In this post, we will talk about where to buy bitcoin. Bitcoin is a cryptocurrency that has taken the world by storm, and it’s not hard to see why. There are many benefits of using bitcoin, such as sending money across borders quickly without high banking fees, having more control over one’s personal financial information, and increased security on transactions where your credit card number isn’t exposed.
These reasons make buying bitcoin an attractive option for those who want to have a better life financially. Although there are many ways to buy Bitcoin online, I’m going to list some of the best ones here so that you don’t get scammed!
List of the best platforms where you can buy Bitcoin:
- Coinbase: One of the most popular and reputable online bitcoin exchanges where you can buy BTC with USD, EUR, or GBP. The downside to this site is that it has a slightly higher rate for buying bitcoins than other sites. You will need to verify your entire identity, including uploading identification documents like passports or driver’s licenses, if you want to purchase larger amounts of Bitcoin beyond $150 worth at once.
- LocalBitcoins: another good place where people worldwide can meet up in person and trade Bitcoins. This site offers more privacy as they don’t require any government registration, but there are risks involved, such as scams through sellers who have not completed transactions before! It’s best to use escrow services involving a third party where the buyer pays an agreed-upon amount to a third party who will make sure that both parties follow through and complete the transaction.
- Amazon: yes, you can buy Bitcoin on Amazon! This is not as popular as other methods, but it does exist. If you are looking for accessibility, this could be your best bet because many people have access to shop at Amazon’s website, so they might also know how to invest in Bitcoin online! Amazon does not require any registration, and the process is straightforward, where you can buy Bitcoin with a credit card.
- Changelly: this website offers a quick and easy way to buy Bitcoin. This is where you can find the best exchange rate for your currency through this peer-to-peer service where sellers are found who will then provide their cryptocurrency of choice in return! The Bitcoin is then transferred to your wallet, where you can do with it as you please.
- Bitsquare: This decentralized exchange is ideal for buyers who want more anonymity in their transactions and those who are not interested in buying Bitcoin through a centralized service like Coinbase (which has stricter policies). Bitsquare allows you to trade Bitcoin in an open market with other users where the cryptocurrency is transferred directly from person to person.
- IO: This exchange service offers a wide range of cryptocurrencies and fiat currencies for use on their platform, including the ability to buy Bitcoin through bank transfer or credit card purchase!
- Kraken: If you are looking to buy bitcoin, Kraken is one of the most popular options with its competitive fees and worldwide availability.
- Blockchain: Blockchain is where you can get Bitcoin in just a few minutes, and it will allow anyone to buy small amounts of the cryptocurrency. It also lets users store their Bitcoin more securely than anywhere else where it could go missing or stolen.
- ShapeShift: this website offers one of the fastest methods for buying bitcoins today through different types of available currencies on the site, so if you’re looking for speed, then ShapeShift might be your best option.
A digital wallet ensures that all transactions are secure when done online, which makes it so much easier to invest safely with the help of an intermediary like Coinbase or Blockchain. They have multiple security features such as two-factor authentication, email notifications about pending deposits and withdrawals, advanced privacy methods, and more!
Coinbase also provides other services such as storing Bitcoins after purchase if you need somewhere safe to keep them while not using them. In addition, they offer vault storage where coins cannot be accessed without entering a personal identification number, which is where many people store their Bitcoins when not using them.
Choose the best option that fits you and start investing in Bitcoins now!