In traditional monetary systems, central banks control money supply through printing, which may lead to inflation and economic instability. Individuals' assets are often influenced by local central banks and political systems. Bitcoin offers an alternative.
Why Is Bitcoin Important? Key Reasons to Invest
Bitcoin (BTC), introduced in 2008 by the pseudonymous "Satoshi Nakamoto," operates on a predetermined protocol with a fixed supply of 21 million coins. Its scarcity, decentralization, and transactional utility have earned it the nickname "digital gold."
As the leading cryptocurrency, Bitcoin holds ~40% of the total crypto market capitalization. While it serves as collateral and a store of value, its price remains sensitive to market volatility.
How to Purchase Bitcoin?
Below are common methods to buy BTC:
1. Cryptocurrency Exchanges
Opt for regulated, high-liquidity platforms like Bybit (recommended in this guide) for transparent trading with competitive fees.
2. Over-the-Counter (OTC) Trading
OTC markets facilitate private buyer-seller matches, ideal for customized transactions.
3. Bitcoin ATMs
Similar to bank ATMs but with higher fees. Machines allow quick BTC purchases using cash/cards.
4. Convenience Stores (Taiwan-Specific)
Investors in Taiwan can buy BTC at:
- FamilyMart (via Bitcoin)
- Hi-Life (via MaiCoin)
Note: In-person service available but fees apply.
Buying Bitcoin via Bybit in Hong Kong/Taiwan
Bybit combines credibility, low fees, and user-friendly features. Here’s how to buy BTC:
Quick Buy (Fiat-to-Crypto)
- Navigate to "Quick Buy" on the homepage.
Select fiat currency (e.g., HKD/TWD), enter amount, and choose BTC.
- Limits: HKD 280–156,765 / TWD 1,000–580,269 per transaction.
- Pick a payment provider (varies by region).
Review details, accept terms, and complete payment.
- Funds arrive in 5–7 hours.
Spot Trading (Crypto-to-Crypto)
For users holding other cryptocurrencies:
- Go to "Trade" > Select BTC trading pair (e.g., BTC/USDT).
Choose order type:
- Limit Order: Set your price.
- Market Order: Buy instantly at current rates.
- Conditional Order: Trigger trades automatically.
- Confirm and execute.
Bitcoin Purchase Fees: What to Know
Costs vary by platform and payment method:
| Platform | Fee Structure |
|-------------------------|----------------------------|
| Bybit Spot Trading | 0.1% |
| Bybit Quick Buy | Varies by third-party provider |
| Binance Spot Trading | 0.1% |
| Binance Credit Card | 2–3.5% |
👉 Compare fees across top exchanges
Tip: Bank transfers/credit cards may incur additional charges—check with your provider.
How to Buy Bitcoin Strategically?
- Use Stablecoins: Purchase USDT/BUSD first, then trade for BTC at your target price.
- Leverage Trusted Exchanges: Platforms like Bybit/Binance offer buyer protection via KYC.
FAQs
Q: Can I buy fractional Bitcoin?
A: Yes! The smallest unit is a Satoshi (sat) = 0.00000001 BTC. Invest with as little as a few dollars.
Q: Which exchanges support BTC purchases?
A: Major platforms include Coinbase, Binance, and Bybit.
Q: Is Bitcoin a good long-term investment?
A: Historic trends show post-downturn growth, but assess personal risk tolerance.
👉 Explore beginner-friendly crypto tools
Bitcoin’s Future: Lessons from El Salvador
El Salvador’s adoption of BTC as legal tender (2021) highlights its potential against inflation. The government issued $1B in "Bitcoin bonds" to fund infrastructure, though volatility remains a consideration.
President Nayib Bukele’s advice: "Patience is key—focus on long-term value, not short-term charts."
Final Notes:
- Start small using reputable exchanges.
- Diversify strategies to mitigate risks.
- Stay updated on regulatory changes.