Best Bitcoin Exchanges
INTRODUCTION
Gradually and steadily, Bitcoin and altcoins are getting attention from more investors all around the world.
And why not? These cryptocurrencies are time and again proving themselves to be a safe haven against government’s inflationary policies.
Nowadays finding good bitcoin exchange is not an easy task. As bitcoin is rather a new currency and maximum sites are very new in the exchange business.
In the online world, we should research or read reviews from trusted sources(e.g. pfGuru) before taking any decision.
we get many queries asking,
- Where do I buy cryptocurrency?
- What are the best cryptocurrency exchanges? etc.
so to solve such simple queries our team composed this detailed article where you can get all information about everything.
Before we explain about best available bitcoin exchanges, we need to tell you to have it’s not too late to start investing in cryptocurrencies. Their market is huge and its growing every year.
Few expert predicts that bitcoin can cross the $100K mark in future.
So you should invest in cryptocurrencies NOW instead of regretting in future.
let’s start.
What is a cryptocurrency/Bitcoin exchange?
cryptocurrency exchanges are the websites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars, Euro etc.
A bitcoin currency exchange is an online platform that acts as an intermediary between buyers & sellers. whether you are a professional trader or occasional trader there is a platform for both.
There are 3 main types of exchanges available
1. Trading Platform:
These are the websites which connect buyer and sellers for the minimum transaction fees.
2. Direct Trading:
As the name suggests, these platforms offer direct p2p trading from same or different countries. They don’t have fixed charges, instead, each seller set thriller own exchange rate. [like ebay.com]
3. Brokers:
These are the type of exchange that anyone from anywhere in the world visit to buy, sell cryptocurrencies at the predetermined price by the broker. It is just like foreign exchange dealers.
Things to look out for before joining an exchange:
OK. These are the most important things to know before joining any bitcoin exchanges. you should thoroughly check these factors before joining any cryptocurrency exchanges.
Because it’s your hard earned money and you don’t want to put it in wrong hands.
Don’t worry, We have considered each of these points while creating this article. so you can relax and go with our recommendations.
1. Reputation
The exchange MUST have an excellent reputation. You can read the others reviews and experiences about the exchange. Just do the google search and you will come to know what people think about it. or if you have any specific questions then You can ask those questions on bitcoin forums, Reddit or Quora.
2. Exchange Rates
This is a crucial factor if you are going for bigger transactions. There is no fixed exchange rate for all the exchanges. different exchanges have different rates.
If you look for this factor then you can save good money. These rates can vary up to 10-15%.
3. Fees
Almost all bitcoin exchanges have fees related information written on their website. The fees can change depending on which exchange you are using.
Make sure you understand fully about deposit, transaction, withdrawal fees etc. If you want you can directly ask the exchange about the fees.
4. Payment Methods
Check which payment method the cryptocurrency exchange is offering to you, credit, debit cards, PayPal, wire transfer other currencies etc.
Many exchanges have limitations on payment methods so later it will be a headache for you if they don’t offer desired payment method.
Note: Buying cryptocurrency with Credit card always attract the Higher price and ID verification as there are more chances of anyone using a stolen credit card. and there is high risk involved.
The wire transfer is a long process but as the bank is involved it’s a safe method.
5. Speed
Buying bitcoins fast can be challenging; particularly in larger amounts. You may have found the best Bitcoin exchange, but if verification takes one week and you need bitcoins now, you’ll have to look elsewhere.
Initial verification can often take a few days, but all subsequent purchases may be instant. You’ll have to research each Bitcoin exchange to determine verification levels and delivery speeds.
6. Amount
Each Bitcoin exchange has different buying limits, which often varies depending on the level of identity verification. At Coinbase, for example, regular users may only purchase up to $1,000 worth of bitcoins per day.
Fully verified users, however, can buy up to $50,000 per day. Most exchanges offer an FAQ page online where the different levels of verification are explained.
