Bitcoin was designed as a means of exchange. Currently, over 90 percent of bitcoin accounts are in a buy‐and‐hold mode. The profitability in buying and selling bitcoin will differ, depending on the strength and weakness of different currencies. Bitcoin and similar digital currencies are likely to be considered part of the legitimate alternative asset classes. Its price will fluctuate, but it won’t go away and forex traders might have new opportunities for trading. This chapter explains how to get started in bitcoin. Individuals will first have to download a wallet to store the coins directly to the computer or mobile device. Next, the trader is ready to buy some bitcoins. The benefits of buying from an exchange are that you are buying the coins at the market rate rather than at an inflated price set by a seller. The final method of acquiring bitcoin is by mining.