By Mitch Rice
The world knows a lot more about Bitcoin now than it did in 2017. Bitcoin has been featured on major news channels, and several high-profile companies have made headlines by accepting Bitcoin as payment.
The Bitcoin market has been in a state of flux for the past decade, and it’s not always easy for an outsider to get involved safely. As a first time buyer, you want to make sure that you’re getting into the market at a price you’re comfortable with and that there are measures in place to protect you from any potential volatility.
It’s clear that the future is bright for cryptocurrency, but the most important question remains:
How can you buy, sell, or store Bitcoin safely?
What To Keep In Mind Before Buying Bitcoin
The most important aspect of buying Bitcoin is security. Be cautious when dealing with third parties and try to deal directly with the person or business you are buying from whenever possible.
You should take advantage of offline storage options like hardware wallets and paper wallets if they are available to you. If you have the technical knowledge, you can use tools like bitaddress.org to generate a secure wallet without having to trust a third party with your funds.
If an exchange is involved, be sure that they have good security measures in place and check out reviews of their performance before deciding which one to use.
Always keep an eye on what’s happening on the exchange and refrain from transferring your own assets onto an exchange until you’re ready to trade them.
Some exchanges offer insurance against theft, so be sure to look into whether this applies for the platform that you choose.
Exchanges Where You Can Buy and Sell Bitcoin in 2022
KuCoin Exchange
If you are looking for other cryptocurrencies, then you can get them at KuCoin. They have good investment opportunities for their users but also for their token holders too.
The most popular trading pairs on KuCoin are BTC/USDT and ETH/USDT. The BTC/USDT pair makes up about 70% of trading volume, so this is the most liquid pair in which you can trade many altcoins against Bitcoin. It’s just like Binance: you can easily buy, sell or deposit and withdraw your dollars into your bank account!
KuCoin also offers mobile apps for Android and iOS devices as well as desktop versions for Windows and Mac OS X. You can also use their API to develop your own applications using their data, if you are so inclined.
Coinbase
Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. You can use Coinbase to buy and sell bitcoin, ether, and litecoin.
It was first introduced in the year 2008 and since then, it has become quite popular. There are lots of exchanges that allow one to buy and sell Bitcoin. Coinbase is one such exchange. The popularity of this exchange has been on the rise since 2012. It is available in 32 countries.
This makes it easy to automatically convert fiat money (USD) into cryptocurrency (bitcoin). They offer two ways to buy and sell: instant purchases with a connected bank account, or buying on a weekly basis if you link your checking account.
eToro
eToro has been a pioneer in the crypto-markets since launching its platform in 2007, when Bitcoin was worth just a dollar. The platform has been built with a focus on social trading, allowing traders to follow and copy the best performing investors — so that users have the opportunity to learn from the best.
With this focus on education and community led by former CEO Yoni Assia, eToro has been at the forefront of crypto adoption for years. As the popularity of these assets continues to grow, eToro’s platform is attracting an ever-growing number of traders to its regulated platform with tools, charts and trading features that make it easy for everyone to understand the markets.
Binance
Binance is one of the most popular choices on the market today, thanks to its low fees and its large selection of altcoins. It’s also one of the fastest exchanges out there, with average transaction times of about a minute or less.
Binance is currently one of the most popular cryptocurrency exchange, which is based in Hong Kong. This exchange has a high capacity for processing transactions and offers a multi-language platform along with two-factor authentication. And the best thing about Binance is there is no transaction fee when you buy or sell coins on their platform.
Kraken
Kraken is one of the largest and most popular Bitcoin exchanges in the world. It’s based in the US and has been operating since 2011. The company has built a reputation for stability and reliability over the years. They’re also a registered and insured money service business (MSB) with FinCEN in the United States.
Kraken is a good option if you’re looking to buy or sell Bitcoin in large quantities (100+ coins). They have high liquidity, low fees, and consistent performance. Customers in certain states can also trade for free if they meet certain volume requirements.
Kraken has been around for a while and has proven their ability to adapt to evolving regulation by improving their AML/KYC policies as well as working with regulators. If you need to get your hands on some Bitcoin fast, it’s worth looking into.
Data and information are provided for informational purposes only, and are not intended for investment, medical or other purposes.
