Bitcoin is one of the top favorite cryptocurrency that is known for its wild swing in the market today. It is the one cryptocurrency that has made people see way significant ups and downs in all these years. The market is so volatile that in just a day, a bitcoin can cost you lacs, and the other day, it can go down in millions.
In these few years, bitcoin has made numerous changes in its value, and everyone is so motivated to become a part of this decentralized because of the insane results that bitcoin gives.
If you are a beginner and looking to invest in bitcoins or buying such cryptocurrencies to add to your portfolio, then have a look at these different ways to buy crypto.
There are various websites to create your profile in and buy bitcoins and other cryptocurrencies. Koinal is one such website where you can b
uy bitcoin instantly and other currencies in a secure manner. Their verification process happens in a jiffy, and the 24/7 support helps customers instantly.
Different Ways to Buy Bitcoins and Other Coins
PayPal
It might sound strange at first, but PayPal does offer the option to trade bitcoins. Paypal is one of the most trusted websites, and hence it would have no harm to buy bitcoins from them. However, there is a fee on the transaction; for example, you need to pay $0.50 for a transaction of less than $25.
Other cryptocurrencies are here, too, such as Ethereum, Litecoin, and Bitcoin Cash. You do not pay for holding the currency in your account, though; the charges only apply at the time of the transaction.
Coinbase
Another major platform that is popular for trading cryptocurrencies particularly. There are several popular cryptos here that you can buy or sell directly, such as Bitcoin Cash, Litecoin, and Ethereum. You can also store your coins with time-delayed withdrawal for added security.
The platform charges you 0.50 percent per transaction as a minimum, and the charges depend on the amount of transaction.
Trading app
You can buy bitcoins and other crypto using trading apps like Webull or Robinhood. Robinhood is a choice of many since they don’t charge any commission. You can buy bitcoins directly while having access to dozens of other digital currencies. Additionally, you can buy to buy stocks and ETFs since it is a trading app.
Webull charges 1 percent on each transaction and liberates you to trade a few cryptos as well other than trading stocks and ETFs.
Interactive Brokers
As the name suggests, you would be able to buy bitcoins but not directly. The users buy contracts on bitcoins, and they can have exposure to five bitcoins. For each contract, the broker charges you $15.01. You can also trade other securities available across the world.
Bitcoin ATM
There are some ATMs as well that provide you access to Bitcoins. However, you will end up paying more commission than any other platform! You can buy or sell Bitcoins, and you can use the ATM via cash or a debit card. The commissions are the reason most customers don’t go for ATMs as they can charge anywhere around 7 percent per transaction.
So these are some of the most common ways to trade Bitcoins and cryptocurrencies. There are many more websites and apps that let you trade cryptos. The one you choose depends on your preferences. So explore your options today and select the one that best suits your needs.
However, always go for the most famous platforms as they don’t compromise on security, and your data remains secure.