How do I purchase and sell Bitcoin using my Debit/Credit card/Paypal in 2020?
If you had purchased 1 BTC in 2016 so now you would have become a rich man, but if you purchased the same thing year after it might have made your riches into the rag. Yes, that’s what the Bitcoin is; “completely uncertain”. However, you can always purchase Bitcoin on any market. So in the below-mentioned content you will find all the details relates to it like usability, market trend, Customer support, and Service. The idea that this is a virtual currency that isn’t backed by anything physical.
This is important to understand that this isn’t a Stock this is a currency in a digital form unlike US Dollars, Euro or Yen which are all backed by specific countries but still the same idea applies here.
The main reason is why Bitcoin is skyrocketing in value is because everyone wants their hand on it. So, How does this actually work? Unlike something like cash which is printed by the government, which can be held in the hand; Bitcoin relies on something called Blockchain. A simple way to understand this is to imagine a ledger, anytime anyone buys or sells something related to bitcoin it gets recorded under the ledger which gets recorded and printed out on multiple computers supporting the network. Now, what makes this interesting is its change in nature like, it becomes completely transparent and much secure.
So let’s say you bluff someone saying that you have 50 BTC in your wallet, that could go wrong. Because he can actually go on blockchain and check the number of BTC you possess. Unless you go and change the details of your available balance on all the thousand computers at the same time which is practically impossible. And remember this every time you go on blockchain to check the balance of BTC on a wallet you actually get involved in mining a very very small part of bitcoin as the computer with graphics card were being used in early days to mine bitcoin.
Nowadays mining a piece of bitcoin through your computer can be foolish and of no use. As the machines like ant-miners and other miners have completely outperformed the graphics card and can mine away faster than your personal computers.
So if you wanna own a piece of BTC you have to visit platforms like Coinbase, Coinmama and many more to carry on the procedure to purchase one. But as I have reminded you in the very beginning that its volatility can give you lots of pain or gain. So before making any kind of investment on BTC go through the market trends, price features and only invest the amount that you can afford to lose.
List of Exchanges to Buy Bitcoin Today in 2020
Need one of the fastest and easiest ways to buy bitcoins in the United States is Coinbase.
If you need instant bitcoin in your wallet, then getting them with a debit card is probably a better option. Coinbase charges 3.99% fees for debit card purchases but you will get your coins instantly reflecting on your dashboard.
Another payment option for US customers is using a linked bank account. The fees are less for this method–1.49%–but your coins are only delivered after five days as Coinbase takes this time to verify the transaction and also prevent the users from fraud.
Like every coin-
Coinbase too has some pros and cons which makes them questionable to few users. These are Below-
|Purchase with bank transfer takes 5 days|
Supports instant purchase with a debit card
Lower limits for instant purchase
Easy to use UI (User Interface)
Tracks how and when you use your assets.
The easy way for new customers to get cryptos
|For More Info Visit-|
Coinbase’s exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States.
Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.
Larger market field
Easy to use for experts
Confusing UI for beginners
Very low brokerage percentage
CEX.IO works in the United States, Europe, and certain countries in South America.
Cex.io lets you get bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Bitcoin purchases made with a credit card get credited instantly to the wallet.
CEX.IO has some pros and cons which makes them questionable to few users. These are below-
Delay in Verification
Trading Fee is as low as 0.02%
Demands lots of personal details including a pic.
Well established and trusted exchange
GBP market lacks liquidity
Nice User interface
LocalBitcoins is a platform that helps to match Bitcoin buyers to sellers.
The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, making it most secure to get Bitcoin and payment across the country.
LocalBitcoins has some pros and cons which makes them questionable to few users. These are-
Can be private, fast and easy
Can fall into the traps of scammers
In-person trade requires no identification
Hard to buy a large amount of Bitcoin
The fastest and surest way to get BTC
Slightly higher prices than the exchanges
Buying Bitcoin using Binance has become simpler and easier than ever.
Binance is the combination of two different words Binary and Finance which has been assembled together to form one of the largest cryptocurrency platforms which enables the users to buy, sell and trade crypto. This Chinese exchange has been ruling the market since 2018.
This platform was originally developed to make trading among various crypto assets but with the rising demand for cryptos, the exchange finally developed the trading platform into a market place as well to buy and sell.
Some Pros & Cons on Binance Platform these are-
Ease in Using
Lacks Customer support and service
Buy coins using the Credit card and debit card
Coins get traded automatically
|Lower fee rate|