That is the most common question we receive from friends and family who don’t know where to begin and feel they are late to the party. Below, we give you the 3 easiest ways to get involved.
Once you have these mastered or you decide to get more intertwined with crypto, your next step would be to set up your own crypto wallet, self-custody your crypto, and then start swapping using Decentralized Exchanges such as Thorchain and Uniswap, but we will get there and help you along the way!
1. Earn free Bitcoin
There are two easy ways earn Bitcoin, and both involve receiving Bitcoin rewards through every day purchases, including clothes, shoes, gas, and food: Fold and Lolli. We go in depth on how to use these products at their respective links.
2. Buy crypto on a regulated & centralized exchange
Depending on your location, the easiest place to first buy crypto is a regulated exchange, such as Coinbase, Kraken, or Gemini in the USA. Internationally, Binance is the biggest exchange in the world, but is not in certain US states, such as New York, Vermont, Hawaii, and Texas.
Just as you need to when opening a brokerage account at Etrade or Robinhood, you will have to submit personal information to complete your account and fund it. These exchanges are typically very easy to use and you can hold your funds on the exchange, although we don’t recommend doing so.
3. Buy a crypto ETF
Most people have a brokerage account or retirement account. If you don’t use Vanguard, who is not yet allowing the purchasing of Bitcoin ETFs as of February 2024, you are able to purchase one of the many Bitcoin ETFs that track the price of Bitcoin in your existing account.
