This morning, Tesla (TSLA) announced that it has invested $1.5 billion into Bitcoin and will soon accept Bitcoin as a payment method. As. a result, the price of Bitcoin has soared to a record high above $43,000. Investors now want to know where to buy Bitcoin because many expect the price to continue rising. Find out how to buy Bitcoin fast.
How & where to buy Bitcoin ‘stock’ right now
First things first, many people think Bitcoin is some kind of stock, but we’ll quickly clear that up for you: it isn’t. Bitcoin is a form of cryptocurrency.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
If you want to buy Bitcoin right now, using a reliable broker is a good way to get involved. To save you some time, we have compiled a list of the best Bitcoin brokers to buy and trade Bitcoin with. Simply follow one of our links below, open an account, load up your funds, and buy Bitcoin today.
A popular option for investors, eToro is one of Europe’s largest trading platforms. Individuals can easily buy Bitcoin and other cryptocurrencies using eToro.
IG is one of Britain’s largest brokers, and it is a good destination for buying Bitcoin. If you want to take advantage of the latest Bitcoin price surge, and you want to do it quickly, IG is a good option.
AvaTrade was established in Ireland in 2006, and it represents a good combination of the reliability of a large brokerage combined with the innovation of something newer. If you want to invest in Bitcoin, AvaTrade can satsisfy your crypto demands.
If none of these brokers are too your liking, check out our reviews page or our page on the best Bitcoin brokers for more options. If you don’t want to use a broker, you can also use a cryptocurrency exchange to purchase Bitcoin like Binance, BitMEX or Bitpanda.
What is Bitcoin?
‘Bitcoin stock’ is a common misnomer. As previously mentioned, Bitcoin is a cryptocurrency: encrypted digital money that isn’t regulated by a central authority like a bank. It is a decentralised form of finance (DeFi).
Bitcoin is governed through direct democracy as changes to the system are voted on by users. Transactions are verified by Bitcoin miners on something called a blockchain, which is like a ledger book. Investors can buy Bitcoin and store them in a Bitcoin wallet, and they can also trade Bitcoin. We have an in-depth course on our website explaining how to do so. To keep track of the latest Bitcoin news, check our our news section.
Bitcoin price soars: the market reacts
In the wake of Tesla’s announcement and Bitcoin’s subsequent rise, news publications and investors have had plenty to say.