This article will explain how to buy bitcoin stock, which is different from buying bitcoin. Bitcoin stock is a contract issued to an investor by the exchange issuing the bitcoin stock. 

Owning bitcoin stock is not the same thing as owning bitcoin. The phrase “no keys, no crypto” reflects the idea that when investors buy cryptocurrencies on one of these exchanges, they don’t possess the cryptocurrencies.

Before we explain how to buy bitcoin stock (it’s straightforward!), we’ll explain what bitcoin is, how to purchase and sell it, and why it may or may not be the right choice for your portfolio. 

What is Bitcoin?

The simplest definition of bitcoin is that it is a digital currency that exists independently from any government, state or financial institution. One of the appealing aspects of bitcoin is that it is decentralized. You can transfer it between two parties (peer-to-peer) without needing an intermediary. Every transaction stays on a public transaction ledger called a blockchain.

For many individuals, the appeal of bitcoin comes from the fact that it is a currency that the creators have said will never be altered. There are only 21 million bitcoins in existence. Once mined, there will be no more bitcoin created. In theory, this will make the price of each available bitcoin much more valuable. 

3 Methods to Buy Bitcoin

Bitcoin is one type of cryptocurrency. Remember, all bitcoin is a cryptocurrency, but not all cryptocurrencies are bitcoin. Nevertheless, the…