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Which Place Is Safe To Buy Bitcoins

Posted by Robert William on

Which Place Is Safe To Buy Bitcoins

Bitcoins


Bitcoins (BTC) the most valuable and talked about cryptocurrency is a digital floating exchange that is most used actively on trades of exchanges.

Launched in 2009, it is considered to be  a digital firm which has grown wildly over the past years, used mostly for online purchases and an investment

 There are numerous trading platforms and online exchanges that let you trade bitcoin and other cryptocurrencies.

 But the main thing you have to beware of is  trading costs, platform security, and reputation/trust of the bitcoins suppliers.


Which place is safe to buy this Bitcoins?


Bitcoins, not sponsored by any government. Instead of, you can buy bitcoins from bitcoins mining community orelse you can also buy them with dollars or nearly any other currency.


As noted, there are few places where you can safely buy this bitcoins


  1. CoinBase

Coinbase is the largest and most reputed Bitcoin platform functioning in the United States. It is one of the easiest places to start with Bitcoin which offers both an exchange and wallet in one choice. It supports Bitcoin Cash, Ethereum and Litecoin.


Once you sign up and connect your bank account, you can easily transfer funds in and out of your account and convert them to Bitcoin and back to dollars at will.


You can access it through both the Web app or mobile app. It  utilizes two-factor authentication and keeps redundant digital and paper backups of data “in safe deposit boxes and vaults around the world.


  1. Coinmama

Coinmama has more than one million customers in 188 countries and it functions as a all-in-one exchange and digital wallet that makes it easy to buy Bitcoin and a limited list of additional currencies in the U.S. Dollars or Euros. 


It has no mobile app, but the website is very high quality



  1. Robinhood

Robinhood initially started as a fee-free stock brokerage and recently expanded into the world of digital currencies. 


From February 2018, you can buy and sell Bitcoin and other digital currencies completely fee-free on this platform.


It supports Bitcoin and Ethereum trades and market data for another 15 currencies.


Started its operation in mobile first and recently it added a Web version, so it is best for people comfortable managing money from their phone or tablet.


  1. Binance 

Binance supports a wide range of digital currencies including Bitcoin, Ethereum and its own Binance Coin (BNB). 


It offers a wide option to trade coins into multiple currencies and supports digital currencies, including EOS, Skycoin, TRON, ICON, Ethereum Classic, Litecoin, Ripple, Stellar Lumens, Bitcoin Cash, plus a bunch of cryptocurrencies.


But noted, there are also some bugs reported with this Android mobile app and some users have reported delays withdrawing certain currencies


  1. CoinExchange

CoinExchange is another low-cost exchange platform as it offers a huge number of coins on its platform, perhaps the biggest lists of coins supported by any platform on this list.

On this platform the website looks simple, it comes to the point of security, it is  robust and has long-term support for currencies on this platform. 

  1. Coinbase Pro

Coinbase Pro (formerly known as GDAX) looks familiar to those who use Bloomberg terminals or active stock, commodity and option trading platforms. 

Because GDAX is now part of Coinbase, funds are safe and insured, and the majority of coins are stored in physical form offline to prevent theft.

 

  1. Square Cash

Square cash is another mobile app, here you can buy and sell Bitcoin with no fees. Buying and selling free puts this Cash app near the top of the places to buy Bitcoin list.

Unlike some digital wallets, you don’t hold your Bitcoin outside of Square, it is held in your Square Cash account on your behalf to sell or withdraw. But if you do want to send your coins to another wallet, Square does offer that feature. 

  1. Local Bitcoins

LocalBitcoins was founded in june 2012  and has set its marketplace from Helsinki, Finland. The site uses an escrow system, and the transfer of bitcoin is made after funds are received in the sellers account.

The site is suggested for casual traders seeking more privacy.

  1. Paxful Bitcoins

Paxful is very popular in the cryptocurrency space.

In this platform,  you can start  immediately with a digital wallet and  also  you are allowed  to buy or sell  hassle-free bitcoins.

It has both the functions of a website and the mobile apps.

Which Is The Correct Time To Buy Bitcoins

To Find out the right time to purchase bitcoins, make use of tools like Bitcoin Wisdom or Cryptowatch.

It has a metrics chart which analyse with the other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

 

 


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