Bitcoin is a volatile and risky investment. Stock trading may provide similar highs, but investing in a well-established company is usually safer than bitcoin. Investing in bitcoin or other cryptocurrencies can be a fun and enjoyable way to try out a new investment. Although, similar to cigarettes, cryptocurrency investments should contain a warning label that reads, "This product may be harmful to the health of a trader's money." Never invest money traders cannot afford to lose. As a general rule, traders should not devote more than 10% of their portfolio to particular stocks or risky assets such as bitcoin. If the trader is new to investing, they should first learn how to invest.

The most effective method of purchasing Bitcoin involves using a reputable cryptocurrency exchange. First, choose a well-known exchange such as Coinbase, Binance, or Okx, which offer robust security measures, user-friendly interfaces, and regulatory compliance. Create an account and complete the necessary identity verification process to ensure compliance with KYC (Know Your Customer) regulations.

Once verified, link your bank account or credit card to the exchange for funding. Deposit your desired amount of money into the exchange account. Navigate to the Bitcoin trading pair, enter the amount you wish to purchase, and execute the buy order. For added security, transfer your purchased Bitcoin to a private wallet, such as a hardware wallet, to protect against potential exchange hacks.