The cheapest way to buy the bitcoin is minimizing the fee that you have to pay…
There are two methods:
- Buy Bitcoin from the cheapest fee taker Bitcoin Exchange.
- Buy and exchange Bitcoin within your friends.
One the best way is buying Bitcoin from Coinbase using a fiat currency.
Coinbase is based in the United States and is available in 32 countries around the world. These include Canada, Australia, Singapore, the United States and a number of European SEPA countries.
Note: SEPA is a single euro payment area. If you live in SEPA, you can send Euros between SEPA countries quickly and easily. However if you live in a SEPA country that does not use the Euro as its fiat currency-like the United Kingdom-then your bank may charge you a currency conversion fee to use SEPA services.
When you purchase Bitcoin with Coinbase, you pay at least 1.49 per cent of your purchase amount as a fee. You’ll pay for this if you deposit your fiat currency into your Coinbase account before you purchase Bitcoin. Coinbase does not charge for deposits of fiat currency made by bank transfer.
Coinbase will charge at least 3.99 percent of your purchase amount if you use a credit or debit card to purchase Bitcoin.
Note: If you use Coinbase in Canada or Australia, you will only be able to purchase Bitcoin with a credit or debit card.
Buying Peer-to-Peer Bitcoins
LocalBitcoins are one of the most popular peer-to-peer exchanges. LocalBitcoins is based in Finland and allows its users to trade bitcoins directly with each other. This means you can use LocalBitcoins to buy bitcoins from people in your local area!
LocalBitcoins has traders willing to sell Bitcoin in more than 15,000 cities in 248 countries. LocalBitcoins traders pay a fee to advertise their bitcoin. Buyers are paying nothing!
There are many different payment methods available for LocalBitcoins. You can pay PayPal traders, bank deposits, bank transfers, credit cards, and even cash!
LocalBitcoins is one of the few exchanges that encourages its users to meet each other in person to buy and sell Bitcoin. It’s a great platform for users who want to be part of the crypto community. LocalBitcoins has a user rating feature for security purposes. It also has a good customer support service. These include conflict resolution and hold-up.