Ease of Use

5+

Value for Money

Good

Verification

< 3 Days

Support

Good

Started in 2017 by Chanpeng Zhao, Binance is the leading and most trusted cryptocurrency exchange in the world with over 10 million users. Based in Hong Kong, it offers more than 150 cryptocurrencies to the traders in more than 180 countries. Binance gives traders a chance to buy bitcoins and other top cryptocurrencies with fiat currencies instantly using bank cards, cash balance, and other payment methods.  It offers the lowest trading fee in the industry that is just 0.1%. 

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Payment methods

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Ease of Use

5+

Value for Money

Good

Verification

< 3 Days

Support

Good

A reliable cryptocurrency trading exchange founded in January 2018 and registered in Hong Kong and Estonia,  Hotbit offers trading in various cryptocurrencies.  It is currently based in Shanghai and Taipei and has over 700,000 registered traders  in 210 countries in the world. Hotbit exchange records daily  volume of more than $ 130MLN. With excellent and advanced trading features and tools, it allows deposits in 22 different cryptocurrencies with a trading fees of 0.2% in the industry.

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Ease of Use

Very Good

Value for Money

Good

Verification

< 3 Days

Support

Good

Huobi Global is one of the largest cryptocurrency exchanges founded in 2013 in Beijing, China by Leon Li. Headquartered in Singapore, it has 5 million users worldwide and records a daily volume of $1.18 BLN. It supports more than 200 cryptocurrencies in 130 countries. It has 669 trading markets and traders are charged a fee of 0.2% on each buying or selling activity . The exchange also offers a discount to users with the “Huobi Token”.

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Payment methods

Buy bitcoin Belgium, buy btc Belgium, buy btc now Belgium , buy btc fast, local bitcoin, btc buy Belgium, local btc, local btc Belgium, best cryptocurrency exchange to buy btc, bitcoin exchange

Ease of Use

Very Good

Value for Money

Good

Verification

< 3 Days

Support

Good

Kraken was founded by Jesse Powell in 2011 and is headquartered in San Francisco, California.  It is one of the largest and oldest Bitcoin exchanges in the world that is available in 190 countries. It offers secure and advanced trading platforms with margin trading as well as  OTC options. With more than 4 million users, it records a daily volume of $400 MLN. The trading fee charged on every trading activity ranges from 0.1% to 0.2%.

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Payment methods

bank-transfer.png
 

What is Bitcoin?

Bitcoin is a form of digital or virtual currency that was created in 2009 and is most commonly known as cryptocurrency. Every bitcoin is created and held on a computer electronically in the form of a computer file. This file is stored on the “digital wallet” application on the computer or phones.  People can transfer these bitcoins to other people from their digital wallet.  Millions of people around the world can buy or sell these cryptocurrencies through marketplaces known as “Bitcoin exchanges”.  One of the major advantages of using bitcoin is that everyone can take part individually and no one actually controls the system which gives users complete control over their finances.

How to Buy Bitcoins?

Bitcoin experts can guide you on how you can actually buy bitcoins for trading. Bitcoins can be bought online using your digital accounts. The first step requires the users to download a bitcoin wallet. This digital wallet will store all your bitcoins for further trading. The second step involves choosing the right bitcoin trader. In the third step, you need to choose the preferred payment method and then buy your bitcoin, you can store it in your wallet and use it as you wish to. Some platforms require your verified ID proof and other personal information for security purposes.

Where Can I Buy Bitcoins?

It is very easy to buy or trade Bitcoins. This can be done with the help of brokers or with some of the leading and top crypto exchanges at Bitcoin Belgium. If you wish to trade through these exchanges then you are required to register with them.  Some of the top and leading exchanges include Binance, Kraken, Coinbase, Huobi Global and Hotbit. All these exchange platforms support a wide range of cryptocurrencies and users can choose from them. Through crypto exchange platforms, individuals can trade bitcoins directly with the buyers or sellers and no extra fee is charged. You can start your bitcoin trading by registering yourself on one of the exchange platforms. On the other hand, if you choose to trade with the help of brokers, then you should be well aware of the fact that there is a high amount of fee associated with them which will be deducted from your trade amount.

What To Consider When Buying Bitcoins?

If you are looking forward to trading in Bitcoin, then there are a few factors that must be considered.  This cryptocurrency lets  you exchange money and trade in a completely different way. Before buying or investing in Bitcoin, one of the major factors that is required to be taken care of is how much you want to invest in it.  It is highly essential that you do not invest more than you are willing to lose. Otherwise, you would land up in a very tough financial situation. Some of the other factors that need to be considered before buying bitcoins include:
 

1. How Does It Work
Before buying Bitcoins, you should have proper knowledge about what it actually is and how it works. Some people refrain from investing in Bitcoins as they consider the process very complicated. But by understanding it deeply, you will get to know that it is very simple and works on blockchain technology.

 

2. Bitcoin is Volatile
This means that the price of Bitcoins keeps on changing after some time or even within an hour. This is mainly due to the continuous chain of supply and demand. This means that the price of the bitcoin will automatically increase if its demand increases and the price will drop if the number of  people willing to sell their bitcoins  increase. 

 

3. Bitcoin is not Anonymous
Money cannot be transferred through Bitcoins anonymously. All your Bitcoin transactions are publicly stored on a particular network permanently. Your current account balance as well as your transactions are visible to anyone having access to the blockchain website. So,  your  public address can be viewed by anyone on the internet.  
 
4. Secure your Bitcoins

 

You should know how to protect your Bitcoins from any kind of  malware threat or hackers. This makes it very important to secure your bitcoins so that you don’t lose a large amount of money. If you do not secure Bitcoins in your wallet, then they are gone forever and it is impossible to get them back.  So, If you are investing a large amount of your precious money into Bitcoins, then you need to ensure that you use reputable crypto exchange platforms with high security features.  
 
5. Transactions cannot be reversed

 

Another factor that needs to be considered while buying Bitcoins is that your Bitcoin transactions cannot be reversed.  This means that once it is confirmed, it will not be cancelled and only the person receiving the funds can refund the amount.  So,  you should only deal with people you know and trust.