Have you been thinking about buying bitcoin? We did some research on some of the top platforms to buy crypto currency just for you.
Bitcoin is the first ever crypto currency in existence. It’s also the most popular and well supported out of all the digital currencies. Continue reading to see what platform works best for you.
Overall Best: Coinbase
Coinbase is the major and most valued Bitcoin platform in the United States. It offers both an exchange and wallet in one which makes it one of the easiest places to start with Bitcoin.
When you sign up and link your bank account, you can simplytransfer funds in and out of your account and exchange them to Bitcoin and back to dollars if you want. Coinbase charges aninconstant percentage fee of one percent for U.S. transactionsfrom a bank account or the Coinbase USD wallet. Buying with a credit or debit card increase the fees to 2.49 percent.
The Coinbase wallet is very safe, accessed through the Web app or mobile app. They also use two-factor authentication and keeps digital and paper backups of data in the safe deposit boxes and vaults around the world. Also, cash balances are insured up to $250,000 contrary to robbery or a breach in online storage.
Coinbase holds 98 percent of client currencies offline to keep them safe from malevolent hackers that’s why Coinbase is a leading light in digital currencies in the United States.
Best for Low Cost: Robinhood
Robinhood started as a stock brokerage and lately extended into the world of digital currencies. The best part about Robinhood, there is no fees. You can buy and sell Bitcoin and other digital currencies completely fee-free on this platform. Since February 2018, Robinhood supports Bitcoin and Ethereum trades and market data for additional 15 currencies. Your coins are stored in the same Robinhood account you use for your stocks and share. Robinhood have mobile and a Web version, so it is best for people to easily manage money from their phone or tablet.
Best for Flexibility: Square Cash
This is another mobile app where you can buy and sell Bitcoin with no fees. The Cash app is by now great for sending money to family and friends for free (similar to Venmo). But addition offree Bitcoin buying and selling places the Cash app in the top places to buy Bitcoin.
The Cash app is created by Square which is a company that makes mobile credit card readers. Square is a massive financial technology firm that comprises many other services. Bitcoin is just a small portion of what they do with no fees.
Different from other digital wallets, you don’t hold your Bitcoin outside of Square because they are held in your Square Cash account on your behalf to sell or withdraw, on the other hand if you do want to send your coins to alternative wallet, Square does offer that feature.
Best for Low Rates in Other Currencies: Binance
Binance supports an extensive variety of digital currencies including Bitcoin, Ethereum and its own Binance Coin (BNB). Binance charges very low fees at fair 0.1 percent for trades. If you want to go far beyond the most popular digital currency, Binance is your finest option.
Binance offers the opportunity to trade coins into various currencies and supports digital currencies, including EOS, TRON, ICON, Ethereum Classic, Litecoin, Ripple, Stellar Lumens, Bitcoin Cash and also bunch of cryptocurrencies you have possibly never heard of. This platform offers a enormous range of currencies at a low price.