Ease of Use

Very Good

Value for Money

Good

Verification

< 3 Days

Support

Good

Binance is one of the best and trusted source to buy BTC in the world today. The exchange was established by Changpeng Zhao in 2017, who is a former Okex Trading Platform CTO. In 2018 the exchange had established itself as one of the largest and trustworthy exchanges in terms of the trading volume. Binance processes between 10 billion and 12 billion trades per day.

Addition

Buy Bitcoin with

Ease of Use

Very Good

Value for Money

Good

Verification

< 3 Days

Support

Good

BitBay is one of Europe’s largest cryptocurrency exchanges originally founded in Poland. In November 2018 the company moved its legal base to the cryptocurrency-friendly Republic of Malta.

Addition

Buy Bitcoin with

Ease of Use

Very Good

Value for Money

Good

Verification

< 3 Days

Support

Good

Huobi is another leading cryptocurrency exchange that has been around since 2013 and boasts over 5 million users. Leon Li founded the exchange, and in 2014 it raised $10 million from a venture capital investment. Huobi native token (HT) has risen from its ICO price of $1.52 to over $4.

Addition

Buy Bitcoin with

Ease of Use

Very Good

Value for Money

Good

Verification

< 3 Days

Support

Good

Kraken is a San Francisco based exchange that launched in 2013 following two years of development. Currently, the exchange boast over 2.2 million users that trust the exchange. Kraken is the largest BTC exchange in euro volume and liquidity, and it is more than just a platform where you can trade BTC. Trades on the exchange are held in CAD, USD, EUR, GBP, and Japanese Yen. Traders can deposit SEPA, SWIFT, and bank wire transfer.

Addition

Buy Bitcoin with

What is Bitcoin?

Bitcoin is the first decentralized digital currency and a global digital payment system. It was invented by an unknown person or group under the pseudonym Satoshi Nakamoto and release in 2009. The system works without a central repository or administrator and is peer-to-peer, meaning its transactions take place between users directly and without an intermediary. Transactions are verified by network nodes and recorded in the so called blockchain, a public distributed ledger. Learn more about Bitcoin here.

How do I buy bitcoins?

Bitcoins can be bought on cryptocurrency marketplaces. To buy your first bitcoins, all you have to do is open an account and verify your identity with a marketplace. The verification process can take anywhere from minutes (by showing your ID to an agent using videochat) to several weeks. Once being verified, simply transfer money via your preferred payment method to buy bitcoins. In case your desired marketplace does not provide a wallet service, you will also have to setup a wallet to store your bitcoins.

Where can I buy bitcoins?

Three different types of cryptocurrency marketplaces can be distinguished. Exchanges resemble traditional stock exchanges (such as the New York Stock Exchange or the NASDAQ Stock Market) where individuals can trade bitcoins directly with other buyers and sellers. Cryptocurrency exchanges are responsible for matchmaking which means finding enough sellers and buyers and determining the price. Hence, there is no personal contact between traders. The trading features offered by exchanges are tailored to what professional traders with higher frequencies and volumes require. This is why their user interfaces may be somewhat confusing for beginners.

Brokers act as dealers as they participate in the transactions by taking the opposite side of the trade. Instead of matching the trading parties via an algorithm, a broker has his own asset stock (e.g. of bitcoins) from which he can sell some to fill a buyer’s order or buy some for their own account to fill a seller’s order. Cryptocurrency brokers therefore act as market makers and charge a markup or markdown that is more expensive than trading fees charged by exchanges. On the other hand, their services are usually very easy-to-use and therefore beginner-friendly.

What to consider when buying bitcoins

After learning about the various types of marketplaces you may be left with the question: “What’s the best marketplace for me?” Rest assured, you have come to the right place: Our service lists popular places to buy bitcoins from all over world. Now, all you have to do is specify your requirements and simply choose an exchange or broker of your liking.

Verification: The majority of marketplaces will require you to verify your identity (e.g. by uploading a copy of your passport as well as a utility bill to proof your residency) before you can buy bitcoins. The verification process can take anywhere from instant to several weeks.

Wallet Service: A bitcoin wallet is a piece of software where you can store your bitcoins. If you are new to bitcoin, look for marketplaces that already provide a wallet service. We would like to point out that storing bitcoins in a wallet that you are managing yourself is the safer option but it requires some learning effort. We’ve collected some basic info about different types of wallets here.

Prices & Fees: The price of a bitcoin is determined solely by supply and demand. Hence, its price will rise and fall depending on the number of people willing to sell and buy bitcoins. Generally speaking, exchanges have lower fees than brokerage services. Besides trading fees there are often fees for deposits and withdrawals.

Payment method: Before you can actually buy bitcoins you will need to transfer money to the marketplace. Most exchanges only offer the possibility to deposit money using wire transfer, which sometimes can take up to a week. Good broker services offer faster payment methods such as VISA or MasterCard at an extra fee.

Security: Security also plays a major role when you buy bitcoins. We help you filter marketplaces by security features such as two-factor authentication (2FA), cold storage etc. Also, we would like to encourage you to not keep significant amounts of fiat (USD or EUR) and cryptocurrencies stored on marketplaces, as they may be affected in the event of a cyber attack.

BuyBitcoin24

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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. 
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