Where to Buy Crypto?Michael
There are various ways to Buy or Sell CryptoCurrencies, including the more traditional crypto exchanges such as Binance, Coinbase and B2BX.
In addition, sites that fall into the OTC category such as Localbitcoins.com or Paxful, which are a peer-to-peer online marketplace facilitate over-the-counter trading of local currency for Bitcoins.
However, for quick access to cryptos, using Buy/Sell/Exchange sites are a clear choice.
Needing little introduction, Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies which is undoubtedly on the radar of everyone interested in cryptos. One of Binance’s strongest offerings is the variety of coins and digital assets available while its own coin, BNB supports the exchange.
Binance was founded by Changpeng Zhao, with a vision to increase the freedom of money globally. Beyond operating the world’s leading cryptocurrency exchange, Binance spans an entire ecosystem and is today the largest cryptocurrency exchange in the world in terms of trading volume.
CEO: Changpeng Zhao (Jul 2017–)
Founded: July 2017
Founders: Changpeng Zhao, Yi He
Coinbase is a secure online platform for buying, selling, transferring and storing digital currency. It set out with a mission of creating an open financial system for the world and to become the leading global brand for helping people convert digital currency into and out of their local currency. It differs from traditional cryptocurrency exchanges as users are able to buy crypto using fiat currencies.
Coinbase has two core products; a broker exchange and a professional trading platform named GDAX. It is considered one of the biggest crypto-broker exchanges in the world, with over 30 million users and over $150 billion in crypto traded since it was founded back in 2012.
CEO: Brian Armstrong (Jun 20, 2012)
Headquarters location: San Francisco, California, United States
Founded: June 20, 2012
Founders: Brian Armstrong, Fred Ehrsam
Bitstamp is a cryptocurrency exchange based in Luxembourg. It is one of the oldest and most reputable cryptocurrency exchange platforms and has been around since the first generation of exchanges went online. Bitstamp was founded as a European-focused competitor to then dominant Bitcoin exchange Mt. Gox.
Its main service is its trading platform which enables users to trade Bitcoin along with a fairly limited range of other cryptocurrencies, with an emphasis on quality rather than quantity. Serving as a stepping stone between the traditional financial and digital currency worlds, over 3 million traders around the world today use Bitstamp to buy and sell cryptocurrencies.
Location: London, Luxembourg; Slovenia
CEO: Nejc Kodrič (Aug 2011)
Founders: Nejc Kodrič, Damijan Merlak
B2BX Exchange is a leading professional digital asset trading platform which allows users to trade major digital assets and cryptocurrencies. B2BX Exchange is owned by the B2Broker group of companies, a liquidity and technology provider of solutions for the crypto and Forex industry which commenced operations in 2014.
The platform offers full access to all popular tools for traders and institutional services including liquidity, listing, white label and market making. B2BX Exchange received approval for a regulatory licence from the Estonian Financial Intelligence Unit (FIU) in November 2018, allowing B2BX to operate as a completely regulated exchange for trading cryptocurrencies and was one of the first exchanges in Europe to secure this form of financial regulation.
Location: Tallinn, Estonia
CEO: Roman Zhitnik
Coinsbuy is a relative newcomer in this new category of venues that focuses on buy/sell and exchange services. Following an increasing demand in people wanting to buy or simply exchange crypto, Coinsbuy has quickly emerged as a go-to online provider, offering a fast and efficient service with very low fees.
Coinsbuy offers a crypto wallet, buy & sell and exchange service that caters for users across the globe. With Coinsbuy, users can buy, hold, sell and exchange popular cryptocurrencies and keep track of them in one place while benefiting from the fastest access possible to the world of cryptocurrencies.
CEO: Ievgen Iugrinov
Founded: December 2019
Changelly is an instant cryptocurrency exchange platform that acts as an intermediary between crypto exchanges and users, offering access to 150+ cryptocurrencies. It operates as a non-custodial instant cryptocurrency exchange. This means that no users’ funds are placed in the service, with the aim of making the exchange process as easy as possible for everyone wanting to invest in cryptocurrency.
Operating since 2015, the platform and its mobile app attract over a million visitors monthly who enjoy high limits, fast transactions, and 24/7 live support. Changelly partners with MyEtherWallet, Exodus, Binance, BRD, Edge, Coinomi, Trezor, Ledger, Enjin, Huobi Wallet and other well-known players in the crypto industry.
CEO: Eric Benz (Jul 2015–)
Headquarters: Prague, Czech Republic
Founders: Eric Benz
Mercuryo is a payment service for purchases in cryptocurrency with the ability to transfer any amounts around the world, while enabling the rapid exchange of cryptocurrencies into dollars and euros. With Mercuryo, users can buy, sell, store and pay with cryptocurrency whenever needed in just a few clicks, while experiencing the lowest commission on the market for crypto exchange blockchain transactions and one of the best rates.
Mercuryo was founded in 2018 and has two licenses for providing a virtual currency wallet service and for providing services of exchanging a virtual currency to fiat currency granted by the Estonian government. The company partners with top crypto exchanges Kraken and Cryptology, as well as top KYC/AML providers.
CBDO: Petr Kozakov (Jul 2018–)
Headquarters: Tallinn, Estonia
Founders: Petr Kozyakov, CBDO, co-founder, Alex Vasiliev, CCO, co-founder, Greg Waisman, COO, co-founder
LocalBitcoins is a peer to peer Bitcoin marketplace which facilitates over-the-counter trading of local currency for bitcoins. The site allows users to post advertisements where they state the exchange rate and payment methods for buying or selling Bitcoins. By replying to advertisements, a trade is opened and escrow protection is automatically activated.
This protects both the buyer and seller by keeping the Bitcoins safe until the payment is completed and the seller releases Bitcoins to the buyer. They are then placed in LocalBitcoins.com web wallet from where users can pay for their purchases directly. Unlike other types of exchanges, LocalBitcoins.com allows users to trade directly with one another, making the process customizable, as well as fast as there is no corporate overhead.
CEO: Sebastian Sonntag (Sep 2, 2019–)
Founded: June 2012
Headquarters location: Helsinki, Finland
Founder: Jeremias Kangas
Paxful is a leading peer-to-peer online marketplace where buyers and sellers are connected for business with the aim of making Bitcoin trading easier for both businesses and merchants. Paxful gives users complete control over their money, and with over 300 payment methods available it is very easy for users to find suitable offers.
Along with its escrow system and dedicated 24/7 customer support, Paxful offers an extremely secure service, together with a free wallet which combined with a host of other useful advantages, has helped build a community of over 2 million users which continues to grow.
Headquarters location: New York, New York, United States
Founders: Ray Youssef, Artur Schaback