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Cheapest way to buy Bitcoin (BTC) in Sep 2022.
Bitcoin is a peer-to-peer technology that is not governed by any central authority or banks. It is electronic money that can be sent from one person to another without going through any financial institution.
The bitcoin network runs on its own blockchain technology, which records all transactions in a distributed ledger called the ‘Blockchain.’ The purpose of this blockchain is to make sure every transaction and balance associated with each bitcoin account can be verified and secured by everyone using the same protocol.
It is presently the dominant crypto currency in the world. It is open source and designed for the public, so nobody owns control of Bitcoin. In fact, there are only 25 million Bitcoins issued. Currently, Bitcoin has a crypto market cap of $12 billion.
Here are the cheapest way to Buy Bitcoin.
Costs Involved in Buying Bitcoin.
There are four primary costs linked to buying Bitcoin on an exchange platform:
Trading fees Payment method fees Spreads Fees for instant purchase.
Trading fees and spreads are charged by most exchanges, and it is very difficult to get away from them. Although, you can opt to use a payment method that does not incur additional funding fees, such as a bank transfer in place of using a credit card. You should also resist your temptation to buy bitcoin instantly as they incur additional fees.
Why is Bitcoin Cheaper on Some Platforms?
Bitcoin is a decentralized cryptocurrency, which means it does not depend on any central authority for its value. The price of Bitcoin or some other cryptocurrencies is a result of the market’s demand and supply ratio.
This ratio is also not calculated equally across the world. Instead, it is calculated on every crypto trading exchange. Moreover, it also includes the owner’s cost to cover its overheads, which can include security, functionality, and profit.
Therefore, it is possible to find new cryptocurrency exchanges offering Bitcoin at a significantly lower price than established platforms. However, this does not mean that newer cryptocurrency exchanges provide the cheapest way to buy Bitcoin.
In this Bitcoin tutorial, you will learn:
Some Cheapest Crypto Currency Exchanges to buy Bitcoin.
Name Currencies Trade Fee Deposit Method Security Link Coinbase USD, EUR, AUD, GBP, HKD, INR, etc. Maker and taker fees up to 0.50% each Direct Bank transfer (ACH), Credit or Debit card, Bank transfer, and Wire transfer. Two-factor authentication Learn More Binance USD, EUR, AUD, GBP, NZD + 40 others 0.02% maker fee and 0.04% taker fees. Bank transfer (ACH),
1) Coinbase.
Coinbase is an online crypto exchange platform that can be utilized for purchasing, selling, transferring, and storing cryptocurrencies. This crypto trading platform supports more than 100 countries.
Pros:
More than 68 million verified users It allows you to schedule your currency trading on a daily, weekly, or monthly basis. You can easily store a wide range of crypto assets in offline storage Coinbase stores your funds in a vault for safety purposes. Support for a large number of crypto currencies Supported platforms: Web, iOS, and Android.
Cons:
Spread pricing opens the possibility for high cryptocurrency investing fees High fees for debit card transactions.
Key statistics:
Deposit Method: Bank transfer (ACH), Credit card, Debit card, ACH transfer, and Wire transfer.
Supported Fiat Currencies: USD, bitcoin EUR, AUD, GBP, HKD, INR, etc.
Fees and Limits: Instant Card Withdrawal fee: Up to 1.5% of the transaction plus a minimum of $0.55.
Account Minimum: $2.
2) Binance.
Binance is one of the best crypto exchange platforms. It offers trading for more than 150 cryptocurrencies. It also provides an API that allows you to integrate your current trading web or mobile app.
Pros:
Binance crypto exchange offers a wide range of tools for trading bitcoin online. It is one of the cheapest ways to buy bitcoin. It provides basic and advanced exchange interfaces for trading. Does not require any KYC for daily withdrawal of up to 2 BTC. Supported platforms: Web, iOS, Android, and PC clients.
Cons:
Fiat currency withdrawals take 1-5 business days.
Key statistics:
Deposit Method: Bank transfer (ACH), Credit card, Debit card, PayID, Cryptocurrencies.
Supported Fiat Currencies: USD, EUR, AUD, GBP, NZD + 40 others.
Fees and Limits: 0.02% maker fee and 0.04% taker fees. Your limits will vary depending on your bitcoin purchases method.
Account Minimum: $100.
3) CoinSmart.
CoinSmart is a cryptocurrency exchange that provides a secure and intuitive platform for digital trading assets. Enables you to place customized orders seamlessly.
Pros:
Provide smart security with over 95% of coins in cold storage and 2 Factor Authentication Deposits credited on the same day it is received Provide access to fifteen coins, including Bitcoin, Ethereum, Litecoin, Polkadot, Shiba Inu, and crypto Ripple. Provide instant verification for new clients You will get a deposit on the same day it is received.
Cons:
Fiat withdrawal process takes 1-5 business days.
Key statistics:
Deposit Method: BNB e-Transfer, bank wire, bank draft, credit/debit card.
Supported Fiat Currencies: USD, EUR, AUD, CAD, GBP, JPY.
Fees and Limits: 0.0005 BTC.
Account Minimum: $0.
4) Coinmama.
Coinmama is one of the best cryptocurrency platforms that allows you to buy cryptocurrencies with your credit card or debit card. This bitcoin exchange provides instant delivery of your coins.
Pros:
Instant order delivery Transfer to any crypto wallet Numerous funding options It is one of the best crypto platforms which provides fast verification process of your account. Coinmama is one of the best cryptocurrency exchanges that offer 24/7-hour support. Provide fast account setup and verification.
Cons:
Complex fee structure Higher fees may apply to instant delivery.
Key statistics:
Deposit Method: Fedwire, SWIFT.
Fees and BNB Limits: Maker 2.86% – and 3.81% taker fee.
Account Minimum: $0.
5) Gemini.
Gemini is a fully regulated cryptocurrency exchange. It is a simple, buy bitcoin elegant, and secure and easiest way to invest in a bitcoin and crypto portfolio.
Pros:
Discounts up to 0% for volume traders Offer good security measures Regulation equates to trust for many investors.
Cons:
You need to provide lots of personal information. Comparatively higher fees than some other crypto exchanges.
Key statistics:
Deposit Method: ACH transfer, Wire transfer, and Debit card.
Fees and Limits: $0.99-$2.99 for orders under $200, 1.49% for orders greater than $200.
Account Minimum: $0.
6) Cex.io.
Cex.io is a crypto trading exchange that allows you to buy and sell Bitcoins. It helps you to deposit funds using Master, Visa card, or PayPal Debit MasterCard. It offers protection against DDOS (Distributed Denial-of-Service) attacks by giving full data encryption.
Pros:
It allows you to trade bitcoin more than 10x leverage without creating a new account. It allows you to buy bitcoin with a debit card without any id verification process. Supported platforms: Mobile and web.
Cons:
It can takes a long time before you get your account verified. Sometimes the withdrawals do not work instantly. No MetaTrader platforms.
Key statistics:
Deposit Method: Credit and Debit cards, ACH, Faster Payments, Skrill, Qiwi.
Fees and Limits: 0-0.16% Maker fees and 0.10-0.25% Taker fees.
Verification: It allows you to buy bitcoin with a debit card without any id verification process.
Account Minimum: $0.
A brief overview of Bitcoin.
Created in 2009 by an individual or a group known as Satoshi Nakamoto, Bitcoin (BTC for short) is a decentralized digital currency that runs on a global peer-to-peer network called the Blockchain.image

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