Wednesday, May 20, 2020 UTC
What Are the Best Websites to Buy Bitcoin Using Fiat?
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There are many places where you can buy Bitcoin with regular currencies such as US dollars and Euros. The tricky thing is finding out the best place to go for you. This difficulty comes about because there is no one best place for everyone.
Here are some great places to buy Bitcoin with fiat currency, along with a guide to who each one is best suited for. Read this list and proceed carefully, it’s a crazy world out there in cryptocurrency!
1. CEX.IO
CEX.IO is a Bitcoin exchange with one of the best reputations in the business. It has started off as a cloud mining provider, grew into the most famous Bitcoin exchange in the UK. It has maintained its solid reputation throughout its 7+ year lifespan (that’s a long time in cryptocurrency).
CEX.IO is a great Bitcoin exchange if you’re a complete beginner and looking for a crypto experience similar to what you might be used to at a regular bank. You load your wallet with Bitcoin easily with a multitude of payment options. There’s also an excellent mobile app for buying and trading while you’re out and about.
When you do become more experienced, there’s a platform called CEX.IO Broker available with more tools for traders. Things like margin trading are increasing the options you have when trading Bitcoin. Overall, CEX.IO is one of the most complete platforms for buying Bitcoin using regular currencies. Much like the next option on the list.
2. Coinbase
Coinbase is one of the most famous Bitcoin exchanges. It’s your classic San Francisco Silicon Valley tech startup that’s now taking over the world. The company had early investment from some big-name technology investors, and now it is growing competitively and striving to be the best in the business.
For users, this has a lot of benefits. Firstly, the exchange is based in the US, which makes things easier for American Bitcoin buyers. Coinbase also has an array of payment methods and even a dedicated exchange, Coinbase Pro, for advanced traders.
One of the really cool things about Coinbase is the ’earn’ feature. Here, you get paid for learning about different cryptocurrencies. All you need to do is watch video lessons on how different tokens work and you earn money! Presumably, networks are investing in future advocates for their platforms.
Overall, Coinbase is another well rounded Bitcoin exchange perfect for beginner traders. However, fees on Coinbase and CEX.IO can be quite high. It’s worth looking at some other platforms before making a decision on which exchange to commit to.
3. Binance
Binance is an extremely popular exchange with traders all over the world. It’s especially a favorite with advanced traders. In 2018, it became the most valuable exchange in the world with a market capitalization of 1.3 Billion, eclipsing all other Bitcoin exchanges.
Binance is somewhat of a nomadic Bitcoin exchange. It originally launched in China, but then eventually moved to Japan for operational reasons. It later opened offices in Taiwan, and now Malta due to regulatory reasons.
Binance has incredible features for traders of all levels. You can even change the interface of the exchange depending on your trading needs, so beginners don’t get confused, and pros don’t miss out on vital info and trading tools.
4. Coinmama
Coinmama is one of the classic Bitcoin exchanges. Its claim to fame is that it’s the best exchange for buying Bitcoin with a credit card. Whether that is true or not, it does provide an easy way to buy and sell Bitcoin for beginners all around the globe.
Like many Bitcoin exchanges, Coinmama offers an affiliate program for users. That means you can earn commissions for getting other people to sign up. Convince someone to join the Coinmama exchange and you’ll earn 15% of all future fees and commissions from their trades. This could potentially be a great money earner for the rest of your life, but be careful. You don’t want to come across as a sleazy salesperson to your friends and family. Make sure you keep other’s best interests in mind too.
5. Kraken
Named after the infamous sea monster, the Kraken is becoming a beast in the world of cryptocurrency trading. Kraken was incepted all the way back in 2011, when the founder, Jesse Powell, thought that the Mt. Gox exchange might fail. It turned out that he was right, and now Kraken is one of the largest and most loved Bitcoin platforms in existence.
Kraken focuses on making the process of buying and earning cryptocurrencies beautiful and fun. The website is decorated with artwork, and there’s even a podcast to keep you up-to-date with all things crypto. The features page can let you know if Kraken has everything you need in your trading toolset.
6. LocalBitcoins
LocalBitcoins is quite different from the other exchanges on this list. It works as a peer-to-peer exchange. That means that rather than buying from the website itself, it connects you with other people in your local area that sell Bitcoin. Kind of like eBay for Bitcoin.
The advantage of using this type of exchange is flexibility. You can buy Bitcoin with almost any payment method you choose, from cash to bank transfer, or credit card. You can even remain completely anonymous while you buy and sell.
The drawback is security and safety. You’ll have to figure out by yourself if buyers are trustworthy, and if you’re ever going to receive your cryptocurrency. There is a rating system for sellers, but you still need to be very careful.
