Bitcoin is on the rise!

Bitcoin's popularity is growing quickly, but the cryptocurrency's price has also seen unpredictable fluctuations. Several investors have leaped to Bitcoin, and a few have gained millions due to the wild journey it has been on, particularly in the previous few years.

There are a few options for getting your hands on bitcoins since you're interested in this decentralized form of digital currency. According to a survey, approximately 16% of Americans have invested or traded with Bitcoin, proving that digital currency is on the rise!

Several established brokers and a few up-and-coming ones sell them directly or via intermediaries. Purchasing bitcoins has never been simpler, and you can probably do so at a cheaper fee than in the past.

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Bitcoin: what is it

Bitcoin is one of many decentralized digital money not regulated by any central authority, including banks or governments. It was introduced in 2009 and made history as the world's first cryptocurrency.

Satoshi Nakamoto, the founder of Bitcoin, said that the purpose of the currency was to "enable internet transactions to be transmitted directly through one person to the next without passing via a banking institution."

Bitcoin now accounts for 41% of the cryptocurrency industry's total value, estimated at $1.1 trillion. Bitcoin was first designed as a payment system, but it has now become a valuable asset. 

Bitcoin (BTC) is widely held and sometimes alluded to as "digital gold" because of its perceived worth as a repository of money.

But how does Bitcoin work? Let's find out!

To ensure the integrity of the Bitcoin network, cryptocurrency miners use a proof-of-work unanimity technique to validate each transaction. A network of miners must validate every transaction in the blockchain as part of a verification procedure called work proofing.

This can take anything from 5 to 10 minutes for Bitcoin. That's a longer process than most other currencies and much more so than traditional payment systems. However, several stores and online marketplaces, including Microsoft, Overstock, and Whole Foods, embrace Bitcoin as payment.

Best platforms to buy bitcoin online in 2022

Over the years, we have tried to buy Bitcoin using many different platforms over the internet. Some of them have disappointed us with their features, while some of us have lived up well to their reputation. The following are some of the best platforms that we recommend to our users:

1. MoonPay

Number one on our list is MoonPay. Its goal is to streamline the process of purchasing bitcoin, which has proven to be challenging in a decentralized business where numerous other companies have made similar attempts. 

MoonPay's user interface is sleek and web-based, allowing users to join up, authenticate their identification, and complete a credit card payment on the same page.

MoonPay wants to become an indispensable intermediary between crypto-focused businesses and consumers who prefer to utilize fiat currency for transactions. 

For instance, buyers and sellers of NFTs (non-fungible assets) are limited to cryptocurrencies in most other marketplaces. You can Buy Bitcoin from MoonPay, which allows makers to sell NFTs to customers who might not be familiar with cryptocurrency.

MoonPay is on par with some of the best cryptocurrency exchanges thanks to its support for about 40 cryptocurrencies. MoonPay supports a variety of cryptocurrencies, including Ethereum and USDC forks that can be utilized on different blockchains.

2. eToro 

You can be familiar with the name eToro. You can visualize their company emblem in your head because of their uniqueness. eToro is among the most well-known websites for stock trading and other investment derivatives, which is why it is so popular. 

In addition, they now provide services for investment and trading in cryptocurrencies. eToro has more than 20 million members on its platform, comprising all of its many products. When searching for a place to get bitcoin, eToro should be considered one of the top options.

3. Coinbase 

Coinbase, which began operations in 2012, is regarded as the premier destination for purchasing bitcoins by most investors. 

Coinbase decided to go public in April of 2021 and now has more than 68 million customers. The network is accessible in over 100 countries, and it accepts over one hundred different bitcoins, with new ones being introduced regularly.

4 other ways to get Bitcoin faster

Bitcoins can be purchased instantly, both online and offline. It would help to decide which of the available payment methods is most convenient.

• Bitcoin ATMs

You can use a Bitcoin ATM to acquire bitcoins directly. However, the fees associated with this method are likely to be substantially higher than those associated with other methods. 

You can use cash or a debit card at certain ATMs to acquire bitcoins, while in other cases, you can sell bitcoins.

• Trading Applications

You can purchase bitcoin and other virtual currencies immediately through trading applications. It's not that challenging and doesn't take much time, either. Naturally, the user-friendly site will allow you to purchase stocks, ETFs, and alternatives.

