If you’re researching bitcoin and other cryptocurrencies, it’s important to stay safe. Everyone should take precautions when trading these coins. If you’re trading on a centralized exchange, then you should be aware of the risks of hacking, market manipulation and theft.
When choosing an exchange, it’s important to know how large the platform is, how long it has been around and what type of security protocols are in place. Here are some of the best exchanges for securely buying bitcoin in 2019. These exchanges are considered some of the most secure in the world.
Bitcoin has a hard time building up its reputation as a legitimate currency. The reason is that there’s no company or government to back it up, which makes it risky for investors and users.
In order to make it less scary, we’ve selected the top 5 exchanges where you can buy Bitcoin safely and securely.
1. Coinbase – Safest Exchange for Buying Bitcoin
2. Coinmama – Highest Limits when Buying Bitcoin with a Credit Card
3. Bitpanda – The Best Exchange for Buying Bitcoin in Europe
4. CEX.io – The Best Exchange for Buying Bitcoin with a Debit Card
5. Binance – The Best Exchange for Trading Cryptos
Coinbase is one of the first exchanges that you can use to buy Bitcoin. This platform was founded in 2012. It is a reputable exchange that has been operating for over 5 years. Coinbase has built a reputation over this period and is widely known as one of the most trusted platforms out there.
There are multiple ways to buy Bitcoin on this platform. You can use your credit card or debit card to purchase Bitcoin, and there is also the option to use cash.
There are also advanced trading options for those who want to trade with higher volumes and more advanced features, including limit orders, stop orders, and margin trading. These include Coinbase Pro (formerly GDAX), and Kraken which I will discuss further down this article.
If you are looking for an exchange that offers nearly everything, then Coinbase is the place to go!
There are many exchanges out there, but the list below includes only the top 5 most secure and reputable exchanges.
The choices are based on your needs; for example, you may want to buy bitcoin with a credit card or you may need to be able to cash out your bitcoin for USD (fiat).
In addition, security and reputation are also factors that you must consider when choosing an exchange.
For more tips on how to avoid getting scammed, check out our ultimate guide.
1. Coinbase – Buy Bitcoin with Credit Card
2. Binance – Buy Bitcoin with Debit Card
3. Blockchain – Buy Bitcoin with Cash (ATM)
4. Paxful – Buy Bitcoin with PayPal
5. LocalBitcoins – Buy Bitcoin with Cash (Brick & Mortar)
Cryptopia is a well-known altcoin exchange based in New Zealand but offers services to all traders across the globe. It is a popular exchange for its large number of altcoin pairs and low fees. However, its verification process has been criticized in the past for being slow and disorganized. Cryptopia also supports fiat currency deposits, which is a rare feature among cryptocurrency exchanges.
3. Coinbase Pro