7 Best Places to Buy Bitcoin in 2020
Bitcoin surprised the world, because it skyrocketed from obscurity to nearly $ 20,000 in value per coin in 2017, and today the highest value is $ 10,500, that means it has dropped by half the price two years ago, and maybe this could be an opportunity for you to invest in bitcoin, and waiting for prices to go up as in previous years.
The cryptocurrency market has been a little subdued since the record high, but many Bitcoin lovers, still claim Bitcoin as the future currency.
Follow along to learn more about how Bitcoin works and the best places to buy Bitcoin.
First of all, do you need some background information about what Bitcoin is?
Bitcoin This is a digital currency, which is mostly used for online purchases and as an investment, although it is very risky. It is not sponsored by any government. Instead, it works through a system where people in the Bitcoin community can get coins from "mining," or use their computers to complete calculations. You can also buy it with dollars or Rupiah and even almost all other currencies.
Bitcoin is very volatile, and not a place to invest funds that you might lose, this is only suitable for those of you who have abundant money, and even if you lose that money you still remain rich. Although there are a number of stories about people who made a lot of money on Bitcoin in 2017, but also many people who lost because of bitcoin falling from its peak. Some think it will be worth $ 1 million or more, while others, including Warren Buffett and JP Morgan Chase CEO Jamie Dimon, refer to bitcoin as an entire fraud system that is ready to fall.
Still interested in getting a piece of the Bitcoin cake? Here are a few pointers: When buying Bitcoin, you need a place to store it. This can be an online digital wallet attached to the account where you buy and sell, a program on your computer, or a physical device that you plug into your computer.
You can transfer Bitcoin and use it for purchases in several online and offline stores. But when trading in Bitcoin, beware of the large transfer fees when going back and forth between coins and other currencies and even transferring to other digital wallets.
So, where can you buy Bitcoin? Read on to find the best places to buy and sell Bitcoin today.
1. Coinbase
Coinbase is the largest and most respected Bitcoin platform in the United States. Offers an all in one exchange and wallet, making it one of the easiest places to start with Bitcoin. At Coinbase also supports Bitcoin Cash, Ethereum and Litecoin.
After you register and connect your bank account, you can easily transfer funds in and out of your account, and convert them to Bitcoin and return to dollars or even dollars at will. Coinbase charges a one percent variable percentage fee for U.S. transactions ($ 1 min, max $ 50) from a bank account or Coinbase USD wallet. Credit or debit card purchases add a fixed fee of 2.49%.
Coinbase Wallet is very secure, accessed through a Web application or mobile application, uses two-factor authentication and stores excessive digital and paper data backup "in vaults around the world." Plus, cash balances are insured for up to $ 250,000 for theft or breach of online storage. Furthermore, Coinbase holds 98 percent of the customer's currency offline so they stay safe from malicious hackers. This is further evidence why Coinbase is a leader in digital currency in the United States.
2. Binance
Binance supports various digital currencies including Bitcoin, Ethereum and their own coins namely Binance Coin (BNB). Binance charges a very low fee, only 0.1 percent for trading. If you want to go far beyond the most popular coins, Binance is your best choice.
Binance offers options to trade coins into many currencies and support digital currencies, including EOS, Skycoin, TRON, ICON, Ethereum Classic, Litecoin, Ripple, Stellar Lumens, Bitcoin Cash, plus many cryptocurrency that you may not have heard of.
Although this platform offers a large amount of currency at a low cost, there are a number of bugs reported with the Android mobile application and some users report delays in attracting certain currencies. Binance is not insured, which may be a major concern for some people, especially after some irregular trades are detected and reversed in March 2018.
3. Coinmama
Coinmama is a complete multipurpose and digital wallet that makes it easy to buy Bitcoin and a limited list of additional currencies in US Dollars or Euros. This site claims more than one million customers in 188 countries.
One easy feature allows you to buy Bitcoin in $ 100, $ 200, $ 1,000 or $ 5,000 increases in just a few clicks from the homepage. Although the bourse offers great real-time transactions, it charges higher fees than the others on this list by 5.9 percent. You will pay an additional five percent purchase with a credit or debit card.
Instead of buying and selling on the open market, Coinmama funds user trading from its own ownership, adding a little extra security compared to some open market platforms. There is no mobile application, but the website is very high quality. Coinmama is a registered money business in the United States, providing additional legitimacy and recognition above some competitors.
