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New York Post
2 days ago
- Business
- New York Post
How to buy Bitcoin in the USA: A beginner's guide to cryptocurrency
The New York Post may receive revenue from affiliate and advertising partnerships for sharing this content and/or when you click or make a purchase. As Bitcoin hovers around $95,000, coming off a record-breaking year, new investors may worry they're too late to cryptocurrency — but proponents argue the digital currency is still new and untapped compared to traditional investments. 'It's still early. It's the best time to get involved now,' Charles St. Louis, chief executive of DELV, which builds crypto infrastructure, told The Post. 'There's still a lot to do, a lot to build before it really becomes mainstream.' For newbies, investing in cryptocurrency can be overwhelming – so here are the first steps to take when you're ready to buy or invest in cryptocurrency in the US. New investors will need to choose a payment method and platform before investing in Bitcoin or cryptocurrency. REUTERS Your first step when investing in Bitcoin or cryptocurrency is to choose a form of payment. These methods include credit cards, mobile apps like PayPal or Apple Pay, bank transfers or even cash at physical Bitcoin ATMs. Each payment method comes with its own set of benefits and drawbacks. Credit cards are a popular choice, since they are accepted by most crypto platforms and make for speedy transactions. Purchases are processed almost immediately when using a card. Some crypto platforms, however, charge fees for credit card use, which can quickly add up. Credit card use also welcomes more oversight from your bank. Banks often flag crypto purchases as potential fraud and blocking the transaction. In some cases, certain credit card companies may refuse to authorize crypto transactions. Another option is mobile payment systems like Apple Pay or Google Pay. These apps offer enhanced biometric security measures, requiring users provide their fingerprint or a scan of their face to unlock the payment. Investors will need to select a payment method, like credit cards, bank transfers or mobile apps. AFP via Getty Images Investors will need to select a payment method, like credit cards, bank transfers or mobile apps. And like credit cards, mobile payment systems make the process quick and simple – just a few taps and you could own some crypto. But most mobile payment systems link to a credit or debit card, so you could end up facing the same high fees and regulatory roadblocks from your bank. Payment apps are also not accepted by as many crypto platforms as credit cards. A third option is open banking, which transfers money directly from your bank account to your chosen crypto platform. It typically offers much lower fees than credit credit or mobile payment use, and is highly secure. However, open banking can take longer than other kinds of transactions, and it's also not as widely available on crypto platforms as a simple credit card transaction. Investors also need to choose a cryptocurrency platform, like Coinbase or AFP via Getty Images Once you've chosen your payment method, it's time to find a crypto platform that works for you. 'Most folks I know…will just download an app like Coinbase, CashApp, whatever it might be, that has an accessibility to take cash you already have and buy some crypto,' Chris Kline, co-founder and COO of BitcoinIRA, told The Post. 'That's what most folks do, and then they get a feel for it,' he added. While most platforms allow you to buy and hold crypto within their own system, more privacy-focused users may prefer a standalone wallet like Best Wallet, which prioritizes user control and self-custody. Another option is to call up a crypto site with relevant expertise – Kline's BitcoinIRA, for example, helps users invest in their retirement with crypto – and ask them for advice choosing the right app for your investments. Coinbase is one of the most popular Bitcoin and crypto platforms, and a favorite among new investors. It has an easy-to-use interface and solid security measures, as well as reasonable fees. It does not offer margin or options trading, and only allows future trading on select cryptocurrencies, so it might not be the best tool for more advanced investors. President Trump speaking at the 2024 Bitcoin Conference in Nashville, Tenn. REUTERS Kraken is another good choice for beginners with reasonable fees. Like Coinbase, it does not offer options trading. Experienced investors might prefer which offers reasonable fees and strong security measures, as well as the ability to trade Bitcoin options and futures. It offers only chat service to customers who need assistance, though — no phone calls — and limits users to a hot wallet – more on that later. Another platform well-equipped for experienced investors is Gemini. The platform is highly secure, though it does not offer many cryptocurrencies and its customer support system isn't great, offering only a request form. After signing up for your chosen platform, you're ready to invest in cryptocurrency. The next step is to decide where you want to store your crypto or Bitcoin – in the chosen platform, or in a hot or cold wallet. After buying crypto or Bitcoin, investors will need to choose a hot or cold wallet to store the digital cash. REUTERS A digital wallet, also known as a hot wallet, remains connected to the internet at all times, so it's quicker and easier to make future transactions, but they're more vulnerable to cyber attacks. There are many different digital wallets to choose from, like Best Wallet or 'cold wallets' like Ledger. Several platforms, including Coinbase, and Kraken, also offer their own wallets. Hot wallets are connected to the internet, making them convenient for quick access and frequent trading. You can choose to store your newly bought crypto offline, instead. This is known as a cold wallet, and provides extra security to your investments, since it's not