What is the best place to buy Bitcoin in 2022?
Since its launch in 2009, Bitcoin has established itself as the world's largest cryptocurrency by market capitalization. Not only Bitcoin is the first decentralized crypto, but also one of the most popular coins that dominate the markets all over the world.
Even though Bitcoin had some ups and downs in terms of price (in general, prices of all crypto coins are highly volatile), many investors are still buying and trading with the coin. Because of that, you can purchase Bitcoin on pretty much any crypto exchange on the market.
But if you were wondering where to buy bitcoin safely, keep reading. In this article, we will show you what are the top 5 places to check, if you want to buy bitcoin safely.
Where to buy bitcoin in 2022?
- eToro
- Coinbase
- Robinhood
- Crypto.com
- Binance
Here is a bit more about each platform:
eToro is one of the best places to buy Bitcoin safely
eToro is the leading platform for trading that comes with various tools that can help you invest in capital markets. Users have various currencies to trade with on the eToro, and a holistic approach offers a chance to withdraw money instantly, without fees. The platform is the fastest, safest and easiest option to buy Bitcoin.
As of September 2021, eToro has 24.8 million registered accounts and 2.14 million financed accounts in over 100 countries. The company is considered one of the most innovative finance companies in the world.
If you want to buy eToro, you should know that you can deposit as little as $10 to your account. Additionally, you can deposit your money using various payment options – credit card, debit card, bank transaction, PayPal are some of them. eToro is one of the rare platforms that offer PayPal as a payment option.
One of the best assets on eToro is the Copy Trader asset, which allows users to replicate moves of other, more successful traders. eToro is more than a trading company – it comes with many portfolios that teach users how to act in the fast-growing market of cryptocurrencies. It also has a social platform where users can share their trading journey.
Coinbase is an excellent place to buy Bitcoin
Coinbase is one of the most known companies for the crypto trade in the world. The company was founded in 2012 with the idea that anyone can trade with bitcoins, no matter the location. Currently, Coinbase has over 73 million active users all over the world.
On Coinbase, users can invest in various cryptocurrencies, not just Bitcoin, and conduct exchanges smoothly. The platform also comes with a built-in wallet that gives the option to store your coins into a secure digital wallet, so you do not have to rely on third-party service providers.
The wallet is available on a mobile app that users can download for both Android and iOs. You can buy Bitcoin at Coinbase for $2 per transaction, and there are no minimum deposit requirements. However, charges of $0.5 per transaction are high. Just like eToro, on Coinbase there are various payment options at your disposal.
RobinHood is one of the platforms with the lowest fees on the market
After the official launch, Robinhood established itself as the platform with the lowest fees on the market. That was their main competitive advantage - not charging commissions for stocks, options, and cryptocurrency trading made the company famous in the crypto trading world. However, soon after that, other companies also started eliminating commissions.
But no matter that, Robinhood has found its place as a favourite platform for trading among young, tech-savvy investors. The main reason is the platform's clean design and user experience that focuses on the basics.
Not that long ago, the broker added cash management services and a recurring investment feature. From 2021 all users can also participate in the company's public offerings. They are still one of the platforms with the lowest costs, and you can buy Bitcoin with no commissions! Also, there is no minimum amount of money required for investments.
Crypto.com is one of the fastest-growing crypto exchanges in the world
The company was founded in 2016 in Hong Kong, but their headquarter is now in Singapore. As of now, Crypto.com has 10 million users all over the world and is present in more than 90 countries.
The platform is suitable for beginners and advanced traders who can trade with around 250 cryptos coins. Similar to Coinbase, Crypto.com has a wallet but, unlike other platforms, and a cryptocurrency credit card.
Some of the advantages of this platform include discounts on prices and competitive fees. Their fees go to $0.4 with the various discounts available. The commissions decrease with the increase of the user's trading volume.
The best thing about crypto.com is that you can buy Bitcoin from a mobile app available for iOs and Android. The app is straightforward to use, and you shouldn't be facing any issues even if you are a beginner.
Binance is a good platform to buy Bitcoin
Since its founding in 2016, Binance has grown into one of the largest crypto exchanges in the world. On Binance, users can trade with more than 50 cryptocurrencies, including platforms cryptocurrency BNB. According to experts, users invest more than $20 billion per day on Binance.
Binance is also one of the platforms with the largest trading volume. The trading fees on this platform are among the lowest in the market. Also, there are various payment and withdrawal options available. Their native currency and technology is widely used as a base trading pair for NFT Games and other NFTs.
Binance also has an app that is perfect for those who want to trade from their phones but note that the Binance interface is suitable for experts. Beginners will have a hard time trading until they get used to the different menu options and charts.
To wrap up
Bitcoin is a highly popular crypto coin, and you can buy it on various exchanges on the market. All of them have some similarities but also differences when compared to each other. That is why you should pick the one that suits your needs the best.
These five mentioned platforms are among the best places to buy Bitcoin safely, so make sure you try them out.
- Use eToro if you want a platform with powerful assets and tools
- Choose Coinbase if you want a platform with a built-in wallet
- Go for Robinhood if you wish to buy Bitcoin commission-free
- Choose Crypto.com if you plan to purchase a heap of Bitcoins
- Buy Bitcoin on Binance if you want a platform created for experts
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