When it comes to buying Bitcoin, there are plenty of options out there but the most popular is Coinbase Exchange.
But when it comes to buying Bitcoin in your home country’s fiat currency, the options become fewer and fewer.
When most people think of buying Bitcoin using fiat currency, they think about Coinbase.
For those of you who don’t know Coinbase Exchange, here is a quick intro:
- Coinbase is a US-based exchange. It the world’s most popular exchange to buy and sell Bitcoin, Ethereum, and Litecoin. They also support the instant purchase of these currencies via Visa/MasterCard credit and debit cards.
It seems absurd that buying Bitcoin – something famous for its open, borderless, and decentralized nature – would be restricted because of where you are trying to buy it.
Coinbase has said they’re trying to expand operations to 168 countries, but I doubt that.
Why do I doubt that? Because Coinbase became the first exchange to be valued over $1 billion, and they recently raised $100 million. Even before this funding, Coinbase was already heavily funded, so if they wanted to expand support for 168 countries, they would’ve started by now.
Moreover, I think Coinbase is more like a bank because of their high fees, limited accessibility, and their recent stance on Bitcoin Cash.
Considering all these facts, there are several Coinbase alternatives out there which will help you get your hands on some Bitcoin.