Buying Bitcoin is quite a tricky process and requires a lot of in-depth searches before one can proceed to make the final deal. There are thousands of portals that offer Bitcoin to users, but few of them are legitimate in this regards. Today we hereby discuss 10 of the best genuine places or portals from where purchasing of Bitcoin is easy and requires less sweating.
The sites stated below are very much authenticated and are regularly monitored by the government for any fraudulent activities.
10 Best Genuine Places to Buy Bitcoin
1. Coinmama
Coinmama is considered to be one of the best places to buy Bitcoin. According to data availability, the company has managed to have a customer base of around 200,000 and is well known for selling both Bitcoin and Ethereum. One needs to be a verified user before being able to purchase from this site. The site deals in BTC, ETC, ETH, LTC, BCH, QTUM, ADA etc. With trading fees of 5.90%, you can use your cash, Credit and debit card as well as Debit SEPA Bank Transfer for the transaction.
2. Coinbase
This legitimate platform from San Francisco, California since its inception in the year 2012 has gained much popularity among its users around the globe. Coinbase today serves around 33 countries in total and is considered to be the largest and one of the best Bitcoin broker in the world. The company offers different payment methods for its customers to buy Bitcoin. You can use SEPA transfer, credit or debit card to do the transaction. Coinbase charges a minimal fee of 3.75% from its customer per transaction with the credit card being the most popular mode of payment by its customers.
3. GDAX
GDAX now known as Coinbase Pro is the brainchild of the management group of Coinbase. Since the lunch on the site in the year 2015 it has been constantly creating a buzz among the worldwide users and is listed in the preference list of many advance and intermediate traders. This site is one of the best and valid places to buy Bitcoin. The company generally deals in Bitcoin, Litecoin, and Ethereum. USD and EUR are used for trading along with the availability of BTC and GBP. Here the maker fee is 0% whereas the taker fee is up to 0.25%.
4. Localbitcoins
This well-known site is one of the largest people to a person or P2P exchange. This site help to match those who are interested in buying or selling Bitcoins. Cash deposit is the best means of payment. The site also offers PayPal and bank transfer methods as well. The site is a true user-friendly by nature and holds the fund is escrow until trades are completed. This is for the safety of the transaction. The site comes with an excellent customer support system.
5. Kraken
A large volume of buyers from European and North America prefers the site of Kraken. It offers a deep liquidity. Kraken being one of the leading cryptocurrency trading platforms operating in Canada is another well know place from where traders can buy Bitcoin without any hassle. The site has a good reputation of being reliable and provides a quality security to transactions and funds of its traders. Other than Bitcoin the site deals in Altcoins and Ethereum as well. The taker’s fee is 0.26% and the maker fee is 0.16%.
Read more: Kraken vs Bitstamp Exchange Comparison
6. Gemini
Gemini is a legitimate New York-based exchange that was founded in the year 2014 by the Winklevoss twins. It is another secure place for buying Bitcoins amongst the others. The users are allowed to withdraw and deposit directly to and from their bank accounts. The site has its operation spread all around the globe starting from America, UK, Canada, Singapore South Korea, and others. The company offers the system of auctions twice a day, where different cryptocurrencies are traded within a stipulated time frame. The platform offers only a credit card and bank transfer.
7. Bitstamp
When it comes to reliability and safety in buying cryptocurrencies, one of the names that come to mind is obviously Bitstamp. The inception of Bitstamp dates back in 2011 when Nejc Kodric and Damijan Merlak founded the company in Slovenia. The company supports all major basic cryptocurrencies such as Bitcoin, Litecoin, Ripple, and Ethereum. Buying of cryptocurrencies is supported by Fiat currencies. These include Chinese Yuan, Russian Ruble, and US Dollars along with Euros. Credit card and bank transfer are few of the basic payment method used here. Bitstamp charges very minimal and low fees for trading.
8. Paxful
This is a very simple and extremely fast site where one need to have a PayPal account in order to purchase Bitcoin. The availability of Amazon gift cards, OneVanilla, BestBuy, GameStop, and Walmart are also there along with Google Wallet. It supports fiat currencies like AUD, USD, GBP, CAD, and 50 plus variants. For sellers here the trading fee is 1% whereas to the buyers it is none. It offers no deposit and withdrawal fees.
9. Poloniex
This is one of the best known crypto-to-crypto exchanges around the globe which does not support fiat currency trading by any means. It is one of the safest and secure places to buy Bitcoin. With its base in the United States, trading fees are nominal flat at 0.25% and deposit and withdrawal fees are subject and in relation to the blockchain’s specific minimum transaction fee. Creating an account in this platform is very easy and hassle-free as it lacks any specific regulations.
10. Binance
Binance is one of the best places where you can buy Bitcoins. The portal came into the very existence in the year 2017 originating from China. The platform does offer very low fees in comparison to its rival business houses. They have different variants of cryptos including Bitcoin with a high volume of trading, but a portal of Binance does not support Fiat trading in short and no availability of Fiat deposition or withdrawal.