Buy Bitcoin Now Reddit

Compare the best and trusted exchanges to buy Bitcoin

Binance

  • Charges the lowest trading fees ranging between 0.1% to 0.2%

  • It is supported in more than 190 countries

  • Users can purchase bitcoin using debit/credit card and SEPA transfer

  • It handles 10-12 bln trades daily

Huobi
 

  • Trading fees range from 0.4%-0.1%

  • Accessible from more than 130 countries

  • Supports buying of bitcoin using credit/debit card and Sepa transfer

Kraken

  • Charges trading fees of between 0.4%-0.1%

  • Available in more than 190 countries globally

  • Permits credit/debit card and Sepa transfer purchase of bitcoins

​Highly TRUSTED

by www.consulting24.co

Binance is among the leading and trusted crypto exchanges despite having been around for only three years. Former OKEX CTO Changpeng Zhao founded the exchange, and in 2018 it emerged as the largest crypto exchange globally in terms of trades processed. Binance is primarily known as a crypto-to-crypto exchange, but it also offers crypto wallets where users can store their bitcoins.

The Tokyo-based exchange supports more than 180 different digital currencies and can process between 10-12 billion trades per day. The exchange has more than 12 million registered daily users and monthly visits of more than 26 million. Its native Binance token (BNB) has risen from its ICO price of $0.1 to around $15, which is an impressive return of almost 16000%.

  • The lowest trading fees at 0,1% - 0,2%

  • Users that use its native token get 25% discount on trading fees

  • High security and safety protocols with multicluster and multi-tier architecture that offer high processing of 1.4 million orders per second

  • Supports a wide range of cryptocurrencies of more than 180 that include Bitcoin, Ethereum, BNB and Litecoin among others

  • Offers rewards such as forked coins and uses get GAS is they hold NEO on Binance

  • Trustworthy exchange with more than 20 million users trusting the exchange

  • processes large volume trades with daily trading volume ranging between 10-12 billion

  • Binance holds close to 320,000 users’ bitcoin

  • Traders receive staking rewards for over 23 different cryptocurrencies

  • Supports bitcoin purchase using credit cards and debit cards

  • OTC Binance

  • Binance deposits 10% of its profits into SAFU funds to act as insurance against hacking

  • Binance offers users rewards for referring friends through its referral program

  • Binance was blocked the US in 2019

  • The exchange experienced a significant hack with over 40 million in cryptocurrency funds lost, but it met 100% of the damages to users from its SAFU funds

​Highly TRUSTED

by www.consulting24.co

Huobi Global is among the top global exchanges in the world today and has been around since 2013. It was established by former Oracle computer engineer Leon Li and in 2014, the exchange secured investment from various investors, including the Sequoia Capital group. The exchange was founded in China but later relocated to Singapore in 2017 following a crackdown by Chinese authorities on cryptocurrency exchanges.

The exchange started to globalize with partner and subsidiary companies in countries like South Korea, Japan, Russian, and others. The exchange processes 205 billion trades per day, and its native Huobi Token (HT) has grown to more than $4 from its ICO price of around $1.52.

  • Large volume trades of 2-5 billion daily

  • Supports over 190 different cryptocurrencies

  • Daily trading volume is around $1.4 billion

       

  • Boast over 5 million registered users

  • The exchange is compatible with most devices

  • Digital assets trade estimates at approximately $1.2 trillion

  • Customer support is available in two languages

  • Real-time trading with enhanced volatility

  • Huobi OTC  support fiat to cryptocurrency conversion for 27 currencies

  • Margin trading and margin funding are supported

  • User Protection Fund where the exchange funnels profits as a form of insurance against thefts, and hacks

  • Supports institutional trading  through the dark pool trading and OTC desk

  • Derivative trading from Swap and Futures trading markets

 

  • All assets are charged a 0.2% trading fees

  • Only verified level 1 users can withdraw up to $2,000 per day

  • Monthly withdrawals capped at $10,000

  • Doesn’t support staking bonuses

  • Allegedly provides false trading volumes  

​Highly TRUSTED

by www.consulting24.co

Kraken was launched in 2011 and remained under development for another two years before its official launch in 2013. The San Francisco-based exchange is one of the platforms that allows users to safely and securely conduct trades in local bitcoins. Kraken is very popular among traders considering it allows buying and selling of crypto through wire transfer.

The exchange is currently available to traders from four continents, with its services available in more than 180 countries. Kraken boasts over 2.2 million users who trade in around 10 different digital assets and sets for direct trades.

  • Traders enjoy high liquidity as well as buy limits

  • One of the safest exchanges

  • Supports margin trading

  • Supported in more than 180 countries

  • Supports trading in more than 34 cryptocurrencies

  • Varying withdrawal fees

​​

  • Supports 5 fiat currencies

  • Over 30 trading pairs are available​​

  • There are no withdrawal caps

  • Different trading fees for takers and makers at 0.26% and 0.16% respectively

  • Kraken OTC

  • Staking rewards

  • Transactions can be made through SEPA, SWIFT and Wire transfer

  • Limited payment options for trading

  • Does not support INR for trade

  • Preferably ideal for professional

  • Slow customer support service 

  • Long KYC verification process

​We receive an affiliate commission when you buy bitcoin via our link. Profit will be used for blockchain ecosystem development purposes. Before using this page, read the disclaimer.

