Bankless Times

How to Buy Bitcoin in 2024

Dominikas Pupkevicius
Dominikas Pupkevicius
March 8th, 2024
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Bitcoin (BTC) is the largest digital currency in terms of market capitalization. When it comes to investing in cryptocurrency, Bitcoin is one of the main crypto assets for most crypto enthusiasts. Due to Bitcoin’s insane popularity, it’s listed on most cryptocurrency exchanges, making it difficult for newcomers to identify the best crypto exchanges from the entire lot.

For this purpose, we have curated this comprehensive guide, disclosing the best cryptocurrency exchanges and brokers to use when you purchase Bitcoin. These crypto exchanges have been cherry-picked based on multiple important parameters. Moving forward, you will also find other ways you can earn money with Bitcoin in 2024.

How Do Beginners Buy Bitcoins?

Two primary methods for purchasing Bitcoin are through Bitcoin wallets and centralized crypto exchanges. Additionally, certain traditional online brokers and a handful of money transfer apps also facilitate Bitcoin transactions. To begin, determine the amount of Bitcoin you wish to purchase.

Best Crypto Exchanges to Buy Bitcoin

Sort by
eToro8.7Visitetoro.com

Don’t invest unless you’re prepared to lose all the money you invest.

Plus500 CFD Broker9.8Visitplus500.com

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Pepperstone9.0Visitpepperstone.com

Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Eightcap8.8Visiteightcap.com
Webull8.3Visitwebull.com
Coinbase8.4Visitcoinbase.com
Changelly7.4VisitChangelly.com
Trading 2128.4Visittrading212.com

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Plus500

Plus500 most beginner-friendly platform as it offers an educational section containing many courses. Moreover, you can open a demo account to test the crypto trading app before risking real money.

Binance

Binance is one of the renowned cryptocurrency exchanges with ultra-low trading fees and intuitive trading interfaces. On top of that, the platform supports multiple trading pairs for Bitcoin, making it convenient to convert most coins into BTC.

Coinbase

One of the top choices is Coinbase because the platform provides a premium service for beginners with its simple interfaces, quick deposit times, and educational content. Also, the Advanced Trade feature comes with charts and multiple order types that can help buy Bitcoin.

Best Wallet to Buy and Store Bitcoin - Bitcoin Wallet Comparison

Bitcoin wallets are software or hardware devices that store your cryptocurrency investments. They offer far superior protection than exchanges, and you have ownership of your coins, remember, not your keys, not your coins. Therefore, you want to withdraw to a personal crypto wallet (like Trust wallet). The wallets below are compatible with multiple coins, so you can store Bitcoin and other cryptocurrencies.

Provider

Wallet Type

Get Started

🥇 Ledger Nano X

Hardware

Start with Ledger now

🥈 Trezor Model T

Hardware

Start with Trezor now

🥉 Trust Wallet

Software

Start with Trust Wallet now

How to Sell Bitcoin in 2024 Using Coinbase?

To sell cryptocurrencies like BTC is a smooth process with Coinbase. Here’s a simple guide to selling Bitcoin and cashing out your investment:

  • Step 1: Sign in to Coinbase and click on the Buy & Sell button. Make sure you select the Sell tab.

  • Step 2: Select Bitcoin as the cryptocurrency to sell, enter the amount you want to sell, and then click the Sell button.

Buy Bitcoin Using CFDs - Best for Trading

Contract for difference (CFD) is a different way of investing in Bitcoin. These contracts are issued by crypto brokers like eToro and Eightcap. However, with this method, you cannot spend your Bitcoin BTC because you are purchasing a derivative product.

Provider

Fee (USD 1000)

Get Started

🥇 Pepperstone

Minimum spread of 30

Start with Pepperstone now

🥈 Eightcap

The minimum spread is 12.

Start with Eightcap now

Pepperstone

Pepperstone is brilliant for investing due to its straightforward trading interfaces and deposit methods. It provides a choice of trading platforms and assets across multiple markets.

Eightcap

Eightcap has many useful features like trade order types, different trading software, educational content, and a news section. It also comes with an interactive smartphone app that lets you trade while on the go.

Best Apps to Buy Bitcoin - Most Convenient

Trading on a smartphone app is convenient with the listed options underneath. They all provide interactive screens, Bitcoin BTC trading, and popular deposit methods. Also, some of the crypto exchanges have an instant buy section, letting you conveniently use a bank card to buy BTC.

