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How to Buy Bitcoin and Other Cryptocurrencie

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Choose an Exchange

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Bitcoin can’t be purchased through your bank or investing firm yet — though some organizations are working toward that possibility in the future

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Security Cryptocurrency investments are not backed by a central institution like FDIC-insured bank accounts.

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Fee Exchange fees can vary greatly, and may be applied as a flat fee upfront or as a percentage of your trades.

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Available coin Not all exchanges offer every single cryptocurrency out there.

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Fund  Your Account Depending on the exchange you choose, you may need to provide information like your Social Security number, ID, and your source of income when you create your account.

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Place an Order Once you’ve connected a payment method, you’ll be able to actually place your order for Bitcoin

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Practice Safe Storage Many exchanges allow you to leave your investment within your account, which is easiest for most beginner

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Alternative Ways To Buy Bitcoin You can also now buy crypto through some digital payment platforms you may already have accounts with, like Venmo, PayPal, and Cash App