How can I own Bitcoin?

Bitcoin, as a decentralized digital currency, has received increasing attention in recent years. Whether you are interested in its technology or want to use it as an investment or payment instrument, owning Bitcoin is simpler than you think. The following will introduce several main ways to obtain Bitcoin and related matters to pay attention to.

1. Purchase Bitcoin through an exchange

• For most people, buying bitcoin is the easiest and most direct way to acquire it.
• Choose a reliable cryptocurrency exchange: Currently, there are many exchanges that support Bitcoin trading, such as HashKey Exchange. It is very important to choose a well-known and reputable exchange.
• Create an account and complete KYC verification: Most exchanges require users to register and complete strict identity verification procedures (KYC) to ensure the legitimacy of transactions.
• Recharge and purchase Bitcoin: After verification, you can deposit funds into the exchange account through bank transfer, credit card, or other payment methods, and then directly purchase Bitcoin. After purchasing, you can store your Bitcoin ownership in a wallet provided by the exchange (the actual Bitcoins are stored on the blockchain), or transfer to a personal wallet for added security.

1. Mining to obtain Bitcoin

• Bitcoin can be obtained through mining. Mining refers to using computers to solve complex mathematical problems in order to verify Bitcoin transactions and receive Bitcoin rewards.
• Hardware requirements: Mining requires high-performance mining machines (such as ASIC mining machines) and a large amount of electricity.
• Professionalism: The threshold for individual mining is relatively high. Currently, most miners choose to join mining pools, share computing power, and distribute rewards proportionally.
• Cost issue: With the intensification of competition in the Bitcoin network, mining costs (hardware, electricity, etc.) are increasing year by year. Mining alone is not realistic for ordinary people.

1. Securely store Bitcoin

• No matter how you obtain Bitcoin, proper storage is very important.
• Digital Wallet: Bitcoin needs to be stored in a digital wallet, which can be selected as a hot wallet (online wallet) or a cold wallet (offline wallet).
• Hardware Wallet: For users who hold Bitcoin for a long time, hardware wallets (such as Ledger and Trezor) are a relatively safer choice.
• Private key protection: The private key of Bitcoin is the key to controlling your assets and must be properly kept. Once lost or leaked, it may result in permanent loss of assets.

Conclusion

There are various ways to own Bitcoin, the most common of which is to purchase it through an exchange. In addition, you can also obtain Bitcoin through compliant cryptocurrency exchange, mining, accepting payments, or participating in reward activities. Regardless of the method used, ensuring the secure storage of Bitcoin is crucial. Bitcoin is a unique digital asset, and owning it is not only the first step into the cryptocurrency world, but also the starting point for exploring blockchain technology and the new financial system.

Disclaimer:

This material is for general information purposes only. It does not constitute, nor should be interpreted as, any form of solicitation, offer or recommendation of any product or service. It does not constitute investment, tax or legal advice. In no event should any news release be considered as recommendation of a particular type of digital asset.

This material may include market data prepared by HashKey Exchange or data from third party sources. While HashKey Exchange makes reasonable efforts to ensure the reliability of such third-party information, such information may have not been verified. Graphics are for reference only. We make no representation or warranty, express or implied, to the timeliness, accuracy or completeness of the information in this material. Information may become outdated, including as a result of new plans, regulations or changes in the market. In making investment decisions, investors should not solely rely on the information contained in this material. The risk of loss in trading digital assets can be substantial and is not suitable for all investors.

Any forward-looking statements in this material is subject to several conditions, uncertainties and assumptions. We undertake no obligation to update or revise any forward-looking statements.

The English version shall prevail if there is any inconsistency between the English and Chinese versions.