Bitcoin wallet guide

Here's a new presentation on ,read more on how to buy Bitcoin below...

Now that Bitcoin has shown it can survive a variety of disasters - including an unsavory association with illegal drug buying and the bankruptcy of its biggest exchange - more investors are going to want to jump into the digital currency.

Investing in Bitcoin - at least for now - is not quite as simple as investing in stocks,bonds or commodities such as gold. But you don't need a degree in Information Technology,either.

It's actually getting easier to buy bitcoins every day,and as time goes on there are more ways to do it.

"I recommend Bitcoin for the aggressive portion of an investor's portfolio,but don't bet the farm on it, " said Money Morning Defense & Tech Specialist Michael A. Robinson. "The key is to invest only what you can afford to lose and to look for great entry points along the way."

If Bitcoin prices do rise as much as some expect,even a modest investment of $500 or $1, 000 could turn into the payoff of your life. And if it doesn't,well,your losses will be minimal.

For the ultra-conservative,two ways to invest in Bitcoin indirectly are due to appear by the end of the year - the Winklevoss Bitcoin Trust,a Bitcoin ETF (exchange-traded fund),and SecondMarket's Bitcoin Fund. Both instruments will be tied to the price of Bitcoin.

But many investors will want to own the real thing.

One way to buy bitcoins is with a Bitcoin ATM - if you're lucky enough to live close to one.

You simply put your cash fiat currency into the machine and it sends bitcoin to your digital wallet.

Right now you can only find Bitcoin ATMs in the United States in such places as Boston,San Francisco,Albuquerque,N.M.,and Austin,Tex. Canada has Bitcoin ATMs in Montreal,Ottawa,Quebec City,Halifax,Toronto,Winnipeg,Edmonton,and Vancouver.

The most common way to buy bitcoins,however,is through some type of exchange. That landscape can be treacherous,so Money Morning has put together a guide on which Bitcoin exchanges are best.

How to Buy Bitcoins: Sorting Out the Exchanges

Following the Mt. Gox bankruptcy,in which 750, 000 customer bitcoins were lost,some may be nervous about buying from any Bitcoin exchange.

But Mt. Gox,once the world's dominant Bitcoin exchange,was mismanaged by a leader - Chief Executive Officer Mark Karpeles - who was in over his head. There are safer places to buy bitcoins now,though some of the older exchanges remain questionable.

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