Where and How to Buy and Sell Bitcoin or Cryptocurrency in Zhuzhou, HUN,China with 350++ Payment methods?
Bitcoin is a type of virtual currency that you can use for digital purchases or you can trade like stocks or bonds. To buy and sell cryptocurrency including Bitcoin, you need to use a bitcoin exchange.
The best cryptocurrency exchanges are secure, cost-effective, quick to set up, easy to use, and accept a variety of funding sources. Here are our picks for the best places to buy bitcoin.
The cryptocurrency exchange you use will depend on what your goals are. Some people buy only bitcoin, while some buy many cryptos. Some trade, while some buy and hold.
We’ll outline some of the best options for each type of buyer and trader.
Best for Buying Bitcoin in Zhuzhou, HUN,China
If your only goal is to buy Bitcoin, Ethereum or another coin, the following exchanges have smooth and easy buying processes:
Best for Buying Bitcoin in Zhuzhou, HUN,China #1:
Paxful is a peer-to-peer (P2P) marketplace where users can buy and sell Bitcoin with 380+ payment methods. Fow now, Paxful has 12,000+ Trusted offers, 12,000+ Trusted vendors and 4,800,000+ Happy customers. Simply select your preferred payment method and type in how many bitcoins you will buy. Be sure you choose reputable traders.
Paxful was started in 2015 by Ray Youssef and Artur Schaback. It operates across major cities globally. Ever since its launch, Paxful has allowed sellers to sell Bitcoins without any hassles. Vice versa, the buyers also benefit from multiple payment options, smooth transactions and seller trust ratings. It fills the gap between miners and exchanges.
Unlike exchanges that grapple with geographic restrictions, Paxful allows buyers the freedom to choose the seller and connect independently. It truly represents the spirit of the decentralized concept of cryptocurrencies.
With Paxful you can elevate your financial freedom to a higher plane with Paxful:
- Buy Bitcoin on Paxful in real time. Trade with other users online using live chat.
- Sell your Bitcoin at your chosen rate, and get paid in one of numerous payment methods.
- Your Bitcoin is held in our secure escrow until the trade is completed successfully.
- Their user feedback system enables you to identify trusted and experienced peers to trade with.
- Get a life-time free Bitcoin wallet maintained by BitGo, the leading provider of secure Bitcoin wallets.
- Take advantage of our Affiliate Program to create a steady income stream.
Become a vendor on Paxful and empower millions around the world with financial freedom. Offer multiple payment methods that buyers like, eliminate middlemen, and they will help you with all the resources and guidance needed to succeed.
Best for Buying Bitcoin in Zhuzhou, HUN,China #2:
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Best for Buying Bitcoin in Zhuzhou, HUN,China #3:
LocalCoinSwap describes itself as a community-owned, peer-to-peer (P2P) cryptocurrency exchange that connects people from all around the world to buy and sell a variety of the most popular cryptocurrencies. As there is no KYC or ID verification required to get started, trading is reportedly fast, secure and private. After creating a free trade advertisement, users can reportedly start trading locally or internationally with people, established businesses, and OTC cryptocurrency brokers worldwide.
LocalCoinSwap currently supports P2P trading across a host of cryptocurrencies. It reportedly supports 250+ payment methods including cash, bank transfer, Zelle Pay, Skrill, international wire, Paypal, cash deposits, Western Union, Amazon gift cards, iTunes gift cards, and 160+ fiat currencies. The team claims that its availability in 190+ countries makes it the largest selection of currencies available on any P2P platform worldwide.
LocalCoinSwap claims to offer 24/7 customer service and a revenue-sharing model that uses 20% of the platform trade fee revenue to buyback and subsequently burn their native LCS token.
Best for Trading Bitcoin in Zhuzhou, HUN,China
If you plan on trading in and out of different coins, the following exchanges support many cryptocurrencies:
Best for Trading Bitcoin in Zhuzhou, HUN,China #1:
The best crypto-to-crypto exchange for beginners is probably Binance. Binance is a centralized cryptocurrency exchange located in Cayman Islands. There are 293 coins and 994 trading pairs on the exchange.
