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When it comes to finding the best bitcoin exchange things are not so easy. Why is this so? Simply because many of the best sites to buy bitcoin are quite recently online. This means that they have had little to publicize their services and products. Most of the people who come to this page will wonder how to buy bitcoin online through a secure medium. Well, here is a good starting point. Let's see how.
First thing to keep in mind when searching for the top bitcoin exchange is how secure are the website and server. This comes down to asking: is it a trusting exchange that provides transparent data of coins in cold storage (more on this later) and the customers are happy? It is also good to keep track of which currency pairs are available: are you looking to trade bitcoin for USD, Euros or other fiat currencies. The location usually gives an idea of what is on offer. However, larger bitcoin sites generally have many options for buying bitcoin with currency and altcoins issued by the government.
The great complexity of investigating where to trade bitcoin led me to make this blog. Although you should always do your own research before investing, I hope this helps. Below is the table of the best exchanges to buy bitcoin online. If you are new to cryptocudence exchanges, look for the "beginner-friendly" column.
Safe exchanges that are reliable and have good user ratings will rank higher than their peers. Additional points are given for sites to buy bitcoin with paypal, as many users request this feature. The ranking preference is also given for sites to buy bitcoin by credit card. Check out each option on the next bitcoin trading list better. Be sure to bookmark this page for future reference.
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How to buy bitcoin using this list of exchanges?
Hopefully the list of previous exchanges bitcoin will be of good use for how to trade bitcoins. Each highlighted site must have detailed instructions. From here, one can easily find out how to buy bitcoin with credit card, paypal, cash, bank transfers. Once you have some coins, then it is a good idea to store it online (not on an exchange). For cold storage, take a look at the list of available wallets. When you want to buy or sell it is safer just to transfer in and out of your "cool" wallet to the "hot" online exchange. Remember that as long as the keys of an offline wallet have not been compromised, then those coins can not be taken.
What is the best place to buy bitcoin in the above list?
It is a difficult question in my opinion. Each will have a positive side compared to others. Check out a few and search the forums to see what users are saying about the service rendered, and they think they are the best sites to buy bitcoin easily. Localbitcoins.com is an exchange of p2p bitcoin really great for beginners who want to buy it for the first time. The service is worldwide, which means you can use euros, pounds, yen, australian dollars, swiss francs, canadian dollars, krona, rubles, lire, rupees and so on. If you pay for physical money, then you can meet the person in real life. Alternatively, you can make a quick bank transfer and the site will have your coins in escrow for you once it passes. Obviously there are simpler ways to start. Some want to buy with PayPal, but not many of the major exchanges bitcoin accept this because of chargebacks.
What are the biggest exchanges?
Generally, the largest bitcoin exchanges will be at the top of the previous list. For example, OkCoin, GDAX, Btc-e, Coinbase (also the best bitcoin usd exchange) represent large volume ratios. The daily volume varies, and therefore the world's largest change varies each day. Go to bitcoinaverage (btc usd) for a good list of all the top bitcoin swap site and their proportional volumes. Some find this practical for arbitrage between markets.
What about the best cryptocudence exchange?
Unfortunately, with the disappearance of Cryptsy there is a need for a major new change of first-class cryptocurrence (aka altcoins). Having many mid-sized crypto-exchange sites is a better situation than having a great incredible option. Poloniex is the incredible great choice. It's a really good platform and the user interface has gone through a complete redesign. Things feel smooth when using Poloniex. All large and small trading pairs are offered and it is now possible to do margin trading for crypto-conductivity in major altcoins. This is a cool feature, but use it with caution as the leveraged trade has some risk factor. Keep in mind that some of the best bitcoin trading sites also do altcoins. HitBTC, Bittrex and CEX, are excellent options that are worth checking out. Some even offer short sale on major currencies. You may also want to check the market capitalizations and compare them with others that appear on it.
Where to find the safest bitcoin exchange?
This is an important question to ask. Yes, putting the trusted bitcoin exchange words in the same sentence seems like an oxymoron, especially when remembering the brilliant days of MtGox (aka Empty-Gox). While the bitcoin protocol has never been hacked, many peripheral businesses have it. Perhaps the best question would be: what are the less secure bitcoin exchanges. Generally, the listings listed here are optimal and reputable, but please proceed with caution. Remember that you should never leave more btc online than you can afford to lose.
Please go back to my blog and rate which of the best sites you chose to buy online. This helps future visitors immensely.
For an in-depth discussion: listen to Andreas Antonopoulos on the LetsTalkBitcoin podcast and take a look at r / btc.
The best bitcoin exchanges in 2016:
Quotation
Coinbase combines an attractive interface, a great site to get bitcoins with a debit card, and multiple online wallets for your digital currency. Over 4,800,000 registered users, including 45,000 merchants, and 9,000 developer applications. It works well for European, American and Canadian customers.
Pros
Cursed easy to use
Many long-time clients
Online wallet available
Cons
Slightly more work needed to verify the account
Localbitcoins
Localbitcoins is quite popular for p2p transactions (person to person) around the world. In short, interact directly with the man who sells you. Of all the bitcoin sites listed here, this is one of the earliest and most reputed sites. Escrow and conflict resolution is provided by the site.
Pros
A great way to meet people
PayPal also available
No verification required
Popular in most countries
Cons
It may take longer to complete the transaction
Risks associated with anonymous transactions
Some bank accounts have been suspended after receiving money
Bitstamp
Bitstamp are large in Europe and operate outside the UK. Good volumes are available for larger shops. Well received by people who use SEPA and cards.
Pros
Purchase of available card (visa mastercard)
HQ Located in London
Good for large transactions
Cons
Not available for many countries
Kraken
Kraken is becoming a reputed bitcoin agent, with many markets served. Europeans love as much as Americans because they work well through SEPA, have an easy verification process and are very knowledgeable when it comes to cryptography.
Pros
Cryptographic communications
Cheaper rates
Works well for Europeans and North America
Cons
The site is not visually intuitive
CoinATMradar
CoinATMradar provides a global map of bitcoin ATMs. This allows you to use cash to buy in person on a physical machine. This is one of the most underestimated means of purchase without ID verification, and allows users to remain anonymous with more than 869 ATMs on all continents.
Pros
Find the bitcoin locations near you
No identification needed in some cases
Explain how a bitcoin atm works
Cons
It is not always possible to find a machine nearby
You will have to leave your house!
Clumsy
Paxful get over 2 million monthly visits, with 50% coming from the US. It's a peer to peer Bitcoin market that connects buyers with sellers similar to the previous one. More than 150 payment methods can be used. Awesome.
Pros
Hundreds of payment methods
P2p (person to person)
Cons
Higher rates than elsewhere
Bitsquare
Bitsquare is not to be missed for the more technically advanced. A decentralized p2p platform that keeps you super safe. More than 60 crypocurrencies can be negotiated and can even purcahse btc using a bank transfer, escrow, and trusted third party.
Pros
Incredibly advanced (technologically)
P2p And decentralized
Trustee trust system for bank transfers
Cons
Advanced level of IT understanding required
GDAX
GDAX is ideal for technical traders and offers good liquidity. Deposits are in USD and can be processed as quickly as withdrawals. Aslo happens to be the best ethereal exchange for serious players in this space.
Pros
An integral part of the trusted Coinbase brand
Optimized to be a serious trading site
Cons
More ID processing steps than on Chinese commercial platforms
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