7. Privacy
Exchanges that accept credit cards or bank transfers are required by law to collect information about users’ identities.
Buying bitcoins with cash is the most private way to buy bitcoins, whether it be through a P2P exchange like LocalBitcoins or at a Bitcoin ATM.
8. Verification
To protect against scams and frauds these exchanges ask for some sort of identity verification for making deposits or withdrawals. It can take few days to verify. But some exchanges allow you to remain anonymous
9. Restrictions if any
There are some geographical restrictions put by few of the exchanges. e.g. some of the features are accessible to the specific countries.
Make sure the exchange you are going to join offers a full access to its tools and functionality in the country you are living.
Coinbase.com Bitcoin Exchange Review :
Coin base is digital currency wallet and platform where consumers and merchants can enjoy transactions with digital currencies like bitcoin, ethereum, and litecoin coinbase is basically from San Francisco, California.
it is the most trusted and world’s leading platform for digital currency integration and transaction.
It complies with all laws and regulations of US government and having the highest quality of security.
Coinbase is running professional trading as well as retail operations with having 4.7 million customers from 33 countries and rewarded as the second most exciting startup of 2013 by times magazine.
Pros
- Easy to buy bitcoins for new users
- Credit card backup is available.
- It complies all laws and regulations of the United States along with other 31 countries in which coin base is operating its business.
- Coin base has some giants and prestigious investors all over the world like the bank of Tokyo, blockchain capital and digital currency group it means more trustworthy and reliable to deal with it.
- Customer’s fund is safe with coinbase as they never use customer’s fund for running their own business.
- It gives 2-factor authentication [2FA] hence highly secure and safe for the personal account.
- It gives quick customer support in case of any queries and difficulties within 24-48 hrs which is quite good.
- Very easy to send or receive cryptocurrency like bitcoin, ethereal, litecoin from your coinbase wallet hence easy to operate.
Cons
- Upper limit/maximum amount of purchase and cell is very low.
- You have to give charges for the transaction which is almost 1% and comparatively, it is more than other wallet and platform.
- You have to supply your details like your full name and E-mail address and you have to accept user agreement of coin base it means you are restricted by some terms and conditions.
- It may take 4-5 days of time in case of initial purchase.
- Sometimes service is unavailable when you want to trade coins.
- If you want to up the limit for purchase and cell then you need to provide additional documentation which is the little bit troublesome.
CEX.IO:
This is a UK based started in 2013 with the domain CEX.IO.
it is an online digital currency exchange with having over 2,000,00 users till 2014, it is the first cloud mining provider in digital currency world however later they suspended cloud mining in 2015 and focuses their attention on cryptocurrency exchange.
Earlier CEX.IO developed the program in which all the users who deposit and withdraw or do any transaction must be verified through their compliance program. CEX.IO has a user-friendly interface.
CEX.IO assure you about the safety and security of user’s data and SAL certification and 2FA are the major factors which give boost to their claim about data security.
CEX.IO charges fees of 0.2% on every trade and you have to provide personal information for the first time only.
Pros:
- Their Fill-Or-Kill (FOK) order system makes very easy for the beginner to buy bitcoin.
- Easy to buy and sell cryptocurrency like Bitcoin or ether.
- 24*7 customer supports is available in case of any query or problem you face, customer support is too good as compared to other currency exchange.
- CEX.IO offers margin trading which is not possible with many other competitors of CEX.IO.
- Very easy process for sign-up and registration.
- It gives transparency in transactions as compared to other currency exchanges
Cons:
- It’s very difficult to hide your identity with CEX.IO.
- In some cases/trading, you have to pay more charges which are far more compared to other exchanges.
- CEX.IO does not support in some states of United States like Ohio, Oregon, Texas, Virginia, N. Carolina, Washington, etc.
Bitmex.com:
It is the major trading site for bitcoins founded in 2014 later on it has owned by HDR global training limited.
It is the derivatives trading platform it does not offers you fiat currency for crypto trading.
