How to Buy Bitcoin online Go Here for in-person cash transaction methods
Digital Currencies are 100% legal for United States citizens to purchase and to own. You may use them to pay for goods and services with merchants that accept them, or hold onto them as a speculative investment (NOT financial advice, see DISCLAIMERS).
The most common way to buy bitcoin is through an "exchange" which accepts USD (United States Dollars) linked directly to your bank account, or debit card. And if you decide to sell it back one day, US dollars will be added to your account by the exchange.
(Note that Capital Gains taxes may apply; speak to a tax professional and read my DISCLAIMERS.)
Buying bitcoin from a legitimate online exchange is not dissimilar from opening a bank account these days. KYC (Know Your Client) and AML (Anti Money Laundering) laws DO apply, and a certain degree of identity and account verification is required. You will NOT be able to buy Bitcoin anonymously when using an exchange.
Bar none, the EASIEST way to Buy Bitcoin is via the CASH APP. (Iphone only. Driver's License and "selfie" required upon set up.) If you're viewing this on your Iphone, simply CLICK HERE to get started. It will walk you through the process. Try it out by buying a tiny amount via your debit card.
REFERRAL LINK DISCLOSURE : Note that depending on your use of the app, I (Guy Malone) might receive $5 for referring you. But YOU will earn $10-$25 in free Bitcoin (with $100 purchase) by using the other referral links below -AND- be able to keep earning these amounts by referring others. CASH APP is easy, the others bonus you more, and offer more bonuses. Read on...
Below are affiliate links to my other two most recommended methods of purchasing Bitcoin online by yourself for the first time. (Cash, Voyager, and Robinhood only works as apps, not as a website.)
Option #1 : Coinbase Coinbase allows online website bitcoin purchases by credit card, debit card, bank wire or by bank transfer. It is the most well-known and widely used U.S. based exchange, and it allows you to store your coins there (opposed to buying or downloading a real “wallet”). You can additionally send your Bitcoin to others (i.e., use Bitcoin as currency for purchases, tip others online) from your Coinbase account dashboard. Using this link to create your new account will result in a bonus of $10 extra “free bitcoin” added to your account (and mine), with your first $100 BTC purchase.
Option #2 : Robinhood Robinhood is the extremely popular and groundbreaking app that allows users to buy stocks with no commissions or fees at all. They've also recently added support for certain cryptocurrencies (including Bitcoin of course). Available in 24 states currently (AK, AZ, CA, CO, FL, GA, IN, IA, MA, MI, MS, MO, MT, NJ, NM, OK, PA, RI, TN, TX, UT, VA, and WI.) and expanding. You simply download the app to your phone, connect your bank account, and buy Bitcoin. (Use this link to join, then refer others, and you earn a FREE STOCK for each person referred.)
NOTE that at present Robinhood does not support sending Bitcoin to others, you simply buy and hold your crypto with Robinhood until you're ready to cash out. (Go here for introductory info about wallets.)
You definitely don’t have to purchase an entire bitcoin to get started! Depending upon a given exchange’s “minimums”, you can purchase virtually any decimal worth, such as 0.5 BTC (half a bitcoin), 0.01 (one one hundredth) all the way down to 0.00000001 (aka, one “Satoshi”). Bitcoins are divisible (unlike stocks) and the “barrier for entry” is therefore much lower than other types of investing! And while a broker or consultant is not needed to buy bitcoin, if you find yourself “stuck” or frustrated with the learning curve, or are afraid of making a costly mistake...
I’ll walk you through the processes and answer your questions either in person, via email, and/or Skype. Go Here if you'd like me to help you during the process.
PRO TIP : The Certified Bitcoin Professional Code of Ethics reminds me to protect my community, even those who are not my clients. To that end, I want to encourage you to never use your “regular” email address when creating new accounts related to digital currencies. This sets you up for attacks from hackers and phishing scams based on your regular online activities (social media, webmail, search engine browsing). I require all of my clients to set up a new and “crypto only” dedicated email address, and recommend Protonmail as the most secure private email currently available - and it’s free! For your security, sign up for a Protonmail account before signing up to a new exchange.