Where to buy bitcoin? Please, Don’t move. We are coming with the best place to buy Bitcoin. Before we go further about the best places to but Cryptocurrency (BTC), let’s check to define what actually Bitcoin is.
Based on standardized definition, Bitcoin is a digital currency you can use either for online purchase or for an investment. Bitcoin works along with the system and enables the users to earn coins by “mining” or using their PC to complete calculations. This way, the users can buy and sell Bitcoin with dollars or other world currencies.
In this matter, Bitcoin has entered the world’s currencies to nearly $20.000 in value per coin in 2017. Never be pessimistic! Many of Bitcoin Evangelists predict that Bitcoin will remain in use in the future world currencies.
In this article, we are going to share you some information dealing with the best places where to buy Bitcoin. Read on this review and consider which one you will determine to buy or sell bitcoin.
10 The Best Places To Buy Bitcoin Easily In 2020
Have you ever heard Coinmama? If you have been familiar with Bitcoin, you may not feel strange to hear the term. Coinmama is just one of the recommended digital wallet to buy Bitcoin. It comes with all-in-one exchange with more than one million customers in 188 countries on the globe.
Although there is no mobile app available in this platform, it has the high quality. Yup, it is registered as a money business in the United States with the additional legitimacy and recognition higher than its competitors.
The next place where to buy Bitcoin to consider is CoinExchange. You can list CoinExchange as another best bitcoin exchange only with 0.15 percent to change your Bitcoin into the other coins. As one of the best listed wallets, it comes with the big number of coins on its platform. Even, it becomes the biggest lists of coins which are supported by any of the platform on the list.
CoinExchange looks very simple and offers robust security and long-term support to provide the currencies exchange on the platform. The biggest downside of this platform is only the lack of mobile apps, making it low in trading volume than the other platform and vague security policies.
3. Coinbase Pro
Now you can also consider Coinbase Pro to as the one of the best place to buy Bitcoin, too. Coinbase Pro is formerly known as GDAX. It is a serious trading platform with the familiar screens especially for those who use Bloomberg terminals or active stock, commodity and option trading platform. It offers a charge from 0.1 percent to 0.30 percent. This percentage is based on your trading volume. Using the Coinbase will enable you to trade less than $10 million per month but it can fall into 0.30 percent.
The next popular and widely used wallet to consider buying Bitcoin is Electrum. Electrum is designed particularly for desktop computer. However, you can also use Electrum for your laptop due to the software compatibility so that you can store your Bitcoins both on your laptop and desktop. Moreover, Electrum is now available for Windows, Mac OS X, Phyton, Linux and Android. Thus, it becomes more flexible software working better than the hardware, for instance, Trezor.
Electrum comes with the easy and quick way of storing the Bitcoin on your personal computer. But you must pay more attention to the risk when some troubles may occur such as the computer crashes, house fire and corruption. Hence, you must make sure to safe your coins and nothing bad happens.
The only downside of Electrum as one of the recommended spot where to buy Bitcoin is the fact that it does not provide you with the support for recovery process. To save your coins, there is an option that is printer and handwritten key. You may find the keyword “Cold storage” and you will safely save your coins.
If you ask me about how to buy bitcoin? Now, have you ever heard Blockchain? If you have ever used Bitcoin, it would not be strange to hear the term. Blockchain is just one of the digital currencies to buy Bitcoin through the platform in 35 countries. Like Coinbase, this one also runs the best process for currency exchange online.
No matter how small or big your fee is, Blockchain is just good to send and receive crypto currencies. It offers some security features including email verification, back-up security phrase and two-factor authentication along with the function to keep your Bitcoins safe. To add more security, Blockchain also blocks up your funds.
Hence, Blockchain is the best place to buy Bitcoins with the big security.
What is other wallet you can choose as a place where to buy Bitcoin? Well, Robinhood is one on the list. Robinhood comes as a free wallet for buying and selling Bitcoin. Many users recommend that we use this platform either for digital currency exchange or for investing. In other words, Robinhood works not only as a bitcoin wallet but also to exchange the digital currency. Thus, all is in one place.
