Buying Bitcoin is one of the most well-known practices in the crypto sector. Owning Bitcoin has been a coveted goal for many enthusiasts and experts, especially given the monumental milestones achieved by the asset in 2021.
Just a few months ago, Bitcoin reached new all-time highs, surpassing $60,000 per unit in late 2021. This surge stunned the market and drew immense interest to this specific cryptocurrency.
Now that the crypto sector is facing challenges, with Bitcoin dropping below $20,000 in June 2022, it’s become increasingly difficult to determine whether buying BTC is the right strategy.
Let’s explore Bitcoin’s current trends, whether experts consider today’s prices a good entry point (to buy Bitcoin), and, most importantly, which methods to use for purchasing the cryptocurrency.
What Is Bitcoin (BTC)?
Before diving into functional aspects, let’s briefly clarify what Bitcoin is and its purpose. It’s primarily a historic cryptocurrency, officially introduced in 2009.
Back then, the crypto sector wasn’t comparable to today’s landscape, but the idea of digital currencies—intangible and non-physical—was slowly gaining curiosity.
Bitcoin’s creation is attributed to Satoshi Nakamoto, a pseudonym that still doesn’t correspond to any known individual or group of experts.
From a technical perspective, Bitcoin is part of the Proof of Work cryptocurrencies, which require mining processes to solve network calculations essential for validating transactions.
These characteristics make Bitcoin a true medium of exchange—a tool for transactions. Over time, however, new projects have led to the creation of faster, more efficient, and scalable ecosystems.
Despite this, BTC remains a key asset in multiple sectors, representing the world’s most capitalized cryptocurrency, with a value exceeding $62,000 per unit.
Bitcoin Value (BTC/EUR) – Real-Time Chart
Beyond its role as a crypto ecosystem, Bitcoin is a full-fledged cryptocurrency with its own price movements, visible in real-time charts.
The chart below allows you to track the exchange rate between BTC and the US Dollar (USD).
By setting a long-term chart, you can identify all major all-time highs and compare them directly with current fluctuations. This reveals a dynamic and highly volatile trend.
Bitcoin’s value, like all cryptocurrencies, changes moment by moment. Keeping real-time charts handy is essential to track the asset’s current price.
How to Buy Bitcoin: Step-by-Step Guide
One of the fastest methods to buy Bitcoin is through top global exchanges. Before exploring all available options, here’s a quick and exhaustive step-by-step guide on purchasing BTC.
Unlike in the past—when buying Bitcoin was complex—today, the process is simplified. You only need:
- A registered account;
- A computer or mobile device;
- A stable internet connection.
The registration phase typically follows the same steps. For instance, the renowned exchange eToro offers both quick registration (via Facebook or Google) and manual entry (via form completion).
Next is identity verification (KYC). This security measure requires uploading a valid ID. Once verified, users can fund their accounts via multiple payment methods, including:
- PayPal;
- Credit/debit cards;
- Bank transfers.
The final phase is execution. After locating Bitcoin in the asset list, clicking "Invest" opens the trading interface, displaying real-time data. Based on analysis, traders can swiftly execute strategies.
eToro also features a multi-currency wallet with private keys for secure storage.
Where to Buy Bitcoin
Several methods exist to invest in Bitcoin, each catering to different needs:
- Crypto exchanges: Centralized (e.g., Binance, eToro) or decentralized (e.g., PancakeSwap).
- CFD brokers: Trade Bitcoin derivatives without owning the asset.
- Bitcoin ATMs: Physical machines accepting fiat (sometimes cash).
Always rely on regulated, professional platforms suited to your operational style.
Buying Bitcoin on Exchanges
Centralized exchanges remain the most common method. Purchasing physical Bitcoin involves holding the asset in crypto wallets—many exchanges offer integrated wallets for storage, sending, and receiving.
Bitcoin Trading via CFD Brokers
CFDs (Contracts for Difference) allow trading Bitcoin’s price movements without ownership. Traders can strategize long (bullish) or short (bearish) positions.
Buying Bitcoin with Credit/Debit Cards
Top exchanges like eToro accept cards with international circuits (VISA, MasterCard). Prepaid options (e.g., PostePay) are also supported.
👉 Best platforms for crypto purchases
Buying Bitcoin with PayPal
PayPal integrates Bitcoin purchases directly for some users. Alternatively, exchanges like eToro accept PayPal deposits.
Where to Store Bitcoin
Securely storing BTC is critical. Options include:
- Exchange wallets (e.g., eToro’s built-in wallet).
- Hardware wallets (e.g., Ledger, Trezor) for offline security.
Why Buy Bitcoin?
Bitcoin is a high-risk, high-reward investment due to its volatility. Beyond transactions, BTC has expanded into decentralized finance (DeFi) and even legal tender (e.g., El Salvador).
Is Bitcoin a Good Buy Today?
With BTC’s sharp drop in 2022 (below $18,000), opinions are split:
- Some see current prices as a discounted entry point.
- Others await regulatory clarity before bullish moves.
Historically, buying at ~$20,000 (2020) led to massive gains by late 2021 ($60,000+).
Bitcoin Minimum Purchase
Exchanges allow fractional Bitcoin purchases (e.g., 0.01 BTC), eliminating the need to buy whole units.
Bitcoin Price Predictions
Analysts like Blockchain CEO Peter Smith speculate Bitcoin could hit $500,000 by 2030, driven by mobile payment adoption and macroeconomic factors.
Short-term targets: $42,000 (return to April 2022 levels).
Long-term targets: $70,000+ (new ATH).
Bitcoin ATMs
While Bitcoin ATMs exist (e.g., Robocoin in Italy), their high fees (6–8%) make exchanges a better choice.
Conclusion
Buying Bitcoin is accessible via multiple methods—exchanges, CFDs, or PayPal. Prioritize regulated platforms like eToro for security and ease.
👉 Start your Bitcoin journey today
FAQ
How much does Bitcoin cost?
Bitcoin’s price fluctuates constantly—check real-time charts for live rates.
Can I buy Bitcoin at tobacconists?
Only in select countries via QR vouchers. In Italy, use regulated exchanges.
Where to buy Bitcoin cheapest?
Opt for low-fee platforms like eToro or Binance.