by Camila Porto | Mar 10, 2022 | Technology | 1 comment
No one doubts that Bitcoin and cryptocurrencies are here to stay. Many people who want to enter this market ask the question “What is the best site to buy and sell Bitcoin?” Because it is a new topic and full of myths, let's understand what you need to buy Bitcoins safely and the best Bitcoin exchanges available in our country.
What are Bitcoin, Ethereum and other cryptocurrencies?
Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple are just a few names you will come across when browsing the world of cryptocurrencies. The first and most famous is undoubtedly Bitcoin.
The genius investment website summarized the main digital currencies and it is worth checking out the article: What are the main cryptocurrencies on the market.
In short, a cryptocurrency or digital currency is an exchange model, which can be decentralized or centralized. These exchanges are done using Blockchain technology and cryptography. In this way, it is possible to ensure that the transactions are valid.
Bitcoin, the first and most famous cryptocurrency, was created by a person who calls himself Satoshi Nakamoto. However, no one knows for sure that he is the creator of Bitcoin. Since then, many other digital currencies have been created and they divide attention among investors in this asset class.
With the arrival of the pandemic and the increase in online transactions, the fall in the values of traditional assets, Bitcoin and the digital currency market had a huge boom. The price of several of these coins has skyrocketed, as has experienced and novice investors racing for new earning opportunities.
Learn more: PicPay how does it work? 6 steps to pay and transfer
Where to buy Bitcoin?
Despite soaring prices, buying Bitcoin is still considered an excellent investment. Now, buying and holding this asset in your wallet is something that needs to be taken very seriously.
The purchase of Bitcoins is done through a cryptocurrency exchange. These exchanges usually trade other cryptocurrencies, not just Bitcoin. Through these cryptocurrency exchanges, you can acquire your digital assets more securely.
Bitcoin and other currency exchanges are also known as an exchange. Buy Bitcoins through an account in a exchange tends to be the safest route for your investments.
Bitcoin brokers act as an intermediary between those who want to buy and those who want to sell Bitcoin. She is the one who converts digital currencies into traditional currencies such as dollars or reais.
Beware of websites and brokers to buy and sell Bitcoin
Upon entering this market, many options for websites to buy Bitcoin and other coins will emerge. Here you need to be very careful, as there are many cases of fake brokers or with serious security problems.
This article from Portal do Bitcoin is an example: BRL 530 million in bitcoins stolen from a brokerage in 2022 are moved So, before investing, it is worth researching the company you will buy and sell your Bitcoins from.
How does the buying and selling of Bitcoins by brokers work?
In short, a Bitcoin broker is like a bank. You will deposit your money into your brokerage account, usually via bank transfer. With this deposit, you will be able to buy and sell your digital currencies through the platform of your choice.
The same thing happens with stock brokers. Companies like Rico, Clear and XP provide a similar service to brokers. However, for the time being these larger exchanges still do not offer the purchase and sale of Bitcoins or other currencies.
What is the best site to buy and sell Bitcoin?
There is no one-size-fits-all answer to this, as a lot depends on your investment style and which digital currencies you want to buy. But, focusing on our country market, I will list some of the most popular and highly rated brokers available to our country investors.
Check out below which are the best sites to buy and sell Bitcoin and other digital currencies.
Binance is one of the largest cryptocurrency exchanges in the world. It was founded by Changpeng Zhao in China. Through it it is possible to trade various digital currencies. With the possibility of depositing for purchase in reais via credit card, transfer and even PIX, it is, in my opinion, the best place to buy Bitcoin.
This is a global brokerage that is part of the Abakus Group and has received over 300 million dollars in investments. According to the company, they have the ability to serve investors of all levels, including professionals. In the video below you can get to know Novadax a little more
Foxbit has the appeal of being easy to use and also having a considerable volume of assets in its custody. According to the website, they are winners of the Deloitte|Exame Award for the fastest growing SMEs, with 8,3 billion reais traded and more than 750 registered customers.
In the following video you can learn more about Foxbit in a content that celebrates its 5 years in the market
BitcoinTrade is also on the list of the best brokers to buy and sell bitcoins. On the website it is possible to see that it does not only trade this asset, but others such as Ethereum, DAI, Litecoin and others.
Nox Bitcoin is another bitcoin exchange that features on the list of the best sites to buy and sell bitcoin. I confess that the look of the site did not inspire much security, but it is worth knowing this alternative for your investments.
Mercado Bitcoin claims to be the largest cryptocurrency platform in Latin America. It trades several digital currencies in addition to having very expressive user numbers and trading volume.
Below you can check out a message from the CEO of Bitcoin Market.
Another very popular platform is Coinext. Like Binance and other exchanges, it has a free content area about the cryptocurrency market. A differential is that it works with the affiliate model. You can receive up to 40% of transaction fees from your friends who sign up through your referral.
Conclusion: What is the best site to buy and sell Bitcoin?
If you've come this far, you can learn about the most popular options on the market to start your journey in the universe of Bitcoin and other digital assets. The fact is that finding which is the best broker is difficult, as each one has its differentials.
Therefore, when choosing the best one, some points can be taken into account when hitting the hammer.
Have you received any recommendation from someone you trust to open an account with a broker? In my case, I got the recommendation to use Binance. This recommendation came from a person I trust a lot and who understands the subject.
This is also important to take into account. If you are going to do a lot of trading, consider using a broker that has lower fees.
This is also a point to consider. If you are going to trade only the most popular cryptocurrencies, I believe that all the brokers on the list will suit you. Now, if you want to get into more differentiated assets, assess whether the chosen brokerage offers this.
Although all the companies mentioned here mention security, always make sure you choose a broker to buy and sell bitcoins that has a positive track record. Fraud, theft and loss of assets is unfortunately common in this universe.
That said, if you feel unsure about keeping your money with just one broker, remember that you can always diversify. In addition to diversifying your assets, spread your money across more than one brokerage if you think something could go wrong.
This is a simple way to minimize further damage if something bad happens to your brokerage and your investment. Also don't forget to vary the purchase of cryptocurrencies. Buy some Bitcoin, some Ethereum and that way you diversify too.
Finally, beware of scams and fetched promises. Even in a market with gains far above normal, be wary of difficult gains and people who do not have authority and give tips on how to invest. Everything is still very new and there are many opportunities, but there are many holes that we can fall into.
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