If you have finally decided to own your first Bitcoin or perhaps a fraction of It, then you must be looking for some good site to fulfill this wish.
You might have done an extensive search in finding out the best plus cheapest site for buying Bitcoin. But if you are still feeling stuck- you should stop worrying. As here we are going to tell you a complete detail; of the cheapest sites to buy Bitcoins.
The cost might not be a bigger concern for you if you are an impulsive buyer.
But, if you are a smart buyer, you should check all the options, and then purchase the Bitcoin. It is so as by choosing the cheapest bitcoin site, you may end up saving (1-2%) on your purchase of $10000. And this saving could turn into a significant amount if you are going to buy tons of Bitcoin.
Lets us start with our findings of cheap Bitcoin sites where you pay the least.
First thing First
The first and foremost to keep in mind is that you will see Bitcoin prices almost the same on all the websites. You can only save your funds on the markup, deposit fees, and withdrawal fees with bit pal. It is also possible to lower down your cost based on factors such as:
- The country you are living in
- Your selected mode of payment
- The amount of time you can wait for buying Bitcoin
- Your choice to withdraw Bitcoin or use the exchange as a wallet
- Your technical tech sharpness
Here are a few things you should know:
- Selecting the option of a bank account to buy is the cheapest
- Using a credit card to buy Bitcoins is the costliest
- Trying to use P2P exchanges like Paxful or Localbitcoin is the cheapest.
You can find many easy-to-use exchanges. But you should also be ready to pay high fees (transaction fees, deposit, and withdrawal fees) which are perfect due to the ease of comfort.
Top Cheap Websites to Buy Bitcoin:
- CEX
This site comes on the first number in the list of cheapest sites across the globe. But it depends on you which mode of payment you choose to fund your account, and that determines how cheap or costly your purchase would be.
Let’s say that you select bank transfer as a payment method, here you would pay zero fees for USD, EUR, and GBP. Even the transaction fees are pretty nominal.
The only drawback of this site is that it charges you a withdrawal fee. But if you keep storing your Bitcoins for a long time like many others, this should not bother you.
Understanding the whole procedure of buying Bitcoin from here is very simple and fast.
- Binance
It is perhaps the most fanciful entity of the Bitcoin and cryptocurrency industry. Fully packed with all the best features of an ideal cryptocurrency exchange, it could be an ideal site for beginners and pro users as well. In its latest addition, Binance introduced a feature that lets you buy Bitcoin using a master or visa card.
The thing to contemplate the most is perhaps the cheapest fee in the whole industry. They have announced to charge a fee of only 3.5% per transaction or 10 USD, whichever is higher. You would also get the lowest transaction fee on this platform if you are planning to trade your purchased Bitcoin.
To get started, follow the steps:
- Sign up for a new account at Binance
- Press the option of Buy Crypto > Credit/debit card
- Put in the amount between (USD 15-5000)
- Pay with Visa/MasterCard
- Finalize the verification
- And after completing the purchase, here you will get the lowest Bitcoin withdrawal fees, along with its top-quality features.
- Paxful
This is a perfect place to do a P2P exchange. Being a P2P exchange, it is usually a less preferred site for a lot of users. But for the users who are ok with buying from a P2P platform, Paxful is a zero fees platform to buy Bitcoin.
Conclusion
Be careful to choose the right and trustful exchange. Do not get attracted by the sites which bluntly advertise buy cheap bitcoin, as it could be something unreliable. Make a thorough research about the and platform, else you might become a victim of a scam. So you can decide by yourself by seeing these websites listed above which are the best when it comes to buying cheap BTC and at the same time have a proven track record.
