Bitcoin has become a popular investment asset among investors worldwide. However, purchasing bitcoin can be daunting for beginners, and choosing the best app to purchase bitcoin can be even more challenging. In this article, we will discuss the best app to purchase bitcoin and why it is the best.
Coinbase is the best app to purchase bitcoin because of its user-friendly interface, high security standards, and availability in multiple countries. Coinbase was founded in 2012 and has since been a popular choice for beginners and experienced investors to purchase bitcoin.
Coinbase has a simple and easy-to-use interface that makes it easy for beginners to purchase bitcoin. The platform offers a range of payment options such as bank transfers, credit and debit cards, and PayPal. This makes it easy for investors to purchase bitcoin using their preferred payment method.
Another reason why Coinbase is the best app to purchase bitcoin is its high security standards. Coinbase stores 98% of customer funds in offline storage, and the remaining 2% is insurance protected. This means that investors’ funds are secure from hackers and other security breaches.
Coinbase also implements two-factor authentication (2FA) to ensure that only the account owner can access the platform. The platform also requires users to verify their identity using government-issued identification. This ensures that only legitimate users can access the platform.
Coinbase is also available in multiple countries, making it accessible to investors worldwide. The platform is available in over 100 countries, including the US, UK, Australia, and Canada. This means that investors worldwide can purchase bitcoin using Coinbase.
Coinbase also offers a range of other cryptocurrencies, making it a one-stop-shop for investors. The platform supports other popular cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash. This means that investors can diversify their portfolio by investing in multiple cryptocurrencies.
In conclusion, Coinbase is the best app to purchase bitcoin because of its user-friendly interface, high security standards, availability in multiple countries, and support for other cryptocurrencies. The platform is perfect for beginners and experienced investors looking to purchase bitcoin and other cryptocurrencies. Coinbase is a reputable platform that has been in operation for nearly a decade, making it a safe and secure option for investors.