4. Robinhood
Robinhood started as a free stock brokerage, and has recently expanded into the world of cryptocurrency or digital currency. The best part: There are no fees! You can buy and sell Bitcoin and other digital currencies completely free on this platform. Since February 2018, Robinhood supports Bitcoin and Ethereum trading, and market data for 15 other currencies. Robinhood Crypto is technically a separate account from the Robinhood stock account. Crypto accounts support the market and limit orders.
Your coins are stored in the same Robinhood account that you used for your shares and share logins. Robinhood is the first company to support the mobile version and recently added a Web version, so this is best for people who are comfortable managing money from their mobile or tablet. Even though you might have to log in on a small screen to access your account, the most fun is it's free!
The biggest disadvantage is that Robinhood only functions in 16 countries for cryptocurrency trading, but plans to add more countries in the future. But if you live in one of these countries, Robinhood Crypto is a good choice to start trading in Bitcoin or Ethereum.
5. Square Cash
Square Cash is another mobile application where you can buy and sell Bitcoin at no charge. The Cash application is great for sending money to family and friends for free (similar to Venmo). But adding, buying and selling free Bitcoin puts the Cash application as one of the best places to buy Bitcoin.
Cash application comes from Square, the company that makes mobile credit card readers. Square is a large financial technology company that includes many other services. Bitcoin is only a small part of what they do. But without the cost, and the price is right.
Unlike some digital wallets, you don't hold your Bitcoin outside Square, it is stored in your Square Cash account in your name for sale or withdrawal. But if you want to send your coins to another wallet, Square also offers this feature. Square limits purchases of $ 10,000 per week, but there is no limit to what you can sell.
6. Coinbase Pro
Coinbase Pro (formerly known as GDAX) is a serious trading platform with a screen that looks familiar to those who use the Bloomberg terminal, or stock, commodity and option trading platforms. This imposes fees ranging from 0.10 percent to 0.30 percent based on your trading volume. Most people trade less than $ 10 million a month and will fall to the level of 0.30 percent. If you want to try Coinbase but with a much higher volume, this platform is the right choice.
Because GDAX is now part of Coinbase, funds are safe and insured. Just like Coinbase, cash is insured up to $ 250,000 and most coins are stored in physical form offline to prevent theft.
7. CoinExchange
CoinExchange is another low-cost exchange with most fees pegged at 0.15 percent to convert your Bitcoin into another coin.
CoinExchange offers a large number of coins on its platform, perhaps the largest list of coins supported by any platform on this list.
Even though the website looks simple, it offers strong security and long-term support for currencies on the platform. Developers can take their Bitcoin to the next level with the CoinExchange API.
The biggest drawback of CoinExchange is the lack of mobile applications, lower trading volumes than some other platforms and unclear security policies.
And those are the seven best places you can choose to buy and sell bitcoin or other digital currencies.
Hopefully this article is useful for you and good luck. 🙂
The cryptocurrency market has been a little subdued since the record high, but many Bitcoin lovers, still claim Bitcoin as the future currency.
Follow along to learn more about how Bitcoin works and the best places to buy Bitcoin.
First of all, do you need some background information about what Bitcoin is?
Bitcoin This is a digital currency, which is mostly used for online purchases and as an investment, although it is very risky. It is not sponsored by any government. Instead, it works through a system where people in the Bitcoin community can get coins from "mining," or use their computers to complete calculations. You can also buy it with dollars or Rupiah and even almost all other currencies.
Bitcoin is very volatile, and not a place to invest funds that you might lose, this is only suitable for those of you who have abundant money, and even if you lose that money you still remain rich. Although there are a number of stories about people who made a lot of money on Bitcoin in 2017, but also many people who lost because of bitcoin falling from its peak. Some think it will be worth $ 1 million or more, while others, including Warren Buffett and JP Morgan Chase CEO Jamie Dimon, refer to bitcoin as an entire fraud system that is ready to fall.
Still interested in getting a piece of the Bitcoin cake? Here are a few pointers: When buying Bitcoin, you need a place to store it. This can be an online digital wallet attached to the account where you buy and sell, a program on your computer, or a physical device that you plug into your computer.
You can transfer Bitcoin and use it for purchases in several online and offline stores. But when trading in Bitcoin, beware of the large transfer fees when going back and forth between coins and other currencies and even transferring to other digital wallets.
So, where can you buy Bitcoin? Read on to find the best places to buy and sell Bitcoin today.
1. Coinbase
After you register and connect your bank account, you can easily transfer funds in and out of your account, and convert them to Bitcoin and return to dollars or even dollars at will. Coinbase charges a one percent variable percentage fee for U.S. transactions ($ 1 min, max $ 50) from a bank account or Coinbase USD wallet. Credit or debit card purchases add a fixed fee of 2.49%.
