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Top 6 Cryptocurrency Websites To Buy and Sell Bitcoin And Major Altcoins

Bitcoin is a digital currency which was launched in 2009 which is a peer to peer means of transaction which is decentralized thereby leaving out third parties majorly central authorities like banks
Adeoti Oluwafunbi

Top 6 Cryptocurrency Websites To Buy and Sell Bitcoin And Major Altcoins

Today, we will be looking at the top 6 cryptocurrency websites where you can buy and sell bitcoin and major altcoins like ethereum, bitcoin cash, ripple litecoin,  bitcoin SV, monero, dash, stellar and lots more. 


What is Bitcoin?



Bitcoin is a digital currency which was launched in 2009 which is a peer to peer means of transaction which is decentralized thereby leaving out third parties majorly central authorities like banks. Since the inception of bitcoin, it has received a wide acceptance from the people despite all critics by governments and regulatory bodies. I strongly recommend you watch this video to get full details about bitcoin.

According to history, it was said that 10,000 worth of bitcoin was used to purchase two pizzas in 2009 for $2. Now, 1bitcoin is over $4000 as at this time I’m writing this article. One of the major websites that contributed so much to the awareness of bitcoin is blockchain.com. Bitcoin was developed based on cryptography whereby transactions remain anonymous with a public ledger which all verified transactions are made available on the internet. This is possible with the help of miners that join the pool to mine bitcoin and giving access to transactions. The only constraints is that once transaction is done, it is irreversible. This is why you have to crosscheck your wallet address before sending bitcoin to your recipient. 

In 2017, bitcoin experience a serious bull run. I could recollect as at January, 2017, bitcoin was around $700 but in first week of December, 2017 it has risen to $19,800 but experiencing a serious downfall within 2hour. I guess that should be in December 16, 2017. If you’re new into bitcoin or let me say cryptocurrency, it’s never too late to be a crypto expert as well. All you need is to know some beginners guide into successful cryptocurrency business. Bitcoin has the highest number of trade volume on the coinmarketcap. Coinmarketcap is the major website to know the price of bitcoin in real time everyday along with other altcoins. We have over 1000 cryptocurrency on coin market cap with bitcoin taking the first position, ethereum taking the second, ripple taking the third, litecoin taking the fourth and EOS taking the fifth position. 


What are Altcoins?





Altcoins are also known as alternative to bitcoins. They are cryptocurrency that came into existence after bitcoin. We have over 1000 altcoins with them claiming to be better than bitcoin but bitcoin still takes the lead. 

The above video talks about altcoins and ICOs in details. This will further broaden your knowledge about alternative coins known as altcoins. The meaning of ICO is Initial Coin Offer.
The good thing about altcoins is that professional crypto traders use bitcoin to trade on all those alternative to bitcoin known as altcoins. Most altcoins have come and gone while some are waxing stronger. A good example is ethereum. Up till now, ethereum remains the second most traded altcoin asides from bitcoin. Bitcoin serves as an eye opener to blockchain technology serving as pioneer and way paver to all other altcoin founders. The good thing is that, with the advent of altcoins, the cryptocurrency market become vast, notable and competitive as each crypto company keep improving on their technology. This has also helped bitcoin to be on their toes so as to be in the forefront of the game. 

To buy and sell bitcoin and altcoins, you need reputable websites or let me say cryptocurrency exchange sites to do so. I will be sharing with you the names of some sites which you can easily but and sell bitcoin with ease. All you need is to follow the procedures and you are done. 


Top 6 Cryptocurrency Websites To Buy And Sell Bitcoins And Altcoins



Local Bitcoins


Local bitcoins is one of the most famous peer-to-peer online sites where you can buy and sell your bitcoins locally irrespective of the country or cities you are. On local bitcoins, you trade bitcoin across 16639 cities and 248 countries. All you need to do is to sign up, update your profile and very your identity with any government approved means of verification in your country to avoid identity theft.
Here, the only cryptocurrency that is majorly trade is bitcoin. All you need to do as a buyer is to login and look at the available bitcoins for sale and go for the pne that suite you. Here, we have buyers and sellers which you can decide who to buy or sell to. Before you buy from anyone, you need to check the profile and some other details to see if the person is a frequent buyer and seller on the platform.
Once you register, an activation link is sent to your email which you will click to activate your account. Once your account is activated, you are required to update your profile by providing your full names, phone number, country. Your phone number would be verified by sending a verification code to the number you provided. Once it is verified, you have passed a stage of verification. As at this moment, you will see your trade limit. If you further with identity verification, your trade limit is going to be increased. 


