3 Ways to Buy Bitcoin : Get Started Now

Explore the world of Bitcoin (BTC) investments in this video, where I delve into three distinct methods: ETFs, digital custody wallets, and non-custody digital wallets. I’ll guide you through each option, explaining how Bitcoin ETFs offer a traditional investment route, how digital custody wallets provide security through a third-party, and how non-custody digital wallets give you complete control over your crypto assets. Perfect for beginners and seasoned investors alike, this video demystifies each method, helping you make an informed decision on how to buy and hold Bitcoin.

Invest in Bitcoin via ETFs:

Buy Bitcoin ETFs through online brokerages like Schwab, Fidelity, or IBKR.
ETFs are based on the current price of Bitcoin and are the fastest and easiest way to get exposure without needing to manage digital wallets.

Use Digital Wallets (Custodial and Non-Custodial):

Custodial wallets (e.g., Coinbase, Blockchain.com) hold Bitcoin on your behalf.
Non-custodial wallets (e.g., Coinbase Wallet, Metamask) give you full control with a passphrase, similar to having cash in your pocket.

Understand Custodial vs. Non-Custodial:

Custodial: The service holds the Bitcoin, and you don’t have direct access to the keys.
Non-Custodial: You hold the keys and control the Bitcoin directly, reducing risk but requiring more responsibility.

Risks and Considerations:

Custodial services are not FDIC insured, meaning your crypto is not protected in case of service failure.
Examples of failed services include BlockFi and Celsius, highlighting the importance of understanding the risks of custodial wallets.

Getting Started:

Buy and sell Bitcoin ETFs for ease and liquidity.
Use exchanges like Coinbase to buy Bitcoin and then transfer to a non-custodial wallet for more control.
Consider hardware wallets (e.g., Trezor) for secure, offline storage.