AI responses may include mistakes. For financial advice, consult a professional. Learn more What Actually Happens to Your Money When You Buy Crypto

When purchasing Bitcoin, fiat currency is transferred to a previous owner on exchanges, directly to a seller in peer-to-peer trades, or to operators of ATMs and brokerage services. Additionally, fees from these transactions often go to the exchange platform or to miners as network fees. Read the full analysis at Yucatan Magazine .