Bitcoin is the pioneer among cryptocurrencies and the first application to use blockchain technology. For this reason, it is still the best-known and most successful digital currency in the world today.
Trading Bitcoins is no longer just a trend. The crypto currency has become a serious investment and a modern payment method. In particular, their decentralized technology makes crypto currencies a special feature because they eliminate the need for a central authority that guarantees the value of a currency.
Those who buy Bitcoins usually purchase them in order to achieve the highest possible profit. You can make such a profit with almost all crypto currencies if you trade wisely with them and set the right course. However, choosing the right currency can be extremely difficult. The crypto currency Bitcoin offers you the great advantage of a stable and successful exchange rate over a long period of time. As an established coin in the world of digital currencies, no rapid mass sales by investors are to be expected. And a stable currency is the key to the highest possible profit.
Bitcoin has been number 1 in coinmarketcap.com since the launch of cryptocurrencies. This fact alone inspires trust in this digital currency and confidence in its development. Bitcoin’s share price performance was not only marked by success. After the bursting of the Bitcoin bubble in 2018, the share price passed through a number of valleys. For one year, the development of almost all crypto currencies was characterised by a general uncertainty on the markets. At the beginning of 2019, Bitcoin’s share price recovered again and has been rising steadily ever since – a good time to invest in this crypto currency and share in its success. However, it should always be borne in mind that even the most stable price cannot guarantee a further rise.
To buy Bitcoins, you must first choose a reliable and trustworthy broker. This choice may take some time, but you should take it. After all, this is an important decision that you should not make lightly. Once you have made your choice, register on your preferred provider’s website and verify your account. Only then can you benefit from all the features of the platform. Once you have made your first deposit, you can buy or trade Bitcoins.
There were only a few online brokers in 2014. The technology of cryptocurrencies and block chains was new and unknown. But when the first successes became apparent, this industry became interesting for many companies. As a result, the number of trading platforms has almost exploded in recent years. It is especially difficult for beginners to keep track of this selection. However, we can limit ourselves to a few providers that are trustworthy and regulated by the authorities.
Coinbase – most popular exchange in the USA
With over 10 million users, Coinbase is one of the largest marketplaces for digital currencies. Coinbase was launched in 2012 and is headquartered in San Francisco, California. In over 32 countries, the digital currencies Bitcoin, Bitcoin Cash, Ethereum, Ethereum classic, Litecoin can be purchased directly on the platform and via the iPhone / Android app. Coinbase is available in several languages.
The payment options available are SEPA transfer, instant transfer and credit card. Registration and verification takes just a few minutes. Since June 2019 Coinbase also offers its own crypto credit card to pay directly with crypto credit. For many Coinbase is the first entry into the exciting world of crypto currencies. Above all, the overall concept of trading platform, crypto wallets, credit card and mobile app is convincing.
Coinmama – quick and easy
Coinmama is one of the oldest crypto exchanges in the world and the oldest exchange for credit card transactions. It is therefore not surprising that credit cards are still the focus of this marketplace, but payment methods have now been extended to include SEPA transfers. Coinmama enjoys an excellent reputation and is one of the few providers approved in many states of the USA. The user interface of Coinmama is kept relatively simple. We’ve seen better designs from other vendors, but Coinmama’s experience isn’t bad.
Binance – credit card deposits possible
Binance is an emerging crypto exchange based in Shanghai and has become the largest crypto exchange within a year. Registration with Binance is free of charge and can be completed in just a few steps. All you need to register is an e-mail and a secure password, and then a jigsaw puzzle must be pushed to the right place and the Binance e-mail address confirmed. Verification is only required for payments of more than 2 BTC/day or a deposit by credit card.
The fees charged by Binance are clearly displayed on the corresponding Fees page. Unlike other exchanges, there are no deposit fees for Bitcoins or other currencies. The trading fee is 0.1%. If you own Binance Coins (NBB), the trading fee can be reduced slightly.
Bitpanda – trustworthy and good
Bitpanda is one of the best-known cryptocoin exchanges and is used by numerous traders. The service does not only consist of trading in crypto currencies, BitPanda also offers the possibility to store the purchased coins on a wallet. The foundation took place in 2014 and the Krypto Exchange is located in a neighbouring country of Switzerland, namely Austria (Vienna).
The founding history is very interesting, because the three founding members founded the Cryptocoin Exchange especially because in their opinion at that time it was very difficult to acquire Bitcoins quickly and easily in Europe. Today, in addition to Bitcoin, several other crypto currencies can be traded via the Bitpanda crypto exchange.
Localbitcoins – also cash, PayPal and more
LocalBitcoins is a platform with which you can exchange Bitcoin securely and anonymously for cash or another crypto currency. On a grand scale, you can choose from more than 8,000 cities in 224 countries around the world. LocalBitcoins has 75 currency pairs, including Bitcoin. All payments are processed immediately and the fees for the transactions are minimal.
LocalBitcoins is a peer-to-peer bitcoin exchange that allows users to buy and sell digital currencies using different payment methods. This exchange is preferred by many users as privacy is protected to some extent as no personal data or documents need to be provided. You can also sell your Bitcoins on LocalBitcoins. The service receives 1% of the commission from the person selling Bitcoins, there are no additional commissions.