Choose Carefully
There are so many websites to buy Bitcoin now. All will boast of amazing features and how they are the best. Remember to always do your research before committing to any Bitcoin exchange. Your number one priority needs to be keeping your identity and funds safe at all times!
Here are some great places to buy Bitcoin with fiat currency, along with a guide to who each one is best suited for. Read this list and proceed carefully, it’s a crazy world out there in cryptocurrency!
1. CEX.IO
CEX.IO is a Bitcoin exchange with one of the best reputations in the business. It has started off as a cloud mining provider, grew into the most famous Bitcoin exchange in the UK. It has maintained its solid reputation throughout its 7+ year lifespan (that’s a long time in cryptocurrency).
CEX.IO is a great Bitcoin exchange if you’re a complete beginner and looking for a crypto experience similar to what you might be used to at a regular bank. You load your wallet with Bitcoin easily with a multitude of payment options. There’s also an excellent mobile app for buying and trading while you’re out and about.
When you do become more experienced, there’s a platform called CEX.IO Broker available with more tools for traders. Things like margin trading are increasing the options you have when trading Bitcoin. Overall, CEX.IO is one of the most complete platforms for buying Bitcoin using regular currencies. Much like the next option on the list.
2. Coinbase
Coinbase is one of the most famous Bitcoin exchanges. It’s your classic San Francisco Silicon Valley tech startup that’s now taking over the world. The company had early investment from some big-name technology investors, and now it is growing competitively and striving to be the best in the business.
For users, this has a lot of benefits. Firstly, the exchange is based in the US, which makes things easier for American Bitcoin buyers. Coinbase also has an array of payment methods and even a dedicated exchange, Coinbase Pro, for advanced traders.
One of the really cool things about Coinbase is the ’earn’ feature. Here, you get paid for learning about different cryptocurrencies. All you need to do is watch video lessons on how different tokens work and you earn money! Presumably, networks are investing in future advocates for their platforms.
Overall, Coinbase is another well rounded Bitcoin exchange perfect for beginner traders. However, fees on Coinbase and CEX.IO can be quite high. It’s worth looking at some other platforms before making a decision on which exchange to commit to.
3. Binance
Binance is an extremely popular exchange with traders all over the world. It’s especially a favorite with advanced traders. In 2018, it became the most valuable exchange in the world with a market capitalization of 1.3 Billion, eclipsing all other Bitcoin exchanges.
Binance is somewhat of a nomadic Bitcoin exchange. It originally launched in China, but then eventually moved to Japan for operational reasons. It later opened offices in Taiwan, and now Malta due to regulatory reasons.
Binance has incredible features for traders of all levels. You can even change the interface of the exchange depending on your trading needs, so beginners don’t get confused, and pros don’t miss out on vital info and trading tools.
4. Coinmama
Coinmama is one of the classic Bitcoin exchanges. Its claim to fame is that it’s the best exchange for buying Bitcoin with a credit card. Whether that is true or not, it does provide an easy way to buy and sell Bitcoin for beginners all around the globe.
Like many Bitcoin exchanges, Coinmama offers an affiliate program for users. That means you can earn commissions for getting other people to sign up. Convince someone to join the Coinmama exchange and you’ll earn 15% of all future fees and commissions from their trades. This could potentially be a great money earner for the rest of your life, but be careful. You don’t want to come across as a sleazy salesperson to your friends and family. Make sure you keep other’s best interests in mind too.
5. Kraken
Named after the infamous sea monster, the Kraken is becoming a beast in the world of cryptocurrency trading. Kraken was incepted all the way back in 2011, when the founder, Jesse Powell, thought that the Mt. Gox exchange might fail. It turned out that he was right, and now Kraken is one of the largest and most loved Bitcoin platforms in existence.
Kraken focuses on making the process of buying and earning cryptocurrencies beautiful and fun. The website is decorated with artwork, and there’s even a podcast to keep you up-to-date with all things crypto. The features page can let you know if Kraken has everything you need in your trading toolset.
6. LocalBitcoins
LocalBitcoins is quite different from the other exchanges on this list. It works as a peer-to-peer exchange. That means that rather than buying from the website itself, it connects you with other people in your local area that sell Bitcoin. Kind of like eBay for Bitcoin.
The advantage of using this type of exchange is flexibility. You can buy Bitcoin with almost any payment method you choose, from cash to bank transfer, or credit card. You can even remain completely anonymous while you buy and sell.
The drawback is security and safety. You’ll have to figure out by yourself if buyers are trustworthy, and if you’re ever going to receive your cryptocurrency. There is a rating system for sellers, but you still need to be very careful.
Choose Carefully
There are so many websites to buy Bitcoin now. All will boast of amazing features and how they are the best. Remember to always do your research before committing to any Bitcoin exchange. Your number one priority needs to be keeping your identity and funds safe at all times!
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