The Best Crypto Money exchange platforms in 2020
Are you frighten by the process of buying bitcoin on the cryptocurrency exchange? Don’t you want to bother with the order book, complicated orders, and price fluctuations? Don’t you want to waste your time wading through the thicket of cryptocurrencies and hundreds of related pairs with not always unambiguous abbreviations? There is a solution for this, and there are platforms where you can buy bitcoin (and other cryptocurrencies) at a fixed price, quickly and safely. Try crypto-money exchange platforms with the “instant buy” feature.
Crypto Money exchanges with Instant Buy option
“Instant Buy” is the fastest way and place for the purchase of cryptocurrencies. In most cases, you do not have to go through the tedious method of preparing documents, scanning, sending, waiting for a response or their verification, as is the case of cryptocurrency exchanges. If you want to remain anonymous, the “Instant Buy” option will be an ideal place to buy – registration to a certain level is not required. It will be slightly more expensive, but we will protect your privacy.
Where to find “Instant Buy”? There are crypto-to-money exchanges on the market that provide this service, and there are also aggregators that search through dozens of exchanges to find the best price offer for you. With “Instant Buy” option, we can buy bitcoin, ethereum, litecoin, and many other popular cryptocurrencies.
Differences between crypto-to-money platform (with “instant buy” feature) and cryptocurrency exchange
Simplicity is the most significant advantage of the platforms with “Instant Buy” option. You don’t need to know and understand all the magic associated with the order book, types of orders, charts. You determine what amount of currency you want to buy or sell, and that’s it. You check what the minimum value of the transaction is and what is the maximum, to which you adjust the form of the money transfer and its value. For beginners, this is a huge advantage, platforms with “Instant Buy” feature have a simple, obvious interface and intuitive solutions.
Price is the greatest disadvantage of “Instant Buy” platforms. You will pay about 2% more than if you decided to buy on the cryptocurrency exchange. This is mainly since the platform owner sets the cryptocurrency rates and earns the difference between the purchase price and the selling price. This difference, i.e., spread, is the primary income of the platform operator, but not the only. It should be remembered that besides, deposits and withdrawals of funds are usually covered by a small commission. Prices change dynamically – update takes place every few seconds.
Best Crypto-to-Money trading platforms
There is a lot to choose from. It would seem that cryptocurrency exchanges dominate the market, but after small research, we will find many interesting websites involved in the exchange of cryptocurrencies in the form of “instant buy.”
Coinbase is the perfect place to buy bitcoin for the first time. With investors such as the New York Stock Exchange (NYSE) and the Spanish bank, BBVA enjoys the great trust of users around the world, breaking new records in the number of registered users. A global leader based in San Francisco, California offers customers a clean interface, friendly purchase and sale conditions, a proven and secure wallet for storing digital currencies. Interestingly, it was the “instant buy” option that contributed to the company’s success – beginner traders loved Coinbase for this simplicity. The reference program is also significant – the referring person and the person who joins the Coinbase program receive 8 euros each (condition: the new user must make a minimum transaction of 89 EUR).
Bitpanda is the leading trading platform in Europe for bitcoin, gold, silver, and many other digital assets. The Fintech company is located in Vienna, Austria and since 2014 has already served almost 1 million customers. Users value it for many useful functions, it is worth paying attention to the Bitpanda Savings option which, it allows you to buy cryptocurrencies regularly and automatically (daily, weekly, bi-weekly or monthly). On the other hand, Bitpanda Swap provides for the immediate exchange of one cryptocurrency into another and also based on previously shared products.
Bitpanda perfectly understands the changes taking place on the market. They recently released its Android application that provides an intuitive business interface on mobile devices. Users can now buy, sell, and trade digital assets on the go, using the same high-quality service.
CoinSwitch is a cryptocurrency exchange aggregator platform that allows users to trade cryptocurrencies on a selected platform without creating an account. How is this possible? CoinSwitch compares cryptocurrency prices in real time on over a dozen exchanges and then calculates the rate, and allows the user to decide which platform to choose for the transaction. The offer is impressive: over 400 cryptocurrencies and 45 000 pairs! Unlike other platforms, there is no fixed commission, CoinSwitch charges a fee of 0% to 0.49% depending on the platform that the trader chooses for the transaction.
If the price is a priority, you should pay attention to changelly.com website. Algorithms created by Changelly are interwoven with the largest cryptocurrency exchanges, including Binance, Poloniex, Bittrex, etc. Changelly takes into account both asks and bids offers and estimates the best possible price for you at a given moment by charging a reasonable fee of 0,5% for the transaction. Most importantly, cryptocurrencies can be purchased using a bank card for euros, pounds, or dollars. More than 2 million users have trusted the Changelly platform.
Godex is unique since inspired by the original idea of cryptocurrency as one of the few platforms, it regularly allows to exchange cryptocurrency completely anonymously. There is no need to register, create accounts or provide personal data (the system will ask for an e-mail address, but even this is not mandatory, and only serves to secure in the event of potential problems). The whole procedure consists in making a deposit and selecting the cryptocurrency you want to purchase, and the system automatically exchanges and returns funds to the wallet indicated by you (of course, by charging the appropriate commission from the transaction). The disadvantage is that the offer includes only cryptocurrencies (it is not possible to deposit euros or another fiat currency). The significant advantage and the fantastic option on the market are that there are no upper transaction limits.