Different Ways to Buy Bitcoin in the USA?

By Staff Reporter - 14 Oct '20 14:44PM
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  • Different Ways to Buy Bitcoin in the USA?
  • (Photo : pixabay)

Bitcoin was the first digital currency that was invented in the year 2008 by Satoshi Nakamoto. It is the most popular cryptocurrency in the entire world. Also, the new candidates in the cryptocurrency world are willing to invest in it because there is a high Return On Investment (ROI).

Bitcoins are online cash which is completely dependent on the technology and do not exist in reality. You can use bitcoins to buy online goods and services. On the other hand, several institutions in the USA have started accepting bitcoin payments as a tuition fee. People are giving much attention to these cryptocurrencies.

How to Buy Bitcoins in the USA?

Before buying bitcoins, the first step you need to consider is the digital wallet where you will keep all your bitcoins safely. There are several types of crypto wallets available online but choosing the best ones is vital for you because the investment is all your hard-earned money.

So, the first step that you need to do is download the digital wallet, and then after purchasing the bitcoins, you can store it safely. However, there are two ways of buying bitcoins, one is purchasing directly with the help of a broker, and the second is you can visit a digital currency exchange and buy bitcoins in the open market.

Different Ways to Buy Bitcoins in the USA

We have conducted market research and listed some of the best ways to buy bitcoins in the USA. Keep in mind, and these are the best cryptocurrency and bitcoin exchanges in America,

1. Coinbase:

Coinbase is regarded as the best choice for the US people to exchange bitcoins. It is because this platform provides the best feature, such as quick and easy transactions in the United States of America.

However, buying via debit card can be a better option for you because this exchange charges only 3.99% fees for the purchases. Or, you can also use your bank account for the quick transaction. This is supposed to be the most comfortable transaction.

If you are a beginner in the cryptocurrency world, then you can choose this exchange because the features are very simple to understand. While using your debit card, you can instantly buy bitcoins. Also, it has a high limitation for the BTC purchase.

2. Coinmama:

In the USA, Coinmama delivers bitcoin purchase only with a debit card or a credit card at a charge of 11.6%. The best benefit of using this exchange platform is that it offers high purchase limits with credit or debit cards.

But keep in mind that verification is required to buy bitcoins, and for some of you, the transaction charges seem to be high. This exchange works almost in every country.

The brokers are also very trusted and reliable. It is very easy for the American people to buy bitcoins from this exchange. To invest in bitcoins, visit bitcoin future

3. CEX.io:

CEX.io is another best bitcoin provider that accepts multiple payment methods, including debit and credit cards. The best benefit of using this exchange is that it consists of very low transaction charges. This attracts every new candidate to buy bitcoins.

You can purchase bitcoins after verifying your email and phone number. On the other hand, it is a trusted exchange and available in various countries and regions, including the USA.

4. Kraken:

Kraken is another exchange that delivers bitcoin and is considered as one of the largest cryptocurrency exchanges in the world. This exchange is available in almost every country.

The best benefit of using this exchange is that it provides high security and data. But keep in mind that it requires ID verification, so it is not private. Also, you can complete the deposit via SWIFT, ACH, SEPA, and bank fire. People of the USA prefer Kraken because it is much safer than other exchanges.

The Final Thoughts

Therefore, these are the different ways to buy cryptocurrencies, such as bitcoins in the USA. You must also know about other bitcoin exchange and its usages to make your concept clearer.

Moreover, before purchasing bitcoins, you must also consider the validity, reputation, and the security of the exchanges. This will help you to make the correct decision.

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* This is a contributed article and this content does not necessarily represent the views of newseveryday.com

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