7 Ways to Acquire Bitcoin and Cryptocurrencies

7 Ways to Acquire Bitcoin and Cryptocurrencies

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00:00

Welcome to the New to Crypto Podcast designed to guide you through the crypto landscape with pinpoint accuracy created for the new and intermediate crypto investor. Join your host Crypto Travels Michael as he takes you through the different facets of getting started and succeeding in your crypto journey. New to Crypto Podcast brings you new episodes daily Monday through Friday with surprise bonus episodes sometimes on the weekend.

00:31

Let me ask you, are you new to crypto and don’t know where to start? Are you more experienced but have questions? Then you’re in the right place. This podcast is designed for you coming at you from the Trading Center and the lifestyle design studio. Here’s your host Crypto Travels Michael.

00:52

Welcome to today’s show. I’d like to give a special thanks to you, the listener of this show. This project has been brand new and only launched this week. And the support that I’ve received from all of you has been amazing. So far in this week, we’ve had people listen from all over the world all the way from France to Mexico to India, to Canada to Singapore, to Kuwait in the Middle East to Germany, as well as all over the United States listeners have tuned in. Some of the places in the US have included Colorado and Texas and Arizona, California, Tennessee, Florida, New York, Illinois, Washington State Missouri, Maryland, Kentucky and more. So I’d like to say thank you to you, the community. My commitment to you is that I will be providing great content for you each day Monday through Friday. To help you through your exciting journey in cryptocurrency. I am currently working on a course which will be free. In the course I will walk you through all of the basics on how to actually get started in crypto, how to set up crypto accounts, how to actually buy your first cryptocurrency, how to send crypto between wallets, on the blockchain and so much more in the course I do all of this by actually showing you using screen share recordings. So you will be able to see step by step on my screen as I walk you through the process. This is an exciting time in crypto, and I welcome you on this journey with me. Okay, without further ado, let’s dive into today’s episode seven ways to acquire Bitcoin and cryptocurrencies. Today I’m going to share with you the different ways to acquire crypto. As time goes on, I will be adding to this list. For today. I don’t want to put too much on your plate. So let’s go over seven ways to acquire crypto. These are in no particular order.

02:59

Number one, exchange accounts setting up an exchange account.

03:06

Some of the largest exchanges are Binance, Coinbase, Crypto.com, Kucoin, BitMart, Kraken, Gemini and more.

03:17

So you can purchase cryptos using fiat currency

03:23

via the exchange accounts.

03:27

The next one, number two would be Bitcoin ATMs. They’ve been around for a while and they’re not only Bitcoin ATMs, you can purchase several other types of cryptocurrencies on some of these ATMs, and they’re located in most major cities around the world. And on the website, I’m sharing some resources and a link with you on how you can find Bitcoin ATMs near you. Number three, receive payment for your goods and services. You can accept payment in cryptocurrency for your goods or services. It’s simple and quick. There are no fees to get set up. And when the person sends you the money via crypto, there is no third party between you and the person sending the crypto to you. Number four, PayPal, currently only for their US customers, excluding Hawaii. However, this includes US territories who have a personal or a premier paypal account.

04:33

Merchants can accept crypto as payment, Bitcoin, Ethereum, Litecoin and Bitcoin cash are all currently on the PayPal platform. So if you have a personal or premier paypal account, you can hold any of those four cryptocurrencies in digital wallets with PayPal. This is definitely an exciting time for crypto since according to paypal on their website,

05:00

They have over 237 million shoppers worldwide using their platform.

05:07

Number five other service providers, including peer to peer sites. Some of these include Paxful, and Bitquick. And they make it easy worldwide to buy or sell your crypto. They also offer different payment methods in which you can receive payment for selling your crypto, your Bitcoin, or other cryptocurrencies on their different platforms. Number six, the cash app, you can send and receive Bitcoin with this app. It’s one of the easiest ways to send money to send fiat money, and now they brought Bitcoin into their platform. Number seven, the Robin Hood app. You can buy or sell approximately seven different cryptocurrencies on this app. They include Bitcoin, Ethereum, Dogecoin Litecoin, as well as some others. I did want to mention with Bitcoin ATMs and crypto ATMs, you can both deposit crypto using the ATM and you can also withdraw local currency fiat currency from these ATMs

06:21

So today’s episode was just a quick episode to share with you some of the different ways. So that concludes our episode for today.

06:31

Thanks for tuning in to New to Crypto Podcast. If you liked the episode, be sure to follow and subscribe. You can listen to every episode on all major platforms and have an interest in being on the show or one advertising reach out at newtocrypto.io. Head over to our site newtocrypto.io to access the resources mentioned in each episode. Until next time, remember to navigate the crypto landscape with pinpoint accuracy.