Want to Buy Bitcoin? 🤑
The Top 3 Exchanges To Buy Bitcoin From
Bitcoiners (& Pre-Bitcoiners),
Want to buy Bitcoin for the first time?
Here are the 3 best exchanges you can buy Bitcoin from that are user friendly, charge the lowest fees, and have the best customer support so you can smoothly buy your first fraction of a bitcoin in no time:
Quick Message
Before we get started, you should know ONE thing - the difference between KYC and Non-KYC exchanges.
KYC (Know Your Customer) - identifying and verifying the identity of the customer through independent and reliance source of documents, data or information.
Using a KYC Bitcoin exchange is the best way to legally buy bitcoin in the United States as it adheres to Anti-Money Laundering laws like a traditional bank.
Non-KYC essentially means the opposite of KYC. Using a Non-KYC Bitcoin exchange allows you to buy bitcoin that is not tied to your identity which is useful for privacy reasons.
Now that we got that out of the way, let's dive in to the top 3 KYC Bitcoin-only exchanges for US citizens:
(Each exchange is linked at the bottom)
Exchange #1: Swan Bitcoin
Swan Bitcoin is tailored for beginners to buy their first bitcoin and emphasizes education.
Swan Bitcoin gives you the ability to set up daily, weekly, or monthly savings options to convert your dollars to Bitcoin savings automatically with direct deposit from your paycheck. Swan offers great customer service, especially for Swan Private clients which is a service for high net worth individuals seeking to invest in Bitcoin.
The downsides to Swan Bitcoin include:
Higher fees
Inability to sell bitcoin
Desktop only (mobile app coming soon)
Sign up for an account and buy your first bitcoin today (you get $5-$10 for using the link): Swan Bitcoin
Exchange #2: Strike
Strike is one of the most user friendly ways to buy bitcoin with zero fees on your phone.
Like Swan, you can set up automatic direct deposits on Strike to slowly invest in bitcoin. Strike integrates the Lightning Network for instant bitcoin payments and withdrawals to your personal bitcoin wallet. Purchasing bitcoin with zero fees on Strike ultimately puts more bitcoin in your pocket.
The downsides to Strike include:
Low buying limits ($1,000 max purchase)
Low withdrawal limits ($3,000 max per single withdraw)
Mobile app only (iOS & Android)
Sign up for an account and buy your first bitcoin today (you get $5-$10 for using the link): Strike
Exchange #3: Cash App
Cash App is one of the most recognizable exchanges to buy bitcoin from with a user friendly app.
Since Cash App started back in 2013 as an easy way to send money to and from peers like Venmo, most people recognize and trust the brand. Like Strike, Cash App utilizes the Lightning Network for instant payments and withdrawals. You can also set up Auto Invest to buy a fixed amount of bitcoin on a reoccurring basis.
The downsides to Cash App include:
Higher fees
Not many educational resources
Minimum withdrawal limit (0.001 bitcoin)
Sign up for an account and buy your first bitcoin today (you get $5-$10 for using the link): Cash App
Hopefully, this list can help you make a quick decision on the exchange that is best suited for you.
Here are all (3) links again to wrap things up:
Disclaimer: I receive a very small commission ($5-$10 per signup) through each affiliate link. The affiliate programs did not persuade me to recommend these exchanges over others. I truly believe these are the best platforms to buy your first bitcoin.
Happy Wednesday,
-Pod
BUY BITCOIN RIGHT NOW
I personally use Swan Bitcoin to purchase Bitcoin! Use the link below to get $10 free dollars worth of Bitcoin. Takes less than 5 minutes to sign up.
If you find any value in The Bitcoin Letter, please subscribe and tell a friend. By subscribing, you will be sent easy to understand information about Bitcoin along with any relevant news daily. That’s it. IT IS FREE AND I WILL NOT SPAM YOU!
Eric Podwojski
Founder, Bitcoin EDU
Twitter:Â @epodrulz