Choosing Robinhood is just the right decision since it is the first mobile platform along with the desktop version, too. Thus, it is very flexible to use this app no matter you use your mobile or your desktop computer. Robinhood comes at free without any commission you have to pay.
Robinhood supports not only Bitcoin trades but also Ethereum trades in 15 countries on the globe. You can definitely manage your money directly from your phone or tablet using the web version. Isn’t this great?
Though there are only 16 states of crypto currencies covered by Robinhood, however, this platform plans to add more in the future. If you are staying in one of the states, Robinhood is the best option to consider.
How to buy cryptocurrency ?. Binance is also listed as one of the recommended place to buy Bitcoin which comes with the low rates. Yeah, Binance is popular with its low rates compared to its competitors. It supports not only its own Binance coin (BNB) but also Bitcoin and Ethereum. In this case, it offers only 1 percent for trades. That’s why it is popular among the users around the world.
Binance offers multiple currencies features that you can surely optimize. It is ready to support other digital currencies, for instance EOS, Ripple, Stellar Lumens, Litecoina and Ethereum Cash. It also provides you with a bunch of crypto currencies.
Binance is categorized as a platform with the wide range to low-cost currencies. The only major concern over this platform is the fact that it is not insured. If the wallet has no insurance, you must think twice when you want to use it regardless how best it is.
8. Square Cash
Listed as one of best place to buy Bitcoins, Square Cash proves to be versatile. This Bitcoin wallet is also good to consider using due to it providence of free mobile app to sell and buy Bitcoins. The mobile app availability makes the people lay the their option on this app. Square Cash is also known as the huge financial technology company offering you services including Bitcoin which is just a small part to run on.
If you want to sell and buy Bitcoin with Square Cash, you will be required to hold on your Bitcoin inside the account instead of holding it outside. Due to the purchase limitation which is $10.000 per week, you can expect to be able to send money to another wallet. One lucky things apart, you are free to sell what you want to sell.
Have you ever heard Trezor? If you have been Bitcoin user, this term is an uncommon. Yeah, Trezor comes as one of the best place to buy Bitcoins offering you a big security. Trezor is just simple and easy to allow you to store Bitcoins. It is a physical device you can plug into your computer, tablet and phone to access the coins. Trezor works for multiple currencies and as a password manager as well as two-factor authentication device running on useful features.
Trezor makes you less worried about the password and device lost because of the availability of the protections against the lost device and password. To ensure that you use this Bitcoin wallet well, you can learn from the other users about their experiences in using Trezor. Thus, you will be able to stop something bad happens like the stolen Bitcoin.
What is another choice of where to buy Bitcoin? Coinabse is one of the answers. Coinbase buy and sell digital currency is just easy and quick. you can connect to the bank account in the United States to transfer your dollars easily and quickly. BItcoin Cash, Litewin, Ripple and Bitcoin cash are all supported by Coinbase.
Nevertheless, there is a big downside lays on the security factor. Although it has been a dominant in the platform for Bitcoins and other world’s currencies, its product which is Mt Gox was hacked and lost near a half of billion dollars. Don’t worry, learning from this bad experience, Coinbase plans to have a huge security which will be updated and improved to satisfy the user with experience.
Out of several spots dealing with where to buy Bitcoin, you may read again this review to ensure which Bitcoin wallet you will take. You can consider choosing the low-rates Bitcoin wallet or even the free ones. Don’t hesitate to come back and check out this review every time you need the information dealing with the best spot to buy Bitcoins. Don’t forget to consider the downside to avoid the big risk you may get.
Hence, best way to buy cryptocurrency is choosing a spot to buy Bitcoin cannot ignore some considerations. In this case, simplicity, easy way, mobile app compatibility and the security are all the things you can list in the consideration. Save this page to let you easily open the page again anytime you need this information to share with your friends, families or work partners. Start you trading now and then with the best place to buy Bitcoins and stay safe with us.