Best Places To Buy Bitcoin In 2022

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Home / Blog / What Are The 10 Best Places To Buy Bitcoin In 2022?

What Are The 10 Best Places To Buy Bitcoin In 2022?

Best Places To Buy Bitcoin In 2022
Home / Blog / What Are The 10 Best Places To Buy Bitcoin In 2022?

What Are The 10 Best Places To Buy Bitcoin In 2022?

Best Places To Buy Bitcoin In 2022
XBO

The crypto fever is taking charge of most investors these days. They are likely to invest and trade cryptocurrencies to earn more and more profits. Most investors and traders consider Bitcoin one of the best crypto coins to trade. Undoubtedly, its price record and transaction history state the same. But the question arises: what are the best places to buy Bitcoin?

Well, you can purchase Bitcoin through brokers or by yourself by opening an account on any trading exchange platform which supports Bitcoin. Bitcoin is a virtual cryptocurrency used for digital purchases or trading stocks or bonds. To buy or sell any crypto coin. Including Bitcoin, you will need help from a Bitcoin exchange. It shall allow you to purchase Bitcoin in exchange for other assets.

These include fiat currencies or other digital currencies. As a result, you will have the best crypto exchanges cost-effective, secure, easy-to-use and available to various funding sources. However, investing in cryptocurrencies, Decentralized Finance and other digital assets can be a precarious proposal. In the case of Bitcoin, the crypto coin is subject to high volatility. Hence, you should be much more careful while investing or trading with Bitcoin.

How To Buy Bitcoin?

Purchasing cryptocurrency has never been easier for novice traders. However, you can follow these five simple steps to buy Bitcoin online.

How To Buy Bitcoin

Determine Which Platform You Want To Use

There are several cryptocurrency exchanges available for trading Bitcoin and other digital assets. As an investor, the trading platform you wish to select depends on you. Considering the factors and features which matter the most to you, you should choose one of the best places to buy Bitcoin.

Create An Account On The Platform

Once you have selected the platform from which you will purchase and trade Bitcoin, the following process is to open an account. To complete the account opening procedure, you must fill in personal details like name, phone number, email address and a copy of your original ID. It shall only take a few minutes. The process is helpful for the exchanges to abide by the anti-money laundering regulations.

Deposit Money

Different cryptocurrency platforms have different ways of accepting fiat currencies as deposit money. The depositing fees shall also vary from account to account. However, a bank transfer is the best and cheapest way to fund your account—the credit card and debit card deposit levy up to 2% to 5%.

Purchase Bitcoin

Always remember that you do not have to purchase one whole Bitcoin. You can anytime select the dollar amount you wish to spend. Some cryptocurrency exchanges are inbuilt with an instant convert function. But in other crypto exchanges, you must first place an order for the same. Once that is done, you have your Bitcoin. Congratulations!

Select Where You Want To Keep Your Bitcoin

Many novice investors choose to leave their cryptocurrency with the exchange itself. However, the long-term crypto enthusiasts frown upon this action. Instead, you can consider moving your Bitcoin to another separate crypto wallet to ensure more safety and security. But opting for a crypto wallet comes with additional responsibilities. For example, if you lose your account password, you might also lose all your funds.

What Are The Best Places To Bitcoin?

In a little over the decade, Bitcoin has evolved to be an obscure digital token for trading and exchanging other digital assets. Here are the top picks of the platforms from where you can purchase Bitcoin effortlessly.

Trade Station

Trade Station is one of the best places to buy Bitcoin as it allows you to buy, sell and era through cryptocurrencies effortlessly. It is a hassle-free crypto trading platform where you can learn about different crypto trading concepts through the available educational resources. In addition, the platform comes with advanced tools and technology for traders’ use.

Trade station

You can easily keep track of your interest income. Also, you can instantly check on the unrealized profits anytime you want. Trade Station charges 0.5% per trade fee for accounts having balances of $100,000. In addition, the platform provides real-time market data with no minimum deposit feature. Hence, you can deposit and withdraw at any time without any charge.

CoinMama

CoinMama is among the most popular digital currency exchanges and the best places to buy Bitcoin today. The platform allows customers in every country to purchase Bitcoin through debit or credit card as long as it is a Visa or MasterCard. However, it charges a 6.6% fee on each crypto transaction. Further, it charges a 5% additional fee on credit or debit card purchases where you can instantly get coins in your account.

In addition, CoinMama is a reliable and trusted broker who works in almost every country. Furthermore, for the verification process of the platform, you will need to enter details through a government ID, after which you will be allowed to trade cryptocurrencies. CoinMama allows you to track your order status after creating your account on this platform.

Coinbase

Coinbase is a secured crypto exchange platform with outstanding features and one of the best places to buy Bitcoin. It is a massive company with over $256 billion in assets and 98 million users. In addition, the exchange is well-known for managing and supporting 13,000 financial institutions.

The exchange is available as a mobile application that supports Android and iOS. It has a user-friendly interface which is ideal for beginners to access and navigate. In addition, Coinbase is a San Francisco-regulated company, making it more trustworthy and reliable for trading and investing. The exchange supports over 100+ crypto coins and tokens along with 390 training pairs for the newbies to experiment.

UniSwap

This crypto exchange is one of the largest decentralized crypto exchanges worldwide. In this platform, the users can easily swap crypto tokens without signing into an account. Furthermore, through UniSwap’s liquidity pools, the users can earn from the interest of crypto holdings. As a result, the exchange provides the deepest liquidity, making it one of the best places to buy Bitcoin.

