Where to Buy Crypto?
The cryptocurrency market is gaining more and more popularity each year, attracting traders and investors to enlarge their portfolios and give more consideration to digital assets. The main advantage of crypto investments is their high profitability and opportunity to get rich fast.
There are stories of traders becoming billionaires from buying the right coin at the right time and the stories of those who lost it all. Cryptocurrency trading can come with risks, and it is, therefore, important to use a trustworthy exchange platform that would allow you to trade and store your crypto securely.
Beginner traders often ask: what is the best place to buy crypto? Luckily, there are plenty of different crypto exchanges on the market, offering varied terms and conditions depending on the crypto coin and fiat currency. Most experts agree that the top three platforms to buy Bitcoin, Ethereum, Ripple, and other popular coins are Changelly, Binance, and Coinbase.
Take a look at this review article to decide which platform is the best place to trade crypto for you.
Changelly is the most recommended exchange platform for an instant Bitcoin purchase. Apart from having attractive rates and fees such as only 0.5% for BTC, Changelly allows users to buy over 200 other crypto coins, including ETH, LTC, XMR, in a matter of minutes. Average sales are processed within a record fast time of 5 to 30 minutes, and they do not even require a complex verification process.
One of the biggest pluses of using this exchange platform is that it allows for maximum privacy compared to the competitors. In addition, Changelly users can make quick deposits with a credit or debit card and pay using as much as 50 fiat currencies, including EUR, USD, and RUB. They can access the platform via their PC or a mobile app, which makes it possible to buy and sell crypto anywhere on the go.
Binance is another good option for buying crypto with little trading experience. Its user-friendly design and simple navigation make it the favorite exchange of beginner traders. Regardless if you are a beginner or a more advanced trader, you can enjoy a broad range of crypto coins available at Binance, such as BTC, BTT, DOGE, XLM, and others. Deposit and withdrawal methods include bank wires, credit or debit cards, as well as payment platforms like Simplex.
Traders can apply for a Binance staking service, which allows them to gain returns on keeping the Defi coins on their platform or enter the Binance Smart Pool for more predictable returns. An additional advantage of using Binance is their learning center and 24/7 customer support.
Coinbase is the largest exchange in the US, offering more than 60 cryptocurrencies. Among the top features of Coinbase are high-security settings and the opportunity to set recurring purchases.
That comes at a high cost as Coinbase is known for the fees much highest than other cryptocurrency exchanges. For example, the credit or debit card deposit would meet a fee of 3.99%. Crypto conversion fees are 2.00%, and bank transfers 1.49%. The traders should take into account the Maker and Taker fees, as well as the Coinbase fee, among others.
Choosing a platform to purchase Bitcoin instantly isn’t as hard as it may seem. In a pool of crypto exchanges, it’s always a good idea to look for top-performers. Analyze the fees, limits, provided cryptocurrencies, supported fiat currencies, and go for the platform that offers the most favorable terms for you.