Buy Cheap Bitcoin: These sites are the way to buy the cheapest bitcoin

So you have finally decided to buy your first Bitcoin or maybe a fraction of Bitcoin?

You may end up choosing one of the best Bitcoin exchanges to make the purchase. However, you are still stuck, which you may be wondering about; Which site is the cheapest way to buy Bitcoin?

If you are an impulsive buyer, you may not be paying much attention to it.

But if you are a smart buyer, stop by for a few minutes, check out all the options and then buy Bitcoin. By choosing the cheapest bitcoin site, you can end up saving $ 100-200 (1-2%) on your $ 10,000 purchase. And if you are planning to buy tons of Bitcoin, this saving can be significant.

In this guide, I have shared my results on cheap Bitcoin sites where you pay the least.

First things first,

The Bitcoin price will be almost the same on all the websites. The place where you can save money is on markup, deposit fees and payout fees. You can lower your costs based on factors such as:

  • Which country you come from
  • What is your preferred payment method?
  • How long can you wait to buy Bitcoin
  • Do you want to raise Bitcoin or use the stock market as a wallet (not recommended)
  • Where are you technically savvy

Here are a few things you should know:

  • Buying with a bank account is the cheapest
  • Buying with a credit card is the most expensive (I have provided the cheapest solution below)
  • Using P2P exchanges like Paxful or Localbitcoin is the cheapest, but they are not the most convenient way to buy.

There are easy to use exchanges like Coinbase, CEX out there that are perfect for beginners. However, the fees (transaction fees, deposit and withdrawal fees) are quite significant, but perfect due to the light comfort.

The cheapest way to buy Bitcoin:

1. CEX

CEX is one of the best destinations across the globe for buying Bitcoin cheaply. It depends solely on what mode you use to fund your account and it determines how cheap or expensive your purchase would be.

Here is a screenshot of the CEX fee page:

If you choose bank transfer as your payment method, you will pay zero fees for USD, EUR and GBP. Even the transaction fees are quite nominal (see screenshot below)

The only thing I do not like about CEX fees are withdrawal fees, but as long as you want to keep Bitcoin for a long time like many others, this should not bother you.

It’s easy to get started with CEX, and read how to buy a bitcoin to understand the whole process.

Sign up for CEX

2. Binance

Binance is perhaps the unicorn in the Bitcoin and cryptocurrency industry. It is a full-fledged exchange that is inactive for beginners and for professional users. Recently, Binance added a feature that lets you buy Bitcoin using a master or Visa card.

What really matters here are the fees, which are perhaps the cheapest in the entire industry. According to their announcement “Low fees: only 3.5% per transaction or $ 10, whichever is higher”.

Even the transaction fees on Binance are one of the lowest if you plan to trade with your purchased Bitcoin.

Follow the steps to get started:

  1. Create an account on Binance
  2. Click Buy Crypto> Credit / Debit Cards
  3. Enter the amount between (USD 15-5000)
  4. Pay with visa / master card
  5. Complete the confirmation (5 minutes)
  6. And complete the purchase

Even Bitcoin withdrawal fees are the lowest, and as I said earlier: Binance is the unicorn of cryptocurrency. You will find a lot of value by using this site.

Create an account on Binance

3. Paxful

Paxful is a P2P exchange and I have previously shared a detailed review of Paxful. Since it is a P2P exchange, I have noted it lately as many users preferred regulated exchanges like CEX, Coinbase to buy Bitcoin. For those who are ok with buying from a P2P platform, you are in luck as Paxful is a platform with no fees to buy Bitcoin.

Here is the screenshot of Paxful’s fee page:

Note: When you buy cryptocurrency from another customer on Paxful, you are buying cryptocurrency at a price set by the customers themselves. These prices vary based on several factors such as your confirmation status, payment method, currency pairs (such as USD, EUR, CNY) and order size.

Create a free account on Paxful

Conclusion: Cheap Bitcoin sites

You need to be wary of sites that directly advertise to buy cheap bitcoin as you also need to look at the reliability and authenticity of the platform, otherwise you could fall victim to a scam. These websites mentioned above are some of the best when it comes to buying cheap BTC and at the same time have a proven track record.

Now, if you came across another site that should be listed here, let me know in the comments section below. As always happy to buy cheap bitcoins.

Do you have a question? Feel free to ask in the comments section below.

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