Coinbase
Coinbase is the world’s largest Bitcoin broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe (besides Germany), UK, Singapore, Canada, and Australia.
Customers in the above-mentioned countries can purchase bitcoins by credit card, debit card, bank transfer, SEPA transfer, and more.
PROS
- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- “Instant Buy” option available with credit card or debit card
CONS
- Purchases made with bank transfer can take up to 5 days to complete
- Coinbase may track how and where you spend your bitcoins
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GDAX
Coinbase’s exchange, GDAX, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. GDAX offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.
PROS
- Some of the lowest fees available for US and EU customers
- Possible to buy bitcoins for 0% fees
CONS
- User interface is confusing for first time buyers
- Sending bitcoins directly from GDAX to any legally-questionable site may result in closure of your account
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