There are many of platforms to choose from which can be divided into the three main categories:
- Cryptocurrency trading platforms. The platforms allow a purchaser to buy bitcoin using other cryptocurrencies. They offer lower fees than brokers and provide access to a more diverse range of coins. You have to remember that if you want to work with the trading platforms you already need to own another cryptocurrency. So this way of exchanging is for more confident users, not the beginners.
- Bitcoin brokers. Brokers allow a purchaser to pay for the digital coins using the fiat currency (RUB/USD/EUR etc.) Brokers offer the trusted platforms and allow a purchaser to buy BTC using familiar payment methods (for example: a credit card or a bank transfer). The main downside of the bitcoin brokers is that they charge higher fees than other options. For example: ITEZ, CEX.io, YoBit.net
- Peer-to-peer bitcoin exchanges. A seller has the freedom to specify the price he wants and accepted payment methods. This payment method allows a purchaser to trade with increased privacy. If you want to work on with this variant you have to settle for a price higher than the market exchange rate. That’s the only way for the peer-to-peer option.