Jun 06, · The most convenient way to gain exposure to bitcoins is through the Bitcoin Investment Trust (NASDAQOTH: GBTC). This fund was created so that buying bitcoins could be as easy as buying any stock or. Sep 22, · It seems the best thing to do is hold and buy the dip, the traditional way to get rich in a strategic bull market. Where the price grinds slowly up and spikes down every now and then, you can Author: Clem Chambers. 2 days ago · If you're a believer in the long-term use cases for bitcoin, another way to play it would be to buy a stock that could make billions if bitcoin does well, but that will be just fine if it doesn't.
Can you buy bitcoin on stock marketHow to Buy Bitcoin | The Motley Fool
The real value in crypto technology is in the underlying blockchain, not the token itself. Since buying into bitcoin gives folks no ownership of the blockchain, investors are, arguably, buying into the wrong asset.
Instead of buying bitcoin, here are three considerably smarter stocks to buy with your hard-earned money. Square's longest-running operating segment, and the one most folks are going to be familiar with, is its seller ecosystem. Square has been supplying point-of-sale devices and analytics to small businesses for the past eight years. However, the long-term growth driver for Square is peer-to-peer digital payment platform Cash App. Cash Card is a traditional debit-card that links to a users' Cash App balance.
While Cash App does collect merchant fees and expedited transfer fees from its users, it's especially popular for bitcoin exchange and investment. If you want to put your money to work in a company with a bright future and exposure to bitcoin, Square is it. Sea gives investors access to Southeastern Asia , which remains a largely underbanked region of the world, yet is experiencing a windfall of growth from a burgeoning middle class throughout the region.
To date, Sea's gaming division has been its breadwinner. But the dominance of digital entertainment won't be long-lived for Sea Limited -- and that's actually a good thing for investors. The far more exciting operating segment for the company is its Shopee e-commerce platform. Without question, the pandemic played a role in bolstering online orders throughout Southeastern Asia.
But it's not as if Shopee wasn't growing like a weed before the coronavirus pandemic hit. Additionally, Sea launched SeaMoney in , which today provides mobile wallet services and payment processing for individuals and businesses. In Q2 , the number of paying users for its mobile wallet services topped 15 million.
If your heart is set on digital payments, skip bitcoin and enjoy the high-growth and digital exposure you'll get with Sea Limited. If your thesis surrounding bitcoin is that it could lead to a digital purchasing revolution , cloud-based e-commerce solutions provider Shopify is the company for you.
According to the company, it already possesses the second-highest share 5. Bitcoin is built on the blockchain , a public ledger containing all the transaction data from anyone who uses bitcoin. Transactions are added to "blocks" or the links of code that make up the chain, and each transaction must be recorded on a block. Even bitcoin critics like Dimon have said they support the use of blockchain technology for tracking payments.
Is there a legal and legitimate way to invest in bitcoin? Bitcoin exchanges have a checkered history. Gox, once the largest exchange, shut down in after losing hundreds of millions of dollars worth of bitcoin after a hack. Square SQ , the payments service, is also rolling out a bitcoin product. There are also bitcoin ATMs in scattered bodegas and convenience stores around the country, through companies like Coinsource. The ATMs let you exchange bitcoin for cash, or vice versa by scanning a QR code from the digital wallet application on your phone.
Related: Millions of dollars stolen in bitcoin hack. With Coinbase, you must first give the app permission to connect to your bank account. As with other stock trading applications, you pay a small fee for each transaction, buying and selling. But the transaction can take significantly longer.
The price I bought it at remains the same, but I won't be able to sell at the earliest until Friday. Where's the skepticism as bitcoin keeps soaring?
Inside a Russian cryptocurrency farm. CNNMoney Sponsors. SmartAsset Paid Partner. Cryptocurrency Bitcoin. Table of Contents Expand. Steps to Buy Bitcoin. Alternate Ways of Buying Bitcoin. Key Takeaways To buy bitcoin, the first step is to download a bitcoin wallet, which is where your bitcoins will be stored for future spending or trading. Traditional payment methods such as a credit card, bank transfer ACH , or debit cards will allow you to buy bitcoins on exchanges that you can then send to your wallet.
Most U. Bitcoin is still a new asset class that continues to experience a great deal of price volatility, and its legal and tax status also remains questionable in the U. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. Bitcoin How to Buy Bitcoin. Partner Links. Related Terms Bitcoin Exchange Definition A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins.
Introduction to the Bitcoin Wallet A Bitcoin wallet is a software program in which Bitcoins are stored. Discover how Bitcoin wallets work here. What Is a Blockchain Wallet? Bitcoin Bitcoin is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments.
It follows the ideas set out in a whitepaper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Cold Storage Definition With cold storage, the digital wallet is stored in a platform that is not connected to the internet.
Blockchain Explained A guide to help you understand what blockchain is and how it can be used by industries.