Interested to find the best place to buy Bitcoin?

BestPlacetoBuyBitcoin brings to you all the updated data of most trusted crypto exchanges in the world. The information includes trading volume, transaction fee, payment method, and digital currencies available.

  • Trusted by more than 5 million users

  • Huobi’s trading fees 0.1%-0.4%

  • Daily trading volume more than 2 bln

  • Boasts more than 30 million users

  • Cheapest trading fees 0.1-0.2%

  • Daily trading volume exceeds 10 bln

  • Most trusted crypto exchange

  • Users exceed 10 million

  • Trading rates 0.1-0.42%

  • Daily trading volume 200-400 mln

Details

Binance launched in 2017 with Changpeng Zhao being the founder of the exchange. Over the past three years, the exchange has evolved into one of the quickest way to buy bitcoin. Besides being the most trusted crypto exchange where traders can buy bitcoin at the most competitive rates the exchange also offers users bitcoin wallets where they can keep their coins safe. Most importantly users from anywhere in the world can sign up with Binance and immediately start trading.  According to data from Coinmarketcap, the exchange is one of the leading crypto platforms that see the highest daily trading volume.

The platform offers a complete market view for guiding investors into making sound and profitable investments. Interestingly the exchange offers advanced chart tools that can help investors in strategic planning of their investment portfolio with a wide range of cryptocurrencies to pick from. Only crypto deposits are permitted in the exchange and trading fees are 0.1%-0.2%.

  • Cheapest transaction fees 0.1-0.2%

  • Binance is trusted by over 20 mln users 

  • Enjoys the highest daily trading volume of 10-12 bln

  • The exchange holds more than 320,000 users’ bitcoins

  • Over 180 cryptocurrencies are supported by Binance

  • Permits credit/debit card purchase of cryptocurrency

  • Supports staking rewards for more than 23 coins

  • Maintain SAFU fund which acts as insurance against theft and hacking

  • Fiat currencies not supported

  • A limited number of supported cryptocurrencies

Another quickest way to buy bitcoin is through the Huobi Global crypto exchange. The exchange has been around for over seven years and currently more than five million users trust it. Ex-Oracle Engineer, Leon Li founded the exchange in China before relocating operations following the crackdown on crypto exchanges in 2017 by Chinese authorities.

The exchange has affiliate and subsidiary companies in various countries that include the US and Japan among others with over 1,300 employees. Its native Huobi Token has grown from ICO price of $1.52 to over $4 and in a day the exchange can process 2-5 bln trades.

  • Daily trade volume is 2-5 bln

  • More than 5 million users trust Huobi exchange

  • Huobi holds over 420,000 bitcoins of users

  • Supported in more than 130 countries

  • Support over 235 cryptocurrencies

  • Allows purchase of bitcoin using debit/credit card

  • Credit/debit card deposits charged 8% transaction fee

  • Does not support wire transfer purchase of bitcoin

Another world-leading cryptocurrency exchange is Kraken which was established in 2013. Currently, around 2.2 million users trust Kraken where they can buy, sell, and trade cryptocurrency effortlessly. It offers the quickest way to buy bitcoin vial SEPA, Bank wire, and SWIFT. Most importantly the exchange is available in over 180 countries.

  • Supported in more that=n 180 countries

  • Over 34 different crypto available for trading

  • Daily trading volume 100-300 mln

  • High liquidity

  • High-security protocols

  • Customer support unreliable

  • Trading charges are high 0.1%-0.42%

We receive an affiliate commission when you Bitcoin via our link. We use this money to maintain our team, including developers, marketers, and crypto, to provide you with the most updated information.

 

What is Bitcoin?

Bitcoin is the godfather of the crypto industry and it launched in 2009. Satoshi Nakamoto is lauded as the founder of the revolutionary digital currency but his identity has remained a mystery to date. Bitcoin is a decentralized form of digital currency that doesn’t depend on cryptocurrencies to send and receive money. If you want to find the quickest way to buy bitcoin at good rates you can get check recommended exchanges before.

Interesting Bitcoin Facts

  • Bitcoin is the pioneer of cryptocurrencies

  • Since 2009 to date 21 million bitcoins have been issued

  • For every ten minutes, around 6.25 bitcoins are mined and put into circulation

  • As an open-source code, anyone can download the bitcoin code

  • Bitcoin is decentralized and no central authority reigns control over it

  • Users can transact without needing intermediaries

  • Bitcoin transactions are recorded in on distributed ledger called Blockchain

  • Transactions are verified on computers

You can access more information about bitcoin and cryptocurrencies on What is Bitcoin?, Top places to Buy Bitcoin or Best Site To Buy Bitcoin

Traditional Money System

Sending and receiving fiat currencies like USD or Euro requires intermediaries like banks and payment providers to complete transactions. There is always a central arm that regulates circulation and couches for the fiat currency’s value.

Bitcoin Blockchain

Bitcoin transactions on the other hand are done over a distributed public ledger that is decentralized. Users don’t need intermediaries to confirm transactions as a computer does everything.

 

Associated Risks With Cryptocurrency

Volatile Prices

One major drawback of cryptocurrencies is that the prices are very volatile. Bitcoin price can increase significantly today and tomorrow it plunges which is mainly because the value of cryptos is determined by market activity.

Scams Are Rampant

There is rampant scamming in the crypto industry and hackers target users’ wallets and exchanges to steal crypto. An important tip is to keep private and account access keys safe preferably in an offline device.

Inflated Transaction Fees

Some providers can charge high fees and usually, greenhorn traders will fall victim to some of the conniving providers. Others can indicate that their transaction fees are affordable but then they have other hidden charges. It is important to research before deciding where to buy your bitcoin.

“I formed the Bestplacetobuybitcoin site to help new cryptocurrency investors in finding some of the best and trustworthy cryptocurrency exchanges where they can buy Bitcoin at affordable prices”
CEO
Mardo Soo
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Disclaimer

The information provided by the website is for educational purposes and should therefore not be considered as investment or financial advice by those who use the website. Note that cryptocurrencies have a considerable amount of risk and thus the need to consult with your financial advisor so that you can understand the risks involved. Avoid trading with money that you cannot afford to lose because there are no guaranteed profits. 
About US
The BestPlacetoBuyBitcoin website is strict to be used for research. It was designed as a professional guide through which traders can identify the three best cryptocurrency exchanges through which they can invest in cryptocurrencies. The information provided on the website is based on a strict analysis of the services provided by the exchanges with the highest trading volumes. We evaluate various factors including a comparison of trading volumes, cryptocurrencies listed, trading fees, the payment methods supported, number of users, and the countries where the exchanges are available. Our goal is for our website to be a useful tool through which people can select the ideal cryptocurrency trading platform. We aim to act as a guide that will help traders avoid the many scam platforms out there, and instead focus on helping them find a legitimate service that will align with their interests. We are proud to be a part of the blockchain and cryptocurrency movement and we select the best platforms that are suited especially for beginners in the crypto space.
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