How to Buy Bitcoin - Tokenview?
Where can I buy a Bitcoin
For many newbie in crypto world, how to buy bitcoin is the first question they ask. The short answer is: Find a Bitcoin exchange. Trade your local currency, like U.S. dollar or Euro, for bitcoins. And then move your bitcoins into a secure Bitcoin wallet. ViewToken is one of the best bitcoin wallet that enables you to exchange bitcoin instantly.
Usually, bitcoin can be bought on exchanges, or directly from other people via marketplaces, which is called OTC transaction. You can pay for them in a variety of ways, ranging from cash to credit and debit cards to wire transfers, or even with other cryptocurrencies, depending on who you are buying them from and where you live.
Best Bitcoin Exchanges
Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.
- Coinbase is the biggest and most respected Bitcoin platform in the United States.
- Binance supports a wide range of digital currencies including Bitcoin, Ethereum and its own Binance Coin (BNB).
It offers both an exchange and wallet in one, making it one of the easiest places to start with Bitcoin. Coinbase also supports Bitcoin Cash, Ethereum and Litecoin. Once you sign up and connect your bank account, you can easily transfer funds in and out of your account and convert them to Bitcoin and back to dollars at will. Coinbase charges a variable percentage fee of one percent for U.S. transactions ($1 min, $50 max) from a bank account or Coinbase USD wallet. Purchases with a credit or debit card add on a 2.49 percent fixed fee.
The Coinbase wallet is very secure, accessed through the Web app or mobile app, utilizes two-factor authentication and keeps redundant digital and paper backups of data “in safe deposit boxes and vaults around the world.” Plus, cash balances are insured up to $250,000 against theft or a breach in online storage. Further, Coinbase holds 98 percent of customer currencies offline to keep them safe from malicious hackers. This is further evidence to why Coinbase is a leader in digital currencies in the United States.
Binance charges very low fees at just .1 percent for trades. If you want to go far beyond the most popular coins, Binance is your best option.
Binance offers the option to trade coins into multiple currencies and supports digital currencies, including EOS, Skycoin, TRON, ICON, Ethereum Classic, Litecoin, Ripple, Stellar Lumens, Bitcoin Cash, plus a bunch of cryptocurrencies you have probably never heard of.
While this is platform offers a huge range of currencies at a low cost, there are some bugs reported with the Android mobile app and some users have reported delays withdrawing certain currencies. Binance is not insured, which may be a major concern to some, particularly after some irregular trades were detected and reversed in March 2018.