Bitcoin’s popularity and recognition are at an all-time high, owing primarily to its status as the first cryptocurrency in existence and its symbol as a store of value. However, one frequently asked question remains: where do I trade Bitcoin? We’ll look at the various ways to trade Bitcoin.
- Peer-to-peer (P2P) Marketplaces
P2P marketplaces enable users buy and sell Bitcoin directly between themselves, eliminating the need for a middleman. These platforms usually offer an escrow service to make sure both parties fulfill their end of the transaction. Oyola is a popular P2P marketplace where you can trade Bitcoin, Ethereum, USDT and Binance coin without paying any fees.
- Crypto Exchanges
Crypto exchanges are online marketplaces where people can buy and sell cryptocurrencies such as Bitcoin and other altcoins. These exchanges serve as middlemen between buyers and sellers, charging a fee for their services. There are multiple crypto exchanges where you can trade bitcoin and other altcoins.
- Bitcoin ATMs
Bitcoin ATMs are physical machines that enable users purchase and sell Bitcoin with cash. These machines are internet-connected and can be found in a variety of places globally, including malls, gas stations, and convenience stores. Worldwide, there are multiple Bitcoin ATM providers.
- Bitcoin Futures Markets
Bitcoin futures markets enable traders to speculate on Bitcoin’s future price without owning the underlying asset. These markets function by allowing traders to enter into contracts to buy or sell Bitcoin at a predetermined price and date in the future.
- Over-the-counter (OTC) Trading
OTC trading is the purchase and sale of Bitcoin between two parties without the use of an exchange or another intermediary. OTC trades are often used to execute large trades that would be difficult to execute on a public exchange by institutional investors and high net worth individuals. There are various platforms that offer over-the-counter services worldwide.
For more control over your crypto trading, it is recommended you use a P2P marketplace where you can trade with other individuals at a better rate. Oyola is a prime choice as you can buy, sell and trade crypto at zero fees. Get started today by visiting www.oyola.io to create an account.
