How to Buy Bitcoin and Other Popular Cryptocurrencies

With the prices of Bitcoin (BTC) and other altcoins (alternative cryptocurrencies) surging as cryptos become more mainstream, a new wave of enthused investors is flooding in from traditional markets like Wall Street.

Whether you want to buy .01 bitcoins or 10+ bitcoins, our guide will show you the best sites and bitcoin exchanges for buying bitcoins and altcoins.

Coinbase Review

Having successfully served over 9 million customers in 32 countries, Coinbase is the obvious choice for bitcoin beginners.

Coinbase was founded in 2012 to give users an easy way to purchase, sell, and use cryptocurrency. Unlike most cryptocurrency exchanges, Coinbase directly sells Bitcoin (BTC/XBT), Ethereum (ETH), and Litecoin (LTC) to their users. This means that when you place an order, the fees and guaranteed price are clearly stated at the time of your order.

coinbase buy bitcoin

You can purchase cryptocurrency on Coinbase with bank transfers or credit cards, as well as sell cryptocurrency in exchange for bank transfer or PayPal.

Coinbase also provides cryptocurrency wallets. These wallets can be used to store, send, and receive Bitcoin, Ethereum, and Litecoin. Customer funds are fully insured, although users are responsible for personal account breaches. If you store funds on Coinbase, make sure to enable two-factor authentication (2FA) like Google Authenticator to secure your account.

As a cryptocurrency business that’s based out of San Francisco, Coinbase adheres to a number of laws and regulations:

  •         Registered as a Money Services Business with FinCEN.
  •         Compliant with the Bank Secrecy Act.
  •         Compliant with the USA Patriot Act.
  •         Compliant with state money transmission laws and regulations.

By abiding by these laws and regulations, Coinbase naturally attracts newbies who find comfort in its safety.

Coinbase offers customer support through email and typically responds within 24-48 hours. Click here to sign up for Coinbase and receive $10 in Bitcoin free with your purchase of $100 or more.

Gemini Review

Gemini is another top-rated option. While it may be a tad more complicated than sites like Coinbase, Gemini has done a good job making their exchange user friendly.

gemini buy bitcoin

On Gemini, you can only use bank transfers and wires to trade USD for Bitcoin and Ethereum.

One huge benefit of Gemini is that you can begin trading immediately after depositing. Unlike most of their exchange competitors, you don’t have to wait until your deposit has been processed. However, you cannot withdraw your cryptocurrency until your deposit has cleared.

Gemini was launched in 2015 by the Winklevoss twins, and is located in New York. While it is a relative newcomer, Gemini has quickly built a great reputation because of its low fees and great customer service.

CEX.IO Review

Based out of London, CEX.IO is another site that’s been helping users easily purchase cryptocurrency for years.

When the site launched in 2013, it only offered a Bitcoin exchange. Since then, it’s added Ethereum and created more beginner friendly methods to purchase BTC and ETH.

Like Coinbase, CEX.IO allows you to use both bank transfers and credit cards to make deposits.  They also allow higher credit card deposit limits than Coinbase.  You can receive withdrawals with these methods as well.

cex.io buy bitcoin

 

The downside to CEX.IO’s beginner friendly purchasing methods is their fee. CEX.IO charges 7% fees (plus additional credit card deposit fees), compared to Coinbases 1.5-4% fees.

Despite having high fees, CEX.IO is a great option for those of you in locations not serviced by Coinbase. It’s also one of the few options that allow users to use credit cards for withdrawals.

Coinmama Review

Coinmama has long been a top choice of cryptocurrency investors wanting a fast and easy way to buy Bitcoins.  The company, which was founded in 2013, allows users to purchase Bitcoin and Ethereum using credit and debit cards.

The downside to this Slovanian exchange is their high fees.  Credit card purchases come with a roughly 12% fee.

coinmama buy bitcoin

 

This article was originally posted at CoinCentral.com and is provided on CryptoFizz.com via a partnership agreement.