While there are over 1300 bitcoin exchanges, trading through one will give you the most profits. Buying bitcoins through one’s exchange will help the buyer diversify the risk.
The best part is the payment method for bitcoin exchange is also one of the easiest. Hence, many investors prefer to purchase their bitcoins through exchange of altcoins. For instance, CoinATMRadar also helps in identifying the best altcoins in terms of market value. You can even use bitcoin transfer services such as the one offered by Localbitcoins.
1. Binance If you want to trade your altcoins and buy bitcoins, then Binance is one of the best platforms to do so. One of the two largest Bitcoin exchanges in the world (second only to BTC China) Binance operates with much more efficiency. You can also use Binance to convert your other coins to Bitcoin or Ethereum using the BNB.io exchange. The only drawback of Binance is that you will have to pay 0.002 BNB for each trade.
2. Bitfinex Bitfinex is the second most popular Bitcoin exchange. The exchange allows all the major fiat currencies to be traded. This also means you can buy or sell bitcoins using Euro, Dollars, and even Pesos. The best part of the exchange is that you can also use their advanced trading tools to trade your altcoins. One of the best features of the exchange is that you can also send BTC to and from Bitfinex from other platforms like Bitstamp. Thus, you can use it to convert your altcoins to fiat with ease.
3. Bitbank Bitbank is another bitcoin exchange based in Singapore. The company has provided an easy-to-use platform to convert your altcoins into bitcoins. Users can also invest in bitcoin trading using the exchange. The interface is user friendly. It makes it easy for beginners to understand the basics of trading.
4. LocalBitcoins (Highly Recommended) LocalBitcoins is an excellent platform to buy bitcoin through the web. The service is provided by several mobile applications and desktop software. You can also use one of the most popular mobile apps in the market, Localbitcoins.net. The app provides secure trading using cash or other forms of payment. You can even make payments with cryptocurrencies such as Bitcoin Cash and Ethereum. This makes it easy for beginners to understand how the process works.
5. Changelly Changelly is one of the cheapest ways to convert your crypto into fiat currency. The exchange makes it easy for beginners to understand how the process works. You can make 0.004 BTC for each transaction and there are also no monthly or transaction fees.
6. Cryptopay Cryptopay is another great wallet for Bitcoin. The app is a mobile app that helps to make payments using cryptocurrencies. You can use it to quickly convert your crypto to USD or EUR. Moreover, there are no charges or fees. You can also use the app to send your money to merchants using Cryptopay through a local bank transfer or any other online payment methods.
7. Bithumb
Bithumb is one of the best exchanges to buy bitcoin and altcoins in South Korea. The platform provides a number of tools that make it easy for beginners to understand how to trade using various cryptocurrencies. You can purchase various types of coins from the exchange by using fiat currency such as US dollars or euro. This makes it easy for beginners to convert the coins and use them to make payments. You can also make transactions using other cryptocurrencies such as Ethereum and Bitcoin Cash.
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