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Best Digital Wallets for Buying Bitcoin
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Best Digital Wallets for Buying Bitcoin 

Bitcoin is probably the first thing that people think about when they hear the word blockchain or crypto. It is a highly volatile asset but the value of Bitcoin is still increasing with time. Bitcoin has a limited supply due to which it has become an appreciating asset. Thus, you might be interested in buying some bitcoins. In this article, we are going to talk about the best digital wallets for buying Bitcoin. You can buy Bitcoins using Apple Pay instantly using any of these wallets.

Apple Pay is supported on the iPhone, Apple Watch, iPad, and Mac.

1. Binance

Binance is currently the most famous crypto exchange in the world. Most traders are using Binance for trading cryptocurrency. It also has a futures market for traders. You can also buy futures contracts on Binance.

More than 170 cryptocurrencies are listed on this system. It provides powerful tools to both advanced and beginner traders. You can check the RSI level of cryptocurrencies on this exchange. Also, you can check the Moving average levels of cryptocurrencies.

Advantages of Binance:

  • Binance is the most trustworthy management in the world.
  • It has a high volume.
  • Binance only takes 0.1% as transaction fees.
  • Most of the cryptocurrencies are available on this site.
  • It provides global support.

Disadvantages of Binance:

Binance has few payment options available.

2. Coinmama

You can buy Bitcoin using a bank transfer and a credit card on Coinmama. Coinmama accepts almost every currency. Thus, you can do the transaction in any fiat currency.

Advantages of Coinmama:

  • It is available everywhere in the world.
  • There are purchasing limits on this website.
  • It is trustworthy and dependable.
  • You will get access to good customer support.
  • It supports faster and secure transactions.

Disadvantages of Coinmama:

They charge high fees when you purchase with a debit or credit card.

3. Paxful

Paxful is one of the most popular peer-to-peer marketplaces. It supports more than 300 payment methods. You can create offers in any fiat currency. Thus, you don’t need to worry about converting your money to USDT first.

Advantages of Paxful:

  • Paxful provides security to both seller and buyer.
  • It is a very simple user interface.
  • It is used by a large number of sellers.
  • More than 500 payment methods are available.

Disadvantages of Paxful:

Sellers and buyers can get scammed sometimes.

4. LocalBitcoins

LocalBitcoins is another peer-to-peer bitcoin trading platform. You can use it for buying Bitcoin directly from the seller. The main aim of LocalBitcoins is to connect buyers with sellers. You can create your offers in any fiat currency. However, only a few cryptocurrencies are supported on LocalBitcoins. You can’t buy famous cryptocurrencies like DOT and ADA on this platform.

Advantages of LocalBitcoins:

  • It is available everywhere in the world.
  • You can choose between different buyers and sellers.
  • It supports multiple payment methods.

Disadvantages of LocalBitcoins:

It doesn’t support other famous cryptocurrencies.

Sometimes you can get scammed on this platform.

5. Exodus

Exodus is a mobile and desktop wallet that has a very simple user interface. It is also an exchange where you can buy cryptocurrencies. The best thing about Exodus is that it will allow you to swap between various cryptocurrencies. You can swap between more than 100 different cryptocurrencies on Exodus.

This wallet is perfect for people who are entering the crypto space for the first time. Exodus provides great support to its users. Thus, it will help you in getting into a confusing market.

Conclusion

These are the best digital wallets where you can buy bitcoin. You can also store your bitcoin on these platforms. These platforms are very secure. Thus, you don’t need to worry about getting hacked. You can buy your favorite cryptocurrencies on these platforms.

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