Many investors have asked me How do I buy bitcoin? or Where do I buy bitcoin? They also ask can I buy bitcoins for my IRA, 401K or Roth IRA? I didn’t have a great answer for them.
- Open – Trade Date, EU Confidence, Oil, Gold, Bitcoin By Ed Moya - Sep 27, 2019 1 U.S. Stocks will make another attempt at record highs after the U.S. And China continue to provide positive.
- Bitcoin, however, is a decentralized currency – it’s neither a brand nor a product or company, and what we need for representing Bitcoin is a symbol rather than a logo. Examples of Unicode Character U+0243 in different typefaces. The Ƀ symbol can be displayed in many fonts, some of which may already be installed on your computer.
- Bitcoin offers one service: securely time-stamped, scripted transactions. Everything else is built on the edge-devices as an application. Bitcoin allows any application to be developed independently, without permission, on the edge of the network. Andreas Antonopoulos.
Investors have had a number of poor options like:
Bitcoin - overview Expand your choices for managing cryptocurrency risk with Bitcoin futures and options and discover opportunities in the growing interest for cryptocurrencies and the demand to manage Bitcoin exposure.
- get indirect exposure through publicly traded companies like BTCS
- buy through Coinbase or Circle
- through SecondMarket’s BIT(Accredited, 25K minimum)
- buy through overseas exchanges
Beginning today, bitcoin can be purchased through an online brokerage! I’m going to show you how to buy bitcoin with a brokerage account. Yes you will be able to buy through online brokers like Charles Schwab, Fidelity, E*Trade or TD Ameritrade.
- Login to your online brokerage
- Search for ticker GBTC
- Trade or buy.
Here is a video showing how to buy GBTC for a ROTH IRA.
Yes this will work through your IRA, Roth IRA, 401K, and other self-managed accounts.
Here is what that process looks like through Fidelity.
And here on TradeMonster
GBTC (managed by SecondMarket) holds bitcoins and is designed to mirror the performance of directly holding bitcoins. For details read bitcoin ETFs are coming.
It is great that retail investors can now easily and safely purchase bitcoin through their online brokerage.
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Do you plan on buying bitcoin through your broker? Let me know in the comments!