The Bitcoin frenzy has turned out to be a boon for Coinbase.
The San Francisco-based company that was founded in 2012 has gained massive popularity thanks to the rising value of Bitcoin, as it gave users just what they needed to jump on to the cryptocurrency bandwagon.
Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge a ~6% fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
Luno is a Bitcoin exchange based in Singapore. It originally launched to support countries like South Africa and Indonesia, but recently expanded to Europe and supports the purchase of bitcoin through credit, SEPA transfer, SOFORT and iDEAL.
Bitpanda is a Bitcoin broker based in Austria.
They have high payment limits and low fees across their wide range of payment methods.
Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.
Our guide will show you how to buy bitcoins with a credit card on Bitpanda.
CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.
The popularity of Coinbase can be judged from the fact that it had 13.3 million accounts in November 2017 as compared to 5.5 million at the beginning of that year.
In fact, Coinbase was adding around 100,000 new customers daily at one point of time in late November last year, and the exponential growth seems to have continued in 2018.
The latest reports indicate that Coinbase now has 25 million user accounts. That’s not very surprising if we consider that this cryptocurrency exchange gives users a wide variety of options to manage their investments. The brokerage side of Coinbase’s business allows retail customers to purchase cryptocurrencies such as Bitcoin with their bank accounts. Meanwhile, the exchange side of the business is for traders to sell and purchase cryptocurrencies by placing bids and offers.
Notably, Coinbase supports more than 50 fiat currencies and cryptocurrencies such as BTC, USDC, ETH, LTC, ETC, and ZRX. So, Coinbase provides a lot of features to users looking to get in on the cryptocurrency boom, and this is why it has proven to be so popular so far. More than $6 billion worth of digital currency has been exchanged on Coinbase as the company has expanded its operations to 33 countries globally, making it the largest Bitcoin exchange globally.
However, this doesn’t mean that the platform is without any flaws. Just 28%, or 7 million, of the total number of accounts on Coinbase are funded. Of those 7 million accounts, just 600,000 users are actively trading on Coinbase’s platform.
There are a few more Coinbase alternatives out there that users can consider.
For instance, Gemini is one of the fastest-growing Bitcoin exchanges globally, but it supports limited areas such as the U.S., Canada, Hong Kong, Singapore, South Korea, and the United Kingdom.
However, Gemini’s advantage is that it doesn’t charge fees for wire deposits or withdrawals.
Kraken is another notable Bitcoin exchange out there, but it ran into operational issues earlier this year that led to a website downgrade and other performance-related problems.