138 min read
14 Aug
14Aug
Binance: Where the World Buys Crypto

In this article, we will tell you how, where, what methods and with what tools it is safe to buy bitcoin.

Introduction. Summary of the article

There are several ways to buy bitcoin and other cryptocurrencies: centralized and decentralized exchanges, peer-to-peer trading platforms, instant purchase services (instant exchangers), over-the-counter (OTC) desks, brokerages, Fiat-to-Crypto gateways, bitcoin ATMs, hot and cold cryptocurrency wallets, including hardware and mobile wallets that have built-in Fiat-to-Crypto gateways. 

An alternative way to gain access to the price of bitcoin is to own its derivatives or synthetic products. Bitcoin derivatives are traded on bitcoin- and cryptocurrency derivatives exchanges.

The purchase of bitcoin provides for the mandatory presence of a cryptocurrency wallet, which guarantees you the security and inviolability of private keys, therefore, reliable protection of your crypto assets. The software of the best models of hardware wallets with special apps allow you not only to store cryptocurrency, but also to buy, exchange, sell, send, stack, store, that is, manage and grow your crypto assets. 

New bitcoin price comparison tools (gateway aggregators) help the user to compare the prices of leading fiat-to-crypto gateways in real time and choose the gateway that offers the best option, which will allow you to buy bitcoin with the lowest fees, without overpayment, using a convenient payment method.

The cryptocurrency market is developing dynamically, which creates prerequisites for the creation and introduction of new methods, technologies and tools for buying, selling and exchanging bitcoin and other cryptocurrencies.


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The content of the article

1. What is Bitcoin 

  • How Does Bitcoin & Crypto Gain Value
  • Price Movements in Bitcoin & Crypto vs. Conventional Markets

2. How and Where to buy Bitcoin 

2.1. Exchanges

  • Cryptocurrency Exchanges 
  • How to Choose a Cryptocurrency Exchange? 
  • Top 15 Cryptocurrency Spot Exchanges 
  • How to use a cryptocurrency exchange 
  • Cryptocurrency Exchanges for beginners and experienced crypto investors 
  • Buy bitcoin on a centralized cryptocurrency exchange (CEX): step by step

2.2. Hot & Cold Crypto Wallets 

  • Hot wallets
  • Cold wallets
  • Paper Wallets 
  • Hardware Wallets 
  • Hardware wallets: rationale for use, capabilities, features, advantages 
  • How to choose a hardware wallet? 
  • How to get discounts when buying a hardware wallet 
  • TOP 20 Hardware Wallets; the Official online stores 
  • Hot and cold wallets: Conclusions

Better backup for your Bitcoin 

  • TOP 8 Best Metal Cold Storage Seed Phrase Backups For Your Bitcoin Wallet

2.3. Instant exchange trading platforms (Instant Exchanges) 

  • TOP 20 exchange platforms for instant purchase of bitcoin and other cryptocurrencies

2.4. Peer-to-peer (P2P) Bitcoin and Crypto trading platforms

  • Top 10 peer-to-peer (P2P) Bitcoin and crypto trading platforms

2.5. Fiat-to-Crypto gateways 

  • What is a Fiat-to-Crypto gateway?
  • The Leading and Most Reputable Fiat-to-Crypto Gateways

2.6. Services and tools for comparing the price offers of Fiat-to-Crypto gateways for buying bitcoin, other cryptocurrencies and choosing the best option with the lowest fee

  • How to buy cryptocurrency with the lowest fees?
  • Onramper widget
  • How to instantly compare gateway fees when buying cryptocurrency using the Onramper widget and choose the best option?
  • Alternative methods for comparing fees of Fiat-to-Crypto gateways, buying cryptocurrencies with the lowest fees, selling and exchanging.

2.7. Over-the-counter trading desks (OTC) 

  • Crypto OTC Trading Map

2.8. Bitcoin ATMs

2.9. Bitcoin and Bitcoin Derivatives

  • What are Bitcoin & Crypto Derivatives
  • Reasons for trading derivatives
  • Owning Bitcoin
  • Owning Bitcoin Derivatives: An alternative way to gain access to the Bitcoin price
  • Benefits of Bitcoin Derivatives
  • Which Method Is Right for You?
  • Cryptocurrency Derivatives Exchanges
  • TOP 5 Cryptocurrency Derivatives Exchanges
  • Crypto derivatives: conclusions

Conclusions


At the end of the article, the most attentive and patient readers can receive a gift from the BuyBitcoins24 blog team!

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1. What is Bitcoin?

Bitcoin (BTC) is a peer-to-peer cryptocurrency that functions as a medium of exchange, independent of any central authority. BTC can be transferred electronically from user to user: securely and irrevocably (the transfer cannot be stopped). Bitcoin is a new currency (digital money / money of the 21st century) created in 2009. The idea behind the creation of Bitcoin was to create money that no one else could control except its owner. The money is free from any authorities, its owners are completely anonymous, and the issue had a limit of 21 million tokens. Bitcoin transactions cannot be reversed.

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How Does Bitcoin & Crypto Gain Value

  • What is the value of Bitcoin?

The price of Bitcoin (BTC) is highly variable. This price varies as it is influenced by demand and supply of Bitcoin, mining costs, rewards issued, competing currencies and various regulations.

  • Why is Bitcoin so volatile?

Bitcoin is volatile as it is not controlled or regulated. It is traded in a free market. In a free market the prices of goods and services are free from government rules and regulations, or monopoly of any sort. The prices are determined by consumers in the open market.

  • Will Crypto ever die?

While cryptocurrency has not been globally standardized as a payment and exchange system, the technology it is based on - the blockchain technology, is gaining popularity in various domains.

  • How does cryptocurrency gain value?

The crypto market is volatile as it is free from government interventions. The prices are determined by consumers in the open market. The prices vary as they are influenced by demand and supply of Bitcoin, mining costs, rewards issued, competing currencies and various regulations.

Price Movements in Bitcoin & Crypto vs. Conventional Markets

The next step in answering the question, “How does Bitcoin & cryptocurrency gain value?” is understanding the different ways that cryptocurrencies work.

Most financial markets consist of debt and equity, and the value of these securities is pretty straightforward to calculate. For instance, the value of a bond is roughly equal to the net present value of future cash flows (e.g., principal and interest payments). On the other hand, stocks are typically valued based on their earnings (e.g., the price-to-earnings ratio).

Unlike stocks and bonds, most cryptocurrencies don't inherently generate any cash flow. Instead, they're comparable to precious metals, like gold or silver. The price of these assets typically depends on supply and demand from producers (e.g., miners), consumers (e.g., jewelers), and investors (e.g., those using gold as an inflation hedge).‍

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There are many different types of cryptocurrency. Source: GitConnected.
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Of course, there are a growing number of cryptocurrencies challenging these dynamics. Tokenized securities, non-fungible tokens, utility coins, and other types of cryptocurrencies have different factors influencing their valuations. As a result, it's critical to adjust your valuation method depending on the specific type of cryptocurrency.

In short, conventional cryptocurrencies (including Bitcoin) trade like commodities, but each cryptocurrency has unique factors influencing its valuation.


Binance: Where the World Buys Crypto

2. How and Where to buy Bitcoin?

Bitcoin is easy to buy. There are several options for buying bitcoin: exchanges, brokerage offices, over-the-counter (OTC) desks, trading platforms for instant purchase, sale and exchange of cryptocurrencies (instant exchangers), peer-to-peer bitcoin and crypto trading marketplaces, official websites of leading Fiat-to-Crypto gateways, specialized bitcoin ATMs, as well as platforms for buying bitcoin derivatives.

When choosing an acceptable option, you must take into account the size of your order, your jurisdiction and the payment method that is convenient for you.

Before buying bitcoin, every novice investor needs to have:

  • Cryptocurrency exchange account,
  • identity documents (most trading platforms carry out the "Know Your Customer" procedure - KYC, as well as AML)
  • secure internet connection,
  • and the selected payment methods.

It is also recommended to have your personal wallet outside of your account on the trading platform.

The main payment methods are bank transfer, debit and credit card, payment systems, as well as Apple Pay, Google Pay. Leading peer-to-peer trading platforms allow users to buy and sell bitcoin using more than 150 payment methods (in addition to bank accounts and credit cards, these are online banking, international and local payment systems, cash).

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2.1. Cryptocurrency Exchanges

Exchanges and brokerages are the most popular platforms for individuals or small institutions wishing to purchase bitcoin.

Exchanges are an excellent choice for buying bitcoins for both beginners and experienced traders.

Cryptocurrency exchanges are platforms for online trading of cryptocurrencies and other digital assets. They organize transactions between buyers and sellers, and receive commissions for this. The price of a cryptocurrency asset is formed based on the supply and demand of traders, and crypto exchanges provide all the necessary infrastructure.

Exchanges do not participate in trading themselves; they never buy or sell an asset traded on their platform. Since the exchanges themselves do not own any assets, the available liquidity depends on traders, which can hinder the flexibility of trading and make it difficult to execute short-term transactions. The exchange makes money by charging a commission for each completed transaction.

Leading exchanges offer the user a wide range of products: spot trading, margin trading, custody, stacking, mining of cryptocurrencies in pools, wallets, instant purchase of cryptocurrencies, peer-to-peer trading, OTC trading, crypto-backed cards Visa/Mastercard. Many exchanges and specialized companies offer special programs for earning bitcoin and other cryptocurrencies, high-yield crypto currency accounts and crypto secured loans. Almost all exchanges offer referral programs and reward programs to users.

The exchange will allow you to buy, sell and hold cryptocurrency. As a rule, it is best to use an exchange that allows its users to also withdraw their cryptocurrency to their personal online wallet for more secure storage. For those who want to trade bitcoin or other cryptocurrencies, this function may not matter.

Exchanges – participants of the cryptocurrency market, are divided into centralized (CEX) and decentralized (DEX).

Exchanges fall under the criterion of a centralized cryptocurrency exchange (CEX) in the case when, in the process of trading, the participants of the transaction need to trust a third party that assumes obligations to protect users ' funds and their confidential information. Transactions carried out within the framework of such exchanges, as a rule, are not tracked on the blockchain.

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In case of loss of the password, users verified by the exchange can usually restore access to the account through the support service or simply by the password recovery function. However, in return for convenience, centralized exchanges require the provision of personal data or information about the organization and set their own limits, which can often be removed only by performing a large number of operations. Many centralized platforms allow themselves to work with fiat (traditional currency – dollars, euros, pounds sterling, yen, Swiss francs, rubles, Turkish lira, etc.) currency, which adds to their popularity.

The most popular exchanges are centralized and require, as noted, KYC.

Centralized Exchanges (CEX) maintain centralized order books and are a market where buyers and sellers can make transactions with each other without knowing each other.

Examples: Binance, Kraken, Bittrex and others.

Note: In this article, we will talk mainly about centralized exchanges (CEX), and in a separate section, which is located below, about peer-to-peer (P2P) trading and exchange cryptocurrency platforms. Decentralized exchanges (DEX) will be described in another article.

As the name suggests, decentralized exchanges (DEX) are platforms that maintain no centralized order books. Users can trade directly from their cryptocurrency wallets without delegating their keys to anyone. 

Examples: Ethereum-focused Uniswap and Honeyswap.

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How to Choose a Cryptocurrency Exchange?

Owners of bitcoins, stablecoins and other cryptocurrencies use crypto exchanges to conduct operations for exchanging digital coins among themselves and for a fiat (traditional) currency.

To choose a crypto exchange, it is advisable to:

  • Study the ratings of exchanges from independent analytical, statistical and information sources
  • Find out whether the exchange is licensed and regulated, what methods of depositing and withdrawing funds the exchange supports, what are the amounts of fees and trading commissions, what is the price of bitcoin
  • Check the payment methods available on the exchange; whether the exchange supports the input and output of your local fiat currency. Many exchanges are localized and support only a certain number of currencies.

It is important to remember that the crypto exchange should work according to the same rules as the trader. This means that the exchanges have very high documentation standards to comply with local laws. Some exchanges may not be suitable for you because of the country in which you live, and it is useful to know this in advance so that you can choose the best place to buy bitcoin for your own situation.

  • Explore the official websites and blogs of the exchanges, consider the requirements, rules and conditions of the exchange, get acquainted with the reviews of experts and opinion leaders.

Only after performing these actions and analyzing the information received, you can choose an acceptable option for buying bitcoin and other cryptocurrencies. You should always remember that trading and investing in cryptocurrencies are associated with a high risk for your savings.

Available payment methods

There are four main ways to deposit local currencies on a crypto exchange:

  • Local bank transfers
  • International bank transfers
  • Third-party payment systems
  • Credit / debit cards.

For several years, it has been impossible to buy bitcoin or any other cryptocurrency using a credit card, debit card, or third-party payment systems such as PayPal, because these transactions can be canceled. Since the blockchain transfer cannot be canceled, it would be possible to pay, receive the cryptocurrency, transfer it from the exchange, and then cancel the payment. This meant that for many years the price of BTC and all cryptocurrencies was supported by real money without any borrowing.

Therefore, until recently, it was possible to get bitcoins on the exchange only with the help of a local bank transfer or a wire transfer.

Payment methodsAdvantagesDisadvantages
Local Bank TransferUsually the quickest, easiest and
cheapest with a local bank account
Not all exchanges will offer this service
International Wire
Transfer (SWIFT)
The SWIFT protocol is widely accepted
and used to transfer money (large
and small amounts)
May take a few days to process,
higher fees
Third Party Payment
Processor (Paypal,
Webmoney, Skrill, etc.)
Quick and easy for users with accounts
on these platforms to deposit and
withdraw
Need to create an account with third party
payment sites
Credit/Debit Card
(Visa, Mastercard)
Quick and easy to deposit small
amounts of money
Very expensive (credit card fees are passed
to you), and there is usually a maximum deposit sum
(which will be small)

It often takes several days to fully open and verify an account on the exchange due to the documentation requirements they face. However, once the account is opened, it can be quickly replenished — by bank transfer, wire transfer, credit card, debit card or transfer to a cryptocurrency that is stored elsewhere — and then, very quickly, buy, sell or make a transaction. Some exchanges allow new clients to make transactions using leverage — borrowed money — immediately, while others do not. This means that it is important to check whether cards such as Visa, Mastercard, American Express and Visa Electron are allowed to any exchange that you choose.

As soon as the verification on the exchange is completed and the deposit is made, you can buy any of the assets. The range of available assets differs significantly from exchange to exchange, but they all offer the best coins, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Bitcoin Cash (BCH).

Choosing an exchange based on the rating analysis

When choosing an exchange in order to use its capabilities and infrastructure for buying, selling, trading bitcoins and other cryptocurrencies, ratings of exchanges are often used.

When choosing an exchange independently, using ratings, a beginner can make his own list of exchanges and choose the best option from it. 

