5 Best Ways to Buy Bitcoin 2022 [Quickly & Safely ]

In this article, I will partake my top 5 best ways to buy bitcoin in 2022, their pros and cons, how you can choose amongst them, and many more .
A recent survey found that 60% of Americans have heard of Bitcoin at least once. Yet only 5 % appreciation digital currency .
If alone 5 % agree it — does that mean a bunch of people are lost and don ’ triiodothyronine know the best places to buy bitcoin ?
After all, statistics don ’ deoxythymidine monophosphate lie. The survey was conducted by the Global Blockchain Council and SurveyMonkey. The results indicated that most people think it is hard to purchase bitcoin.

And possibly you think so excessively .

But the truth is : it ’ second EASY .
The crucial interrogate is : where and how can I buy bitcoin ?
By reading this article, you will discover the best way to buy bitcoin and to have clear guidance on the different ways to buy bitcoin, based on your preference .
indeed read on, take action, learn how to buy bitcoin, and be part of this fiscal revolution .

Our Favorite Exchanges to Buy Bitcoin

We here at CryptoManiaks have all been involved in the crypto worldly concern for a long time. We experienced countless issues with liquidity, security, and customer service .
As we ’ ve made mistakes, we ’ ve besides learned. here is the total of our cognition : a number of exchanges we use and trust, and which I consider as the best places to buy bitcoin .
And the winners are eToro, Coinbase, and BitBuy .

* eToro disavowal : Your capital is at risk

1. eToro

You may recognize the diagnose eToro. You may even be able to picture their logo ( their list in green with little horns like a bull ). That ’ sulfur because eToro is one of the most celebrated sites when it comes to trading stocks and other fiscal instruments .
immediately they offer cryptocurrency deal and investing besides. With all their offers combined, eToro counts more than 20 million users on their chopine. Simply put, when looking for where to buy bitcoin — eToro is one of the best .

Pros

  • Well established. eToro was founded in 2007
  • Regulated. eToro is regulated by the Financial Conduct Authority (FCA)
  • Many deposit methods. Deposits can be made via debit card, bank transfer, Paypal, Skrill, and more
  • Low fees. All deposits are free and you only pay a 0.75% spread when buying Bitcoin
  • Many cryptocurrencies. There are 27 coins available for purchasing and trading
  • Social trading integrated. You can copy experienced traders’ strategies
  • Insured. Cash holdings are FDIC insured for up to $250,000 for US residents

Cons

  • Due to local regulations, you cannot register an account on eToro if you reside in Canada, Israel, Japan, and Turkey.
  • Non-trading fees. eToro charges withdrawal fees and inactivity fees
  • Only one account currency. Accounts must be in USD, and conversions are subject to fees
     

This ad promotes virtual cryptocurrency investing within the EU ( by eToro Europe Ltd. and eToro UK Ltd. ) & USA ( by eToro USA LLC ) ; which is highly fickle, unregulated in most european union countries, no EU protections & not supervised by the EU regulative model. Investments are subject to market risk, including the loss of principal .

2. Coinbase

Founded in 2012, Coinbase is considered by the majority of investors as one of the best places to buy Bitcoin .
Coinbase has over 68 million users and went public in April of 2021. The platform is available in over 100 countries and supports more than 100 cryptocurrencies with more being added regularly .

Pros

  • Coinbase is insured. This brings incredible peace of mind
  • Incredible level of security. Your cryptocurrencies are safe even in the event of a hack so it’s one of the safest ways to buy bitcoin. Rest easy.
  • Legal and regulated. Coinbase is legal in every country from which it operates
  • Open to residents of most countries. Some features vary based on your country of residence
  • Easy interface. The site and mobile app are quick to understand and use
  • Many cryptos available. Coinbase has over 100 cryptos available with more being added all the time

Cons

  • Limits on features. You can use Coinbase to its full potential only if you’re a US, UK, or EU resident. 
  • High off-platform transaction fees. Fees are based on the estimate of the network transaction fees that Coinbase anticipates paying for each transaction, and are disclosed at the time of transaction.

