buy the “top” ( the highest price) and watch their investment value plummet.
To overcome such obstacles when buying Bitcoin, simply follow these four steps:
- Signup to eToro: As our recommended broker, this is the best place to start.
- Verify your Trading Account: Provide your identification documents to confirm and verify your details.
- Add funds to the Trading Account: Deposit funds into your trading wallet, ensuring it is not more than you are willing to lose.
- Buy the Bitcoin Cryptocurrency: Search for Bitcoin on the platform and purchase your preferred amount.
Where to Buy Bitcoin in USA – Choosing the Right Broker
1. eToro – Best Place to Buy Bitcoin in the US
eToro was established in 2007, is the winner of multiple broker awards, and boasts a client base of over 23 million global investors.
Standing the test of time, eToro provides traders with a secure investing platform accessible to more than 150 nations around the world.
eToro complies with regulations set by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC).
eToro has also obtained Money Services Business (MSB) registration from FinCEN.
As such, eToro is our recommended broker platform for newcomers to buying Bitcoin in the US.
Supporting multiple payment methods, both depositing and withdrawing funds with eToro function seamlessly and efficiently. Payment methods include debit/credit cards, crypto wallets, and bank transfers.
With eToro, there are no hidden fees and zero commission on trades. Additionally, beginners also have the opportunity to practice with $100,000 in virtual funds. This helps newcomers learn how to buy Bitcoin and trade sufficiently before diving into the real thing.
Whether you choose to access eToro on the web or from your phone, the eToro trading platform is the best place to buy Bitcoin in the US.
eToro Fees
| Deposit fees | 0% |
| Withdrawal fees | $5 |
| Trading Commissions | Commission-free, but charges a fee of 1%. |
| Extra fees | After one year of inactivity, $10 per is charged per month. |
| Pros | Cons |
| Compliant with global financial regulators | Lacks sophisticated trading tools for advanced traders |
| Multi-award-winning broker platform | |
| Excellent reputation | |
| Zero commission trading | |
| Wide portfolio of crypto available | |
| Access to most popular cryptocurrencies | |
| User-friendly platform | |
| Best copy trading tech | |
| Educational support |
67% of all retail investor accounts lose money when trading CFDs with this provider.
2. Webull – Trade Smarter in Minutes with No Commissions
In just a few years, Webull has become one of the new generation’s most popular brokers. Webull is a phenomenal online broker that can help you trade your way to success.
Webull’s internet-based, fast account opening experience will help you be even more disciplined and skilled in your trading strategies.
Webull’s target market is clear: millennials are their primary focus because they have witnessed firsthand how technology moves forward. Webull will continue down that path by catering its services to those who know what really matters most at any given time!
Furthermore, Webull wants to make investing simple and easy for people who are new to the game.
They don’t want their customers worrying about account minimums or hidden fees – they just want you to focus on the fun part, like buying crypto!
That’s why Webull is commission-free with no account minimums.
In other words, Webull doesn’t charge commissions on stock, ETF, or options!
Even though there is no charge for cryptocurrency trading on Webull, there is indeed a 100-basis-point spread on either side of a cryptocurrency trade. This means that crypto spreads start at 1%.
Nevertheless, Webull is the perfect opportunity for those who want to take their trading skills seriously.
Webull does not charge any fees for deposits or withdrawals made via ACH transfers. On the contrary, bank wire deposits will cost you $8 for each transaction.
With all of those scary things you need to know about investing, Webull makes it easy to make good decisions with features like news and analysis tools as well as built-in screening for stocks.
Along with Bitcoin, this trading platform supports a slew of alternative currencies, including Cardano and Shiba Inu.
There’s never been an easier way for you to become a pro trader with Webull which lets you purchase crypto, stocks, ETFs, and options!
Webull fees
| Deposit fees | 0% |
| Withdrawal fees | 0% |
| Trading Commissions | 0% |
| Extra fees | 1% of the spread |
Pros
- No commission on trades, ever
- No account minimums
- Open your account in just minutes
- Wide variety of tools for traders
- No fees trading crypto
Cons
- Crypto spreads start at 1%
- Too simplistic for seasoned traders
- Lack of mutual funds
- No support for e-wallets or debit/credit cards
67% of all retail investor accounts lose money when trading CFDs with this provider.
3. Coinbase – Cheapest way to buy Bitcoin in the US
Established in 2012, Coinbase is one of the first platforms that offered crypto exchange services in the US.