It uses a simple swap token process for easy trading. The platform is open-sourced and does not need any permission. So any user can connect with a web-3 wallet and begin to trade. UniSwap supports all Ethereum tokens available on blockchain technology. This crypto exchange has native governance named UNI, through which the supporters vote for developmental issues.

ProBit Exchange

ProBit Exchange supports more than 150 digital currencies for trading and five significant coins, including Bitcoin. Following its features and other trading benefits, you can count this platform among the best places to buy Bitcoin. In addition, the platform promises to provide a wide array of trusted coins and an abundance of trading pairs.

Moreover, it also aims to give the users a robust and fast trading experience with its massive processing capacity. ProBit uses PROB as the native currency for platform transactions. It charges a 0.10% taker fee and 0.05% maker fee. In addition to this, the crypto exchange platform allows lightning-fast transactions. It maintains a record of 1,500,000 transactions per second. Furthermore, proBit is easy to navigate and customizable.

Kraken

Kraken is a crypto exchange founded in San Francisco and launched in 2013 by Jesse Powell. In the early days, it only supported the trade of Bitcoin and Litecoin against the exchange of fiat currency. Along with supporting the trading of crypto coins, it also offers the service of staking, OTC, and derivatives trading. The exchange has extensive coverage in almost all parts of the US. No security breaches or customer dissatisfaction issues have yet been reported against this company.

The platform has a comprehensive resource section that includes podcast episodes, crypto guides, video tutorials, and webinar sessions, making it one of the best places to buy Bitcoin. In addition, Kraken has advanced security tools such as 2FA, Master Keys, and secure API creation to secure the user’s account. You can do transactions on this exchange through a web platform and mobile application.

Bisq

Bitsquare, popularly known as Bisq, is a decentralized exchange which caters to the needs of prospective traders and investors. The exchange was founded by an Austrian crypto wizard, Manfred Karrer, in 2014. The exchange has a relatively simple interface with a comfortable, easy-to-use interface. Furthermore, there is no risk of cyber hacking because it is a decentralized exchange, and no user’s personal information is stored here.

Hence, the users can count this platform among the best places to buy Bitcoin. There is 100% anonymity and 100% transparency. The platform supports multiple trading altcoins such as DASH, DOGE, ZEN, and ETH. The entire list of tradable crypto coins and altcoins is present on the official webpage of the exchange. The exchange is a legit platform for trading almost all well-known cryptocurrencies in a P2P network.

Gemini

Because of its enticing features and advantages, Gemini is undoubtedly one of the best places to buy Bitcoin for traders. You can make any crypto purchase on this platform through your debit card. In addition, the platform, through its extensive educational resources and videos, makes it simple for users to research the crypto market and purchase cryptocurrencies.

Gemini

Moreover, this crypto exchange platform ensures that you build a strong portfolio for the future of money. Gemini charges 3.99% fees for credit and debit card purchases. Also, you can get an instant purchase if you make a payment through a bank account, but you will have to pay a 1.49% instant purchase fee. The platform is accessible in around 50 states, where you can easily purchase crypto coins. Further, you can also earn interest in your crypto holdings.

BlockFi

BlockFi is a well-known crypto exchange and wallet. Over one million users from all across the world use this platform for trading cryptocurrencies. The platform makes it possible for users to earn a passive income from the interest of holding cryptocurrencies. BlockFi features make users count it among the best places to buy Bitcoin.

There is a potential to earn an APY on your crypto holdings. The platform rewards Visa Signature Credit Card, which offers 1.5% unlimited back in crypto rewards. In addition, the crypto holdings in BlockFi can be used as collateral for low-rate loans. The exchange has a scheduled automatic trade for building the cryptocurrency portfolio. Trading Bitcoin, Ethereum, and Litecoin are way easier on BlockFi than on any other crypto exchange.

If you find the list a little overwhelming we also have a comparison between two Best exchanges in a form of BlockFi vs Coinbase. Click here to read more.

SoFi Invest

SoFi Invest is a free customer investing service that offers traders stocks, ETFs and Robo advising. Being one of the best places to buy Bitcoin, you can trade any other crypto coin 24/7, unlike the traditional stock market. That means there is no off-limit on weekends, holidays, or the middle of the night.

Like the Coinbase platform, you can trade more than 17 cryptocurrencies without commission or trading fee. In addition to this, there are new crypto coins on their way available for you to trade on SoFi Invest. However, the platform charges a markup of 1.25% on every cryptocurrency transaction. Plus, every transaction here is secured and protected against fraud and theft. Here, your holdings are also FDIC insured.

With the list of best places to buy bitcoin, our intention was to make you empowered with crypto-related knowledge and make your task easy when it comes to choosing the best places to buy bitcoin. While choosing an exchange along with security, there are several factors you need to consider.

Xbo, an upcoming exchange, is committed to creating a knowledge hub, all things around crypto. The exchange employs military-grade security to safeguard user privacy. Although early registration for Xbo is closed now, you could still win $100,000 with its Bored Ape Audition. So, hurry up, and submit your Bored Ape here.

The Final Verdict

The correct cryptocurrency exchange will strike an idyllic balance between the security, fees and trading options. That is why it is essential to know what you want before you dive into the crypto trading platform. Trade Station is best suited for the ones looking for multiple asset classes. On the other hand, Gemini is for beginners to learn the trading techniques effectively.

To seek strict security and ease of use, you must go for Kraken and SoFi Invest, respectively. However, if you wish to earn serious interest in your crypto holdings, you must opt for BlockFi as one of the best places to buy Bitcoin. All the mentioned platforms are well-equipped with their works and offer the best for the traders.

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