Buy Bitcoin

Bitcoin is the first decentralized digital currency and the leading cryptocurrency worldwide. Bitcoin serves as a store of value and is therefore often referred to as digital gold. Read our guide on Bitcoin to learn more about this cryptocurrency.

Bitcoin is sometimes abbreviated with its ticker BTC. A few exchanges may also refer to bitcoin as XBT.

The bitcoin price is a market price made up of supply and demand. If more people want to buy bitcoin than sell it, the price will rise. Supply and demand depend on a large number of factors, from technological developments to the monetary policy of the central banks.

You can buy bitcoins on so called bitcoin exchanges on the Internet. Other options are Bitcoin ATMs and peer-to-peer networks, but both usually come with higher fees or higher risks.

A bitcoin exchange is a marketplace where buyers and sellers trade bitcoins. Similarly to stock exchanges, a bitcoin exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

It is possible to buy only a small part of a Bitcoin. The smallest unit of a bitcoin is called satoshi. Each bitcoin can be divided into 100,000,000 satoshi. A satoshi is currently worth around 0.01 cents.

Is now a good time to buy crypto? Frankly, we don’t know.

But there are several strategies when it comes to investing. One approach is to buy in when price slips. In the crypto community this strategy is known as "buying the dip" (BTD).

Another strategy is dollar-cost averaging: investing a certain amount of money on a set schedule, say $100 every Monday morning. Dollar-cost averaging seeks to average out the lows and highs over time.

No matter which strategy you choose, Cryptoradar’s price alerts help you to not miss a dip, and adhere to your investment schedule.

There are risks associated with any investment. Crypto markets are particularly volatile, with large upswings and downswings. Only invest as much as you can afford to lose.

When it comes to choosing a crypto exchange, there are also a couple of thinks to be wary of.

Before you can start trading, a crypto exchange will ask you to verify your identity. This is necessary because of anti-money-laundering laws. The verification process and time can differ significantly and take anywhere from minutes to weeks.

All crypto exchanges charge a fee or a spread to finance their operations. Fees can differ significantly among exchanges, so make sure to get a good deal.

Additionally, make sure that your preferred crypto exchange supports the payment methods of your choice, but be aware of any additional payment fees that may apply.

Last but not least, if you’re new to crypto, make sure that your chosen platform is easy to use and has good customer support. This helps you avoid making costly mistakes.