As one of the most trusted brokers, Coinbase still has approximately 73 million verified users as of 2022 that continue to buy Bitcoin today.
Offering over 100 cryptocurrencies – including Bitcoin and a plethora of altcoins – Coinbase provides a secure and insured (up to $250,000) exchange platform that users trust.
There are different ways to invest in Coinbase. The more you know about how it works, the better!
Coinbase is still ranked among the largest exchanges by trading volume, featuring over $460 million in daily trading volume in Bitcoin alone.
With Coinbase, users can expect a user-friendly interface, rapid order filling, and accessibility to vast numbers of cryptocurrencies.
On the other hand, Coinbase does charge a 1.49% commission fee for each transaction. This fee is also applied when withdrawing funds – essentially doubling to almost 3% in transaction fees.
Furthermore, when depositing via debit/credit card, Coinbase also deducts a further 3.99% transaction fee.
Considering all fees combined, traders that carry out multiple transactions can quickly find their profit margins shrinking. As such, Coinbase seems better suited to long-term traders.
Coinbase Fees
| Deposit fees |
|
| Withdrawal fees | Vary according to location and payment method |
| Trading Commissions | Depends on the amount traded + account type (Coinbase Pro) |
| Extra fees | 2% crypto conversion fee |
| Pros | Cons |
| Trusted by 73 verified million users | High commission rates |
| User-friendly platform | |
| Over 100 cryptocurrencies | |
| Strong reputation | |
| Widely regulated | |
| Compliant in the US | |
| Little slippage due to high liquidity held on the platform | |
| Straightforward registration process for beginners |
67% of all retail investor accounts lose money when trading CFDs with this provider.
4. Coinmama – Simplest way to Buy Bitcoin in the US
The Coinmama cryptocurrency exchange is another great platform for beginners to buy Bitcoin today in 2022.
Accepting multiple payment methods, including debit/credit cards and Apply Pay, Coinmama makes buying Bitcoin simple and accessible.
Unlike the aforementioned exchanges, Coinmama does not facilitate trading.
Instead, users can buy and sell Bitcoin on Coinmama directly from the company as it has its own inventory of cryptocurrencies.
Furthermore, Coinmama does not have a wallet/storage system on the platform. This means users have to have a pre-established wallet outside of Coinmama before Bitcoin can be purchased.
Coinmama’s strengths come from its simplicity. You select how much Bitcoin you want, assess how much fiat (USD) you wish to spend, and confirm the transaction.
Despite this simplicity, broker charges applied by Coinmama are often enough to discourage buyers.
Adding a 2% markup on Bitcoin market price, up to 3.81% commission on purchases, up to 0.9% on sales, and a 5% fee for Apple Pay/debit/credit card deposits; Coinmama fees stack up quickly.
Coinmama fees
| Deposit fees | 5% |
| Withdrawal fees | $0 |
| Trading Commissions |
|
| Extra fees | 2% markup on crypto market prices |
| Pros | Cons |
| User-friendly interface | High transaction fees |
| $0 account minimum | No platform-based crypto wallet |
| Offers tier 1 cryptos | Android app only |
| Wide range of payment options | Does not support crypto-to-crypto trading |
| No fees for crypto deposits | Customer support via email only |
67% of all retail investor accounts lose money when trading CFDs with this provider.
5. Crypto.com – Get Ready to Turn your Coins into Cash
Crypto.com is the world’s leading cryptocurrency exchange and provides a robust platform with low coin-trading fees for anyone that wants to turn their tokens into cash or vice versa.
If you have never traded crypto before, today is the day to give Crypto.com a try. With so many coins on offer, there is something for everyone.
For crypto traders of all levels, Crypto.com welcomes you to secure your future with a range of innovative products such as their Crypto.com debit Visa credit cards and easy-to-use exchange services.
Moreover, Crypto.com provides a decentralized exchange, a stand-alone cryptocurrency wallet, and a marketplace for NFT to help you invest in the future of finance on your terms.
Fees are capped at 0.40% and drop with increased trading volume or considerable CRO currency holdings. Therefore, Crypto.com’s prices make it possible to hold long-term positions without breaking the bank.
Excluding any CRO staking, new Crypto.com customers will pay 0.40% on trades with a monthly trading volume of less than $25,000.
Significantly, trading fees are slightly lower than those charged by certain major competitors, though not the cheapest in the industry.
