Buying and selling cryptocurrencies has come a long way in recent years and there are now more ways than ever to buy and sell. The most common ways to do this are online exchanges and trading platforms, Peer to Peer, Bitcoin ATMs if you have have a bitcoin wallet you can also purchase using credit cards, bank deposits and cash. There any many options to consider when making your purchase such as fees, exchange rates, fees, support, and payment method, Here is a break down to help you make a decision that best suits you.
Exchanges and trading platforms There are many local and international exchanges that typically charge low fees between 0.05% – 2.00%. Using a local exchange is a simple as signing up and transferring funds via bank transfer or Bpay once your funds arrive you can make instant purchases. If you are new to Cryptocurrencies we recommend using Coinspot Who have a wide range of altcoins and bitcoin is compliant with AML/CTF laws and uses and beginner friendly interface.
Leverage Trading Margin trading is opening a position with leverage that can be up to 100x for example by opened a margin position with just 2x leverage your base assets have increased by 10%. Your position yielded 20% because of your 2x leverage. Standard trades are traded with leverage of 1x or 1:1 this makes leverage trading potentially very lucrative, however as with all forms of trading there are risks. Margin trading is possible due to the existence of the lending market. Lenders provide loans to traders so they can invest in larger amounts of coins, and lenders benefit from interest on the loans.
Credit/Debit CardsBuying bitcoin and other digital assets with a credit card is not only a simple and convenient way to purchase, it’s also easier than ever before and in most cases instant. Our buy/sell page covers the most trusted services available.
Person to Person (P2P) Buying and selling P2P means you deal with the buyer or seller directly this can be done online or in person. Usually you will be able to find a varity of payment methods. The most popular and trusted online service for this is LocalBitcoins who uses a rating system similar to eBay to ensure you connect with trusted people.
Bitcoin ATMs Bitcoin ATMs are becoming more common in every day places such and shopping centres and other public places. Many businesses are now using bitcoin ATMs to attract new customers. You will need a Bitcoin address to use a Bitcoin ATM