Where to accept bitcoin

Started by ElizabethParker, Oct 17, 2022, 05:10 AM

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ElizabethParkerTopic starter

For a beginner looking to accept bitcoin with minimal commission loss (both for input and output), the requirements are simple: it must be easy to install and convenient to use. The question then becomes, where to register a wallet? There are various options available, such as websites, exchanges, hardware wallets, and programs like Electrum. It can be overwhelming to choose, and figuring out which one is the best fit can be difficult.

To make matters simpler, perhaps consider installing the wallet on a USB flash drive, computer, or phone. Be mindful of the space it might take up though, as you wouldn't want to pay extra for transfer fees when exchanging cryptocurrencies for money. Of course, if trading or purchasing other cryptos is something you're interested in, registering with an exchange (such as Binance) would be the way to go.


Blockchain.com, btc.com, and binance.com (which is an exchange) are all examples of platforms that have been designed for wide-scale use, with simplicity being a key feature. This means that anyone, regardless of their level of understanding, can use these platforms with ease.

Exodus is another platform that is very user-friendly, but it may not be the most secure wallet available out there. While it's not advisable to store millions of dollars on Exodus, if you're just getting started with cryptocurrencies and don't have much to lose, then this wallet should suffice. However, if you want to be as safe as possible, it's important to have some knowledge and expertise in the field.

Storing your funds on a major exchange is also a viable and reliable option, as you're able to convert your bitcoin into other currencies at any time. If you prefer not to register your account with an exchange, you could try using a wallet instead - although keep in mind that wallets often require opening from only one device, unlike exchanges which allow access from any device.


As a platform for their first transaction, many beginners choose cryptocurrency exchanges due to their intuitive interface and various features such as built-in support for bank cards, P2P platforms, a wallet, and services for earning money. However, it's important to note that in order to work on an exchange, one must pass KYC verification by providing passport data. Additionally, not all bank cards are supported by exchanges, and legal restrictions related to cryptocurrency transactions may apply.

The most popular crypto exchanges include Binance, FTX, WhiteBit, Bybit, Kucoin, Huobi, Gate.io, OKX, MEXC, and Kuna. Alternatively, P2P platforms allow users to purchase bitcoin directly from other users without intermediaries such as exchanges or exchangers. These platforms often provide guarantees of payment, quick exchange forms, and convenient search options for offers that meet your requirements.

While there are many sites on the internet where one can buy BTC, it's best for beginners to use platforms that are associated with centralized exchanges for their first P2P transaction. For example, Binance P2P is a great option to explore. Other P2P platforms include Bitcoin global and LocalBitcoins.