As you begin the adventure of buying cryptocurrencies, many questions arise: what are the best Bitcoin exchanges? Where should I register? What are the safest platforms to acquire Bitcoin? The Bitcoin price has shrunk considerably and may be the perfect time to invest. In this guide, we present a list of the best sites to buy Bitcoin!
Do you want to invest in Bitcoin through a broker or an exchange? Both modalities serve to invest in Bitcoin and other cryptocurrencies. In terms of results (at the investment level) there is not much difference.
The difference lies in the type of platform, the service offered and the way in which we invest in Bitcoin. The brokers will offer you Bitcoins like CFD (Contracts for Difference). In this case, you do not acquire the asset itself. As it happens when we invest in gold or other raw material, we do not get this instrument really, but we invest in the possibility that its price will change.
This contract is a simple agreement with the broker, which will pay the price difference agreed at the time we decide to close our Bitcoin position. Although we are investing in Bitcoin, we are not in possession of the BTC per se. The great advantage offered by brokers is that, in general, they are well-regulated platforms that ensure that our investment is safe. Almost always they deliver a service dedicated to the client and the CFD allow profit even in bear markets.
On the other hand, exchanges allow us to buy and exchange real Bitcoins. A clear indication of this is the wallet or Bitcoin Wallet that will be created for our use. This wallet consists of a Bitcoin address (public key) that is equivalent to our personalized account number to receive payments in this cryptocurrency. Owning a fraction of any cryptocurrency allows us to exchange it and use it when necessary.
By investing in Bitcoin using an exchange, our investment will be directly linked to the price of the Bitcoin in the market. At any time, we can exchange the Bitcoins for another cryptocurrency or currency. If we want to protect part of the profit in fiat currency, we can use the currencies offered by the exchange or use USD Tether (USDT), a currency equivalent to the dollar. Being newer and less regulated platforms, it is likely that they will not provide us with an optimum and safe performance as that of the brokers.
How to make the decision?
Choosing between a broker and an exchange will ultimately depend on your intentions as an investor. If you are a beginner and you will not spend much time on this, it is more advisable to use a broker. Otherwise, sign up for an exchange or exchange platform.
What is Coinbase?
Coinbase has more than 6,800,000 registered users from Europe, America, and Canada – mostly. It is possible to buy Bitcoin, Ethereum and Litecoin in your online portfolio.
What is Binance?
It has become popular since 2016 with an excellent commerce interface for mobile and desktop users. Among the cryptocurrencies he admits are Augur, Bitcoin, Dash, Ethereum, Litecoin, Altcoin, and Ripple.
What is eToro?
eToro is an investment and social trading platform that enables the purchase and sale of different financial instruments in several markets. It is a typical broker with a friendly interface and a fairly complete range of instruments. eToro operates since 2007 and has more than 5 million users operating worldwide. The eToro trading experience is optimal, as it provides multiple tools that facilitate the process.
eToro is one of the few platforms in Spanish that allows making Copy Trading, a modality to copy the transactions of most successful operators. In addition, it allows access using your web platform or downloading the mobile applications available for iOS and Android.
eToro supports deposits and some operations without checking your account. This is a great advantage for those who want to make a quick investment in markets as changing as the cryptocurrency. You can deposit up to $ 2250 without checking your account. (Check the conditions updated here).
Free virtual portfolio: You can use up to $ 100,000 fictitious to practice and know how the platform works before operating with real money. This tool is free.
Copy trading: copying other successful investors can make life easier for those with little experience. There are hundreds of investors with different levels of risk whose transactions we can copy to the letter.
Various methods of payment: eToro is one of the brokers that accept more forms of payment. You can use credit/debit cards, Skrill, PayPal, Neteller, WebMoney, etc.
What is 24Option?
24Option is another popular broker that until recently had only operated with binary options, especially Forex. The platform has been operating since 2010 and has increased its popularity and number of users. It presents an elegant interface that suggests that we are facing a secure and stable platform. And so it is. 24Option is a broker regulated by the CySec and the IFSC, which makes our investments secure and away from common scams on the Internet.
The 24Option platform is intuitive and provides several useful tools for trading. Customer service is felt from the moment of entry: trading courses, analysis, and useful seminars are offered for the less experienced. This is one of the best Bitcoin sites like CFD and it also offers apps for iOS and Android.
This type of Bitcoin sites usually constitutes regulated and secure platforms for financial operations. This ensures that our money is in trustworthy hands and minimizes the risk of fraud.
More advanced tools: being platforms with a presence in several financial markets, brokers offer us advanced trading options that allow greater control of our investment. For example copy trading, leverage, loss/benefit caps, educational platforms, demo accounts.
More payment methods: undoubtedly, the brokers are from the Bitcoin sites that accept a wider range of means of payment.
Larger portfolios: brokers usually have a greater number of financial instruments. Although this does not apply to the cryptocurrency categories, where the offer is more limited.