Highly TRUSTED
Highly TRUSTED
Highly TRUSTED
What is Bitcoin?
Bitcoin (₿) also known as BTC was the first digital asset in the world produced by Satoshi Nakamoto in 2009. It started from a whitepaper called “Bitcoin: A Peer-to-Peer Electronic Cash System.” It is an electronic payment system that can eliminate the need for central banks while ensuring security and verification in transactions. The first bitcoin currency transaction happened between Nakamoto and the late Hal Finney. Now it is known as one of the technological marvel and volatile digital asset in the world.
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Find the best exchange to buy Bitcoin today.
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Bitcoin a buy - find the lowest prices for the Bitcoin.
Compare the top 3 most trusted exchange fees and payment methods.
Binance
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Lowest trading fees ranging from 0.1% to 0.2%
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The exchange is supported in over 190 countries
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25% discount on fees for using BNB
Huobi
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Trading fees range between 0.4% and 0.1%
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Supports debit/credit card and SEPA purchases of Bitcoin
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Available to traders from over 130 countries
Kraken
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Trading fees at Kraken range between 0.4% and 0.1%
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Debit/credit card and SEPA purchases allowed
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Kraken is supported in over 190 countries
Highly TRUSTED
Binance is the largest exchange globally in trading volume, and it supports trading of a wide range of cryptocurrencies. Changpeng Zhao founded the exchange in China in 2017. Binance is a platform where traders can consider Bitcoin a buy. It also offers users secure cryptocurrency wallets where they can keep their funds safe.
The exchange support processes daily trades of around 10 billion to 12 billion, and it boasts more than 12 million active users per day. Binance supports several cryptocurrencies up to 180. The BNB native token has risen from the ICO price of $1.52 to around $15, a return of over 16000%.
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Low trading fees ranging from 0.1% to 0.2%
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25% discount for using native BNB token
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Wide variety of cryptocurrencies supported up to 180+
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Most trusted crypto trading platform with over 20 million users
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Daily trades are around 10-12 billion
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The exchange holds 320,000 users BTC
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Supports staking rewards from up to 23 cryptocurrencies
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Rewards for NEO holders
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Users can buy bitcoin with credit/debit cards
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SAFU funds act as insurance against theft and hacking
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The high processing speed of up to 1.4 million orders in every second
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The exchange was hacked and $40 million worth of bitcoin stolen
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Binance doesn’t have a long success record
Highly TRUSTED
Former Oracle computer engineer Leon Lin established Huobi Global in China in 2013. In 2014, Huobi secured a venture investment from several investors that included Sequoia Capital. The exchange has grown and has partner and subsidiary companies in 12 other countries with around 1,300 staff.
In 2017, Huobi relocated its headquarters to Singapore after authorities in China cracked down on crypto exchanges. Currently, the exchange boasts over 5 million users and processes between 2 billion and 5 billion trades per day. The native token, Huobi Token (HT), has performed exceptionally rising from ICO price of $1.52 to over $4.
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2-5 billion trades per day
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Over 190 cryptocurrencies supported
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Huobi has more than 5 million users
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Excellent prices and high liquidity
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Customer support accessible in two languages
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Users can enjoy high volatility live trading
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OTC Huobi
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Compatible with most devices
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Offers derivative trading that includes Futures and Swap markets
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Support Margin trading and also Margin funding
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User Protection Fund that acts as insurance to users' funds
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Charge 0.2% trading fee on all assets
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Daily withdrawal cap $2,000 and $10,000 per month
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Doesn’t support wire transfer purchases
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Debit/credit card deposits charged 8%
Highly TRUSTED
The development of Kraken exchange began in 2011 and finalized two years later with the exchange launching in 2013. Initially, the exchange was offering euro, bitcoin, and Litecoin before other cryptocurrencies were included then. Kraken secured a Series A investment of $5 million in 2014 from Hummingbird Ventures and other investors that included the Bitcoin Opportunity Fund.