Welcome Bonus : Earn $ 5 in bitcoin for getting started on Coinbase using the connect below .

disavowal : Personalized $ 5 honor offer is displayed after score creation. circumscribed time propose and while supplies death. offer available to new users who have not previously verified their identification. put up not available to modern users who were referred to Coinbase through the Referral Program or who have previously opened an account using different touch information. Coinbase may update the conditions for eligibility at any fourth dimension, in its sole free will. See Coinbase Terms and Conditions

 

3. BitBuy

The act of properly Bitcoin-investing platforms available to Canadians is fairly limited as most international platforms do not welcome Canadians or do not offer them the same amenities as other platforms. So what is the best change to buy bitcoin in Canada ?
BitBuy is probably the best way to buy Bitcoin for canadian residents. Founded in 2013, they offer a big user experience a well as fair fees .

Pros :

  • Registered. BitBuy is a registered money service business regulated by FINTRAC
  • Low fees. Funding fees, trading fees and withdrawal fees are all reasonable compared to the competition in Canada
  • Successfully audited. BitBuy has gone through many regulatory and financial audits successfully
  • Highly secure. They store most funds in cold storage, which means your funds should be safe
  • User-friendly platform. They offer a pleasant user experience
  • Nine cryptocurrencies available. Not great, but not bad for a Canadian exchange.

Cons :

  • Only one fiat accepted. The only fiat accepted is CAD
  • Limited availability. BitBuy is only available in Canada

Welcome Bonus : Complete your first transaction of $ 100 or greater using the link below and receive a $ 20 bonus into your account .

4. Kraken

Kraken has established itself as one of the most secure crypto exchanges in the world and is the only crypto company that has obtained the especial Purpose Depository Institution ( SPDI ) license .
They offer a first exchange that is available in most countries. Given their active users, the large number of cryptocurrencies they offer, and their good reputation, you can expect a very high-quality experience with the platform .
Pros :

  • Extremely Trustworthy. Kraken is the only crypto company in the world with a US banking license, which is notoriously difficult to obtain. 
  • Many trading interfaces. There are five different types of trading interfaces varying in complexity. Most exchanges only offer ONE.
  • Earn & Staking Features. Let your digital assets work for you by staking them and earning interest through Kraken’s ‘Earn’ accounts. You can earn up to 20% annually!
  • OTC Desk. Kraken serves institutional and high-net-worth individuals through their white-glove OTC services.
  • Great Selection of Tokens. Kraken has curated a strong offering of 78 tokens and 357 markets full of liquidity.
  • No Minimum Deposit. Trade with as much or as little as you want.
  • Degressive Fee Structures. The more you trade, the less you pay in fees. 

Cons :

  • No Futures Products for US citizens. US Citizens can only use trade spot products due to complicated regulatory frameworks. Other US exchanges, however, do offer futures products. 
  • No Fiat / Fiat Trading for US citizens. US citizens can not trade fiat/fiat pairs; however, they can trade all the available crypto/fiat and crypto/crypto pairs. 
  • Not Many Features outside of Trading. Kraken focuses on trading and staking. Other exchanges have NFT marketplaces, debit cards, hotel & airline bookings, and more exotic offerings. 
  • Small Selection of order types. They don’t offer OCO orders or trailing stops.

5. Huobi

While not available in the United States, Huobi has made a name for itself and has built an impressive suite of cryptocurrency-related investment products. They have a massive volunteer of tokens and identical few county restrictions .
Pros :

  • Many crypto options. Offer hundreds of cryptos for trading 
  • Crypto-to-Crypto trades. As well as debit and credit card trades
  • Robust Help Center. You can learn more about what you are trading. 
  • Simple User Interface. If you are new to crypto, you will have no problem navigating the platform. 
  • Huge token selection. Over 350 tokens are available to trade. Huobi also includes an introduction page for each of these tokens.

Cons :

  • Complaints about Customer Support. Some customers have made note of bad customer support experiences that they’ve had.
  • Relatively low volume. The exchange is one of the oldest still running and its volume is relatively low when compared to contemporaries like Kraken.

Honorable Mentions

If you’re looking for more ways to buy Bitcoin, these are also good options:

  • Binance Jersey ( merely UK and EU residents )
  • Coinmama ( to buy Bitcoin promptly )
  • LocalBitcoins ( to buy Bitcoin anonymously )
  • CEX.io
  • Bittrex
  • Gemini

Introduction To The Crypto World

People mix up Bitcoin with Cryptocurrencies, Blockchain, Exchanges ( like eToro and Coinbase ), Wallets ( like Blockchain.com ) and others. Some basic cognition is mandatary before you get started .

