Best Sites to Buy Bitcoin

Bitcoin is a digital currency which is considered as a future investment. It is mainly used for online transactions. Any authority does not control Bitcoin. Users can earn bitcoins from mining. Miners should solve complex mathematical puzzles for making coins. For storing bitcoin, we need a wallet. There are both online wallets and offline wallets. 

Popular sites to buy bitcoin

• Coinbase

It is one of the largest Bitcoin platforms. It acts both as an exchange and a digital wallet. It is the safest place to buy bitcoin. 

If you sign up in coinbase and connect a bank account, we can transfer funds to our account. We can convert dollars into bitcoins, and bitcoins can be converted into dollars via coinbase. 

This is a secure platform, and it can be assessed via a mobile app. It uses multiple-factor authentication. Coinbase keeps digital data safe. Cash balance is insured up to 250,000 USD against data theft. It holds coins offline to save them from hackers. 

• Jidex

Jidex is an instant, safe and trusted all over the world cryptocurrency exchange service which plays the role of intermediary between users and crypto exchanges, giving users access to buy bitcoin.

Our main mission is to make the process of buying bitcoins easy and fast for everyone who wants to buy bitcoin.

Our staff members work hard every day to satisfy the needs and demands of our customers for them to have an easy, fast and safe journey through JIDEX.

• Robinhood

It is the best low-cost platform for buying and selling bitcoins. They do not charge any fee for bitcoin transactions. Robin Hood is a customer-friendly platform that supports digital currency trade.

Robinhood is more suitable for mobiles. But we can also use computers for trading. 

• Cash App

This is also a mobile app for Bitcoin transactions. This app is used for buying and selling bitcoin. It is also a fee-free app. The cash app is created by a US company called Square. Square is a technology firm that is famous for creating digital credit card readers.

Bitcoin will be held in our square account on our behalf to withdraw coins or sell coins. We can also send coins to another wallet. There is a limit for purchases in the cash app per week. The limit is $10,000. But there is no limit to sell your coins. 

• Binance

It supports a number of cryptocurrencies such as bitcoin and ethereum. They charge only a small amount as fees. It is not much popular. But if we consider low rates, then finance is a good option. 

Using Binance, we can trade bitcoins into other multiple currencies. It supports cryptocurrencies like skycoin, ethereum classic, litecoin, and ripple.

So this is the best platform that offers a wide range of cryptocurrencies at a cheap rate. The only disadvantage of this platform is that it is not insured.

• Coinbase Pro

The former name of this platform was GDAX. This platform is more suitable for active traders. Coinbase Pro is similar to Bloomberg terminals and commodity trading platforms. Fees will be between 0.04 percent and 0.5 percent. It depends on the trading volume. If our trading volume is large, then this platform will be more suitable. 

Funds are insured in coinbase pro. It is a safe platform. To prevent hackers, coins are stored offline.

• Coinmama

It is the best platform for quick transactions. It works both as an exchange and a digital wallet. We can easily buy bitcoin and other currencies like Dollars and Euros from this platform. Coinmama is used in 188 countries. They claim that they have more than two million customers. 

The coinmama exchange offers easy transactions. But they charge more fees than other platforms. For buy transactions, their fee is 3.90%. For sell transactions, they charge 0.90% as fees. If we use a debit card for transactions, we have to pay 5% additional fees.

This platform fund trades from their holdings. It will provide extra security to this platform. So coinmama is more secure than other platforms. Their website is of good quality. This is a registered business firm in the US. So it will be more legitimate. 

How to select the best platform 

For selecting a good platform, we should consider some essential factors. The main elements are reviews from customers, history of the platform, features of wallet, speed of transactions, and the fees they charge. Before Accepting Bitcoin one should know more about bitcoin trading. Buying BTC is safe when we use a good platform. We should research a platform before we invest in it. Bitcoin is a safe and valuable investment. Their price is volatile. But economists consider bitcoin as a future currency.