Finally, you’ve decided to learn how to buy Bitcoin and dive deeper into the cryptocurrency rabbit hole. This post is going to tell you how to do just that. If you’re considering investing in Bitcoin or other cryptocurrencies, a good starting place is to do a little bit of research. The Bitcoin whitepaper1 is a great place to start.
What is Bitcoin?
The first page of the Bitcoin whitepaper features an abstract, which reads: “A purely peer-to-peer version of electronic cash will allow payments to be sent from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network.”
There you have it. Without even getting into the technicalities, you know what Bitcoin is: It’s a peer-to-peer payment network that can verify the validity of electronic money without the need for oversight from a third party, like a government or a bank. The peer-to-peer payment network is secured by nodes (i.e. computers) that solve complex cryptographic puzzles using computing power. This process validates transactions, ensuring coins are not being counterfeited or spent more than once. The process of validating transactions by solving such puzzles is known as mining. Miners get paid in Bitcoin in exchange for doing the work necessary to keep the network secure. Transactions are confirmed on a public ledger known as a blockchain.
Intended Purpose Behind Bitcoin
Governments and traditional financial institutions that subscribe to the fractional reserve banking2 system hold a lot of power when it comes to determining fiscal policies, printing money, and lending it out to central banks, retail banks, and you, the everyday banking customer. While there are checks and balances in place, there is nothing stopping these institutions from printing more money and potentially devaluing traditional currencies.
Contrast that with Bitcoin, a currency that hosts all its transactions on a secure, public ledger for everyone to see. At all times, this ledger maintains a maximum supply of 21 million Bitcoins. That’s right: Only 21 million Bitcoins will ever exist. It’s programmed into the peer-to-peer system and thus, the maximum supply can never be changed.
How to Buy Bitcoin Using TradeStation Crypto
Figuring out how to buy Bitcoin using TradeStation Crypto [i] is easy. Simply open an account by clicking here.
Here are the basics: TradeStation Crypto puts the power to buy, sell, trade, and invest cryptocurrency on an easy-to-use crypto trading platform. Now that you know a little bit more about how to buy Bitcoin, you’re ready to join the crypto conversation.
 The Bitcoin Whitepaper: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
 Fractional Reserve Banking: An Economist’s Perspective https://www.atlantafed.org/education/classroom-economist/fractional-reserve-banking/economists-perspective-transcript
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