Provider

Fee (USD 1000)

Get Started

🥇 Plus500

Variable

Download now

🥈 Crypto.com

Starting from 0.075%; varies based on trading volume.

Download now

🥉 Coinbase

Starting from 0.6%; varies based on trading volume.

Download now

Buy Bitcoin With Exchanges - The Cheapest Way

Cryptocurrency exchanges offer the best trading experience along with competitive fee rates. After searching through the marketplace, Binance, KuCoin, and Kraken are the most cost-effective. Also, Binance and KuCoin have native tokens that give a discount on fees.

Provider

Fee (USD 1000)

Get Started

🥇 Binance

Starting from 0.1%; varies based on trading volume.

Start with Binance now

🥈 KuCoin

Starting from 0.1%; varies based on trading volume.

Start with KuCoin now

🥉 Kraken

Starting from 0.26%; varies based on trading volume.

Start with Kraken now

Buy Bitcoin on Binance: Step-by-Step Guide

Step 1: Open Binance and Register
Step 2: Deposit Money
Step 3: Open the Trading Interface
Step 4: Complete the Trade
Step 5: Confirm the Transaction Using the Blockchain Explorer

Buy Bitcoin Using Decentralized Exchanges (DEX) - The New Way

DEXs (Decentralized exchanges) are dApps built on top of a blockchain network like Ethereum or BNB Smart Chain that facilitate trade orders using a liquidity pool system. You can start using a DEX by connecting your decentralized wallet like MetaMask (if using an Ethereum-based DEX) and selecting the tokens you want to swap. They do not require ID verification and are not regulated. The most user-friendly dApps are:

Provider

Fee (USD 1000)

🥇 SimpleSwap

Varies

🥈 ThorSwap

Varies

🥉 Bisq

0.88% of the purchase order.

Can You Buy Bitcoin Using P2P Services?

Peer-to-peer platforms connect buyers and sellers for a small fee. You can purchase Bitcoin from verified sellers with a set price for each coin. Alternatively, you can set up a location and time of where to make a trade.

Provider

Fee (USD 1000)

🥇 Localbitcoins

Starts from 0.1%; varies based on trading volume.

🥈 Paxful

Starts from 0.1%; varies based on trading volume.

🥉 Bisq

0.88% of the purchase order.

Can You Buy Bitcoin Using Other Trading Platforms?

Bitcoin BTC being the first cryptocurrency ever created and having the largest market cap, it’s listed on most platforms offering cryptocurrencies. The table below will disclose the fees and if BTC is listed in their crypto exchange.

Cryptocurrency Platform

Can You Buy Bitcoin?

Fee (USD 1000)

Review

Binance

Yes

Starting from 0.1%; varies based on trading volume.

Binance review

TD Ameritrade

Yes

$0 commissions

N/A

Bitstamp

Yes

Starting from 0%; varies based on trading volume.

Bitstamp review

Bittrex

Yes

Starting from 0.35%; varies based on trading volume.

Bittrex review

Coinbase

Yes

Starting from 0.6%; varies based on trading volume.

Coinbase review

Poloniex

Yes

Starting from 0.155%; varies based on trading volume.

Poloniex review

BitMart

Yes

Starting from 0.25%; varies based on trading volume.

N/A

Bitrue

Yes

Starting from 0.098%; varies based on trading volume.

Bitrue review

BlockFi

Yes

Starting from 1% spread; varies based on trading volume.

N/A

CoinDCX

Yes

Starting from 0.2%; varies based on trading volume.

N/A

CoinSwitch

Yes

Starting from 0.5%; varies based on trading volume.

N/A

Crypto.com

Yes

Starting from 0.075%; varies based on trading volume.

N/A

EtherDelta

No

N/A

N/A

E*TRADE

No

N/A

N/A

Fidelity

Yes

$0 commissions

N/A

Gate.io

Yes

Starting from 0.2%; varies based on trading volume.

N/A

Hotbit

Yes

Starting from 0.2%; varies based on trading volume.

N/A

Kraken

Yes

Starting from 0.26%; varies based on trading volume.

Kraken review

KuCoin

Yes

Starting from 0.1%; varies based on trading volume.

KuCoin review

Robinhood

Yes

$0 commissions; varies based on order flow fee and trade volume.

N/A

Uphold

Yes

Buy spread of 0.85%.

N/A

Venmo

Yes

The fee will vary based on the purchase or sale amount.

N/A

Voyager

Yes

$0 commissions

N/A

WazirX

Yes

0.2% commissions

WazirX review

Wealthsimple

Yes

$0 commissions.

