Which payment providers can you buy cryptocurrencies from?
Which payment providers can you buy cryptocurrencies from?
Cryptocurrencies are becoming increasingly popular with investors, traders, and many others around the world. In addition to a significant increase in the introduction of numerous virtual currencies, the introduction of trading venues for these cryptocurrencies is also increasing. There are various ways to buy or sell cryptocurrencies, including the traditional crypto exchanges such as Binance and Coinbase. In addition, websites that facilitate the In the OTC category (OTC is the abbreviation for Over the Counter and can be translated as “over the counter”), the over-the-counter trading in local currency for Bitcoins. Bitcoin has been booming since 2017 and many private individuals are always gambling more often with the idea of investing in digital currency. The big question is, where can you actually buy this means of payment? There is a very large number of different platforms on the Internet that offer trading and buying with cryptocurrencies. We looked at a few of them for you.
How do you buy cryptocurrencies?
When looking to invest in cryptos, the first thing to consider is whether buying or trading will best suit your needs. If you want to buy digital means of payment, you basically have two options: First, you can easily purchase cryptocurrencies with money. Depending on the price of the cryptocurrency you bought, you will receive a certain amount of Bitcoin, Ripple or Ethereum for your money.
Second, there is the possibility that you already have a digital currency and can then exchange it for another. Special crypto exchanges and payment providers are available for this, where you can buy with euros or US dollars.
All you have to do is create an account and then, depending on the payment provider, transfer the amount you want, but you can also link your account to your credit card, which is often the easiest.
Coinbase – American provider of cryptocurrencies
As the leading cryptocurrency exchange in the US, Coinbase has become a standard for new crypto investors. Coinbase offers a wide variety of products including cryptocurrency investments, custody accounts for institutes, a wallet for retail investors, and its own stable US dollar coin. With a German ID card, proof of identity is possible without any problems, and you can make purchases quickly and easily with an app for your smartphone. Coinbase was founded in 2012 and is a fully regulated and licensed cryptocurrency exchange in 40 US states and territories. Coinbase initially only allowed Bitcoin trading, but quickly added several cryptocurrencies. The list has been expanded to include Ethereum, Litecoin, Bitcoin Cash and many more.
Bitcoin.de – Germany’s best-known provider
Bitcoin is probably the oldest, best known and largest digital currency in the world. Bitcoin was developed in 2009 and is a form of decentralized electronic cash that is a viable alternative to traditional fiat currency. Instead of having to deal with a central authority like a bank to process transactions, Bitcoin holders can transfer their coins directly to one another on a peer-to-peer network. The maximum coin supply of Bitcoin is limited to 21 million, but it is possible to buy a small fraction of a coin – each individual coin can be divided into 0.00000001 BTC. With over 500 bitcoin exchanges around the world, it can be difficult to know which ones to use. It all depends on your country of origin, what coins you want to trade with Bitcoin and how you want to pay and withdraw your Bitcoin. If this is your first time buying Bitcoin, try Bitcoin.de as it is a safe and easy-to-use way to buy Bitcoin from other people. In 2011 Bitcoin.de became one of the largest European marketplaces for buying, trading and selling Bitcoin. All users are screened and then continuously rated by other users to increase the level of trust. As with an exchange, the prices are based on the supply and demand of Bitcoin. If you are looking for the best Bitcoin exchange to make sure you buy from verified users at fair prices, Bitcoin.de is sure to be the one.
Kraken – Versatile crypto exchange
At Kraken you have the opportunity to trade a wide variety of different cryptocurrencies. You can buy or sell the cryptocurrencies using a variety of fiat currencies, including euros, US dollars, Canadian dollars, and the Japanese yen. In addition to the absolute classics such as Litecoin, Bitcoin and Ethereum, you also have the option of buying even less well-known digital currencies. Kraken offers a feature-rich trading platform for fans of cryptocurrencies as well as large trading companies. There are a variety of account types that cater to the needs of all types of traders as well as investors. With its advanced order system, Kraken is one of the leading providers in cryptocurrency exchange. A disadvantage is that the site is unfortunately only available in English and there is no telephone support.
Paymium: high level of security
Paymium is a so-called Bitcoin bank that enables you to trade, buy and sell Bitcoin, while also offering you a secure wallet system to store your Bitcoin. Paymium started its Bitcoin trading and exchange business in 2011. As I said, you can only buy and sell bitcoins at Paymium. The main target market for Paymium, headquartered in Paris, is the European market. The Bitcoin exchange service offered by Paymium is currently used by tens of thousands of European customers. The services offered by Paymium include: Bitcoin exchange services, merchant solutions for Bitcoin based e-commerce payments and Bitcoin trading. Paymium’s services are also available via a mobile app so that you can take full advantage of the platform even when you are on the go. The site is very easy to use, available in German and complies with EU regulations for banks. This in turn is a guarantee that you are well protected here.