If you’re looking to buy bitcoin or any other kind of cryptocurrency in Hawaii, you’ll want to know about the best exchanges to do so. In this blog post, we’ll recommend a few of our favorite exchanges and tell you why they’re the best options for Hawaiians. So if you’re ready to start investing in digital currencies, keep reading!
List of 10 Best Exchanges to Buy Bitcoin & Crypto in Hawaii
If you’re looking to invest in digital assets, these are the exchanges where you’ll find the most reliable and transparent options. Here’s a list of the top 10 best exchanges to buy Bitcoin and Crypto in Hawaii.
1. CEX.IO
CEX.IO, a cryptocurrency exchange platform established in 2013, allows you to sell and buy bitcoins and store them in your bank account. This allows individuals to transact fiat-to crypto using card payments or bank transfers to clients.
This platform offers a variety of trading tools to both novice and advanced traders for various crypto assets like Bitcoin, Ethereum, and many others. These crypto-assets are then able to be traded to fiat money like USD, EUR, and GBP. CEX.IO Broker is a margin trading platform that allows you to trade commission-free.
Clients can trade through the company’s website, mobile apps, WebSocket, and rest API.
Pros
- Has good security
- A simple and intuitive interface
- Unlimited withdrawals
- Cex.io App available for iOS and Android
- Various payment methods
Cons
- High fees
- Extensive verification process
Features
- Desktop Version
The platform’s interface is simple and intuitive, making it easy for novice and experienced traders.
You can use it to access different trade tools, analytics and real-time notifications about orders being executed and canceled. It also offers customizable price alerts, and it is easy to buy, sell and exchange crypto.
- Mobile Application
This platform provides mobile apps for Android and iOS users. The CEX.IO mobile app offers the same functions and allows users to trade cryptocurrency on the move.
You can also set an alarm to be notified when the price of the cryptocurrency that you wish to trade reaches the desired value. You can also reach out to the support team via multiple channels 24/7 for any questions or concerns.
2. OkCoin
OkCoin the world’s most popular digital asset exchange, offers attractive value to users and has exceptional transparency, security, and professionalism.
The exchange has offices worldwide in San Francisco and Hong Kong.
OkCoin allows deposits to be made in USD, EUR and SGD
Pros
- High liquidity
- Trades on Margin and Futures markets
- Affordable and Competitive
- Advanced trading platform
- Fiat currency deposits and withdrawals
Cons
- Requires verification for withdrawals
- A limited selection of crypto assets
Features
- OKCoin is one of the most stable and advanced trading platforms available for trading Bitcoin and other cryptocurrencies. Web-based, the trading platform is designed for professionals but is easy enough to use for beginners. A full-screen chart is available on the platform.
- All the technical indicators and trading tools are available for detailed technical analysis. The website and platform are responsive and easy to use. It is easy to use, and both novice and experienced traders can benefit from the platform and all its trading options.
3. Kraken
Kraken is one of the largest Bitcoin exchanges in the world, offers a wide range of cryptocurrencies as well as internationally accepted funding methods.
Kraken Pro offers institutional and individual investors advanced charting and trading tools.
Kraken takes deposits in USD and EUR.
Pros
- Respectable reputation
- Global support
- Reliable customer support
- Tiered verification
- Affordable fees
Cons
- Few payment methods
- Sophisticated UI
Features
Advanced users can trade with Kraken, which offers more complicated trading. You can trade on crypto at a low margin, which is riskier but could potentially yield higher returns. Futures trading is also available on some cryptocurrencies. Margin fees can vary depending on cryptocurrency. They start at 0.02% to open an account, and a rollover fee is 0.02% per hour that the position remains open.
4. Gemini
Gemini is an easy, secure, and elegant way to build your crypto and bitcoin portfolio. Gemini is low-cost and has a solid reputation.
Investors can view a snapshot from their holdings by logging in to the dashboard.
Gemini allows deposits to be made in USD, AUD and CAD.
Pros
- Ability set market limit orders
- Low fees
- Clean user interface
- Strong reputation
- Great customer support
Cons
- Only available to a select number of countries
Features
- Peer-to-peer trading: Gemini facilitates direct trading between buyers/sellers through the Gemini Clearing portal. There are no minimum order sizes and the spread is included in the fees.
