Are you taking your very first step in the world of Bitcoins? Here’s a quick guide for you so that you don’t get confused while looking at the various options for buying Bitcoins.
You are wondering what makes buying Bitcoins a challenging affair?
Here are the three major elements that generally worry about a new buyer.
- Geographical limitations
- High exchange rates
- The small weekly limits
Well, now that you are aware of the basics, let’s take a look at the best ways to buy Bitcoins!
LocaBitcoins can be considered to be quite a reputed & popular platform for buying your BTC. This peer-to-peer service lets anyone who wishes to buy BTC connect with those who want to sell them. The reason why so many people are opting for this one is that here you can buy the BTC in your local currency & also arrange any amount of cash payment. The only con here is that their exchange rate can be quite lower than the market average.
Most people go for this option due to the convenience and the easy accessibility of online services accepting credit cards for BTC. But the most trusted platform is undoubtedly Coinbase. Here BTC can even be bought through a bank account. Not just this, you will also be offered a digital wallet to store the currency safely.
Even the most renowned platforms have some cons, and so does Coinbase. Some of them are geographical limitations, tracking the movement of your BTC, the weekly limit is only 150 USD/ EUR, and also there’s a 5-day limit to complete the purchase.
Even though this one isn’t much convenient, many prefer paying through Paypal instead of the other available alternatives. You won’t find too many platforms accepting Paypal, but one of the most famous names in the industry that do accept Paypal payment is Virmox, but their interface isn’t very user-friendly, and the fee is quite high too.
Bitcoin ATMs are quite similar to the traditional ones, and only, they don’t give out cash. Instead of cash, the BTC will get transferred to your wallet address. Though this one is pretty convenient to use, you won’t find bitcoin ATMs all over the country, the rate is also lower than the market average, and the transaction limits are also pretty small.
The most popular and commonly followed process of buying bitcoins is through the exchanges. No matter how many online platforms come up, exchanges will never get old! More and more people are lining up to buy BTC from exchanges due to the high level of safety and convenience offered by them. Bitstump, Poloniex, KuCoin, GDAX, Binance, Bitfinex, and many more cryptocurrency exchanges are available online for buying BTC. The only problem with these platforms is that here, you won’t be able to use fiat currency to buy BTC, so it is definitely not the place for the beginners.
The only exception to all the platforms mentioned above is Pointpay. These guys have done in-depth research of the industry and made sure that none of the cons of all these existing platforms are present in theirs. So if you are buying bitcoins for the first time, then this all-in-one platform can be the ideal choice for you.
Here’s what you can expect from us
- You can get access to Pointpay from any part of the world
- Get the best BTC rate with us
- Lowest trading fees
- Fiat deposit is allowed
- Highly user-friendly interface
- 24x7 customer support
Pointpay crypto exchange differs significantly from any other alternative available in the market. Let’s take a look at what we have in store for our users!
- Withdrawing funds in fiat
- A trollbox chat meant for traders
- Impressive referral system
Along with numerous other services, you can also get
- Fund deposits in fiat currency
- 24x7 customer support
So you see, with Pointpay there is simply no way you will ever regret your choice!