Are you looking for the best places to buy cryptocurrency?
There are many places where you can buy cryptocurrency. Some popular options include cryptocurrency exchanges, peer-to-peer marketplaces, and ATMs.
This article will help you find the best options to go for when it comes to buying cryptocurrency. Since it’s important that you also do your background check before you go for an option, this article will also give you some basic information.
Best Places to Buy Cryptocurrency
1. Cryptocurrency Exchange
Cryptocurrency exchanges are online platforms where you can buy and sell cryptocurrencies using fiat money (e.g., USD, EUR) or other cryptocurrencies. Some popular exchanges with good crypto rates include SnappyExchange, Coinbase, Binance, and Kraken. Each of these exchanges also offers differing funding methods, trading pairs, and fee structures. Some Cryptocurrency exchange companies include:
SnappyExchange
SnappyExchange is one of the most trusted website to buy cryptocurrency in Nigeria. You can buy different cryptocurrencies ranging from Bitcoin, Ethereum and more.
SnappyExchange allows you buy cryptocurrency on their website and also when you download their mobile app.
To get started on SnappyExchange, all you need to do is download the SnappyExchange App on your iOS or play store and sign up.
Verify your email and then you can start buying cryptocurrencies as you want.
Website: SnappyExchange.com
Coinbase
Coinbase is a company that operates a cryptocurrency exchange platform. It was founded by Brian Armstrong and Fred Ehrsam in 2012. It is the largest cryptocurrency exchange in the United States by trading volume.
Coinbase is one of the largest cryptocurrency exchanges in the world and one of the best reputations for security.
To use Coinbase, it is necessary that you validate your phone number by entering a code they send you through a text message.
For security reasons (to make sure your account remains secure), Coinbase has a mandatory two-factor authentication (2FA) on your account. If you ever delete your Coinbase account, you can request the information you gave to Coinbase while registering. You can also request that your information be deleted from the Coinbase servers. Coinbase gets extra points for properly handling and discarding users’ personal information. So, be sure that your information is safe with them. It is one of the best places to buy cryptocurrency.
Gemini
Gemini is one of the safest and best places to buy cryptocurrency. It is a New York cryptocurrency company that was the first to complete a SOC 1 Type 2 exam, and SOC 2 Type 2 exam.
SOC 1 evaluates the design and implementation of Gemini’s financial operations and reporting controls, while SOC 2 evaluates the design and implementation of its security, availability, and confidentiality controls.
The site also uses very common personal security measures including two-factor authentication (2FA) and hardware security keys. It is one of the best places to buy cryptocurrency.
Website: Gemini.com
Kraken
Just like Gemini, Kraken is also secure to buy cryptocurrency. Kraken makes it easy to buy and sell crypto using your mobile apps. They have been in operation since 2011 and have never recorded any hacks.
Kraken also offers two-factor authentication (2FA). Kraken keeps 95% of deposits in offline, air-gapped storage while keeping full reserves so they can accommodate withdrawals at any time.
To get started with Kraken, you have to first create a free account, connect your funding account and you can begin to trade over 100 cryptocurrencies.
Website: kraken.com
Coinspot
Coinspot is one of the best places to buy cryptocurrency. It is also a safe place to trade cryptocurrency, it is an Australian company.
Before you’re able to buy cryptocurrency on Coinspot, you’ll have to go through some verification process.
It uses a multi-cryptocurrency wallet system meaning they provide a wallet for each and every crypto asset they offer and use bank-level security to reduce the risk of a hack. CoinSpot also offers 2FA which requires users to sign off on transactions using their phone as an extra layer of security.
Website: coinspot.com.au
Crypto.com
Crypto.com is also one of the best places to buy cryptocurrency. It offers over 200 cryptocurrencies that you can choose from.
They have higher trading fees but one important thing is that their cybersecurity is highly rated. If you take advantage of the Utility Token Cronos to pay fees, you have access to other benefits.
