The best platforms to buy cryptocurrencies are currently in the center of conversions. This is actually something people interested in this revolutionary new type of currency are looking into. Thus, it is imperative to know where to buy cryptocurrency to get started in the field. Recently, cryptocurrency platforms and applications have been flocking to the web. These are mainly focused on buying, selling, but also exchanging. This taking into account the use of the Dollar, the Euro, but also the Pound Sterling and other conventional currencies.
Talking about cryptocurrencies, currencies like Bitcoin, Ethourum, Litecoin, Dash, and many more come into play primarily. However, the process of buying crypto-currencies on the Internet is quite easy, but you must refer to the best platforms to buy them. To this end, we have identified for you in this article, the best sites on which you can carry out your operations.
The best platforms for buying cryptocurrencies
1- Coinbase
We start first in this section with the Coinbase platform. It is operational in nearly 32 countries around the world. It currently has approximately 8.3 million customers, of which just over 4.9 million are loyal after registration on the platform. Among these we can count nearly 46,000 traders, and about 10,000 developers. Coinbase is a site backed by reliable investors, and stands out as one of the best platforms to buy cryptocurrency. On the other hand, the application linked to the platform is available in the App Store and in PlayStore. It also has a simple and intuitive interface. Coinbase is especially recommended for beginners because it not only makes it easy to use, but also to buy, trade, and even store cryptocurrencies safely .
Regarding the advantages associated with this platform, we can note the ease of use, the availability of liquidity, the speed of transactions, and the support of credit cards.
2- CEX.IO
This platform present in more than 200 countries and being one of the best platforms to buy crypto-currencies, takes into account the Euro, the US Dollar, the Pound Sterling, the Russian Ruble, the Dash, the Zcash, but also the Ethereum. It should be noted that CEX.IOis one of the sites with the best liquidity rates in the field of cryptocurrency. The platform also allows payments by credit card, but also by bank transfers. It also facilitates transactions and is recommended for beginners in the sector. It is important to specify that these are generally professional traders. However, we note the possibility of selling or buying between 100 and 1000 USD in bitcoin. This site enjoys a very good reputation and a very appreciable exchange rate.
3- Kraken
Available since 2011 on the cryptocurrency market, Krakenis one of the partners of the first crypto-currency bank in the world. The platform makes it possible to buy, sell, but also to exchange fiat currencies like the US Dollar, the Canadian Dollar, the Euro, the Pound Sterling, and the Japanese Yen against crypto-currencies. Among the wide range of digital currencies supported by the site we note Bitcoin, Monero, Ethereum, Augur REP, ICONOMI, Zcash, Dogecoin, Litecoin, Ripple, Stellar, and Lumens. Kraken also stands out as the largest Euro exchange in terms of volume and liquidity. It also offers advantages such as affordable transaction fees, revised withdrawal and deposit rates for traders, an excellent level of security, and a simplified verification process.
4- Localbitcoins
Localbitcoins is also one of the best platforms for buying cryptocurrencies, and has the particularity of charging the modest commission of 1% from sellers. This platform is present in about 248 countries around the world. On the other hand, it is the leading platform for P2P Bitcoin exchange, having buyers and sellers in thousands of cities around the world. Regarding the payment methods, they are functions of each country, with the exception of certain regions for which PayPal, Skrill, Dwolla and many other servicesare supported. Localbitcoins has a conflict resolution team between sellers and buyers, but also a support team. One of the main advantages of the platform is the possibility of physically meeting sellers and buyers. This is for people who fear being scammed.
5- Poloniex
Having recorded a traffic of 7 million Internet users in February 2017, rising to 30 million visitors in May 2017, Poloniex is to date one of the best platforms for buying crypto-currencies. This website allows the exchange of cryptocurrencies with a high volume and a highly secure environment. Poloniex also provides experienced traders with a set of optimized tools, as well as data analysis tools. In addition, the platform has a pricing scale depending on the volume of transactions. Among the advantages that can be had here, we note the rapid creation of accounts, the loan of Bitcoins, as well as the reduced price of transactions.
6- Changelly
Developed by the MinerGate studio, Changelly is a platform that particularly stands out among the best platforms for buying cryptocurrencies. Indeed, it has the particularity of not requiring registration on the site to carry out transactions. Which makes the buying process fast, but also convenient. This site allows among other things to change crypto-currencies into other digital currencies. The platform supports nearly 60 cryptocurrencies, and accepts credit card payments. As for the levy for commissions, it amounts to only 0.5% for all possible exchanges.
