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Best Platforms for Buying Crypto in 2019

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The cryptocurrency trading market is a volatile place at the best of times, with even some of the most reputable platforms being known to change the T&Cs overnight. People looking to buy Bitcoin have been saddled with delayed transactions or even having their transactions cancelled by a platform without any prior warning or explanation.

Recent disasters such as the death of the founder of the currency exchange QuadrigaCX, which locked out $135 million worth of crypto, has left the community scrambling for trusted and secure methods with which to buy and sell their e-currency. Here are the best platforms for buying crypto in 2019. 

Binance 

This handy mobile exchange has been regularly topping the rankings as one of the best exchange platforms around since it first launched a couple of years back. Binance has quickly emerged as one of the most popular exchanges around, thanks to the huge variety of currencies that can be bought and sold on it, as well as the shockingly low trading fees. The security features are top-notch and customer service is good, with a dedicated 24/5 helpline and live chat feature that users can access for free. It doesn’t get much better than this. 

PayPal 

While you can’t sell your Bitcoins via PayPal, the world’s largest digital payment platform is still one of the best options around for buying cryptocurrency of almost any type. Despite a few setbacks a couple of years ago, you can now use it to safely, securely, and instantly buy e-currencies without having to put up with extortionate trading fees. PayPal’s commitment to instant transactions and top-notch security is what made it popular with a huge variety of vendors, including online sports betting sites. Authoritative betting review sites like have long listed an acceptance of PayPal payments as being key to customer satisfaction, so it’s a relief that you can now reliably buy bitcoin and other currencies via the platform.  

CEX

If you’re looking to buy cryptocurrencies with a credit or debit card, CEX is by far the best option in 2019. The UK-based platform accepts all major cards, including VISA, Mastercard, American Express, and Discover, charging a small fee of 3.5% plus 25p per transaction, putting this platform firmly at the lower end of the scale. Its verification process for new users is mysterious but well-regarded, given that most users are given the OK within just a couple of hours. Limits are pretty generous, with a minimum buy of 0.1 BTC per day and a maximum buy of 10 BTC. It also operates in the vast majority of countries and territories worldwide, although those located in the Middle East or Africa who are looking to buy are out of luck here. 

It may come as no surprise that the best and most-trusted platforms for buying crypto are also the largest on the market. Smaller platforms are best avoided in 2019, as they are simply too vulnerable to disruption. 

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Bitcoin (BTC) Price Weekly Forecast: Slow And Steady Increase Likely

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  • There was a downside correction from the $10,954 swing high in bitcoin price against the US Dollar.
  • The price is holding the $10,000 support and it could bounce back in the near term.
  • There is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The price could dip in the short term before it starts a fresh increase above $10,500 in the near term.

Bitcoin price is showing positive signs above $10,000 against the US Dollar. BTC could rise steadily as long as there is no close below the $10,000 support area.

Bitcoin Price Weekly Analysis (BTC)

In the last weekly forecast, we saw bitcoin price holding the key $10,000 support area against the US Dollar. The BTC/USD pair climbed higher and traded above the $10,000 resistance area. Moreover, there was a break above the $10,800 level and the 100 simple moving average (4-hours). However, the price failed to continue higher and topped below the $11,000 resistance.

A swing high was formed near $10,954 and recently the price started a fresh decline. It broke the key $10,500 support area and the 100 SMA. Moreover, the price spiked below the $10,000 support area. Finally, a swing low was formed near $9,903 and the price is currently correcting higher. It broke the 23.6% Fib retracement level of the last decline from the $10,954 high to $9,903 low.

However, the upward move is facing hurdles near the $10,400 and $10,500 levels. Additionally, the price is also struggling to climb above the 50% Fib retracement level of the last decline from the $10,954 high to $9,903 low. If there is a break above the $10,450 and $10,500 levels, the price could continue to rise. The next key resistance is near the $10,800 level.

On the downside, there are many supports near the $10,100 and $10,000 levels. Additionally, there is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair. If there is a downside break below the trend line and the $10,000 support, the price could resume its decline.

Bitcoin Price Weekly Analysis (BTC) Chart

Looking at the chart, bitcoin price seems to be consolidating in a contracting range below the $10,500 resistance. It might soon break the $10,500 resistance and continue higher. Conversely, a downside break below $10,000 could start a strong decline in the coming sessions.

Technical indicators

4 hours MACD – The MACD for BTC/USD is slowly moving back into the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently stable above the 50 level.

Major Support Level – $10,000

Major Resistance Level – $10,500

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Bitcoin Price Stays Over $10K as Trader Warns Ethereum Chart Is ‘Ugly’

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Bitcoin (BTC) price was consolidating $10,000 support on Aug. 23 after successfully shunning four figures during the day’s trading.

