Have no idea whatsoever on where to buy bitcoin? Aside from buying bitcoins, do you have any idea on where to sell and trade them? Then this is your ultimate guide to do so.
Where to buy bitcoin or sell them
Now that you are familiar with what bitcoin is. Enlisted below are the legit platforms to buy bitcoin, sell, receive, accept, and convert it to your preferred currency. There are even some bitcoin platforms that give perks and provide your very own debit card when you register. Find out which is which here!
Coinbase is based in USA, it is tagged as the most popular digital wallet which works on Google Android and iPhone aside from the web browser. This platform is also one of the simplest ways to buy and sell digital currencies such as bitcoin (BTC), litecoin, and ethereum. It accepts online payments anywhere in the world with very low transaction fees. Plus, you will get a $5 bonus when you sign up!
To get started, sign up and create a digital wallet where you can securely store your bitcoins. Next, connect it to your bank account, credit or debit card which enables you to exchange cryptocurrency into and from any local currency. Finally, you can buy bitcoin, litecoin, and ethereum, sell, receive/accept and begin using them. To have an organize way to buy bitcoin, Coinbase enables users to schedule their way of buying BTCs weekly and monthly.
To keep you more secured, the cryptocurrencies stored in Coinbase is covered by their insurance policy. You also have the full control of your private keys with a multi – signature vault
As of now, Coinbase has already exchanged $20.0 billion digital currency, supports 32 countries, and has already served10.9 million customers.
BitQuick.co is based in Saint Louis, Dallas. This site claims to be the quickest and safest platform to buy bitcoin (and other cryptocurrencies) plus, it is mobile friendly. The site staff responds immediately to potential issues such as scam attempts and errors that some users miss when dealing directly with a counter – party.
The site’s current bitcoin average is $4, 803. 15 BTC and its lowest offer to date is $4, 754. 15 BTC.
To buy bitcoin via BitQuick, choose an order from the current Order Book, then enter your email address and submit. Pay the sum in physical bills to the account shown on the confirmation page by heading to the local branch of the sellers bank and fill out a deposit slip. Then lastly, upload the receipt to the link provided in your email. The bitcoins are sent within 3 hours after the funds are confirmed by the seller. Plus, you can save 20% at any Starbucks branch worldwide when you convert your cash into bitcoin in BitQuick.
BitQuick’s business hours is at 8:00 AM to 10:00 PM EST on Monday to Friday and 9:00 AM to 8:00 PM EST during weekends.
As of now, BitQuick has already sold 55, 143. 33 and served 67, 575 customers worldwide!
Xapo is based in Hong Kong, have a physical office in Palo Alto and California, plus it operates worldwide! The site boast its bitcoin cold – storage vault feature. It is a bitcoin wallet and cold – storage vault combined!
As of now, Xapo has successfully raised $40 million Greylock partners, Benchmark, Index Ventures, Fortress Investment Group, Ribbit Capital, Emergent Capital Partners, Pantera, Digital Currency Group, AME Cloud Ventures, and many others.
What sets Xapo apart from the bitcoin platforms mentioned here is that they provide a debit card to bitcoin users. The Xapo debit card without a glitch links to your Xapo wallet which enables users to manage bitcoins for everyday purchases. Not only that, users can also withdraw cash straight from ATMs across the globe. This gives bitcoin users the freedom to manage their funds via the Xapo mobile app (available on App store and Play store) whenever and wherever they want to. All it takes is clicking buttons, sending an email, and a swipe of their debit card.
The Xapo debit card only costs $20! To get yours, all you have to do is fund your Xapo wallet. The debit card can be used for online shopping plus the card is accepted worldwide (any VISA merchants). This bitcoin wallet/card also notifies the user for each purchase so that they can track their spending.
Localbitcoins is based in Finland, it is a person – to – person trading platform. It is a digital wallet where users can pay their bitcoin purchases directly. This site matches bitcoin buyers, sellers, and traders and in – person locally and across the globe.
With that being said, Localbitcoins users from across the globe can exchange their local currency to bitcoin online. It enables users to post advertisements which include the exchange rate, payment methods (supports a wide range of payment method worldwide) to buy bitcoins and sell them in the future.
To transact, respond to the advertisement and meet the user to buy bitcoin with cash, or trade directly via online banking. For every transaction made, Localbitcoins provide escrow (transaction service) to protect the bitcoin buyer.
As of now, Localbitcoins has already traded BTCs 248 countries and 15, 335 cities.
CoinCorner is based in UK. It is a bitcoin mobile wallet app (available on Android, iOS, and Windows) that has the functionality of a website. It enables users to buy bitcoin, sell, send, receive, and accept the cryptocurrency with ease.
To get started, sign up for free and buy bitcoins instantly without supported documents for account verification purposes. When it comes to funds, CoinCorner instantly deposits and buy bitcoin with a debit card. For credit card users, buy bitcoin and deposit via bank transfer or SEPA.
For registered users, you will get 25% commission that lasts for 3 years and daily bitcoin payments when you refer people.
As of December 2016, CoinCorner has already served 50,000 customers worldwide.
BitBargain is also based in UK, it is a digital marketplace that connects bitcoin buyers to trusted sellers.
To get started, click register and fill up the registration form. The site strictly allows one registration per person. Accounts traced with the same IP address require ID verification and anonymous proxy accounts are not allowed to avoid scams and frauds.
To buy bitcoin via BitBargain, first you have to find online sellers. Select an offer from your chosen list and click “Buy Now”. For offers marked “Unavailable” just hover over the button to find out why. Most of the time, an offer is unavailable because the coins are more/less than your request or the seller requires you to have a verified phone, number, proof of billing, etc.
Next, request a trade. Review if you inputted the right amount of coins and payment method before requesting. Also, make sure that you have your token, card reader, and other security devices used in online banking to avoid delays and cancellations.
For users making a bank transfer, log in to your online banking account and check if it works before starting the bitcoin trade. Always make a payment with your own funds sent from your bank account to avoid fraud. The seller will receive a text message as notification. Wait for the seller’s confirmation and once confirmed, transfer the funds and click the “Payment Sent” button. The seller then verifies the payment and releases the coins via escrow. The bitcoins will be deposited to your BitBargain wallet
In addition on where to buy bitcoin, users can buy BTCs via exchange with other cryptocurrencies, people from direct marketplaces, wire transfers, and even bitcoin lending.
Just always make sure that you are using the legit platform and transacting to the right person. As for Paypal users, this platform is not recommended for bitcoin transactions.