What is the cheapest exchange to buy Bitcoin?
Moses Satoshi Nakamoto created the first Bitcoin in 2009. In the years since then, Bitcoin has changed the way the world thinks about money. Today, all the Bitcoins in the world are worth more than 156 billion US Dollars!
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Buying your first Bitcoins can be a confusing experience. There are a lot of different places to buy Bitcoin. All these places offer different ways to buy Bitcoin. Each method of buying Bitcoin will have its own fees. Some of the things that can affect the fees you pay are:
- Where you live;
- How you’re paying;
- What kind of buyer you are.
In this guide, I will tell you about the cheapest way and the best place to buy Bitcoin. I will include the best site to buy Bitcoins, the cheapest Bitcoin exchange, and how to buy Bitcoin without fees. When you have finished reading this guide, you will be able to decide where you want to buy your first Bitcoins from. You will also know how you want to pay for them.
Cheapest Way to Buy Bitcoin: What Kind of Buyer Are You?
People have lots of different reasons for choosing where and how they buy Bitcoin. Here are some of the most popular reasons:
- Anonymity - Bitcoin allows people to send money to each other directly, without using a bank and without having to share personal details with anyone. This is called anonymity. For some buyers, anonymity is the most important reason for buying Bitcoin. This means that they need to find a place to buy Bitcoin where they can stay anonymous!
- Community - Some buyers are really interested in cryptocurrency and blockchain technology. They want to be part of the crypto community. For these buyers, it will be important to buy Bitcoin in a place where they can mix with the Bitcoin community. This might be online or in-person.
- Ease of Use - How easy it is to buy Bitcoin is very important for crypto beginners. Newbies need to find a place where buying Bitcoin is simple.
- Security - Everyone wants to be safe when they’re making a purchase. Some ways of buying Bitcoin are safer than others!
One thing that all these kinds of buyers have in common is that they want to find the cheapest place to buy Bitcoin. So, whatever kind of buyer you are, I can help you find the cheapest way to buy Bitcoin that fits your needs.
Buying Bitcoin With Coinbase
Coinbase is a Bitcoin broker exchange. This means it buys Bitcoin for you! All you need to do is open an account and decide how much Bitcoin you want to buy. To pay for your Bitcoin, you’ll need some fiat currency.
Coinbase is based in the US and is available in 32 countries around the world. They include Canada, Australia, Singapore, the United States, and numerous European countries that are in the SEPA.
Coinbase Fees
You will pay at least 1.49% of your purchase amount as a fee when you buy Bitcoin with Coinbase. You will pay this if you deposit fiat currency into your Coinbase account before you buy Bitcoin. Coinbase doesn’t charge for deposits of fiat currency made by bank transfer.
Coinbase will charge at least 3.99% of your purchase amount if you use a credit or debit card to buy Bitcoin.