You can only use crypto to crypto trading.
It offers you margin trading bitumen is the highly secured platform for trading you can trade with bitmex from all the world except the USA as it has not complies with laws and regulations of USA .
on bitmex, you can enjoy trading without giving your identity details.BITMEX stands for “Bitcoin Mercantile Exchange” it does not charge you for withdrawal or for deposit and there is not any fixed structure for fees it depends upon many factors like whether you are buyer or seller funding rates and types of contracts and so on.
Bitmex has high liquidity with a good user-friendly interface. Your funds are highly secured with multisignature wallet it can be operated on desktop and not available with mobile at present.
It offers you unlimited trading without verification. It has good interface though little bit confusing for new users.
Pros:
- It offers derivative trading.
- It has high liquidity.
- Offers high security with multi-signature address feature.
- Fast and secure transactions within few minutes.
- No limits for withdrawal.
- No charges for withdrawal as well as for deposit.
- It offers you an excellent customer support via Email, social media, and through ticket system.
- Bitmex offers you future contract which means contract to buy or sell with certain price with certain period of time.
- It gives user friendly interface and advanced charting tools.
Cons:
- It may not suit you if you are beginner.
- Cannot operate if you are in USA.
- Fiat currency cannot be used with bitmex.
- You don’t have mobile app if you have account on bitmex.
Coinmama.com:
It is decentralized currency exchange for digital currency transactions it is really peer to peer without the interference of the third party.
It is one of the major cryptocurrency exchange which is safe, fast and easy to use for the beginner too. It gives you the simple and secure platform to buy bitcoin and Ethereum.
It is based in Slovakia. coinmama is available in the USA in very few states like California, Colorado, Indiana, South Carolina and Texas and it is available almost in all countries it is one of the reputed cryptocurrency exchange. Currently, you have the credit card and debit card as payment method options.
For safety and security reasons you have to provide your identity to coinmama. coinmama accepts almost all currencies if you want to buy cryptocurrency with your local currency then you can do it easily.
With credit and debit card it charges 5% processing fees. coinmama has started in 2013 and registered in Slovakia. coinmama is available only on the desktop you cannot operate it with mobile though you may enjoy coinmama on mobile in future.
Main feature and specialty of coinmama is that you can buy cryptocurrency with 150 dollars or with 150 Euro without giving your identity this is the specialty which makes coinmama special from others.
Coinmama has spread itself in more than 200 countries it means coinmama is globally accepted cryptocurrency exchange.
Pros:
- it is the oldest and reputed cryptocurrency exchange operating in 210 countries and more than 20 states of USA.
- it accepts credit and debit card.
- it is fast, simple and safe platform to purchase cryptocurrency.
- you don’t need to show your identity up to limit 150 dollars or Euros which makes coinmama different from its other competitors.
- it offers high buying limits especially if you are the verified user.
- All users need to verify their identity hence highly secure.
Cons:
- It does not offer to trade of cryptocurrency you can only buy here but can’t sell.
- It only offers credit card and debit card as payment method options.
- It has a little bit high processing fees as compared to its other competitors.
- It does not offer varieties to buy different kinds of cryptocurrency here you can only buy bitcoin and Ether.
- You need to give your identification if you want to buy cryptocurrency here.
- It is unavailable on mobile which is it’s the major drawback or disadvantage.
Poloniex.com:
Poloniex is USA based cryptocurrency exchange.
It was founded in 2014 and one of the fastest growing digital currency exchange. It offers simple, fast and secure trading to its customers with the user-friendly interface.
It takes less than 10 minutes to open your account on poloniex. you have 2 options for verification here on poloniex first option you have to give your E-mail ID, Name and country of residence and with this information, you can withdraw up to 2000 dollars/day with having margin trading option.
in second option you need to provide your all necessary documents like address, phone number, photo ID and it takes time to verify and confirm your identity and after that, you can withdraw up to 25,00,000 dollars daily.
it offers wide varieties of options like Bitcoin,litecoin, Ethereum, Dash and so on it’ easy to use and having user-friendly interface and easy to operate though it does not offer the mobile app which is the little bit of disappointment for those who want to use it with mobile.
