Much like buying a foreign currency, most people buy either from a Broker or an Exchange.

• A Broker provides you with their Buy and Sell conversion rates.
• An Exchange provides you a market where you can Buy and Sell with others.

Many of these platforms provide both services.

<aside> ⚠️ Almost all on-ramps require some kind of KYC process.

KYC processes are a regulatory requirement in many jurisdictions.

The premise of these requirements is that they help prevent money laundering, and reduce the potential for the funding of terrorism.

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You might also like to attend a Bitcoin Meet-up where you can sometimes buy Bitcoin from people at the event. Search services like Meetup.com for local Bitcoin Meetups.

Ensure you take your Bitcoin off the exchange as soon as you are comfortable doing so.

Places to Buy Bitcoin

<aside> 💡 “Spend & Replace” is commonly practiced by Bitcoiners who want to use Bitcoin and encourage a circular economy, but also want to maintain their overall holdings.

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