Buying Bitcoin is a great way to buy merchandise without paying the high fees associated with credit cards. But you need to use a safe and reputable platform to avoid scams.
The best site to buy bitcoin should offer a wide range of currencies and minimal fees. It also should have a user-friendly interface.
Cryptocurrency exchange Coinbase
If you’re new to the crypto world and want to buy bitcoin, Coinbase is the best site to start. It’s quick, convenient and offers a variety of cryptocurrencies for trading, investing and staking.
It’s also easy to use, available 24/7 and has no fees for purchases and withdrawals. It’s also one of the most secure platforms to store your BTC.
You can buy and sell Bitcoin, Ethereum, and Dogecoin on Coinbase. You can also exchange them for other cryptocurrencies or even withdraw them to your bank account.
To get started, you’ll need a credit card or a bank account to link to your Coinbase account. You can also earn free bitcoin through Coinbase’s Crypto Learn program.
You’ll be required to complete a two-factor authentication, and you can choose to store your cash in a wallet or in custodial accounts at U.S. banks, or invest it in short-term U.S. treasuries or money market funds.
Cryptocurrency exchange eToro
eToro is an online trading platform that allows investors to buy and sell stocks, currencies, ETFs, and cryptocurrencies. It also offers a social trading feature where users can copy the trades of other traders.
Unlike other crypto exchanges, eToro is regulated by the Financial Industry Regulatory Authority (FINRA) and Securities and Exchange Commission (SEC). This makes it a safe place to invest.
Another reason eToro is the best site to buy bitcoin is that it doesn’t charge fees on deposits and withdrawals. This is important to those who want to buy and sell crypto with USD dollars.
It also has its own cryptocurrency fund called Smart Portfolios that allow investors to make investments in a variety of different cryptocurrencies. These are rebalanced regularly to help minimise risk.
Another great feature of eToro is its Popular Investor program. This is a unique program that allows traders to earn extra income by inviting other investors to copy their strategies. Traders qualify for perks based on their account equity, the number of copiers they attract, and how long they maintain a low risk score.
Cryptocurrency exchange LocalBitcoins
Whether you are looking to buy or sell bitcoin, LocalBitcoins is the best site to do it. It is one of the oldest regulated peer-to-peer (P2P) exchanges, and has a wide selection of payment methods and an integrated escrow service to provide truly secure trades.
To get started, you must first create an account. This will require you to provide a valid government-issued ID and a physical address. It may be a little intrusive, but it’s necessary for privacy reasons.
Once you’re verified, you can start searching for traders in your area. Alternatively, you can also post an advertisement yourself and try to find buyers for it.
The site has a reputation system, including user’s ratings and public history records of their trading activity to make identifying fraudulent users easier. Moreover, it offers two-factor authentication and login guard to add an extra layer of security.
Traders are required to hold a certain amount of Bitcoins in escrow, which is released when fiat payment has been received. However, there are always potential scammers out there, so be sure to conduct proper due diligence before a trade.
Cryptocurrency exchange Bybit
Bybit https://www.bybit.com/en-US/ is a crypto exchange with a user-friendly interface that supports buying and selling of cryptocurrencies with fiat money. It currently offers 18 different cryptocurrencies, with more being added frequently.
It’s easy to use and offers instant delivery on all purchases. It supports a number of payment methods, including Visa and Mastercard, Apple Pay, and international bank wire.
The company has a strict identity verification process, which helps keep accounts secure and prevent fraud. It also offers 2-factor authentication.
The exchange doesn’t store any of its users’ cryptos, but instead sends orders directly to the wallet address provided during the purchase. While this can make it more expensive than other exchanges, it’s a safe way to buy crypto.