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How to Buy Bitcoin (BTC)

Price of Bitcoin (24h)$27,100.45394289price-24h-img-2.16%Buy Bitcoin (BTC)BtnArrowRight
Interested in buying Bitcoin (BTC) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Bitcoin (BTC) instantly wherever you are! Check out all the ways you can buy BTC on KuCoin.

Buy Bitcoin (BTC) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Bitcoin (BTC)

Use a variety of payment options to buy Bitcoin on KuCoin. We'll show you how.

Choose How You Want to Buy Bitcoin on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Bitcoin (BTC).
1

Buy Bitcoin (BTC) with a Credit or Debit Card

This is the easiest way for new users to purchase (BTC). Link your credit or debit card to your account, enter the purchase amount, then wait for the transaction to be completed.
2

Buy Bitcoin (BTC) via Bank Transfer

Depending on the region you are in, bank transfers are also a safe and convenient way to buy Bitcoin. You can purchase BTC once the funds arrive in your account.
3

Buy Bitcoin (BTC) on the KuCoin P2P Market

You can buy BTC with zero trading fees directly from sellers on KuCoin's P2P marketplace. Your purchased BTC will be released to your Funding Account from escrow once the seller confirms the receipt of payment.
4

Buy Bitcoin (BTC) Using Third-Party Channels

KuCoin supports a variety of leading third-party payment processors. Visit our third-party payment page to view available methods in your region.
5

Buy Bitcoin (BTC) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Bitcoin (BTC). Here's how to buy:
1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.
2. Transfer your crypto to a KuCoin Trading Account. Find your desired Bitcoin (BTC) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Bitcoin (BTC).
RemarkImgTip: KuCoin offers a variety of order types to buy Bitcoin (BTC) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.
3. As soon as your order is successfully executed, you will be able to see your available Bitcoin (BTC) in your Trading Account.

Get Your First Bitcoin (BTC) with KuCoin

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How to Store Bitcoin (BTC)

The best way to store Bitcoin (BTC) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Bitcoin (BTC).

Store Bitcoin in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Bitcoin in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Bitcoin (BTC) to a non-custodial wallet. Storing Bitcoin (BTC) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Bitcoin (BTC) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Bitcoin (BTC).

What Can You Do with Bitcoin (BTC) on KuCoin?

Hold

Store your Bitcoin (BTC) in your KuCoin account.

Trade

Trade Bitcoin (BTC) in the spot and futures markets.

Earn

Earn passive income by staking or lending Bitcoin (BTC).

Why Is KuCoin the Best Platform to Buy Bitcoin (BTC)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Bitcoin and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Bitcoin (BTC) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain BTC in an instant when you buy on KuCoin.

FAQ

How Much Is 1 Bitcoin Worth?

The price of Bitcoin is highly volatile and has witnessed several ups and downs over the past few years. From an all-time low of $65.53 on 5 July 2013, BTC price touched a record high of $68,789.63 on 10 November 2021.

But it wasn’t a steady climb up during this period. From its launch price of $0 in 2009, Bitcoin kept making gains through the years till it crossed $2,000 in May 2017. 2017 was the year cryptocurrency took off, skyrocketing Bitcoin’s value to $19,345.49 in December.

However, the Bitcoin price slipped lower to trade in a range around the $10,000 mark till mid-2019 and then fell to $6,635.84 by December. In 2020, Bitcoin and cryptocurrencies went mainstream when the price of BTC shot from under $7,000 to $29,000 by the end of the year and then rose to its all-time high in 2021.

The BTC to USD price keeps varying as crypto markets are open 24 hours a day, seven days a week. Check out the Bitcoin price chart above to see the fluctuations in the cryptocurrency’s value.

What Makes Bitcoin Valuable?

Fixed Supply of BTC

One of the most significant factors contributing to Bitcoin’s value is its rarity, owing to the fixed supply. At the launch, its creators announced that only 21 million BTC would be minted or generated.

Decentralization Makes Bitcoin Appealing For Users

As the popularity of decentralized cryptocurrency and its trading volume soar, there is increasing demand for Bitcoin among both retail and institutional investors. The price of Bitcoin enjoys support from an uptick in demand.

BTC's Large Market Cap Makes it Most Valuable Cryptocurrency

In addition, BTC's fixed max supply and reputation as the original cryptocurrency with the largest market capitalization makes it an attractive store of value, which further supports the Bitcoin live price.

Uptick in Crypto Adoption Further Boosts BTC Value

The rising interest among large and small investors in BTC and other digital assets has also increased its value in recent months. The increasing number of use cases for cryptocurrencies has made this asset class more attractive to invest in. As Bitcoin remains the leader of the pack, almost all investors vie to hold at least some portion of their portfolio.

Bitcoin a Hedge Against Inflation

Since the start of the COVID-19 pandemic, the level of uncertainty in global financial markets has been extremely high. Several investors consider Bitcoin a hedge against inflation, giving it the moniker ‘digital gold’ in the financial market. Amid monetary easing by central banks, volatility in equity markets, and gold becoming more expensive, many investors turned to Bitcoin for its high returns.

