We'll answer all of these questions and list 10 of the best cryptocurrency platforms and exchanges that allow you to buy Bitcoin and other tokens. If you just want to get a high return on cryptocurrencies, you could consider a crypto savings account. These accounts pay up to 12%, but they carry risks (just like normal cryptocurrency investment). Check out the best cryptocurrency savings accounts here.
Here is our list of the top 10 cryptocurrency exchanges and trading platforms. The cryptocurrency offers featured on this site are from companies from which The College Investor receives compensation. This compensation may affect how and where products appear on this site (including, for example, the order in which they appear). The university investor does not include all cryptocurrency exchanges or all cryptocurrency offers available in the market.
Coinbase is by far the most popular cryptocurrency exchange and one of the best because you can invest directly with USD. You can currently buy Bitcoin, Ethereum and Litecoin and more than 30 other coins and tokens on the platform. In addition, you can earn interest on your USDT and you can earn token rewards by completing various activities. Read our full Coinbase review here.
Right now, you can earn up to 7.46% with your bitcoin and up to 12.73% with your USDC through the savings and lending options on their platform. With Coinbase, you open a Coinbase account and link your bank account or credit card. Then transfer funds from your bank account to buy BTC or buy with your credit card. Purchases of BTC with a credit card are the most expensive.
If BTC rises 1000 by the time your trade completes three days later, you'll miss the opportunity to go up. We like Bisq's decentralized features that improve privacy and anonymity when buying and selling bitcoins through an open source desktop application. For those who are attracted to the anonymity provided by bitcoin, Bisq can offer what they are looking for. Bisq is a decentralized exchange that requires no registration or account.
This means that you can use Bisq to buy and sell with near total privacy. The required Bisq desktop application is open source and free to use. Bisq supports a wide range of payment methods, including bank transfers, Popmoney, Zelle and Western Union. Trading fees range from 0.12% to 0.88%, depending on what you're doing and how you pay.
Bisq is best for those with at least a little bit of experience in cryptography. Based in California, Coinbase is one of the world's leading cryptocurrency exchanges and a popular option when buying bitcoin. The company offers both a wallet (which is free) and an exchange for customers. CashApp, a peer-to-peer money transfer system managed by Square, allows users to buy and sell Bitcoin.
Unlike other cash apps mentioned here, Cash App allows users to transfer their Bitcoin to their own cryptocurrency wallet. Cash App charges a commission based on price volatility and market trading volume, which it reveals at the time of purchase. PayPal allows you to make purchases with Bitcoin when they are available, but you will have to pay taxes on the sale of Bitcoin in addition to any taxes related to the purchase of the goods or services.