N/A

Webull

Yes

$0 commissions.

N/A

What Is the Difference Between Buying Bitcoin and CFDs?

When you purchase Bitcoin from an crypto exchange, you can withdraw, spend, lend, or store it. However, with a derivative product like CFDs, you cannot move your coins and must leave your invested funds within the broker. Buying CFDs means you will be invested in Bitcoin while not actually owning it.

  • Easy to get started with CFDs.
  • Can short or long Bitcoin.
  • Brokers issuing CFDs are secure and regulated.
  • Brokers provide demo accounts so you can test their services before purchasing bitcoin CFDs.

Best Ways to Buy Bitcoin

Here is a rundown of the top platforms for specific payment methods when purchasing bitcoin.

Buy Bitcoin Instantly With Online Banking - The Fastest Way

Buying Bitcoin with a bank transfer is a popular deposit method because it’s fast and cheap. Coinbase is the overall best platform for purchasing bitcoin via bank transfer because it's secure, straightforward to set up, and you can use recurring payments.

Buy Bitcoin With PayPal - The Safest Way

Investors can buy Bitcoin with PayPal via the cryptocurrency tab featured on the platform. Also, from your PayPal account, you can deposit to eToro, Binance, and Coinbase.

Buy Bitcoin Using Credit or Debit Card - The Cheapest Way

One of the most low-cost way to buy BTC with a debit card is to use it as a deposit method on Coinbase. Also, avoid using instant buy sections as they have significantly higher fees than the spot trading platform.

Crypto.com is a premium crypto exchange offering several Bitcoin trading pairs at competitive fee rates. The platform accepts multiple funding methods, including credit or debit card.

When you buy Bitcoin with a credit card, you get it all. Even though the payment is fast, we still make sure it indeed is you who's making the purchase. Therefore, you may see things like selfie identification or verifying your card payment on your mobile phone. This only takes a few moments, but it makes it that much safer to buy Bitcoin with a credit or debit card.

Best Platforms to Buy Bitcoin in Other Countries

Laws and regulations can impact the accessibility of exchanges worldwide. Therefore, the top provider in each country will vary based on the nation’s individual cryptocurrency regulations. Here you can explore the best platforms to use along with the starting fee rates.

Country to Buy Bitcoin in

Best Provider

Provider Type

Fee

Australia

Coinbase

Exchange

Starting from 0.6%; varies based on trading volume.

UK

Coinbase

Exchange

Starting from 0.6%; varies based on trading volume.

Bangladesh

eToro

Broker

1% fee for buying or selling crypto.

Canada

Binance

Exchange

Starting from 0.1%; varies based on trading volume.

Hawaii

CEX.io

Exchange

Starting from 0.25%; varies based on trading volume.

India

WazirX

Exchange

Starting from 0.2%; varies based on trading volume.

Japan

BitFlyer

Exchange

No trading fee

Nepal

Kraken

Exchange

Starting from 0.26%; varies based on trading volume.

New Zealand

Binance

Exchange

Starting from 0.1%; varies based on trading volume.

Pakistan

KuCoin

Exchange

Starting from 0.1%; varies based on trading volume.

Philippines

Binance

Exchange

Starting from 0.1%; varies based on trading volume.

Singapore

Crypto.com

Exchange

Starting from 0.075%; varies based on trading volume.

South Africa

eToro

Broker

1% fee for buying or selling crypto.

Thailand

eToro

Broker

1% fee for buying or selling crypto.

UAE

Coinbase

Exchange

Starting from 0.6%; varies based on trading volume.

How To Buy Bitcoin in Europe

You'll be able to buy Bitcoin in Europe using many of the same platforms and processes that are available in the US and other countries. However, there are some things that might differ, as we'll discuss below.

Funding

If you choose a crypto platform aimed at European users, you'll be able to fund your account with EUR, instead of paying a currency conversion fee to convert to USD. You're also more likely to be offered deposit options such as SEPA bank transfers, Sofort, and iDEAL, alongside credit and debit cards.

EU Crypto Regulation

The European Parliament has approved the Markets in Crypto Act (MiCA), which will regulate the crypto industry across the EU. This places various requirements on crypto businesses, such as maintaining ample reserves for stablecoins, warning investors of risks, and becoming liable if they lose users' funds. This is in addition to AML/CTF rules, and the requirement for platforms and private users to record and report their transactions.

MiCA could see crypto investors in the EU better protected than those in other countries. As things stand, many EU member states already have their own laws around crypto. If you want to stay safe and on the right side of the law, it's best to use platforms that are licensed by your local authority or another reputable European regulator. Some well-known crypto regulators for different European countries are detailed below.