The main criteria for choosing cryptocurrency exchanges

  • Trading volume in 24 hours
  • Number of traded pairs
  • The amount of the commission
  • Methods of adding funds to the account (fiat currencies, cryptocurrencies)
  • The complexity of user verification and authentication
  • Jurisdiction and regulatory institutions of the exchange
  • User Interface
  • Work of the support service
  • Countries with citizens (residents) of which the exchange operates
  • Reviews on cryptocurrency forums
  • History of hacking, fraudulent actions against the exchange, phishing and other attacks

Any trader chooses a trading platform based on his business objectives and opportunities, the number and type of currency in his portfolio, the requirements for the speed of the transaction and its volume, and, therefore, as a rule, works on several exchange platforms at once. In this regard, it is impossible to classify exchanges by the "best/worst" parameter.

To determine the rating of cryptocurrency exchanges, most experts take into account the following parameters:

  • Trading volume
  • User account verification level
  • Type of trading platform (fiat, futures, margin, peer-to-peer)
  • The number of cryptocurrencies, trading pairs, trading commission, liquid pairs, etc.

If you need a quick transaction for the exchange/purchase of cryptocurrency in the selected currency pair, many traders resort to monitoring the services of peer-to-peer trading platforms.

The most important criterion of a cryptocurrency exchange is the trading volume in 24 hours. The larger it is, the better the liquidity — the ability to quickly sell/buy a particular coin.

The next criterion is the possibility of depositing and withdrawing fiat currency (money). This can be not only a regular bank transfer, but also withdrawal to card accounts of payment systems (Visa, MasterCard, American Express) and payment systems (AdvCash, Payeer, PayPal, WebMoney, PerfectMoney, Skrill, Neteller, Qiwi and others).

Next, the lack of verification. Perhaps this may seem like a convenient option to someone, but it is important to know that it is easier to perform fraudulent actions with his account without verifying the client.

Another important criterion is the exchange's commission for making transactions. Usually 0.1-0.25% of the transaction amount.

There are 4 main most popular services for determining the rating of crypto exchanges:

  • CoinMarketCap - https://coinmarketcap.com/
  • CoinGecko - https://www.coingecko.com/
  • CryptoCompare - https://www.cryptocompare.com/
  • Nomics - https://nomics.com/

Cryptocompare assigns a rating to each of the crypto exchanges. There is useful information on each exchange.

CoinMarketCap is the world's most popular website for tracking prices for crypto assets, listing data on the cryptocurrency industry, calculating the circulating supply and assessing liquidity for ranking crypto assets.

CoinMarketCap ranks and evaluates exchanges based on the following indicators: web traffic coefficient; average liquidity; trading volume, as well as confidence that the volume reported by the exchange is legitimate. You can choose a different period-from a day to a month. These indicators are assigned weight coefficients, and the spot exchange is assigned a score from 0.0 to 10.0.

When choosing an exchange, you can see the traded cryptocurrency pairs and their percentage of the total trading volume. This allows you to evaluate the most traded cryptocurrency (the most popular) on the selected platform.

In this regard, exchanges with a large trading volume may be significantly lower in the rating than the position of an exchange with a smaller volume.

Top 15 Cryptocurrency Spot Exchanges

CoinMarketCap ranks and scores exchanges based on traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes reported.

Visit the official websites in the list of 15 leading exchanges, get acquainted with the interface, the products that these exchanges offer, choose one or more trading platforms:

Binance, Coinbase Exchange, Huobi Global, Bitfinex, Kraken, KuCoin, Bithumb, Gate.io, Bitstamp, Gemini, Poloniex, Coinone, bitFlyer, Bittrex, OKEx.

*) - Fees are subject to change. Learn more about the current fees, visit the official websites of the exchanges.


How to use a cryptocurrency exchange

The user interface on cryptocurrency apps may differ, but some features available on these platforms are permanent and thus, can be easily located by even first-time visitors. Therefore, you can take the following steps to use a cryptocurrency exchange.

  • Sign up with your email and complete email verification.
  • Go through the KYC process to verify your identity and increase transaction limits.
  • Enable 2FA and other security measures provided by the platform.
  • Access the Deposit button and use your preferred option (fiat or crypto)
  • For fiat deposits, you’re typically provided with a bank account to transfer funds. Once the deposit confirms, you will see them on your exchange account.
  • For crypto deposits, get the address for the asset you want to transfer and send funds from your external address. Wait for network confirmation to access the funds on your exchange account.
  • Locate the “Buy” button if you wish to sell fiat for Bitcoin or other supported cryptocurrencies.
  • For crypto-to-crypto trades, find the “Markets” or “Exchange” tab and select the suitable trading pair, e.g. BTC/ETH to sell Bitcoin for Ethereum.
  • Choose the order type and complete the trade.

Cryptocurrency Exchanges for beginners and experienced crypto investors

CoinMarketCap has presented a list of the 5 best cryptocurrency exchanges for beginners:

We have added 7 more exchanges to the list, which allow users to significantly improve their trading experience; not only to master the skills of trading digital assets, but also to use all exchange products and tools with maximum efficiency:

In addition to a set of advanced trading functions and charting tools, Bitfinex, Bittrex, KuCoin, Huobi, Gate.io, eToro provides access to peer-to-peer financing (P2P), over-the-counter market and margin trading for a wide range of digital assets and derivatives trading. The strategies of these exchanges focus on providing the best crypto trading experience to professional traders and liquidity providers around the world with the help of advanced technologies.

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Binance

Bitcoin Exchange | Cryptocurrency Exchange | Binance. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume

Kraken

Bitcoin & Cryptocurrency Exchange | Bitcoin Trading Platform | Kraken. Kraken is more than just a Bitcoin trading platform. Come see why our cryptocurrency exchange is the best place to buy, sell, trade and learn about crypto.

Kraken is one of the most secure online cryptocurrency exchanges in the world. The exchange offers users two-factor authentication (2FA), PGP encryption and settings blocking, which prevents any account changes in a certain period of time.
For all the time of its existence, Kraken has not been hacked, but there have been cases when the accounts of careless users were hacked due to the lack of 2FA security.

Kraken is a Most Secure Crypto Exchange

Kraken is one of the TOP 5 largest cryptocurrency exchanges.

Kraken exchange serves more than 4 million customers in more than 200 countries.

The platform is registered in the United States as Payward, Inc. The headquarters is located in San Francisco. Kraken is a self-regulating exchange, that is, it develops its own security policy and operating rules. At the same time, it complies with the rules and regulations in many supported jurisdictions. It is registered as a Money Services Division (MSD) in FinCEN in the USA and FINTRAC in Canada. Kraken Futures is regulated in the United Kingdom by the Financial Supervisory Authority.

Supported cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (DCH), Litecoin (LTC), DASH and others.

Supported fiat currencies: USD, EUR, GBP, JPY and CAD.

Kraken has all the features for both beginners and more advanced traders and crypto investors. 

For beginners, the exchange has a resource center that can help you get acquainted with the basics of trading cryptocurrencies. For advanced users, the exchange has almost the entire set of order types, margin, futures trading and Kraken-OTC desk.

Kraken resource center will help guide you through the basics of trading crypto and how it's changing the way the world thinks about money and finance.

For trading on the Kraken exchange, a user can use 100 trading pairs. 40 % of all transactions are made on the BTC/USD pair.

There are several types of orders on the Kraken exchange:

  • Market - Intended for immediate execution. In fact, this is an exchange at the current market price.
  • Limit - allows the trader to carry out a purchase/sale transaction at the price that he sets himself. The order is executed only when there is an offer on the market that corresponds to the user's request. This can take a significant amount of time.
  • Advanced orders (stop loss, take profit, stop loss limit, take profit Limit) - These orders are associated with the setting of a certain price or loss by the trader, after which the order is triggered.

Trading mode settings are also available:

  • Simple - Only the price or the number of coins and the type of order — limit or market-are configured.
  • Average - The price or number of coins, the type of order, leverage, transaction time, commission currency are configured.
  • Complex - Additional types of advanced orders and their settings are added.

Commission for makers:

  • 0.16% — if the trading volume for 30 days does not exceed $50 thousand.
  • 0.14% — if the trading volume for 30 days exceeds $50 thousand,
  • up to 0% - with a subsequent increase in the trading volume for 30 days.

Commission for takers:

  • 0.26% — if the trading volume for 30 days does not exceed $50 thousand.
  • 0.24% — if the trading volume for 30 days exceeds $50 thousand,
  • up to 0.10% - with a subsequent increase in the trading volume for 30 days.

Alternatives to the Kraken exchange are the cryptocurrency exchanges Bittrex, Coinbase, Binance and Bitfinex.


Coinbase

Coinbase: a simple and secure way to buy, manage and sell your cryptocurrency.
Coinbase: The best place to get started with Crypto

Coinbase: a simple and secure way to buy, manage and sell your cryptocurrency.

Coinbase is one of the world's largest cryptocurrency exchanges with more than 56 million users in 32 countries around the world. 

Coinbase allows you to safely buy, store and sell cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic(ETC), Litecoin(LTC), BAT, ZRX and USDC.

More than 98% of cryptocurrencies are securely stored offline, and the rest is protected by the industry-leading online security system. Your Coinbase account is subject to strict security standards, including multi-step verification and bank-level security.

Regardless of whether you are a beginner or an experienced trader, the Coinbase platform will offer you all the convenient tools for creating your personal crypto portfolio.

Coinbase products for individuals:

  • Coinbase - Buy, sell, and use crypto
  • Wallet - The best self-hosted crypto wallet
  • Earn - Learn and earn crypto
  • Card - Spend crypto, earn crypto rewards
  • Private Client - For trusts, family offices, and UHNWIs
  • USD Coin - Crypto with a stable price
  • Pro - Advanced crypto trading

Alternatives to the Coinbase exchange are the cryptocurrency exchanges Bittrex, KrakenBitfinex and Binance.


CEX.IO

Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO. Buy and sell Bitcoins for USD, GBP or EUR with payment cards or via bank transfers easily. Get into Bitcoin Trading on the worldwide Bitcoin Exchange.

CEX.IO is the Bitcoin trading platform that combines the crucial features: enhanced security, variety of options and high market liquidity. The team applies every effort to make your trading on the platform as convenient and safe as possible.

CEX.IO registered in 2013 in London, United Kingdom. Now, CEX.IO is a global cryptocurrency exchange that operates in most countries of the world (in the United States — in 47 states), has more than 3 million registered users and works with 28 types of coins, the list of which is constantly expanding, and 4 types of fiat currencies (USD, EUR, GBP, RUB). 

Most experts and opinion leaders emphasize the combination of ease of use and a wide range of CEX.IO trading opportunities, which allows both beginners and more advanced users to trade and invest using the tools of this platform.

The company adheres to the "Know Your Customer" (KYC) policy, as well as anti-money laundering (AML), has received a PCI DSS certificate, as proof of compliance with the data security standards of the payment card industry. On the CEX.IO website is available for two-step authentication using calls, SMS and Google Authenticator.

CEX.IO charges a commission for trading operations on all pairs in the amount of 0.16 % - 0.25 %. The commission depends on the daily trade turnover. When a high trade turnover is reached, the commission percentage decreases.

CEX.IO offers a convenient interface for registering and executing trade transactions both from a PC and from a mobile device using a mobile application CEX.IO. Trading is available on the company's website, using a mobile application via the API.

Alternatives to the CEX.IO exchange are the YoBit and EXMO cryptocurrency exchanges.


EXMO

 Bitcoin Trading | Cryptocurrency Exchange | EXMO

Founded in 2016, the EXMO Exchange is an excellent choice for beginners and more advanced users. The main advantages of the Exmo exchange are its simplicity and reliability. Many users speak about this exchange as one of the most convenient and simple for novice traders. Its interface is intuitive, simple and not overloaded with information. 

Most experts consider the EXMO Exchange to be one of the best cryptocurrency exchanges because of its diverse functions.

Here is a short list of these functions:

  • More than 195 trading pairs can be purchased for both cryptocurrency and fiat currencies.
  • Advanced, but simple trading modes.
  • Responsive EXMO mobile application for convenient trading, replenishment and verification.
  • An exclusive over-the-counter (OTC) trading service for sales over $ 100,000.
  • User-friendly interface with several sections for the latest news.
  • SSL is supported to ensure reliable security.
  • Online chat for communication with the managers of the customer support service.
  • Low fixed commission, day trading, and a simple AML policy. 
  • Round-the-clock customer support in several languages, such as English, Turkish and Russian.

EXMO Products:

  • Funding
  • Trade (Simple, Advanced, Margin)
  • Cashback
  • VIP-clients
  • OTC-Trading
  • EXMO Coin
  • Buy Crypto with Сredit Сard (Powered by Simplex Fiat-to-Crypto Gateway)
    • Fast: Average 10-30 mins for cryptocurrency to reach your wallet;
    • Convenient: Both Visa and Mastercard accepted.

Bitfinex

Bitfinex | Cryptocurrency Exchange | Bitcoin Trading | Futures Trading | Margin Trading. Bitfinex offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage. Margin funding. Liquidity providers can generate yield by providing funding to traders wanting to trade with leverage. Funding is traded on an order book at various rates and periods. Margin trading. Bitfinex allows up to 10x leverage trading by providing traders with access to the peer-to-peer funding market. Order types.

Bitfinex offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage. Margin funding. Liquidity providers can generate yield by providing funding to traders wanting to trade with leverage. Funding is traded on an order book at various rates and periods. Margin trading. Bitfinex allows up to 10x leverage trading by providing traders with access to the peer-to-peer funding market. Order types.


Liquid

Buy, Sell & Trade Cryptocurrencies | Liquid.com. Join the world’s most comprehensive and secure trading platform for beginners and pros. Buy and sell Bitcoin, Ethereum, XRP and other cryptocurrencies.

Founded in 2014, Liquid is one of the world's largest cryptocurrency and fiat exchange platforms serving millions of customers around the world.

Liquid is consistently included in the TOP 15 regulated cryptocurrency exchanges around the world based on the daily trading volume with high liquidity. 

The Liquid exchange is focused on providing an excellent user experience, world-class services and is perhaps the best alternative to the cryptocurrency exchanges Coinbase, Kraken, Binance.

Products:

  • Trade
- Spot Trading - Lightning fast order execution.
- Margin Trading - Up to 25x leverage.
- Liquid Infinity - Up to 100x Leverage.
- Liquid Perpetuals - A smart liquidation system.
  • Buy & Swap Crypto
  • Markets
  • Earn (Loan Market)
  • Listings

At its core, Liquid is an institutional-level exchange that meets the needs of blockchain projects and consumers who have access to new markets and fiat gateways. Liquid's capabilities allow trading, buying, selling, and earning cryptocurrencies not only for experienced users, but also for beginners.


Huobi Global

Huobi.com - Bitcoin Exchange. Huobi Global is the world-leading Bitcoin trading platform, providing secure and steady digital asset trading services. Users can deposit, trade, and withdraw digital assets on Huobi Global. Learn Bitcoin prices on Huobi.com.

