Weâve done the work for you and rated these sites based on their trustworthiness, customer support, beginner friendliness, community sentiment, fees, etc. Although there are many different reasons as to why someone would become interested in Bitcoin, there are five that stand out from the rest. The company is based out of San Francisco, California and has been trusted by the crypto community since 2011. Â If you stick to trading with reputable users, chances are you ll be safe. Bitcoin transaction volume continues to grow year-to-year, which means someone, somewhere finds Bitcoin to be the proper way to transfer value online. NurdRage, a popular YouTube channel with more than 600,000 subscribers, is currently testing out the PopChest platform. While we prefer Gemini overall for its customer service, simple interface, and fast purchasing options, Kraken has some advantages: Kraken accepts fiat deposits via bank transfer in USD, EUR, GBP, JPY, and CAD trade bitcoins for gift cards. On Gemini, you can only use bank transfers and wires to trade USD for Bitcoin and Ethereum. Once you start a trade an experienced seller will guide you through the process in a one on one live chat. You can read our full Coinbase reviewÂ to learn more, or visit Coinbase now to start buying cryptocurrencies. -based Bittrex has become one of the most popular exchanges since its launch in 2014. While it is a relative newcomer, Gemini has quickly built a great reputation because of its low fees and great customer service trade bitcoins for gift cards. Purchase Easily Buying bitcoin directly from other people makes it even simpler. The Best Sites and Bitcoin Exchanges Rank Coinbase Review Having successfully served over 9 million customers in 32 countries, Coinbase is the obvious choice for bitcoin beginners.
Customer funds are fully insured, although users are responsible for personal account breaches. Coinbase offers customer support through email and typically responds within 24-48 hours. Instant Live Chat First time buying bitcoin. ) deposits of amounts greater than $10,000 and does not offer any fiat withdrawals. Kraken is another solid exchange option for trading cryptocurrencies for fiat currency. BitPay claims the marketplace is currently processing nearly $40,000 in Bitcoin payouts per day. This means that when you place an order, the fees and guaranteed price are clearly stated at the time of your order. While LocalBitcoins has been used to trade big bucks, the system is not perfect. Join Paxful Partner program and earn bitcoins. Bittrex Review If youâre looking to trade a huge variety of altcoins, then Bittrex is the exchange for you. io and Foldapp are two startups bringing discounts to Bitcoin users who shop at Amazon, Starbucks and Target. Some Bitcoin services, such as Circle, offer USD balances, which allow users to avoid the price volatility associated with Bitcoin while still gaining access to the discounts provided by these Bitcoin-powered applications. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Â Â Â Â Â Â Â Â Compliant with state money transmission laws and regulations.