Bitcoin is solidifying itself as a real currency. If you’re anything like me, you’ll understand that means big things for the future.
It’s an attractive investment product due to it’s volatility, price, and security. For these reasons, people want to buy bitcoin.
In this article I’m going to show you three of the best, most secure, and easiest places to buy bitcoin online.
- Person to person trading
- Extremely cost-effective
- Like eBay, for Bitcoin
They offer a trade mechanism that makes it safe to trade, and allows you to take advantage of the lower premiums offered by people instead of larger companies.
One of the largest reasons why I love LocalBitcoins is because they offer a cloud wallet. All of the Bitcoins that you buy are stored on-site and you have complete control over the movement of the coins.
LocalBitcoins lowers the risk of all trading massively. Mainly because they use an Escrow (middleman) system. You can read through their security guide when buying your bitcoin here.
- Most popular option
- User friendly
- Multiple cryptocurrencies
If you’re looking to buy bitcoins using your credit-card, debit-card or bank account, then CoinBase is the bitcoin exchange for you.
CoinBase is very user-friendly, great for first-time Bitcoin buyers. Additionally, they offer a cloud wallet and also the option to exchange (buy and sell) your bitcoins. However, I wouldn’t advise trading here if you’re looking to profit from price movements.
If anything, coinbase simply offers you a fast, fairly low-cost, and safe way to buy bitcoin.
Kraken Bitcoin Exchange
- Advanced trading features
- Awesome graphing, leverage .etc
- Perfect for traders, not hobbyists
You can load your account with most currencies (including Ethereum and LiteCoin), trade it into a different currency, and withdraw in whatever currency you please.
If you’re clever about it, you can buy BTC at rock-bottom prices in bulk and get the best deals here.
Here’s a quick tutorial to get started using Krakens trading services.
I don’t suggest Kraken if you’re just a beginner. Firstly, the verification process is quite long. And secondly, the terminology used isn’t as easy as if you were to go with CoinBase or LocalBitcoins!