When you buy bitcoin, you want to find an exchange that offers great security, acceptable fees, and good bitcoin dollar price and is convenient to use. You also want an easy way to verify your identity and get started quickly.
Platforms with strong user reviews are often the best places to start. They may have low fees, good customer support, and a variety of payment methods.
iDEAL
iDEAL is a payment method that allows users to complete online purchases using their bank credentials. The payment is secure and occurs within the customer’s own bank’s environment, thereby reducing risk of fraud.
iDeal is the most popular payment method in the Netherlands, where it accounts for over 60% of e-commerce transactions. The payment process is quick and easy, with customers able to pay via a desktop, a mobile app or by scanning QR codes.
This makes it a great option for merchants looking to target a Dutch audience. It’s also popular in other European countries.
iDEAL offers all the benefits of other payment methods, but with one important difference: it’s a direct bank transfer, meaning it doesn’t allow chargebacks, making it a safe choice for your business. Plus, it’s an extremely quick and easy way for your customers to make payments — a win-win for both parties.
Cryptocurrency exchange Paxful
Paxful is a peer-to-peer exchange platform that specializes in buying and selling Bitcoin. It offers a secure escrow system for trades, which can reduce your chances of falling victim to scammers.
Paxful supports over 350 payment methods including credit cards, PayPal, Amazon gift cards, wire transfers and Western Union. These include some of the most popular payment methods on the market, making it one of the most reliable exchange platforms.
Disputes are resolved by Paxful moderators after a thorough investigation into the transaction. Details such as transaction and chat transcripts are considered, along with technical errors.
For every sale, sellers pay a 1% fee to Paxful, which is automatically deposited into escrow alongside the amount requested by the buyer. If the deal is not completed successfully, the seller loses their escrow fee.
Cryptocurrency exchange Bitstamp
Bitstamp is one of the most popular and longest-established exchanges, offering traders an easy way to buy bitcoin with ideal liquidity. It offers a variety of features, including market orders and stop and limit orders.
The exchange’s fee structure is simple and straightforward, based on trading volume. You can expect to pay 0.50% for regular trades on all pairs, and lower fees are available for high-volume traders.
While trading fees at Bitstamp aren’t the cheapest around, they’re still competitive. If you’re a high-volume trader, you can take advantage of a pricing tier that reduces your fees for trades made over a 30 day period.
Customer service is a priority at Bitstamp, with email support being able to be replied to within three days and a UK-based helpline for emergencies. Users are also encouraged to use the Crypto Learn Center, which is a good place for beginners to learn more about crypto and blockchain technology.
Cryptocurrency exchange Bybit
Bybit is a leading crypto exchange that offers an easy-to-use interface and a wide range of trading options. They also offer a secure digital wallet that lets you store your coins between trades.
If you’re a newbie to the world of cryptocurrency, Bybit is an excellent place to begin. The platform has a beginner-friendly interface and mobile apps for iOS and Android.
It also provides 2FA for added security. This feature uses SMS or the Google Authenticator app to verify your identity.
You can buy a variety of cryptocurrencies with Bybit https://www.bybit.com/en-US/ , including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). The company’s wallets are intuitive and easy to use.
The exchange’s fee structure is a little confusing, though. Essentially, there are two types of fees: flat and variable. The flat fee is a fixed amount that you pay when buying or selling cryptocurrency. The variable fee is a per-transaction fee that fluctuates depending on the currency used.