Where to buy cheap Bitcoin and is Coinbase most expensive? - Exchange Overview
My focus when buying Bitcoin is to buy $BTC cheap and easy. Either you buy bitcoin to buy other currencies or you just want to be a part of the revolution. No matter how, there are different ways to buy bitcoins. I would like to share my experience with you and show you some exchanges I have tested myself.
I live in Europe so the exchanges I have selected are geared to the European market. However, most of them can easily be used internationally. Take a look at the price differences on the exchanges, you can save real money by comparing.
Bitstamp - good price
- https://www.bitstamp.net
- Today's Bitcoin Price: 15.253,00 $ / 12.863,05 €
- Advantages: mobile app, cheap prices, moderate fees, buy some main currencies quickly, possible to set a limit order
- Disadvantages: KYC takes a while, FIAT money must be transferred in advance, few possible payment methods
- Features: Cheap, Change $BTC in Fiat and transfer back to your bank account.
- Payment methods: credit card, SEPA
Kraken - good price
- https://www.kraken.com
- Today's Bitcoin Price: 15.236,34 $ /12.849,00 €
- Advantages: cheap prices, moderate fees, buy good choice of main currencies quickly, possible to set a limit order, support is ok
- Disadvantages: FIAT money must be transferred in advance, few possible payment methods
- Features: Cheap, Change $BTC in Fiat and transfer back to your bank account.
- Payment methods: SEPA - in some countries only with Fidorbank account
Litebit - expensive
- https://www.litebit.eu
- Today's Bitcoin Price: 15.783,70 $ /13.310,60 €
- Advantages: buy a lot different currencies quickly and easily, moderate fees, support is okay
- Disadvantages: KYC takes a while and is extensive, expensive, often sold out, not possible to set a limit order
- Features: Many different currencies, you can send the coins you bought directly to any wallet at the time of purchase. Change $BTC in Fiat and transfer back to your bank account.
- Payment methods: iDEAL, Sofort Überweisung, SEPA, Bitcoin, Bancontract Mister Cash, Giropay
Anycoindirect - expensive
- https://anycoindirect.eu
- Today's Bitcoin Price: 15.558,87 $ / 13.121,06 €
- Advantages: buy some different currencies quickly and easily
- Disadvantages: high fees and expensive, not possible to set a limit order
- Features: fast and easy, you can send the coins you bought directly to any wallet at the time of purchase.
- Payment methods: SEPA, iDEAL, Sofort Überweisung, Trustpay, Bancontract Mister Cash, Giropay
Coinbase - expensive
- https://www.coinbase.com
- Today's Bitcoin Price: 15.720,00 $ / 13.256,88 €
- Advantages: buy some main currencies quickly
- Disadvantages: expensive, high fees, not possible to set a limit order, FIAT money must be transferred in advance (only SEPA), few possible payment methods
- Features: Change $BTC in Fiat and transfer back to your bank account. KYC is fast
- Payment methods: credit card, SEPA
The screenshots were all taken at the same time. $BTC prices are from today and same time.
My personal favorites are Bitstamp because of the mobile app and the good price and sick because of the fast money transfer and of course also because of the good price. There are certainly even more exchanges, what have you made for experiences where do you like to buy Bitcoin? Let me know!
I try to get the information as good as possible, if something is not right, please let me know.
There is an important update this article, please read this article "Is Coinbase bullshitting customers? Fraud alert!" https://steemit.com/bitcoin/@cryptodiga/is-coinbase-bullshitting-customers-fraud-alert
How about buying cheep then tx to Gdax and sell?
How long has that gig been going on? Ill call it "looping".
I have seen 2K differences in bitcoin price to the high on Gdax.
Be wise to shop around like you do with everything else in life.
It may be best to buy tokens locally peer to peer.
You're absolutely right, that's a problem. I am in favour of exchange decentralization and use $BTS Bitshares and Etherdelta a lot. Every day new people come into the game, let's show them that there are more alternatives to' Coinbase!
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