How to buy Bitcoin and other crypto using USD
Coinbase, for example, is one of the major platforms that transact cryptocurrencies. The good thing about Coinbase is that you investors get $10 for every $100 invested.
To get started, you will have to open a Coinbase account and link it with your credit card or bank account.
The next step is to transfer money from your bank account in order to buy BTC. Buying BTC using a credit card is very expensive.
1. Coinbase
As mentioned earlier, Coinbase is one of the safest and reliable ways of investing in Bitcoin.
This is because it is directly linked with USD. The downside of it is that currently only three types of cryptocurrencies can be transacted. They include Bitcoin, Litecoin, and Ethereum.
2. BlockFi
BlockFi is a cryptocurrency investment platform that gives you an opportunity to earn interest in your holdings.
Besides, you can also borrow tokens and coins against your holdings instead of selling them. BlockFi is a great option if you just want to hold coins and earn interest.
3. Robinhood
Robinhood gives free cryptocurrency trades to its investors. The platform currently operates in a few states and deals with just Ethereum and Bitcoin.
The company however plans of expanding to other states and add a number of cryptocurrencies.
4. eToro
eToro has been in existence for some time in Europe and the United Kingdom. But now traders in the United States can also access the platform.
The company provides a wide range of digital assets that investors can buy and sell on the platform.
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