As more people embrace the idea of Bitcoin and other cryptocurrencies worldwide (and businesses start to accept it as a payment option), it is vital to know how to first buy the digital currency of your choice. You need to know how to pick the best website to buy bitcoins online. In this article, we will discuss some of the best platforms you can use.
How to choose the best website to buy bitcoins online?
If you want to buy, trade, or otherwise get involved in cryptocurrency, you need to understand the things to look for when searching for the best website for you to buy Bitcoin (BTC). There are so many websites or platforms to choose from that it can be a daunting task to select the best one for you to buy bitcoins.
Below are some things to help you choose the best site to buy BTC online:
· User experience and user interface
Your success as a Bitcoin investor or trader depends to some extent on the website’s user interface and usability. The user experience that it provides is crucial and should offer the features that you need in an easily understandable format. If you want to avoid confusion, you should choose a Bitcoin exchange with an intuitive interface that offers an excellent user experience.
But as far as user experience is concerned, it is subjective because different people like different interfaces. Thus, choose the interface that allows you easily understand the exchange’s services. Additionally, you need to check what level of customer service an exchange offers. Most importantly, a great website from which to buy Bitcoin has good accessibility.
· Security and authenticity
In your search for the best website to buy Bitcoin, you need to do your due diligence to establish if a website is authentic and secure. A Bitcoin exchange’s authenticity and security are crucial to the safety of your funds when they stored are on the platform. It is vital to check the security protocols that a Bitcoin website has put in place to keep your assets and data secure. Sadly, some crypto traders and investors have fallen victim to scam platforms leading to the loss of billions of dollars. You don’t want to suffer such a misfortune.
Another crucial factor when choosing the best website to buy Bitcoin online is its liquidity. This refers to the ability to convert your digital coins to cash and vice-versa. The prices of cryptocurrencies can rise and fall dramatically, making it necessary to use a website without liquidity issues. To illustrate this point, when the BTC price is going up crazily, you need the assurance that your buy order will be fulfilled quickly, and at a price that is as close as possible to what you saw quoted. You can tell a website has good liquidity by checking its trading volumes—the higher the volume, the better the liquidity.
· Transaction fees
Different Bitcoin trading websites have different transaction fee structures. When looking for the best website to buy Bitcoin, consider the site’s transaction fees for services you are likely to require. Avoid sites with hidden fees. Look for websites with flexible fee structures or those with flat transactional rates.
Examples of some of the best Bitcoin trading websites
As you look for the best website to buy bitcoins online, you should not miss Coinbase off your list. It is regarded by many to be one of the best crypto platforms. It is also one of the most popular. This may be because it allows users to buy bitcoins and other cryptocurrencies directly with USD. Currently, you can purchase Bitcoin, Litecoin, Ethereum, and more than 30 other digital currencies and tokens on Coinbase. What’s more, your USDT can earn passive income through interest, and you can be rewarded with tokens for completing various tasks.
Some of the key advantages of this website for trading crypto is that it has one of the most user-friendly user interfaces. It also has top-notch security features in place.
On the flip side, the platform has some cons such as relatively high fees unless you subscribe to Coinbase Pro. It is not that fast to adopt new coins that are popular and users have no control of private keys in their wallets.
This is the first Turkish crypto exchange to open a physical office where investors can buy and sell digital currencies. In addition, NakitCoins has a well-established website and a mobile wallet app that allow users to buy bitcoins online. With online applications, investors can keep tabs on the prices of their coins and take advantage of favorable prices to sell and buy when they need to while paying some of the lowest fees in the market.
Gemini is another great crypto exchange website to buy Bitcoins online. It prides itself on being one of the first major crypto platforms. Today, it is one of the largest by asset base. The best thing about using Gemini to trade bitcoins and other crypto coins is that it supports the majority of the major digital coins. It has first-class customer service and maintains great engagement with users. It also offers attractive rewards in form of interest for assets held with the platform. In addition, it has a user-friendly app-based user interface. However, one of the downsides of this crypto website is that it has limed deposit or payment options.
Although Binance is not as easy to use as some of the leading crypto websites, it is one of the strongest trading platforms among the crypto exchanges. It boasts of having a huge number of supported tokens and coins, relatively low fees, and quick transaction times. The cons of the platform include that the US version of Binance has fewer options than the global one, and it has limited customer support.
If you wanted to find the best website to buy Bitcoins online, we hope that this article has helped you get that information. It has also shed light on the criteria needed to pick the best platform to use for your online Bitcoin purchase. Some considerations when choosing a crypto platform include the platform’s security, authenticity, interface user-friendliness, transaction fees, and liquidity. Some leading websites that you can use to buy Bitcoin are NakitCoins, Coinbase, Binance, and Gemini.