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What's the Best Exchange to Buy Bitcoin in the US for Long-Term Cold Storage?
492 sats \ 17 comments \ @teemupleb 4 Sep 2024 bitcoin
What do you think is the best exchange to buy bitcoin in the United States?
Not for trading but for long-term cold storage.
With regards to fees, user experience, features etc.?
River23.5%
Swan5.9%
Cash App5.9%
Kraken11.8%
Coinbase11.8%
Other41.2%
17 votes \ poll ended
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82 sats \ 0 replies \ @south_korea_ln 4 Sep 2024
Unpopular opinion: Kraken is not too bad because you can withdraw for free to cold storage using the LN. You have to use the Pro version of the website to avoid a large spread on the spot price if i recall well.
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31 sats \ 2 replies \ @0xbitcoiner 4 Sep 2024
Why leave your bitcoins on exchange ? Nor your keys, not your coins.
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52 sats \ 1 reply \ @teemupleb OP 4 Sep 2024
The exchange is only used for buying, and the coins will be immediately withdrawn to cold-storage (just realized I wasn't very clear in the original post.. oh well)
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0 sats \ 0 replies \ @0xbitcoiner 4 Sep 2024
My English isn't very good, so I may have misunderstood.
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42 sats \ 2 replies \ @bitalion 4 Sep 2024
I recommend https://hodlhodl.com it is a p2p bitcoin exchange without KYC, you may find some lnp2p telegram community a bitcoin lightning buying and selling bot without kyc
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21 sats \ 1 reply \ @teemupleb OP 4 Sep 2024
Thanks for the recommendations.
But is it easy for a beginner to buy with some “size” on Hodl Hodl or lnp2p (goal is to get 1 BTC in 10 days). KYC is not a big problem (asking for a friend obviously).
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0 sats \ 0 replies \ @bitalion 4 Sep 2024
I think it is a very large volume for such a short time; but if you can acquire a good part
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21 sats \ 0 replies \ @teemupleb OP 4 Sep 2024
After some research, it seems that River and Swan have some nice fee promotions, and they're Bitcoin-only brokers.
Swan: zero fees until you buy up to $10,000
River: zero fees when setting up recurring buys
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21 sats \ 1 reply \ @konstantin21 5 Sep 2024
weird to not have strike on there
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21 sats \ 0 replies \ @teemupleb OP 5 Sep 2024
True. I forgot it from the options!
After a little research, it seems like the best option for beginners, also because of its Lightning plus fiat/fintech capabilities.
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0 sats \ 0 replies \ @Satoshi__Nakamoto 4 Sep 2024
Coin base my favorite one
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0 sats \ 3 replies \ @TheWildHustle 4 Sep 2024
Robosats or Bisq
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21 sats \ 2 replies \ @teemupleb OP 4 Sep 2024
Good ones, but unfortunately neither is very beginner-friendly.
Haven't tried Bisq 2 yet though.
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42 sats \ 1 reply \ @TheWildHustle 4 Sep 2024
Cash app is already on a lot of peoples phones, and it pairs with the bitkey well.
I think Strike has better spreads and more bitcoin centric features.
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21 sats \ 0 replies \ @teemupleb OP 4 Sep 2024
Regarding additional features, Strike also lets you send fiat on the Lightning Network (although in a custodial and regulated way).
Could be useful for those who don’t want to report all Lightning spends as taxable events to the IRS and still stay compliant.
For some, it could be like an all-in-one app: stack BTC to cold storage, but top up some fiat and split bills with friends etc.
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0 sats \ 0 replies \ @senf 5 Sep 2024
No Strike. 😢
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0 sats \ 0 replies \ @Bitcoiner1 4 Sep 2024
Lnp2pbot
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