Kukoin
KuCoin provides access to a wide library of altcoins at reasonable fees. Funds kept on the platform are not insured. They accept credit cards and debit cards and offer volume discounts on fees. It is one of the best places to buy cryptocurrency but might not be the safest.
2. Peer-to-peer marketplaces
Peer-to-peer marketplaces are online platforms that allow you to buy and sell cryptocurrency directly with other users. These platforms typically offer more payment options and may be able to facilitate transactions in a wider range of countries. Examples of peer-to-peer marketplaces include LocalBitcoins and Paxful.
LocalBitcoins
LocalBitcoins is a peer-to-peer (P2P) bitcoin exchange platform. LocalBitcoins offers a range of payment methods, including bank transfers, cash deposits, and online payment services, making it easy for users to purchase bitcoin.
On LocalBitcoins, users can search for and find other users in their local area who are willing to sell bitcoin, and then complete the transaction directly with each other. LocalBitcoins acts as an intermediary, facilitating the exchange of bitcoin between buyers and sellers and providing security measures such as escrow services and reputation ratings to help protect users.
Website: Localbitcoins.com
Paxful
Paxful is a peer-to-peer (P2P) marketplace that allows users to buy and sell bitcoin and other cryptocurrencies. It was founded in 2015 and its headquarters is located in New York City. Paxful offers a range of payment methods, including bank transfers, credit and debit cards, gift cards, and other online payment methods, making it easy for users to purchase bitcoin and other cryptocurrencies.
On Paxful, users can buy and sell bitcoin and other cryptocurrencies with each other directly, rather than going through a traditional exchange. This means that prices on Paxful may be different from those on other exchanges, as they are determined by individual buyers and sellers rather than a central authority.
Website: Paxful.com
3. Cryptocurrency ATMs
Cryptocurrency ATMs are physical machines that allow you to buy and sell cryptocurrency using cash. You can find a cryptocurrency ATM near you by using a website or app that tracks the locations of ATMs, such as CoinATMRadar or Bitcoin ATM Map.
CoinATMRadar
CoinATMRadar is a website and mobile app that helps users find bitcoin ATMs (BTMs) in their local area. Bitcoin ATMs are machines that allow users to buy and sell bitcoin and other cryptocurrencies using cash or a debit card. CoinATMRadar allows users to search for bitcoin ATMs by location, type of machine (buy or sell), and the cryptocurrency that is supported.
CoinATMRadar provides information about the fees, limits, and other details for each bitcoin ATM listed on the platform. It also includes reviews and ratings from other users, as well as the option to report any issues or problems with a specific BTM.
Using a bitcoin ATM can be a convenient way to buy or sell bitcoin and other cryptocurrencies, especially for users who do not have access to traditional banking services or online exchanges. However, it is important to be aware that bitcoin ATMs may charge higher fees than other methods of buying and selling bitcoin.
Bitcoin ATM Map
A Bitcoin ATM is a machine that allows you to buy or sell Bitcoin using cash or a debit card. Some Bitcoin ATMs also allow you to sell Bitcoin and receive cash in return.
There are a number of websites and apps that provide maps and listings of Bitcoin ATMs around the world. You can use these maps to find a Bitcoin ATM near you. To use a Bitcoin ATM, you will need a Bitcoin wallet, which is a software application that allows you to store, send, and receive Bitcoin. You can create a Bitcoin wallet using a variety of different software programs or online services. Once you have a wallet, you can use it to generate a unique Bitcoin address, which you can then use to buy or sell Bitcoin at a Bitcoin ATM.
Conclusion
It’s important to carefully research and compare the fees, security measures, and reputation of any platform you’re considering using to buy cryptocurrency. Some platforms may not be reliable or may charge high fees, so it’s important to do your in-depth before committing to a purchase.
Nevertheless, we have listed the best places to buy cryptocurrency in this article. Now it’s time to explore!
