In another sign of Bitcoin’s growing popularity, SpaceX and Tesla founder Elon Musk has updated his Twitter bio to include a bit about his new passion for cryptocurrency. Although the cryptocurrency is pumping just like an app, Robinhood, which allows you to invest in the cryptocurrency without paying hefty fees, gets criticized for censoring its users.
There are several ways to buy bitcoin. You can go to an exchange to buy it, or you can go to an unlicensed merchant that specializes in buying and selling digital currency. However, you decide to get your bitcoin, make sure that it is from an official authorized source such as
bitcoinup-pro.com/ms and is backed by tangible wealth. For those who are interested in using bitcoin to get things done now, here is a list of exchanges where you can buy and sell bitcoin using U.S. dollars:
Founded by technologists in 2012, Coinbase is one of the world’s leading digital asset exchanges. It is a safe and secure platform to transact with digital currencies like bitcoin, ethereum, and more. If you’re looking to buy some cryptos, Coinbase is probably your best bet. They’re the most established player in the space and offer the most beginner-friendly platform simply because they cater to those new to the ecosystem and have lower fees. Coinbase has built a solid reputation for itself in the cryptocurrency space, and its users hold an immense amount of trust in the brand. The company now holds licenses to operate in a handful of U.S. states, the U.K., and Europe.
- Cash App
NYSE-listed Square makes it easy to buy and sell bitcoin with the Cash App available on mobile or web. The popular app allows you to purchase up to $100,000 in bitcoin per week at a market rate and will enable you to withdraw up to $5,000 each week. In addition, you can link your bank account, which typically takes 3-5 business days to verify, or use your debit card instead, which can be confirmed instantly.
Bitcoin enthusiasts can use Cash App to buy, sell, and spend bitcoin quickly. As an added benefit, users receive payment of USD when they pay with a debit card. Payments arrive regardless of market conditions – even if the price of bitcoin drops.
- River Financial
River Financial is a standout among bitcoin exchanges. Leveraging the power of the blockchain, its suite of services offers solutions for large institutions. Its goal is to help people accumulate, store, and use Bitcoin and other cryptocurrencies with ease, regardless of scale or experience level.
Instead of buying bitcoin on an exchange and then transferring it to another app, River Financial allows you to buy/sell bitcoin from within the app instantly. There is no need to move your bitcoin from one place to another (and pay network fees) — you can do everything in one place. You can withdraw your money from River through the Lighting Network instantly and at zero cost to you. You can also integrate your hardware wallet(s), which shows how much BTC is held in cold storage for you on your River Financial account.
This platform is excellent for larger purchases, as the minimum buy is $100, and it only allows you to purchase using a U.S. bank account. Additionally, it has no withdrawal fee but charges a 1%-3% fee for buys, depending on size.
- Swan bitcoin
Swan was built for the bitcoiners who want to invest in bitcoin daily or weekly but hate trying to predict where the market will be when they want to buy. Preferably, swan allows you to set a recurring order at a price you choose and then withdraw those gains from your wallet whenever you like. It’s easy, it’s professional, and it’s fast. With your Swan account, you can buy and sell bitcoin, securely store bitcoin in your wallet, and monitor a significant number of assets within one platform.
Their fee structure is simple. There are no hidden fees or minimums; they charge a flat 1.19% on all purchases made through your account, with a 0.99% fee if you choose to join their annual savings plan. Swan tolls no fees for withdrawals and only connects to bank accounts.
If you use this new exchange, you can trade cryptocurrency in U.S. dollars and other fiat currencies, as well as have access to Bitcoin’s Lightning Network and Blockstream’s Liquid sidechain. As one of the world’s oldest and most popular digital asset exchanges, Bitfinex offers various fiat and cryptocurrency pairings, including U.S. dollar, euro, Japanese yen, and British pound. Bitfinex delivers everything you’d expect to find in a world-leading cryptocurrency exchange while offering access to the entire set of features available on internet-based trading platforms. Bitfinex charges a 0.0004BTC withdrawal fee for bitcoin.
One of the longest-running exchanges in the U.S., Kraken offers trading for bitcoin and other major cryptocurrencies. You can trade crypto to crypto or deposit your fiat currency and trade it for bitcoin, ether, litecoin, ripple, XRP, and other altcoins like Kin. It supports Canadian dollars, U.S. dollars, British pounds, Japanese yen, euro, Swiss franc, and several major fiat currencies. To protect their exchange from volatility risks, they charge a flat fee of 0.00015 BTC for bitcoin withdrawals. There is no fee for bitcoin deposits.
OKCoin is a major international trading platform that offers fast and low-cost transactions. You can deposit in USD, EUR, or Singapore dollar (SGD) and withdraw in BTC. The OKCoin exchange also utilizes the Lightning Network to offer our users secure, professional, reliable, and convenient services and diligent regulatory compliance to the highest of standards.
Decentralized Bitcoin Exchanges
Decentralized exchanges are a growing trend in the cryptocurrency space. They offer users more privacy, higher security, and lower fees (the downside being that users must manage their own private keys). Moreover, these exchanges don’t require identity verification and allow direct transactions without storing your private keys on a third-party deposit site. In a nutshell, it means these exchanges help you avoid banks, brokers, and even governments looking over your shoulder. With these exchanges, you can choose to keep your finger on the pulse of the bitcoin market without paying fees.