Bitcoin is the new gold of the 21st century. Ever since its launch in 2009, Bitcoin has remained as one of the most popular cryptocurrencies worldwide. Bitcoin's features and its kudos have set it apart from all other cryptocurrencies, and moved it into people's life now more than ever before. However, investing or trading in Bitcoin can be intimidating at first, but remember, it is a volatile field and involves some risk factors. We often come across many scams and frauds on the cryptocurrency market. Henceforth, before planning to invest in Bitcoin, the first thing users should do is to find a perfect and safe place. Meanwhile, as a beginner, we also have many questions on bitcoin investment like how does a beginner try his/her hand in bitcoin, do we need to already have bitcoin to invest it somewhere, do we have to transfer money from a bank account to somewhere and then convert it to bitcoin, etc. To address your concerns and show you the right platform to trade, Analytics Insight has listed the top 10 places for Bitcoin investment in 2021.
Coinbase is the easiest place to buy and sell cryptocurrency, especially, Bitcoin. As one of the leading mainstream cryptocurrency exchanges in the United States, the platform has become a standard on-ramp for new crypto investors over the past few years. Coinbase offers a wide variety of products including cryptocurrency investing, an advanced trading platform, custodial accounts for institutions, a wallet for retail investors, and its own US dollar stable-coin. Founded in 2012, the platform is a secure place that makes it easy to buy and sell cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Recently, COinbase was valued at US$85 billion, spurring bitcoin and ether to all-time highs.
Hodlnaut is a cryptocurrency lending platform, enabling investors to earn interest from their cryptocurrency holdings. Hodlnaut offers competitive interest rates to interest account holders by lending their cryptocurrency to rigorously vetted institutional borrowers in the form of crypto loans. Founded in 2019 in Singapore, the platform is quickly rising to become one of the most promising crypto lending places in Asia. Juntao Zhu and Simon Lee, two Bitcoin maximalists started Hodlnaut to get the most out of their cryptocurrencies. Users can deposit their Bitcoin or alternative coin, earn compound interest on their assets, and receive payouts and withdraw funds from the platform.
Cash App is a peer-to-peer payment service owned by Square Inc, a leader in the fintech industry. Users can create a free account that will then let them instantly send or receive money from other users within the same country. They can also add funds to their Cash App account using a debit card linked to an existing bank account and can carry out the transfer from the Cash App account to the bank account instantly. Fortunately, the platform has expanded its service beyond Peer-to-peer payment service. The app users can also receive direct deposit payments and ACH payments, as well as purchase Bitcoin through Cash App. The platform started Bitcoin service in 2017 and is now allowing users to buy and sell them.
Binance is an exchange where users can trade Cryptocurrencies. Founded in 2018 to enable peer-to-peer Bitcoin exchange transactions using local currencies, the company is now offering trading in more than 45 virtual coins including Ethereum, Litecoin, and Binance Coin using 55 local currencies via 150+ payment channels around the world. In 2020, Binance P2P processed US$7 billion worth of transactions made through 3.8 million orders, with daily volumes reaching as high as US$54 million. Among the many P2P solutions offered across the crypto market, the Binance P2P Bitcoin exchange offers several competitive features like zero fees, multiple payment methods, Escrow service, high liquidity, etc.
eToro is the world's leading social trading network with millions of registered users and an array of innovative trading and investment tools. Founded in 2007 by three entrepreneurs, the platform aims to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. After pioneering Bitcoin trading in 2013 via CFDs, eToro expanded its cryptocurrency offering, enabling clients to trade and invest in Ethereum, XRP, Litecoin, and other popular Cryptocurrencies. Users can also facilitate eToro's Crypto Wallet to purchase Bitcoin assets and store them in blockchain wallet.
Bisq is a decentralized Bitcoin exchange that allows anyone to buy and sell Bitcoin in replacement for national currencies and other cryptocurrencies. It is a trading protocol that enables individuals to exchange directly with one another over the internet, eliminating the need for trusted third-party exchange services. The platform envisions providing a secure, private, and censorship-resistant way of exchanging bitcoin. Bisq is also unique among decentralized Bitcoin exchanges in the way it coordinates out-of-band fiat payments.
Bitpanda is a fintech that believes in the innovative power of cryptocurrencies, digitized assets, and blockchain technology. Founded in 2014, the platform has more the 1 million users and 120 team members today. Bitpanda's user-friendly, trade-everything platform empowers users to invest in the stocks, cryptocurrencies, and metals they want with any amount of money. Besides, users can invest in bitcoin in the platform by easily signing up, verifying and depositing funds, and starting to buy and sell bitcoin. Bitpanda is now valued at US$1.2 billion and is one of Europe's largest crypto platforms and Austria's first unicorn ever.
Robinhood is a discount brokerage that offers commission-free trading through its website and mobile apps. The platform makes a significant amount of income from payments for order flow, a common although controversial practice whereby a broker receives compensation and other benefits for directing orders to different parties for trade execution. Robinhood supports the trading of more than 5,000 stocks, including most equities and exchange traded funds (ETFs), listed on US exchanges, options contracts, cryptocurrencies such as Bitcoin, Ethereum, and American Depositary Receipts (ADRs) for more than 650 globally listed companies.
SoFi is a disruptive finance company whose goal is to help people get their money right. SoFi aims to be a hub for all things personal finance as it heads for public markers. The platform offers a range of financial services, including brokerage and investment accounts, various loan offerings, credit, and small business financing. SoFi is also a secure platform to make Bitcoin investments. It ensures user's Bitcoin holdings are protected against fraud and theft.
WazirX is India's largest crypto exchange platform. Founded in 2018, the company has grown to be the most trusted exchange in the Indian crypto market. A part of the famous Binance group, WazirX is seeing a steep rise in the number of new users as well as a trading activity since its beginning. The platform stands as a place to buy, sell, and trade Bitcoin, Ethereum, Ripple, Litecoin, and more cryptocurrencies in India. It also has WRX, a utility token backed by the company to reward users according to their contributions.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.