Where and How to Buy Bitcoin?

Choosing the best bitcoin exchange site is not an easy task. Each exchange has its own rules, payment methods and fees, as well as other factors to consider. Initially, bitcoin was invented decentralized, so that there was no single governing body. There are still exchanges that allow you to trade any coin anonymously and remain anonymous without requiring KYC verification. Here is what you should pay attention to first of all when choosing an exchange to buy bitcoin:

Supported countries - not all exchanges accept clients from all over the world.

Available payment methods – Some exchanges accept a wide variety of payment methods, while others only accept bank transfers, for example.

Fees – There are 4 types of fees: deposit fees, transaction fees, withdrawal fees, and bitcoin network fees. Each type can affect the total amount of money you receive in the end.

Exchange Rate - Exchange rates vary from exchange to exchange. Ultimately, the price you pay is determined by the combination of the exchange rate and commission. For example, some exchanges have low fees but very high exchange rates, making them unattractive to trade.

Purchase Limits - Your purchase limit depends on your payment method and identity verification process. If you want to buy a large number of bitcoins, some exchanges will not allow such a transaction due to purchase restrictions.

The reputation of the exchange - before you deposit money on the exchange, you should ask yourself a few questions:

• How reputable is this exchange?
• How good is the exchange's customer support in case you need help?
• Are there many complaints about the work of the exchange?

Remember that there are negative reviews for every exchange, and it is important to consider the content of such reviews. It is worth noting that some exchanges only allow you to buy cryptocurrency using another cryptocurrency. This means that you will need to find another exchange to buy the desired coins (usually usdt, btc and eth) that your chosen exchange accepts before you can start trading cryptocurrency on this platform.