  • There are thousands of cryptocurrencies. But all cryptocurrencies are not Bitcoin. Bitcoin is the first and most crucial cryptocurrency .
  • You don ’ t have to buy 1 whole Bitcoin. Bitcoin is divisible. It ’ s tied more divisible than the dollar. $ 1 can be divided into 2 decimal fraction points : $ 1.00 — while Bitcoin can be divided into 8 : 1.0000000 This means you could own 0.00000001 BTC ( short for Bitcoin ) .
  • Bitcoin is built on Blockchain Technology. If Bitcoin was a car, imagine Blockchain as the road that allows Bitcoin to travel from one drug user to another .
  • Exchanges, like eToro and Coinbase, are autonomous websites that allow you to exchange decree money ( like the US dollar ) for cryptocurrencies .
  • Wallets, like Blockchain.com, are software that facilitates access to the blockchain. They are used to transfer and store Bitcoin and other cryptocurrencies securely .

You will discover more about the cryptocurrency world and jargoon as you learn the best room to buy Bitcoin. First, you need to answer the follow doubt : where can I buy Bitcoin, and how do I buy Bitcoin ?
soon, you ’ ll understand that the best places to buy Bitcoin depend on where you live, american samoa well as your expectations.

Finding the Right Site For Your Needs

There are batch of exchanges and ways to buy Bitcoin in 2022. Do you know how to choose the best exchanges to buy bitcoin ? Some are better than others, and each of them has different characteristics .
Before I reveal how to invest in Bitcoin based on your needs, you first need to know what YOU want and how to buy bitcoins .
here ’ s what you should take into report :

1. Anonymity
Exchanges, specially the bombastic ones, are required by law to only accept users who comply with KYC ( Know Your Customer ) and AML ( Anti-Money Laundering ) requirements. such legal requirements are useful to prevent money wash and funds being used to finance terrorism. This means that though one exchange may be one of the best ways to buy bitcoin, you do need to provide and verify your identity to do so .
2. Fees
different exchanges charge different fees. Goes without saying. If you ’ rhenium looking for the cheapest way to buy bitcoin vs. the fastest direction to buy bitcoin — then fees will come into effect .
3. Ease of use
Some exchanges are childlike to use. The facilitate of verifying your identity, the exploiter interface, the customer service all play a function in what commute you will prefer .
4. Payment methods
Did you know you can buy Bitcoin with a credit or debit card ? then there are the criterion methods : bank report transfer, cash, and more .
5. Regulatory compliance
Making sure your exchange complies with regulations is a ache idea. If the substitute is asking for KYC and AML checks, you can rest assured you ’ re on the right path .
6. Security
identity larceny is no joke. Passwords get stolen, identities are impersonated, and more. Make surely your change offers 2FA and other security features so that you stay plug .
7. Limits
sometimes exchanges act like banks in regard to withdrawal limits. Your secession limits will much be based on your flat of identity verification. even, some exchanges offer higher withdrawal limits than others and that makes them the best exchanges to buy bitcoin .
8. Liquidity
trade bulk is an essential factor. Larger exchanges will have more liquid, which means you ’ ll be able to buy and sell a high amount of bitcoin at a better, more even, and fair price .
9. Speed

The rush at which an change can process your club can be quite important. After all, you don ’ thymine want your Bitcoin order stick on a waiting list while its value jumps all over the charts .
10. Are your funds insured? 
arguably, this is one of the most critical factors on this list when you want to choose the best exchanges to buy bitcoin. Your exchange should carry insurance. What if the change goes gloomy, is hacked, or the laminitis makes off with the money ? Make sure to choose an change that protects you when deciding where to buy bitcoin on-line .
11. Reputation
Does your substitute have a bad repute ? It ’ second easy to google ‘ X switch over reviews ’ and see what people have gone through .
Do beware of the ratings though. Most exchanges have badly reviews on populace sites. This is because people rate them by and large when they ‘re experiencing good issues .
When checking an exchange ‘s repute, check the damaging comments individually. You will often notice patterns ( bad customer service, locked out of their bill, and so forth ). This will give you a more accurate view than the ball-shaped evaluation .
12. Customer service
Customer overhaul is a agent that doesn ’ t seem important until something goes wrong and you need it. Response times, documentation levels, and languages are all beneficial to consider when wondering where to buy bitcoin .
13. Geo-restriction
Some exchanges may not be in full available in your country. You ’ ll find a connect for each of my picks to help you determine if you can use the exchange or not in your area .
Takeaway : There are hundreds of exchanges from which you can buy bitcoin. In the end, you should choose your favored choice based on your country of residence and your personal preferences .
CryptoManiaks Tips : I suggest you sign up to all of these exchanges. It should only take you a few minutes. In the crypto world, it ’ randomness good to have ampere many options as possible as the industry changes cursorily, and you need to stay up to date with the best way to buy bitcoin .