  • BaFin - Germany

  • AMF - France

  • CySEC - Cyprus

  • MFSA - Malta

  • Central Bank of Ireland - Ireland

  • Bank of Spain - Spain

  • CSSF - Luxembourg

  • FINMA - Switzerland

Tax on Bitcoin in Europe

Profits made from trading Bitcoin and other cryptocurrencies are taxed in many European countries. You will need to consult your local tax authority to find out how to report your crypto transactions if you want to avoid penalties.

Country

Tax Authority

Crypto Tax

France

DGFiP

Income Tax

Germany

BZSt

Income Tax

Spain

AEAT

Income Savings Tax, Income Tax, Wealth Tax

Ireland

Revenue

Capital Gains Tax, Income Tax

Denmark

Skattestyrelsen

Personal Income Tax, Capital Gains Tax

Austria

BMF

Income Tax

Switzerland

FTA

Wealth Tax, Income Tax

Italy

Agenzia Entrate

Capital Gains Tax, Income Tax

Netherlands

Belastingdienst

Fictitious Gains Tax, Income Tax

Where to Buy Bitcoin in Europe

Here are some of the most popular platforms for buying Bitcoin in various European countries.

Country

Best Provider

Get Started

France

Coinbase

Visit Coinbase

Germany

Naga

Visit Naga

Spain

Bitstamp

Visit Bitstamp

Ireland

Coinbase

Visit Coinbase

Denmark

eToro

Visit eToro

Austria

Bitpanda

Visit Bitpanda

Switzerland

Bitcoin Suisse

Visit Bitcoin Suisse

Italy

eToro

Visit eToro

Netherlands

eToro

Visit eToro

eToro Disclaimer : This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

What Are the Fees When Buying Bitcoin?

This table calculates the costs to purchase Bitcoin and hold it for 30-days.

Platform

eToro Broker

Binance Exchange

Deposit fees

$0

$0

Purchase fees

$10

$1

Holding fees

$0

$0

Selling Fees

$10

$1

Payout fees

$5

$15

Total fees

$25

$17

Cheapest Way to Buy Bitcoin

Crypto exchanges have the best fee structures that work on a tier-based system. This means if you have a high 30-day trading volume, you’ll receive better fee rates when buying Bitcoin.

Moreover, exchanges like KuCoin and Binance have developed their own native cryptocurrencies, that can be used for paying trading fees. KCS gives a 20% discount while BNB gives 25%.

Provider

Fee (USD 1000)

Get Started

🥇 Binance

Starting from 0.1%; varies based on trading volume.

Download now

🥈 KuCoin

Starting from 0.1%; varies based on trading volume.

Download now

🥉 BitFlyer

No trading fee

Download now

What Is the Fastest Way to Buy Bitcoin?

The most convenient method for purchasing crypto with fiat is through credit and debit cards. Card deposits are instantaneous, although the processing time for card withdrawals varies depending on the card-issuing bank. Alternatively, you can also buy Bitcoin using bank transfers, online wallets, or other cryptocurrencies.

What Is the Easiest Crypto Platform to Use?

These crypto platforms were chosen for their fast sign-up processes and easy-to-use interface. Also, all these platforms provide educational resources as a bonus for clients looking to learn topics about investing. The fastest broker is eToro, as it doesn’t feature complicated trading pages, while Coinbase and Crypto.com are ideal options because of their high liquidity with multiple trading pairs.

Provider

Fee (USD 1000)

Get Started

🥇 Plus500

Variable

Get started now

🥈 Coinbase

Starting from 0.6%; varies based on trading volume.

Get started now

🥉 Crypto.com

Starting from 0.75%; varies based on trading volume.

Get started now

eToro Disclaimer : This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

What Is the Cheapest Day to Buy Bitcoin?

Typically, cryptocurrency prices begin the week at lower levels on Mondays and gradually climb throughout the week. However, once the weekend approaches, prices often experience a decline until market activity resumes the following Monday.

How to Buy Bitcoin Anonymously?

Now you’ll discover the top platforms for buying Bitcoin anonymously or without ID verification.

How to Buy Bitcoin Without Registration or KYC?

You can use a decentralized exchange to avoid creating an account or fulfilling the KYC process. These dApps are not owned by a central company, and they do not require verifying your identity to use.

How to Buy Bitcoin Without Verification?

