Bitcoin (BTC) is a cryptocurrency, created by a person (or group) under the pseudonym Satoshi Nakamoto in 2009. BTC is the first and currently the largest cryptocurrency in the world.
In this article we’ll look through six best places for buying this cryptocurrency.
On Robinhood app you can buy and sell Bitcoin and other cryptocurrencies completely fee-free on this platform. Since February 2018, Robinhood supports Bitcoin and Ethereum trades and market data for another 16 cryptocurrencies.
Currently Robinhood works in in the following states: Arizona, California, Colorado, Florida,Indiana, Massachusetts, Michigan, Mississippi, Missouri, Montana, Pennsylvania, Texas, Utah, Virginia, New Mexico, Wisconsin.
Binance supports a wide range of digital currencies including Bitcoin, Ethereum and its own Binance Coin (BNB). Binance charges very low fees at just .1 percent for trades. If you want to go far beyond the most popular coins, Binance is your best option.
Coinbase Pro (formerly known as GDAX) is a serious trading platform. It charges fees ranging from 0.10 percent to 0.30 percent based on your trading volume. Most people trade less than $10 million per month and will fall into the 0.30 percent tier. If you want to try Coinbase but with much higher volume, this platform is the way to go.
CoinExchange is another low-cost exchange with most fees pegged at 0.15% to turn Bitcoin into other coins. CoinExchange offers a huge number of coins on its platform, perhaps the biggest lists of coins supported by any platform on this list.
The biggest downsides of CoinExchange are a lack of mobile apps, lower trading volume than some other platforms and vague security policies.
Coinmama is an all-in-one exchange and digital wallet that makes it easy to buy Bitcoin and a limited list of additional currencies in U.S. Dollars or Euros. The site claims more than one million customers in 188 countries.
While the exchange offers great real-time transactions, it does charge higher fees than some others on this list at 5.9%. You’ll pay an additional 5% buying with a credit or debit card.
Coinmama is a registered money business in the United States, giving it additional legitimacy and recognition above some competitors.
Coinbase is the biggest and most respected Bitcoin platform in the United States. It offers both an exchange and wallet in one, making it one of the easiest places to start with Bitcoin. Coinbase also 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. Coinbase charges a variable percentage fee of 1% for USA transactions from a bank account or Coinbase USD wallet. Purchases with a credit or debit card add on a 2.49% fixed fee.