​Understanding Bitcoins

Are you interested in knowing about Bitcoins? Bitcoin is the first-ever digital currency to launch and was founded in 2009 by an unknown person, often referred to as Satoshi Nakamoto. It is the largest crypto market globally. Bitcoin is an internet-based form of money that is decentralized without any central authority controlling its circulation.

The virtual currency works in the form of local bitcoins created through mining, and then they are circulated and traded on a decentralized ledger often called blockchains. Local bitcoins have become popular nowadays, and they inspire many in the blockchain sector. Most importantly, unlike fiat currencies, there is no intermediary involved when transacting. Bitcoins are computer files stored in digital wallets, and transactions are recorded and confirmed on a public ledger.   

  • Bitcoin was the first cryptocurrency to launch in the world in 2009

  • Bitcoin is the godfather of cryptos and the first person to mine it was Satoshi Nakamoto

  • No one owns the bitcoin blockchain or network

  • Transactions follow triple book-entry bitcoin trading system

  • Bitcoins are capped at 21 million, no more can be issued or printed

  • Bitcoin’s total value is set at around $100 billion

  • Trading of bitcoins is only in portfolios with concerning actual coins

  • The bitcoin network is open source and can be downloaded and accessed by anybody

  • Bitcoins are characterized by high speculation and volatility

  • Anyone who has computer hardware can process transactions in what is called bitcoin mining

  • Bitcoins can be used for paying for goods, make a direct purchase or even receive bitcoins through mining

  • Bitcoin transactions are usually recorded and confirmed on the blockchain network

  • The last bitcoin is expected to be mined by 2140

  • There are 6.25 new bitcoins created and circulated in every 10 minutes

If you want to get more insight into cryptocurrencies to check, What is Bitcoin?, Buy BTC or Buy Bitcoin.

Operations-Conventional Money System

In the conventional money system, when you want to send fiat currencies like EUR or USD, you need a payment provider or bank to confirm transactions and management of funds. There is a central authority or intermediary involved responsible for controlling the circulation of the currency, and in most cases, it's a country's central bank. Since intermediaries are involved, transactions take longer, and it is not easy to trace transactions.

Bitcoin Blockchain Vs Fiat System

The bitcoin blockchain or the system used for cryptocurrencies is much faster than the regular money system as transactions take between one minute and an hour. There is no central administrator for this currency, and it is computers that record and confirm transactions on blockchains. In this system, you are the bank as you control all your transactions. Most importantly, the total sum of Bitcoins is capped at 21 million, and no more can be issued, unlike in the fiat system where the central bank can print more money.

What Are The Risks Of Cryptos?

Irregular Price Fluctuations

Crypto prices are unpredictable, and they fluctuate significantly within a short period, which makes them risky investments. It is hard to predict the price of bitcoin, and trading volumes determine the variability in price. When market participation is low, then cryptos are likely to fall in price, and they can easily drop and become worthless. Consider investing what you want to risk losing.

Prone To Cyber Theft And Hacks

There is a proliferation of hacking of crypto exchanges and wallets where millions of cryptocurrencies are stolen. When hackers gain access to one's account and private keys, they can wipe their digital wallets. Therefore you should guard your access keys to the crypto wallets, and having them in an offline device is the safest way of securing your funds.

Fraud By Providers

Some unscrupulous providers are out to scam and exploit potential investors by charging very high fees when selling bitcoin. Some disguise as offering deals to buyers with promises of more returns, but they end up defrauding them. Therefore it is vital to check the fees before deciding to purchase bitcoins.

Disclaimer

The website is only for the educational purposes. The website does not constitute the provision of any financial or investment advice in connection with the use of the website. You should consult with a financial or investment professional to understand the risks of cryptocurrencies. You should not invest more than you are ready to lose. We don't guarantee you any trading profit.  BuyBitcoin24 doesn't offer legal services or company registration in Estonia. You can contact our legal team via website www.consulting24.co.​ We receive an affiliate advertising commission from crypto exchanges and Bitcoin wallets. 
 

BuyBitcoin24

Find the best exchange to buy Bitcoin today. 
Official Channels
  • Twitter
  • LinkedIn
About US
The website is launched for research purposes only. BuyBitcoin24 is a professional tool to find fast top 3 best cryptocurrency exchanges to buy crypto from trusted providers. We have analyzed the most used cryptocurrency exchanges to provide a comparison of the fees, trading volumes, supported countries, supported currencies, payment methods, and the estimated amount of users. We want our website to be a useful tool to find fast best trading options. There are over 1000 different cryptocurrency exchanges, lot's of those are scams, or charge very high fees. We are excited to contribute to the blockchain ecosystem and have selected the best options for newcomers to buy cryptocurrencies from the best providers. 
Quick links to learn more about Bitcoin
What is Bitcoin?
Buy Bitcoin in Switzerland 
Buy Bitcoin in Norway 
Contact Us 
Submit your questions below or WhatsApp: +37258155779
TAGS

Buy bitcoin, buy btc, buy btc now, buy btc fast, buy bitcoin fast, buy btc locally, buy bitcoin locally, easiest way to get bitcoins, buy bitcoin worldwide, localbitcoins, local bitcoin, bitcoin buy, btc buy