What is Bitcoin?
Bitcoin is the Cryptocurrency king and no one single entity gets to control it. You can not physically hold it and there is a finite number of these digital Bitcoins. If there were an unlimited supply of Bitcoins then it would be no different from fiat currency and the governments who just keep printing it. The number of Bitcoins available is, and always will be 21,000,000 coins. Bitcoin has no set value and only gets its value because people say it has value. The more people that use it, or want it, the more valuable it will become. All transactions are completely transparent yet no personal data is exchanged. Everything can be seen on the blockchain. If you are willing to pay for, or rent, high end computing components and cover electricity bills, you can actually mine/earn Bitcoins, essentially working for Bitcoin system. All Bitcoin transactions can never be reversed by the sender or the receiver and using this way to exchange value across the internet has little to no fees. Bitcoins can be held in a digital wallet and if you lose that wallet then your coins are lost forever. The final thing to mention about Bitcoin is that more and more places are accepting Bitcoin so you can actually buy things with them.
How Can You Buy Bitcoin?
Get yourself an account at Coinbase and as soon as you buy or sell $100 worth of Bitcoin you will get a free $10 worth added to your account. If you have an account at Coinbase you will also have an account at GDAX since they are both owned by the same company. GDAX is slightly more complicated to understand than Coinbase but does have lower transaction fees. Coinbase and GDAX currently offer Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Funding options vary from country to country and range from Credit Card, Debit Card, and Bank Transfer.
BitPanda offers Dash and has plenty of familiar funding options. They currently allow you to fund your account with Credit Card, Debit Card, Bank Transfer, Neteller and Skrill. You will also have access to Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Dash at one place. BitPanda is based in Austria and well trusted but they are not as big as Coinbase.
Since this is a trading education website I must assume that you are also interested in trading. Cryptocurrencies can be traded for cryptocurrencies or back into fiat currency via cryptocurrency exchanges. This is a style of trading with no leverage which makes it very easy to understand. You can trade with or without charts and therefore decide your own level of complexity. Most amateur traders diving into cryptocurrency are just looking to buy and hold certain cryptocurrencies because they believe in them. With or without charts, less or more involved, the options are both there.
Forex Traders: Bitcoin Can be Traded on MT4
If you would like to trade Bitcoin just as you would any fiat currency or commodity then there are several options. You can even trade on MT4 if that is the software you are used to using and a dedicated page for this has been created for this specific type of trading. Just click the button directly below and choose your Broker.
Binary Options Style Traders: Percentage Win/Loss 1-Click Trading
If you like the idea of 1-click buy or sell trading similar to Binary Options but much better, then there is a great option to do so with Bitcoin. You can now just set the amount of money you wish to risk, at what percventage profit or loss you want out, and then click Buy. No need to own Bitcoin, no need to risk any more than you want on each trade, no hassle and can be done from a mobile device, laptop or desktop.