Due to the absence of extra per-trade fees, Crypto.com maintains a competitive pricing structure.
Details are light on the ground, but with Crypto.com, you’ll be able to move smoothly through your day without worrying about overages or hidden fees.
Staples Center is no longer the home of Staples only, as Crypto.com has bought out naming rights to this iconic arena and made it their own!
Get your digital assets in order with Crypto.com – whether you’re a hedger, whale, or newbie. Crypto.com does its best to make cryptocurrency as simple as possible for all investors.
Whether you’re looking for the safety and security of cold storage or want to trade quickly on an exchange, Crypto.com has everything you need at your fingertips.
With over 200+ cryptocurrencies available in one place, there is no better way than Crypto.com to take charge today!
Crypto.com fees
| Deposit fees | 2.99% for debit/credit cards |
| Withdrawal fees | Fees vary |
| Trading fees
|
Maker: 0.04-0.20%
Taker: 0.10-0.20% |
Pros
- Buy and sell a wide variety of cryptocurrencies with low fees
- Earn cashback rewards and enjoy numerous privileges
- Invest in a portfolio of coins and tokens with just one click
- Earn interest on your crypto holdings
- Safe and Secure Transactions
Cons
- Fees are higher unless you own and utilize CRO
- Navigating can be difficult for beginners
- Inadequate client service
- Discounted trading fees can be difficult to understand
- Insufficient educational resources
67% of all retail investor accounts lose money when trading CFDs with this provider.
6. Binance – Trade Anywhere, Anytime
Take the hassle out of trading cryptocurrencies through Binance. You can trade anywhere, anytime, with your bank account or debit/credit card to buy anything from Binance Coin to Polkadot.
Binance is the world’s most advanced cryptocurrency exchange, where you’ll find the best trading conditions and the highest level of security, period. So if you were forced to choose one portal for your crypto empire, this is it.
One of the world’s most powerful trading platforms, Binance is made for more than just your average Joe. Binance knows that you have a busy life, so it has reduced the stress of trading with low fees across all markets.
Digital currencies are no place to be nickel and diming. That’s why Binance won’t charge you any fees when you deposit your coins into your Binance account. Start trading without paying anything extra at Binance!
On the contrary, when you use your debit or credit card to purchase crypto, you will be charged a fee of 1.8%. Nevertheless, this is less expensive than many other exchanges in this market.
Additionally, Binance charges 1% on withdrawals to debit or credit cards. Users pay a fixed fee for each withdrawal to cover the transaction fees associated with transferring crypto out of their Binance account.
The blockchain network decides on withdrawal rates, which may fluctuate without warning owing to variables like network congestion.
If you’re an investor who wants to trade crypto, your home or office space is now a digital playground with Binance. The place where fortunes are made and lost, as well as making long-awaited gains on investments. It seems as if there’s no better time than now to hop aboard the crypto bandwagon and complete your first transaction!
Digital currency meets everyday finance with the new Binance debit Visa card. You can use it at any in-store or online to spend your digital assets anytime you need to. And its cashback rates mean that it’s not just great for the present but also for the future.
The Binance Card is making it easier than ever to spend your favorite cryptocurrency. Gone are the days of waiting for slow bank transfers and annoying card purchases that charge you a fortune just for buying!
With the Binance Card, investing in cryptocurrencies has never been safer or more convenient. The only question now is how you will spend your crypto?
It’s time to make a switch with Binance. So keep your money in the bank, and don’t miss out – all of your eligible purchases will be rewarded handsomely with up to 8% cashback!
Whether you’re trading down the pub or on the tarmac, Binance has your back with its secure exchange and brokerage service.
Binance fees
| Deposit fees | 1.8% to debit/credit cards |
| Withdrawal fees | 1% to debit/visa cards |
| Trading Commissions |
|
| Minimum trade | $10 |
Pros
- Trade over 365 cryptocurrencies on one platform
- Low fees
- High liquidity
- Rapid exchange of crypto
- Reputable exchange
Cons
- The Binance platform is not available to residents of the United States
- The platform is intricate and can be perplexing
- KYC compliance will be beneficial to some users while being detrimental to those desiring anonymity
- Previously encountered security breaches
- Customer service is inefficient
67% of all retail investor accounts lose money when trading CFDs with this provider.
7. Gemini – Trade with the Winklevoss twins
Gemini is a secure and regulated cryptocurrency exchange with an advanced platform for experienced traders.
