Top 5 Places to Buy Cryptocurrency

Interested in buying Bitcoin or other cryptocurrency? Here are five places to pick up Bitcoin and Alt coins.

Coinbase

Coinbase is accepted globally as top place to buy, sell, store and trade cryptocurrency of your choice. It's a "one stop shop", you can find wallet, an exchange, and merchant tools all within one simple interface. Headquartered in San Francisco, Coinbase was founded by Brian Armstrong and Fred Ehrsam in 2012. The exchange now operates in 103 different countries around the world. Apart from Bitcoin Coinbase also supports Bitcoin Cash, Ethereum, Ripple and Litecoin. More than 30 million users signed up to Coinbase since its launch in 2012 and has adjusted trading volume of around $350 million. Cash balances at Coinbase are insured up to $250,000  against theft or a breach in online storage. Moreover, Coinbase holds 98 percent of its customer currencies offline to keep them safe from malicious hackers.

Binance 

Second in line is world's largest cryptocurrency exchange by trade volume aka Binance. The name "Binance" is based on a combination of the words binary and finance. Binance Exchange is one of the popular cryptocurrency exchanges that offers trading in more than 150 virtual coins including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Binance Coin (BNB) and its own native BNB tokens. Users can  receive up to 50 percent off on the fee, if the transaction was performed with the Bincance coin (BNB). Founded in 2017 by Changpeng Zhao in China, Binance is currently headquartered in Tokyo (Japan) due to regulatory issues in China. Binance is famous for its fast performance (capacity to process around 1.4 million orders per second.), safety, high user experience and multilingual support. Recent Big hit of Binance was launch of Binance Launchpad, a platform for launching IEOs.  

Coinmama 

If you are looking for easy and fast way to buy and sell cryptocurrency then Coinmama (Israel-based crypto brokerage) is for you. Coinmama has over 1.6 million users across 190 countries since its launch in 2013. The specialty of Coinmama is selling Bitcoins for credit card to nearly anyone in the world. Coinmama doesn't have wallet on its exchange rather it sends coins to your address. This way security of coins is at user end, any sort of security breach at Coinmama exchange wont effect its users holdings. Coinmama is on higher side of market when it comes to fee, they charge 5.90% and for credit/debit card transactions, you have to pay 5% extra for the payment processor charges.

LocalBitcoins.com 

The specialty of LocalBitcoins.com exchange is that everything is peer to peer. When you are trading at this platform you are trading directly with another user. Users, called traders, create advertisements with the price and the payment method they want to offer. You can browse the website for trade advertisements and search for a payment method you prefer. All online trades at LocalBitcoins.com are protected with escrow to prevent any type of scam from happening. When the trade is started, the Bitcoin amount for the trade is taken from the sellers wallet and is held by LocalBitcoins.com for the entire time of the trade. The most exciting feature of LoclBitcoins.com is that registering, buying, and selling Bitcoin is completely free. LocalBitcoins.com users who create advertisements are charged a 1% fee for every completed trade.

Poloniex

Last but not the least, Poloniex exchange is one of the largest and most popular cryptocurrency market platforms in the world as it provides the largest amount of trading in Bitcoins. Founded by Tristan D’Agosta in 2014 and is headquartered in San Francisco . Their offices are located in Delaware in the U.S., which means they operate in a highly regulated nation. There are 60+ cryptocurrencies supported by Poloniex and exchange has daily circular movement of about $989 million. This platform not only allows you to exchange cryptocurrency but also to trade on margin - a feature rarely offered in the cryptocurrency market. Poloniex offers strong security by the use of two-factor authentication, advanced trading features low transaction fees (from 0 to 0.25%).

Each user has unique needs, so there is no one size that fits all for exchanges. Above five listings are based on trading volume, user base and regulatory compliance. 

 

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