Investing in Bitcoin can seem complicated, but it isn't. It only requires an account at a service or an exchange and a way to store your purchases safely. Bitcoin investors need a cryptocurrency exchange account, personal identification documents if using a Know Your Client (KYC) platform, a secure internet connection, a payment method and a personal digital wallet outside of the exchange account. Valid payment methods for Bitcoin are bank accounts, debit cards and credit cards. It is also possible to receive Bitcoin at special ATMs and via peer-to-peer (P2P) exchanges.
So Stackers what do you think, what is the best way to buy a Bitcoin?
Exchanges17.6%
Peer-to-Peer Platforms52.9%
Bitcoin ATMs0.0%
Brokerage Services0.0%
Direct Purchase from Friends/Family5.9%
Cryptocurrency Wallet Apps0.0%
Mining17.6%
Other (Write in comment box)5.9%
17 votes \ poll ended
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For me it is to buy it from acquaintances who are also in Bitcoin, or in another case, in Bitcoin Atms.
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33 sats \ 1 reply \ @ChrisS 2 Aug
The best way to buy bitcoin would be directly from friends and family. It avoids unnecessary kyc and more than likely any fees. However if you mean the best way to acquire bitcoin, which it appears you do because you added mining as a choice, then by far the best way is to provide a good or service that people want and only accept bitcoin for it.
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It avoids unnecessary kyc
More or less same with P2P deals if you do in person cash trades. Of course, it's safer to trade with friends / family.
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