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6 Best Bitcoin Investment Sites
Coinbase is an excellent launching pad for people looking to start investing in cryptocurrency. Also provides features of which longtime investors can take full advantage.
Coinbase is popular all over the world—more than 35 million users in more than 100 countries. Coinbase has earned customers’ trust and facilitated hundreds of billions of dollars’ worth of transactions. Its platform is simple to use and provides excellent security since most of its holdings are stored offline where hackers cannot reach them.
However, Coinbase charges relatively high fees for large transactions and for credit and debit card purchases. Its other fees are fair, though, and appropriate for investing household finances. Users may also upgrade to Coinbase Pro if they plan to transfer large amounts of money.
How Coinbase Works?
Coinbase provides a digital crypto wallet to help you store your personal funds safely. It allows you to trade among a variety of fiat currencies and trusted cryptocurrencies. You may access your funds through the traditional desktop site or keep an eye on investments through a handy app.
If you are looking for a reliable and secure crypto platform, Coinbase is one of the best legit Bitcoin Exchange in the U.S.
It is a breeze to navigate your investment options and check on your portfolio even if you are new to cryptocurrency. If you plan to buy crypto primarily using a debit or credit card, you might consider one of the following Coinbase alternatives.
BlockFi is an ideal Bitcoin investment site in the U.S. for a subset of experienced crypto enthusiasts who can take advantage of its unique features. It is especially valuable to users who want to leave their crypto funds alone so they can accrue interest.
How BlockFi Works?
BlockFi accounts can earn up to an 8.6% annual percentage yield (APY).
The platform even offers features normally found in traditional financial institutions, such as providing loans. Users must be cautious when putting their crypto up as collateral for a loan because the market can change and BlockFi charges high loan interest rates—up to 9.75%.
It is a high-risk, high-reward strategy, but smart investors can use this tactic to their advantage with a little preparation and a stomach for risk.
BlockFi is not for everyone, but its low fees, trusty mobile app, and helpful customer support team make it a solid choice. And its opportunities for loans and high APY rates are excellent for investors wanting to put their crypto to work.
PayPal’s Bitcoin exchange provides a smooth transition for users who are already familiar with using the company for fiat transactions. While their venture into Bitcoin trading is still new, PayPal has already established a reliable crypto market.
PayPal’s crypto exchange is still experiencing some growing pains. For example, it has yet to expand outside the U.S. and only supports major cryptocurrencies:
- and Ether
PayPal is trying to smooth the transition by providing a great deal of information with the hopes of encouraging existing PayPal users to try investing in crypto. Therefore, it is easy for novices to learn how the crypto market operates.
PayPal is already known for its reliability and security, and its crypto platform is clean and easy to use. Especially for users wanting to quickly convert crypto to fiat. Because it arrives to the cryptocurrency market with a large existing user base, it is one of the most exciting legit Bitcoin investment sites in the U.S. to follow.
Whether or not you currently use PayPal, you might consider investing in Bitcoin through its platform.
Many online retailers already allow Bitcoin transactions through PayPal. As its crypto service expands, it may become a major hub for crypto trading as well as facilitating day-to-day purchases made using cryptocurrency.
Binance is a Hong Kong-based platform that serves clients around the world. It offers enticing rates to many investors but makes it difficult or more expensive to buy crypto using American fiat. Users who have access to funds in Europe, Canada, and elsewhere in the world can take advantage of low service fees, but make sure to check on restrictions in your state and see whether you will incur any penalties if you try to purchase crypto using U.S. fiat or through a wire transfer from an American bank.
If that is not an issue, or if you want to make crypto-to-crypto transfers, Binance-US is a stellar legit Bitcoin investment site. It provides various investment options and excellent security features, though these features do make it difficult to trade anonymously, if that is a concern.
Novice investors can get up to speed by reviewing Binance’s thorough financial information, and people who have already invested in crypto can transfer their money to many other types of coins and tokens.
Binance-US’s Launchpad Feature
This service lets speculators invest in new, up-and-coming coins and tokens. Not all cryptocurrencies succeed, but if you invest early in a winner, you can reap substantial returns. Read up on Binance-US’s crypto information to make smart investment decisions whether you are interested in buying Bitcoins or the next big altcoin.
Kraken is one of the best legit Bitcoin investment sites in the U.S. for people who want to let their Bitcoin investments mature over time.
How Kraken Works?
The U.S.-based crypto platform rewards long-term Bitcoin strategies. For example, users can stake their Bitcoin for a yearly reward of 0.25%.
Kraken is great for promoting slow, long-term growth. The less charming flipside is that it can also be sluggish—when you invest fiat, expect to wait up to five business days for Kraken to confirm your deposit.
If clients need access to funds in a hurry, Kraken also allows experienced investors to perform margin trading, which involves borrowing funds to facilitate a trade and can be a financially lucrative investment strategy.
Like other sites on this list, Kraken offers excellent security, helpful customer support, and a useful mobile app. Users can take advantage of low fees, but they cannot use credit cards for deposits or withdrawals.
Kraken is not the easiest platform to navigate but is still worth a look. You might consider Kraken if you are already invested in crypto and looking to purchase Bitcoin with other types of coins or through a bank transfer.
It may also suit investors who favor a more hands-off crypto strategy but still want to access loans to pursue on-the-spot margin trading.
Gemini shines for its excellent security. The company claims that it is the first cryptocurrency exchange in the world to achieve Service Organization Controls (SOC) Type 1 and Type 2 compliance. It also undergoes regular cybersecurity audits by the state of New York.
The Winklevoss Twins, Cameron and Tyler, launched Gemini in 2014, making it a few years younger than some of its competitors.
Like other legit Bitcoin investment sites in the U.S., it allows trading of major cryptocurrencies but does not offer quite the variety of other platforms. However, it is broadening its reach and has recently expanded into Europe.
Gemini features an intuitive user interface that is welcoming to burgeoning crypto enthusiasts but may be a little jarring for long-term investors accustomed to a more traditional layout. The Gemini mobile app and the platform website are equally elegant.
New Bitcoin traders may appreciate Gemini’s interface and even prefer doing business on a platform that focuses their options a bit.
Those looking for a breadth of opportunities will likely have better luck with a platform that offers a greater variety of exchanges. Both audiences can enjoy Gemini’s multi-level security features.