When it comes to cryptocurrency, there are a lot of choices out there. One of the best platforms to buy cryptocurrency is bitcoin trading software. Some people choose to buy them from other people, which used to be popular during the early days of digital yuan. However, this can be a hassle. To avoid this hassle, purchasing cryptocurrencies from a platform that offers prevailing exchange rates and ties them to fiat currencies is better.
Coinbase
This platform offers both credit card deposit options and bank wire transfers. However, you may need to wait until your funds reach your account to buy cryptocurrency. The platform offers low fees and good prices, but it’s confusing interface puts some people off. Another alternative to Coinbase is LibertyX, a service in the United States that makes buying bitcoins with cash a breeze.
Bittrex
One of the best platforms to buy cryptocurrency is Bittrex. The site features over 250 cryptocurrencies and can be instantly purchased using your debit or bank account. It also offers advanced tools and security measures. The company invests in security and regulatory compliance and has a cold storage system to protect user assets. You can also use two-factor authentication for additional security.
Bittrex also offers a variety of advanced options to help traders navigate their trading experience. Its real-time charting will allow you to see price changes in real-time. The platform has several different order types: limit orders, market orders, and stop orders. You can also place Good-Til-Cancelled orders, fill-or-kill orders, and Immediate-Or-Cancel orders, immediate purchases.
Webull
Weibull is a good choice for beginners. It offers many features for a low fee, including built-in 2-factor authentication and real-time stats on crypto prices. It is also available for trading 24 hours a day, and all trades are commission-free. Moreover, you can make a minimum deposit of just $1 and begin trading immediately. However, you must know that Webull does not allow you to transfer your cryptos to another platform. Therefore, using this platform only for short-term trading strategies is best.
To open an account with Webull, you must provide your current country of residence and two pictures of your I.D. These can be a state I.D. or a passport. After that, you need to choose an account type and read the platform’s risk disclosure before you start trading. If you intend to buy cryptocurrency, you should choose a cash or margin account, but it is not mandatory.
VirgoCX
If you’re looking for a platform that allows you to trade in cryptocurrencies, VirgoCX may be the best choice for you. This platform does not charge any deposit fees or only a small withdrawal fee. It accepts over 30 cryptocurrencies and supports both market orders and limit orders. Market orders allow you to buy at the current market price, while limit orders let you purchase a specific number of units at the desired price. The platform also offers a referral program, where you can earn up to CAD 30 for every referral you refer to VirgoCX.
VirgoCX also has a 24-hour customer support centre and offers a dedicated Wealth Account Manager for each client. The platform is geared towards investors who are new to the cryptocurrency market, as well as those with more experience. It also provides an OTC trade desk for customers who want to make large-block transactions.
eToro
While most crypto exchanges charge a commission when you buy or sell a cryptocurrency, eToro doesn’t. You can deposit using a credit or debit card. However, you’ll have to pay a conversion fee if you’re not buying in U.S. dollars. In addition, eToro doesn’t have the largest selection of cryptos. However, eToro does offer a $30 referral bonus to new U.S. clients. Just remember that you have to deposit $100 to qualify. This bonus is good for up to ten referrals.
Final Words
These platforms will also provide you with educational resources to help you learn more about the cryptocurrency market. There are also several cryptocurrency apps available in the market that can help you in the purchase process.