Market visualization

Market visualization. Source: Coin360

Bitcoin delivers firm bounce off $10K

Data from Coin360 show a newly strengthened Bitcoin managing to stay above the $10,000 marker, which it had crossed four times over the course of the week. 

Currently in the upper end of a $300 trading corridor, BTC/USD circled $10,200 at press time, as analysts considered the opportunities ahead for fresh gains and less bearish volatility. 

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

“The trend toward stability, an essential ingredient in a median of exchange, is accelerating Bitcoin’s advancement as a digital form of gold,” Bloomberg quoted its own Intelligence analyst, Mike McGlone, as saying on Thursday.

Sentiment had waned earlier after Bitcoin appeared to be heading broadly lower. Analysts voiced concern about support, arguing a further loss could trigger dives to as low as $7,000.

“In the short term, I’m a little bit cautious,” CNBC’s active Bitcoin bug Brian Kelly told the network on Friday. He added that at future lower levels, the buying opportunity for BTC accumulators was unparalleled.

“When people start saying ‘Is Bitcoin dead again?’ — that’s when I get real bullish,” he added.

Altcoins rally but Ether worries loom large

A Bitcoin breakdown was also still on cards for regular commentator Josh Rager, but for the short term, it was top altcoin Ether (ETH) which presented more worries.

Heading a troubled altcoin market, ETH had circled multi-year lows against BTC before rising above 0.019 on Thursday. For Rager, however, the general trend is down, and he advised not to buy under current conditions.

“If BTC breaks down to $8ks, ETH will follow with a break under $150,” he summarized in a fresh update.

“ETH chart is ugly,” he added.

ETH/BTC briefly outperformed BTC/USD in daily progress Friday, rising 3.7% to $192 against the latter’s 2.8% gains. 

Ether 7-day price chart

Ether 7-day price chart. Source: Coin360

Other altcoins in the top twenty meanwhile delivered even stronger performances, such as Bitcoin Cash (BCH) on 5.35% and EOS (EOS) on 6.8% daily gains. 

The overall cryptocurrency market cap also staged a recovery versus Thursday, rising to $266 billion. Bitcoin’s share dipped slightly to 68.4%.

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Crypto Inflation Figures Show Why Bitcoin is King Above Others Like ZEC and XRP

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The high inflation figures for altcoins like ZCash (ZEC) and XRP are providing yet another basis for the “bitcoin is king” argument.


Indiscriminate Dumping Hurting Altcoin Value

Tweeting on Friday (September 13, 2019), economic and crypto analyst, Alex Krüger highlighted the relationship between high inflation figures and poor price performance for certain altcoins.

Krüger’s tweet was based on figures published ViewBase — a platform that provides information on ‘coin’ dumps.

Whether by fixed or fluctuating schedules, altcoins like ZEC and XRP are showing significantly higher inflation figures. ZEC, for example, currently has an annualized inflation rate of more than 35%.

More than 7,000 ZEC tokens are ‘minted’ per day. This figure amounts to about 0.098% dilution of the circulating supply, much higher than cryptos with daily coin additions via mining.

Earlier in the year, Zcsh disclosed an inflation bug that was capable of creating an infinite number of tokens.

On the fixed inflation end of the spectrum, Ripple releases 1 billion XRP every quarter. XRP has an annualized inflation of close to 30%.

As previously reported by Bitcoinist, some XRP proponents have expressed displeasure with the constant dumping of the token by Ripple.

Earlier in the week, the company transferred 100 million XRP (about $26 million) to former CTO Jed McCaleb sparking fears of more sell-offs.

Bitcoin is Separate from the Rest

For bitcoin, the situation is completely different, with the top-ranked cryptocurrency sporting an inflation rate of 3.97%.

After the 2020 halving, this figure will be cut in half taking bitcoin’s inflation even lower than the current Federal Reserve interest rate.

Compared to bitcoin’s lean inflation figures, altcoins like ZEC and XRP seem like penny stocks whose value is constantly declining.

Bitcoin is up more than 170% since the start of the year while ZEC and XRP have moved over 25% in the opposite direction.

Together, XRP and ZEC are among some of the worst-performing cryptos of 2019. Altcoins, in general, have endured a miserable 2019, continuing the pains for bag holders from 2018’s bear market.

Meanwhile, commentators are calling a new all-time high (ATH) for bitcoin before the end of 2019. The emerging consensus is that the price action for the top-ranked crypto has entered another zone of parabolic advance.

Thus, a move for BTC towards its previous ATH would mean a further leg-up that could go as high as $30,000 in 2021.

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