It gives security feature like two-factor-authentication which makes your account more secure. It has many features but you cannot directly deal with fiat currency with poloniex this is one drawback of poloniex we can say.
It makes maker-taker policy in which it is different fees for maker and taker. For example for <600 BTC it charges 0.15% for the maker and 0.25% for the taker and so on.
Pros:
- poloniex have high trading volume.
- It offers margin trading.
- Average fees of poloniex are 0.25% which is less comparatively.
- It gives user-friendly interface with charts and graphs which helps the user.
- It gives the huge variety of cryptocurrency and supports all types of cryptocurrency.
- It offers good security with Two-factor-authentication.
- Poloniex has high liquidity.
Cons:
- You cannot trade with fiat currency.
- Not much good customer support.
- It is secured but in 2014 hacker got success to hack poloniex.
- You cannot operate poloniex with mobile.
- You need to provide identity to open account.
Bisq.io:
Bisq.io is a desktop application to buy or sell bitcoins.
It’s pretty fast which makes trading of cryptocurrency quite easy almost it done within 10 minutes.
It is simple, fast and transparent, you can download bisq.io at free of cost and it doesn’t require any kind of verification or registration.
It is the best way of peer to peer trading, bisq.io was famous with the name bit square later it became Bisk. bisque held bitcoins at multi-signature addresses. , multisignature technology gives additional security feature for the bitcoin transactions.
bisque has not policy to hold bitcoins in the bisque controlled wallet.
It gives various payment method option just like SEPA (Single Euro Payment Area), national bank transfer, swish, western union, and many more payments methods.
it has the open source code and brisk is quite transparent and moreover, its easy to use, bisq is the truly best-decentralized exchange it means bisq.io does not store any coins or private keys on central servers and gives more security from hacking.
It also supports altcoin like octocoin, Dash, DECENT, Dynamic coin, Ether, Ether classic, and so on.
The trading limit is depending upon chargeback risk of payment method. Bisk is a decentralized autonomous organization [DAO].
Pros:
- Cleanly designed interface with simple and easy to operate.
- It is really decentralized cryptocurrency exchange and does not hold your bitcoin in bisque wallet.
- It is 100 % peer to peer technology network.
- It is highly secure from the hackers because it doesn’t store keys on central servers.
- It has reliable escrow system means the third party regulates the payment of the funds for those two parties who are involved in the transaction.
- Nobody other except your trading partner can know about your information details.
- Communication & data exchange between 2 users is highly encrypted.
- It gives a variety of payment method options like cash deposit, okay, Alipay, US postal money order and so on because of this it makes transaction and trading process easier.
Cons:
- The interface is good but may confuse beginners.
- Bisk is designed for desktop use so mobile users can’t operate it.
- Bisk needs development and to work in advertising.
- It does not offer margin trading.
- For customer support forum is the only option.
Bitstamp.net:
Bitstamp.net is Slovenia based bitcoin exchange started in 2011.
It is safe and easy way for currency exchange. Demijan Merlack and Nejc Codric are the founder members of the Bitstamp.net later on it is owned by bitstamp Ltd which is based in the United Kingdom in 2012 and now it becomes one of the most reliable currency exchange.
One giant name the Pantera Capital is the major investor of the Bitstamp.net Pantera capital is the major name as the bitcoin-specific Venture capital investor.
You have to provide all your documents for the verification if you want to join with bitstamp.net.
It is with good security measures though it has hacked in 2015 of January bitstamp doesn’t charge any fees for deposit and withdrawal funds and only charged 0.25% to 0.1 % trading fees.
