Where to Buy Cryptocurrency

If you want to buy bitcoin, there are several places you can do so. These include exchanges, ATMs and peer-to-peer trading platforms.

When deciding where to buy Bitcoin, consider the following factors: security, user interface, customer service and fees. These factors can make or break your experience as a crypto investor.

1. Cryptocurrency exchange Coinbase

If you’re looking for a secure place to buy bitcoin, Coinbase is one of the best options. It’s easy to use and offers fast withdrawals.

The exchange also has a strong track record of security. Its platform is backed by bank-standard encryption and two-factor authentication, which protects against hacking.

In addition, it halts suspicious accounts and stores cash in cold storage to protect customer assets. Its fees aren’t as low as other options, but they’re a decent price for the convenience.

To get started, sign up for an account. You’ll need to provide your legal name, address, date of birth and Social Security number. The verification process should take a few minutes.

2. Cryptocurrency exchange LocalBitcoins

LocalBitcoins is an online exchange that enables peer-to-peer Bitcoin trading. It also aims to promote global financial inclusion and connect people to the internet economy.

It supports a variety of payment methods, including cash, PayPal, Western Union, bank transfer and credit cards. While its flexibility is a boon for many users, it can attract scammers, so you should do your due diligence before buying Bitcoin here.

The platform has an escrow service that holds your money until you’re satisfied with the trade, and has a reputation system and public history records for its users. It also has a feedback system, which lets buyers and sellers review each other’s profiles.

3. Cryptocurrency exchange eToro

eToro is an online investing platform that offers a wide range of investments, including crypto assets. It also includes social features and innovative services like its CopyTrader tool, which allows users to copy the trades of other investors.

Using eToro for trading cryptocurrencies is straightforward. Traders can choose to place market or limit orders, or execute an immediate trade. The broker offers around 75 cryptocurrencies, although it is limited to the top 20 by market cap.

Users can deposit funds via credit or debit cards, PayPal, Skrill and Neteller. There is a $10 minimum deposit for U.S. residents and processing times may take four to seven days for wire transfers. eToro holds user funds in cold storage to reduce the risk of theft.

4. Cryptocurrency exchange BitBuy

BitBuy is one of the most popular and trusted crypto exchanges in Canada. It is regulated by the OSC and offers a wide range of trading options for both beginners and experienced investors.

It is also a registered Money Services Business with FINTRAC, which makes it a safe place to store your funds. Its cold wallet storage policy ensures that over 95% of your assets are stored offline, keeping them secure against hackers and other threats.

The platform is easy to use and offers a range of features to help you trade cryptocurrencies quickly and safely. It also has an extensive support section that includes guides, tutorials and informative articles on cryptocurrencies.

5. Cryptocurrency exchange Bybit

Founded in 2012, Bybit is one of the world’s most popular crypto exchanges. It offers a range of trading options, including spot trading and margin accounts.

The exchange features top tier liquidity and an advanced suite of order types for traders to take advantage of every situation. It also allows users to trade with up to 10x leverage by receiving funding from the peer to peer margin funding market.

Bybit is a great place for anyone looking to buy bitcoin futures, but it’s important to note that you must have your account verified before withdrawing any of your funds. It’s also worth mentioning that Bybit https://www.bybit.com/en-US/  was hacked in 2016.