Cryptocurrency, or crypto for short, has taken the financial world by storm. Still new to crypto? Have no fear – the Bakkt® App is here to make crypto trading easy. Whether you’re a crypto newbie or a seasoned trader, the Bakkt App lets you buy and sell crypto alongside other assets in your digital wallet like loyalty and rewards points, miles, and gift cards. With the Bakkt App, you can aggregate, convert, spend, and send your assets however you want.
What is cryptocurrency?
Cryptocurrency is a virtual currency that is secured by cryptography – a type of encryption – which makes it nearly impossible to counterfeit or to double-spend. Crypto relies on an immutable (unchangeable) database, or digital ledger, known as a blockchain to record respective ownership. Each part of a cryptocurrency purchase, sale, or transfer is recorded on the blockchain. The blockchain is maintained by a network of computers that must all come together to confirm a transaction in order for it to be recorded in the digital ledger. The process by which the network reaches this decision is called a consensus mechanism. In many cases, blockchains are decentralized, meaning that there is no single authority that controls them.
Bitcoin was the first mainstream decentralized cryptocurrency and remains the most popular. Bitcoin and blockchain technology may sound complex, but Bakkt is here to make bitcoin trading easy. In order to trade crypto, you first need a cryptocurrency wallet in which you can hold it. A wallet can be set up using the Bakkt App (download it today!), where you can buy and sell bitcoin or even send it to a friend.
Buy and sell crypto – safely, securely, and confidently.
The Bakkt App will walk you through bitcoin trading. After all, you earned those loyalty and rewards points, so you should decide how to use them. Bakkt gives you the flexibility to take digital assets you already hold, convert them into cash, and use them to invest in crypto, like bitcoin. Whether you want to try investing $10 or $100, the power is in your hands with the Bakkt App.
- Take your portfolio to the next level – try out crypto with Bakkt’s seamless and secure trading platform.
Buy, Sell, and Trade Crypto
The Bakkt App is a digital wallet that houses your digital assets in one convenient place, ensuring that no dollar of digital value is forgotten. Convert these digital assets – like crypto, rewards and loyalty points, miles, and gaming assets – into cash to spend or send as digital payments.
How to use Cryptocurrency
As a Bakkt App user, you can convert your bitcoin into dollars in your cash balance. Whether you want to use that crypto to pay back your friend for lunch or even to purchase a last-minute gift card as a present, the Bakkt App unleashes a whole new world of possibilities. Soon, you’ll be able to use it to pay anywhere that accepts Apple Pay® or GPay™.
Safe and Secure
Are you interested in trading bitcoin but are nervous about its safety? The security of your digital assets and data is our top priority, and we employ numerous information security and fraud protection measures to safeguard them. Bakkt built and maintains a series of protective technologies to defend against external threats and keep your hard-earned assets safe and secure.
Investing in Bitcoin
Bakkt does not provide financial, investment, trading, tax, or legal advice. You are solely responsible for determining whether any investment, investment strategy, or transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance. You should consult your financial advisor or legal or tax professional regarding your specific situation.
The information provided on this website or on any third-party site does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of this website's content as such. Bakkt does not recommend that any digital asset should be bought, earned, sold, or held by you. Before making the decision to buy, sell, or hold any digital asset, you should conduct your own due diligence and consult your financial advisors. Bakkt will not be held responsible for the decisions you make to buy, sell, or hold digital assets based on information we provide.