Kraken is currently available in over 180 countries across four continents. The exchange also offers margin trading with leverage of 5X. Over 2.2 million users on the platform can trade in around 10 different digital currencies and direct trading in pairs.
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Offers high buy limits and liquidity
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Supports margin trading
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Highly valued crypto exchange
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Daily trading volume ranges from 100 million to 300 million
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Available in more than 180 countries
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Kraken supports trading of up to 34 different cryptos
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Secure and safe bitcoin exchange
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Withdrawal and trading fees depend on the crypto type
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More than 30 trading pairs available
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Supports 5 fiat currencies
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Funds processing 1-5 business days
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There are no withdrawal caps
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Makers and takes fees 0.16% and 0.26% respectively
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Users can earn staking rewards
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SWIFT, SEPA, and Wire transfer transactions
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Few available payment options for trading
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Lengthy and complicated KYC verification process
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Customer support is very slow
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Trading fees are relatively high compared to average market fees
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INR for trade not supported
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Site ideal for experienced and professional traders
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Understanding Bitcoins
Interested in Bitcoins? Bitcoin is the first virtual currency to launch 2009 for the use of making online payments. It is the largest in terms of market cap. Satoshi Nakamoto, whose identity has been a mystery to-date, created the cryptocurrency. You can use fiat currency to buy local bitcoins. But unlike conventional currencies, Bitcoins exist in digital form and are not governed by any central authority or government.
The bitcoin blockchain is a peer-to-peer system that validates transactions. Whenever a user transacts bitcoin, the network receives new information and creates a new block. Local bitcoins are then created by mining the blocks.
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First-ever virtual to be created, and it launched in 2009
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The godfather of virtual currencies, first mined by Satoshi Nakamoto
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There can only be 21 million bitcoins to be mine
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No one owns the bitcoin blockchain
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Transactions follow a three-way book entry trading system
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The Bitcoin total value is around $100 billion
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Based on an open-source downloadable by anyone
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Bitcoin experience High price volatility
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Anybody with computer hardware can mine bitcoins
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Bitcoin blockchains verify and validate transactions
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Earn bitcoin through payments, direct purchases, and mining
To get more insight on cryptocurrency, check Buy Bitcoin, Buy Bitcoin Now Reddit or What is Bitcoin?
The Money System
The regular monetary system involves a central authority, a central bank, or government that vouches for the currency value. In this system, intermediaries are involved in facilitating the sending of money. For instance, if you want to send cash such as EUR or USD, then you will have to include a bank or payment provider to facilitate and help in confirmation of the transaction. It takes longer up to 3-7 days to confirm transactions.
Operation of Bitcoin
The bitcoin blockchain is a decentralized user-to-user system where users don’t need intermediaries to complete transactions. Transactions are verified and validated by computers on decentralized ledgers. It is faster to transact as it takes between a minute and an hour to finalize transactions. You are your bank in this system, and it is easier to track and trace transactions. The exciting part is that Bitcoins can never go beyond 21 million no more can be printed or issued
Cryptocurrency Risks
Price Variability
Bitcoin price and that of other cryptocurrencies tends to be highly volatile and can fall suddenly in a single day. It is because the price of the cryptocurrencies is determined by market sentiment. Because of this volatility, investment in bitcoins is risky, and you can lose your investment due to the sudden fall in price. Also, virtual currencies lack a track record that can help investors ascertain whether the experienced levels of volatility are atypical or typical.
Scams Run High
Several scammers and hackers are targeting crypto exchange, and users wallets to steal cryptocurrencies. Estimates state over $70 million cryptos have been stolen from various exchanges and users over the past, highlighting the security concerns of crypto. If hackers get access to a user's private and account access, they can easily wipe out their funds. It is advisable to store passwords and access keys in an offline device.
High Transaction Fees
Some providers charge exorbitant fees when buying bitcoin and when trading, which is exploitative to investors. Before considering bitcoin a buy, it is good to conduct research and compare the fees different providers are charging to avoid exploitation.