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The best way to buy Bitcoin in 2024 - Bitcoin buying sites

The best way to buy Bitcoin in 2024 - Bitcoin buying sites

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What is Bitcoin

Bitcoin is a cryptocurrency that has faced some extreme fluctuations in its price since it was first introduced in 2009.

Regarding buying this currency...there are many different ways to buy the most widely traded Bitcoin currencies around the world, as you can buy them directly or indirectly through a small number of traditional intermediaries in addition to some specialized companies.

Today, buying Bitcoins has become easier than ever before, and here are 5 ways through which you can determine the best way to buy Bitcoin and some of the main factors and tips that you should avoid. Now we will present to you the 5 best ways to buy Bitcoins in 2024

1. Financial applications

These apps like “PayPal, Venmo” now allow you to trade cryptocurrencies.

PayPal provides all available means of providing the service of buying and selling Bitcoins directly using the same application that you trust for your online payments, as it pays approximately $0.49 for transactions that contain less than $5 only, and the fees will increase after that.

While trades involving $200 - $1,000 cost 1.8 percent and there are price differences on the trading process, you may be able to trade for less than one dollar each time. You can also trade many other digital currencies on the same financial applications such as “Ethereum, Litecoin, and Bitcoin.” Cash".

As for Venmo, it charges the same tax fees because it is owned by PayPal.

2. Exchange digital currencies

Cryptocurrency exchanges are a popular tool for people looking to buy Bitcoin, as exchanges offer some key features to traders such as:

Providing the best cryptocurrency exchanges with the lowest possible cost for trading cryptocurrencies.

Do not ask for spreads as they are fees built into the trading prices.

Many exchanges offer wallets, allowing investors to store cryptocurrencies securely.

3. Trading applications

You can buy Bitcoins without commission directly using popular trading applications such as: Webull or Robinhood.

First: Robinhood is the best site and without commissions, but it charges fees on price differences between currencies, the cost of which it does not specifically disclose.

Rather, you will be able to buy Bitcoins directly through this company, and you will also be able to access other digital currencies and buy stocks and investment funds, which is an advantage that brokers do not offer.

Second: Webull website, which allows you to trade more than 25 digital currencies through this major platform, including Bitcoin. However, for this you will pay 1% on each transaction.

How to buy Bitcoin 5 ways to add the popular cryptocurrency to your wallet

4. Brokers

At Interactive Brokers, you will be able to buy bitcoins directly, with the broker charging $10.02 per purchase.

If you want to trade Bitcoin directly, you will pay a commission based on your monthly trading volume, and you will also have access to Ethereum, Bitcoin Cash, and Litecoin.

Interactive Brokers provides a wide range of other tradable securities around the world.

5. Bitcoin ATMs

One final option where you can buy bitcoins directly is through an ATM, although you will spend more in commissions than you would elsewhere.

However, it will enable you to buy Bitcoins and will also allow you to sell them using cash and debit cards, as some ATMs charge approximately 7% per transaction.

What is the best place to store bitcoins?

- Hot wallets

Hot wallets allow for easy use and transfer of digital currencies, and since your coins are secured by software rather than hardware and remain connected to the Internet, they are less secure than cold wallets.

- cool wallets

Cold wallets rely on hardware to secure your coins. They look like a drive that can be disconnected from the internet, making your assets very secure. When you are ready to transact, you can connect them and do all your business on them.


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