Bittrex Global

Buy Bitcoin & Ethereum | Cryptocurrency Exchange | Bittrex Global. Bittrex Global is the best place for you to buy, trade and sell Bitcoin, Ethereum and over 250 other cryptocurrencies safely and securely.

KuCoin 

KuCoin | Cryptocurrency Exchange | Buy & Sell Bitcoin, Ethereum, and More. KuCoin is the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON, USDT, NEO, XRP, KCS, and more.

KuCoin is the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON, USDT, NEO, XRP, KCS, and more. KuCoin also provide Excellent Support, Maker, Taker Transaction Fees, Open API.

Products: Spot Trade, Margin Trade (10x Leverage), Derivatives: Contract (Futures), P2P, Fast Buy, Pool-X, Staking, Crypto Lending (Lend out Cryptos to earn interest), Trading Bot.

KuCoin has one of the best Beginner's Guide on the market.


Gate.io

Gate.io - Bitcoin & Cryptocurrency Exchange. Gate.io is one of the global top 10 cryptocurrency exchanges with authentic trading volume. We provide safe and transparent transactions. Buy, sell or trade of hundreds of digital currencies such as Bitcoin (BTC), Litecoin(LTC), Ethereum(ETH), EOS(EOS),Ripple(XRP), Tether (USDT) etc.

Gate.io - Bitcoin & Cryptocurrency Exchange. Gate.io is one of the global Top 10 cryptocurrency exchanges with authentic trading volume. Gate.io provide safe and transparent transactions. Buy, sell or trade of hundreds of digital currencies such as Bitcoin (BTC), Litecoin(LTC), Ethereum(ETH), EOS(EOS), Ripple(XRP), Tether (USDT) etc.

Gate.io Products

Gate.io Trade

Spot

  • Spot Trading - Standard, Professional
  • Margin Trading - Borrowing from other users to amplify the profit and loss
  • ETF - Crypto ETF products, including leveraged, combined, and inverse ETFs
  • Push Transaction - Transfer an asset at a given price to another account using Push functionality, a peer-to-peer sell/buy operation
  • Flash Swap - Swap one currency for another in one-click

Derivative

  • Perpetual - A crypto derivative, it differs from the traditional futures mainly in that it has no settlement date
  • Delivery - Future contracts that are settled at expiration time. No funding payment is received or paid
  • CBBC - Callable Bull/Bear Contract, a structured product.High leverage, Easy purchase, Low fee.
  • Warrant - If you are bullish on the price movement of the underlying asset, buy a call warrant; if you are bearish, buy a put warrant

Gate.io Finance

A one-stop solution for asset management platform

Lend

  • HODL & Earn - A blockchain assets earning platform which facilitates stable earnings for your cryptocurrency investment
  • Periodic Investment Plan - One-click investment, flexible portfolio, redeemable and changeable anytime
  • Crypto Lending - A investment to lend your crypto at specified interest rate and loan term to get earnings
  • Dual Currency Product - Earn no matter price rise or price fall

Loan

  • Crypto Loan - Crypto loan is to pledge one crypto to borrow another
  • Margin Borrowing - Borrowing to amplify your buying power with your own holdings as margin

Mining

  • Yield Farming - Earn income from fees by providing liquidity to the market
  • Lending & Yield Farming - Provide liquidity to earn income. Deposit or withdraw anytime.

eToro 

eToro - The World’s Leading Social Trading and Investing Platform. Trade and invest in cryptocurrencies, stocks, ETFs, currencies, indices and commodities or copy leading investors on eToro's disruptive trading platform.

eToro is the world’s leading social trading platform and Investing platform, which offers both investing in stocks and cryptocurrencies, as well as trading CFD with different underlying assets. Trade and invest in cryptocurrencies, stocks, ETFs, currencies, indices and commodities or copy leading investors on eToro's disruptive trading platform.

Cryptocurrencies - Buy, sell and store bitcoin and other leading cryptosystems. Explore the ever-expanding variety of cryptocurrencies. Create your own crypto portfolio. The main difference between eToro and most exchanges is the almost immediate execution of market orders. 

Stocks & ETFs - Invest in stocks with 0% commission. Buy in bulk or just a fraction. 

CFD Trading - Go long or short on FX from just 1 pip. Trade commodities and indices with flexible leverage. 

eToro provides investors, from beginners to experts, with a comprehensive crypto trading experience, on a powerful yet user-friendly platform.

Build your ultimate crypto portfolio:

  • Trade a wide variety of leading cryptocurrencies and crypto crosses
  • Follow each coin’s trends with advanced charts and analysis tools
  • Create a custom Watchlist and stay informed with real-time updates
  • Staking service – Grow Your Crypto While You HODL

Bank on eToro’s experience as a global fintech leader since the early days of Blockchain to provide you with a complete crypto trading solution. Whether you’re a crypto beginner or a seasoned coiner, accessing a world of crypto services has never been easier.

Three products, one holistic crypto experience:

Trading Platform:

An easier way to buy crypto

  • Buy & sell crypto instantly
  • Hassle-free deposits & withdrawals
  • Free market research & analysis tools
  • Connect with and copy other crypto traders

Exchange:

Advanced cryptocurrency exchange

  • Institutional-grade algo trading capabilities
  • Deep liquidity & tight spreads
  • Expanding list of cryptoassets & stablecoins
  • Unique set of tokenised assets

The eToro Money crypto wallet:

  • Supports +120 cryptocurrencies
  • Change crypto to crypto
  • Unlosable Security Key
  • On-chain address: transfer your crypto anywhere on the blockchain* (*Supported blockchain addresses)

Fees when trading crypto on the eToro platform

  • eToro does not charge any deposit or trading fees other than spreads.
  • Trading on the eToro platform occurs in USD. If you deposit or withdraw in a foreign currency other than USD, a conversion fee will apply.
  • eToro charges a $5 fee for withdrawals and the minimum withdrawal amount is $50.

Buy bitcoin on a centralized cryptocurrency exchange (CEX): step by step

It is necessary to perform 4 steps.

Step 1: Submit personal documents to verify your identity.

After you have chosen the exchange, now you need to submit your personal documents. Depending on the exchange, they may include photos of the state identification card (ID card), driver's license, proof of residence address, as well as information about the source of funds. The information you may need may depend on the region in which you live and the laws in it.

Step 2: Connect the Exchange to the payment method.

After the exchange confirms your identity and legality, you can connect the payment method. On most exchanges, you can connect your bank account or debit / credit card.

There are various fees for deposits via a bank account, debit or credit card. It is important to study the fees associated with each payment option to help choose an exchange or choose which payment option is best for you. Exchanges also charge a commission for each transaction. This commission can be either fixed (if the trading amount is small), or a percentage of the trading amount. When using Credit Cards, a data processing fee is charged in addition to the transaction fee.

If possible, register on several exchanges, compare commissions and fees, and choose the most acceptable option for yourself.

Step 3: Place an order.

After you have chosen an exchange and connected a payment method, you are ready to work and can buy bitcoin and other cryptocurrencies.

Crypto exchanges today offer a number of order types and ways to invest. Almost all crypto exchanges offer both market and limit orders and some also offer stop-loss orders. Of the exchanges mentioned above, Kraken offers the most order types. Kraken allows for market, limit, stop-loss, stop-limit, take-profit, and take-profit limit orders.
Aside from a variety of order types, exchanges also offer ways to set up recurring investments allowing clients to dollar cost average into their investments of choice.

It is important to note that most exchanges give you the opportunity to purchase bitcoin not only through exchange trading, but also by directly buying cryptocurrency using the built-in purchase service through Fiat-to-Crypto gateways.

For example,

Exchange Bitcoin.com offers to buy cryptocurrency using Fiat-to-Crypto gateways Mercuryo, Banxa, MoonPay (payment methods-Visa, Mastercard, Google Pay, Apple Pay)

Alternative to Coinbase – one of the oldest exchanges with a well-deserved high reputation, Beaxy makes it possible to buy cryptocurrencies (BTC, ETH, USDT) through the Simplex Fiat-to-Crypto gateway, which accepts all major credit and debit cards.

All Fiat-to-Crypto gateways offer different fees for the purchase of bitcoin and other cryptocurrencies; the amounts of these fees differ from each other. You can compare the fees and choose the best option (with the lowest fee) using the comparison service BuyBitcoins24.com. Thus, you can purchase bitcoin without overpaying.

Step 4: Secure storage of Bitcoin and other crypto assets. Choosing a wallet.

Most exchanges offer wallets for their users (they are created automatically). However, many experts and experienced crypto traders do not recommend using an exchange wallet to store cryptocurrency savings or assets.

Cryptocurrency wallets are a place for more secure storage of digital assets. Having your cryptocurrency off the exchange and in your personal wallet ensures that only you have control over the private keys that provide access to your funds. It also gives you the opportunity to keep funds away from the exchange and avoid the risk of possible hacking of your exchange and the loss of your funds.

Exchanges, exchange wallets and user credentials are the main targets of scammers who almost constantly carry out hacker and phishing attacks. The user of the exchange wallet is not the holder of the private key to the cryptocurrency that is stored in this wallet. If an event occurs when the exchange is hacked or your account is compromised, your funds will be lost forever.

The phrase "not your key, not your coin" is also relevant for the cryptocurrency market.

Here are some statistics facts: According to analysts, until October 2020, the blockchain industry lost more than $13.6 billion, if we sum up all the attacks since 2012.

Wallets from different manufacturers have different capabilities. Some allow you to store only bitcoin, others-a lot of altcoins. Wallets of leading manufacturers allow not only to buy cryptocurrencies, but also to exchange one token for another.

As in any business, there are leading companies for the production of crypto wallets. It is necessary to get acquainted with the best models and choose an acceptable option for yourself.

2.2. Hot & Cold Crypto Wallets

Thus, when it comes to choosing a Bitcoin wallet, you have several options. The first thing you need to know about crypto wallets is the presence of "hot" wallets (online wallets) and "cold" wallets (paper and hardware wallets).

Hot & Cold Wallets

Hot Crypto Wallets

Online wallets are also known as Hot Wallets.

Hot wallets are wallets that work on Internet-connected devices, such as computers, smartphones or tablets. This can create a vulnerability, because these wallets generate private keys to your coins on these Internet-connected devices. While a hot wallet can be very convenient in the sense that you can quickly access your assets and make transactions with them, storing your private key on an Internet-connected device makes it more susceptible to hacking.

Hot wallets are safe (in terms of access to your crypto assets) as long as you personally take proper precautions. Strong passwords, two-factor authentication (2FA) and secure Internet browsing should be considered the minimum requirements.

Hot wallets are best used for small amounts of cryptocurrency or the number of cryptocurrencies that you actively trade on the exchange. A hot wallet can be compared to your checking account. By analogy with one of the rules of financial literacy: "Spending money-keep only in a checking account, the bulk of your money should be placed in savings accounts or other investment accounts." This financial postulate is applicable to the placement and storage of crypto assets in hot wallets. 

Hot wallets include mobile, desktop, web wallets and wallets for storing exchange accounts.

Try the ZenGo hot wallet.



Get ZenGo. ZenGo is the first keyless bitcoin and cryptocurrency wallet - the most simple and secure way to manage your crypto assets. ZenGo - Bitcoin & Cryptocurrency Wallet

ZenGo is the first keyless bitcoin and cryptocurrency wallet - the most simple and secure way to manage your crypto assets.

Buying cryptocurrency in ZenGo is easy and safe. You can buy Bitcoin (BTC), Ethereum( ETH), USD Coin (USDC) and many other cryptocurrencies using a credit card (Visa and Mastercard), Apple Pay, bank transfer (SEPA and SWIFT) or debit card (Maestro). 

With ZenGo, you can buy cryptocurrency through the MoonPay Fiat-to-Crypto gateway and the Coinmama crypto trading platform in 190 countries around the world.

Coinmama | Buy and Sell Cryptocurrency Online. Coinmama is the leading cryptocurrency exchange platform to buy & sell crypto with credit card, debit card or bank transfer.

Try, also, the most popular hot bitcoin wallets:

  • Best for Beginners: Exodus

Exodus is a desktop and mobile wallet with a very simple user interface and an exchange built-in. One of Exodus’s most popular features is the ability to swap between a growing number of cryptocurrencies. Exodus currently allows for swaps between over 100 different cryptocurrencies.

  • Best for more advanced users interested in just bitcoin: Electrum

Electrum is one of the original Bitcoin wallets. It has been around since 2011, two years after Bitcoin’s creation, and has changed little since. While this wallet is bare-bones in terms of its user interface and its commitment to only Bitcoin, it excels at this primary function. Electrum is also more suited for advanced users due to its complex options.

  • Best for mobile users: Mycelium

Mycelium is an open-source and mobile-only Bitcoin wallet. Mycelium currently only supports Bitcoin, ETH, ERC-20 tokens, and FIO token. In some ways, Mycelium is quite similar to the Electrum wallet with some of the differences being that it is mobile only, has a more refreshed user interface than Electrum, and also has a built-in exchange.

Cold wallets

In short, a cold wallet is a cryptocurrency wallet that is not connected to the Internet and therefore it is at a much lower risk of being compromised or successfully attacked by intruders and scammers. These wallets are often called stand-alone wallets and have the generally accepted name "hardware wallets".
Cold wallets store the user's private key without an Internet connection, and can be supplied with software that works in parallel so that the user can view his crypto portfolio without putting his private key at risk.

Paper wallet

Perhaps the safest way to store cryptocurrency offline is a paper wallet.

A paper wallet is a wallet that you can create on certain websites. You print out public and secret keys on a piece of paper and can store a paper wallet in your bank or in a safe at home. Paper wallets are designed for high security and long-term investments, because you cannot quickly sell or exchange bitcoin stored in this way.

However, you need to be aware of the following fact. On the exchange's news web portal Bitcoin.com in February 2021, the news was published that some users lost their crypto savings due to the fact that one of the popular paper wallet generators was compromised. One user claims that his $ 700,000 in bitcoin equivalent was sent to another wallet 1 minute after loading the paper wallet. Thus, no matter what type of wallet generator is used, it should always be completely autonomous. A user who tries to create a cryptocurrency paper wallet online, being connected to the Internet, is extremely vulnerable to hacker exploits.

Card Wallet - Store Bitcoin safe and easy. Card Wallet Bitcoin | Card Wallet. Details The Card Wallet is the ideal solution for storing Bitcoin in the long term, offline and secure. It is not pre-loaded with Bitcoin.

Not relying on a third party to generate private keys always is the best option – assuming you have the technical expertise. If you know what needs to be done to generate private keys in a secure way, and also know how to create a long-term storage, then doing this all on your own would be the best option. For all other users, especially Bitcoin novices, the Card Wallet is a good alternative, as it does not require any technical expertise on the user-side.

Card Wallet - Store Bitcoin safe and easy. Card Wallet Bitcoin | Card Wallet. Details The Card Wallet is the ideal solution for storing Bitcoin in the long term, offline and secure. It is not pre-loaded with Bitcoin.