7- Bitfinex
Founded in 2014, Bitfinex is the exchange site with the largest volume in the market. You can easily buy Bitcoin by bank transfer, and you can also trade with other cryptocurrencies. There are more than 25 different cryptocurrencies on the platform, with famous ones like Bitcoin, Bitcoin Cash, Ripple, IOTA, Litecoin, …
Bitfinex is one of the simplest and most ergonomic platforms on the market. It also offers a range of different orders with reduced fees.
8- eToro
eToro is one of the most popular cryptocurrency exchange apps in the world. It was launched in 2007 and welcomes more than 11 million investors every day. With eToro, trading, buying and selling is easier. It offers the exchange of a wide variety of around 15 cyptocurrencies. The leverage effect offered on this application is 2x on all crypto trading. It's a better way to maximize your profits.
Similarly, it should be noted that this application offers the Copy Trader, a tool very suitable for beginners and which allows them to copy portfolios of investors offered on the social network. This tool can be used by beginners or those who have very little time to track their investments. With eToro, the investor can trade with peace of mind, as the application is secure and regulated by ASIC, FCA and CySEC. This platform protects the funds of its users up to 80,000 euros. As for commissions, the application only charges on the spread and 5 euros on withdrawal fees, regardless of the amount.
9- Binance
We cannot make a list of the best applications to buy cryptocurrencies without mentioning the Binance application. Launched in 2017 by a Chinese company, this application quickly established itself in the sphere of cryptocurrency, mainly because of the volume of exchanges carried out per day. Indeed, more than $1 billion worth of digital currencies are traded every day. One of its peculiarities is that this application offers more than a hundred cryptocurrencies to exchange. Similarly, the application offers several wallets for storing cryptocurrencies, namely: Ethereum Classic, Bitcoin, Litecoin, Bitcoin Cash, Ripple, Ethereum Classic, Basic Attention Token and many others. Binance offers the lowest fees on the market, a maximum of 0.1%. It also offers a very high trading limit even for anonymous accounts. However, Binance does not allow direct exchanges with fiat currencies such as the Dollar or the Euro.
10- Bitstamp
Bitstamp is one of the oldest cryptocurrency exchanges on the market. This platform occupies one of the best places in terms of volume traded per day, i.e. more than 70 million euros. Bitstamp facilitates the exchange of several cyrptocurrencies with each other (Bitcoin Cash, Bitcoin, Litecoin, Ripple and Ethereum). It allows you to buy and sell your cryptocurrencies by card or bank transfer. This application offers a very secure service thanks to its two-factor authentication method and its email validation system. In terms of billing fees, cryptocurrency deposits by credit card on this platform are completely free. Credit card deposits are charged at a minimum of 5%.
11- KuCoin
KuCoin is very little known to the general public, but has many features that will make investors proud. The application offers one of the best transaction volumes in the world. This application is put on the market to facilitate trading for novice investors, but the more experienced can still find the best tools to make maximum profits. It allows you to buy and sell cryptocurrencies, to make deposits and withdrawals. To carry out the trading, the application offers its users a chart in the form of a Japanese candlestick. The user can therefore set the price alerts to stay informed of interesting opportunities in the market. KuCoin also allows its users to have multiple accounts.
12- Huobi
The Huobi app provides secure and highly reliable digital asset management and trading services to millions of investors in over 130 countries around the world. On Huobi, it's more than 81 million dollars traded per day. The digital assets of this platform are stored in multisignature cold wallets. It allows you to do all kinds of cryptocurrency operations, from buying to selling digital assets. The app is available for Windows, Android and MacOS.
Some advice on the best platforms to buy cryptocurrencies
It is important and even imperative to always inquire before embarking on cryptocurrency transactions. This in order not to be ripped off by certain crooked sellers who are constantly present on the Internet. In this sense, it is essential to always check the reputation of each platform that you want to adopt. Also, you have to be reassured about deposit and withdrawal fees, but also transaction fees. In addition, you must first make sure of the payment methods available, but also of the requirements concerning identity verification. This last measure makes it possible to avoid fraud, but also to be aware of geographical restrictions throughout the world. After all these checks, it is easily possible for you to know which platform is best for you, among the best platforms to buy cryptocurrencies.
To conclude
Cryptocurrency management platforms are constantly evolving, and each is based on an individual policy. This is why it is always necessary to learn about each of them before embarking on an exchange. In addition, there are 4 types of platforms in the field of digital currencies. First of all, trading platforms linking sellers and buyers, who charge fees for each transaction. Then, the Direct Trading platforms, offering P2P exchanges by connecting people residing in different countries and cities. These can exchange cryptocurrencies for currencies according to the rate set by the seller. Finally, we have the broker platforms, where visitors can trade virtual currency at already fixed rates.