Bitstamp is a digital currency exchange who has earned trust of global blockchain community, you can add funds through fiat currencies like US dollar, Euro, Great British pound and also you can buy or sell cryptocurrencies
like Bitcoin, Ripple, Litecoin, Ethereum so it’s easy and flexible to enjoy trading with fiat and cryptocurrency as well though it has limited payment methods accepted you can use like SEPA, Credit Card, international wire transfer for payment.
Bitstamp is worldwide recognized and reputed cryptocurrency exchange. Bitstamp offers very user-friendly interface.
it also supports debit and credit cards to buy bitcoins or any cryptocurrency bitstamp shifted from Slovenia to London and later on it shifted to Luxembourg.
Pros:
- User-friendly web and mobile interface.
- It’s a good, secure and reliable currency exchange.
- It is having high liquidity with solid volume.
- It gives safety feature of two-factor Authentication and confirmation emails which improves security.
- It is available on desktop as well as on mobile with IOS as well as on android platform hence it makes trading easy.
- Trading fees, deposit, and withdrawal fees are cheaper as compared other cryptocurrency exchanges.
- It is the best option for those who want to trade with Euros.
- Pretty easy and comfortable for those who are a beginner because of an easy process of verification and simple, clear format.
Cons:
- Unsuitable in case you are beginner.
- Payment method options are limited you have only 4 payment method options.
- The verification process is the little bit time-consuming.
- No variety of fiat currencies can be used for trading.
- You have to pay high fees for low deposit.
- Fees are little bit more as compared to other exchange especially if you are just a beginner and not trading with high amount means fees is more for a casual user.
CoinATMradar:
It gives the exact idea about location of bitcoin ATM near you it is an excellent way to find out bitcoin ATM in any country if ATM is available there.
It is also available on mobile on IOS as well as on Android platform it provides all the additional information about the ATM-like address, cryptocurrency available in ATM limit of withdrawal and much more it is integrated with Google map to find out the exact location of bitcoin ATM.
It has a user-friendly interface with better performance of map navigation with an updated version of coinATMradar app. It gives information about ATM average fees, number of bitcoin ATMs available in any country.
It also provides the data with each cryptocurrency share in every ATM. it does not only tells about bitcoin but also cryptocurrencies like altcoin, ether, Dash, Zcash and so on.
It shows the chart with which you can easily find out installed Bitcoin ATMs around the world according to coinATMradar most bitcoin ATM has situated in North America almost 74% of total ATMs available.
Pros:
- Very easy to find out exact location of bitcoin ATM.
- Available on mobile so easy to use.
- It is integrated with Google map so more easy and accurate to find out exact location.
- It has user-friendly interface.
- Gives information about fees charged by every bitcoin ATM operator.
- Other cryptocurrency’s ATM except for bitcoins like ether ATM, litecoin ATM, DASH ATMs can be searched with the help of coinATMradar.
Cons:
- No use of it where ATM is not available.
- A Little bit difficult to operate for beginner.
- Sometimes may gives wrong information if Google map will not work in correct way?
Etherdelta.com:
Etherdelta is a platform for decentralized trading for ether and ethereum based tokens etherdelta has launched by etherboost.
etherdelta is decentralized platform and you don’t need to be depending on administrator to exchange or trade your fund the main aim or objective of etherdelta is to give convenient platform for trading of ethereum based tokens.
It is truly known as peer to peer trading platform on which your funds are never held or controlled by any central authority.
You can use etherdelta through GitHub etherdelta is an ether smart contract platform exchange you can log in on etherdelta through etherdelta.github.io which has registered in 2017 you can import your old wallets on etherdelta with the help of private key.
Etherdelta can easily add ERC 20 TOKENS, ERC 20 is one protocol it defines set of commands which should be implemented by the tokens. You can link your metamask account with etherdelta.
Pros:
- It is truly decentralized which does not run on centralized server so it’s difficult to hack by hackers.
- With etherdelta, you can easily take benefit of ERC 20 tokens.
- Your funds are safely stored in smart contract and you are the only controller of those funds.
