May 19, 2024

Best Exchange to Buy Bitcoin

If you’re looking to buy bitcoin, there are many ways to do it. These include buying it directly from a seller, using an exchange or even earning it through a crypto faucet.

When choosing an exchange, you should consider security, fees and user experience. You’ll also want to find a platform that offers a variety of payment methods.

1. Crypto exchange Coinbase

Coinbase is a popular exchange that allows you to buy bitcoin with a credit card, debit card or even your bank account. The site is easy to use and offers a wide variety of cryptocurrencies, including the top coins by market cap.

The company stores 98% of customer assets offline using cold storage, which protects your crypto from hacks and theft. It also has insurance for your coins.

However, Coinbase charges above-average fees, which are hard to understand. The company discloses its fees before completing a transaction, but it’s not easy to know how much you’ll be charged.

Fees varies depending on the payment method, cryptocurrency type, transaction size and platform. To buy $200 of bitcoin on Coinbase via ACH, you’ll pay about 1.5% (a spread fee + a Coinbase fee).

2. Crypto exchange Bitstamp

Bitstamp is one of the simplest exchanges to use, making it easy for even beginners to buy and sell crypto. The platform also offers a number of useful features, including stop and limit orders.

Before you can buy bitcoin on Bitstamp, you need to verify your identity and address. To do this, you need a government ID such as a passport or driver’s license and proof of residence, such as a utility bill.

The process is free and takes two to three working days. After your verification is complete, you can start buying and selling bitcoins. You can do so using a credit card or an ACH transfer.

3. Crypto exchange Bybit

Bybit is one of the most popular exchanges for trading crypto coins. The exchange is known for its low transaction fees and high liquidity, which makes it an excellent place to buy and sell cryptocurrencies.

However, before you can buy cryptocurrencies on Bybit, you need to verify your account. This means you need to submit a variety of personal details for KYC (Know Your Customer) purposes.

Once you’ve done that, you can buy bitcoin on Bybit  using either your credit or debit card. If you’re not sure which one to use, we recommend you check out our buying guide for more information!

4. Crypto exchange Bittrex

Bittrex is one of the world’s most popular cryptocurrency exchanges. It’s based in Seattle, USA and was founded in 2014 by engineers Bill Shihara, Richie Lai, and Rami Kawach.

Bittrex offers a wide range of cryptocurrencies and stablecoins. It also has a custom-built trading engine designed for executing trades quickly, even under heavy demand.

The exchange’s fees are lower than some competitors, especially for debit card transactions. However, they’re not the lowest available on the market.

Bittrex uses a maker/taker model to determine trading fees. These are based on a user’s 30-day trade volume.

5. ChangeNOW

ChangeNOW is a non-custodial service that offers simple registration-free cryptocurrency swaps. Its streamlined user interface and low fees make it one of the best exchanges for swapping currencies on the go.

The exchange is easy to use and offers a range of useful features, including a handy mobile app and the ability to buy crypto with your bank card. It also features an automated risk-prevention system that can detect suspicious transactions and put them on hold.

The exchange charges no transaction fee and supports two rates – classic and fixed – which allow you to choose the best rate in the market. Additionally, ChangeNOW does not require a signup and verification process, which is ideal for users who value privacy and security.