Remitano




Just like local bitcoin but it's just than you can buy and sell bitcoin and some other altcoins like ethereum, bitcoin cash, bitcoin, ripple and lots more. You also need to verify your identity to prevent theft and secure your account. You get 0.02btc for every referral you refer and make a purchase or sell bitcoin of over 2btc. Remitano is also a big community of buyers and sellers across different cities and countries. Depending on your country, city and location, a buyer or seller is very close to you. So, you can get started with remitano right away. You get updates on the price of bitcoin and altcoins remitano support every day. Once you sign up, your are required to also enter your details and verify your number. Once you’re done, you've passed the first stage of verification. You can now proceed to verify your identity. Identity verification is a regulation which all cryptocurrency exchanges and websites require all their users to do if they want to enjoy unlimited benefits on their platform and prevent them from using some of their services on the site. 


Coinbase

                       

 Coinbase is another renown websites across the world when it comes to bitcoin and other altcoins. Initially, coinbase only support bitcoin and ethereum. But as time goes on, they supported the buying and selling of other altcoins like bitcoin cash, litecoin, ethereum classic, zrx and now stellar coin. 

Signing up is free on coinbase. But there is restrictions to some countries where people in those countries can not buy or sell their bitcoins or the altcoins the site support. So, you might need to find out if coinbase support your country when it comes to buying and selling of bitcoins on their website. I know for United State, coinbase support residence who want to buy and sell. All you need to do is verify your identity, and other procedures. After that, you can check the limit of your account. That is, the amount you can buy and sell. To secure your account, it is advisable to enable 2 factor authentication on your account. This will also increase the level of security of your account. You don’t want to wake up one morning and see your account has been hacked. You get $10 for every referral when they make over $100 worth of bitcoin. This means that, coinbase helps you to make money when you refer your friends and family to buy and sell using them.


Bit2Me


Bit2Me is another secure website to buy bitcoin, ethereum, bitcoin cash and dash. One unique thing about the site is that before you can start to buy and sell, you need to complete all your registration and verification at once. Which means, if you want to use Bit2Me, it is recommended you have all the necessary documents with you. Below is how you must position yourself while doing the identity verification.

The two images above show how you must position yourself when taking pictures of you holding your ID. Visit bit2me to know more about this process.

There are many other cryptocurrency sites where you can also buy and sell bitcoin and altcoins. This article doesn't guarantee that all the sites mentioned above are the only reliable sites but these sites have built a reputation online and they are constantly upgrading their system to beef up their security.


LUNO



Luno is another website you can buy and sell cryptocurrency. This site deals mainly with bitcoin and ethereum. You can buy bitcoin with your credit or debit card depending on your country and city you're buying or you want to sell. When sending bitcoin into your luno wallet, you're charged 0.0002btc. But if you're sending ethereum into your luno wallet, there is no charges. Don't forget, you need to verify your identity to increase your trade limit on the site as well.

Paxful


Paxful is another peeer-2-peer trading platform where you can buy and sell bitcoin. On this site, you have various method to pay for biycoins. You can use your bitcoin to buy giftcards like amazon giftcard, iTunes card and many more. A lot of protraders use paxful. The good thing is we have many buyers and sellers on paxful but you need to trade with caution when you want to buy or sell here. The reason is because the site might look complex if you're a beginner in cryptocurrency.


However, if you are using other sites as well and you would like to share with us, you can do that in the comment section.


Thanks for reading: Top 6 Cryptocurrency Websites To Buy and Sell Bitcoin And Major Altcoins, Sorry, my English is bad:)

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