Payment Methods Compared

There ‘s no such thing as ‘one size fits all ’ — not in shirts, not in pants, and not when investing in Bitcoin .
so here is a short comparison of payment methods to help you determine which one fits your inevitably best .

  • Credit/Debit Card
    Investing in Bitcoin using your credit card is easy and fast. Easy because you do n’t need to get up ( except possibly to get your menu to read the numbers ). Fast because it ‘s like buying anything else with a credit poster. Keep in heed the amount you can buy is relatively broken ( to prevent imposter ), and the fees are high besides ( since recognition circuit board payments can be reversed and that ‘s a gamble for sellers ) .
  • Bank transfers
    Bank transfers are a morsel behind, but the sum you can buy is quite high. The fees are identical gloomy, particularly on exchanges. overall, this is one of the best methods to be a profitable cryptocurrency investor .
  • Cash
    Cash is the only way to buy Bitcoin anonymously. Credit cards and bank accounts are linked to your identity. Cash is n’t. Using cash at a Bitcoin ATM can be relatively promptly and easy. So can buying from person on LocalBitcoins, the most popular anonymous way to buy Bitcoin. But keep in mind that neither are insured, and fees vary greatly. Because of these factors, it is not the best way to buy bitcoin .
  • PayPal
    Paypal is surely the easiest way to buy Bitcoin — even easier than your citation batting order. To buy bitcoin with Paypal, however, you will normally have to exchange Paypal money for cash or transfer money to your deposit bill, and use either of these methods. In this case, Paypal becomes the worst direction to buy Bitcoin, quite honestly. The fees will be high, there is no anonymity, and it can take a long time .

The Cheapest Place To Buy Bitcoin

eToro is the cheapest place to buy Bitcoin on our list. however, when it comes to other cryptocurrencies, it isn ’ thyroxine always the cheapest .

source : etoro.com
Coinbase besides offers competitive prices for US residents, and so does BitBuy for canadian residents .
CryptoManiaks Tips : If you want to buy Bitcoin with the cheap fees possible, using your bank report to deposit funds is most of the clock time the room to go .

The Safest Way To Buy Bitcoin

All the options listed here are the safest ways to buy Bitcoin to the best of my cognition .
They all offer security through different aspects : eToro has been running for over 14 years and is regulated in many countries. Coinbase offers many security features in addition to indemnity that covers sealed types of losses, and sol on .
CryptoManiaks Tips : To keep my ID and account dependable, I constantly turn on 2FA for all the crypto exchanges I use. You should do the same !

The Easiest Way To Buy Bitcoin

From our list, the easiest way to buy Bitcoin is eToro .
Their registration serve is smoother than the alternatives, you can deposit without fees, and they allow you to trade even if they haven ’ thyroxine approved your verification documents. That makes it one of the best exchanges to buy Bitcoin .

The Fastest Way To Buy Bitcoin

What ’ s the fastest way to buy Bitcoin ? You can cursorily purchase Bitcoin through the eToro app with a debit card or credit card with a debit feature .
Another option is a BTM ( short for ‘ Bitcoin ATM ’ ). Bitcoin ATMs are popping up in countries around the world .
even medium-sized cities like Portland, Oregon have a handful of BTM ’ south. These machines enable you to walk up, slip in cash, and take out BTC.

How Do I Buy Bitcoin Near Me?