Gemini is the brainchild of Tyler Winklevoss and Cameron Winklevoss. They were rowers at Harvard, but they managed to use their expertise to successfully build one of the world’s most trusted crypto exchanges for casual traders.
So if you want to be a clever trader, Gemini is just the place for you.
It is completely free to fund your Gemini account via ACH, wire transfer, or cryptocurrency transfer from external accounts. Nevertheless, debit card deposits incur a fee of 3.49%.
Convenience fees are included in the quoted price of the cryptocurrency you’re purchasing and are normally 0.5% higher for buy orders. The transaction fee is determined by the currency used and the volume of the transaction.
Gemini allows you to make up to 10 free withdrawals per cryptocurrency every month. Nonetheless, it’s vital to keep in mind that withdrawals beyond this 10 are subject to modest fines.
Gemini is the ultimate one-stop-shop for those looking to trade. However, if you’re simply interested in investing on a basic level, Gemini’s intuitive interface and $0 account minimum make it hard to say no.
For those who want more power as an investor or trader, the company offers Gemini ActiveTrader — a powerful and professional-quality trading system — designed to help you profitably capture opportunities in the continually changing markets.
Gemini ActiveTrader allows for the placement of several order types (including market or limit orders) and contains comprehensive charting tools.
So simplify your trading with Gemini, and never miss a trade again.
Gemini fees
| Deposit fees | 3.49% to debit/credit cards |
| Withdrawal fees | 10 free withdrawals per crypto every month |
| Transaction Fees |
|
| Account minimum | $0 |
Pros
- Add more diversity to your investment portfolio
- Intuitive features for a more efficient workflow
- A cutting-edge trading platform
- Earn daily interest for your crypto holdings
- High quality, reputable exchange
- Maintain peace of mind knowing that your assets are insured
- Makes you feel like a pro
- Create a portfolio that reflects your personality
Cons
- The fee structure is prohibitively expensive for modest trades
- Could be challenging for beginners
67% of all retail investor accounts lose money when trading CFDs with this provider.
8. Kraken – Trade Freely
It’s time to drown out all those scary stories about the Kraken. Not the sea-creature, but Kraken — a sturdy United States-based cryptocurrency exchange — boasting unbelievably low trading fees and an easy-to-navigate interface that has 72 coins for you to invest in.
Kraken combines security, support, and innovation to create your perfect exchange.
Kraken pulls together all the best features in one incredibly reliable trading platform that’s appropriate for both beginners and advanced traders.
Along with buying and selling cryptocurrency at market rates, Kraken provides users with margin accounts and futures trading, which are riskier products that can be beneficial for certain trading methods.
The cost for instant purchases is 1.5% for the majority of cryptocurrencies and 0.9% for stablecoins denominated in USD or another stablecoin.
Additional fees may apply depending on the method of payment used to make the purchase.
For example, the cost of funding varies from 0.5% when using a bank account to more than 3.75% when using a debit card, credit card, or digital wallet.
For investors looking for a way to diversify their portfolio, look no further. Kraken’s diverse offerings are perfect for both beginners and experts alike!
Kraken Fees
| Deposit fees | 3.75% + €0.25 per transaction fee for debit/credit cards |
| Withdrawal fees | Varies by cryptocurrency |
| Transaction Fees |
|
| Fee structure | $10. Minimums vary by cryptocurrency type |
Pros
- Low fees
- Easy to use and understand
- Simplify the process of exchanging many different crypto assets
- Trade in a safe way
- Earn rewards on staked assets
Cons
- Fees are prohibitively high for novices who use the Instant Buy platform
- Customer service is limited
67% of all retail investor accounts lose money when trading CFDs with this provider.
9. Bitstamp – Crypto Trading on Steroids
There are a few good, credible crypto exchanges out there today. You have to know who you’re dealing with to get the best deal.
Kind of like being at a pawn shop – don’t show up lugging that Louis Vuitton unless you intend on parting ways with it for less than 1% of what it’s worth!
Bitstamp is where smart traders go when they want the most reliable experience possible without sacrificing trust.
Invest in financial freedom, not just cryptocurrency. With Bitstamp, you can trade fiat currencies for major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple.
Explore Bitstamp today to see why it’s the exchange of choice for extraordinary value investors operating on a global scale.
