Top 10 Best Exchanges

There are many different exchanges and new are coming every day. But not all support all cryptocurrencies and not all are safe for your money.

Here are the top 10 best bitcoin exchanges:

 

Broker Main Feature Supported Countries Trading Currency Review Open Account
Paxful USA Low Fees Global BTC Review Visit Exchange
coinbase USA Very Secure US, Canada, UK, AU, Singapore + 27 other EU BTC, ETH, LTC, BCH Review Visit Exchange
Not Hacked EU BTC, BCH, ETH+4 Other Review Visit Exchange
localbitcoins USA Provides good anonymity Global BTC Review Visit Exchange
CEX.IO USA Beginner Friendly US BTC, LTC, ETH Review Visit Exchange
USA Supports USD and Euro EU, US BTC, XRP, LTC, BCH, ETH Review Visit Exchange
kraken USA Credit and Debit Cards Not Supported EU, US, JP, CA BTC, BCH, ETH, ETC, DASH, XLM + 11 other cryptocurrencies Review Visit Exchange
Bittrex USA Not Begginer Friendly US 190+ Review Visit Exchange
iq option Good customer care EU BTC, BCH, ETH +9 Other Review Visit Exchange

Which exchange is available in my country



Exchange Countries Supported
CoinBase US, Canada, the UK, Australia, Singapore and 27 other European countries. Clients from Africa and most parts of Asia cannot create an account
BitFinex Global but citizens from Ecuador, Bolivia, Bangladesh and Kyrgyzstan
Bitstamp More than 50 countries in Europe, Australia, US, Brazil and China.
Bittrex More than 50 countries in Americas, Africa, Asia, Europe and Australia/Oceania
CEX.io Global except in Afghanistan, Bosnia and Herzegovina, Burundi, Democratic Republic of the Congo, Central African Republic, Cuba, Ethiopia, Iceland, Iran, Iraq, North Korea, Laos, Lebanon, Libya, Somalia, South Sudan, Sudan, Syria, Uganda, Vietnam, Vanuatu, Yemen and Zimbabwe.
EToro Global except in USA, Myanmar, North Korea, Iran, Cuba, Sudan and Syria.
Iq Option Global except in US, Japan, Canada, Australia, Belgium, Iran, Sudan, Turkey, Syria and Russia.

 

Kraken Global except in OFAC sanctioned countries like North Korea, Myanmar and Iran.
LocalBitcoins More than 250 countries except in the state of New York, where Bitcoins trading is illegal and OFAC sanctioned countries.
Paxful More than 100 countries except in the State of New York and OFAC sanctioned countries.

How to buy Bitcoin?

DIFFERENT WAYS OF BUYING BITCOIN

Bitcoin is the main cryptocurrency that is trending on the digital investment circles worldwide. The purely digital currency was established in 2009. Although Bitcoin is still in its early stages of development-Bitcoin is barely 8 years old, investors are cashing in heavy as prices sky-rocket.

 

Why Buy Bitcoin

Well, there are, many aspects of cryptocurrencies that makes them vulnerable and a risky venture to consider as an investment. However, most often than not, cryptocurrency has proven to be a risk worth taking.

Bitcoin, the mother of all cryptocurrencies, has time and again been a worthwhile investment for the duration of time it has been in circulation. As an investor, you may want to buy the Bitcoin because the digital currency is gaining worldwide acceptance in businesses and other investment forums all across the globe. You can now transact with Bitcoins instead of the cards or cash.

This makes it a safe mode of transaction compared to the conventional modes of transaction. Moreover, this digital currency gives you good returns on investment as long as it is in circulation.

How to Buy Bitcoin with Cash

Figure 1: LocalBitcoins

Buying the Bitcoin with cash is one of the fastest ways of investing with the Bitcoin. You can get bitcoin in a few hours after purchasing it with cash and it is also a more private way of investing in Bitcoins. Buying bitcoins with cash transactions is easy, fast and private.

You can purchase your Bitcoins with cash trade or cash deposits from LocalBitcoins and Paxful. The transaction process is not only easy but also very fast and private.

To purchase the Bitcoin in cash the first thing you should find out is if there is a trustworthy seller who accepts cash from where you want to purchase the Bitcoin. Then you need to specify the amount of Bitcoins you need and place an order. From there, you will receive account number from seller then deposit the money into the seller’s account who will give you the receipt which you will upload to prove that you made your deposit. Once completed, Bitcoins will be sent to your LocalBitcoins/Paxful wallet.

 

How to Buy Bitcoins with Credit Cards

Figure 2: CEX.io buy Bitcoins

With most of the world’s elite investors opting to carry cards instead of cash, the investors looking to safely in the bitcoin are most likely to use the credit cards.

One of the most convenient ways of purchasing Bitcoins using your credit card is at CEX.IO, Bitstamp or even CoinBase. I like CEX.io in particular because different fiat currencies and countries are supported and all Bitcoin purchases instantaneous. The platform is also secure and has never been hacked. Bitstamp is more of a trading platform and its platform is a little bit complicated for beginners while CoinBase services are limited to certain countries.

How to Buy Bitcoin with PayPal

Figure 3: Virwox

While using any other means to purchase Bitcoins is easy, using PayPal may require a little more focus because the process can be a little complex and confusing. However, there is an easy way to purchase Bitcoins using PayPal.

Virwox is the easiest and most convenient way of purchasing Bitcoin using PayPal but Virwox is not a Bitcoin exchange. Simple create an account with them and begin the procedure.

First step is to deposit fiat-either USD or Euros into Virwox account then buy Second Life Lindens (SLL). These SLL tokens are then used to purchase BTC at prevailing spot rates. All purchased Bitcoins will then be withdrawn to a Bitcoin wallet of your choice. Sounds convenient but charges are around 10% and process is hard for beginners.

Alternatively, you can used Xcoins but the ratings are poor and often freeze accounts.

Figure 4: Xcoins

Final Thoughts

Whichever way you decide to use while buying your bitcoins, understanding the underlying technology, the risk involved and trends will definitely give you a better perspective on how to go about your Bitcoin investment.

 


Finding The Best Bitcoin Exchange Site

How to Choose the Right Cryptocurrency Exchange.

I will narrow down to a list of three criteria that should have you covered:

  • Country of location –Important because of the regulatory frameworks in different countries. It is best to rely on established exchanges within your jurisdiction.
  • Method of payment to use –Determining this is for the sake of convenience and saving on transaction fees. It is paramount to check before picking on a certain exchange.
  • Currency to be bought and sold –The entire cryptocurrency industry is dynamic with new coins popping up all the time. It is important to check that the exchange you pick is best tailored for trading your coin.

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