{"id":3373,"date":"2020-02-24T12:43:04","date_gmt":"2020-02-24T12:43:04","guid":{"rendered":"https:\/\/paybis.com\/blog\/?page_id=3373"},"modified":"2024-10-29T12:13:50","modified_gmt":"2024-10-29T12:13:50","slug":"how-to-choose-which-exchange-to-buy-bitcoin-from","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/how-to-choose-which-exchange-to-buy-bitcoin-from\/","title":{"rendered":"How to choose which exchange to buy Bitcoin from?"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\">Cryptocurrency exchanges are evolving all the time. Some become more complicated to use, while others focus on simplicity.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In order to know how to choose which exchange to <a href=\"https:\/\/paybis.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">buy Bitcoin<\/a> from, you will first need to think about your goals.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Do you want to buy it in the safest possible way?<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Are you an experienced investor or an amateur?<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Do you find quick transactions to be essential?<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Are you a <a href=\"https:\/\/www.investopedia.com\/terms\/h\/hodl.asp\" target=\"_blank\" rel=\"noopener noreferrer\">HODLer<\/a> or a trader?<\/span><\/li>\n<\/ul>\n\n\n\n<p><span style=\"font-weight: 400;\">In this article, we will focus on the key elements a platform cryptocurrency platform should have when you decide to join.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">How to choose which exchange to buy Bitcoin from<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Here are the key characteristics an exchange should have when you are a complete beginner:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b>Good track record<\/b><span style=\"font-weight: 400;\"> &#8211; Many exchanges use shady marketing tactics, like <a href=\"https:\/\/paybis.com\/blog\/fake-volumes-in-cryptocurrency-markets\/\" target=\"_blank\" rel=\"noopener noreferrer\">fake volumes<\/a>, to lure new investors to their platform. In our opinion, the best way to check for a platform\u2019s track record is by checking review platforms (for example\u00a0<a class=\"c-link c-link--underline\" data-stringify-link=\"http:\/\/cryptoradar.com\" data-sk=\"tooltip_parent\" href=\"https:\/\/cryptoradar.com\" target=\"_blank\" rel=\"noopener noreferrer\">cryptoradar.com<\/a>). A great and trustworthy platform for this occasion is Trustpilot.<\/span><\/li>\n\n\n\n<li><b>Easy to use<\/b><span style=\"font-weight: 400;\"> &#8211; Ideally, you should be able to navigate the exchange platform easily, without having any questions. Most platforms nowadays are trying to implement this type of minimalism.<\/span><\/li>\n\n\n\n<li><b>Customer support<\/b><span style=\"font-weight: 400;\"> &#8211; A reliable platform should always prioritize its users. As such it should always be responsive. Check if the platform you want to use offers customer support options, and reach out to see how fast the agents will answer.<\/span><\/li>\n\n\n\n<li><b>Minimal risk<\/b><span style=\"font-weight: 400;\"> &#8211; Exchange wallets usually take away the full control you have over your coins. Ideally, you should choose an exchange that offers a <a href=\"https:\/\/en.wikipedia.org\/wiki\/Cryptocurrency_wallet\" target=\"_blank\" rel=\"noopener noreferrer\">non-custodial option<\/a>, or one that sends your funds directly to a wallet you indicate.<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Where to Buy Bitcoin Easily with Credit Cards? | Crypto Guide by Paybis\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/o55_HMS41Uc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Do crypto traders need to look for different things?<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Obviously, if you are trading crypto for a living, you\u2019ll want to find a platform that has many different cryptocurrency pairings.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">That being said, trading is not always a daily practice. <a href=\"https:\/\/www.investopedia.com\/terms\/m\/marketsentiment.asp\" target=\"_blank\" rel=\"noopener noreferrer\">Market sentiment<\/a> traders may only make a couple of trader per year and still increase their overall BTC value.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Therefore, you need to understand what type of trader you want to be. If you are a swing trader, you\u2019d want to use trading tools on a daily basis. As such, you need to choose according to that goal.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">On the other hand, if you are a patient market observer, waiting for the right moment to make a move, you don\u2019t necessarily need to look through a bunch of daily candles and trading indicators.&nbsp;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchanges are evolving all the time. Some become more complicated to use, while others focus on simplicity. In order to know how to choose which exchange to buy Bitcoin from, you will first need to think about your goals. In this article, we will focus on the key elements a platform cryptocurrency platform should [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3823,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[8,41,132],"tags":[164,199,204],"businesses_tag":[],"class_list":["post-3373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-educational-guides","category-bitcoin","category-individuals","tag-bitcoin","tag-education","tag-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to choose which exchange to buy Bitcoin from? - Paybis Blog<\/title>\n<meta name=\"description\" content=\"How should you best choose which exchange to buy Bitcoin from? 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