How to Buy Bitcoin and Avoid the Risks

If you are wondering how to buy Bitcoin there are many great places to begin. In the United States you can buy Bitcoin from an exchange, that is recognized by the US government, known as the New York Stock Exchange (NYSE). While this may be one of the easiest ways to buy and sell your Bitcoins, it does come with a few risks. For example, you are not covered by any insurance for losses or theft.

How to buy Bitcoin

The best way to buy Bitcoin is to purchase directly from the source in Canada. You will be protected from the risks and costs associated with using an exchange that is not regulated by the government of Canada. As soon as you make the purchase you will automatically become a Canadian resident and have all of the rights and privileges associated with such. Furthermore, if you were to sell your Bitcoins on an exchange that is regulated by the United States, you would be risking your property and your money. This is why it is very important to purchase your Bitcoins directly from Canada and exchange them for Canadian Dollars. This means that you are not subject to the risks and costs associated with an exchange.

Because the way to buy Bitcoin is so easy, many Canadians are doing it themselves. There are a number of sites that allow you to buy Bitcoins through a secure transaction using a credit card or bank account. When you buy through one of these sites, you are protected against identity theft and fraudulent transactions. All you have to do is enter your credit card or bank account number and the process are complete.