1# Best bitcoin purchase sites

Compare the top 3 crypto exchanges. BuyBitcoin24 helps you to find the top 3 cryptocurrency exchanges to buy Bitcoin with the best price.

Compare the best options to Buy Bitcoin


  • Largest user base; 12+ million 

  • Competitive Trading fees: 0,1 - 0,2 % 

  • Largest Volume; 10+ billion 


  • Strong user base; 2+ million 

  • Pre-trading fees; 0,00 - 0,26 %

  • Higher Volume; 1+ billion 


  • Stronger base; 2.2+ million users globally

  • Competitive Tiered fees; 0,01 - 0,2%

  • Largest volume in Europe; 200+ million volume globally


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Founded in 2017, Binance quickly became the best Bitcoin purchase site in the world. With 15 million worldwide users, Binance is now operating in 40+ countries. The story of Binance started when Changpeng Zhao established the exchange then a popular place for Bitcoin, China. But Binance faced challenges when China put restrictions over the Bitcoin Trading. The challenge was met and the headquarter was moved several times before settling in Malta. Since then Binance became one of the fastest, largest, and cheapest alternatives for the Bitcoin lovers.

Binance used the opportunity to launch its own token BNB. BNB is really popular with 1 million users holding the token for multiple purposes. Binance reported that daily BNB-holding user numbers increased 40% in 2019. 

  • One of the fastest, largest, and cheapest crypto exchanges 

  • 1.4 million transactions per second

  • Very Cheap (0.1% trading fee)

  • Offers Native Token for discounts

  • Accepts major fiat, crypto, and payment methods

  • 450+ trading pairs

  • Operational in 40+ countries

  • Professional trading possible using the state-of-the-art trading platform

  • Privacy data like IP addresses are stored

  • Higher demand leads to slower customer support


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With a well-established reputation, Huobi has shown the world how to stay put as the best Bitcoin purchase site for years. It was founded in 2013 when the idea of making quick bucks using Bitcoin was exploding. However, most of the “quick earning” exchanges and ICO’s failed to gain trust like Huobi and lost without anything. Now Huobi is one of the top crypto exchanges in the world. Huobi also has a holding company called Huobi Global. The parent company was founded by Leon Li in China. He was a computer engineer at Oracle. But Li has to transfer his operation from China to Singapore as China banned cryptos in 2017. 

Now after years of service, Huobi has its own Token called HT (Huobi Token). HT helped the exchange to increase user loyalty. The token was launched in 2018. It is considered one of the top 100 currencies by market cap.

  • Discounts and rewards for the Huobi Token (HT) holders

  • Huobi buys back 20% of HT for the user protection

  • Two versions, Huobi Pro and Huobi OTC

  • Offers 200+ crypto assets

  • One of the highest liquidity in the market

  • Margin trading available

  • Bank Transfer and Credit cards are accepted

  • The website supports multiple languages

  • Higher (0.2%) trading fee for non-token (HT) holders

  • No public Blockchain yet for the exchange

  • Margin trading can become complicated for new users


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Kraken is one of the best places for Bitcoin which also ranked as a top Cryptocurrency exchange for higher volume. The exchange was founded in the U.S unlike the Binance and Huobi in China. However, there is a great demand for Kraken in Europe for having higher Euro liquidity and volume. Kraken is even working on ‘World’s First Cryptocurrency Bank.’ The exchange accepts wider ranges of cryptos and fiats. The fee depends on the trading amount. The rates are quite competitive and can be profitable for professional Bitcoin traders. Security is a big concern for the exchange making it a highly trusted exchange among the users. The exchange is one of the oldest in the list which was found back in 2011. 

  • Provides higher security for the users

  • Accepts major Crypto and Fiats 

  • Gained popularity in Europe

  • Trading fees are rational

  • $15-$18 million daily Bitcoin transaction volume

  • Supported Mt. Gox liquidation

  • Margin trading and future trading enabled

  • Account opening is really easy

  • Cold wallets provided by Kraken are safe

  • Rates can be confusing for beginners

  • Account verification can be a slow process than peers

  • 72-hour withdrawal hold for first fiat deposit

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What is Bitcoin?