Card Wallet Security features

High-quality security materials and tamper-proof features prevent the manipulation of the card.

  1. Tactile security features
  2. Hologram
  3. Security slits
  4. Security seal
  5. ChainLockCode
  6. Forgery-proof features

Hardware Wallets

Hardware Wallets: The safest and most durable way to provide reliable protection for your crypto assets.

A hardware wallet is a cryptocurrency wallet which stores the user's private keys (critical piece of information used to authorise outgoing transactions on the blockchain network) in a secure hardware device.The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone.

Unlike internet-connected hot wallets (software wallets, smartphone app wallets, online wallets and wallets of all cryptocurrency exchanges), cold hardware wallets store private keys; offline, securely and generate private keys to cryptocurrencies without an Internet connection. This means that you can be sure that no one but you, at best, knows your private key and cannot access your crypto assets.

Hardware Wallets

Hardware wallets: rationale for use, capabilities, features, advantages

Online wallets are not 100% safe

  • Unless you have a hardware wallet, you are not out of reach from hackers, and are at risk of losing your login information.

Interacting with the Blockchain required individual key management

  • Hardware wallets allow you to store your cryptographic keys offline in order to protect your coins. It also allows you to recover your coins in case you lose or break your device, thanks to your recovery seed.

Hardware wallet is the main way to comprehensively protect crypto assets

  • The combination of several ways to store cryptocurrencies - in a software wallet, in a cryptocurrency exchange wallet, in a hardware wallet and in a paper wallet - significantly reduces the risk of your cryptocurrency assets being stolen or fraudulent.

Safe, fast and profitable trading and exchange operations with cryptocurrencies

  • Integration of the functions of direct exchange, buying and selling cryptocurrencies into the software of hardware wallets provides a convenient, secure, profitable multiplication of cryptocurrency assets.

Due to the additional hardware, hardware wallets have some advantages over software wallets

  • Private keys are often stored in a protected area of a microcontroller and cannot be transmitted in plain text from the device Immune to computer viruses stealing from software wallets can be used securely and interactively, private keys never need to touch potentially vulnerable software. The software is open source in most cases, so that the user can validate the entire operation of the device.

Hardware wallets are a must-have tool for a cryptocurrency investor

  • They provide complete autonomy for private keys, making them immune to any type of remote hacking. The hardware wallet initial recovery method makes it easy to store and restore your crypto assets.

How to choose a hardware wallet? 

This question is the most important for a novice crypto investor. The answer to this question is determined by the goals and objectives that the future owner of the hardware wallet sets for himself. 

It is important to answer three key questions for yourself:

  1. How important is multicurrency to you?
  2. How often are you going to make transactions?
  3. How important is it for you to make transactions via your smartphone?

As a rule, the answers to these three key questions allow you to determine or at least limit the number of options. 

Let's look at  five examples:

1. I'm going to store only bitcoin and will not make frequent transactions.

In this case, you do not need to overpay and purchase the Trezor T, Ledger Nano X models. You are quite suitable for the younger models (by year of release).

Trezor One, Ledger Nano S or KeepKey hardware wallet, which by price category belongs to the segment of the previously listed wallets; a good solution may be to choose a hardware wallet BitBox02, which supports only Bitcoin.

Trezor Model One 

Ledger Nano S


KeepKey


BitBox02

2. I need a wallet with the highest multicurrency.

In this case, it is recommended to consider the Ledger Nano S or Ledger Nano X line of wallets that support a variety of cryptocurrencies. Also, you can see Trezor Model T, which has a wider list of cryptocurrencies compared to the earlier Trezor One model. Also, it is worth considering that working with many coins is carried out through integration with third-party interfaces;

Ledger Nano S & Nano X

Trezor Model T

3. I want to be able to make payments via a smartphone. 

In this case, the list of wallets is greatly reduced to a wired connection (only for Android) with support for the "On the go" connection type. These are the hardware wallets Trezor Model One, Trezor Model T, Ledger Nano S, Ledger Nano X, or Bluetooth connection, which is supported only in two wallets – Ledger Nano X and CoolWallet S.

4. I want not only to save, exchange and send cryptocurrencies, but also to buy them with the lowest fees.

In this case, Trezor is probably the best option.

Trezor Suite. New desktop & browser app for Trezor hardware wallets. Trezor Suite brings big improvements across three key pillars of usability, security and privacy.

In the past, buying coins through a hardware wallet was very expensive. As part of the Trezor Suite, you get access to Invity.

Trezor Suite is a new desktop and browser app for Trezor hardware wallets. Trezor Suite brings big improvements across three key pillars of usability, security and privacy.

Invity is a company founded by SatoshiLabs, creators of the Trezor hardware wallet. It was established to help Trezor users buy Bitcoin at a fair price from reputable, verified third parties without needing to hold their funds on an exchange. Invity helps Trezor become a unified crypto service. Buy, exchange, save and spend cryptocurrency, all in one place.

Invity - Get the best Crypto offers in just a few clicks

Invity is a new way to buy bitcoin and other cryptocurrencies directly on your hardware wallet and put coins directly on your wallet. Indeed, the innovative part of Invite is that it really saves you money.

With Invity, Trezor cooperates with dozens of exchanges and fiat-to-crypto gateways, which it has tested for good customer service, and allows you to compare prices in real time, so you pay the lowest fees for your crypto purchases.

You can now try to compare the prices of the main Fiat-to-Crypto Gateways and choose the best option with the lowest fees using the Onramper widget. This will allow you to significantly save money when buying cryptocurrency. Savings, in some cases, can reach up to 15 %.

Invity - Get the best Crypto offers in just a few clicks

5. I want not only to ensure the security of my crypto assets with the maximum level of protection, but also to increase my crypto portfolio by buying, exchanging, stacking, lending crypto - 100% secure, as well as get access to all intelligent services – DeFi apps, NFS and many others – in one powerful app.

In this case, protect your cryptocurrencies with the help of Ledger Nano hardware wallets. Then, use the Ledger Live app. This option will allow you to effectively manage and grow your crypto portfolio.

Ledger Live is the must have companion to your Ledger devices, the application allows you to manage quickly, securely easily your assets, so you can keep an eye on the value of your assets,  buy, exchange, grow your crypto - and more. All in one app.

Ledger Live: Most trusted & secure crypto wallet. Ledger Live is the must have companion to your ledger devices, the application allows you to manage quickly, securely easily your assets, so you can keep an eye on the value of your assets. Ledger Live: Buy, exchange, grow your crypto - and more. All in one app.

How to get discounts when buying a hardware wallet

Tips for choosing a hardware wallet for a beginner

1. Before buying and choosing a hardware wallet, visit the official websites of the wallet manufacturers, as well as the websites of the official manufacturers' stores.

2. Check out the latest hardware wallets, as well as current promotions and discounts offered by wallet manufacturers, including for beginners. 

These events are held constantly. Promotions can be offered in various formats: for beginners, when buying a bundle, on the occasion of holidays, the beginning of the season, the launch of a new wallet model, for the family, the company's birthday, joint promotions with partners, etc. 

Promotions can also be held jointly with partners, for example, with the participation of cryptocurrency exchange platforms or fiat-to-crypto gateways that are integrated into the hardware wallet of a particular manufacturer.

For example,

The ShapeShift exchange platform, integrated into the KeepKey hardware wallet, sometimes offers a time-limited purchase of cryptocurrencies with 0% fees using a credit card through the Banxa fiat-to-crypto gateway;

The Changelly exchange platform, which is integrated into the Trezor hardware wallet, offers a time-limited promotion for buying cryptocurrencies with 0 % fees using a credit or debit card through the MoonPay fiat-to-crypto gateway.

Crypto Starter Pack by Ledger

This pack contains a selection of everything you will need to start off on the right foot. Including a Ledger Nano S, a beginner’s guide in PDF format with ultimate tips and tricks, and a 25$ voucher -mailed 14 days after purchase - for you to buy your favorite crypto!

Trezor Starter Package 

The manufacturer of the Trezor hardware wallet - SatoshiLab company, in addition to the Trezor One starter model and the beginner's guide, teaming up with the Coinify fiat-to-crypto gateway and the Invity exchange platform, offers a limited-time promotion Trezor Starter Package with a price of 59 euros (Trezor Model One hardware wallet, beginner's guide, a voucher for 10 euros of cryptocurrency of your choice, sent directly to the storage of the hardware wallet).

Many of the hardware wallet manufacturers, such as Ellipal, D'CENT, SafePalKeystone (formerly Cobo), CoolWallet S and others, offer customers free shipping worldwide when purchasing two or more hardware wallets when ordering from the official web store.

3. Before purchasing a wallet, it is recommended to subscribe to the newsletter on the official website of the wallet manufacturer.

Very often, new subscribers are offered a personal discount when buying a hardware wallet. In addition, you will always be aware of the news not only of the wallet manufacturer, important changes and trends in the cryptocurrency market, but also of the news about a specific wallet model (features of working with the wallet, firmware updates, recommendations, guidelines for exchanging and buying cryptocurrencies, etc.).

4. When choosing and ordering a hardware wallet in the official hardware wallet web store, apply discounts from hardware wallet partners.

These discounts can reach up to 30 %!

So, for example: 

More than 30% discount when buying a D'CENT biometric hardware wallet with the BuyBitcoins24 link (valid now) 

More than 30% discount when buying a D'CENT biometric hardware wallet (2X Package) with the BuyBitcoins24 link (valid now)

Discounts of 10% and 15 % when buying a SecuX hardware wallet with the promo code "buybitcoins" (valid now)

5. Check out the list of official hardware wallet resellers in your country or region. You can see the reseller contacts on the official website of the wallet manufacturer (usually in the footer).

Buying a hardware wallet from the manufacturer's official web store or from an official reseller is a significant saving of your money, a purchase without overpayment, convenience, highly qualified warranty service for your hardware wallet, professional advice and, most importantly, security.


TOP 20 Hardware Wallets, the Official online stores

1
Trezor hardware wallet, the official online store
2
Ledger hardware wallet, the official online store
3
KeepKey hardware wallet, the  official online store
4
BitBox02 hardware wallet, the official online store
5
CoolWallet hardware wallet, the official online store
6
Ellipal hardware wallet, the official online store
7
D'CENT hardware wallet, the official online store
8
SafePal hardware wallet, the official online store
9
SecuX hardware wallet, the official online store
10
BC Vault hardware wallet, the official online store
11
BitLox hardware wallet, the official online store
12

Keystone hardware wallet, the official online store

13
ProKey hardware wallet, the official online store
14
NGRAVE hardware wallet, the official online store
15
Keevo hardware wallet, the official online store
16
GridPlus hardware wallet, the official online store
17
SatoChip hardware wallet, the official online store
18
Ballet hardware wallet, the official online store
19
FuzeW hardware wallet, the official online store
20
OPOLO hardware wallet, the official online store
The World Easiest Cryptocurrency Wallet. Ballet wallets are our solution to make cryptocurrency easy for everyone. They offer a simple and elegant user experience that allows new crypto users to receive, store, send, buy and sell cryptocurrency. Our innovative wallets are the world’s easiest-to-use cryptocurrency wallets.

Hot and cold wallets: Conclusions

1. Cold wallets are the safest way to store bitcoin or other cryptocurrencies. However, they require a little more knowledge to set them up and use them.

2. The best option for a crypto investor, the owner of bitcoin and other cryptocurrencies is to have all 4 types of wallets at the same time - an exchange wallet for buying and selling, a hot wallet for storing small and medium amounts of cryptocurrencies that you want to trade or sell, a cold hardware wallet for storing large stocks for a long time, as well as a cold paper wallet.


Better backup for your Bitcoin

Getting bitcoin is easy - holding on to it is trickier. Even with a hardware wallet, offline paper backups can be a single point of failure. SatoshiLabs created Shamir backup to offer better offline security, with an open standard that recovers wallets from multiple shares.

What's special about Shamir backup?

The Shamir HODL Pack lets you make distributed backups for stronger security with Shamir backup. This robust, disaster-resistant bundle includes a Trezor Model T and 5 stainless-steel Cryptosteel capsules. Compact and easy to hide, the capsules are made specifically for storing wallet recovery seeds like Shamir and will survive years left in damp, dirty or otherwise unfavorable environments. Using Shamir backup, wallets are recovered only if a certain number of shares are present. By hiding each share separately, you prevent anyone else from accessing your funds if they find your secure storage place.

Shamir HODL Pack

  • Resilient and secure
  • Trezor Model T Hardware Wallet
  • 5 Cryptosteel Capsules

Included in the Shamir HODL Pack are a Trezor Model T hardware wallet and 5 Cryptosteel capsules. This lets you create a strong and practical 3-of-5 backup, resilient against loss, theft or damage, without compromising security even if someone manages to acquire two of the shares. 

Cryptosteel is the best backup tool to store wallet recovery seed phrases, private keys and passwords without any third-party involvement.

How to use the Shamir HODL Pack 

With the included Trezor Model T hardware wallet, generate a unique set of up to 16 shares and choose a recovery threshold of one share or more. This bundle is best used with a total of five shares and a recovery threshold of three, meaning two seeds could be compromised without affecting security.

Transferring the shares from your wallet to the capsules is an easy process: stack letter tiles containing the first four unique letters of each word, in sequence, onto the threaded metal core, then screw on the metal cap and hide it on its own somewhere only you can access.

To recover your wallet, you'll only need to gather together the same number of capsules you set as a share threshold - usually three. Open the capsule and read the words directly from the core - there's no need to take the capsule apart completely. Thanks to the recovery threshold, some shares can be stored far away and others kept in closer proximity.

Upgrade your security with the Shamir HODL Pack and make sure your funds are safe for the future.


TOP 10 Best Metal Cold Storage Seed Phrase Backups For Your Bitcoin Wallet

Cryptosteel

CryptoSteel

Cryptosteel comes in two forms – the Capsule and the Cassette

Cryptosteel Cassette

Shop for original Cryptosteel products direct from the manufacturer. Free shipping on all orders over $150. Zero questions asked lifetime return policy.

The Cryptosteel Cassette was the first metal storage backup tool on the market. It is designed to securely store recovery seeds and other alphanumeric data in up to 96 characters with no need for specialised tools or third-party involvement.

Each Cassette comes with its own kit of stainless steel tiles engraved on each side. Depending on the format of your backup, you can choose the best character set for you.

Cryptosteel Capsule

Shop for original Cryptosteel products direct from the manufacturer. Free shipping on all orders over $150. Zero questions asked lifetime return policy.

The Cryptosteel Сapsule is the newest product. It is capable of storing up to 123 characters without any involvement of third parties. The solid metal device is designed to survive extreme conditions and works under nearly all circumstances. The tile set for the capsule contains all printable ASCII characters (96 different characters including space), which makes it compatible with most secret sharing and key generation algorithms.


