A 2024 Update On How To Get Bitcoin In The US

By Joe King On Dec 29, 2023

Unlock Bitcoin in the US: Check out the best cryptocurrencies and altcoins for a booming crypto market in 2024!

Bitcoin, the most well-known cryptocurrency in the world, is becoming more famous in the US. Since Bitcoin has become more popular, more and more people want to invest in it. We will talk about the best ways to get Bitcoin in the US in 2024 in this post.

To get Bitcoin, you need to pick a Bitcoin wallet and an exchange, prove who you are, add money to your account, buy Bitcoin, and keep it safe. If you do these things, you can invest in Bitcoin and benefit from the fact that it is becoming more and more famous.

Check out our full guide on how to buy Bitcoin in the US if you want to learn more about how to get Bitcoin in the US.

Table of Contents

In The First Step, Pick A Bitcoin Wallet

Before you can start buying Bitcoin, you need to find a Bitcoin wallet that fits your needs. A Bitcoin wallet manages the storage, sending, and getting of Bitcoin by acting as a digital file cabinet. There are many kinds of Bitcoin wallets on the market, including PC, mobile, and hardware wallets. Coinbase, which is known for having an easy-to-use interface, Trezor, which is a trusted hardware wallet, and Ledger Nano S, which is a famous hardware wallet with strong security features, are some of the options that stand out.

Step 2: Pick A Bitcoin Exchange

Choosing a Bitcoin exchange is the next most important thing to do after setting up a chosen Bitcoin wallet. A Bitcoin exchange lets people buy and sell Bitcoin by acting as a trading platform. In the United States, there are many Bitcoin platforms, and each has its own pros and cons. Binance, a well-known exchange around the world, Coinbase, a popular choice for beginners, and Kraken, a well-known exchange for experienced traders, are all good choices.

Step 3: Show Proof Of Who You Are

Before you can buy or sell Bitcoin on an exchange, you have to follow anti-money laundering (AML) and know-your-customer (KYC) rules. Users must share personal information like their name, address, and date of birth as part of a thorough identity verification process. This important step makes sure that regulations are followed and creates a safe place for transactions.

Step 4: Put Money Into Your Account

After proving who they are, users must add money to their Bitcoin trading accounts. There are many ways to fund an account, such as bank transfers, credit cards, debit cards, and sometimes alternative means like PayPal. This gives people the freedom to pick the funding method that works best for them.

Step 5: Get Some Bitcoin

Users can start buying Bitcoin as soon as they have money in their account. You can either buy at the current market price or set a limit order for a certain amount. This transactional flexibility adapts to the changing needs of the market and the interests of each person. After purchasing Bitcoin, it can be sent to the chosen Bitcoin wallet to be safely stored.

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Step 6: Make Sure Your Bitcoin Is Safe

Realizing that Bitcoin is a valuable asset makes strong security steps even more important. Putting Bitcoin in a safe wallet, keeping private keys secret, and turning on two-factor authentication (2FA) on the exchange account are all things that can be done to make this digital wealth safer.

Bitcoin Exchanges In The US

People who are interested in the best crypto coins, like bitcoin, have a lot of companies that can meet their needs in the United States. Coinbase has been a leader since 2012 and is the best place for people who are new to Bitcoin to buy it. It has an easy-to-use interface and allows many deposit and withdrawal methods, such as PayPal, ACH bank transfers, wire transfers, and debit and credit cards. Because Coinbase is regulated, it follows all KYC and AML rules. However, its customer service has been criticized for having to deal with so many users.

Sign Of Gemini

Gemini was started by the Winklevoss twins in 2015 and is based in New York. It has to follow strict rules. Gemini is known for following the rules, and its dealing style is based on an order book. The exchange works closely with officials to shape new laws, putting a lot of emphasis on trust and following the rules.

The Kraken

Kraken is a well-known company in San Francisco that provides a sophisticated trade environment for Bitcoin and many other cryptocurrencies. Kraken does not have as many beginner-friendly features as Coinbase and Gemini, but you can still use ACH bank transfers, FedWire, and debit cards to make payments. Kraken offers a wide range of services all over the US, except in Washington State and New York, where license standards are very strict.