As many people are becoming aware of bitcoin and other coins, there is an increasing need for safe and best platforms to buy bitcoin. It is not uncommon to see new traders or investors asking Where is the safest place to buy Bitcoin. Some even ask what is the best platform to buy and sell cryptocurrency.
This article contains a list of the best platforms to buy bitcoin. Whether you intend to invest or trade as a newbie or expert, the below-mentioned best crypto exchange app has something for you.
Top Best Platforms to Buy Bitcoin and Other Cryptocurrency
Coinbase is one of the best places to buy bitcoin and other altcoins especially when you are a newbie. The best crypto exchange app which was established in 2012 provides a secure and large wallet to investors and traders.
With over 56 million users, Coinbase charges a reasonable amount of price when buying or selling cryptocurrency. According to the app, it holds $234 billion in assets, and $335 billion are traded on the platform.
The main of creating this platform by Armstrong Brian and Fred Ehrsain is to ease the stress of looking for a safe site to buy bitcoin as common among traders and investors.
Coinbase is widely accepted and used by numerous citizens of different countries. Recently, Nigeria was excluded from using the crypto exchange app due to the popular bitcoin ban by the CBN.
Binance is one of the largest and most popular platforms to buy bitcoin and other cryptocurrencies. It is quite popular among different classes of traders and investors due to its simplicity. You can buy and sell bitcoin and other Cryptocurrencies with this app.
No doubt, Binance is one of the best crypto exchange apps out there. This can be attributed to its low charges when trading and withdrawing profit as well as its support system.
The cryptocurrency app which was created by Changpeng Zao is considered to be safe by many for trading and investment. Although, it is not completely safe as Binance has once been hacked in 2019 with over $40 million in assets lost.
The emergence of the Binance app makes it easy to sell and buy bitcoin. As it makes use of Peer peer trading and you can withdraw your funds directly to your local bank. Even though the recent CBN policy makes it uneasy to do so, you can make use of a 3rd party platform.
When it comes to buying and selling, Kraken is one of the safe as well as best cryptocurrency exchange apps. Although not popular, most users of the app rated it highly. Unlike other mentioned platforms where you can bitcoins, it was created for the trading of bitcoin alone in 2011.
Even though the San Francisco cryptocurrency-based company has added the exchange of another altcoin to it.
Also, Kraken is known to be completely safe for traders and investors. It is one of the trusted bitcoin investment apps/sites, as there is no history of it being hacked since its operations in 2013. Kraken security may seem too tight compared to other cryptocurrency exchange apps as you need Identity verification to use it.
The trusted bitcoin investment app policy never agreed to Nigerians trading with it from the onset. Even before the controversial ban by the Central Bank of Nigeria, CBN.
Are you looking for the safest place to buy bitcoin? Try out Robinhood, one of the best crypto exchange app that was created in 2014. The sole aim of the founders is to reduce the high cost of crypto exchange born by traders and investors alike.
The cryptocurrency app allows traders to trade without charges as well as make a profit during the trading. They also provide users with a secured wallet that can be used to transfer assets to stock and not wallet to wallet.
Like many other best platforms that allow buying and selling of bitcoin, they restrict Nigerians from trading. This is due to the ban by the country’s apex bank.
Gemini is also one of the best platforms to buy bitcoin as its wallet is usually safe and secure. The digital exchange company created this platform in 2014 to support the exchange and trading of cryptocurrency.
Although the fee charged by this platform is quite high, it is safe and secure. A fixed price of $0.99 or less is charged for exchange or trading activities by the app.
Read Also: Top 10 Best Currencies to Invest In For
Luno is one of the best platforms to buy bitcoin and other cryptocurrencies. The digital platform which was created in 2012 has succeeded in making buying and selling cryptocurrency easier.
Safe and secured crypto wallets are also provided for traders and investors alike. There is little or no risk in using Luno as it is legalized and regulated. It is one of the safest and best places to buy cryptocurrency.
Furthermore, the exchange rate and charges on Luno are affordable. About $0 to $45 is charged depending on the amount traded or withdrawn. Also, Luno is open to many traders from different countries. Although, Luno is currently excluding its services from Nigerians as a result of the CBN ban on bitcoin.
CoinMama was created in 2018 by Nimrod Omber with the hope of providing a safe place to buy Bitcoin for traders. The crypto exchange app has evolved to exchange other cryptocurrencies apart from Bitcoin.
With the CoinMama app, you buy and sell your Bitcoin directly which makes it risky. As the wallet is susceptible to hacking and sending cryptocurrency to the wrong address can happen. Also, no trading wallet is provided by this app. CoinMama policy does not support Nigerians trading on the app, even when CBN has not issued a ban.
Apart from being safe, Localbitcoins.com is one of the best platforms to buy bitcoin. The digital company which is based in Finland uses peer-to-peer bitcoin exchange to achieve its aim.
The best crypto exchange app is quite popular among Nigerians as its policy support investors and traders from Nigeria. Even with the ban on Bitcoin by the CBN, there are numerous Nigerians on the app making use of the trusted bitcoin investment site. This is possible as the cryptocurrency app makes use of Escrow to trade and withdraw in local currency.
eToro which was created in 2006 is a cryptocurrency trading as well as investment app. The best crypto exchange app is known for its reasonable charges during the exchange. About $0 to $5 is charged on this platform depending on the money to be exchanged or withdrawn.
It is also one of the trusted Bitcoin investment sites as it is regulated and highly secure. Also, eToro policy does not support Nigerians trading on the platform.
More on the Best Platforms to Buy Bitcoin
Since the discovery of the value of bitcoin and other cryptocurrencies, there have been a lot of platforms whether apps or sites where you can buy bitcoin from. Some of these apps are risky and what you should run away from.
Before choosing any platform to buy and sell your bitcoin, ensure they are safe, affordable, easy to use, and allow different funding methods. Alternatively, you can choose any of the best platforms to buy bitcoin above.