Bitstamp charges a flat fee for crypto trades depending on your 30-day trading volume. There are a total of 17 tiers, the highest of which is 0.50%. As you progress through the levels, your fees will decrease.
A card purchase costs 5% of the purchase price in the form of an immediate service fee.
If you live in the United States, you can fund your account by ACH. Both deposits and withdrawals are free in this instance.
The most expensive fees on Bitstamp are those associated with deposit and withdrawal procedures. This varies depending on the payment method used, as well as your location and the currency being transferred.
Bitstamp is the place to trade your fiat for other sweet, digital assets. Can’t wait to buy some Bitcoin? Maybe you’re looking for a little Ethereum action.
Bitstamp brings the crypto markets closer than ever before, so it’s easy and safe to trade with Bitstamp.
Bitstamp Fees
| Deposit fees | 5% for card purchases |
| Withdrawal fees | Fixed and varies by cryptocurrency |
| Transaction Fees | Flat fee depending on 30-day trading volume |
| Fee structure | A 17-tiered fee structure based on total trading volume over the previous 30 days, with transactions under $10,000 subject to a 0.50% transaction fee |
Pros
- Simple and easy to use
- Trade fiat money for different types of cryptocurrencies
- Accepts debit/credit cards and bank transfers
- Get a chance to make huge profits with minimal risk
- Feel like you’re getting in on the ground floor of something big
Cons
- Markets with a limited supply
- Lack of margin trading
- 5% surcharge on debit/credit card transactions
67% of all retail investor accounts lose money when trading CFDs with this provider.
10. Bisq – Decentralized, Anonymous, and Secure
Bisq is not just any other cryptocurrency exchange. It’s decentralized for that added sense of anonymity and security you crave, with less risk of downtime or crashing servers that slow your trade to a stalemate.
With stability, security, and anonymity at your fingertips, many traders are into that. In other words, Bisq is an exchange that respects your privacy, security, and freedom.
Trade on the go. With Bisq, you can make trades anonymously anywhere with internet access.
Keep your security higher while thinking on the go by locking in a multi-signature escrow wallet via a 0.01 BTC security deposit to trade safely till your trade is complete. Notably, Bisq allows you to create a private trade with a person you’ve never met before.
Bisq collects fees in a somewhat different manner than standard centralized exchanges.
Trading fees are calculated as a proportion of trade size: 0.1% for makers and 0.7% for takers in BTC, and approximately half of that in BSQ.
Remember that you will also need to pay mining costs for on-chain transactions and a deposit to secure the multi-sig escrow. After the trade is completed properly, you will receive your deposit in full.
Bisq fees
| Deposit fees | 15% of the trade amount |
| Withdrawal fees | 0.0003 BTC (Mining fee) |
| Transaction Fees |
|
| Security deposit | 0.01 BTC |
Pros
- Decentralized exchange platform
- Numerous payment options
- High level of security and anonymity
- Trade crypto more securely
Cons
- Lack of regulation
- Insufficient tools for advanced traders
- High trading fees
- Inconvenient to use
67% of all retail investor accounts lose money when trading CFDs with this provider.
Why Buy Bitcoin Today?
Pioneers the crypto space
As the origin of all cryptocurrencies, Bitcoin appeals to mainstream adoption simply due to its pioneering nature.
In the same light as company’s such as Facebook or Instagram, Bitcoin was the first of its kind and without competition for some time. This has solidified its place in the crypto space as the cornerstone of all other cryptocurrencies.
Despite the fact that there are over 18,000 cryptocurrencies, many of them are likely unknown to most people.
Bitcoin, however, is known globally and will continue to gain recognition in 2022.
As the most publicised and recognised cryptocurrency, Bitcoin is the best place to start when learning to invest in crypto.
Once accustomed to crypto, with your owned BTC you can then diversify into practically any other cryptocurrency available via crypto-to-crypto exchanging.
Equivalent to gold in the crypto space
Naturally referred to as the equivalent of gold in the crypto space, the value of Bitcoin can often transcend its use cases. This means to say that its value fluctuates based on what the general consensus believes its value should be.
Bitcoin has a total supply of 21 million BTC and already, a total of 18,847,881.25 Bitcoins have been mined.
To “mine” Bitcoins is a long acquisition process that essentially brings them into existence for trade. With just over 2 million BTC left to mine, the supply is becoming scarce.
The best trading principle to remember is that scarcity increases value and as Bitcoin becomes more scarce, value is highly likely to increase significantly.