Coinbase Wallet is very secure, accessed through a Web application or mobile application, uses two-factor authentication and stores excessive digital and paper data backup "in vaults around the world." Plus, cash balances are insured for up to $ 250,000 for theft or breach of online storage. Furthermore, Coinbase holds 98 percent of the customer's currency offline so they stay safe from malicious hackers. This is further evidence why Coinbase is a leader in digital currency in the United States.
2. Binance
Binance supports various digital currencies including Bitcoin, Ethereum and their own coins namely Binance Coin (BNB). Binance charges a very low fee, only 0.1 percent for trading. If you want to go far beyond the most popular coins, Binance is your best choice.
Binance offers options to trade coins into many currencies and support digital currencies, including EOS, Skycoin, TRON, ICON, Ethereum Classic, Litecoin, Ripple, Stellar Lumens, Bitcoin Cash, plus many cryptocurrency that you may not have heard of.
Although this platform offers a large amount of currency at a low cost, there are a number of bugs reported with the Android mobile application and some users report delays in attracting certain currencies. Binance is not insured, which may be a major concern for some people, especially after some irregular trades are detected and reversed in March 2018.
3. Coinmama
Coinmama is a complete multipurpose and digital wallet that makes it easy to buy Bitcoin and a limited list of additional currencies in US Dollars or Euros. This site claims more than one million customers in 188 countries.
One easy feature allows you to buy Bitcoin in $ 100, $ 200, $ 1,000 or $ 5,000 increases in just a few clicks from the homepage. Although the bourse offers great real-time transactions, it charges higher fees than the others on this list by 5.9 percent. You will pay an additional five percent purchase with a credit or debit card.
Instead of buying and selling on the open market, Coinmama funds user trading from its own ownership, adding a little extra security compared to some open market platforms. There is no mobile application, but the website is very high quality. Coinmama is a registered money business in the United States, providing additional legitimacy and recognition above some competitors.
4. Robinhood
Your coins are stored in the same Robinhood account that you used for your shares and share logins. Robinhood is the first company to support the mobile version and recently added a Web version, so this is best for people who are comfortable managing money from their mobile or tablet. Even though you might have to log in on a small screen to access your account, the most fun is it's free!
The biggest disadvantage is that Robinhood only functions in 16 countries for cryptocurrency trading, but plans to add more countries in the future. But if you live in one of these countries, Robinhood Crypto is a good choice to start trading in Bitcoin or Ethereum.
5. Square Cash
Square Cash is another mobile application where you can buy and sell Bitcoin at no charge. The Cash application is great for sending money to family and friends for free (similar to Venmo). But adding, buying and selling free Bitcoin puts the Cash application as one of the best places to buy Bitcoin.
Cash application comes from Square, the company that makes mobile credit card readers. Square is a large financial technology company that includes many other services. Bitcoin is only a small part of what they do. But without the cost, and the price is right.
Unlike some digital wallets, you don't hold your Bitcoin outside Square, it is stored in your Square Cash account in your name for sale or withdrawal. But if you want to send your coins to another wallet, Square also offers this feature. Square limits purchases of $ 10,000 per week, but there is no limit to what you can sell.
6. Coinbase Pro
Coinbase Pro (formerly known as GDAX) is a serious trading platform with a screen that looks familiar to those who use the Bloomberg terminal, or stock, commodity and option trading platforms. This imposes fees ranging from 0.10 percent to 0.30 percent based on your trading volume. Most people trade less than $ 10 million a month and will fall to the level of 0.30 percent. If you want to try Coinbase but with a much higher volume, this platform is the right choice.
Because GDAX is now part of Coinbase, funds are safe and insured. Just like Coinbase, cash is insured up to $ 250,000 and most coins are stored in physical form offline to prevent theft.
7. CoinExchange
CoinExchange is another low-cost exchange with most fees pegged at 0.15 percent to convert your Bitcoin into another coin.
CoinExchange offers a large number of coins on its platform, perhaps the largest list of coins supported by any platform on this list.
Even though the website looks simple, it offers strong security and long-term support for currencies on the platform. Developers can take their Bitcoin to the next level with the CoinExchange API.
The biggest drawback of CoinExchange is the lack of mobile applications, lower trading volumes than some other platforms and unclear security policies.
And those are the seven best places you can choose to buy and sell bitcoin or other digital currencies.
Hopefully this article is useful for you and good luck. 🙂
Posting Komentar untuk "7 Best Places to Buy Bitcoin in 2020"