The Best Places to Buy Bitcoin

Update on

Bitcoin has increased in popularity over the last few years, and it is now more popular than ever before; and there are many different ways to purchase Bitcoin. This post outlines some of the best places to buy Bitcoin online. We will also talk about avoiding scams or fraudulent websites that claim they sell Bitcoin but do not.

Let's take a look at these platforms.


1. Coinbase

Coinbase

Coinbase is one of the most popular Bitcoin exchanges in the United States. They broker exchanges between Bitcoin and fiat currencies in 32 countries and bitcoin transactions and storage in 190 countries worldwide. Coinbase offers a secure online platform for buying, selling, transferring, and storing digital currency.

Besides this, you could also go for bitcoin up as it is indeed AI-enabled, capable of making intelligent trades in real-time whenever important economic news and events break.


2. eToro

eToro is an investment platform valued at $100 million. It offers social trading where users can mimic other people's trades on their eToro “social” network.

The site allows you to buy both real Bitcoins and paper Bitcoins, which are vouchers with a private key beneath a hologram that corresponds to your public address.


3. eBay

eBay has recently partnered with Coinbase allowing its customers to pay for digital currency using PayPal accounts and converting them into Bitcoin immediately after payment.

This will be made possible thanks to SOSA technology developed by San Francisco-based PayStand, who in turn have integrated it through Braintree (a division of PayPal), providing an easy way for online merchants to accept payments in cryptocurrencies without having any understanding of digital currencies.


4. Robinhood

Robinhood

Robinhood is a free app that lets you trade stocks, cryptocurrencies, etc. Robinhood makes it easy for beginners by allowing them to purchase assets with zero fees!

If you are looking for a great cryptocurrency exchange platform without the high costs of other exchanges, this would be the best choice. On top of being fee-free, many people have reported getting their money within two days, which is much faster than most platforms.

This site also has some great features like market news and stock price alerts as well as watch lists for various types of currencies such as Bitcoin (BTC), Ethereum (ETH) and Litecoin LTC).


5. BlockFi

BlockFi offers interest-bearing accounts and FDIC insurance to keep your money safe. It is an easy way for US users to buy Bitcoin with a credit card or debit card instantly, but you can’t sell digital assets unless you want to pay the withdrawal fee, which will cost more than what you are making in interest on your account.

BlockFi has no fees while offering daily compounding interest rates of up to six per cent annually depending on how long funds are locked during deposit periods.


The Bottom Line

Bitcoin is a hot topic these days, so it's no wonder everyone wants to get in the game. But if you're unsure about the platforms to refer for bitcoin, make sure to consider the above places for trading bitcoin.

Pin It on Pinterest