Hi all,
Ive been investing small amounts in Bitcoin and ethereum for a year or so now but i wanted to ask what is the best or easiest way for a newbie to buy the currency now. I have a coinbase account so im able to purchase quickly if need be but so many buy sites make it very difficult for newbies to make such purchases in quick time. What is there out there thats on board and safe for anyone wanting to join the market quickly and start investing in such currencies?
Kind Regards
Griff
Ive been investing small amounts in Bitcoin and ethereum for a year or so now but i wanted to ask what is the best or easiest way for a newbie to buy the currency now. I have a coinbase account so im able to purchase quickly if need be but so many buy sites make it very difficult for newbies to make such purchases in quick time. What is there out there thats on board and safe for anyone wanting to join the market quickly and start investing in such currencies?
Kind Regards
Griff
responding to you on Dec 9, 2017, the best answer is DONT! Look at how much the price has advanced in so little time. caveat emptor
bu for when things simmer down, and to answer your question in good faith, it depends on where you live. Assuming you live in the States, Coinbase is your best option hands down from a risk standpoint. They are insured, are practically in the bed with banks so account integration is smooth, and they are fast as the average stock trading platform (3-5 business days, and the gold standard of business transactions). Kraken is pretty decent as well, with a lot of the above advantages, but a less user friendly interface. followed by localbitcoins. easy to use, but very easy to get scammed if you dont know what to look for
Basically, look for a major lic. exchange. upon failing that, localbitcoins or bust. everything after that is dodgy.