If you want to buy bitcoin, there are a few options. There are exchanges, brokers and trading platforms.
Each of these types has its own set of fees and limits. The fee structure should be clearly stated and factored into your decision-making process.
Crypto exchange Coinbase
Coinbase is a crypto exchange that lets you buy and sell bitcoin (BTC). It’s easy to use and allows you to connect your bank account and make purchases using funds in your account or through an attached debit card.
It also offers a wide range of features for investors, including charting tools and real-time order books. However, trading fees can be high.
The fees vary depending on the payment method and size of the transaction. ACH transfers are free, but bank accounts and USD Wallets add a 1.49% fee.
Other methods, like credit and debit cards, add a 3.99% fee. Moreover, wire transfers rack up an extra $10 incoming and $25 outgoing.
In addition, the exchange is known for securing user funds through two-factor authentication and biometric fingerprints. It also stores 98% of customer funds offline in cold storage. This is a step toward securing users’ assets against theft, hacking and even unauthorized access to their personal accounts.
Crypto exchange eToro
If you’re looking for a safe, easy-to-use platform where to buy bitcoin, eToro is a great option. Its simple trading interface makes it easy for newcomers to get started with crypto, and its social community offers a wealth of resources for those who want to learn more.
Users can buy or sell cryptocurrencies through eToro’s easy-to-navigate trading interface, which displays all trading options in an organized manner. Once you’ve input your order, eToro will execute it at the prevailing market price.
eToro charges a 1% fee to buy or sell cryptocurrencies, plus a variable spread (a difference between the offer and the asking prices). While these fees are higher than those on other crypto platforms, they’re still lower than those on many other U.S.-based brokers.
eToro also offers a range of benefits for its eToro Club members, including a dedicated account manager, quarterly analyst newsletters, streaming webinars, priority customer service and more. However, users shouldn’t expect the same level of service that they can receive with a full-service broker.
Crypto exchange BitBuy
BitBuy is a Canadian cryptocurrency exchange founded in Toronto in 2016. It has an easy-to-use interface and supports 17 cryptocurrencies.
The company is registered as a Money Service Business with FINTRAC and a member of the anti-money laundering group TRUST. It also offers a wide range of support services, including a comprehensive FAQ section and a well-resourced ticket system.
Verification is quick and easy, using an automated verification system that adheres to Canadian KYC regulations. In addition, you can upload documents like a utility bill or government ID to verify your identity.
Trading fees are competitive, with a 0.20% flat fee for buying and selling orders. Users can earn discounts on the maker and taker fees by registering for Pro Trade.
Cryptocurrency holders can also stake their coins on Bitbuy, which can be a lucrative way to earn passive income. However, it is a good idea to read the terms and conditions before staking your assets.
Crypto exchange Bybit
Bybit is one of the world’s largest cryptocurrency exchanges, offering trading services across more than 600 different cryptocurrencies. It has a huge user base and is widely available around the globe.
There are many ways to buy cryptocurrencies on Bybit, including credit card and bank transfers. However, it can take up to three days for bank transfers to complete.
Additionally, the website offers a “buy now” feature, which allows users to instantly purchase BTC using their debit cards. These transactions come with a 0.5 percent fee, but are faster than bank transfers.
To trade on Bybit, users must register for an account. This can be done by using a valid email address and password.
Once you’re a member, you can deposit up to 50 different currencies. These include Euro (EUR), Australian dollar (AUD), Brazilian reais (BRL), British pound (GBP), Turkish lira (TRY) and more.
Withdrawals on Bybit https://www.bybit.com/en-US/ are also available in up to 50 currencies. VIP level 0 members can withdraw up to 8,000,000 BUSD within 24 hours, while VIP level 9 users can withdraw up to 96,000,000 BUSD.