The year 2017 has been an exciting one for cryptocurrencies and blockchain technologies. The cryptocurrency market began the year with a market cap of just $17.7 billion and grew to over $600 billion by December. As Bitcoin peaked at around $19,000 in December, most people were eager to buy some of their own, hoping to become instant millionaires.
It’s safe to say that most people got burned, and now the bear market is in full swing. Many people are still optimistic about Bitcoin and other cryptocurrencies becoming mainstream in the future—so much so that they’re still buying them.
Things To Consider Before Choosing An Exchange
Great Liquidity
The best place to buy Bitcoin in 2023 will be the place that has the most excellent liquidity. Liquidity measures how easily an asset can be traded for cash without impacting the asset’s price. In other words, it’s a measure of how easy it is to sell without causing the asset price to drop. If you plan on buying Bitcoin in 2023, locating a liquid market should be your most important concern.
Fees
When you purchase bitcoin, you’ll pay a fee for your transaction. Then, you’ll pay another fee for that transaction when you send it. It may seem like a lot of expenses, but these fees are insignificant compared to those on other payment platforms such as PayPal or Bank of America. These fees are crucial because they can add up fast and seriously cut your profits.
Speed
At most, Bitcoin can only process seven transactions per second—which is no match for the 2,000 transactions per second that Visa can handle. That’s why Bitcoin has a long wait time for transactions. At peak times, it could take hours to confirm a single transaction. Bitcoin has solved this problem by raising the transaction fee—which is paid by the sender—to ensure that miners are incentivized to include your transaction in the next block they mine.
Where To Buy Bitcoin?
Aside from Bitcoin cloud mining, another way to acquire Bitcoin is to buy it in a crypto exchange.
So where can they go to buy Bitcoin? Below are our top suggestions for where to buy Bitcoin in 2023:
Kucoin Exchange
Kucoin is a cryptocurrency exchange platform like all the other exchanges out there. However, Kucoin has some unique features that make it one of the best places to buy bitcoin (BTC).
Kucoin was started by a group of blockchain enthusiasts who had proved themselves in industry giants like Ant Financial (formerly known as Alipay), GF Securities, and Youling.com. Youling is a leading Chinese electronic payment provider that offers real-time clearing services for transactions across industries in China.
Kucoin aims to provide users with comprehensive information and education about cryptocurrencies and a safe and secure environment for users to trade. The founders have identified security, compliance, and customer support as their three core values.
Kucoin utilizes a state-of-the-art cold storage system, multi-cluster, and multi-layered architecture to ensure high availability and security against attacks.
All these features make it one of the best places to buy bitcoin (BTC) or any other cryptocurrency they support, including Ethereum (ETH), Litecoin (LTC), NEO (NEO), KCS (KuCoin Shares), and many more.
E – Toro
eToro allows you to trade cryptocurrencies as well as stocks and commodities. You don’t have to choose between one or the other; with eToro, you can trade all these assets at once. eToro offers you a wide range of investment opportunities, allowing you to tailor your portfolio according to your risk tolerance and goals.
Every time you open an account with eToro, they give you $100 for free so that you can test-drive their platform before investing real money. The free $100 is credited to your eToro account within hours of opening it, so you can start trading immediately.
Uphold.com
One of the places to buy Bitcoin is uphold.com. They have been around since 2014 and are one of the most trusted sites in the space, with multiple ways to purchase Bitcoin, including credit cards, bank transfers, and even cash. You can also buy altcoins through them and sell Bitcoin back to them.
They have many support tools and help you if you have any issues while buying or selling. Rather than meeting with a stranger in a parking lot to exchange cash for the cryptocurrency, you can safely purchase bitcoin and other cryptos like USDT on a reputable exchange like Uphold.com.
Coinbase
Coinbase is a secure platform for buying and selling digital currency. You can link your bank account, debit card, or credit card to purchase bitcoin with USD. Transactions are fast and free from Coinbase. It’s also easy to set up an account on Coinbase, making it easy for first-time buyers.
You can purchase $100 or less of bitcoin per week with your linked bank account or debit card—and you can buy and sell instantly once your funds are in your wallet. When you sign up, you will get $10 worth of bitcoin for free when you spend at least $100 on digital currency.
Crypto.com
Crypto.com is one of the best places to buy bitcoin. It’s also the best place to buy cryptocurrency in general. Crypto.com has a large selection of cryptocurrencies, and they’re all accessible through their simple mobile app and web interface.
The app is great for beginners because it makes buying bitcoin easy. The interface is clean, straightforward, and designed with mobile in mind—which isn’t something you see a lot of in the crypto world.
