Dan Schatt and Domenic Carosa are the experts at Earnity. Through Earnity, the fintech veterans focus on utmost security and safety with the company’s unique and user-friendly platform for cryptocurrency buyers.
Recently, Earnity partnered with BitNile, a Bitcoin mining company. Here is a beginner’s guide that shows how one can buy Bitcoin, the famed cryptocurrency.
Buy Bitcoin Directly
The most straightforward way to buy Bitcoin is to buy some directly. You can do this through a cryptocurrency exchange or use a service like Coinbase. Buying Bitcoin allows you to own the cryptocurrency and store it in a wallet on your computer or phone.
Buy a Bitcoin ETF
An Exchange-Traded Fund, otherwise known as ETF, is a fund that holds assets such as stocks, commodities, or cryptocurrencies. There are a few Bitcoin ETFs on the market, and they allow you to buy Bitcoin with one significant perk — you won’t actually have to buy and store the cryptocurrency yourself.
Buy a Bitcoin Fund
Buying a Bitcoin fund is another option. Professionals manage these funds and put your money into various blockchain assets, including Bitcoin. This can be a more hands-off approach, but it also comes with higher risks. Earnity executives Dan Schatt and Domenic Carosa want these processes to be seamless.
Buy Shares in a Bitcoin Company
If you are looking for a more traditional purchase option, you can buy shares in a company that deals with Bitcoin. These companies may be involved in mining, trading, or providing other services related to cryptocurrency.
Buying a Bitcoin Startup
Another option is to buy a startup working on new Bitcoin-related technologies. These startups may be in the early stages of development, so there is a greater risk involved, but they could also potentially see significant returns down the road.