Recently on the 21st of October 2020, the Bitcoin price clocked a fresh 2020 high after PayPal announced its support for Cryptocurrencies.
As of 17:00 UTC (1:00 pm ET) on Wednesday, Bitcoin was trading at $12,833 which was a 7.2% gain in 24 hours.
According to CoinDesk’s Bitcoin Price Index, the coin jumped to 412,481 during earlier U.S trading hours to reach the highest level since July 2019, surpassing the previous 2020 high of $12,476 reached on August 18 and check BCH Price Prediction.
PayPal launched a new service enabling its customers to buy, hold, and sell Bitcoin, Ether, Litecoin, and Bitcoin Cash, directly within the PayPal digital wallet.
The move is expected to increase cryptocurrency’s utility as a funding source for digital commerce at PayPal’s 26 million merchants.
According to a tweet by Michael Novogratz, a top crypto investor, this PayPal news is the biggest Crypto News of the year and we should expect all banks to be on a race to service crypto.
- Where to Buy Cryptocurrencies
Let’s just say Michael Novogratz tweet is not very far from the truth. PayPal is the world’s largest online Cash platform; and it is widely used by freelance platforms like Upwork and Fiverr.
With such a key financial player joining the crypto bandwagon, the future is indeed Crypto. The number of Crypto investors has multiplied over the years. More people keep learning about the new currency and are seeking to join the Crypto sphere.
Investing or trading in Bitcoin or other Cryptocurrencies can be intimidating at first. People lose their money through scams all the time. Crypto has never been simple and safety continues to be a major cause of concern for potential investors.
The following exchanges are the best for any use case; whether a beginner, an expert, or in search of altcoins. You can be sure that these crypto exchanges will cater to all your crypto needs.
- Coinbase and Coinbase pro
Coinbase is the most widely known fully licensed and regulated crypto exchange in the United States. It offers a solid variety of altcoin choices, has a very simple user interface, and very high liquidity. The transaction fees lie between $0.99 and $2.99 depending on the dollar value of the purchase.
Since its inception in 2012, the exchange has been able to avoid any controversies.
- CashApp
It is a peer-to-peer money transfer system that allows users to conveniently pay for everyday transactions. It essentially acts as a bank account and users have their CashApp debit cards. It gives users the ability to withdraw Bitcoin and has an extremely simple user interface.
The service fee varies per transaction and is determined by price volatility and market volatility.
Cash App also allows its users to invest in stocks, ETFs, and cryptocurrency in a similar fashion that Robinhood does. The mobile-first interface that this exchange uses is very easy to figure out and use, making it ideal for beginners.
- Zeabit
Zeabit I an exchange platform that allows quick and secure at the best rates on the market. They accept a wide variety of cryptocurrencies,
It is very easy to get started on Zeabit, you follow three simple steps that will only take you a couple of minutes. Some of the benefits it offers include Secure storage, insurance cover, Extensive support, and a portfolio with varied features.
- Other Exchanges worth exploring
- Binance
- Bisq
- KuCoin
- Huobi Global
- Bithumb
- Upbit
- Kraken
- Bitfinex
- Bitstamp
- Coinone
