If you are interested in buying Bitcoin, you might be wondering what are the best platforms to do so in 2023. Bitcoin is the most popular and valuable cryptocurrency, with a market capitalization of over $1 trillion as of February 2023. However, not all platforms that offer Bitcoin trading are equally reliable, secure, or user-friendly.
In this article, we will review some of the best “buy bitcoin only” platforms that focus exclusively on Bitcoin and do not support other cryptocurrencies. These platforms are ideal for Bitcoin enthusiasts who want to avoid distractions from other coins and tokens that may have lower quality or higher risk.
We will compare three examples of such platforms based on their features, fees, security, customer service, and reputation.
Table of contents
What is Bitcoin?
Bitcoin is a cryptocurrency that was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. It is a form of digital money that can be used to make payments online without relying on a central authority such as a bank or government. Bitcoin transactions are recorded in a public ledger called a blockchain, which is maintained by a network of computers that use cryptography to verify and secure the data. Bitcoin users can send and receive payments by using software called a wallet, which stores their private keys that allow them to access their bitcoins. Bitcoin has a limited supply of 21 million coins, which are generated through a process called mining. Mining involves solving complex mathematical problems that reward miners with newly created bitcoins and transaction fees. Bitcoin’s value is determined by supply and demand in the market, and it can be highly volatile due to various factors such as regulation, innovation, adoption, and speculation.
Top Bitcoin-only platforms for 2023
Swan is a platform that allows you to buy Bitcoin automatically with recurring purchases from your bank account or debit card. Swan also offers a “Buy Now” feature, which allows users to make one-time purchases of Bitcoin. You can set up a plan that suits your budget and goals, and Swan will execute it for you at regular intervals. Swan charges low fees (0.99% or less) and offers high security with multisig wallets and offline storage. Swan also provides educational resources and community events to help you learn more about Bitcoin.
Bisq is a decentralized peer-to-peer exchange that lets you buy and sell Bitcoin anonymously without intermediaries or KYC verification. You can trade Bitcoin with fiat currencies or other cryptocurrencies using various payment methods such as bank transfers, cash deposits, or gift cards. Bisq has no fees except for network fees and arbitration fees (in case of disputes). Bisq uses a unique trade protocol that enables users to trade with minimal risk of fraud or hacking. Bisq is known for its strong focus on privacy and security, as well as its commitment to maintaining a censorship-resistant exchange that operates independently of government control. Bisq is open-source and relies on a network of users who run the software on their own devices
Bull Bitcoin is a Canadian platform that enables you to buy and sell Bitcoin with Canadian dollars. You can also use Bull Bitcoin to pay your bills online with Bitcoin or convert your loyalty points into Bitcoin. Bull Bitcoin charges tiered fees based on transaction amounts (0.5% to 1.25%) and offers high security with multisig wallets and offline storage. Bull Bitcoin also offers a Bitcoin payment processing solution for merchants and a Bitcoin-based payroll service for employers. The platform is known for its commitment to Bitcoin’s principles of privacy, decentralization, and censorship resistance, and for its efforts to promote Bitcoin adoption and education in Canada and beyond.
These Bitcoin-only platforms offer a range of services and features that make it easy for users to invest in Bitcoin. When choosing a platform, it’s important to consider factors such as security, fees, and ease of use. By doing your research and choosing a reputable platform, you can make the most of your Bitcoin investment in 2023.
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