Before You Buy Bitcoin and cryptocurrencies
Ways to Buy Bitcoin and Cryptocurrency
Our choice for Cryptocurrency to Fiat Exchanges
This Austrian exchange that was founded in 2014 is primarily focused on the European market and has a long and successful history (for crypto). Their mission is providing easy-to-use, safe and trustworthy access to digital assets for both new and experienced users.
They make it easy for everyone to instantly access the world of digital currencies and assets with the highest security standards in the industry by connecting the new digital financial world with the old economy
They proved they meant business by winning the Central European fintech startup of the year in 2016
This San Fransisco based exchange that was founded in 2012 is mostly focused on the Americas but is available in over 35 different countries worldwide.
They live by this vision statement:
“digital currency will bring about more innovation, efficiency, and equality of opportunity in the world by creating an open financial system”
That vision gave birth to this mission:
the mission of Coinbase is to create an open financial system for the world.
This is done by aiming to provide the easiest place to buy and sell digital currency whilst helping the industry to grow by building killer app prototypes
buying Bitcoin with Cash
Then there are two options available for you here.
The first is to convert cash into crypto through a local Bitcoin ATM and you can find the nearest one of the more then 4200 locations worldwide here:
Just be aware that even though these machines used to be anonymous the are slowly being made compliant with KYC rules. This number of ATM’s is expected to grow substantially in the next few years.
The other option is going truly peer-to-peer with Localbitcoin. This is a system that has been set up that allows you to buy cryptocurrencies face to face.
Be careful to make sure the other person is trustworthy by checking the reputation or starting with smaller amounts while there have been some scammers.
Both these options usually also have higher costs and fees involved.