Author Topic: The Best Places to Buy Bitcoin in 2020  (Read 12 times)

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The Best Places to Buy Bitcoin in 2020
« on: September 16, 2020, 08:44:41 AM »
Encrypted digital currency (cryptocurrency) is a digital currency that is independent of the central bank and uses encryption technology to supervise the issuance and transfer of currency. The 2008 financial crisis swept the world and changed people's views on banks. The banking system is facing an unprecedented crisis of trust, and the emergence of this problem has caused people to rethink the monetary system, and digital currency came into being. In 2009, Satoshi Nakamoto published an article entitled "Bitcoin: A Peer-to-Peer Electronic Cash System", which outlined the basic system structure of Bitcoin. Subsequently, Bitcoin was born. From then on, encrypted digital currency frequently appeared in people's field of vision, and as a method of value preservation and payment, it was gradually favored by people.

You can transfer Bitcoin and use them for purchases at some rare stores on and offline. But when transacting in Bitcoin, beware of large transfer fees when going back and forth between coins and other currencies and even transferring to other digital wallets.

So, where can you buy Bitcoin?

• Coinbase:
Coinbase is the biggest and most respected Bitcoin platform in the United States. The Coinbase wallet is very can easily transfer funds in and out of your account and convert them to Bitcoin and back to dollars at will.

• Robinhood:
The best part: No fees! You can buy and sell Bitcoin and other digital currencies completely fee-free on this platform. The biggest downside is that Robinhood does not work in every state for cryptocurrency trades

• IXX ExChange
IXX ExChange  charges very low fees at just .20% for trades,.0.07%for contract.  If you want to go far beyond the most popular coins, IXX ExChange  is your best option.

• Binance:
Binance supports a wide range of digital currencies including Bitcoin, Ethereum, and its own Binance Coin (BNB). Binance charges very low fees at just .10% for trades.

• Coinmama:
Coinmama is an all-in-one exchange and digital wallet that makes it easy to buy Bitcoin and a limited list of additional currencies in U.S. Dollars or Euros.While the exchange offers great real-time transactions, it does charge higher fees than some others on this list—there's a 3.90% commission fee on buy transactions and 0.90% on sell transactions. You’ll pay an additional 5% when you use a credit or debit card

But we must understand that due to the special properties of Bitcoin, its currency value has very serious uncertainties, and Bitcoin is a currency in everyone's concept, so it is also a risk of Bitcoin. At such a high price, if you are a speculator, it is actually not an exaggeration to buy. If you are an unconventional risk-averse investor, buying Bitcoin at this time is undoubtedly too expensive, and you must consider it carefully.