Rank: Member Joined: 12/30/2012 Posts: 545 Location: NBI
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REsident Crypto expert here :)
2 ways essentially
1. buy actual bitcoins from a bitcoin exchange. Ideally, it works like ALL other exchanges. Swap fiat for bitcoins per market price plus a premium ( a fee for the transaction).
2. buy into a bitcoin trust/etf/financial product. this method allows investors to buy into bitcoin like they would stocks. Visit a broker, place a buy order into a trust of your choice.
Currently, only Private Placement Over the Counter investment trusts are available because of regulation set to change very soon.
3. There is a third way. bitcoin is peer to peer, so does not require a 3rd party to intermediate. Thus, you could find someone willing to sell/buy and exchange fiat for bitcoin or vice versa. It could be in cash, cheque, bank deposit -- whatever! It depends on what both parties agree on.
In 1 & 3, a wallet is required to hold bitcoins. YOU are in control of your bitcoins! No one else.
In 2, YOU are essentially trusting a 3rd party to hold their end of the deal. You do not have control of your bitcoins.
Once you have your bitcoins, you can choose to hold, trade, exchange -- at your discretion. They will always be yours until the day you opt to dispose of them.Essentially, you are holding a non interest yielding asset like any other. How do you invest in land? BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
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