CRYPTOTAG

CRYPTOTAG | Premium crypto backup

CRYPTOTAG Zeus - #1 Best-selling backup worldwide. CRYPTOTAG is a premium seed phrase backup solution in the form of a titanium tablet. It keeps your seed phrase safe and indestructible. With the CRYPTOTAG you store these recovery words on 6mm thick bulletproof titanium. The Zeus Starter Kit has a storage capacity of 24 recovery words. Compatible with Trezor, Ledger, KeepKey Hardware Wallets.


Billfodl

Billfodl: The Only Scientifically Tested Recovery Seed Backup. Looking for an alternative to Cryptosteel at a fraction of the price, yet capable of supporting ALL private key/seed types? You need the water-proof, fire-proof, shock-proof, & hacker-proof Billfodl? Our marine-grade 316 stainless steel makes Billfodl the safest, most affordable, and most versatile way to HODL!

Billfodl is the most secure way to store your crypto wallet backup offline, safe from hackers. Using a randomized set of character tiles, you recreate your recovery phrase in the steel unit, creating an almost indestructible back up.

Billfodl is compatible with every hardware and software crypto wallet on the market. It can support BIP39 seeds of 12, 18, or 24 words, or even vanilla private keys - no matter the coin. Works best with Crypto wallets like Ledger and Trezor.


Keystone Tablet (Formerly Cobo Tablet)

Keystone Tablet (Formerly Cobo Tablet) - Crypto Seed Storage, Compatible with All BIP39 Wallets; Ledger Nano S, Trezor and KeepKey Hardware Wallet, Supports up to 24 Words.

Keystone Tablet (Formerly Cobo Tablet) - Crypto Seed Storage, Compatible with All BIP39 Wallets; Ledger Nano S, Trezor and KeepKey Hardware Wallet, Supports up to 24 Words. Crafted from 304-grade stainless steel, the Keystone Tablet (Formerly Cobo Tablet) is corrosion-free, resistant to salt water and acids, and has a fireproof threshold ranging from 2550 to 2650 degrees Fahrenheit, so you can be sure that whatever happens your recovery phrase will be safe within. It is also incredibly easy to use. It can support up to 24 words, but you can also use 12 or 18 depending on the length of your recovery seed.


ELLIPAL Mnemonic Metal

ELLIPAL Mnemonic Metal - Ultimate Cryptocurrency Backup. Ellipal mnemonic metal offers one of the best ways to secure your seed phrase backup. Explore our products for an ultimate security solution.

If you own a hardware wallet, such as Ledger, Trezor, KeepKey, or even a mobile wallet that you get for free, this device can support ANY BIP39 compatible wallet that has either 12, 18, or 24 seed words and really is a necessity for any cryptocurrency “HODLer”,

CypherWheel

Secure a Bitcoin Wallet with Cypher Safe’s Cypher Wheel | CypherSafe

The CypherWheel is a unique way to store your BIP-0039 and SLIP-0039 bitcoin seed words or other sensitive information. Machined from 5/16″ thick 303 Stainless Steel, not stamped out from thin 1/16″ metal. Protects your seed words from physical disaster and Bad Dogs! With an added level of locking protection, this bitcoin wallet keeps your confidential information safe from prying eyes.


CRYO

CRYO is a tough, metal recovery seed phrase backup for your crypto wallet. Made from fireproof, waterproof stainless steel cryptocurrency seed phrase storage.

CRYO - Crypto Wallet Recovery Seed Phrase Cold Storage Backup. CRYO is a tough, metal recovery seed phrase backup for your crypto wallet. Made from fireproof, waterproof stainless steel cryptocurrency seed phrase storage. Protect your crypto with CRYO. 

Compatible with all BIP39 wallets: Ledger, Trezor, KeepKey, Exodus.

Products: CRYO DOT, CRYO CARD, CRYO SLIM.

The CRYO is made with water and corrosion resistant industrial stainless steel tested to withstand temperatures up to 2500°F, more than twice the average house fire.

  • Storage capacity of 24 (48) recovery words.
  • Withstands temperatures up to 2500°F
  • Water and corrosion resistant stainless steel
  • Protective outer plates prevent damage to data
  • Compact design fits in the palm of your hand
  • Offline recovery phrase is protected from hackers

HODLR Swiss

HODLR Swiss - The best seed metal backup to protect your crypto recovery phrases. Swiss engineered to resist extreme conditions. HODLR Disks is a no-brainer for the security of your crypto assets, it is designed to protect your recovery seeds against multiple threats and give you peace of mind. Thanks to its 100% offline stainless steel body, HODLR Disks protects your seed from electronic or physical threats such as hacking or destruction. To add even more resilience, use multiple Hodlrs to distribute your seed amongst them and remove the risk of loss or theft. HODLR Disks can protect any digital asset. Compatible with BIP39 / SLIP39 software or hardware wallets, it can protect any cryptocurrency. As long as your wallet holds it, HODLR Disks protects it. 

HODLR Discs: Robust and ergonomic seed metal backup. Secured, for the very long term. 

  • Close to indestructible

    • 100% Marine Grade Stainless Steel
    • Fireproof up to 1,350 °C (2,460 °F)
    • Waterproof, Shockproof
  • Easy to use

    • BIP39 / SLIP39 hardware wallet ready
    • 24 spinning disks for fast reading
    • Ready to punch pre-engraved letters
  • Compact and easy to hide

    • Weight. 520g / 1.15 lb
    • Diameter. 61mm / 2.4”
    • Height. 27mm / 1.06”
  • 100% offline cold storage

    • DIY tool - no third party involved
    • Hackerproof
    • Electronic free
  • Special features

    • Ready to punch backup identification
    • Ready to punch recovery scheme
    • Equipped with a bottom magnet
  • Maximized security

    • Tamper-proof locking system
    • Optimized for secret sharing
    • Recovery schemes sheets included

Coinmama - But Bitcoin & Ethereum

In addition to the method of buying bitcoin on traditional centralized cryptocurrency exchanges (CEX), there are 4 more popular and reliable ways:

  • Instant exchange trading platforms (Instant Exchanges) 
  • Peer-to-peer (P2P) Bitcoin and crypto trading platforms
  • Fiat-to-Crypto gateways
  • Services and tools for comparing the price offers of Fiat-to-Crypto gateways for buying bitcoin, other cryptocurrencies and choosing the best option with the lowest fee.

2.3. Instant exchange trading platforms (Instant Exchanges)

Buy bitcoin and other cryptocurrencies instantly, safely and easily with a credit or debit card, bank transfer, online banking, payment systems, SWIFT, SEPA, Skrill, Neteller, ApplePay, Google Pay, local payment systems. These services are provided by instant exchange trading platforms.

These are crypto exchanges that primarily allow people to buy and sell cryptocurrencies instantly and via a single interface. The process is typically seamless and primarily supports card transactions. 

Examples: Changelly, Coinmama, PayBis and others. For a complete list of these instant exchanges, see below.

Some reputable cryptocurrency analytical publications, such as Cryptowisser, have given a new definition to such platforms – "Crypto Shops".

Unlike traditional cryptocurrency exchanges, where you have to create an account, deposit money, place an order and start trading, trading platforms for instant purchase/sale of cryptocurrencies offer to register via email, select the cryptocurrency you want to buy and its quantity, specify the amount of money that you are ready to spend on the purchase, choose a payment method, and also specify the address of your cryptocurrency wallet to which the cryptocurrency you bought will be transferred.

The purchase of cryptocurrency is carried out, as a rule, on the side of the Fiat-to-Crypto gateways – partners of the platform. The transaction speed depends on the load of the blockchain network and is usually from 15 to 30 minutes.The commission varies from platform to platform and ranges from 1.5 to 5.30 %.

PayBis - Buy Bitcoin with Credit / Debit Card

TOP 20 exchange platforms for instant purchase of bitcoin and other cryptocurrencies

1
Changelly is the best instant cryptocurrency exchange platform with the best exchange rates for BTC, ETH, LTC, XRP, ADA and 180+ other cryptocurrencies. You can buy bitcoin and other cryptocurrencies with a credit card, bank transfer, ApplePay, Google Pay or any crypto wallet. The main advantage and feature of this platform is the ability to automatically compare the prices of fiat-to-crypto gateways, as well as cryptocurrency rates in real time and choose the best option with the lowest fees.
2
Coinmama is a leading cryptocurrency platform that allows individuals and companies to quickly buy and sell bitcoins and other altcoins in 188 countries using a credit / debit card or bank transfer. Since 2013, he has enjoyed the well-deserved trust of millions of users around the world. Payment methods: Any (credit / debit / prepaid / gift / virtual) Visa or MasterCard cards are accepted. Fedwire, SEPA, SWIFT, Fast Payment, Open Banking, Apple Pay, Google Pay. A special advantage of the Coinmama platform is a unique loyalty program for reduced fees, that has three levels of savings: Crypto Curious, Crypto Enthusiast (save 12.5% of the final price), Crypto Believer (save 25% of the final price).
3
PayBis is one of the most popular cryptocurrency exchangers created to provide fast and secure access to cryptocurrencies around the world. The simplified interface allows you to sell, buy or exchange cryptocurrency instantly. The platform offers many options for buying and exchanging cryptocurrency, including credit / debit cards, bank transfer, Skrill, Neteller. USD, EUR, GBP and more than 40 other fiat currencies are supported. The platform supports more than 180 countries and 48 US states. Cryptocurrencies - BTC, ETH, LTC, XRP, BNB, DOGE and others.  
4
WunderBit is a FinTech company that strives to facilitate the real-world use of cryptocurrencies through a number of products and solutions. Wunderbit is a licensed, accredited, and regulated financial institution that allows its clients to buy and sell Bitcoin safely and securely. Wunderbit currently offers bitcoin and other cryptocurrency exchange service, social trading platform, bitcoin payment processing service and OTC service. Buy Bitcoin & Crypto with credit card, SEPA, Skrill.
5
Buybitcoins24.com is a unique new service for comparing prices in real time for bitcoin and other cryptocurrencies of 8 leading world Fiat-to-Crypto gateways. This allows the user to choose the best price option and buy cryptocurrency using the selected gateway with the lowest fees, which significantly saves money and eliminates overpayment. 75+ cryptocurrencies, 170+ countries, 40+ local Fiat currencies, 20+ Payment methods.
6
Invity is a trading, exchange and investment cryptocurrency platform. Invity is a company founded by SatoshiLabs, creators of the Trezor hardware wallet. It was established to help Trezor users buy Bitcoin at a fair price from reputable, verified third parties without needing to hold their funds on an exchange. Invity helps Trezor become a unified crypto service. Buy, exchange, save and spend cryptocurrency, all in one place. With the help of Invity, you can compare the prices of leading fiat crypto gateways, choose the best option and buy bitcoin and other cryptocurrencies with the lowest fees, with significant money savings, without overpayment. Invity supports all possible payment methods-credit and debit card, bank transfer, online banking, payment systems Bancontact, iDeal, SOFORT, Giropay, EPS.
7
ChangeNOW is an instant, non-custodial exchange of Crypto-to-Crypto and Fiat-to-Crypto, where you can trade more than 200 cryptocurrencies quickly, conveniently, without registration and without any restrictions. ChangeNOW is an innovative and easy-to-use platform that offers some of the best exchange rates. ChangeNOW is a highly secure and reliable platform, since it acts only as a temporary intermediary, does not store your funds and does not require creating an account to use its services. In addition, it offers the option of exchanging fiat money for cryptocurrency-you can buy cryptocurrencies using Visa or Mastercard through the integration of their third-party partners. More than 200 cryptocurrencies and 13,000 trading pairs. You can trade BTC, LTC, ETH, XRP, USDT, BNB, EOS and more than a hundred other top altcoins.
8
ChangeHero is one of the best crypto exchange platforms in the market. You can convert BTC, ETH, LTC and over 30 crypto assets fast and secure. You can buy crypto with a credit /debit card and also sell for fiat. The best rates in the market for your crypto at a low fee.
9
CryptoFish is the fastest, easiest and safest way to buy bitcoin and other cryptocurrencies with credit card, bank transfer, SEPA (EU), ACH (US), Faster Payments (UK), Wire (Coming Soon). Trusted in 185 countries.  
10
Switchere.com makes the crypto exchange process amazingly fast. It is the best spot for online exchanges, where you can buy Bitcoin, Ethereum, Litecoin and other leading coins in a few mouse clicks. Use any payment method  (Visa/Mastercard/Maestro debit or credit cards, local payments, SEPA, SOFORT) for crypto buying or exchange crypto-to-crypto.

11
Besides merchant services, CoinGate also provides a platform for buying and selling numerous crypto-assets with a single payment. Customers can choose from such purchasing methods like credit/debit cards, SEPA bank transfer or mobile balance, or sell their coins for fiat.
12
BTCBIT.NET is a reliable cryptocurrency trading platform; instant purchase and sale of cryptocurrency with low commission. Buy or sell BTC, ETH, XRP, Ethereum and other crypto with credit card VISA/MasterCard, bank transfer SEPA and SWIFT, AdvCash, Skrill, Neteller, Payeer or other popular payment methods.
13
XCoins is a platform for the instant purchase and sale of cryptocurrencies. XCoins is available from almost any country in the world. Currently, Coins sells BTC, LTC, ETH, BCH, XRP, DOGE in 167 countries around the world. Payment methods - Bank transfer, debit or credit card. Buy and sell your cryptocurrency instantly with the help of the leading cryptocurrency platform XCoins. 24/7 support. The Highest Limits. Simple, Secure & Instant.
14
BuyCoinNow.com is a cryptocurrency purchase platform. Buy Bitcoins with credit card Visa/Mastercard, bank transfer, Dotpay, Skrill, Netteler, ePAY. Fast and Safe transaction online.
15
ITEZ is a fiat-to-crypto gateway, an exchange cryptocurrency platform for the secure purchase of Bitcoin, ETH, USDT, TON, TRX using a Visa/Mastercard/MIR credit or debit card with 3-D Secure. Itez is available in most countries of the world.
16
Indacoin is a cryptocurrency trading and exchange platform, a fiat-to-crypto gateway, a pioneer of the cryptocurrency market; it has been operating on the cryptocurrency market since 2014, based in London, the UK. You can use service to buy over 100 different cryptocurrencies with credit/debit card payment without registration. On Indacoin you can also easily store the crypto you bought, exchange crypto coins and withdraw them to any external wallet as long as it’s compatible with the currency you chose. Indacoin business model combines B2C and B2B segments, enabling card processing for promising coins and acting as a fully-fledged fiat-to-crypto gateway.
17
CEX Direct is a global fiat-to-crypto gateway, which is a key link of the cryptocurrency trading and exchange platform CEX.IO. This platform was one of the first to make transactions between fiat and cryptocurrencies available, offering customers payments by bank cards and bank transfers. Currently, CEX provides a wide range of trading tools for Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, Tron and other crypto assets. You can instantly and safely buy or exchange these cryptocurrencies for US dollars, euros, pounds sterling and rubles.
18
StealthEX is an instant cryptocurrency exchange for limitless swaps. StealthEX is free from registration and does not store user’s funds on the platform. StealthEX is the best place to buy cryptocurrency. 350+ coins and tokens are available for quick and easy exchanges. Privacy and security of the users are the most important points of the work, so all the swaps are non-custodial, and forever will be.
19
SimpleSwap is a convenient and reliable service for instant exchange and purchase of cryptocurrencies. The platform is free of registration and supports more than 300 cryptocurrencies. SimpleSwap has made the process of exchanging cryptocurrencies simple, safe and comfortable. The platform is available not only as a web service, but also as a mobile app for iOS and Android. Users do not need to register or store funds on the platform. When exchanging cryptocurrencies, SimpleSwap provides two types of exchange: a floating and a fixed rate. You can always choose the most suitable option. In addition, you can buy coins and tokens using your bank card at the best price.
20
AifaCash is an instant cryptocurrency exchange. Buy, sell and swap BTC, ETH, XRP, USDT, XMR and 30+ other cryptocurrencies, no account needed!
21




CEX.io - Buy Bitcoin in five minutes!
Switchere - Sell & Buy Crypto with Credit Card Instantly. Safe, licensed and trusted crypto exchange services are at your convenience. You get exactly what you expect!
SimpleCoin Crypto Exchange

2.4. Peer-to-peer (P2P) Bitcoin and crypto trading platforms

One of the most popular ways to buy bitcoin and other cryptocurrencies is to use peer-to-peer (P2P) cryptocurrency platforms.

  • What Is a P2P Crypto Exchange?

P2P crypto exchanges allow users to buy or sell directly with another user. Unlike centralized exchanges where you have to complete KYC to process an order, most P2P exchanges allow you to send/receive cryptocurrencies without asking you for identity verification. Also, exchanges based on the P2P model have no single point of failure like centralized exchanges do.

  • How Do P2P Exchanges Work?

A user can usually register with the exchange without having to go through identity verification. Registration simply requires an email address and a password. After registering, a user can go through different buy and sell offers posted by individuals on the platform. Each offer has different payment options, a different rate and usually a minimum or maximum purchase amount. A buyer can select an offer and contact the seller to set up a transaction. If you’re a seller, you can post the accepted payment method as well as any fee involved. Generally, P2P crypto exchanges use an escrow account to deposit cryptocurrencies or other collateral from the users to ensure the safety of the platform.

  • How to buy crypto on a peer-to-peer exchange?

  1. Sign-up for an account (this will generate you a crypto wallet)
  2. Search through the list of offers and filter by payment method, location etc.
  3. Find an offer that you’re happy with and choose the amount you want to buy
  4. After the seller puts the crypto in an escrow account you have to transfer the money to the seller using the payment method you agreed on
  5. Once the seller confirms payment, crypto is released from the escrow and sent to you

In case of disagreements a dispute can be opened.

LocalCryptos: P2P Marketplace is a peer-to-peer Ethereum and Bitcoin marketplace with 100,000+ users in 130 countries. Sign up today to trade crypto with any payment method
  • How do Escrows work?

In traditional finance, an escrow is a financial arrangement where a trusted third party holds and regulates payment of the funds required for a given transaction between two parties. Any marketplace like Amazon or Ebay utilizes escrows to regulate transactions between sellers and buyers. Normally escrow accounts are held at a bank or similar financial institution.

Peer-to-peer exchanges utilize smart contracts to build escrows that work without a trusted third party. Instead, the cryptocurrency from the seller goes straight into a smart contract on the Blockchain which is programmed such that it releases it only once the seller confirms payment.

Presented in the list of the Top 10 peer-to-peer platforms provide services for buying and selling bitcoin and other cryptocurrencies on the global market. These platforms have all the advantages of leaders, which allow users to make transactions with the maximum degree of security, with low fees, using various payment methods.

In addition, serious competition to these marketplaces is provided by peer-to-peer exchanges, which are very popular among users at the regional and national levels and often displace the TOP-10 peer-to-peer platforms from the first places. It should be noted that the quality of services of these platforms is very high and often does not differ from the level of services and technologies of the leading platforms. We will also list these popular peer-to-peer marketplaces below the list of the TOP 10 peer-to-peer platforms.

Paxful is a P2P marketplace that connects Bitcoin buyers and sellers. The exchange offers more than 350 ways to buy Bitcoin, including but not limited to bank transfer, online wallets, gift cards, cash payments, debit/credit cards, cryptos and assets.

Top 10 peer-to-peer (P2P) Bitcoin and crypto trading platforms

1
Paxful is a P2P marketplace that connects Bitcoin buyers and sellers. The exchange offers more than 350 ways to buy Bitcoin, including but not limited to bank transfer, online wallets, gift cards, cash payments, debit/credit cards, cryptos and assets. Though Paxful is trusted by over three million users worldwide, its integrity shouldn’t be confused with the seller’s integrity. The exchange is simply a marketplace. You should pay attention to the reputation of the seller before making a trade. However, the exchange offers a secure escrow service for Bitcoin transactions, which makes it harder to be scammed. You also must verify your Paxful account with an ID to use it.
Fees: 1% for sellers; no fee for buyers.

2
LocalBitcoins is a P2P crypto exchange that allows buyers and sellers to communicate directly instead of manually matching them. Its sellers offer a wide range of payment options, such as PayPal, wire transfer, SEPA, Skrill, etc., and the platform secures trading using measures like escrow service, login guard and 2FA (optional). Starting in 2019, LocalBitcoin requires you to submit some identity verification for interacting with (trading, buying, sending) different amounts of Bitcoin.

3
LocalCryptos is a non-custodial global peer-to-peer platform for secure trading of cryptocurrencies (Bitcoin, Ethereum, Litecoin and Dash) between traders without intermediaries with a large number of payment methods and access around the world. More than 100,000 users buy and sell cryptocurrencies, offer coins, or purchase them using many different payment methods. When the user responds to the offer, the exchange is made between the buyer and the seller.
4
LocalCoinSwap is the world’s first community-owned, decentralized, peer-to-peer (P2P) marketplace that connects people from all around the world to buy and sell cryptocurrency. As there are no KYC or ID verification requirements to get started, the process of trading is private, quick and easy. All you need to do is create a free advertisement, to buy or sell cryptocurrency, and then promote your advertisement on the LocalCoinSwap P2P exchange. In minutes you could be trading with other like-minded individuals, or even with established brokers.
LocalCoinSwap already supports trading in 23 different cryptocurrencies, with more on the way, includes over 300 different payment methods such as cash, bank transfer, direct debit, credit card, and Paypal, to name a few, and has over 166 fiat pairs, making it the largest selection available on any P2P exchange in the world. In addition, as a community-focused platform, LocalCoinSwap is the only P2P marketplace with a revenue sharing model and encourages the community to vote in its operation, making it one of the world’s first cryptographic democracies, made for and by the people.
5
Binance P2P is a peer-to-peer marketplace in the Binance ecosystem that connects buyers and sellers. The exchange offers an escrow service to protect its users and supports trade using over 150 payment methods and 49 fiat currencies. You can buy or sell cryptocurrencies using your local currency with multiple payment methods at zero fees. Unlike other P2P exchanges, Binance P2P requires you to complete identity verification before you start trading. The platform supports a wide range of cryptocurrencies, including USDT, BTC, BUSD, BNB, ETH, DAI.
Fees: Zero fees for both the buyers and sellers.
6
Hodl Hodl is a global Bitcoin Peer-to-Peer trading platform that allows users to trade directly among themselves and does not store funds using a multisig address for a deposit. This, in turn, minimizes the risk of theft and reduces trading time.Since Hodl Hodl does not store funds (neither fiat funds nor bitcoins), all transactions take place directly between users ' wallets and you do not disclose your data to the trading platform.
This P2P non-custodial cryptocurrency exchange provides direct service to buyers and sellers without holding their funds. Instead, Hodl Hodl uses a multisig escrow to secure its users from scammers. The main difference between Hodl Hodl and other Bitcoin P2P trading platforms is that Hodl Hodl does not store user funds, nor does it conduct KYC / AML procedures. Hodl Hodl is also cheaper than most other P2P trading platforms, with a maximum commission of 0.3% per trade (0.6% of the contract amount, i.e., 0.3% per user). Another important thing is that on Hodl Hodl you can trade Bitcoin from anywhere in the world, using any payment method and currency as payment (more than 215 payment methods).
7
Vertex.Market is a dynamically developing peer-to-peer trading platform with more than 70 thousand users worldwide (200 countries). The platform allows any trader to trade without unnecessary verification processes or waiting time, to conduct transactions for the purchase and sale of crypto assets directly between users. Users of the platform can publish their offer with their own terms of exchange, or simply select an ad from the list and respond to the proposed terms. The absence of intermediaries makes it possible to quickly and profitably make transactions without compromising security.
The commission on the Vertex marketplace is 0.5% of the transaction amount - it is paid by both the buyer and the seller.Passing the KYC check on Vertex.Market is an optional procedure, but to make large transactions, users need to provide identification information.
For all verified users, the platform pays cashback of $10 from each transaction within three months after registration. Now Vertex supports 25 ways to buy and sell cryptocurrencies, including bank transfers, credit cards, as well as popular payment systems: Webmoney, Skrill, Western Union and others.
On the trading platform, you can sell and buy 6 major cryptocurrencies: Bitcoin BTC, Ethereum ETH, Bitcoin Cash BCH, Litecoin LTC, USDT Tether, and USD Coin, using the most popular payment methods around the world, as well as store and exchange your crypto assets to the equivalent of the US dollar and back.
Vertex.Market has the option of providing Insurance from the leading insurance operator from the UK (Lloyds of London). If you are concerned about the security of funds in your wallet or when making transactions, you can apply for insurance. The policyholder is a user of the platform who can apply for insurance in their wallet.
The Vertex peer-to-peer platform is owned by Vertex Capital - a private equity firm engaged in over-the-counter trading for large investors.
8
BitZlato (abbreviated - BZ) is a modern and easy-to-use Peer-to-Peer crypto exchange that allows you to exchange Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Dogecoin (DOGE), Tether (USDT), Monolith Ruble (RUBM), Monolith Crypto Ruble (MCR), MonolithosDAO Token (MDT) without intermediaries and hidden fees. In addition to the P2P exchange, it also has a regular exchange that supports more than 20 crypto-crypto markets, which allows you to switch coins with very low fees.
BitZlato is more than 13,000 transactions daily; the monthly trading volume of the P2P platform is more than 2,000 BTC, more than 3,200 ETH and about 2,700,000 USDT.
BZ's product line includes a P2P platform, a cryptocurrency wallet, an exchange, a lending service, and a payment gateway.
9

Remitano company was founded in 2015. To provide a secure and seamless experience for users, Remitano aims to bridge the gap between fiat and cryptocurrency through peer-to-peer (P2P) trading, which also includes other features such as exchange (crypto-to-crypto conversion) and investing (altcoin investment). More than 1.5 million people trade on the Remitano platform every day.
Distinctive features:
P2P Trading: Allows users to buy and sell Bitcoins and other cryptocurrencies using fiat currencies (your local money) anytime, anywhere quickly (within 5 minutes) and securely with one of the most reasonable fees on the market. Remitano supports the fiat wallet, with which it is easy to deposit and withdraw cryptocurrency and fiat currency, as well as clearly view historical transactions.
Swap: Helps you instantly convert Bitcoin, Ethereum, Tether to other cryptocurrencies directly in the Remitano user's wallet.
Invest: Invest in several altcoins such as Ethereum Classic (ETC), Binance Coin (BNB), Cardano (ADA), EOS, Stellar (XLM), TRON (TRX), Tezos (XTZ), Chainlink (LINK), NEO, Monero (XMR)...with the potential for profit growth.
Trading 16 cryptos: Bitcoin, Ethereum, Tether, Bitcoin Cash, Litecoin, Ripple and many other altcoins.
10
Bitpapa is a global P2P marketplace where you can buy or sell cryptocurrencies (Bitcoin, Ethereum, Tether and others). Transactions are carried out between two partners, while Bitpapa guarantees the execution of the transaction by holding the seller's coins in the escrow account until the transaction is completed.
Trading on the Bitpapa peer-to-peer platform is carried out with zero commission. The commission is not charged when opening a secure transaction, as well as for internal transfers.
BitPapa P2P marketplace: over 100 payment methods, handy and convenient Telegram bot, every trade is protected, safe and secure wallet, iOS and Android apps. You can buy cryptocurrencies even without signing up - try out the anonymous trade.
Binance: Where the World Buys Crypto
Trading Crypto? Try Binance P2P

2.5. Buy Bitcoin and Crypto using Fiat-to-Crypto gateways

So, there are several options for buying bitcoin: exchanges, brokerages, over-the-counter (OTC) desks, trading and exchange platforms, peer-to-peer bitcoin and crypto trading platforms (marketplaces), specialized bitcoin ATMs.

Also, you can buy cryptocurrency using instant purchase platforms (instant exchangers) using credit and debit cards, bank transfer, international and local payment systems, online banking, ApplePay, Google Pay.

Most popular mobile and hardware wallets (cold and hot wallets), in addition to the functions of storing, sending, staking and exchanging, have a built - in function of buying cryptocurrencies.

Note that the providers of the service of buying/ selling bitcoin and other cryptocurrencies on these platforms and devices (with the exception of peer-to-peer platforms, where users trade cryptocurrencies personally with each other) are provided with Fiat-to-Crypto gateways.

Using the cryptocurrency purchase widgets installed on the official websites of these gateways is another way to safely buy bitcoin and other cryptocurrencies.

What is a Fiat-to-Crypto gateway?

Simply put, the Fiat-to-Crypto gateway allows users to buy cryptocurrencies using "fiat currencies", such as euros, dollars, pounds, Swiss francs, Indian rupees, Nigerian naira and many others. The Fiat-to-Crypto gateway makes it very easy to convert fiat money into cryptocurrency. Fiat-to-Crypto gateways are often also called "fiat-onramps".

Due to the fact that each gateway uses different conversion rates, spreads and network fees (up to 5.5 %), you, as a buyer, can get significantly more cryptocurrency with one gateway for the same amount of money and significantly less compared to another gateway!

Depending on the cryptocurrency, its quantity, the fiat currency chosen by you and its amount, the payment method, your jurisdiction and your geolocation, the difference in the amount of cryptocurrency purchased by you for a fixed amount of fiat currency purchased from different gateways can reach up to 15 %! Are you ready to overpay?

At the same time, the gateways have significant differences in the following parameters:

  • Supported locations
  • Payment methods
  • Fiat currencies
  • Cryptocurrencies
  • Fees
  • KYC Requirements & limits

The Leading and Most Reputable Fiat-to-Crypto Gateways:

*) - Pay attention to the significant difference in gateway fees.