Launched in 2009, Bitcoin (₿) is the world’s first digital currency. It is a new kind of asset which is decentralized and eliminates all the intermediaries like banks. Bitcoin is also known as a cryptocurrency since it uses cryptography technology to power the coins. The currency started with a Whitepaper published by a person called Satoshi Nakamoto. No one knows the actual identity of Satoshi but he made the most revolutionary asset in the world. Due to the massive success of Bitcoin hundreds of other cryptocurrencies copied the features and launched their own versions in the later years. It is powered by peer-to-peer technology. If two parties agree to do a transaction than software-driven cryptography helps the parties to complete the transaction themselves. No middlemen like banks are required.

- Bitcoin is also known as BTC which is the trading symbol. 

- It uses an open-source Blockchain network.

- Bitcoin is anonymous in nature.

- User gets a private key which is important for the transaction.

- A public key or digital wallet address is also required for the fund transfer authorization.


- Miners use high-speed computers to confirm each Bitcoin transaction.

To learn more about crypto check What is Crypto?, Local buy Bitcoins or Buy Bitcoin.

Bitcoin transactions

The transaction of Bitcoin is not similar to the regular fiat system. Generally, no central authority has the power to supply new Bitcoins. Rather the supply of the currency is limited. To buy and sell Bitcoin many exchanges offer services for the general users. They cut a smaller fee much cheaper than the banks. The transaction speed is fast and can be borderless if needed. Once the Bitcoin is purchased via fiat or other cryptos it is stored in an electronic wallet. The wallet can be a hot wallet or a cold wallet. Hot wallets are currencies stored in clouds and cold wallets are encrypted portable devices for Bitcoins. Some Bitcoin ATM’s also offer currency in different locations. The purchased Bitcoins can be used for investments, purchasing products, and services, etc.

- crypto exchanges and ATM’s offer direct Bitcoin buy and sell services  

- each transaction cost is very low

- both hot wallets and cold wallets can be used for holding Bitcoins

Regular fiat system

The legal tender government issue with no intrinsic value is known as the regular fiat system. Most of our activities like an investment, savings, and purchasing goods and services are related to this system. It replaced the gold standard and other commodity-based currencies. A central bank arranges everything from printing the fiat to controlling the money supply.

- fiat replaced the older gold standard system

- fiat money can’t be converted in anything else

- not limited by the scarcity

- a banking system work as the intermediary for the fiat system


Cryptocurrency Risks

High Volatility

The crazy ups and downs of the Bitcoin market first became a media craze in 2017. Speculators started to rush into the market to make quick money. The asset saw gains in thousand percentages. Subsequently, the market crumbled washing away profits very quickly. So before entering the Bitcoin market it is important to understand that Bitcoin is not designed for profits. But a calculative investment in Bitcoin can surely improve the portfolio size faster than any other assets available out there.

Lots of scammars

Hacking is the biggest concern for Bitcoin exchanges. In every step, for instance, purchase order, electronic transfer, and storing in the wallets can be targeted by the scammers. Hackers use multiple techniques to get access to the system and steal everything. News of high-profile hacks using email, tweets, and other tools are often heard. However, most of the cases scamming can be avoided if the users keep their private keys secret.

Robbery fees

Robbery fees or robbery charges are tricking the Bitcoin users to pay more for trading. Some exchanges exercise such practices to quickly steal some cash. Since Bitcoin can’t be regulated by a central authority it is not possible to track and stop all the scamming exchanges. Hence, cross-checking the prices in the best bitcoin purchase site like Binance, Huobi, and Kraken is always recommended by the expert traders in the Bitcoin domain. 

"Bitcoin should bring us a better future by solving the problem of time, distance, and cost.”
Mardo Soo
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