The price of Bitcoin, the king of the cryptocurrency jungle, has fallen and risen in equal measures within its 13 years of existence. Bitcoin entered the crypto industry priced at $0 in 2009, and its value shot up to $963.74 in 2016. Six years later, in November 2022, Bitcoin’s price stands at $16,632.70. If you’ve surveyed Bitcoin price changes in the last few years and believe it’s a worthwhile investment, you’re not alone. However, it’s only wise to buy from trusted crypto exchanges.
What Are the Best Exchanges to Buy Bitcoin?
Security when buying Bitcoin should be every investor’s most significant concern—your online activities are always the target of scammers. Also, hackers are always trying to attack exchanges. You do not want to be one of the victims. Buy Bitcoin online today with peace of mind by visiting these top-rated exchanges.
The famous P2P market, LocalBitcoins, synchronizes safety and anonymity, enabling investors to purchase and exchange fiat money with Bitcoin securely. The website connects fiat money sellers with crypto buyers while facilitating fast transactions. Bitcoins are secured in an escrow account, and the system automatically sends crypto to your account once the seller confirms the payment receipt.
Cash deposits and face-to-face transactions are also common, but the risks aren’t worth it. LocalBitcoins doesn’t have limits on the amounts you can transact within a day. You’re trading with real humans and can make payments via multiple online methods. It’s important to note that LocalBitcoins is only available in 10 US states and a limited number of countries worldwide. To buy Bitcoin in LocalBitcoins-censored states and countries, you need the right anonymous proxy services.
Paxful entered the field in 2015 and captured the hearts of many crypto investors. The peer-to-peer exchange secures and facilitates crypto exchanges while safeguarding investors’ data from scammers and hackers. Deposit via prepaid vouchers or cash to keep your activities private.
Paxful doesn’t require time-consuming verifications, regardless of the amounts you transact. It offers 24/7 quality support alongside showing the seller’s status for verification purposes. You can also buy Bitcoin on this website using debit and credit cards.
Bitcoin ATMs work similarly to regular ATMs but cater to crypto buyers. The ATMs connect to crypto exchanges and wallets, but that doesn’t mean your information is exposed to third parties. Some ATMs require users to register accounts and share personal data, which is one of the reasons you must be careful when choosing this route.
Verification requirements and limits depend on the ATM and the amount you’re transacting. The current Bitcoin acceptable rate is high, with approximately 18,000 machines spread across 73 countries worldwide. The greatest drawback of Bitcoin ATMs is their high charges, where you pay almost double what you would with online exchanges.
For a secure Bitcoin investment, you can also try Coinbase. Coinbase is currently one of America’s largest and most used Bitcoin platforms. It has standout features such as BTC exchanges, digital wallets, and a user-friendly interface. Aside from Bitcoin, Coinbase supports buying and selling Ethereum, Bitcoin Cash, and Litecoin. When registering a Coinbase account, you must connect it to your bank account. Once you have an account with Coinbase, you can transact at charges of 1.49% from and to your bank account and online wallet.
Coinbase is secure and efficient, and you can make transactions via its web or mobile app. The platform has two-factor authentication and data backup, so you have an added layer of security protecting you from losing your account or money to unauthorized parties. Coinbase caters to the needs of crypto buyers, sellers, and investors. Forbes rates Coinbase among the most user-friendly crypto exchanges in the market today. It has a low account minimum and affordable transfer rates. However, some investors complain about its difficult-to-understand fee structure.
Bitcoin is one of the most profitable crypto items you can add to your investment portfolio. You need a secure and stable platform to actualize your dreams of buying and selling Bitcoin at a profit. Compare the platforms above, ensuring you check the charges, transaction limits, and reliability before making a choice. If cryptocurrency is the future, you should be a player in the field. Don’t miss out.
Review 4 Great Places to Buy Bitcoin.