Bitcoin is a type of virtual currency that you can use for digital purchases or you can trade like stocks or bonds. To buy and sell cryptocurrency including Bitcoin. The buying and selling of cryptocurrencies is done on cryptocurrency exchanges. A trader needs to open an exchange account by filling out an online form. Most. I Bought Bitcoin. Now What? Buying Bitcoin Through a Cryptocurrency Exchange. If this is your first time buying. While you buy or trade bitcoin use a credit card to purchase cryptocurrency, it is generally something that should be avoided due to the volatility download blockchain telegram cryptocurrencies can experience. Trading Venue The buying and selling of cryptocurrencies is done on cryptocurrency exchanges. Alternate Ways of Buying Bitcoin While exchanges like Coinbase or Binance remain some of the most popular ways of purchasing Bitcoin, it is not the only method. With the ethos of Bitcoin being decentralization and individual sovereignty, some exchanges allow users to remain anonymous and buy or trade bitcoin not require users to enter personal information. Trading bitcoin can be risky due to volatility in the market. If you choose to use this method, you should ensure to enter the wallet addresses properly when conducting the transactions, as any crypto transferred to a wrong address cannot be recovered.