What Is Bitcoin Mining?

The process of creating new Bitcoins is known as mining. It involves using mining rigs and computers with high processing capabilities to solve complex mathematical puzzles. Bitcoin mining is an essential process that validates all transactions within the blockchain and records them in new blocks.

Bitcoin miners solve the puzzles to verify transactions, mint new BTC and increase its circulating supply. Miners receive a portion of new Bitcoins minted as block rewards for their crypto mining efforts. The new BTC coins increase the supply of the crypto in the market, but with the total supply being fixed and demand remaining strong, the mining of coins has little impact on the BTC price.

KuCoin offers a convenient way to mine Bitcoin via its KuCoin Pool. Use this service to contribute your computing resources to empower the mining hashrate and experience low mining costs for Bitcoin mining.

How Much Energy Does Bitcoin Consume?

Even as the demand for Bitcoin rises worldwide, there are growing concerns about the energy consumed in mining Bitcoins and keeping its blockchain running. According to estimates by the Cambridge Center for Alternative Finance (CCAF), the Bitcoin network's energy consumption stands at around 110 Terawatt Hours per year, which is about 0.55% of all the electricity produced worldwide. To put it in perspective, this amount of energy could power a small nation for an entire year.

The Bitcoin network utilizes a proof of work consensus mechanism to validate transactions, requiring mining rigs with high computational power and energy. These Bitcoin mining rigs are essential to maintain a record of all transactions on BTC’s blockchain.

However, Bitcoin has an advantage against other industries as miners can utilize all kinds of power sources to power their rigs, which may not be accessible to the traditional financial sector. Harnessing cleaner energy sources could be a possible solution to Bitcoin's energy consumption problem.

How Secure Is Bitcoin?

Bitcoin enjoys superior security as it was devised keeping this factor in mind, and its blockchain has never suffered an outage or attack. Theoretically, there are ways to hack the Bitcoin protocol, although mounting such attacks can be costly in terms of time and effort.

Your Bitcoin holdings are vulnerable to hacks and attacks when stored in digital wallets or exchanges. As more investors enter the crypto market, its attractiveness as a target among cyber criminals continues to grow.

Since 2020, there has been an exponential increase in frauds and cybercrimes related to stealing Bitcoins and other cryptocurrencies from users’ wallets and decentralized applications (dApps).

We recommend that you select a reputed crypto exchange or broker to buy Bitcoin and store them securely in an effective crypto wallet. Custodial wallets where you control the private keys to your BTC are recommended if you want an additional layer of security for your Bitcoin.

What Are The Different Ways to Invest in Bitcoin?

There are several ways to invest in BTC; the most popular option is buying and holding Bitcoin. You profit as long as the BTC value keeps rising but stand to lose in case the market crashes, in which case you can sell Bitcoin in the market. You can also earn passive income on your holdings by lending BTC to grow your capital conveniently.

KuCoin offers several avenues to invest in Bitcoin, including Spot Trading, Margin Trading, and Futures Trading. You also have the option to lend BTC via KuCoin Earn.

Another attractive option is investing in a Bitcoin ETF. Several financial firms have started offering this investment product to let you invest in futures contracts for Bitcoin. BTC ETFs are available for trading on stock exchanges.

Some firms such as Grayscale offer exposure to Bitcoin via investment trusts, a reliable option for large investors. The Grayscale Bitcoin Trust, for instance, is a publicly traded fund that lets you buy GBTC shares. Remember that they trade at a premium and can be more expensive to invest in than buying BTC directly on an exchange.

What Can You Buy With Bitcoin?

Bitcoin’s popularity has made it an acceptable payment method among several businesses. In addition to using it to trade cryptocurrencies on exchanges, BTC's Lightning Network can be used to pay for goods and services online and in some offline businesses.

BTC can be used in place of money to make purchases on online retailers, book holidays on travel websites, buy online services, pay for food at some eateries or order food online, and more. In addition, third-party services allow you to place orders on Amazon using Bitcoin.

While Tesla CEO Elon Musk no longer accepts Bitcoin as a payment method, car dealerships in the US allow customers to buy cars, even luxury cars, using BTC. There are also increasing instances of real estate sales taking place with Bitcoin as a payment option.

Bitcoin (BTC) Price Analysis

Live Price

The live price of BTC is 26,710.5 USD, representing a decrease of -0.34% in the past 7 days and -2.16% decrease in the past 24 hours.

Historical Trends

The all-time high of BTC was 68,789.6 USD on 11-10, 2021, from which the coin is now down -61.17%.
The all-time low of BTC was < 0.00000001 USD, from which the coin is now up 100.00%.
$ 0
$ 68,789.62

Get Your First Bitcoin (BTC) with KuCoin

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Disclaimer

Given the nature of the crypto market, the price of Bitcoin (BTC) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.