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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.
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.
1. eToro
A popular option for investors, eToro is one of Europe’s largest trading platforms. Individuals can easily buy Bitcoin and other cryptocurrencies using eToro.
2. IG
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.
3. AvaTrade
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.
BREAKING: Tesla invests $1.5 billion in Bitcoin and expects to start accepting the cryptocurrency as payment https://t.co/cq4oMcZJOK pic.twitter.com/JfyFcNSLOV
— Bloomberg (@business) February 8, 2021
No doubt #Bitcoin cruises into $50,000 by the end of this week. Tesla news was huge. https://t.co/PI6tga1tpl
— David Gokhshtein (@davidgokhshtein) February 8, 2021
Bitcoin surges to a new record above $43,000 after news of Tesla's investment https://t.co/OUXG0JZLjK pic.twitter.com/vMeXTrD6Xw
— Bloomberg (@business) February 8, 2021
Every Tesla investor is a #Bitcoin investor.It was inevitable.
— Jason A. Williams🚀 (@GoingParabolic) February 8, 2021
How long before Apple, Microsoft and Google follow Tesla?
— Crypto₿ull (@CryptoBull) February 8, 2021
.@elonmusk became the richest man in the world with $TSLA.Now combining Tesla with $BTC, he will become the first Trillionaire in history.
— Simon Dedic (@scoinaldo) February 8, 2021
The post Best places to buy Bitcoin: BTC ‘stock’ platforms appeared first on Invezz.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.