Bitcoin was established at the end of the 2010’s and first took the whole world by storm as it surged upwards to $20,000 in value in 2017. The cryptocurrency markets have calmed down a bit since that record high, but again reached to $14,000.00 in 2019. Many Bitcoin diehards still claim Bitcoin to be the currency of the future and I still believe it may very well be the truth.
Shortly after Bitcoin was established came more and more alternative digital coins (alt coins). Now there are about 3,500 and growing at the time of writing this. Every crypto exchange below sells Bitcoin but you will find other coins for sale like Ethereum, Litecoin, XRP, Monero, Cardano, Tron, Bitcoin Cash, Matic and so on…
It wouldn’t be responsible without telling you to look in to these alt coins before you buy, they could be a risky investment…but they may be profitable like we seen in 2017.
Read below to find out the top 5 places on the internet to buy Bitcoin & other cryptocurrencies. Some of these crypto exchanges may not yet take customers from the United States but people have been known for circumventing the location restrictions by using a VPN (virtual private network). Well it may work but it is currently against the rules due to the risk of high leverage trading so please do so at your own risk.
Coinmama is a brokerage service that allows you to buy Bitcoin and other cryptocurrencies easily with your credit card or a SEPA transfer. The company recently started focusing on customer experience and customer service so that transactions are super quick (user verification takes up to one hour).
For beginners, this is an excellent option for buying your first Bitcoin. More advanced users can use alternative trading platforms to save on transaction fees. Click here to learn more.
Coinbase is one of the most well-known cryptocurrency brokerages and for good reason. They support an enormous amount of countries, have low fees and work closely with governments to ensure no action is in violation of laws.
etoro was created in 2006, eToro has become a leading social trading platform for trading major financial markets including stocks, forex and cryptocurrencies. One of the reasons for the platform’s popularity is the effort eToro has made to ensure its platform makes online trading accessible to as many people as possible.
eToro offers both short and long-term options for traders, all accessible through the CopyPortfolios™ service which allows traders to set up a diversified portfolio. eToro also offers trading instruments with a varying degree of associated risk, while the platform is also available on its web interface and mobile app.
In addition, eToro has also created the CopyTrader™ system which, allows individuals to copy the trades of other users, enabling its clients to potentially benefit from the collective experiences of its network of traders. Beginner traders will also receive a series of guidance when taking their first steps into online trading. For example, eToro offers new traders a free practice account enabling them to practice trading online without risking any real money.
eToro is fully regulated and conforms to the guidelines of CySEC, the FCA and ASIC, and has partnered with major financial institutions, such as Russia’s Sberbank and China’s Ping An Group, to promote online trading and financial education in these markets. Click here to learn more.
WCX is a crypto margin trading exchange means that you are trading their range of assets with leverage. Your gains and losses on the exchange are magnified by a certain factor.
Although WCX only takes funding in Bitcoin, they have an extensive range of assets that you can trade on the exchange. These include numerous crypto pairs, forex, equities and commodities. You can see a full list of all the assets that are traded on the exchange here.
Deribit is one of the only places that you can buy cryptocurrency options on the market at the moment. This Exchange has also expanded their product offering to include Bitcoin & Ethereum futures. This is great as it gives traders an alternative to the status quo of Bitcoin futures exchanges. This trading platform is for professional traders only and not recommended for beginners.
However, is Deribit safe and reliable?
Well with any high leverage exchange has it’s risks but I have been using Deribit for 2 years and never once have had any issue. Click here to learn more.