Buying bitcoin is an easy way to diversify your portfolio. It can also be used to hedge against market volatility.
However, buying bitcoin online comes with fees. So how can you avoid them?
The best way to avoid fees is to buy crypto from a reputable exchange. Look for a platform that complies with US laws and regulations, offers stringent security measures, and provides insurance on your funds.
Cryptocurrency exchange Coinbase
Coinbase is a popular place to buy bitcoin, offering an easy-to-use interface and a wide selection of cryptocurrencies. It also offers security measures and has banned suspicious accounts to protect customers from scams.
New users can receive a $5 reward when they verify their identification and make their first trade. This offer is available for a limited time and while supplies last.
The company also offers a number of different trading platforms, each with its own features and unique fee structure. These include Coinbase, Advance Trade, and a dedicated cryptocurrency wallet service.
The fees charged by Coinbase are based on the payment method used, size of the transaction and market conditions. They are also known as ‘variable fees’ because they change depending on how you use your account.
Cryptocurrency exchange Kraken
Kraken is a well-known and respected crypto exchange that offers a wide range of services. These include spot trading, margin trading, and staking.
Creating an account on Kraken is easy, and you can get started within just two minutes. All you need is an email address and a password to sign up.
The site supports a wide variety of cryptocurrencies, including bitcoin and other popular coins. However, users must verify their accounts before making a deposit.
Unlike other exchanges, Kraken does not charge a transaction fee when you buy or sell any cryptocurrency. This makes it an attractive choice for beginners who want to get their feet wet in the world of cryptocurrencies.
Cryptocurrency exchange Coinmama
Coinmama is an exchange where you can buy bitcoin with a credit card. They are one of the most popular exchanges for this service, and they have a reputation for prompt support.
They also have an identity verification process that helps protect your account from unauthorized access. They offer two-factor authentication and don’t store your credit card information in their system.
This means that if someone steals your password, they won’t be able to use your account to purchase crypto. It’s a great security feature, and it’s a standard for exchanges that comply with Anti-Money Laundering regulations.
In addition, Coinmama also offers high spending limits and verifies accounts quickly. In fact, they claim that once your payment is approved, your coins will be sent instantly.
Cryptocurrency exchange Bybit
If you’re looking to buy bitcoin with no fee, Bybit is one of the best options. It offers low fees, a responsive exchange, and developers with a proven track record.
Bybit also allows users to stake their coins for a period of time in return for interest rewards. This is a great way to earn more money in crypto while avoiding the volatility of market prices.
To start trading on Bybit https://www.bybit.com/en-US/ , you’ll need to open an account. It requires an email address and password, which are protected by a two-factor authentication method.
Once you’ve set up your account, you can start buying and selling cryptocurrencies on the platform. The platform supports more than 600 cryptocurrencies and tokens.
Bybit also allows users to launch their own cryptocurrencies on its Smart Chain platform. This lets crypto developers build new projects and get them out there early on.