Unparalleled return on investment (ROI)
Whether mining or purchasing Bitcoin, most people invest in Bitcoin because BTC price can drastically increase.
Considering the price of Bitcoin in 2015 at $333, just six years later in 2021 each Bitcoin reached a value of over $63,000. Taken further, this would be equivalent to turning $100 into just over $18,900 after six years.
As many continued to invest in Bitcoin over the years since its conception, many Bitcoin holders have become millionaires, multi-millionaires; even billionaires as a result of the extraordinary ROI.
Let’s make the assumption you were able to purchase a single Bitcoin last March 2020, at just under $4000. Even at this late stage, the ROI is over 1500% within a year.
When you compare that to bank interest rates, it’s easy to see the appeal Bitcoin has and how it attracted mainstream adoption.
Mainstream acceptance
As of 2022, Bitcoin acceptance and mainstream adoption have continued to grow.
Despite Bitcoin being considered decentralised – meaning no bank/government controls it – it has become accepted all throughout the US.
Even now, when completing tax returns, questions surrounding cryptocurrency holdings are now in the spotlight as regulations steadily legitimise Bitcoin.
In 2021, a leap forward for Bitcoin recognition was established when the congress of El Salvador approved the president’s proposition to make Bitcoin legal tender.
This pioneering decision means that businesses in El Salvador must now accept Bitcoin as a form of payment; only further solidifying Bitcoin’s place in modern society.
Even high-profile names like Elon Musk, Mark Cuban and Raol Pal are acquiring Bitcoin and openly announcing their support of the cryptocurrency.
Every day, regulations and acceptance continue to create an increasingly permanent place for Bitcoin in the global economy.
As of October 19th 2021, the first Bitcoin Futures ETF launched – setting a milestone for the cryptocurrency industry.
This catalyst towards mainstream acceptance now gathers global attention as Bitcoin Price begins to break towards and above $63,000 once more.
BTC price broke above $68,000 as of November 9th 2021 and still struggles towards the $70,000 mark as it fights the resistance level. Bitcoin’s current price is $66,826.
Secure
Bitcoin works on blockchain technology that decentralises financial Bitcoin holdings among multiple independent entities.
These blockchain distributed ledgers function to create a trustless system that is time-stamped, monitored, and open-sourced for anyone to see.
While this lack of financial privacy may be unappealing, it does mean that any malicious intent carried out by hackers is overt and can be monitored down to the decimal.
A central bank holding your money could potentially be the victim of a hacker and all money in the accounts drained.
To avoid this and be able to openly witness/deter all external party involvement, the Bitcoin blockchain technology works with complete transparency. In the unlikely event of a hack, any money taken can be traced and recovered in almost all circumstances.
Safest Ways to Buy Bitcoin in the US Today
When first purchasing Bitcoin, it is vital to understand the best methods of buying Bitcoin in the US.
The first step is to identify a reputable and reliable broker to purchase your Bitcoin today.
As our #1 broker of choice, eToro is the best option to buy Bitcoin for those new to the crypto space.
Here are some of the safest methods of purchasing Bitcoin in the US:
Buy Bitcoin with PayPal
PayPal functions as a secure e-wallet for both receiving and sending Bitcoin.
To begin purchasing Bitcoin today securely via PayPal, select PayPal as a deposit option on your platform’s funding page.
Ensure you confirm whether PayPal is a valid method of payment on your platform before moving any funds.
You can buy Bitcoin today safely on eToro via PayPal with zero transaction fees.
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Buy Bitcoin with Debit/Credit card
An often traditionally safe and time-tested method of purchasing Bitcoin is via a debit/credit card like American Express.
If your broker supports this method of funding your account, it is one of the most secure means of purchasing Bitcoin today in the US.
Please be aware that some brokers may charge excessive fees for debit/credit card deposits.
You can buy Bitcoin today via eToro with a debit/credit card without excessive fees.
Buy Bitcoin via Card at eToro from $50 >
Buy Bitcoin via Bank Wire Transfer
Another safe method for purchasing Bitcoin today in the US is via bank wire transfer.
Unlike the previous two methods, bank wire transfers can take up to two to three working days for the money to be transferred.
Make sure to check whether any charges are applicable at your bank before choosing this method when buying Bitcoin.
Risks of Buying Bitcoin Today
Volatility and Fluctuation
When considering the general stability of the well-established stock markets, cryptocurrencies rarely share such minimal volatility.
