Buy and Sell
There are a lot of places one can buy Bitcoin and Altcoins from but depending on the region of the world, the type of coins, the exchange rates, and verification standards – there are a few that stand out from the rest. Take a look at the best places to buy and sell cryptocurrencies.
BITS DIGIT is a platform that can be thought of as a one-stop solution and shapes the foundation for the root of the economy: companies, startups, traders, customers and merchants into a viable market, combining all the elements into an ecosystem that can boost the mass adoption of blockchain technology. This platform gathers all the details of the cryptocurrencies and related properties into one place where users have control over their finances. They can manage transactions, integrate merchants’ payments, deposit funds and so much more.
For more information, check out Bitsdigit. Current promotion offers $10 dollars of free BITSD after $100 dollar purchase.
Coinbase is a US-based exchange and has been around for 4+ years as well. Coinbase offers several advantages over its competitors including having a wallet system, the ability to buy not only Bitcoin but also Ethereum and Litecoin, and having one of the lowest exchange rates out there.
They are also backed by some of the largest VCs in the country and a favorite among the US community. The disadvantage is strict limits on buying and selling without verification.
Coinbase operates in these countries:
Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Italy, Jersey, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, San Marino, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States
For more information, check out Coinbase. Current promotion offers $10 dollars of free Bitcoin after $100 dollar purchase.
CEX.IO started out as a cloud mining service and then pivoted their strategy to becoming a Bitcoin exchange. They also allow buying and selling of Ethereum and offer a wallet system similar to Coinbase. CEX.IO is rock solid and fast around the world and the interface is also very easy to use.
They are also a great place to be if you are interested in day trading or trading frequently due to the tools they offer. The disadvantage to CEX.IO is the higher exchange rates you tend to see when buying. CEX.IO now supports Bitcoin Cash.
CEX.IO operates in every country with these buying exceptions:
Restricted from credit card purchases: Iceland, Vietnam, Afghanistan, Algeria, Bahrain, Iraq, Kuwait, Lebanon, Libya, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, and Yemen.
Restricted from buying with bank transfer: Afghanistan, Democratic Republic of the Congo, Côte d’Ivoire, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, Liberia, Libya, Guinea, São Tomé and Príncipe, Somalia, Sudan, Syria, Tanzania, Tunisia, Turkey, Vietnam, Yemen, Zimbabwe.
For more information, check out CEX.IO.
HitBTC has been around for years and supports trading of not only Bitcoin and Bitcoin Cash but also dozens more of Altcoins.
The interface is easy to understand although buying and selling take a bit of getting used to compared to the simplicity of Coinbase. You can not only buy cryptocurrency with fiat money such as USD, you can also exchange coins as well. For example, you can exchange Bitcoin for Bitcoin Cash or Ethereum for Litecoin.
Bitpanda operates in all countries.
For more information, check out HitBTC.
Bitpanda is a Bitcoin broker that specializes in buying and selling Bitcoins within the Eurozone. The company was founded in late 2014 and since has grown to become on of the more popular options to purchase Bitcoins around Europe. People outside of Europe can only sell their coins on Bitpanda but not buy.
Bitpanda trades Bitcoin, Ethereum, Dash and Litecoin.
Bitpanda’s exchange rate is higher than your average exchange due to the fact that they allow you to buy Bitcoins with methods that allow chargeback (i.e. credit cards, Skrill, etc.). But they have relatively low fees and has good support going on.
Bitpanda operates in all countries. Buying is limited to Europe only.
For more information, check out Bitpanda.
Coinmama is has been around for over 4 years and they have built up a well-known reputation among the Bitcoin community and continues to be one of the top Bitcoin exchanges out there.
The interface is super easy to use and new users are allowed to buy $150 dollars (with credit card) of Bitcoin without verification. Coinmama’s exchange rate is very reasonable compared to some of the other exchanges out there.
Coinmama operates in 226 countries so I’m not going to list them. Most likely you live are living within one of them.
Now Coinmama does not provide any kind of wallet service. So if you need somewhere to store your Bitcoin, check out Wallets for some options.
For more information, check out Coinmama.
Changelly offers crypto-to-crypto and fiat-to-crypto exchanges services to users from all over the world.
Changelly not only allows you to exchange from dozens of cryptocurrencies (ie. BTC to ETH, ETH to LTC, XMR to DASH, XRP to ANT) but they also allow direct purchases of cryptocurrencies with VISA or MasterCard, as long as the value is denominated in either US Dollar or Euro.
Here is a list of all the cryptos Changelly offers:
Bitcoin, Ethereum, Monero, Zcash, Dash, Ripple, Steem, Ether Classic, Litecoin, Dogecoin, FantomCoin, Steem Dollar, Synereo, Aragon, Ardor, Basic Attention Token, Bytecoin, Darcrus, Decred, DigixDAO, Edgeless, Expanse, GameCredits, Golos Gold, Byteball, Gnosis, Golos, Guppy, LBRY Credits, Lisk, Lunyr, MaidSafeCoin, Melon, NAV Coin, NuBits, Gulden, Nxt, PIVX, PotCoin, QuazarCoin, Radium, Augur, iEx.ec, SingularDTV, Stellar – XLM, Stratis, Swarm City, Syscoin, Chronobank, Trustcoin, Tether USD, Waves, Wings DAO, Xaurum, DigitalNote, XEM (NEM)
There is no need to register an account when buying or exchanging cryptocurrencies. Simply enter the amount of currency you want to exchange for another one and complete the transaction.
Changelly operates in all countries.
For more information, check out Changelly.
This unique site offers seller and buyers from around the world to meet and trade Bitcoins in a 1 to 1 fashion. It’s like the Craigslist for buying and selling Bitcoin.
Because of the nature of buyers and sellers interacting with each other without some sort of middle man, the type of payments are much broader than the other places listed above. Payment methods include:
- Wire transfer
- Western Union
- Account to account payments (ie. Chase Quickpay)
Remember since you are dealing with people in a 1 to 1 fashion, the type of seller you pick to deal with is crucial. Make sure to look for reputable sellers by looking at the seller’s transaction history and see how he/she did in the past. These are the type of things to look for:
- Has traded over 100BTC in his lifetime with a minimum of 100 trades
- Has a feedback score of at least 98%
- Has an account for more than 1 year
- Is a verified seller (phone number, email, company account)
- Is trusted by at least 10 people