Bitcoin is decentralized and works with peer-to-peer payments. You may use bitcoins-era as it provides excellent expertise regarding bitcoin trading. In addition, it uses cryptography, which makes bitcoin more secure than fiat money.
Bitcoin is a digital currency that one can generate through mining or its creation through the use of blockchain technology in 2009 by the founder Satoshi Nakamoto. This cryptocurrency was an innovative payment solution for the internet back in 2009. The decentralized nature of Bitcoin makes it difficult for central authorities or governments to control or regulate it in any way.
Bitcoin is a virtual asset and a currency with fast-paced growth. Bitcoin has confronted numerous aggressive value fluctuations in its spot price as it became more common. The wild expansion of bitcoin over the last five years has been shocking for many. Earlier, bitcoin was a hot topic for millennials, but now the government of countries like El Salvador is highly active in the bitcoin field. Let’s explore five distinct ways to put your money in BTC before you buy BTC on MoonPay.
Trading Apps!
Trading apps are the best way to play bitcoin and other altcoins on your mobile phone. Tech analysts say that a trading app is also safe to store your valuable bitcoins & altcoins because it is backed up with a highly secure cloud server that protects your funds from intruders.
Fintech Apps like PayPal!
The Fintech apps like PayPal are also a great way to buy and sell bitcoin. You can use the Fintech apps like PayPal and the Cash app to transfer money with your phone. Because of its secure encryption, the Fintech app provides you with the best security while transferring your money.
Digital Wallets!
Digital wallets are the new way of buying and selling bitcoin through an internet application on your computer or mobile phone. They have high-grade security features and provide you with greater flexibility compared to other wallet solutions. Digital wallets have received wide acceptance recently because they offer a platform for people to buy and sell bitcoins at their convenience at a lower fee.
Cryptocurrency Exchange!
It is one of the most popular ways to buy and sell bitcoin. The cryptocurrency exchange allows you to sell your altcoins at a special price and buy the same currency at an attractive rate.
Crypto exchange provide users with an interface that allows them to monitor their digital assets, transfer funds, and even trade or store different cryptocurrencies safely.
Popular cryptocurrency exchange!
Coinbase!
Coinbase is one of the most popular Bitcoin wallet service providers online and beginner friendly. Coinbase was founded in 2012 when Bitcoin began gaining popularity and value. Coinbase is available in more than 32 countries with several digital currencies that an individual can buy. Moreover, the digital currency offered by Coinbase is insured. Coinbase is highly regulated and has received several investments from big financial institutions like the New York Stock Exchange.
Only a limited number of cryptocurrencies are available on Coinbase, but the number is increasing with time. Additionally, you will be able to access credit card payments through Coinbase if you are living in the U.S or any country that has its credit card service partner with Coinbase.
Binance!
It is a Hong Kong-based company and was founded in 2017. Binance has over 16 million users who access the platform for trading different cryptocurrencies. Several countries can access Binance for trading digital coins like Bitcoin, NEO, Ethereum, and many more. The website of Binance is very user-friendly and offers users a smooth experience while using their platform. The number of cryptocurrencies being added on Binance is increasing with time.
Gemini!
Gemini is the following cryptocurrency exchange to be added to your list. It is a New York-based trading platform. It has both a web-based and an app-based service for buying and selling bitcoins, altcoins, and many others at real-time prices. The website of Gemini is very user-friendly, but the mobile app of Gemini has received criticism for its unresponsive interface.
Digital Exchanges/Brokers!
Digital exchanges or brokers are also market makers in the bitcoin industry. Market makers make price stabilization for buyers and sellers by offering a trading platform for buying and selling bitcoins across different jurisdictions.
Bitcoin ATMs!
Digital currencies like bitcoin can be bought and sold through these ATMs at real-time prices. Robocoin built the first and only Bitcoin ATM in 2013. More than 1,800 Bitcoin ATMs have been installed worldwide in more than 50 countries.
The use cases of these Bitcoin ATMs are increasing with time as users are becoming more accepting of digital currencies like bitcoin, Ethereum, Litecoin, and others. Robocoin is a company that was founded in 2013 to provide a complete service platform for buying various cryptocurrencies at their offices in Vancouver, Canada.
