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The Cheapest Places to Buy Cryptocurrency Online

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Crypto coins stacked on top of each other

Since 2009 when the first cryptocurrency Bitcoin was introduced, it has completely transformed the way that the world views money.

Today Bitcoins have significant value but buying your first cryptocurrency can be confusing and complex if you don’t know what you need to do or where to shop.

There are so many places that you can go to buy cryptocurrencies. Each method that is available will have its own fees.

Some of the things that can affect the cost of cryptocurrency include your location, your method of payment and the type of buyer you are.

We have sourced the best and cheapest places to buy crypto online.

Binance

Binance is a site that offers lots of coins, relatively low fees and multiple languages. It is one of the few companies in the world and one of the best and cheapest ways to buy bitcoin online.

Binance also has the most trading volume of all exchanges and offers several payment options available including credit or debit card and bank transfer.

It offers more than 80 altcoins which are tradable, it has a great app and anonymous accounts with high limits too. That said, it only offers margin trading in the United States.

To find out more about Binance, visit their website at https://www.binance.com/

Prime XBT

An online bitcoin-based exchange designed for crypto trading. Although it’s a relatively new company, it has experienced exponential growth in a very short timescale.

The company aims to create an innovative platform that equips users with the right tools required for day to day trading. The platform is one of the most powerful packed with trader tools that can be easily used by both intermediate level traders and beginners.

The platform also features the latest industry-standard security to safeguard investor funds and the customer support is second to none.

Visit the Prime XBT website at https://primexbt.com/

Coin Mama

Available to customers in almost every country, Coinmama allows customers to buy Bitcoin, Litecoin, Ethereum and more with a debit or credit card.

Customers in Europe also have access to the platform. The highest limits that you can gain for buying Bitcoin is with a credit card and they are a trusted and reliable broker.

To find out more about Coin Mama or to have a look at their platform to see if it’s a good fit for you, visit their website at https://www.coinmama.com/

Coinbase

As the world’s largest Bitcoin broker, Coinbase offers customers a fast, efficient and effective way to purchase crypto online. It supports customers in more than 30 countries, and you can make your purchase in many ways including debit card, bank transfer and SEPA transfer to name a few.

There are lots of deposit and withdrawal options on this platform, you have an insured BTC deposit and it has robust security safeguards too.

Browse the Coinbase platform at https://www.coinbase.com/

Local Bitcoins

A peer to peer trading platform which promotes privacy in the trading process. Offering several payment methods including debit cards, credit cards and PayPal.

There are no limits when it comes to buying and selling. If you make a purchase via a cash deposit, your bitcoin will be available within an hour.

If you would like to find out more about the Local Bitcoins platform, visit their website https://localbitcoins.com/

Tips for Buying CryptoCurrency

Bitcoin with a USB port

Bitcoin has grown in popularity in recent years and it is a popular way of investing right now. In this section of our guide, we will provide you with some tips for investing in cryptocurrency.

Virtual Wallets

Bitcoin was designed to be completely anonymous, very much in the same way as cash is in the physical world. You can buy and sell on digital platforms without financial records being exchanged.

That said, for most people to buy and sell cryptocurrency you will need what is known as a bitcoin wallet or virtual wallet.

There are several companies that offer Bitcoin wallets. Coinbase is one of the most popular. To use Coinbase you will need to provide personal information such as your name, email address and have the ability to link to your bank account.

Bitcoin isn’t covered by any guarantees. So if the platform storing your bitcoin goes out of business or your bitcoins are stolen or lost, you have very few ways if any to get your money back.

Electronic purchases

It is very expensive to buy a full bitcoin, but you don’t have to buy a full bitcoin. Just as you can buy a fraction of a dollar such as a quarter, a penny, a dime, or nickel you can also buy fractions of bitcoin.

The smallest amount that you can buy is 100 millionth of a bitcoin which is known as a Satoshi. You can buy Bitcoin through your account on whichever platform you sign up to.

Shop online

Once you have purchased your bitcoin there are a small number of retailers who do take it as currency for goods and services including some Shopify stores as well as Overstock and Newegg.

With cryptocurrency, you really need to know what you are doing for it to be successful. It falls outside of government regulation, so the risk is definitely higher. That said it’s quite easy to buy and sell but caution is advised.

My name is Richard and ThriftyTwo was started by me and my girlfriend (the Thrifty Two!) as a blog for helping people to save money in these difficult times.

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