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Top 5 Platforms From Where You Can Buy Bitcoins: By Crypto Experts

Does the bullish movement of Bitcoin have to intrigue your interest? If so, this might be the right time to enter the Crypto trading market.

Being new to the Crypto trading market can be really challenging. Crypto trading is nothing like the traditional trading market.

And, what’s worse?

As the popularity of Cryptocurrency is rising, governments are rushing to regulate Crypto exchange prices.

To comply with Know Your Customers and Anti-money laundering, major Crypto firms require your ID proof and personal details. This is to ensure the authenticity of the users.

Not to mention, the KYC process can be such a pain in the ass. For the new Cryptocurrency traders who have no idea how the whole market works, completing their KYC can take weeks, if not months. By the time your account is approved, you have already missed the low bottom of Bitcoin. 

Fortunately, there are platforms that allow you to invest in Cryptocurrency almost instantly without giving any unnecessary personal information.

Best Places To Buy Bitcoin Today

For people who are interested in investing their capital in Bitcoin or other Cryptocurrencies, selecting the right platform is a challenging task. The market is filled with hundreds and thousands of platforms that claim to offer the best services with the minimum interest rate. This makes the selection process utter chaos.

However, do not worry!

Today, we are here with some of the best platforms to trade Bitcoins. The platforms we have listed below are tried and trusted platforms by our teams and can attest to their authenticity.

So without making you wait any further, let’s get on with the list of the best platforms to invest in Bitcoin.

1. Coinmama

Coinmama, unlike exchanges, sells its Cryptos to investors. What’s more, you can pay using debit/credit, wire transfer, bank transfer, and Apple pay.

Coinmama is also known for its impeccable security with its private e-wallet. This leaves your money less vulnerable to any cyber attack.

Pros

  • Excellent customer service.
  • Bitcoin sold directly.
  • Easy to navigate website.

Cons

  • High fees.
  • Lack of mobile applications.

2. Coinbase

This Crypto trading platform mostly caters to an inexperienced audience. So, this is perfect if you are new to the industry and want a platform that helps you with every step.

Although it offers a vast array of services, its trading charges are on the expensive side. The only reason why people use Coinbase, even after being one of the most expensive trading platforms, is because of its insured feature.

Pros

  • Simple UI interphase.
  • Long list of Altcoins.
  • Insured. 

Cons

  • Custodial wallet.
  • Fewer payment options.

3. Binance

Binance is one of the best overall Cryptocurrency trade platforms. It was launched in China in 2017. Since then, it has become one of the primary choices for investors and traders.

Binance allows you to buy, sell and trade Cryptocurrency with a trading fee of only 0.1%. Even if you do not trade in Cryptocurrency, you can still make money out of it via interest rate.

Pros

  • 50+ Cryptocurrencies to trade.
  • Low fees.
  • Excellent security.

Cons

  • Poor Customer service.

4. News Spy

News Spy is one of the recent additions to the list of Crypto trading platforms. Despite being new to the market, it has gained quite a fame for itself. All the thanks go to its news network.

No matter what is happening in the Crypto trade market, news spy is the place you will find them all. News Spy takes pride in being the first platform to share all the recent happenings of the market with the people.

Pros

  • Simple UI for beginners.
  • Easy access to the Crypto trade market.
  • Single click purchase.

Cons

  • New to the market.
  • Custodial wallet.

5. eToro

eToro was established in 2007 as a brokerage platform. Today, it has more than 13 million users in over 140 countries. It has its headquarters in London. The exchange offers six Crypto coins: Bitcoin, Bitcoin Cash, XRP, Ethereum, Litecoin, and XLM.

On the eToro platform, you get a $50 bonus with $1000 worth of Crypto exchange. It charges a trading fee between 0.75% to 2.90%, depending on the amount of transaction.

Pros

  • Easy to navigate user interface.
  • Easy for US Crypto investors to sign up.
  • Multi-coin traded platform.

Cons

  • Poor Customer Services.
  • One-Account-based Currency.

Conclusion

All the platforms mentioned above hold a good reputation in the market and cater their services to thousands of customers. No matter which platform you decide to use for your Bitcoin trading, we are certain you will have a good trading experience.

Photo by Alesia Kozik from Pexels

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