- There is no requirement you just need to connect your wallet with your private key.
- No registration or verification is required hence you can enjoy without giving your identity documents.
- Best platform especially for ether trading.
Cons:
- Sometimes it gives very slow transaction which is time-consuming and tedious.
- Some of the user complaints that it is not user-friendly which downs its reputation and create negative feedback about its use.
- Trading process is time-consuming hence you need to be calm it is because of some drawbacks of decentralized process.
- You cannot do trading with bitcoin, litecoin and other cryptocurrencies except ether.
- For beginners little bit confusing.
GDAX.COM:
GDAX stands for global digital asset exchange which makes trading easy and it is another platform given by coinbase exchange.
It’s a baby of coinbase and when you click with exchange.coinbase.com you will get directed towards GDAX.com, GDAX is for those who have much information and knowledge about cryptocurrency trading and want to go beyond beginning stage.
GDAX doesn’t have any trading limits for trading and it charges very fewer fees for trading purpose. It’s free for those who want to transfer their funds from coinbase to GDAX account.
Here with GDAX, you can withdraw $1000/day and no limits for deposits. GDAX supports in countries like United States, Canada, Australia, Singapore, though GDAX doesn’t offer you margin trading.
It gives you cryptocurrency options like Bitcoin, Litecoin, and ethereum.
For the opening account on GDAX, you must complete 18 years old and have to pay 0.25% if you are taker though in case of maker it charges 0%.
GDAX never supports unethical practices like Front-running.
You can enjoy trading with US dollars as well as with Euros for bitcoin, lite coin and for ethereum and can exchange and trade between bitcoin and ether.
You can do trading with GDAX almost in all states of UNITED STATES where coin base has got license for transaction but in states like Hawaii, Minnesota and Wyoming GDAX does not support.
GDAX supports in most of the European countries like Austria, Poland, Portugal, and Spain and so on. Jesse Powell Hops founded kraken.com in 2011. in 2013 Kraken launched trading with bitcoins and lit coins. In the September 2013 Kraken becomes the first currency exchanger who got the standard currency code ISO 4217 for Bitcoin. Kraken is a cryptocurrency exchange in which you can use fiat currency and can enjoy trading with cryptocurrency. , Kraken has globally accessed by customers and it is the largest bitcoin exchange in terms of volume of euro. Kraken can be operated through your mobile and can run on both platform android as well as on iOS. Kraken is mainly operating in countries like Japan, European countries, Canada and the United States though it doesn’t support in some states of United States in most states of US you can enjoy with Kraken. Localbitcoin is a startup founded in 2012 based in Finland and one of the major companies in bitcoin economy on global platform. Its business has spread all over the world in 15643 cities including India. On Localbitcoin you can sell or buy bitcoins directly from a user; it supports almost all methods of payment. Local bitcoins operating its business all over the world except Germany and some states of United States. It doesn’t require personal information if you want to do trading. Paxful is a great option for trading and exchanging bitcoins here more than 1000 trusted vendors on paxful made your trading quite secure and safe and with faster rate it has very low trading fees and you have plenty of payment options. here on paxful you will get almost 300 payment options interface has designed such that it will be easy for those who have very less knowledge about online digital trading, it gives fast, reliable, efficient and offering high security you can also pay here through gift cards. Paxful does not charge any fees from the buyer in case of seller paxful charges 1% of fees paxful is totally a free bitcoin wallet. When you create an account on paxful it gives all setup and bitcoin you buy is directly stored in your paxful wallet as simple as that. Paxful has the solid volume and every day it exchanges almost 7000 to 8000-bitcoins. Paxful claims that it’s a peer to peer bitcoin exchange platform. Some payment methods including SEPA, PayPal, Amazon gift cards and so on. Very few cryptocurrency exchange gives such a wide range of payment options countries including Australia, China, Hongkong, United Kingdom, USA, UAE, Sweden and many other countries