1# Source to Buy BTC

Compare 3 best exchanges to buy BTC with the lowest fee and from the trusted exchange. Better safe than sorry. 

  • Boast more than 5 million users

  • Offers competitive trading fees of 0.4% to 0.1%

  • The exchange supports more than 120 cryptocurrencies

  • The exchange is available in over 130 countries

  • Huobi processes between 500 million trades to 2 billion trades per day

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  • Binance has more than 12 million active daily users

  • Trading fees on the exchange are among the lowest in the industry at 0.1% to 0.2%

  • Offers a variety of cryptocurrencies to traders of over 190 cryptos

  • Traders from over 180 countries can access Binance

  • The exchange processes between 10 billion and 12 billion trades per day

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  • Kraken has more than 2.2 million registered users

  • The trading fee charged on the exchange ranges from 0.42% to 0.1%

  • Supports 30 different types of cryptocurrencies

  • Kraken is accessible to users from more than 180 countries

  • Daily trading volume ranges from 100 million to 300 million​​

Details

​Highly TRUSTED

by www.consulting24.co

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.

Investors who had invested in the token have seen impressive results with the BNB token growing from its ICO price of $0.1 to $15. At some point, the token hit a high of $39.57, and this is an incredible return of $16000%-39000%. The exchange supports more than 180 cryptocurrencies and boasts more than 12 million active users per day and over 26 million visits per month.

  • Trusted exchange with over 20 million users

  • Binance processes between 10-12 billion trades per day

  • The exchange charges low trading fees at 0.1% to 0.2%

  • OTC Binance supports execution of large volume block trades

  • It has a native token (BNB) with traders using the token receiving a 25% discount on trading fees

  • Holds more than 320,000 bitcoins of users

  • More than 180 cryptocurrencies supported

  • Users can purchase BTC through credit/debit card and SEPA transfer. SAFU funds act as insurance for users' funds in the event of a hack

  • Staking rewards for over 23 different types of cryptos​

  • The exchange was hacked, and BTC worth 40 billion but the damage was covered from SAFU funds

  • Doesn’t support fiat withdrawals and deposits

​Highly TRUSTED

by www.consulting24.co

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.

The exchange processes around 2-5 billion trades every day. It has partner companies and subsidiaries in other countries such as the US, Japan, Gibraltar, and Thailand, with over 1,300 employees.

  • Has more than 5 million users

  • The exchange supports more than 235 different currencies

  • The exchange is available in over 130 countries

  • Daily trading volume ranges between 2-5 billion

  • Holds more than 420,000 user’s bitcoin

  • Has OTC Huobi  which supports conversion of up to 27 fiat currencies to cryptocurrency

  • When traders use the Huobi Token (HT), they receive a discount on trading fees

  • Robust liquidity for several cryptocurrencies​​

  • Trading fees are relatively high compared to the industry average at 0.4% to 0.03%. Every asset is subject to a 0.2% trade fee for all users.

  • Daily withdrawals allowed upto $2,000 for level 1 verified traders only.

  • Monthly withdrawal limit of $10,000

  • Doesn’t offer staking rewards

  • Accused of providing false trading volumes.  

​Highly TRUSTED

by www.consulting24.co

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.

  • High liquidity and buy limits 
     

  • Safest Bitcoin exchange.

  • Highly respected exchange.

  • Marginal trades are available. 

  • The minimum trading amount and withdrawal fees differ for every cryptocurrency.   

  • Support over 180 countries

  • Offers trading in over 34 different cryptocurrencies 

  • 100 - 300 million daily trading volume

  • A safe and secure Bitcoin trading platform.

  • Five fiat currencies are available 

  • Over 30+ trading pairs 

  • Trading charges for makers and takers are different – 0.16% and 0.26%, respectively. 

  • No withdrawal limits.

  • Fund processing takes 1-5 business days.

  • Kraken OTC

  • Limited options for payment are available for trading.

  • INR not supported for trade

  • Mostly suitable for professionals.