constantly connected to the internet. Most investors use a mix of both for flexibility and security. The most important thing to know if you take this route is to never lose your private key or seed phrase — this is the critical backup that gives you full control over your crypto. Think of it like the keys to your house. Your wallet address is more like your street address: it's how others send you crypto, but it doesn't grant access. If you lose your seed phrase or private key, there's no way to recover your funds. For long-term holdings and full ownership, self-custody wallets like Best Wallet are designed to put you in control — just make sure you store your recovery phrase somewhere safe and secure. Buying Bitcoin or crypto for the first time can be daunting, and there's a lot to learn – so experts advise newbies start off slow. Are You Crypto Curious? How to start crypto trading today Best Wallet Download a trusted exchange app — Start by choosing a licensed crypto exchange. We recommend starting with the Best Wallet app, available for both iOS and Android. Create and verify your account — Sign up using your email, Google, or Apple ID. To complete registration, you'll need to verify your identity with a government-issued ID and enable two-factor authentication (2FA) for added security. Fund your account — Deposit money into your account by linking a bank account or credit card or even using gift cards. Choose an option that best fits your lifestyle. Buy your first cryptocurrency — Use the app's marketplace or swap tool to purchase crypto by entering the ticker symbol — like BTC for Bitcoin or ETH for Ethereum — and follow the prompts to complete the transaction. Choose how to store your crypto — Decide whether you'll keep your crypto in the exchange, move it to a digital wallet (hot wallet), or store it offline (cold wallet) for extra protection. LEARN MORE 'My advice would be like, don't rush it. If something piques your curiosity, look into it more,' St. Louis told The Post. 'Definitely don't FOMO [fear of missing out] in because your neighbor or your barber or your hairdresser is telling you to buy something. Definitely don't take advice from TikTok, they're all there to make money off of you,' he added. New investors should start off with a small investment in well-known assets like Bitcoin or Ethereum to get a feel for the process, experts told The Post. Know the rules: U.S. investors should be aware that crypto gains are taxable and that platforms may report transactions to the IRS. Always keep track of your trades and consult a tax advisor to stay compliant with evolving regulations.
Yahoo
2 days ago
- Business
- Yahoo
Trump Media Has $2.3B in Bitcoin Buying Power After Closing Capital Raise
Trump Media and Technology Group (DJT), the operator of Truth Social, said on Friday it has closed a $2.44 billion fundraising deal to establish a bitcoin BTC treasury. DJT shares erased early morning losses and were up 5.6% on the day following the news. The company sold nearly 56 million shares at $25.72 apiece and issued $1 billion in 0% convertible notes maturing in 2028, according to a press release. Some 50 institutional investors subscribed to the offering. The placement was led by Yorkville Securities and Clear Street, with Cantor Fitzgerald serving as financial advisor. The firm said it will direct the net proceeds of $2.32 billion to purchase BTC for its treasury, with and Anchorage Digital providing custody services. The move adds the company to a growing list of publicly-traded firms that have raised capital for adding crypto assets like bitcoin to their balance sheet, a playbook pioneered by Michael Saylor's Strategy (MSTR). The software firm has become the world's largest corporate holder of the leading crypto asset, accumulating over $60 billion in BTC by financing the purchases via a combination of equity and debt issuances. Trump Media shared plans earlier this year to launch a financial services platform focusing on crypto and customized exchange-traded funds. It also said it wants to partner with crypto exchange to launch the ETF products.
Int'l Business Times
3 days ago
- Business
- Int'l Business Times
Zircuit Enables Non-Custodial Wallet Top-Ups for Crypto.com Visa Cards
Chainwire George Town, Grand Cayman, May 30th, 2025, Chainwire Zircuit, the chain where innovation meets security, announced the launch of non-custodial wallet top-ups for Visa Cards. This new integration enables users to seamlessly fund their cards via Zircuit. Now live in the App, this feature allows users to connect a non-custodial wallet to their Crypto Wallet and transfer ZRC via Zircuit Chain. Users can convert the assets into supported tokens like USDC or ETH as needed to complete the top-up process. This makes it easier than ever to spend crypto wherever Visa is accepted. 'At Zircuit, we're committed to expanding the possibilities of crypto in the real world,' said Dr. Martin Derka, co-founder of Zircuit. 'This integration with brings us one step closer to that future, offering users the freedom of self-custody and the convenience of everyday spending.' How it works: Users connect their non-custodial wallet to the Crypto Wallet in the App via Zircuit Chain. Funds are sent directly from the connected wallet, converted to fiat, and used to top up the Visa Card If needed, assets are auto-converted to supported tokens like USDC or ETH. Users can visit for step-by-step instructions or access the FAQ for more information. About Zircuit Zircuit: Where innovation meets security, designed for everyone. Zircuit offers developers powerful features while giving users peace of mind. Designed by a team of web3 security veterans and PhDs, Zircuit combines high performance with unmatched security. Experience the safest chain for DeFi and staking. To learn more about Zircuit, users can visit and follow them on Twitter/X @ZircuitL2 Contact Head of Communications Jennifer Zheng Zircuit jen@ © Copyright Chainwire. All rights reserved.
