On this page you'll learn how to Buy Bitcoin aka digital gold. Bitcoin is the first cryptocurrency ever created. Today, it is the most valuable and widely adopted crypto asset. Find out everything you need to know about buying, using, holding and securing your BTC.
What is Bitcoin (BTC)?
Bitcoin [BTC] is the first crypto-currency. It was introduced in 2009 by an unknown person named Satoshi Nakamoto in the famous whitepaper, “Bitcoin: A Peer-to-Peer Electronic Cash System.”
The very first sentence of the whitepaper couldn’t portray its purpose more clearly: “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” Bitcoin removes (not so) trusted third parties, giving everyone complete control over their own money.
Is Bitcoin (BTC) a good investment?
Bitcoin is more than just money. It’s a digital revolution, a new system where you can make your own moves.
Bitcoin allows you to truly own your funds. Bitcoin blockchain is a decentralized network that removes the need to trust third-parties. No bank or institution controls your money. With Bitcoin, you have complete freedom to choose what you want to do with your assets.
Bitcoin is a truly borderless network. Whether you are in the United States or in Japan, you can access your cryptocurrencies. Crypto helps bring the world closer together, giving you the choice to quickly make transactions with anyone, anywhere.
Open and Inclusive
Bitcoin has been created by individuals rather than governments and is maintained by a growing community— giving the network stability and power. Bitcoin is transparent. You can see every transaction that was ever made due to its public nature. Most importantly, anyone can join.
A Bitcoin transaction would take only around 10 minutes, and some other crypto assets can even do this in a few seconds. Compared to cryptocurrencies, a traditional wire transaction takes quite a bit longer: about 24 hours if it’s a national transaction. For international ones, this can be anywhere between 1 to 4 days.
In traditional banking systems, national transfers can contain fees for wire transactions, and charges increase with a transactions’ size. If you make an international transaction, this fee increases even more. With Bitcoin, transaction fees are lower than traditional wire transfers. Whether you send a little or a lot – this has little impact on your fees.
How to use Bitcoin (BTC)?
HODL your Bitcoin Long-term
A long-term investment is one where you expect a cryptocurrency to perform better over a longer period of time. This strategy is often referred to as holding your coins for a long time period while betting on the continuous and gradual growth. Choosing this strategy, it is really important to be well-informed, educating yourself, before investing and, ideally, to really believe in the cryptocurrency you invest in. Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.
Trade your Bitcoin Short-term
These are investments made over shorter time periods in the hope of making quick profits and can take seconds, minutes, days or more. Although crypto like Bitcoin or Ethereum can be traded in the short-term, you could be more interested in young and new cryptocurrencies with quick growth potential. Of course, as a financial asset, cryptocurrency can be part of an investment strategy, bought, traded or held in an attempt to make money.
The investment potential got a lot of public attention during the Bitcoin boom of 2017.
Buy Bitcoin with Ledger Live
You can Buy Bitcoin directly through the Ledger Live app with our partners.
When using the Buy feature on Ledger Live, the crypto you bought is automatically sent by our partners to the address created by your Ledger wallet. This makes sure your freshly bought bitcoin is kept secure and in your control from the moment you finished the purchase.
How to safely
Why choose Ledger
When buying Bitcoin, two things really matter: the security and the ownership of your coins. If you purchase Bitcoin online, you don’t own your private key, the exchange platform does. This means two things:
- You are not in control as you are not the true owner of your crypto.
- You are prone to being hacked because your security relies on an exchange platform which is the ideal target for hackers.
Ledger created a solution that enables you to secure and own your key. Our hardware wallet, combined with Ledger Live, is the best way to secure and manage your digital assets. Your private key always remains offline in the hardware wallet. No one can access it or use it except you. You’ll need your key to access Ledger Live.
With Ledger, buy, sell and grow your crypto all in one single place without ever compromising the security of your coins.