  • Slow service for customer support. 

  • Lengthy 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

Interested in knowing what bitcoins are? Bitcoin is the world’s leading cryptocurrency in terms of market capitalization. It is the first-ever created digital currency launched in 2009, and it allows faster user-to-user transactions than regular bank transfers. The founder of Bitcoin is Satoshi Nakamoto whos identity to date has remained anonymous.

Bitcoin is a digital currency that is not governed by any central authority. When sending or receiving BTC, one does not need an intermediary like a bank or payment provider. During transactions, local BTC is created, and then they are traded and distributed through decentralized ledgers or blockchains. Transactions are recorded and confirmed by blockchains.

Local Bitcoins have grown in popularity across the world and have been inspirational for various hosts in the blockchain space. They are stored in digital wallets that hold addresses from all the users that one has received or sent BTC to.  Since the launch of BTC, other cryptocurrencies with different specifications and serving different functions have sprung up and are often referred to as "altcoins.
If you are interested to learn about cryptocurrency, check What is Bitcoin?, Buy Bitcoin or What does Bitcoin mean?

​Some Interesting Facts About Local Bitcoins:

 

  • Bitcoin was the first-ever created Crypto in 2009

  • It is the godfather of cryptocurrencies first mined by Japanese National Satoshi Nakamoto

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

  • The bitcoin blockchain network is decentralized, and no one owns it

  • Bitcoin trading follows a triple book-entry system.

  • The aggregate value of all Bitcoins is around $100 billion.

  • The bitcoin network is open source which can easily and quickly be accessed by anyone

  • Bitcoins are highly speculative and volatile

  • Traders can trade bitcoins in their portfolio with concerning actual coins

  • One can use Bitcoins as a currency for payment of goods and services or through direct BTC purchase but can also be used as a commodity.

  • Access to Bitcoin is not limited to anyone as anyone with a computer can mine bitcoins

Workings of regular money system

When sending money on the regular money system, you have to involve an intermediary, in this case, a bank or a payment provider. If you want to send, let's say EUR or USD, you will need a bank to facilitate and complete the transaction. There is a lot of paperwork involved in confirming and verifying transaction details, making the process lengthy and cumbersome. Usually, a central authority will control the flow of money, and at any instance, the central bank can choose to print and circulate more money to the system.

How the bitcoin blockchain works

However, with the bitcoinblockchain system, transactions are fast because they only involve users, and there is no third-party intermediary involved. Transactions are confirmed and recorded by computers in a process called bitcoin mining. Since it is a decentralized system, there is no government or central bank that reigns authority over bitcoin. Transactions can take one minute to an hour compared to the regular system, where confirmation can take at least three days. Mist importantly, more Bitcoins cannot be issued or printed into the system as the number of BTC is already capped at 21 million.

Risks Associated With Bitcoin

Price Fluctuation

Cryptocurrencies are risky and highly volatile since their prices tend to go up and down suddenly. Unlike in a regular system where the value of the currency is vouched for by the central authority, in Crypto, it is a market activity that determines the value of cryptocurrency. Prices can fall suddenly and render cryptocurrencies worthless. For instance, BTC has previously dropped over $1000 in just an hour. Therefore you should consider investing what you can afford to lose.

Rampant Hacking Of Crypto Wallets

There are widespread cases of hacking and cyber theft where hackers target users' crypto wallets and exchanges. Several scammers on the internet targeting unsuspecting investors and defrauding them and get away with their BTC. You should not share your account access and private keys to protect your wallet. You can set up two-step verification with SMS, Google authentication, or email to ensure your BTC's safety always stores the keys and passwords in an offline device.

Exploitative Transaction Fees

It is essential to beware of providers that charge hefty transaction fees when transacting or trading bitcoin. There are fees involved in the back and forth between cryptos and other currencies and when making transfers to digital wallets. Beware of unscrupulous providers that will sell BTC at ridiculous prices relative to the current market prices. Always check the fees levied when doing BTC transactions.

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. 
 

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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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