After selecting an exchange and connecting a payment option to your exchange account, you can now buy Bitcoin and other cryptocurrencies. Cryptocurrency and exchanges have gradually become more common in recent years. Stock markets have improved significantly in terms of liquidity and features. The stock market concept, once thought to be fraudulent or suspicious, has come to be accepted as reliable and legitimate. Cryptocurrency exchanges have reached a point where they have almost the same characteristics as stock brokers today. Crypto exchanges today offer a range of order types and investment paths. Almost all crypto exchanges offer both market and limit orders, some of which also offer a stop loss order option. Of the exchanges mentioned above, Kraken offers the most order types. Kraken allows "market", "limit", "stop loss", "stop limit" and "take profit" orders. Exchanges offer a variety of order types as well as recurring investment options that allow clients to have an average dollar cost on their preferred investment. Coinbase, for example, allows users to make recurring purchases for each day, week or month. Being an account on an exchange is the only way you really need to buy Bitcoin or other cryptocurrencies, but there are other steps you should consider for greater security.