How to Buy Bitcoin in Bahamas

With millions of active users, an international market, and strategic investors on board, Kraken, joins Coinbase and Binance to become the big three cryptocurrency exchanges in the global market. Kraken provides cryptocurrency to fiat trading and provides price information to Bloomberg Terminal. In February 2019, Kraken announced that it had raised $100 million in a direct offering to its largest customers at a $4 billion valuation.

Kraken is considered one of the safest bitcoin exchanges around. The platform provides cryptography-verified proof of reserve audits. These audits verify the total amount of cryptocurrency held by Kraken. The company appears to be well-capitalized and very safe to use.

Bitstamp is a well-established and respected cryptocurrency exchange that has become one of the most popular choices with cryptocurrency traders around the world. Bitstamp provides trading services to traders from all around the world and is designed for both intermediate and experienced investors. The exchange provides a user-friendly, intricate and advanced trading platform with sophisticated features.

98% of all funds on the exchange are kept in cold storage, meaning they are inaccessible to hackers. Additionally, Bitstamp insures these funds while using mandatory confirmation emails, 2FA, and SMS alerts to ensure secure accounts. On top of everything mentioned, the site also utilizes PGP to encrypt all uploaded files, keeping them private and secure

Paxful works as a peer-to-peer Bitcoin trading platform. Established in 2014, the peer-to-peer marketplace allows buyers and sellers to interact by posting trade offers. Users can choose to make purchases using PayPal, MoneyGram, Amazon/iTunes gift cards and many more payment methods.

Funds are held in escrow by Paxful until both parties confirm all components of the transaction.

LocalBitcoins works as a decentralized exchange, facilitating P2P (peer-to-peer) Bitcoin sales by allowing users to list their own buy/sell advertisements. By using the site users can create and list advertisements, communicate with prospective buyers and sellers and confirm all the transaction details before finalizing any trade. Users can either meet in person or trade online. LocalBitcoins allows for private purchases and can be used worldwide; it also allows users to make purchases via a number of different payment methods and doesn’t impose buying or selling limits.

LocalBitcoins has a strong reputation for being reliable and safe to use. Security-enhancing features like two-factor authentication (2FA), Login Guard, support staff, and a feedback-driven reputation system all contribute to the safety and security for users. Also, the fact that all online trades are protected by escrow.

OKCoin is a Chinese-based exchange that was founded in 2013 and is currently one of the more dominant platforms for Bitcoin trading. OKCoin primarily services users from China and the Asian markets but accepts traders from all over the world.

OKCoin integrates bank-level SSL security encryption. In addition, cold storage for the majority of their cryptocurrency, GSLB and distributed servers, and real-time account monitoring of deposits and withdrawals.

Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card. All this is done through a convenient and clean user-interface and a quick registration via email or social media account. Changelly’s conversion mechanism is integrated into some of the biggest cryptocurrency platforms such as Poloniex, Bittrex, and Binance. There are no geographical restrictions to the service that Changelly provides, so it can be accessed from anywhere in the world.

Changelly offers two-factor authentication and an HTTPS security protocol. No user funds are stored by Changelly as all coins sent are processed to be exchanged and transferred to user wallets.