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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.
Our platform works on the principle of peer-to-peer finance, which enables you to buy bitcoins, stablecoins and other cryptocurrencies directly from other users like yourself, without involving banks or corporations. You’ll become part of a community made up of over three million users, who have all come to us with the goal of gaining control over their finances.
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.

Our platform works on the principle of peer-to-peer finance, which enables you to buy bitcoins, stablecoins and other cryptocurrencies directly from other users like yourself, without involving banks or corporations. You’ll become part of a community made up of over three million users, who have all come to us with the goal of gaining control over their finances.


Depending upon the exchange, there may be benefits and disadvantages to paying with cash, credit or debit card, or bank account transfer. For instance, while credit and debit cards are among the most user-friendly methods of payment, they tend to require identification and may also impose higher fees than other methods. Bank transfers, on the other hand, typically have low fees, but they may take longer than other payment methods.
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