Bitcoin is the first ever cryptocurrency in existence. It’s also the most popular and well supported out of all the digital currencies.
Here are the best ways to buy Bitcoin.
Overall Best: Coinbase
Coinbase is the largest and most popular Bitcoin platform in the United States. It offers both an exchange and a wallet in one, making it one of the easiest places to start with Bitcoin.
When you sign up and link your bank account, you can simply transfer funds in and out of your account and exchange them to Bitcoin and back to dollars if you want. Coinbase charges an inconstant percentage fee of one percent for U.S. transactions from a bank account or the Coinbase USD wallet. Buying with a credit or debit card increase the fees to 2.49 percent.
The Coinbase wallet is very safe, accessed through the Web app or mobile app. They also use two-factor authentication and keeps digital and paper backups of data in the safe deposit boxes and vaults around the world. Also, cash balances are insured up to $250,000 contrary to robbery or a breach in online storage.
Best for Low Cost: Robinhood
Robinhood started as a stock brokerage and lately extended into the world of digital currencies. The best part about Robinhood, there is no fees. Since February 2018, Robinhood supports Bitcoin and Ethereum trades and market data for additional 15 currencies.
Best for Flexibility: Square Cash
The Cash app is by now great for sending money to family and friends for free (similar to Venmo). But addition of free Bitcoin buying and selling places the Cash app in the top places to buy Bitcoin.
The Cash app is created by Square which is a company that makes mobile credit card readers. Square is a massive financial technology firm that comprises many other services. Bitcoin is just a small portion of what they do with no fees.
Best for Low Rates in Other Currencies: Binance
Binance supports a wide variety of digital currencies, including Bitcoin, Ethereum and its own Binance Coin (BNB). Binance charges a very low fee of just 0.1% for transactions. If you want to go far beyond the most popular digital currency, Binance is your best option.