Bitcoin is a growing category of money known as cryptocurrency. It is created and held electronically and its most important characteristic is that it is decentralized, meaning no single institution owns the currency. Buying Bitcoin use to be a hassle but with its popularity rising, it is becoming easier to buy the currency online. The following online companies create the easiest way to buy Bitcoins online.
In the US, Coinbase is an online business that allows people to buy and store their Bitcoins and essentially acts as a Bitcoin wallet. Coinbase operates with local banks in 24 different countries. Sending and receiving Bitcoins is free but they do charge a 1% fee to exchange. The process to get started with Coinbase is simple. You first sign up and then connect your bank account. Some verification steps are necessary in order to ensure security but the process is not a difficult one. Once your bank account has been verified, you are ready to start a purchase. You can read a review of Coinbase here.
Another growing online business that makes it easy to buy Bitcoins is Circle. Circle is an App that allows you to use your mobile device or desktop to make a transaction. The easiest way to buy Bitcoins online using Circle is linking your credit card, debit card or you may choose linking a bank account as well. Your transfers from bank accounts are instant as well as transfers from debit cards or credit cards. However, it is worthy to note that most debit cards and credit cards will traditionally have third party fees.
TrueCoin advertises that they are the fastest way to buy Bitcoin. You simply log in using your Facebook, LinkedIn or Google account. Then select form of payment by way of Visa or MasterCard and instantly your transaction is complete. There is a verification process that you will have to endure in the beginning but it is not a daunting task given the fact of the ease of future transactions. The ability to log in with your social accounts is definitely, in my view, a plus and seems effortless. They also use bank level security which ensures your account is safe and accessible at all times.
Last but not least, CoinSetter Bitcoin Crypto Exchange offers the same easy to use features as those listed above as well as the ability to trade Bitcoin in which you earn on the price increase or decrease. They do however, charge a fixed commission of 0.2%.
Buying Bitcoin is not a drawn out and complicated process with the rise of online Bitcoin businesses. Through a few fast, easy steps and simple verification processes, you can buy and sell Bitcoins in a matter of minutes. Before giving your account information, I would recommend that you verify the level of security the online business uses to store your money and account information. With that being said, using Bitcoin helps protect you and your wallet from various types of fraud and is the simplest way to exchange money world wide.