Bitcoin is a cryptocurrency invented by a group of Japanese programmers which are majorly used for the digital payment system. In the past Bitcoin was generally used for illegal transactions and payment on dark web, recently a lot of people use Bitcoins for Legal work. Some people who prefer using Bitcoins are Investors, Freelancers, and Businessmen etc. In Fact, Japan has started using Ripple (XRP), a cryptocurrency for international transfers. The cryptocurrency has come a long way from $1 in 2010 to around $2900 in May 2017. The exponential growth has lead to an increase in the purchase volume of Bitcoins. A lot of people who invested in the stock markets now prefer to purchase Bitcoins and invest in Bitcoin because of the growth percentage.
Some Crypto-experts have made an assumption that the Bitcoin would reach around $10,000 at some point of time. Such assumptions make normal people think of investing their hard-earned money into Bitcoin. The fluctuations are huge and the risk involved also is huge, but one thing we learn while doing business is “Higher the Risk, Higher the Gain”.
8 Sites From Where You Can Purchase Bitcoins
We personally recommend you to only invest the money you can afford to lose because when it comes to cryptocurrency, nothing is stable. One day, you might see a growth of 100%, but some days can bring you to a loss of as low as 400% or even more. If you are looking forward to multiplying your money by investing it in Bitcoin, then you need to first purchase Bitcoin. That’s why we’ve created a list of sites from where you can buy Bitcoins.
You can buy Bitcoins by cash, PayPal, online transaction, debit/credit cards, Ecoin and various other modes. Finding a trustworthy exchange or seller is very important as some people tend to lose money in order to save the commission paid to the exchange.
This is one of the biggest trustworthy Bitcoin exchange located in San Fransico, California. You can purchase Bitcoins using Credit Card or bank transfer from Coinbase. Coinbase is available for sales and purchase of Bitcoin in 32 different countries. If you are new to Bitcoin then there are simple tutorials about what Bitcoin is? How to purchase? Where to use? Coinbase would charge 1.49% on US bank account transfer, Coinbase USD wallet and 3.99% on Credit/Debit cards. Visit Coinbase
This is an exchange where you can purchase Bitcoins in exchange of other cryptocurrencies such as Auroracoin, Bitconnect, and 70+ such digital currencies. This exchange is located in Delaware, USA. The registration on this website is very simple. There are statistical representations which would help you to purchase/sell. Since Bitcoin can be exchanged for other cryptocurrencies Poloniex is available in most of the countries. The commission varies from 0%-0.25% on Poloniex. Visit Poloniex
This is more like a Bitcoin retail store where you can take hard cash and purchase/sell Bitcoins from the retailer. In order to purchase Bitcoins from LocalBitcoins, one must have a Bitcoin wallet. The website would show you the nearest person who is willing to purchase/sell Bitcoins. This exchange accepts most of the currencies as it happens in the same native country. LocalBitcoins is private and doesn’t require personal verification, except some sellers. LocalBitcoins charges 1% commission on transactions. Go to LocalBitcoins
Cex.io is a Bitcoin exchange located in London, UK. On Cex.io payments can be done through Visa, Mastercard, bank transfer, and cryptocurrency. This exchange allows the users to pay in 4 different currencies which are USD (Dollar), EUR (Euro), GBP (Pound), RUB (Ruble). This exchange is known for margin trading and affiliate system.Visit CEX.io
Kraken started its journey in 2011 and is located in San Fransisco, USA. This exchange has Ethereum trading, leveraged margin trading, and dark pool apart from Bitcoin. This is a secure and trustworthy where every transaction is encrypted. Kraken has the highest volume of transactions in Euros, while it also supports other currency such as Canadian Dollar, US Dollar, British Pound and Japanese Yen. Apart from bank transfer Kraken also supports altcoins. Browse Kraken
Bitmex is owned by HDR Global trading is the Republic of Seychelles incorporated, entity. This is mainly known for marginal trading and leveraging which is up to x100. BitMEX has live trading statistics and representations. The fees on this exchange are lesser when compared with the rest, the charges vary from -0.025-0.25% even at various leverages. Visit BitMex
It is a Hong Kong based exchange where even another cryptocurrencies such as Ethereum, Litecoin, EOS, Zcash, Ripple and much more. Bitfinex allows the liquid order of crypto currency. It supports margin finding as well as margin trading with leverages. Bitfinex also allows the users to customize the interface. This exchange charges a fee ranging from 0% to 18%. Link To BitFinex
This is a Moscow based exchange in Russia. Yobit is one of the largest exchange which accepts about 300+ cryptocurrency for transactions. This exchange has a lot of statistics and analytics related to various crypto currencies. Yobit also has a salient feature which allows the users to play ‘Dice Game’ and win prizes in cryptocurrencies. Visit YoBit
These were some of the best, trustworthy, legal Bitcoin exchanges which most of the cryptocurrency experts suggest. Some of the unknown sites would levy nil charges purchases but they may tamper your credentials or may cheat the users.