Yahoo
4 days ago
- Business
- Yahoo
Trump Media to raise $2.5 billion to invest in bitcoin
(Reuters) -Trump Media and Technology Group will raise about $2.5 billion to invest in bitcoin, U.S. President Donald Trump's social media company said on Tuesday, as it looks to diversify its revenue. The company is raising the funds by selling $1.5 billion in stock at its last closing price and $1 billion in convertible notes priced at a 35% premium, it said in a statement. The bitcoin will be held on Trump Media's balance sheet alongside existing cash and short-term investments totaling $759 million as of the end of the first quarter. Crypto platforms Anchorage Digital and will provide custody for the bitcoin holdings. "We view bitcoin as an apex instrument of financial freedom," Trump Media CEO Devin Nunes said, hailing the move as a "big step forward" in the company's plan to acquire "crown jewel assets consistent with America First principles." Shares of the company behind Truth Social, a streaming and social media platform, were down 8%. The move is part of a recent trend of public companies adding bitcoin and other cryptocurrencies to their balance sheets to capitalize on rising token prices as the Trump administration embraces digital assets. Strategy - formerly known as MicroStrategy - has long been an aggressive investor in bitcoin and saw its shares soar more than six-fold last year, taking its market value to almost $94 billion. The company held $23.91 billion in crypto assets at the end of 2024. Several other companies have tried to replicate Strategy's success, including GameStop and several biotech firms. Last month, Cantor Fitzgerald announced that it would team up with Tether and SoftBank Group to launch Twenty One Capital, a bitcoin-buying entity that formed from a merger with blank-check vehicle Cantor Equity Partners. The combined vehicle is valued at $3.6 billion. Trump Media has been exploring potential mergers and acquisitions as it aims to diversify into financial services. Last month, it reached a binding agreement to launch various retail investment products, including crypto and exchange-traded funds aligned with Trump's policies. The Trump family, long rooted in skyscrapers and country clubs, has opened multiple beachheads in crypto, quickly gaining hundreds of millions of dollars. Those other crypto forays include Trump NFTs, a meme coin, a stake in a newly formed bitcoin producer called American Bitcoin and World Liberty Financial, a decentralized crypto platform that also offers a stablecoin pegged to the U.S. dollar. But the crypto push has attracted scrutiny from lawmakers, including Democratic Senator Elizabeth Warren, who last month asked the U.S. securities regulator about its plans to supervise ETFs due to be launched by Trump Media.
Yahoo
4 days ago
- Business
- Yahoo
Trump Media Raises $2.5B for Bitcoin Treasury Strategy
Trump Media and Technology Group Corp. (DJT) announced a $2.5 billion fundraise from institutional investors to create one of the largest Bitcoin treasury allocations by a public company, according to a press release. The company entered subscription agreements with approximately 50 institutional investors for $1.5 billion in common stock and $1 billion in convertible notes, according to the filing. DJT shares fell 10% following Tuesday's announcement and dropped another 1.9% as of midday Wednesday. The Bitcoin treasury strategy represents Trump Media's expansion from a social media platform into financial services, positioning the company to capitalize on cryptocurrency adoption while building reserves outside traditional banking systems. The offering is expected to close May 29, according to the company. Trump Media intends to use proceeds entirely for Bitcoin purchases, which will be held alongside $759 million in existing cash and short-term investments as of the first quarter. CEO Devin Nunes called Bitcoin an "apex instrument of financial freedom" in the announcement. The move aims to "defend our Company against harassment and discrimination by financial institutions," according to Nunes. and Anchorage Digital will provide custody services for the Bitcoin holdings, according to the filing. The same partnership recently enabled Trump Media's planned exchange-traded fund launch through its brand. Read More: Trump Media and Team Up for ETF Launch The fundraising follows Trump Media's broader financial services push, including trademark filings for three ETFs under the Made in America ETF, the U.S. Energy Independence ETF and the Bitcoin Plus ETF. Those funds will combine digital assets with "Made in America" securities across multiple sectors. The company plans to invest up to $250 million of its own reserves into these products through Charles Schwab as custodian, according to previous filings. Bitcoin custody will be split between and Anchorage Digital. Trump Media operates the Truth Social and Truth+ streaming platforms alongside its expanding financial brand. The company reported $3.6 million in revenue and a $400 million net loss in 2024, according to CNBC. The Bitcoin allocation joins a growing trend of politically aligned businesses converting corporate treasuries to cryptocurrency. Michael Saylor's Strategy Inc. (MSTR) popularized the strategy, holding over $40.6 billion in Bitcoin as of May 25, according to a company | © Copyright 2025 All rights reserved
