List of Cheapest Site to Purchase Bitcoin in year 2020 at the Lowest Fees

Buying your first Bitcoins from a website can be a confusing experience. There are a lot of different sites to buy Bitcoin. All these places offer different ways to buy BTC. Each method of buying will have its own fees. Always keep in mind that Bitcoin is a very volatile asset.

The following website platform was selected based on the cheapest way to purchase Bitcoin with a combination of:

• Sites with Lowest BTC Buy rates
• Payment methods with no extra fees
• Low transaction fees for transferring BTC (because you don’t need to keep it on exchange platform).

If you are looking for a cheap website to buy or purchase bitcoin (BTC) or any other cryptocurrencies in the year 2020 are the list of websites I have personally used so far:

• localbitcoins.com
• Paxful.com
• coinbase.com
• etoro.com
• Bitpanda.com
• PayBis.com
• luno.com
• CEX.IO
• CoinMama.com
• Binance.com

1. coinbase.com

One of the most popular places for newbies to buy their first Bitcoins is from the Coinbase. Coinbase is a Bitcoin broker exchange. This means it buys Bitcoin for you! All you need to do is open an account here and decide how much Bitcoin you want to buy. To pay for your Bitcoin, you’ll need some fiat currency.

You will pay at least 1.49% of your purchase amount as a fee when you buy Bitcoin with Coinbase. You will pay this if you deposit fiat currency into your Coinbase account before you buy Bitcoin. Coinbase doesn’t charge for deposits of fiat currency made by bank transfer. For more information and clarity check out: How to buy and sell bitcoin from your Smartphone in 2019 with Coinbase

2. CoinMama.com

With the CoinMama website, you can use your credit card to buy Bitcoin and Ethereum at a very cheap rate. This exchange has over 200,000 satisfied customers. The platform accepts Visa and Mastercard, the most popular on the market.

The fee for Coinmama is 7.85% and the processor of the transaction add another 5%. You need to think if you want to pay around 13% fees with your credit card.

Furthermore, the minimum you can buy is 60$ USD on this platform.

3.  CEX.IO

By visiting the CEX.io website 

You can buy up to 500$ worth of BTC with your MasterCard or Visa by registering a basic account on the CEX site. The transaction will cost you 3.5% + 0.25$ USD in fees, don’t forget you need to get your account verified.

On CEX you need to get validated before you can buy cryptocurrencies you can buy Bitcoin and Ethereum.

My credit card got confirmed in less than 1 hour. I deposited 20$ USD into the platform. I bought some BTC on the market with 0.20% transaction fee.

4. localbitcoins

Using the localbitcoins.com website you can find traders to buy and sell bitcoins into your wallet. The site is a peer-to-peer online marketplace that allows you to buy and sell Bitcoin with anyone.

 Users are free to buy and sell using any payment method. The payment methods available to buyers will depend on what’s available in your location or country. Localbitcoins charges a flat 1% fee on all trades.

Go to the main page and in the search box fill in the form with the amount you want to buy in your currency, your location and choose a payment method. If you’re unsure how you want to pay, choose “All online offers” as your payment method. The site will list bitcoin traders available in your region.

Once you have made the payment, click the I have paid button. Once the trader has verified that your payment has been received your Bitcoin will be released from escrow and they are instantly available in your LocalBitcoins wallet.

And that’s all there is to it, congratulations on your first Bitcoin trade!

5. Paxful.com

Paxful is a peer-to-peer online marketplace that allows you to buy and sell Bitcoin with anyone in the world. Using this website you can buy bitcoin instantly. It helps to connect buyers and sellers to easily exchange Bitcoin, and find the best price at cheaper rate.

With over 300 payment methods to choose from, you can buy bitcoin using bank transfers, gift cards, and so much more.

There is no Trading fee for the buyers, only the seller will have to pay 0.1% fees per transaction. As at the Month of May 2020, there is are deposit fees of 0.5% and 0% Withdrawal Fees

6. luno

By signing up on the luno website, it makes it safe and easy to buy, cryptocurrencies at a cheaper market rates in any country.

Luno helps you buy Bitcoin, Ethereum, XRP and Litecoin in three easy steps:

1. Sign up for your free Luno Wallet on luni website.

2. Deposit money by Choosing your preferred payment method like bank transfer or credit card to add money to your Luno Wallet.

3. Buy or trade Bitcoin, Ethereum, XRP or Litecoin, cheaply at the current market rate then securely store it in your Wallet or send it on easily to friends.

7. etoro.com

On eToro website, users can buy Bitcoin with a credit card or PayPal, with no added commissions. Clients can also deposit funds using other methods, such as wire transfer. Compared to other forms of buying Bitcoin, eToro offers a relatively easy Bitcoin purchasing experience.

As for commission free, yes, eToro is commission-free when purchasing cryptocurrencies.

eToro charges a flat $5 fee on all withdrawals. The minimum withdrawal amount is $30. Long (BUY), non-leveraged stock and ETF positions are not executed as CFDs and do not incur commission (they incur conversion and withdrawal fees).

8. PayBis

The PayBis.com Website exchange that helps you buy and sell the most popular virtual currencies and BTC. You can choose to pay with your credit or debit card. Skrill, Neteller,  Payeer, and PayPal are also accepted on this Site platform, it is easy, simple, and cheaper than anything else I found out there!! Register on the PayBis website to get started today.

9. Bitpanda

Using the Bitpanda website you can buy, sell and invest in Bitcoin, gold, and over 30 other digital assets on your phone or desktop browser. Fast, secure, and 24/7. With Bitcoin premiums at 1.49% (buy and sell), Bitpanda is the cheapest place for buying and selling Bitcoin instantly. See the current Bitcoin price and chart and learn how to get started with cryptocurrencies.

10. Binance

With Binance, you can easily buy Bitcoin with cash, as well as other cryptocurrencies we offer on the platform. Through this service, you can use your credit card to directly purchase Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash using US Dollars or Euro.

On Binance.com, you can now buy crypto with credit cards and start trading in minutes.” at very cheap rates. Through Simplex, users on Binance can now use Visa and MasterCard to buy BTC, ETH, and LTC cryptocurrencies. Users can then trade between more than 150 different tokens and coins on Binance.com.

Go to the website https://www.binance.com or download the Binance crypto trading app on the App Store or on Google Play, and then open it. – Click Register on the top-right part of the website. On the app, go to the Account menu and tap Login or Register, then tap Register on the bottom part of the app.