How to buy Bitcoin in the USA: A beginners guide to cryptocurrency
As Bitcoin hovers around $95,000, coming off a record-breaking year, new investors may worry they’re too late to cryptocurrency — but proponents argue the digital currency is still new and untapped compared to traditional investments.“It’s still early.It’s the best time to get involved now,” Charles St.
Louis, chief executive of DELV, which builds crypto infrastructure, told The Post.“There’s still a lot to do, a lot to build before it really becomes mainstream.”For newbies, investing in cryptocurrency can be overwhelming – so here are the first steps to take when you’re ready to buy or invest in cryptocurrency in the US.Your first step when investing in Bitcoin or cryptocurrency is to choose a form of payment.These methods include credit cards, mobile apps like PayPal or Apple Pay, bank transfers or even cash at physical Bitcoin ATMs.Each payment method comes with its own set of benefits and drawbacks.Credit cards are a popular choice, since they are accepted by most crypto platforms and make for speedy transactions.
Purchases are processed almost immediately when using a card.Some crypto platforms, however, charge fees for credit card use, which can quickly add up.Credit card use also welcomes more oversight from your bank.Banks often flag crypto purchases as potential fraud and blocking the transaction.
In some cases, certain credit card companies may refuse to authorize crypto transactions.Another option is mobile payment systems like Apple Pay or Google Pay.These apps offer enhanced biometric security measures, requiring users provide their fingerprint or a scan of their face to unlock the payment.Investors will need to select a payment method, like credit cards, bank transfers or mobile apps.And like credit cards, mobile payment systems make the process quick and simple – just a few taps and you could own some crypto.But most mobile payment systems link to a credit or debit card, so you could end up facing the same high fees and regu...