BTMs are popping up across cities and countries worldwide. The easiest manner to find them is by Coin ATM Radar .
Some BTMs do require ID verification, however. not all but some. This varies depending on state laws ( in the US ) and state or even city laws ( outside the US ). Be indisputable to Google your local BTM laws, or when you visit a BTM, read their usher before bribe .

source : coinatmradar.com

Best Ways To Buy Bitcoin Anonymously

The days of buying Bitcoin anonymously are dwindling. There was a time when people could go to Shapeshift or Changelly to purchase BTC anonymously. These days, governments have begun to crack down, enforcing KYC and AML laws on most bitcoin buy platforms .
The best way to buy Bitcoin anonymously now is to buy it directly from person. You can do this by attending a Bitcoin meetup, if there is one in your area, and asking if anyone wants to trade — or by searching through Localbitcoins for a seller with a solid repute.

Best Ways To Buy Bitcoin With PayPal

If you use an established mediator such as eToro which accepts PayPal deposits without fees, buying Bitcoin with PayPal is an excellent option, and probably the best room to buy Bitcoin you can find .
however, I do not advise buying BTC with PayPal if the cryptocurrency exchange doesn ’ triiodothyronine put up it as a payment method. You will need to go through intermediaries, and the fee can go up to 10 % per trade wind .

Best Place To Buy Bitcoin With A Credit/Debit Card

The best way to buy bitcoin with a credit or debit calling card is to find a chopine that offers excellent security, acceptable fees and that is convenient to use .
eToro is the best way to buy Bitcoin with a debit menu for most people. It ’ mho exempt, it ’ sulfur commodious, and it ’ second fast .
Coinbase is besides an excellent option, specially if you consider that they are available pretty a lot cosmopolitan .
On the other hand, BitBuy doesn ’ t offer deposits with a credit/debit card .
If you prefer anonymity, you can buy cryptocurrencies with accredit cards and debit cards at LocalBitcoins, but the rates will be much higher.

Best Ways To Buy Bitcoin With Your Bank Account

eToro and Coinbase ( US, UK, and EU residents ) are again the best places to go .
Using your bank account requires verifying your identity. But these exchanges know how to make this action smooth and easy.

How To Buy More Cryptocurrencies, or ‘Altcoins’

Most platforms allowing you to buy Bitcoin with fiat have a express phone number of cryptocurrencies available. If you want to buy more cryptocurrencies, you ‘ll have to use platforms that allow you to trade your Bitcoin for other cryptocurrencies .
To buy more cryptocurrencies, Binance ( the international adaptation of the platform ) is the best exchange, and one of the biggest in the world. When searching for the best way to buy cryptocurrencies in general, altcoins of all sorts, this exchange stands out .

Pros :

  • basic accounts do not need ID verification. Preserve your anonymity .
  • Binance goes to great lengths to ensure your security
  • 100+ of the best altcoins available
  • Binance regularly updates its list of cryptocurrencies available to keep its put up equally qualitative as potential .
  • low fees – 0.1 % and lower .
  • They innovate constantly. For example, Binance has created its token named Binance Coin ( BNB ). If you own some, then your fees can be further reduced .

Cons :

  • not the best customer serve .
  • not insured .

Register an Account on Binance Today to enjoy hundreds of trade pairs .

See You On The Other Side!

There you have it. A full and comprehensive list of the best way to buy Bitcoin in 2022 according to your preferences .
Remember, buying Bitcoin is the means to enter the capture cryptocurrency distance and learn about it. Once you own some Bitcoin, you ’ ll learn a lot of new opportunities .
Make sure to take action – you won’t regret it.
To Move Forward:

FAQ

Should I consider buying bitcoins?

Yes. You don ’ t need much. even something modest like $ 5 will allow you to buy a few bits of Bitcoin. This will help you learn about this new engineering and how to buy, sell, and transfer it. After that, you can decide to buy more or not.

How do I buy bitcoin legally?

arsenic farseeing as you can buy Bitcoin legally in your area of residence, then you can buy it anywhere : personally from person, on an exchange, or flush earning it through work or through Bitcoin faucets .

What are the safest sites to buy bitcoin?

The safest sites to buy Bitcoin are those that require you to complete KYC and AML. This means proving your identity. If they ask you to do this, it means they are following laws, are creditworthy, and report to their government. This reduces the chances of them being an exit scam character of company .

What is the cheapest way to buy bitcoin?

The cheapest way to buy Bitcoin is to buy it from person at the current central rate. This will let you avoid transaction fees. If you can ’ thymine find this as a method acting then find a large switch over with little transaction fees.

source : https://ontopwiki.com
Category : Finance

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