Easiest site to use to buy bitcoin 2020

A physical bitcoin for sale. The fees are less for this method Wall of Coins Popular. Best for Quick and Easy Transactions: Coinmama.

Get in on the latest craze of digital currency

Last Updated on December 13, Although Bitcoin is yet to regain its previous heights, many ho that the cryptocurrency will play a major role in the future of money. In its most basic form, Bitcoin is a digital currency that allows you to send and receive funds without requiring a third-party. Back in the early days of Bitcoin, you could purchase a coin for less than one cent. As such, those who backed Bitcoin in the early days are now potentially very wealthy people. So what sets Bitcoin apart from traditional currencies like the dollar? Well, first and foremost, it is a digital currency, meaning that it only exists in the virtual form.

Get in on the latest craze of digital currency

We are committed to researching, testing, and recommending the best products. We may receive commissions from purchases made after visiting links within our content. Learn more about our review process. The cryptocurrency markets have calmed down a bit since that record high, but many Bitcoin evangelists still claim Bitcoin to be the currency of the future. Follow along to learn more about how Bitcoin works and the best places to buy Bitcoin.

History Of Bitcoin In The United States

We are committed to researching, testing, and recommending the best products. We may receive commissions from purchases made after visiting easiest site to use to buy bitcoin 2020 within our content.

Learn more about our review process. The cryptocurrency markets have calmed sote a bit since that record high, but many Bitcoin evangelists still claim Bitcoin to be the currency of the future.

Follow along to learn more about how Bitcoin works and the best places to buy Bitcoin. First of all, need some background information about what Bitcoin is? It’s a digital currency used mostly for online purchases and as an investment, albeit a very risky one. It is not sponsored by any government. Buu can also buy them with dollars or nearly any other currency. While there buuy some stories of people making a fortune on Bitcoin inmany people lost as it fell from its peak.

This can be an online digital wallet attached to the account where you buy and sell, a program on your computer or a physical device you plug into your computer. You can transfer Bitcoin sie use them for purchases at some rare stores on and offline. But when transacting in Bitcoin, beware of large transfer fees when going back and forth between coins and other currencies and even transferring to other digital wallets.

Coinbase is the biggest and most respected Bitcoin platform in the United States. It offers both an exchange and wallet in one, making it one of the easiest places to start with Bitcoin. Coinbase also supports Bitcoin Cash, Ethereum and Litecoin. Once you sign up and connect your bank account, you can easily transfer funds in and out of your account and convert them to Bitcoin and back to dollars at.

Coinbase charges a variable percentage fee of one percent for U. Purchases with a credit or debit card add on a 2. Further, Coinbase holds 98 percent of customer currencies offline to keep them safe from malicious hackers.

This is further evidence to why Coinbase is a leader in digital currencies in the United States. Robinhood started as a fee-free stock brokerage and recently expanded into the easiest site to use to buy bitcoin 2020 of digital currencies. The best part: No fees! You can buy and sell Bitcoin and other digital currencies completely fee-free on this platform. Since FebruaryRobinhood supports Bitcoin and Ethereum trades and market data for another 15 currencies. Robinhood Crypto is technically a separate account from a Robinhood stock easiedt.

Crypto accounts support market and limit orders. Your coins are stored in the same Robinhood account you use for your stocks and share a login. Robinhood is mobile first and just recently added a Web version, so it is best for people comfortable managing money from their phone or tablet. The biggest downside is that Robinhood only works in 16 states for cryptocurrency trades, but it plans to add more in the future. But if you do live in one of those states, Robinhood Crypto is a great option to get started in Bitcoin or Ethereum trading.

This is another mobile app where you can buy and sell Bitcoin with no fees. The Cash app is already great for sending money to family and friends for free similar to Venmo. But adding in free Bitcoin buying and selling puts the Cash app near the top of the places to buy Bitcoin list. The Cash app comes from Square, the company that makes those mobile credit card readers.

Square is a huge financial technology company that includes many other services. Bitcoin is just a small piece of what they. But with no fees, the price is right. But if you do want to send your coins to another wallet, Square does offer that feature.

Binance charges very low fees at just. If you want to go far beyond the most popular coins, Binance is your best option. While this is platform offers a huge range of currencies at a low cost, there are some bugs reported with the Android mobile app and some users have reported delays withdrawing certain currencies. Binance is not insured, which may be a major concern to some, particularly after some irregular trades were detected and reversed in March Coinbase Pro formerly known as GDAX is a serious trading platform with screens that look familiar to those who use Bloomberg terminals or active stock, commodity and option trading platforms.

It charges dite ranging from 0. If you want to try Coinbase but with much higher volume, this platform is the way to go. CoinExchange is another low-cost exchange with most fees bticoin at 0. CoinExchange offers a huge number of coins on its platform, perhaps the biggest lists of coins supported by any platform on this list. While the website looks simple, it offers robust security and long-term support for currencies on the platform.

The biggest downsides of CoinExchange are a lack of mobile apps, lower trading volume than some other platforms and vague security policies. Coinmama is an all-in-one exchange and digital wallet that makes it easy to buy Bitcoin and a limited list of additional currencies in U.

Dollars or Euros. The site claims more than one million customers in countries. While the exchange offers great real-time transactions, it does charge higher fees than some others on this list at 5. Rather than buying and selling on the open market, Coinmama funds user trades from its own holdings, adding a little extra security compared to some open market platforms. There is no mobile app, but the website is very high quality. Coinmama is a registered money business in the United States, giving it additional legitimacy and recognition above some competitors.

Bitcoin Buying and Us. By Eric Rosenberg. So, where can you buy Bitcoin? Read on to find easiesg best places to pick up Bitcoin today.

Best Overall: Coinbase. Best for Low Cost: Robinhood. Best for Versatility: Square Yo. Best for Active Traders: Coinbase Pro. Best for Quick and Easy Transactions: Coinmama.

Buy Bitcoin in:

The good thing is, developers are hard at work to make Bitcoin the best money the world has ever seen. Easiest site to use to buy bitcoin 2020 of the Bitcoins that have been generated to date were mined using special software. We may receive advertising compensation when you click certain products. Best for Quick and Easy Transactions: Coinmama. Buying bitcoins is hard, but that’s why I built this site, to make it easier! There is sihe way to directly buy bitcoins with PayPal. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Limits, however, will vary too individual sellers and are usually lower than online exchanges. Only a legal professional can offer legal advice and Buy Bitcoinn Worldwide offers no such advice with respect to the contents of its website. The first event is the U. Binance is not insured, which may be a major concern to some, particularly after some irregular trades were detected and reversed in March The fees are high because Athena will work with you and walk you through the buying process with them and offers personalized help. Every 4 years, the bitcoin halving happens where the new eite rate is cut in half. The supply of Bitcoin is fixed. The previous high was over 1, days.