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How to Choose the Best Bitcoin Exchange on Bitcoin. Knowing how to buy bitcoin is an essential first step in getting started with the digital currency. However, knowing which bitcoin exchange to choose can be one of the most important first steps. Powered by Slider Revolution 5. What is a Bitcoin Mining Pool?
How is the Bitcoin Blockchain Different from Banking Ledgers? Bitcoin Cloud Mining, Is It Worth It and Is It Safe? Can I Shop, Travel, or Gamble with Bitcoin? What is Bitcoin Double Spending? Since you will be investing your funds into bitcoin and the exchange from where you buy them, making sure you are choosing the right one becomes critical. In this guide we will take you through the top items in our checklist we recommend reviewing before making the decision to select a Bitcoin exchange.
Remember, these are just suggestions to help you make the right decision. In the end, things can always change based on the exchange and the market. But doing your homework first is highly encouraged. What country is the exchange located in? Knowing your country and where the exchange is based out of is important, as laws and regulations can vary country to country. Buying bitcoin in your home country is typically recommended. Despite the exchange being based in your home country or not, the exchange may accept multiple currencies.
How can bitcoins be purchased? Use what works best for you at your convenience. Please make sure to consider your privacy levels, for example credit cards may be the least private way versus a cash transaction. You will want to make sure that the exchange fees are within reason and aren’t exorbitant compared to the rest of the market.