#LogoGatewayFees*Learn
1MoonPay
  • Credit/debit card 3.99%
  • Wire transfers & Faster payments: 1%
  • Minimum fee = $4
  • Note that Onramper procures better fees than normally quoted by Moonpay
2Wyre
  • Credit/debit card 3.99% +$0.30
  • Minimum fee = $5
  • Variable network fee (depends on network congestion)
3Coinify
  • EU cards: 3.50%
  • Non EU cards: 4.00%
  • Wire transfer: 0.80%
  • Minimum fee of up to €4.99
4Banxa
  • EU wire transfers: 0%
  • Creditcard: 1.99%**
5Mercuryo
  • Buying = 3.95%
  • Selling = 2.95%
  • When you withdraw crypto to card minimum commission is: 4 EUR / 4 USD / 50 RUB
6BTC Direct
  • Bank transfer (SEPA) = 1.5%
  • Credit Card = 3%
  • iDEAL = 1.5%
  • Bancontact = 2.6%
  • EPS = 2.8%
  • Giropay = 2.8%
  • Sofort = 3%
7Simplex
  • $10 minimum, or up to 5%
8Ramp
  • Manual transfer transactions
  • 0.99% per transactions up to 2500 EUR
  • 0.49% per transactions greater than 2500 EUR (0.99% on 2500 EUR, then 0.49% on additional amount)
  • Easy transfer transactions
  • 1.99% per transactions up to 2500 EUR
  • 1.49% for transactions greater than 2500 EUR (1.99% on 2500 EUR, then 1.49% on additional amount)
  • Credit and debit card transactions
  • 2.9%
  • The minimum fee per transaction is 2.49 EUR.
9Indacoin
  • 3.95%
  • Note that Onramper procures better fees than normally quoted by Indacoin.
10CEX Direct
  • 2.99%
  • 1.49% (UK)
11Xanpool
  • Buy: 2.5%
  • Sell: 3%
12Transak
  • SEPA Bank Transfer  - 0.5%
  • Faster Payments Bank Transfer - 0.5%
  • Card payments (credit and debit) - Non US - 3.9% + $0.30 ($5 minimum)
  • Card payments (credit and debit) US - 3.9% + $0.30  ($5 minimum)

*) - Compare now the fees of these gateways in your country (region) and the prices of bitcoin and other cryptocurrencies online using the Onramper widget. Choose the best option.

The best way to compare fees. Because every fiat on-ramp uses different spreads and conversion rates, the only good way to compare fees is by seeing how much crypto a users actually gets. Compare fees.

It should be noted that in some mobile and hardware wallets, for the purchase of bitcoin and other cryptocurrencies, as a rule, from one to three Fiat-to-Crypto gateways are installed, on most exchanges – up to three gateways, but you, unfortunately, will not be able to compare the offers of these gateways simultaneously, in real time, and choose the best option with the lowest fees. 

2.6. Services and tools for comparing the price offers of Fiat-to-Crypto gateways for buying bitcoin, other cryptocurrencies and choosing the best option with the lowest fee

How to buy cryptocurrency with the lowest fees?

The only way to buy a cryptocurrency with the lowest fees is to compare the fees of the gateways and, based on the results of the comparison, find out how much cryptocurrency the user receives for a fixed amount of fiat currency. All these actions can be performed using the Onramper widget.

Onramper widget

The Onramper widget was developed by SAFUDEX B. V., the Netherlands, with the support of NEO EcoBoost and the Amsterdam Fintech Institute.

The Onramper widget automatically calculates how much cryptocurrency each gateway will send to the user (taking into account all transaction fees, network fees, conversion rates and spreads), and then shows the user the best options. By doing this, Onramper usually saves the user from 1.5% to 15% in fees!

Onramper compares the offers of 6 main gateways of global user coverage: MoonPay, Wyre, Coinify, Indacoin, Mercuryo, Xanpool. BTCdirect, Transak and other reliable providers will be added soon.

The process of buying cryptocurrency by the user, customer support, KYC/AML procedures are carried out directly on the side of Fiat-to-Crypto gateways. Also, all chargebacks and other fraud attempts will be considered by gateways integrated into Onramper.

It is important to note that the Onramper widget has a built-in function for geolocation of the user's IP address. 

This means that if, for example, the user is located in the United States, the Onramper shows and compares the offers of all gateways available for buying cryptocurrency in the United States, if the user is located in India, the Onramper shows and compares the offers of all gateways available for use in India, and so on. Thus, Onramper is a tool of global application that can be successfully used when buying cryptocurrencies with the lowest fees, even at the polar station in Antarctica - a territory that has the status of an international jurisdiction!

See an example of how you can buy Bitcoin using the Onramper widget (savings - 9.32%).  

For example, a user located in Italy (April 15, 2021, 18:45 UTC+2) sets the parameters of the transaction:

  • Fiat - 200 EUR,
  • Crypto - BTC,
  • Payment method - Credit Card, Visa/Mastercard.

Information of the Onramper widget based on the comparison of gateway offers:

GatewayTransactionIDOptionYou receive, BTCSavings
Mercuryo~ 10 minrequiredBest0.00381-
Coinify~ 15-30 minrequiredAlternative0.00369- 3.15%
MoonPay~ 20 minrequired Alternative0.00355- 6.82%
Wyre~ 5 minNo requiredEasiest, Alternative0.00345- 9.32%

Next, the user selects an acceptable option (for example, Mercuryo, as the best option) and makes a purchase with the support of the selected Fiat-to-Crypto gateway service.

By choosing the Mercuryo offer, the user gained 9.32% over the Wyre offer; 6.82% compared to MoonPay, 3.15% compared to Coinify.

Impressive, isn't it?

You can try to compare the offers of Fiat-to-Crypto gateways for the purchase of your chosen cryptocurrency right here and now.


How to instantly compare gateway fees when buying cryptocurrency using the Onramper widget and choose the best option?

BuyBitcoins24.com

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Integration of the Onramper widget was successfully implemented on the website BuyBitcoins24.com with the help of which you can instantly compare the offers of all global gateways, choose the best option and buy bitcoin and other cryptocurrencies with the lowest fees.

The purchase of cryptocurrency, customer support, KYC/AML procedures are carried out directly on the side of Fiat-to-Crypto gateways. All chargebacks and fraud attempts are considered by gateways that are integrated into Onramper.

BuyBitcoins24.com supports 170+ countries, 45+ fiat currencies, 125+ cryptocurrencies, 16 payment methods, including credit and debit cards, bank transfer, online banking, Apple Pay, GooglePay, international, regional and local payment systems.

Comparison of providers' offers (Buy cryptocurrencies): MoonPay, Wyre, Coinify, Indacoin, Mercuryo, Xanpool. BTC Direct, Transak and other gateways will be connected soon.

BuyBitcoins24.com also has convenient price charts for TOP-100 cryptocurrencies, as well as a tree-like heat map of cryptocurrency price changes and cryptocurrency market capitalization in real time with buttons for instant buying and exchanging cryptocurrencies from BuyBitcoins24's partner, Changelly trading and exchange platform.

This allows the user not only to apply an alternative method of comparing fees of other Fiat-to-Crypto gateways, such as Banxa, Simplex, Itez and others, but also to quickly buy, exchange or sell cryptocurrencies, reacting to changes in the situation on the cryptocurrency market.


Alternative methods for comparing fees of Fiat-to-Crypto gateways, buying cryptocurrencies with the lowest fees, selling and exchanging.

To compare the offers of gateways, choose the best option and buy cryptocurrency, the trade and exchange cryptocurrency platforms Invity and Changelly also offer.

Invity

Invity is not only a cryptocurrency trading and exchange platform, but also a convenient tool for comparing offers from several trusted providers. This means that competitive rates and flexible options for buying cryptocurrencies are available with the greatest degree of convenience and trust.

Users can compare exchange rates and payment methods to make sure they are getting the best deal. After the offer has been selected, each transaction (buy, exchange and sell) takes place in a single unified interface.

In Invity's Buy feature, users from at least 148 countries can use 29 of the world's major fiat currencies to buy crypto instantly. Users can also select from 10 payment methods, from international methods like Visa and MasterCard to regional methods like SEPA bank transfers, SOFORT, Australia Post Billpay, as well as Bancontact, iDEAL, EPS, GiroPay. Popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE), can be bought directly through the Invity platform.

Invity's Exchange feature offers access to dozens more cryptocurrencies; a total of 723 exchange pairs are supported at the time of writing. Using Invity's newest feature, Sell, European users can convert their crypto to cash. This will be expanded to even more users in the coming months.

Providers:

  • Buy Crypto: Banxa, BTC Direct, CEX, Coinify, Mercuryo, Simple Coin, Simplex.
  • Exchange Crypto: ChangeHero, Changelly, ChangeNOW, CoinSwitch, FoxExchange.
  • Sell Crypto: BTC Direct.

The Invity platform is part of the SatoshiLab Group (manufacturer of the Trezor hardware wallet).

Invity is also the exclusive purchase and exchange platform for Trezor hardware wallets, including the gold-standard Trezor Model T. Invity's Buy, Exchange, and Sell features form an integral part of the Trezor Suite coin-management interface currently undergoing public beta testing. This means users who take their security seriously with Trezor devices can now take convenience just as seriously. Trezor Suite also includes an exclusive Spend feature, allowing users to spend their crypto on gift cards redeemable at worldwide retailers.


Changelly

Changelly is a crypto asset exchange platform aims at making your access to crypto easy. It provides users with speedy transactions and a wide range of crypto supported.

Changelly is a crypto asset exchange platform aims at making your access to crypto easy. It provides users with speedy transactions and a wide range of crypto supported.

Changelly, a leading non-custodial cryptocurrency trading and exchange platform, has developed its own Fiat-to-Crypto marketplace. Changelly is a smooth and simple service for those who prefer to be able to compare offers from reliable providers in one place. Customers are given the opportunity to compare, choose offers from reputable providers and purchase cryptocurrency using fiat currency at the best prices in just a few steps.

Currently, the Changelly platform offers the user to compare the offers of such reliable Fiat-to-Crypto gateways as Banxa, Simplex, MoonPay, Indacoin, Itez and others.

The main payment methods are credit and debit card Visa/Mastercard, bank transfer, ApplePay.

The platform offers a user-friendly interface. Depending on the cost of the transaction and the chosen gateway, users may be asked to fulfill the KYC requirements before they can complete the transaction.

After the transaction is successfully completed, the purchased cryptocurrency will be transferred to the user's wallet address. The whole process will take from 30 minutes to 1.5 hours.

Learn more about Changelly >>>

Changelly - Your simple access to crypto

You can buy bitcoin and other cryptocurrencies with the lowest fees, without overpayment, using various payment methods (credit and debit card, bank transfer, online banking, payment systems, Apple Pay, GooglePay) by comparing the offers of the leading Fiat-to-Crypto gateways of global coverage integrated in the Onramper widget, which is installed on the comparison service BuyBitcoins24.com.

The Invity and Changelly trading and exchange platforms also allow the user to buy cryptocurrencies based on a comparison of offers from reliable providers, as well as exchange and sell cryptocurrencies.

Tools for comparing rates and prices for cryptocurrencies integrated into the BuyBitcoins24.com service, the Invity and Changelly platforms are a convenient, safe and reliable way to manage crypto-currency assets of a personal portfolio without overpaying when buying, selling or exchanging them.

Sources: BuyBitcoins24.com, Onramper.com, Invity.io, Trezor.io, Changelly.com


2.7. Over-the-counter trading desks (OTC)

There are restrictions on the amount (volume) of cryptocurrency that can be purchased on centralized and decentralized exchanges. The main reason for this restriction is to prevent a violation of the market equilibrium. In this regard, investors with a significant amount of capital (the so-called "whales") have difficulty fulfilling large-volume orders on traditional market platforms.

Those who want to trade large amounts, turn to the services of crypto over-the-counter trading desks (OTC). These services are often provided by leading exchanges, trading platforms or specialized service providers.

OTC desks are places where large investors gather to place large volume orders without breaking prices on traditional exchanges, reduce transaction costs and get the best prices.

OTC desks focus on trading large volumes of cryptocurrency between large sellers (for example, miners) and buyers (for example, hedge funds). Instead of matching buyers and sellers, the OTC Desk will act as a dealer for those who want to trade this asset. OTC desks are usually used when trading this asset on exchanges is impossible. This can happen if the asset is not traded on the exchange at all. Alternatively, if the order is large, the trader may wish to hold it with an over-the-counter desk to limit his influence on the market and slippage.

Crypto OTC Trading Map

Crypto OTC Trading Map
Binance: Large Crypto OTC Block Trading of Bitcoin and other Cryptocurrencies

2.8. Bitcoin ATMs

 https://learn.bybit.com/crypto/how-to-buy-bitcoin/

Another way to obtain Bitcoin is provided by special ATMs called Bitcoin ATMs. Such machines look like ordinary ATMs but they allow buying Bitcoin physically for fiat money. Some Bitcoin ATMs possess bi-directional functionality and give an opportunity both to buy and to sell Bitcoin for cash. This method is especially useful for those who find it difficult to adapt to technological innovations and prefer more traditional ways of payments. Another advantage of ATMs is the quick transaction speed. The risks of fraud are also eliminated because no third parties are involved in the deal.

There are about 30 types of such machines and an algorithm of actions may vary but the basic principle remains the same.

Here’s a general step-by-step guide on how to buy BTC via ATMs:

  • Select the language and press the “Start” button.
  • Select BTC from the list of the offered coins. 
  • Enter the BTC amount you are going to buy. Some machines will request phone number verification. In this case, enter your mobile number and then enter the code that you receive via SMS. 
  • Enter your Bitcoin address in case the ATM you use does not provide one. This part is tricky as wallet addresses are usually very complex. Be careful to double and even triple-check the address you put in in order not to make a mistake and ensure you receive the funds in the end.
  • Insert cash into the machine and purchase BTC which will be transferred to your wallet immediately.

Note, however, that fees on Bitcoin ATMs are often much higher in comparison to those on online exchanges.

Bitcoin ATMs often have a 5-15% premium above market rate.

If you want to find the closest Bitcoin ATM near you, make use of the service Coin ATM Radar. It can help you allocate Bitcoin ATM machines in your home city.


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2.9. Bitcoin and Bitcoin Derivatives

What are Bitcoin & Crypto Derivatives

A derivative is simply a financial contract between two or more parties that derives (hence "derivatives") its value from an underlying asset, in this case, cryptocurrencies. More specifically, it is an agreement to buy or sell a particular asset – be it stocks or cryptocurrencies – at a predetermined price and a specified time in the future.

Derivatives do not have inherent or direct value by themselves; the value of a derivative contract is purely based on the expected future price movements of the underlying cryptocurrency.

The three main forms of derivatives are:

  • Swaps: a swap is an arrangement between 2 parties to exchange a series of cash flows in the future, usually based on interest-bearing instruments such as loans, bonds or notes as the underlying asset. The most common form of swaps are interest swaps, which involves the exchange of a future stream of fixed interest rate payments for a stream of floating rate payments between 2 different counter-parties.
  • Futures: a financial contract where a buyer has an obligation for a buyer to purchase an asset or a seller to sell an asset (such as commodities) at a fixed price and a predetermined future price.
  • Options: a financial contract where a buyer has the right (not an obligation) to purchase an asset or a seller to sell an asset at a pre-determined price by a specific timeline.

