To buy bitcoins, you have to exchange your assets. The assets used in exchange for bitcoin can be cash, gold, or any other tangible form of income or other digital currencies. This chain of exchanging things in place of Bitcoins begins with the give and take rule. You give something that is equivalent to Bitcoin and then gets Bitcoin in your wallet. Both Bitcoin seller and buyer need a cost-effective and secure exchange that is quick to set up and admits different funding sources.
In 2021 some of the places are identified that are suitable for the cryptocurrency exchange. These are Coinbase, eToro, Robinhood, CoinMama, BlockFi, and Bisq. But there are certain limitations associated with these exchange providers. You have to examine and decide the place which suits your requirements.
Coinbase is a platform for exchanging more than 50 currencies. When you are a beginner and don’t know much about Bitcoin, always start with Coinbase exchange. It demands a reasonable fee from beginners. This type of exchange is most secure and verified by 56 million users. It helps you to track the records efficiently. You can store your data offline. San Francisco laid the foundation of this system. Fees for buying the coins vary according to client needs.
For debit cards, the payment method is expensive. So people might look at other places for their cryptocurrency exchange.
One of the platforms from where you can buy your Bitcoin is eToro. eToro allows their clients to check their services for free. Testing will not use virtual money. They use your virtual money only if you are willing to use their services after a free trial. This simple platform is easy to understand and use. This platform utilizes a copy trader system. eToro deals with 18 currencies.
Another platform used for Bitcoin exchange is Robinhood. Though this platform deals with a limited number of currencies, it is an easy-to-use platform. Bitcoin users can buy or sell a commission-free cryptocurrency. That means you don’t need to pay any amount to this platform to buy your Bitcoin. This platform can be used as a side account as well for your Bitcoin.
CoinMama platform enables quick exchange of Bitcoin. Clients can buy Bitcoins with just a few clicks. You must have a wallet if you want immediate delivery of coins. After successful verification of the account clients creates for buying Bitcoins, they place the order. CoinMama verifies the fees by debit cards or credit cards and sends Bitcoins to the client’s account within seconds. Instant delivery of coins is costly. It deals with limited currency exchange but offers you a variety of payment options.
also, read – how much is one bitcoin’s worth?