To buy Bitcoin without an ID, you can use a DEX or not verify your account with Binance. In the latter case, you can only deposit cryptocurrency to the exchange and cannot fund your account with fiat currency. After trading on Binance, you can withdraw Bitcoin to the wallet, although you will have transfer limits for not completing the KYC.

Can You Buy Bitcoin Offline?

No, you cannot buy Bitcoin offline, as all cryptocurrency platforms need an internet connection to function.

Should You Buy or Sell Bitcoin?

Bitcoin is the most popular coin bought by individuals, businesses, banks, and institutions. It has led and peaked in all bull runs since its creation. Therefore, most investors would consider Bitcoin an essential asset in their portfolio. If you’re undecided on BTC, here are some pros & cons:

Why should you buy Bitcoin?

Why should you sell Bitcoin?

Bitcoin has the largest market cap.

There are better payment coins, like Cardano.

Bitcoin is decentralized.

Regulations and bans could negatively impact Bitcoin.

Bitcoin is the most popular cryptocurrency.

Drops heavily during bear markets.

BTC is often referred to as digital gold for its store value.

Unregulated.

Bitcoin performs amazingly during bull runs.

Slow transfer speeds compared to other blockchains, like Solana.

Do You Need to Pay Tax on Bitcoin in the US?

Bitcoin investors in the US must pay long or short-term capital gain tax as crypto is viewed as an asset similar to “property”. Also, the amount to pay depends on your tax bracket and how long you hold. For more concrete information, you should check your state’s official websites.

What to Consider When Choosing Where to Buy Bitcoin?

When buying an asset like Bitcoin, there are some considerations to make beforehand. Below are the main factors that should impact your decision on where you’ll buy Bitcoin.

Fees: Platforms apply various fees for using their services. You can find this information on the fee structure page.

Features: The platform you decide to use should have all the required features. If you plan to stake, leverage, or participate in any other investment activity, you should check if the platform provides these features.

Security: Only use platforms that focus on the user experience by providing multiple layers of security. Most exchanges and brokers let their users enable 2-step authentication to add an extra layer of protection. Another method to secure your coins is by whitelisting your crypto addresses on exchanges.

Trading Options: The platform should deliver various trading options to let investors get the best available price. While most users make market trades, this isn’t the best option to get the lowest fees. Therefore, the exchange or broker should have a market, limit, and stop-loss orders on their trading interface.

How to stay safe while buying Bitcoin?

There are a few ways you can keep yourself safe when you purchase Bitcoin. If you're unsure which precious to take, below are some great guidelines.

  • Use Licensed Exchanges: Trusted and well-established exchanges have licenses to operate from government authorities. This can be a great indicator that you can trust the exchange platform since issued licenses are difficult to obtain.

  • Enable 2-step Authentication: Most platforms allow clients to enable 2-step authentication, adding another layer of security. The program works by cycling through random numbers every few seconds, making it almost impossible for hackers to get the correct code.

  • Whitelist Your Crypto Addresses: Whitelisting crypto addresses is crucial if your account gets compromised. By utilizing this feature, cryptocurrencies can only be withdrawn to your approved addresses preventing them from getting stolen.

  • Check the Exchange’s Security Technologies: Most Bitcoin exchanges have a dedicated page that showcases what technologies they use to protect your funds. Thoroughly research this page and only sign up with the platform if you are satisfied with their security measures.

  • Use Cold or Hot Wallets: After buying Bitcoin, you’ll want to withdraw it to a private software or hardware wallets because they provide more security. However, you must keep your private keys safe since this is the only way your funds can get stolen.

Bitcoin Price Prediction: What Is the Future of Bitcoin?

Speculating the future value of Bitcoin is challenging, and many experts have voiced their opinions. This section will cover what can impact BTC’s price.

What Impacts Bitcoin Price?

These are the five main factors that can swing Bitcoin’s value:

  • Demand: Increased demand with lower supply grows Bitcoin’s price as investors are willing to pay more for each coin.

  • Market Status: Bitcoin performs best during bull runs as more money goes into the cryptocurrency market. On the other hand, Bitcoin loses tremendous value during bear markets as its price bottoms out.

  • Regulations: Countries regulating and implementing new crypto laws can impact the growth of Bitcoin negatively or positively. Crypto-friendly nations have more potential investors, which increases the demand for Bitcoin.

  • Adoption: Bitcoin becoming more adopted by individuals and businesses boosts its value as it gets utilized more.

  • Influencers: Bitcoin trending on social media is great for increasing its popularity and demand on a global level. More people find the cryptocurrency market and begin exploring coins like Bitcoin.

