Bitcoin (BTC) Price Index

How to Buy Bitcoin (BTC)

Cryptocurrencies have become increasingly popular over the past decade, both as investment assets and as tools for money transfers. Even though we’ve covered a lot about Bitcoin, purchasing BTC can still be a bit confusing. Here’s a step-by-step guide to help you navigate the process.

1. Using a Cryptocurrency Exchange or Investment Platform

Most traditional financial institutions don’t yet offer direct access to Bitcoin, but you can still buy it on cryptocurrency exchanges. To get started, follow these steps:

1. Select a cryptocurrency exchange or investment platform.
2. Sign up and complete identity verification.
3. Deposit funds into your account.
4. Choose your preferred storage option.

While most platforms function similarly, they differ in fees, supported coins, and security features. Always review their deposit and withdrawal policies before committing.

Popular platforms for trading Bitcoin include Binance, Coinbase, FTX, Kraken, and others.

Once you purchase Bitcoin, you’ll need to store it securely. There are three main options: your exchange account, a hot wallet, or a cold wallet. Keeping coins on your exchange account is suitable only for short-term trading. For long-term storage or large holdings, consider a hot wallet (connected to the internet) or a cold wallet (offline or hardware-based). Cold wallets offer enhanced security but require more technical knowledge and physical protection of the device.

2. Buying from Crypto ATMs

Crypto ATMs are increasingly available across the U.S. Despite the term “Bitcoin ATM,” many machines support various cryptocurrencies, including Bitcoin. You can use cash to buy BTC directly through these terminals.

Be aware that Bitcoin ATMs often charge high fees, both for converting cash to crypto and for executing the transaction itself.

3. Investing in Crypto-Related Companies

If you're looking to gain exposure to Bitcoin with less direct risk, consider investing in publicly traded companies involved in the crypto space. These might include payment platforms like PayPal and Coinbase, hardware manufacturers like Nvidia, or companies like Square that hold crypto assets.

4. Watch for Crypto ETFs

Exchange-Traded Funds (ETFs) bundle multiple assets and trade them on stock exchanges. Their diversified nature helps manage investment risk. While regulatory hurdles still exist, several crypto ETFs are under review by the U.S. Securities and Exchange Commission (SEC). Some of these may soon include Bitcoin. Keep an eye on Myfin.us to know when such ETFs become available.

Key Financial Metrics for Bitcoin

If you're considering purchasing Bitcoin, it’s wise to evaluate the following financial indicators:

• Bitcoin Price – the current market price for buying or selling BTC.
• Market Capitalization – total circulating supply multiplied by the current price.
• Trading Volume – the total value of BTC traded over a certain period.
• Circulating Supply – how much Bitcoin is currently in circulation.
• Daily Price Change – how much BTC’s value has shifted in the past 24 hours.
• Monthly Price Change – how much Bitcoin’s value has changed over the past 30 days.

To compare Bitcoin’s stats with other digital currencies, visit this page.

Bitcoin Price Forecast for 2025

It's impossible to predict the exact future price of Bitcoin or any other cryptocurrency. Instead, base your decisions on market trends, regulation updates, and long-term use cases. Ask yourself: What is Bitcoin’s fundamental value? What influences its price? Who will adopt it and for what?

According to a report by Fortune Business Insights, the global crypto market could grow at an average annual rate of 11.1% from 2021 to 2028. Based on this projection, Bitcoin might see a potential increase of around 52% by the end of 2025.