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• Cryptocurrency Exchanges 

Many people use a cryptocurrency exchange. Traders can benefit in many significant ways from using an exchange. The finest digital currencies include the industry's most competitive total trading fees.

If saving money is your top priority, they are your best option. Secondly, unlike traditional markets, many cryptocurrency exchanges do not include margin markups in their trading pricing. 

Finally, you can keep your bitcoin safe using one of the various wallets provided by the crypto exchange.

• Financial Applications 

You can now buy and sell cryptocurrencies using a variety of banking and payment applications, including PayPal and Venmo. Buying and selling bitcoins by using the same software you use to send and receive money online is made very simple by PayPal. 

Fees start at $0.50 for deals worth less than $5 and increase from there. It costs 1.8 percent for trades between $200 and $1,000 and 1.5 percent for trades beyond $1 million.

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Take these elements into consideration when investing in Bitcoin

The answer to where you can purchase Bitcoin best would vary from person to person, depending on what qualities you value most. 

As you compare the many cryptocurrencies, dealers, and applications, here are a few factors to think about:

• Educational resources of the platform 

Regarding digital currencies, several major bitcoin exchanges provide enormous archives of publications, webinars, and courses to assist consumers in understanding. 

Even for Bitcoin experts, this can be a game-changer when trying to find the best website to purchase Bitcoin.

• User-friendliness 

This might have several meanings depending on the kind of investment. For instance, somebody just starting with Bitcoin trading and expecting to make only infrequent purchases and sales of virtual money might want the simplest feasible user interface. 

However, a professional Bitcoin trader who deals with many transactions daily can benefit from a more robust trading system, such as charting tools, order options, etc.

• Platform's bonuses 

A few of our recommended exchanges are not only the quickest places to acquire Bitcoin, but they also provide very attractive new user welcome packages. 

In addition, many need just a little investment to get started. The bonus offers presented by a particular network should NOT be the determining factor, but they can be used to break a tie.

• Investment selection

All of the options above should reliably serve as Bitcoin purchase options. Finding a platform with a wide variety of cryptocurrencies is important if you intend to diversify your holdings or enter the cryptocurrency exchange market. 

If you'd want to invest in Bitcoin and equities in the same location, you'll have to find a website that allows that.

• Fees/Charges

It's important to shop around when looking to buy or sell Bitcoin since prices can vary widely across different cryptocurrency exchange marketplaces. 

The cost of each service is a significant consideration, albeit it shouldn't be the only one.

Last but not least: 3 benefits you'll gain from buying Bitcoin 

Below, we'll go over three main causes why numerous traders in the US and elsewhere are eager to get into Bitcoin.

• Earn interest on investment 

There are a growing number of services where you can open a cryptocurrency wallet and store a variety of currencies, including Bitcoin, and then profit passively from their price fluctuations. 

The cryptocurrency income platform Aqru provides an attractive 7% interest return on Bitcoin contributions, making it one of the greatest Bitcoin interest accounts available.

• Quick and decentralized transactions 

Bitcoin's network isn't among the most effective, but it's still far quicker than other methods for international payments. 

Bitcoin transactions, for example, take only 10 minutes to reach their destination regardless of the sender's and the recipient's locations.

• Buy the dip

This might be the best time to purchase Bitcoin during a downturn in the whole cryptocurrency market. It occurs whenever there is a gradual decrease in the bitcoin price. 

Even though this usually discourages new investors from entering the market, purchasing the dip would enable you to do so at a bargain. Bitcoin's price reached $69,000 in 2021, attracting much media attention. In January of 2022, though, the digital token's value dropped to $33,000.

You can read more about Bitcoin and other crypto currencies' prices.

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So, are you ready to invest in Bitcoin?

To maximize your return on investment, buying Bitcoin or any digital currency should be done with as little outlay as possible. Given the industry's infancy, numerous brokers would jump at the chance to earn the highest possible profits by trading cryptocurrencies. Find a solution to reduce these frictional expenses to maximize your revenues.

Bitcoin's rapid price increase attracts a lot of investors today. However, Bitcoin should be avoided by those seeking safe investments or by those who cannot bear to lose anything or at least only trade with risk capital. Sometimes, cryptocurrencies crash in a day and lead your investments to nowhere!

Writer’s Bio

Tayyab is a diction enthusiast and an SEO buff with a CS background. He's been serving the SAAS & PAAS world for the last five years. Let’s connect on LinkedIn.