The main reasons are:
- Binance’s mobile apps make it easy to use for beginners
- Binance’s web interface is quite simple to use as well
- You can start trading instantly on Binance with just an email address
- You can use its native BNB coin to get discounts on trading
- Binance is the world’s largest exchange according to CoinMarketCap and Coingecko
Best for Trading Bitcoin in Zhuzhou, HUN,China #2:
The best fiat-to-crypto exchange for beginners is probably Coinbase Pro. Coinbase Pro is a centralized cryptocurrency exchange located in United States. There are 47 coins and 142 trading pairs on the exchange.
I say this for a few reasons:
- It has the best user interface and is very easy to use
- The verification process is fast so you can buy almost instantly
- It has excellent mobile apps for iPhone and Android
- It’s a regulated exchange and its cash holdings are FDIC insured.
Best for Trading Bitcoin in Zhuzhou, HUN,China #3:
The best instant swap exchange for beginners is probably Changelly. Coinbase Pro is a centralized cryptocurrency exchange located in United States. There are 47 coins and 142 trading pairs on the exchange.
Changelly already managed to garner quite some attention around it. It almost seems that the vast majority of the cryptocurrency communities already know this platform.
By being one of the leading swap platforms that people use naturally, it has a lot of eyes directed to it. People are wondering “is Changelly safe? Is Changelly legit?” and are looking at Changelly reviews to help them make up their minds.
A TL;DR would be that Changelly is a very popular cryptocurrency exchange platform. Some Changelly reviews go as far as to claim that it is the most popular crypto exchange platform in the world. It is a non-custodial exchange – this means that it holds no liquidity and does not require any deposits. This makes Changelly one of the most secure choices you can make when trading.
Best for Trading Bitcoin in Zhuzhou, HUN,China #4:
Bitfinex is a large yet controversial exchange. It’s biggest claim to fame is the creation of the first stablecoin, Tether (USDT). Bitfinex is a popular exchange because in terms of USD trading volume it has the most liquidity. It currently owns about a 10% share of the US dollars trading market. Because of its confusing interface, it’s probably only a good choice for traders who really know what they are doing.
Despite getting hacked and losing $70 million or more in customer funds, Bitfinex remains a popular option for serious traders. Still, the hack is scaring some people away.
One thing that has made Bitfinex popular is that if you only make a deposit with cryptocurrency no verification is required. If you want to deposit dollars or euro then you WILL have to verify your ID.
Bitfinex offers very low fees even for low volume buyers, at 0.1% per buy for market makers and 0.2% per buy for market takers.
Things to keep in mind
While a cryptocurrency exchange with high volumes definitely presents an advantage for the user, it is worth keeping in mind that it shouldn’t be the definitive criteria. Exchanges have been known to manipulate trading volumes with the help of bots. Additionally, high volumes aren’t a guarantee that a cryptocurrency exchange is entirely reliable.
For instance, Bitfinex, the forth name on the list above, was hacked in August 2016 and $72 million in Bitcoin was stolen from this exchange. Just before the theft, Bitfinex was fined by the U.S. Commodity Futures Trading Commission for offering illegal commodity transactions. As such, users shouldn’t rely on volume alone while selecting a cryptocurrency exchange.
Moreover, certain new exchanges have been growing at a really impressive rate. Gemini, for instance, was witnessing 100% volume growth every two days back in 2015, and it is now looking to widen its horizons by bringing institutional investors into the cryptocurrency market. This should ensure further volume growth going forward, which also means that users shouldn’t restrict themselves to exchanges with only high volumes and consider other options as well that are fast coming up.
What is a Bitcoin Exchange?
A bitcoin exchange is a digital marketplace where you can convert currency like U.S. dollars into bitcoin. Many exchanges that support bitcoin also support other digital cryptocurrencies.
