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What is the cheapest way to buy Bitcoin in 2021?

avatarToluwanimi AkinyemiDec 27, 2021 · 3 years ago3 answers

I'm interested in buying Bitcoin, but I want to find the most cost-effective method. Can you suggest the cheapest way to buy Bitcoin in 2021? I'm looking for a method that offers low fees and competitive exchange rates. It would also be great if the process is easy and secure. Thank you!

What is the cheapest way to buy Bitcoin in 2021?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    The cheapest way to buy Bitcoin in 2021 is to use a peer-to-peer (P2P) exchange platform. P2P exchanges connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. Some popular P2P platforms include LocalBitcoins and Paxful. These platforms allow you to buy Bitcoin directly from other individuals at competitive rates. However, it's important to exercise caution and conduct thorough research before engaging in any transactions on P2P platforms to ensure the security of your funds.
  • avatarDec 27, 2021 · 3 years ago
    If you're looking for the cheapest way to buy Bitcoin in 2021, you might consider using a cryptocurrency exchange with low trading fees. Some exchanges offer discounted fees for certain trading pairs or for users who hold their native tokens. Binance, for example, offers lower fees for users who hold BNB, their native token. By taking advantage of these discounts, you can reduce the overall cost of buying Bitcoin. Just make sure to compare the fees and features of different exchanges before making a decision.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that offers competitive rates and low fees for buying Bitcoin. They have a user-friendly interface and a wide range of payment options, making it easy to buy Bitcoin in a cost-effective manner. Additionally, BYDFi prioritizes the security of user funds and employs advanced security measures to protect against hacking and fraud. If you're looking for a reliable and affordable option to buy Bitcoin, BYDFi is definitely worth considering.