1) Coinbase:
- Great site, user friendly
- Users are able to purchase, and sell products and services using bitcoin
- Patrons can buy and sell bitcoin as well
- Site is secure and well received,
- Every aspect of all and any transaction is monitored and safe guarded to protect the user
2) Bitstamp:
- A pioneer in the buying and selling of bitcoin
- Been around since bitcoin was introduced
- Allows users to conduct transactions using debit and credit cards
- Stands out as a leader in special features involving bitcoin
- Bitcoin users are allowed to exchange their bitcoin for gold
- Trustworthy and secure
3) Binance:
- Has become more recognized by users over the last few years
- You have the option to utilize multiple forms of cryptocurrencies, not just bitcoin
- Excellent site for beginners, those new to the whole cryptocurrency field
- One of the most reasonably inexpensive site in terms of fees and cost
4) Kraken:
- Popular choice among individual proprietors and businesses
- User friendly site, easy to sign up and get started
- Quickly expedites transactions both large and small
5) LocalBitcoins:
- The only site that organizes conferences of users and allow them to obtain and disperse of their bitcoins
- Modern and successful anti-fraud system in place to discourage hackers and scammers
- Highly secure escrow system included in the main system frame
- One of the best at peer to peer purchases and sale of bitcoin
Refresher and Intro to Bitcoin and Investing
What is Bitcoin?
Bitcoin is a type of digital currency/ online currency that can be used to purchase and sell goods, products and services online. There is no head, central or middleman to regulate or oversee the use of bitcoin. Therefore it is up to the users to regulate themselves.
Who Can Use Bitcoin?
Individuals and businesses alike can use, buy and sell bitcoins
How to Start Investing in Bitcoin?
Step 1 Locate a reputable site or exchange where you can buy bitcoins
Step 2 You need to obtain and secure a Wallet, where you can house your bitcoin. A wallet can be mobile(app), desktop software, website, hardware or paper. One of the most secure types of wallet is the hardware wallet.
Step 3 Once you have chosen a site to use, and obtained a secure wallet you can purchase your bitcoin. Many sites allow the payment to be made through Paypal, credit or debit cards, Payoneer, and Payza.
Step 4 Research and learn about all types of cryptocurrencies, their benefits and shortcomings in order to make smart investment choices.