Best Places to Buy Bitcoin in 2021: Bitcoins have become a hot favorite amongst us lately. Indians are no behind and are doing all they can to get hold of this fiery product.
Bitcoin is a sort of virtual cash that you can use for advanced buys or you can exchange like stocks or bonds. To purchase and sell digital currency including Bitcoin, you need to utilize a bitcoin trade.
The best digital money trades are secure, savvy, fast to set up, simple to utilize, and acknowledge an assortment of subsidizing sources. Here are our picks for the best places to purchase bitcoin.
Best Places to Buy Bitcoin in 2021
Coinbase is a large cryptocurrency wallet provider and exchange based in San Francisco. It boasts over 43 million users in over 100 countries, making it a popular choice for cryptocurrency enthusiasts, investors, and traders. Coinbase claims it holds over $90 billion in assets and has facilitated more than $455 billion in trades. You can trade dozens of currencies, including Bitcoin at Coinbase.
Coinbase charges several fees, which it discloses upfront when entering a transaction. Those include a flat per-transaction fee and a spread of about 0.50%. Fees vary based on the funding method going up to 3.99% when you use a debit card to buy. Serious users may want to upgrade to Coinbase Pro, which uses its own pricing model.
Coinbase offers strong security through Coinbase Vaults, two-factor authentication, and its use of offline storage for the vast majority of client assets.
If you’re looking for a simple and focused platform that allows you to buy bitcoin while learning more about the cryptocurrency ecosystem, eToro could be right for you. Those new to bitcoin will appreciate the simple and straightforward platform and CopyTrader system that allows you to mimic trades from others on the platform.
You can test the waters with a $100,000 virtual account with no risk to your actual money when you sign up. Once you’re comfortable, you can enter a live trade with real dollars. Just take note of the 0.75% spread price for bitcoin and higher fees for other currencies.
When you pay fees of 0.5% or more to buy and sell, you’re giving up a big portion of your potential bitcoin gains right off the top. Robinhood is best known as a commission-free stockbroker, but you can buy and sell bitcoin with no commissions as well. If you already have some experience with stock market investing, buying cryptocurrencies with Robinhood will likely feel familiar, a bonus for those new to bitcoin.
If you want to own bitcoin as quickly as possible and already have a bitcoin wallet, Coinmama may be your best choice. Coinmama features fast account setup and verification. Once you’re logged in, you can buy bitcoin instantly using several payment methods, though there may be a fairly high price tag for those instant purchase privileges.
You can use a credit or debit card to buy one of ten different currencies. When you place an order, the funds are instantly verified with your connected card by Coinmama, then the cryptocurrency you chose is deposited into your crypto wallet. Those in the UK and EU have additional instant funding options that are not available in the US.
For those drawn to the anonymity provided by bitcoin, Bisq may offer what you’re looking for. Bisq is a decentralized exchange that doesn’t require any signup or account. That means you can use Bisq to buy and sell with nearly complete privacy. The required Bisq desktop app is open source and free to use.
Bisq supports a wide range of payment methods, including bank transfers, Chase QuickPay, Popmoney, Zelle, and Western Union. Trade fees range from 0.05% to 0.70%, depending on what you’re doing and how you pay.
Bisq is best for those with at least a little crypto experience.
WazirX is India’s most trusted Bitcoin exchange. It offers you a trading experience across all platforms viz on Web, Android, iOS etc. WazirX has a simple and efficient design that caters to both first-time investors and professional traders.
WazirX has created a token for itself called WRX, and There will be a maximum of 1 Billion WRX coins ever produced.
- Highly secured
- Accessible across platforms
- Instant transactions
ZebPay has served over 3 million members since 2014. The interface of the exchange is clean, intuitive and simple with advanced trading features. You can trade across five crypto-crypto pairs with zero deposit fees. It has multi-layered security protocols to protect the privacy and data of the user.
- Competitive rates
- Robust API
- Trade across devices
- Enhanced security controls
Unocoin is one of the most trusted places to trade Bitcoin, Ether and Tether. The platform helps the user to buy, sell, and exchange digital assets. Unocoin offers unique OTC (Over The Counter) services that enable bulk trade and SIP (Systematic Investment Plan) feature that allows users to set aside a specific amount which will be automatically deducted from their linked bank account each month for the purchase of digital asset at the prevailing market rate.
Unocoin is India’s first entrant in the Bitcoin space.
- OTC and SIP features
- Trusted exchange
- Accepts INR for purchases
What are the other counterparts for Bitcoin?
Today one can find quite a huge basket of cryptocurrencies similar to Bitcoin. To name a few