Were you to purchase a single Bitcoin in April 2021, it would have cost $60,000. Now if you were to sell it in July 2021, you would have been lucky to get back $40,000.
Fluctuation in cryptocurrencies is normal and should be expected.
To avoid any significant losses when first entering crypto, make sure only to invest small amounts that you are willing to lose.
Upcoming Competition
Despite Bitcoin being the founding cryptocurrency, much has happened since its origination.
Many other cryptocurrencies with faster transaction speeds, lower costs, and improved energy efficiency are entering the space.
These are referred to currently as “altcoins” and are both far more affordable and often promise significantly greater profits as the result of price exploration.
Susceptibility to Fraud
Though Bitcoin transactions are secure and transparent on the blockchain, this does not protect your investment and holdings from fraud.
While a Bitcoin transaction hijacking may be impracticable, there are other methods hackers find to obtain your funds. This could be by creating fake crypto exchange websites and acquiring your private key to your holdings.
Make sure to stay vigilant and verify your broker platform before committing any finances.
How to Buy Bitcoin in USA – A Full eToro Guide
Step 1: Signup for an Account on eToro
Through due diligence, we have confirmed that eToro is the #1 best broker in the US to buy Bitcoin today for newcomers to the crypto space.
Simply visit their website and click “sign up” to begin setting up your account. before registering, have the following prepared:
- Full Name
- Date of Birth
- Picture of government-issued ID/Passport
- Picture of a recent utility bill containing your address
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Step 2: Verify your Trading Account
During the signup process, you will be asked to submit the aforementioned information to verify your identity.
To do so, simply upload your government-issued ID and utility bill (including same address registered with).
With the correct documentation and information provided, eToro will confirm your account is ready to be funded by email within 10-15 minutes
Step 3: Fund your Trading Account
With your information verified, now it is time to invest in Bitcoin. As all deposits are free on eToro, you have nothing to fear in terms of fees.
When using debit/credit card or PayPal, funds deposited will be reflected in your account near-instantly.
For other methods such as Bank Wire Transfer, please allow two to three days for funds to appear.
Step 4: Buy Bitcoin Today
The final step is to purchase your first sum of Bitcoin. Start by typing “Bitcoin” or the ticker symbol “BTC” into the search bar. Next, click on trade and purchase your Bitcoin today.
Congratulations, you now own some Bitcoin on eToro.
67% of all retail investor accounts lose money when trading CFDs with this provider.
Selling Bitcoin: A Quick Overview
With the guide above explaining how to purchase Bitcoin today, now it’s important to learn how to sell the cryptocurrency.
When/if you decide to sell your Bitcoin, on the eToro platform, simply click “sell” to cash out your Bitcoin.
A window will appear asking for confirmation of your intention to sell. Click confirm and your trade will be complete.
Featured Broker
CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.
Featured Broker
CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.
83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko
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Rating
5.0 | 4.3 | 5.0 |
Mobile App Rating
10/10 | 9/10 | 1/10 |
Mobile App
Wallet
Number of Coins
| 74 | 15 | 60 |
Trading Fees
| Spreads | N/A | N/A |
Deposit Fees
| N/A | N/A | N/A |
Withdrawal Fees
| 5 USD | N/A | N/A |
Regulated
| N/A | CBI and MiFID in Europe | N/A |
Min. Deposit
| 50$ | $100 | N/A |
Leveraged Trading
| N/A | 1:2 for cryptocurrencies | N/A |
Bitcoin
| $27200.55 | $27025.50 | $27038.96 |
Ethereum
| $1818.19 | $1806.49 | $1812.79 |
XRP
| $0.43 | $0.43 | $0.43 |
Tether
| $1.01 | N/A | $1.01 |
Litecoin
| $84.37 | $84.03 | $83.95 |
Bitcoin Cash
| $116.46 | $116.75 | $116.81 |
Chainlink
| $6.61 | $6.65 | $6.56 |
Cardano
| $0.37 | N/A | $0.38 |
IOTA
| $0.18 | $0.18 | $0.18 |
Binance Coin
| $315.22 | N/A | $312.41 |
Stellar
| $0.09 | $0.09 | $0.09 |
Bitcoin SV
| N/A | N/A | $36.45 |
EOS
| $0.88 | $0.89 | $0.88 |
Monero
| N/A | N/A | $156.25 |
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Neteller
Giropay