Online bitcoin markets are springing up all over and I’m finding it alarming. For that reason, don’t sign up for membership with the first marketplace that shows up on your search engine. You ought to first research the background of a marketplace and obtain the identity of the founder. Also look at its liquidity and subscriber base. A marketplace that has low subscriber base and low liquidity is likely to close shop (and abscond with your valuable BTCs).
It’s hard to fight against the marketplaces that rip-off their customers because the bitcoin philosophy is about “free love” which means a company can continue to operate even after being identified as a scam. Generally, it’s advisable to stick with the tried and tested bitcoin giants like Coinbase and Kraken, but there are other deserving marketplaces that are not necessarily big deals.
This is a US based online market that caters to US residents only. It facilitates the purchase of bitcoins through either cash or bank transfer. If you’re buying bitcoins worth less than $1000, you don’t have to register for an account. Expresscoin must be a legitimate company from the many positive reviews it attracts.
At bittylicious, you can only buy bitcoins through bank transfer. Users must have a verified UK bank account, and the payment process must not involve a third party. Also, multiple accounts are banned by the company.
The platform has an escrow system, which guarantees buyer security, and as soon as you deposit money, the BTCs are pushed to you. BitQuick transactions are at the bank level strictly. And so you’ll need to have a verified account.
This Hong Kong based company prides itself as a seller of cryptocurrencies like dogecoins, litecoins, ether, ripple etc against international fiat currencies. Anxpro offers its customers different deposit options along with customer support.
Belgacoin is a European market that sells bitcoins, litecoins, dash, and ether. It’s fast, cheap, and secure. All you have to do is fill up the “order form”, send your payment, and expect they’ll send bitcoins to your wallet.