After you’ve set up your wallet with a payment method, you'll need a place to actually buy bitcoin. Users can buy bitcoin and other cryptocurrencies from online marketplaces called “exchanges,” similar to the platforms that traders use to buy stock. Exchanges connect you directly to the bitcoin marketplace, where you can exchange traditional currencies for bitcoin.
Despite receiving significant attention in the financial and investment world, many people do not know how to buy the cryptocurrency Bitcoin, but doing so is as simple as signing up for a mobile app. With cryptocurrency back in the news again, now’s a better time than ever to delve into the weeds and learn more about how to invest. Here's a breakdown of everything you need to know in order to start buying bitcoin.