The Best Place to Buy Bitcoin
The best place to buy Bitcoin is on a crypto exchange. This means that the exchange will protect your Bitcoin and keep all the information about its value, so you can speculate about its value. Using a crypto exchange will also help you calculate how much your Bitcoin is worth. However, it is important to use a trusted crypto exchange, such as Coinmama or BlockFi. Listed below are some of the most popular ones.
LocalBitcoins is a peer-to-peer escrow exchange where you can purchase Bitcoin directly from people in 249 countries. While this service does not offer a fixed market price, it has a number of convenient payment options for its users. You can pay with a credit card, debit card, Apple Pay, or bank account, and it also offers multiple payment methods. The registration process is quick and easy.
If you are located in the U.S., you can choose BlockFi to buy Bitcoin. The exchange has a number of payment options that will make buying Bitcoin as easy as possible. You can use Apple Pay, debit cards, or even direct bank transfers. This option will not be available for residents of countries that have been designated by the U.S. government to prohibit cryptocurrencies. If you have a bank account, you can use this option to purchase Bitcoin with your credit card. You can also opt to purchase your Bitcoin immediately with a debit card.
Once you’ve selected the currency you’d like to purchase, you’ll need to find an exchange to use. A good exchange will support a variety of deposit and withdrawal methods, and it will have a variety of trading commissions. You can also check to see if the company is licensed and regulated. Once you’ve made a decision, you’ll need to choose a trusted cryptocurrency exchange to buy your bitcoin.
Coinmama isn’t the cheapest exchange, but it offers a variety of purchasing options, including Apple Pay. The best part about this exchange is that it’s non-custodial, meaning you retain the coins you purchase. This makes it a great choice for newbies because you can use your credit card to buy and sell, while still maintaining your anonymity. Another important feature is that it’s easy to use and supports a number of payment methods, including Apple Pay, Visa, and MasterCard.
Before you buy bitcoin, you need to open an account with a cryptocurrency exchange. Most decentralized exchanges don’t require an account, but you’ll have to have a wallet or be technically skilled to use these sites. You’ll have to fund your account before you can buy Bitcoin. If you don’t want to use a bank account, a P2P exchange is probably your best bet. Although it may be easier for the experienced buyer, newbies should be aware of the many advanced trading options and risky transactions.