If you want to start selling and buying bitcoins, you need to find the most profitable way that suits you best. Let’s deal with the main aspects of the topic and discuss top exchangers that might come in handy.
Selecting a bitcoin-wallet
To start buying bitcoins, you have to get yourself an online wallet for cryptocurrency. There is a plenty of services that offer specialized wallets, so you just have to choose the one that is most appropriate for your needs.
Remember that there is no need to buy a whole bitcoin. You can buy cryptocurrency in any amount you want: a half of a bitcoin, a quarter of a bitcoin, or even one-hundredth of a bitcoin.
So now you have a wallet for storing cryptocurrency and ready to start trading. Whether you are wondering where you can buy some or sell the amount of coins you already have, there is a couple of options for you:
The safest ways to buy and sell bitcoin are using a stock exchange or an online service. Let’s take a closer look at both of these variants.
Purchasing and selling bitcoins on the stock exchange
There are special trading platforms that allow buying and selling cryptocurrency. The main advantage of using a stock exchange is its course which is considered as purely formed by the market. So when you are looking for an opportunity to buy cryptocurrency, you should choose the platform with the lowest rate. In turn, look for the high and relatively average courses when your purpose is to sell coins. The most popular stock exchanges are:
CEX is safe and widely-used service officially registered in the United Kingdom. It offers a range of trading opportunities for buyers and sellers, allowing them to get and give away not only Bitcoin currency, but also Ethereum, Bitcoin Gold, Dash, etc. The service accepts payments made with Visa and Mastercard.
Bitfinex is a good option for selling Bitcoin, Litecoin, Iota, Ethereum, Monero, Ripple, Qtum, YOYOW and other types of cryptocurrency. Thus, it is not very suitable for buying since it accepts only bank transfers and verification for dollar transactions may be required.
Exmo is a platform that usually offers a very profitable course for buying. However, it requires a verification for bank transfers and a necessity to upload a scan of your passport.
Trading on Yobit is not particularly different from the same process on any other platform. The course here is a little bit higher than on the other websites, however it is still a safe and trusted resource for profitable arrangements.
The main advantage of using stock exchange is an opportunity to trade for a good rate. The cost of a bitcoin is flexible, so the stocks provide a chance to do a deal on favorable terms.
Buy/sell bitcoin with an online exchanger
There are specialized online services that are engaged in the exchange of money for online cryptocurrency. More than 100 such exchangers exist, but the top services are the following:
Changelly offers low fees and turns the buying/selling process in a simple and safe process. The system makes asks and bids on the trusted platforms and suggests the best price available at the moment.
Coinmama allows you to buy bitcoins with your debit/credit card or cash. The entire process simple: just make a payment and provide the wallet’s address. Also, the fees offered by a service are reasonable.
Be careful when buying and selling coins
Make sure to check everything carefully when doing a deal. Remember that indicating a wrong wallet address is a mistake that will cost you a big price and no service will be able to help you. Also, make sure to read the rules carefully before you start using any of these services to avoid any unpleasant and ambiguous moments.