The most common cryptocurrency derivatives are bitcoin futures and options, due to the fact that the market capitalization of Bitcoin is more than 50% of the cryptocurrency market and it is the best-selling coin.

Reasons for trading derivatives

Derivatives are highly complex financial instruments that is used by advanced or technical investors. There are three main reasons for the use of derivatives, which include: 

  • Protection from volatility

The fundamental reason for the existence of derivatives is for individuals and corporations to reduce their risk exposure and protect themselves from any fluctuations in the price of the underlying asset.  

  • Hedging 

Investors could also use derivatives to protect their investment portfolio. This is also called "hedging", which entails taking measures to offset potential losses. Derivatives serve as a vital risk management technique for institutions and investors. The concept of hedging is similar to owning an insurance policy for your portfolio.

  • Speculation

Traders often utilize derivatives to speculate on the prices of cryptocurrencies, with the main objective of profiting from the changes in the price of the underlying cryptocurrency. For instance, a trader might attempt to profit from an anticipated drop in the general prices of cryptocurrencies by "shorting" the coin. Shorting – or short-selling – refers to the act of betting against the price of a security. Speculation is often viewed negatively since it adds a higher degree of volatility to the overall marketplace.

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Owning Bitcoin

The simplest way to get exposure to Bitcoin’s price is to own bitcoin directly. This means you own some portion of the actual 21 million bitcoin that will ever exist. Surprisingly, its not always immediately clear if you actually own bitcoin directly. An easy way to check if you have actual bitcoin is to see if you can transfer the currency. If you can send bitcoin, then you own bitcoin.Even when you own bitcoin, if your wallet is controlled by a third party such as an exchange, you are sacrificing some degree of autonomy over your bitcoin. In order to take full control of your bitcoin, you must send your bitcoin from your exchange account to a wallet you control. This transaction will be recorded on the Bitcoin blockchain, which serves as the ultimate authority on ownership of bitcoin.

Owning Bitcoin Derivatives: An alternative way to gain access to the Bitcoin price

An alternative way to gain exposure to Bitcoin’s price is by owning derivative, or synthetic, products. These derivative products change price based on the price of their underlying asset: Bitcoin.

However, there are several important differences between owning a Bitcoin derivative and owning real Bitcoin.

Since the derivative is not real Bitcoin, the owner will not be able to spend or transfer funds on the blockchain. Importantly, this means that the derivatives must remain in the control of the company that issued them. For many people, part of the appeal of Bitcoin is the autonomy from legacy financial institutions. This autonomy is lost with Bitcoin derivatives.

Additionally, derivative products have a greater degree of counterparty risk because they are tied to a specific company. If the company becomes insolvent or dishonest, your investment may be lost even if the price of Bitcoin indicates that they should be valuable. The company offering the derivatives is almost certainly hedging their position to limit their risk as the Bitcoin price fluctuates. However, this hedging may be imperfect, or the company could simply fail for other reasons.

Owning Bitcoin derivatives may not always carry the ability to redeem those derivatives for their worth in real bitcoin.

Benefits of Bitcoin Derivatives

Despite these drawbacks, Bitcoin derivatives do offer some compelling benefits. Some Bitcoin derivatives trade on stock exchanges, along with more traditional equities. This can be extremely beneficial for traders who are better positioned to interact with these markets than traditional Bitcoin markets. Additionally, many institutional investors have restrictions on where they can allocate their investments, and financial derivatives may be more accessible than direct ownership of bitcoin.

Derivative products can also give investors the ability to leverage or hedge their position in ways that are not possible with direct Bitcoin ownership. Derivatives with very high liquidity may be well suited for high-frequency traders looking to minimize slippage.

Which Method Is Right for You?

The answer to this question depends on the users' individual investment needs. If Bitcoin derivatives are the only option for an investor based on their restrictions, then they may be a good choice. A trader who intends to spend or transfer their funds will need to own actual bitcoin. An investment is a personal decision that individuals must make for themselves, but generally, the simplest way to get exposure to Bitcoin’s price is by owning bitcoin directly.

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Cryptocurrency Derivatives Exchanges

Some leading exchanges and cryptocurrency trading platforms offer trading in cryptocurrency derivatives, including bitcoin derivatives. There are platforms - derivative exchanges that specialize in trading crypto derivatives.

The crypto derivatives exchange is a market for trading financial instruments that derive their value from crypto assets. Derivatives are not assets themselves, but constructs that track asset prices. Derivative financial instruments are usually used to manage the risks associated with the ownership of assets, and are also used for speculation.

A crypto derivatives exchange can offer products that follow the price of Bitcoin (BTC), Ethereum (ETH), or a basket of altcoins. While some crypto exchanges offer dozens of derivatives, others specialize in futures and options.

Futures are binding agreements to buy or sell assets at a certain price at a certain time. Options represent the right, but not the obligation, to buy or sell.

Initially priced by market makers, crypto futures rise or fall in value based on supply and demand. These changes may track spot prices, the going rates for assets that are traded immediately.

The difference between futures and spot prices, which can be positive or negative, is referred to as the cost of carry or basis. Basis varies, but by a contract's expiration, it will always be zero.

Options are less risky than futures contracts. If John thinks Bitcoin is trending up, he could purchase a call option representing the right to buy BTC at a certain price. If the market cooperates, he can exercise the option and rake in the difference between his strike price and wherever the upswing takes him. If the market goes the other way, he'll lose his premium but not his bags.

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Some crypto exchanges, like BitMEX and Deribit, specialize in derivatives. Others, like OKEx and FTX, offer derivatives and spot trading. Unlike futures and options, spot trades are settled instantly.

A crypto derivatives exchange may be centralized or decentralized. To facilitate trading, centralized exchanges take custody of user keys, the series of characters that correspond to blockchain addresses and represent crypto ownership. This custodial role obliges centralized platforms to perform Know Your Customer compliance, a series of questions to establish user identity.

Decentralized derivatives exchanges like dYdX do not custody keys. Rather, users interact straight from their crypto wallets via smart contracts, scripts that automatically execute when programmed conditions are met.

Centralized exchanges are generally faster and cheaper, but decentralized exchanges let users retain control of their funds and identities. 

TOP 5 Cryptocurrency Derivatives Exchanges

1
Binance Futures is a cryptocurrency trading platform founded in 2019 as a part of Binance. It was established for traders who like to speculate on Bitcoin and other popular altcoins like Bitcoin Cash, Ethereum, Litecoin, and Ripple values. Binance Futures benefits from Binance's reputation because it is a product of Binance, one of the most well-known and trustworthy cryptocurrency trading platforms in the world. It is the world's largest cryptocurrency exchange by trading volume daily and is available in over 180 countries with a global user base of over 15 million people.With the maximum cost of 0.04 percent on any deal, leverage up to 125x is also possible on Binance Future's platform. The traders' funds in Binance Futures accounts are kept separate from their regular trading accounts.
In this case, Tether (USDT) must be used as collateral to fund Bitcoin futures. The USDT-margin futures contract's limit order feature allows clients to specify a Take Profit (TP) and a Stop Loss (SL) to the order.
Except for a few new tools, such as those used to regulate leverage and examine open positions, the Binance Futures user experience is nearly identical to the Binance spot trading interface. Binance Futures also has what is called SAFU insurance to covers their clients' Futures wallets and funds.  

2
Launched in Jun 2016, Deribit describes itself as a futures and options trading platform for cryptocurrencies. Deribit is a centralized cryptocurrency exchange located in Netherlands. There are coins and 73 trading pairs on the exchange. Deribit has been created as an answer to those in search of a professional fully dedicated cryptocurrencies futures and options trading platform. A service that can create a fully liquid marketplace with the same standards as a traditional derivatives market. Deribit is open to traders in over 100 countries. It comes with no fee deposit and free withdrawal options up to certain amounts. And only allows for the buying and selling of Bitcoin futures and options. Supported trading coins: Bitcoin, Ethereum. Deribit has a lot of features. It offers dashboards for trading history, recent trades, and order books. It also has statistics for futures, index, volatility, and technical indicators. Deribit’s interface appeals to a newcomer and serves as a powerful tool for experienced traders.
3
Bybit is currently one of the top three crypto derivatives exchanges. Established in March 2018, Bybit is one of the fastest growing cryptocurrency derivatives exchanges, with more than 1.6 million registered users. One of the reasons for Bybit's popularity is its low fees. CEO Ben Zhou and his group have done an excellent job keeping the costs among the lowest in the cryptocurrency derivatives business. Bybit charges a taker fee of 0.075 percent and a refund of 0.025 percent to makers. Unlike other margin trading exchanges, Bybit has a simple design, but it has all the features that can allow traders to have a more advanced trading experience. Since its matching engine can handle 100,000 TPS, you did not have to worry about overload, and it has low latency (1ms). 
Derivatives products currently offered on the Bybit platform are inverse perpetual contracts (BTCUSD, ETHUSD, XRPUSD, EOSUSD), linear perpetual contracts (BTCUSDT, ETHUSDT, BCHLINK, LINKUSDT, LTCUSDT, XTZUSDT, ADAUSDT, DOTUSDT, UNIUSDT) and inverse futures contracts (BTCUSD quarterly). Trading in BTCUSDT is recommended for beginners.
In general, BTC, ETH, EOS, XRP, and USDT are among the five high-volume cryptocurrencies supported by ByBit for trading. An inverse contract indicates that if a trader wants to trade BTC/ETH/XRP/EOS, they must use the underlying cryptocurrency as the margin to trade the contract.
ByBit has a leverage of up to 100X. So if you open a position at $10 and leverage it 50 times, it will be possible for you to trade a contract worth $500. In this circumstance, 10 USD will be referred to as "initial margin".
ByBit provides trading in various ways. For instance, you can trade manually, with a grid bot, or with a service like Stackedinvest. However, one account may be insufficient to test many techniques, necessitating the use of the sub-accounts. As the profit and loss calculation held separately, clients can use different tactics and better track the performance of their trades.  

4
FTX is a Bitcoin & Crypto derivatives exchange that has quickly made a name for itself in the ever-growing cryptocurrency market. The exchange has received much positive feedback from the crypto trading participants, and it already has a lot of daily trading traffic.  
FTX offers products including industry-first derivatives, options, volatility products and leveraged tokens; buy and sell BTC, ETH, USDT, BNB and index futures with low fees and up to 101x leverage.
The team reportedly comes from Wall Street quant firms and tech companies including Jane Street, Optiver, Susquehanna, Facebook, and Google. 
The exchange offers regular spot trading and accepts fiat and cryptocurrency transactions, including Bitcoin, Ethereum, Litecoin, and various stablecoins. FTX seeks to serve retail and institutional traders, offering various goods and services geared toward more serious traders.
The platform also offers an over-the-counter (OTC) service for those looking to make large crypto purchases and a mobile app for those who want to keep track of their accounts on the go.
Over 20 notable cryptocurrencies, including BTC, ETH, BNB, and LINK, are available for perpetual futures on FTX. Index Futures are also listed on the exchange, allowing customers to trade various markets in a simpler manner. Large-cap coins (ALT-PERP), mid-cap coins (MID-PERP), and small-cap coins (SCAP-PERP) are among them (SHIT-PERP). By selecting the proper index, users can trade exchange tokens (EXCH-PERP), privacy tokens (PRIV-PERP), and regional baskets (DRGN-PERP).
The exchange also offers over 45 different leveraged tokens, making it very simple for users to obtain leverage. The BULL and BEAR tokens, for example, automatically monitor users' exposure and rebalance daily to maintain their goal leverage and avoid liquidations.
There are no costs on deposits or withdrawals when using FTX, and there are no costs on futures settlements. Trading over the counter (OTC) is likely free of charge because FTX has included the commission in the offer price.
The creation and redemption fees for leveraged tokens are 0.10 percent, while the daily management fees are 0.03 percent. So if you use 50x leverage, your trading fees will increase by 0.02 percent, and if you use 100x leverage, your trading costs will increase by 0.03 percent. 
5
Led by 8 former Morgan Stanley Executives, Phemex's goal is to build the worlds most trustworthy cryptocurrency derivatives trading platform. They offer perpetual contracts trading for Bitcoin, Ethereum, Ripple, and Chainlink with up to 100x leverage.There are 33 coins and 34 trading pairs on the exchange.

Crypto derivatives: conclusions

Crypto derivative is a recent addition to crypto trading that can increase or even multiply your profit if used correctly. It comes in many forms including futures, options, forwards, and perpetual contracts. Each has its own conditions and requirements to fulfill. As the crypto market keeps expanding, the use of derivatives becomes more significant as it is tied to the price fluctuations on the market.

The benefits of an established derivatives market go beyond the uses of an individual’s portfolio. It improves the underlying cryptocurrencies as a complete financial product that caters to demand from both retail and institutional investors. The fast-growing derivatives market will further expand the uses and acceptance of cryptocurrencies. And hopefully, challenge conventional financial products as the go-to venue for investors to grow their wealth over the long term.


Conclusions

There are several ways to buy bitcoin and other cryptocurrencies: centralized and decentralized exchanges, peer-to-peer trading platforms, instant purchase services (instant exchangers), over-the-counter (OTC) desks, brokerages, Fiat-to-Crypto gateways, bitcoin ATMs, hot and cold cryptocurrency wallets, including hardware and mobile wallets that have built-in Fiat-to-Crypto gateways. 

An alternative way to gain access to the price of bitcoin is to own its derivatives or synthetic products. Bitcoin derivatives are traded on bitcoin and cryptocurrency derivatives exchanges.

The purchase of bitcoin provides for the mandatory presence of a cryptocurrency wallet, which guarantees you the security and inviolability of private keys, therefore, reliable protection of your crypto assets. The software of the best models of hardware wallets with special apps allow you not only to store cryptocurrency, but also to buy, exchange, sell, send, stack, store, that is, manage and grow your crypto assets. 

New bitcoin price comparison tools (gateway aggregators) help the user to compare the prices of leading fiat-to-crypto gateways in real time and choose the gateway that offers the best option, which will allow you to buy bitcoin with the lowest fees, without overpayment, using a convenient payment method.

The cryptocurrency market is developing dynamically, which creates prerequisites for the creation and introduction of new methods, technologies and tools for buying, selling and exchanging bitcoin and other cryptocurrencies.


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Disclaimer

This article is intended for and only to be used for reference purposes only. No such information provided through BuyBitcoins24 Team Blog constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific person. These forecasts are based on industry trends, circumstances involving clients, and other factors, and they involve risks, variables, and uncertainties. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements contained herein. Users of this article agree that BuyBitcoins24 Team Blog does not take responsibility for any of your investment decisions. Please seek professional advice before trading.