has accepted paxful and paxful supports in above-mentioned countries it means it is a global platform for cryptocurrency exchange. We hope above exclusive list will help you for choosing best bitcoin exchange. now you can trade bitcoins confidently. Each site has detailed instructions on how to buy the bitcoin. Now you come to know which exchange offers which payment method. To know which are the COLD, Hot storages available please check out this article ‘Bitcoin wallets’ Remember only when you want to buy or sell the bitcoins or want to any transactions using bitcoins then move the bitcoins from your COLD storage to HOT storage. Your coins are always safe in your offline storage as long as You yourself don’t compromise it. We don’t want to bias towards any specific bitcoin exchange, we have done a fair review of all these exchanges. Each of the sites we discuss here has some pros and cons. Check what’s important for you then decide which exchange is best suitable for you. There are few bitcoin exchanges for beginners who want to buy for their first time. still, you want our recommendation then select the exchanges which are top on the list. They are all very good. It’s an important question. No system is 100% bulletproof but notes that The BTC protocol has never been hacked. The bitcoin exchanges listed here are pretty secure. But please proceed with caution. Remember never ever leave more bitcoin online than you can afford to lose In short, yes. There are millions of transactions of Bitcoins per day, which means that the Bitcoin network is being used frequently. In fact, every day you see more and more businesses starting to accept Bitcoin as a method of payment. Since Bitcoins are stored in your software wallet, it isn’t possible for you to lose the Bitcoins. However, you can lose the wallet which contains your Bitcoins. If this happens, then the Bitcoins are simply out of circulation and aren’t being used since there is no way anyone can find the private key you need to access each wallet. When a wallet is lost, the missing Bitcoins are offset by the law of supply and demand. The missing Bitcoins will increase the value of the remaining Bitcoins, resulting in compensation for those that have been lost, albeit on an economic rather than a personal scale. Currently, the biggest factor for determining the price of each BTC is supply and demand. Because BTC is generated at a predictable rate, the demand level of Bitcoin must be constantly increasing in order to keep the price stable. If demand becomes stagnant or falls, then the price of Bitcoin will start to fall or even rapidly drop. Do not panic, the Bitcoins will appear in your wallet the next time you turn on your device and synchronize with the network. Whenever a transaction occurs, it is noted in the blockchain and stored on all computers which use Bitcoin software. There are thousands of Bitcoin merchants online who will sell you everything from jewelry to electronics to illegal drugs. You can also spend bitcoins in “real life.” To spend them in person, you need a Bitcoin mobile app. Generally, the store you’re buying from will show you a QR code representing the Bitcoin transaction. You then scan that QR code with your phone, and the mobile app will send the required number of bitcoins to the store. Then you walk out the door with your purchases. Of course, right now the options for face-to-face Bitcoin transactions are rather limited. Bitcoin is far from being a practical currency for day-to-day use. So now it’s your turn to tell us: Which one of these exchanges do you like the best? Also, what’s another great exchange that I haven’t listed here? Let’s share your thoughts in the comments below!Pros:
Cons:
Kraken.com
Pros:
Cons:
Localbitcoins.com:
Pros:
Cons:
Paxful.com:
Pros:
Cons:
FAQs:
How to buy bitcoin?
Once you bought some bitcoins then its good to store them offline not on exchange.(Though exchanges are trusted, if NSA can be hacked then anything can be.)What is the best site to buy bitcoin?
Where to find the most secure bitcoin exchange?
Do People Really Use Bitcoin?
Can You Lose Bitcoins?
What Influences The Price Of Bitcoins?
What Happens If Someone Sends Bitcoins To My Wallet And I’m Offline?
I have some bitcoins and found a secure way to keep them. What do I do with them now?
Credible exchange platform to buy or sell bitcoins is furcoins no sign up, no charges, no fees but prompt service delivery and satisfaction
I get 100% service satisfaction from liviacoins. You get bitcoins fast when you buy from them and get paid fast when you sell to them.