LocalBitcoins.com is a person-to-person bitcoin trading site. At LocalBitcoins.com, users from different parts of the world can trade their local currency for Bitcoins. The website allows traders to post advertisements where they state exchange rate and payment methods for buying or trading cryptocurrency. You reply to these advertisements and agree to meet the user to buy bitcoins with cash, or transfer money directly into their bank accounts. Bitcoins are placed in LocalBitcoins.com web wallet from where you may transfer it to your private Bitcoin wallet after the transaction is completed.
Changelly is a young and promising project created by MinerGate enthusiasts. This exchange service provides safe and fast transactions without revealing users identities. Changelly offers the best possible rates by comparing a wide range of reliable trading platforms and work in over 50 cryptocurrencies listed. They aspire to establish mutual trust with their clients; thereof they don’t have any hidden or unreasonable fees. They always charge only 0.5% fee and that’s it, full stop.
Coinbase is a secure online web platform for buying, selling, transferring, and storing cryptocurrencies. Their goal is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency. Headquartered in San Francisco, California, Coinbase broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with other cryptocurrencies in around 32 countries, and bitcoin tranding and storage in 190 countries in the world.
Coinmama is a financial service that makes it fast, safe and fun to exchange cryptocurrency worldwide. Their believe is that the future of money is one where the people have control over their own economy without middle-men or hidden fees. Based in Israel, Coinmama accepts both credit card and cash via Western Union or MoneyGram. Coinmama has a very flexible policy with regards to the amount of countries that are accepted. Due to a relatively “offshore” location and cash deposit methods, Coinmama is another excellent site to keep things as private as possible. This goes without saying, the website is nicely designed and works perfectly on a mobile browser as well as desktop.
XCoins are a good option for purchases using Paypal, ACH, or eCheck. The major downside lies in the significantly higher-than-average fees charged. The online platform uses an innovative feature of lending bitcoins on peer to peer basis. At XCoins, lenders compete with each other to offer the lowest interest rates to users. The interest fee for a loan is paid as a one-time payment together with the loan security deposit. The interest payment amount does not depend on the loan term. In addition to the interest fee, the borrower also pays the loan origination and payment processing or bank transfer fees.
Located in Delaware, USA, Paxful is obligatory in any tutorial on how to exchange bitcoin, simply because they offer a really wide range of features. Not only can buy Bitcoin with Paypal on Paxful, but you can also use Amazon gift cards too and Google Wallet is also accepted by vendors here. You will find that it is all about finding a vendor that is ready to trade with you. It is true that other sites offer an easier process, but where else can you exchange virtually anything for the most popular cryptocurrency in existence? Check out Paxful’s instructions and read up the FAQ.