So you wanna buy bitcoin? Here are top five places for buying Bitcoin.
For a long time, you have thought about whether buying cryptocurrency is something you should start doing. You managed to make a decision, firmly deciding which cryptocurrency you will buy, but now a new question arises – how to buy crypto. It’s perfectly fine to be indecisive and unsure about your crypto purchase. But let’s say you’ve decided to buy Bitcoin. One dilemma is solved, and you know what you want to buy. But, how to buy Bitcoin? Where to buy Bitcoin? There are so many possible places where you can do it, and it’s okay if you’re not completely sure. If you are a beginner in the crypto world, don’t worry, these dilemmas will diminish over time. And in order to start eliminating this huge number of questions, in this text we will share information with you that will explain how to buy Bitcoin in the best possible way.
You can buy Bitcoin at some of the best crypto exchanges such as:
- eToro
- Bitstamp
- Huobi
- Coinbase
- Coinjar
How to buy Bitcoin on eToro
Most people when they think of the ideal way to buy cryptocurrencies, in this case, buying Bitcoin, have a couple of important things in mind. People generally want the purchase to be safe, the purchase process to be simple, and the fees to be low. Is it possible to combine all these three things or are they just wishes? We are happy to inform you that you can buy Bitcoin with the presence of all these three conditions and that on one of the most famous and certainly the most secure crypto exchange, the eToro. The eToro will be especially interesting to those who are complete beginners and have no previous experience in trading cryptocurrencies because eToro is extremely easy to use and navigate.
So, how can you buy Bitcoin on eToro? So, how can you buy Bitcoin on eToro? Very simple, you can do it in a few steps. If you are a new user, first of all, you should open an eToro account and register. After that, you need to verify your account and deposit some funds. When you have certain funds in your account, you can start the process of buying this cryptocurrency. And don’t get confused if you see that the price of one Bitcoin is, for example, $10,000. You are not forced to buy the whole Bitcoin, but for example, you can decide to buy a part of it. So, for example, you can buy 0.1 Bitcoin and pay $1000 for it.
Keep in mind that besides Bitcoin, you can buy many other cryptocurrencies on eToro. So, eToro offers you the opportunity to buy Ethereum, Dogecoin, or any other of over 70 available cryptocurrencies.
If you are using eToro for the first time, the minimum deposit you need to make is $10 and you can pay that amount via debit or a credit card or if you prefer, via Paypal.
How to buy Bitcoin on Bitstamp
Another place where you can buy Bitcoin is Bitstamp, another safe and secure crypto exchange. Bitstamp offers, besides Bitcoin, 50 different cryptocurrencies that you can purchase. The great thing about Bitstamp is that the transaction fees are extremely low, and there are no additional hidden costs. Transaction fees are only 0.5% per trade, which is why Bitstamp is seen as a good place to buy Bitcoin and other cryptocurrencies. All of you who would like to purchase Bitcoin without depositing, you can do that by using your credit/debit card. But, keep in your mind that buying Bitcoin that way will cost you 5% per position. Bitstamp does not require a minimum deposit, and the fee for each withdrawal is just £2 per transaction. So, for all of you, no matter if you are experienced in crypto purchases or just starting this adventure, Bitstamp can be an excellent starting point.
How to buy Bitcoin on Huobi
You also have the opportunity to buy Bitcoin on Huobi, which is actually one of the most visited places for buying cryptocurrencies, as it gathers more than ten million registered users. What attracts so many users is certainly the very low fee, which amounts to a symbolic 0.2%. And here we are talking about the maker and the taker fee, which is, you will agree, a really great thing. In addition to Bitcoin, on Huobi you can find around 350 other cryptocurrencies that you can invest in. But back to Bitcoin. You can buy Bitcoin on Huobi with your credit or debit card through Huobi’s so-called ‘Quick Buy’ option. But, if you opt for using the ‘Quick Buy’ feature, in that case, you will be charged some higher fees. Huobi allows you to buy Bitcoin through the platform, or if you prefer, through the app. All in all, it is a pretty simple process, but, if you still have some additional doubts, know that you can use the customer support that is available non-stop. As one of its most important features, this platform emphasizes precisely that they are constantly there for their users, whenever and whatever kind of help they need. So, if you have any questions, doubts, problems, etc., do not hesitate to contact us for help.
How to buy Bitcoin on Coinbase
Another easy way to buy Bitcoin, and other available cryptocurrencies, is certainly using the Coinbase platform. Navigating this platform is really very easy and simple, and you can complete the entire process of buying Bitcoin in just fifteen minutes. Coinbase is a safe and proven platform, however, unlike the platforms we talked about previously, Coinbase charges slightly higher fees to its users. So, for example, if you decide to buy Bitcoin on Coinbase using your credit or debit card, keep in mind that you will be charged a fee of 3.99% for that purchase, which, let’s agree, is not the most ideal option. Although it is a reliable and secure platform, Coinbase is not everyone’s first choice precisely because of those fees. The minimum deposit required from the user is £50 (if you have a UK bank account), and the minimum Bitcoin investment is £2, which is completely correct.Coinbase has, we have to admit, higher fees than some other platforms, but, Coinbase has a lot to offer you in return. You can get a huge range of different cryptocurrencies, great and easy-to-use crypto wallet app, and helpful customer support that will try to answer all of your questions. And there is one more great thing that Coinbase has to offer-no inactivity fees. So, all in all, Coinbase is not a bad choice for buying Bitcoin, so feel free to try it out.
How to buy Bitcoin on Coinjar
One of the great ways to buy Bitcoin, especially if you are a beginner and if you do not have huge investments planned, but would rather invest a smaller amount, is certainly Coinjar. Coinjar offers its users the opportunity to buy Bitcoin with a minimum investment of just £5. This is exactly why there are a large number of people who decide to buy Bitcoin directly through Coinjar. Even though the minimum purchase price for Bitcoin is £5, there are still certain fees that Coinjar requires from users. So for example, if you choose to purchase Bitcoin directly via your credit or a debit card, expect to be charged a fee of 2%. But there is a better and far more profitable option here – if you decide to make your Bitcoin purchase via UK Faster Payments, you will not be charged a fee! But, after the funds arrive and you purchase Bitcoin, you will be requested to pay a trading commission of 1%.
Conclusion
As you can conclude from all of the above, buying Bitcoin is not a complicated matter at all. So, it doesn’t matter if you are a beginner and encountering cryptocurrencies for the first time, or if you already have experience in crypto purchases, this process is really not difficult at all, nor does it take much of your time. You can see for yourself, you have a lot of options available for buying Bitcoin, and if you decide on one of these five that we talked about today, you will definitely not go wrong. Which of these five options you choose, now depends only on you and your preferences. Is it a priority for you to make the purchase quickly and without much delay, do you emphasize security, or do you see low fees as the most important thing? These criteria will be crucial for your decision on where and how to buy Bitcoin. Each of the mentioned platforms offers some of these things, but if a combination of all three factors is important to you, i.e. simplicity, security, and low fees, perhaps the best decision would be to buy your Bitcoin through the eToro platform. All in all, the process is very simple and you are free to embark on a crypto adventure and start earning that way.
