Where Can I Buy Bitcoin?

A common question we get from friends – What is the best crypto exchange? We use 3 different exchanges and each has its own advantages. There isn’t really a “best” cryptocurrency exchange – the secret is to find the right one for you based on your goals and specific situation. Here’s our cryptocurrency exchanges guide to help you the best one(s) for you!

White Paper Pagoda’s Crypto Exchanges Guide


Coinbase Crypto Exchange Guide

Coinbase

Headquarters: USA

Founded: 2011

Coinbase is a juggernaut. It made over a billion dollars last year and serves over 13 million users.  It’s also often the first exchange that first time crypto investors choose. It’s simple to use, has a great reputation for security, and most importantly, allows you to directly convert your fiat into crypto. One key limitation though is the number of cryptos you can purchase there – at present only Bitcoin, Bitcoin Cash, Ethereum, and Litecoin are available. But if you are new to crypto and want to get started, this is probably the perfect place to begin (it’s where our crypto journey began).


Binance Crypto Exchange Guide

Binance

Headquarters: China

Founded: 2017

Binance is a relatively new exchange, but it has become extremely popular. Unlike Coinbase, it has no mechanism for buying cryptos with fiat. However, its key advantage is the number of projects listed. It has 125+ coins available and continues to add more frequently. People generally buy Bitcoin from a site like Coinbase and then send their Bitcoin to Binance where they can then trade Bitcoin for these other cryptos. If you want to move beyond just holding the basics like Bitcoin, Ethereum, and Litecoin, then Binance is a great exchange to try.

Another cool feature that Binance has is its own native token, BNB. Trading fees on the site are reduced by 50% when you use this token for trades. It’s been very popular and has launched BNB into the top 25 coins in crypto.

Another cool feature of the exchange is the ability to take dust (little leftover amounts of various cryptos you may have after completed trades) and converting them into BNB. If you start to trade cryptos a lot, you’ll accumulate dust over time. It’s great to see Binance has a way of returning that value back to you.

Our favorite coins to buy on Binance: AION, ICX, WAN


KuCoin Crypto Exchange Guide

KuCoin

Headquarters: Singapore

Founded: 2017

KuCoin is another crypto exchange that launched in 2017 and has quickly gained popularity. Much like Binance, it does not allow direct purchases from fiat and requires you to send over Bitcoin that you purchased elsewhere such as at Coinbase. Also, KuCoin has its own token KCS that reduces trading fees on the site when you use it. However, KCS has another cool feature. When you hold KCS on the exchange, you receive dividends that are payed out in the form of small amounts of coins from each of the many cryptos listed on the exchange. We love this concept because those tiny payouts of various cryptos may become much more valuable down the road when some of those projects blossom.

Our favorite coin to buy on KuCoin: DRGN


Return to List of Crypto Info Sheets and White Papers

Please follow and like us:
error

7 thoughts on “Where Can I Buy Bitcoin?

  1. Just found you… enjoyed.
    Question:. Can one leave Fiat, like US$s in Coinbase and not have to convert, right a way, into Bitcoin to trade?

    1. Hi Garret,

      Yes, with a few limitations.

      They currently only support 3 local currencies – US dollars, British pounds, and Euros.

      Also, you have to be living in an approved jurisdiction, as some parts of US and some parts of Europe don’t permit it yet. And, you have to upload a state/province or national ID card to be able to do so.

      This link walks you through the rules. If you fit the criteria then yes you can.
      https://support.coinbase.com/customer/en/portal/articles/1780543-how-do-i-use-my-local-currency-wallet-usd-eur-gbp-#states%20and%20countries

Share your thoughts!

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: