Investing In Cryptocurrency?

 Bitcoin was the first cryptocurrency, introduced in 2009.1 Bitcoin investors who bought in June of 2011 at $11 per bitcoin (BTC), for example, experienced a whopping annualized return of almost 100% as of June 2020. On the other hand, investors who bought at the end of 2017 at $19,283 per BTC had lost 49% of their original investment as of June 2020.  

Today, there are more than 1,500 cryptocurrencies that are “mineable,” or exchangeable with “fiat” or traditional money, available on the market.2 However, Bitcoin is still by far the most popular, with a roughly 60% share of the market as of September 2020.3 Investors can use any of almost 300 online platforms, or exchanges, to buy and sell cryptocurrency.


How and Where to Buy Cryptocurrency

Buying cryptocurrency is easy. While Bitcoin is the most popular, there are many "altcoins," or alternatives to Bitcoin, available. The process is simple. Download an app like Coinbase, create a digital wallet, and deposit funds, or use a credit card to purchase your altcoins. Unless you are planning on making large transactions, the process is brief and easy to complete. It takes 10 minutes or less.

Digital wallet apps like Coinbase, Robinhood, Square’s Cash App, and others make it easy to buy and sell your coins for U.S. dollars or other cryptocurrencies. There are even cryptocurrency ATMs where you can convert your coins directly to cash. 

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