Historical Bitcoin Course: Major Milestones in the History of Bitcoin:

Here, you can examine a few major milestones since Bitcoin’s creation:

Current Price Prediction News

Below, you can read about what experts have to say about the future potential of Bitcoin.

Other Ways to Make Money With Bitcoin in 2024

The following part of the guide shows alternative ways to earn money with Bitcoin.

Stake Bitcoin Using DeFi or CeFi

Unfortunately, Bitcoin cannot be staked as it uses a POW (Proof-of-work) consensus mechanism.

Buy Bitcoin Using ETPs (ETFs & ETNs)

Exchange-traded product (ETPs) are securities traded on the stock exchange. The best place to buy Bitcoin ETPs is ProShares.

Buy and Sell NFTs Using Bitcoin

While popular NFT marketplaces like OpenSea, Mintable, and Foundation only allow purchases with Ethereum, the closest any NFT project has come to Bitcoin is Stacks, which verifies NFT transactions on the Bitcoin blockchain. However, you, as a buyer, can only purchase in their native tokens called Stacks.

There is no marketplace where you can buy or sell NFTs with Bitcoin. Hence, you would need to convert your BTC to the NFT platform’s supported cryptocurrencies.

Buy Stocks and Shares in Companies Owning Bitcoin

Tesla is one of the largest global companies investing in Bitcoin. However, the company has sold 75% of its holdings to improve its liquidity position. You can buy their stock conveniently with eToro.

Bitcoin Mining

Bitcoin mining is a process in which your GPU solves complex cryptographic hash puzzles to verify transactions on the bitcoin blockchain. In return, you are rewarded with Bitcoin for allocating your computational power.

Unfortunately, Bitcoin mining is not worth it today as you need to invest in expensive GPUs to be profitable. Also, Bitcoin’s halving is expected on May 4th, 2024. This is when mining each block becomes harder, and rewards are cut in half.

Use Bitcoin Faucets

Bitcoin faucets are platforms that offer a small amount of bitcoins after completing a quiz or a task. The best platforms to earn crypto rewards via faucets are Coinbase and Binance, as these two platforms have a great selection of quizzes to take. However, you are likely to earn different cryptocurrencies, which you can sell after for Bitcoin.

What Cryptocurrencies Are Similar to Bitcoin?

Here you’ll find different payment cryptocurrencies similar to Bitcoin that you may find interesting.

Coin

Symbol

Learn how to buy

Litecoin

LTC

Buy Litecoin

Ethereum

ETH

Buy Ethereum

Dogecoin

DOGE

Buy Dogecoin

Bitcoin Cash

BCH

Buy Bitcoin Cash

Zcash

ZEC

Buy Zcash

Is It Still Worth Investing in Bitcoin or Not?

Bitcoin is a behemoth in the cryptocurrency space in terms of its market cap and global adoption. It has performed best during bull runs and gathered a loyal community that supports a decentralized economy. Factoring in all aspects of Bitcoin, it’s definitely worth buying and holding long-term. Note: Not Financial Advice (NFA).

Will Bitcoin Go Up in 2024?

According to reports, Bitcoin will reach a new all-time high in 2024. BTC is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000.

What Happens if You Invest $100 in Bitcoin Today?

If Bitcoin returns to all-time highs, a $100 investment today would be worth $164.41, representing a return of +64.4%. While it's uncertain whether Bitcoin will reach the ambitious price targets of $500,000 or $1 million set by Ark Invest, a resurgence to its previous all-time highs seems more plausible.

FAQs

What Is the Best Provider to Buy Bitcoin in the US?
What Is the Cheapest Provider to Buy Bitcoin in the Us?
Is It Worth Investing in Bitcoin Right Now?
Is There a Limit to How Much Bitcoin I Can Buy?
Can You Buy Bitcoin on the Blockchain?
What Can You Buy With Bitcoin?
Can I sell Bitcoin using the same service I used to buy it?
What are the safest Bitcoin exchanges?
How do I keep my Bitcoins safe?
Should I store my Bitcoin in a cold or hot wallet?
Is Bitcoin and Bitcoin Cash the same?
How much does Bitcoin ATMs charge per $100?

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Contributors

Dominikas Pupkevicius
Writer
Dominikas is a content and research writer with over 6 years of experience. He is passionate about blockchain technology and believes cryptocurrency is the future of humanity. Dominikas lives in the countryside with his 3 dogs and enjoys long walks.