Every bitcoin exchange uses its own pricing and platform, which may instantly draw you to one exchange over another. Advanced bitcoin users may be interested in more details about the type of exchange. For example, some exchanges use centralized systems and user accounts while others are decentralized with a focus on privacy. Depending on what you’re trying to accomplish, you may prefer one type of exchange over another.
How Does a Bitcoin Exchange Work?
Bitcoin exchanges connect buyers and sellers and act as a middleman, or a broker, in some cases. When you buy bitcoin using a bitcoin wallet, the transaction is recorded on the Bitcoin Blockchain, which publicly tracks bitcoin-based transactions. In some cases, exchanges may transact on your behalf and not deliver bitcoin to an external digital wallet.
Are Bitcoin Exchanges Legal?
Bitcoin exchanges are generally considered legal in the United States. However, it is your responsibility to report capital gains to stay on the right side of the law for your annual tax filing.
What Are Some Differences Between Bitcoin Exchanges and Wallets?
Bitcoin exchanges are a place you can buy and sell bitcoin. In many cases, the exchange also includes a wallet, which is the “account” that holds your cryptocurrency. When you use a centralized exchange online or through a mobile app, the exchange will effectively hold the bitcoin on your behalf.
Bitcoin also enables you to use external wallets outside of an exchange. These include computer-based and web-based “hot wallets” and offline “cold wallets” that work kind of like a USB security fob. If you buy bitcoin at most exchanges, you have the option to transfer your coins to any bitcoin wallet.
What Are Some Differences Between Bitcoin Exchanges and Mining Software?
Bitcoin mining software is a type of application that helps maintain the Bitcoin Blockchain. Every transaction on the blockchain is public and recorded on countless computers around the world. When a transaction takes place, computers called miners race to record the transaction and get a small fee, which is paid by those who make the transaction.
When you run a bitcoin miner, you can effectively “create” your own bitcoin if you win the race and get paid the transaction fee. To improve your chances, you can join a pool with other miners. However, be aware that mining is very power-intensive and could wind up costing you more than it makes you. Bitcoin mining is best for those who are very computer savvy.
Is Buying Bitcoin Safe?
Buying Bitcoin is safe whenever you use a vetted and respected platform. It’s important to research any platform where you’re considering purchasing Bitcoin before you decide to take the plunge. In terms of Bitcoin being a safe investment, the value fluctuates more frequently than many other traditional investments. If you’re looking to support a decentralized method of making payments, Bitcoin can be valuable. However, there’s no guarantee or insurance protecting any value of what you’re purchasing.
How Can I Buy Bitcoin?
If you’re looking to buy bitcoin, follow these steps to get started:
- Pick an exchange and wallet provider: The first step is to pick a place to buy and store your bitcoin. The easiest and fastest way to start is to choose an exchange that also offers secure bitcoin storage.
- Open an account: Once you’ve picked your favorite exchange, you will most likely need to open an account and supply basic personal information. Some decentralized exchanges don’t require an account, but you’ll need an existing wallet and more technical know-how to use this type of exchange.
- Fund your account: If you choose a provider that allows you to deposit fiat current (USD, EUR, GBP, etc.), you’ll probably have to fund your account before you can make an order. You may be able to buy right away with a debit or credit card, but beware of extra fees.
- Place an order: Now it’s time for the big moment. Place your order and wait for it to fully execute. Because blockchain processing takes some time, your purchase may not be instant. There are many factors that can lead this to take anywhere from a few minutes to over an hour to complete.
Once your order is done, you should see your new bitcoin in your bitcoin wallet or account. Congratulations! You’re a cryptocurrency owner.
How We Chose the Best Places to Buy Bitcoin
We looked at more than a dozen of the best places to buy and sell Bitcoin online and settled on the top six places based on a number of factors. These factors included the history of the exchange, customer reviews, the fees each charge, the strength of features for each digital wallet, and the speed at which you can buy Bitcoin.
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