- A platform for desktop users: Gemini Basic is a simple interface that allows you to buy cryptocurrency based on how much crypto or dollars you wish to spend.
- Gemini’s ActiveTrader platform offers more features, including advanced charting and tracking multiple order types. It also allows for block trading.
5. Bittrex
Bittrex is the most popular cryptocurrency trading platforms, serves customers worldwide.
Bittrex accepts USD deposits for fiat trading.
Pros
- Highly secure
- Excellent cryptocurrency selection
- Low fees
- Advanced trading tools
- Educational content
Cons
- Mediocre customer support
- Challenging for beginners
Features
Bittrex offers several order types, including stop orders and limit orders, advanced charting tools, and live order books. This exchange is ideal for experienced traders who want to invest in crypto.
Read Also:
15 Best Crypto Exchanges to Buy Bitcoin in California
Top 10 Best Peer-to-Peer Crypto Exchanges In Australia
6. Bitsquare
Bitsquare allows users to trade and buy bitcoins, and exchange them for fiat currencies.
Bitsquare is the best bitcoin trading platform, especially if your trader security is important to you.
Bitsquare customers can purchase and sell bitcoin using all fiat currencies.
Pros
- No approval is needed from the central authority
- Wide range of fiat currencies and cryptocurrencies
- Arbitrators 24/7
- Rock-solid customer support
- Improved privacy and safety of your funds
Cons
- Higher fees
- Still growing
- Require more partners
Features
- No Identity Verification
You can get started in minutes. You don’t need to wait for approval by a central authority.
- Decentralized
Trading is done on a global P2P network consisting of users running Bisq on their machines.
- Safe
Bisq does not hold your funds. Safe and successful trades can be encouraged by deposits in multisig wallets 2-of-2.
- Private
Your data is kept on disk locally and never transmitted to a central server. Each Bisq node provides Tor hidden services by default.
- Open
Code is an open-source project. Project strategy can be discussed on Keybase or GitHub.
- Simple to Use
Make your first trade in less than 10 minutes with
- The Bisq DAO
A decentralized governance system for a decentralized currency exchange built on top of Bitcoin.
7. Paxful
Paxful is a peer-to-peer exchange platform, that was created in 2015 by developers who wanted to make Bitcoin easier to access. This platform allows buyers and sellers to transact directly via a direct exchange.
The buyer deposits cash via Paxful’s payment options such as Gift Card Code, Prepaid VISA, Western Union, and Gift Card Code to the seller’s bank account. After the seller confirms that funds have been received from Paxful’s Escrow Service, they will release Bitcoins directly to the buyer. Sellers are able to accept more than 300 payment methods and can also accept international buyers up to 85%.
Paxful’s platform is accessible worldwide, and there is a $10 minimum purchase requirement. Paxful is a better alternative to centralized exchanges because users don’t need to create a username and password to access the marketplace, and they only need their email addresses.
If you live in a country that prohibits or makes it difficult to access centralized cryptocurrency exchange platforms, Paxful could be the right solution. You can access it from anywhere you have internet access.
Pros
- Escrow System
- Security
- Diverse payment methods
- Simple user interface (UI)
- Large selection of sellers
Cons
- Sellers and buyers are at risk of being conned
Features
- BitGo provides the Paxful wallet. It supports multisig wallets, and this gives users an additional security option. The peer-to-peer exchange comes with an escrow that holds the bitcoins until the parties are satisfied.
- Paxful offers a rating system to buyers and sellers that encourages good behavior and fosters trust in the trading environment. The escrow service solves the problem of trust between platform users, and however, the rating system allows users to identify trusted actors easily.
- Paxful’s trading interface makes it very simple to use. Access to both a mobile and a desktop trading platform is available through Paxful.
- To place a bid, or request an order from a seller or buyer to start a trade, click on “New Order” and follow the instructions. This platform allows sellers to create advertisements and attract more buyers by listing their crypto offerings on Paxful’s Facebook Page or posting them on the platform’s Instagram.
8. LocalBitcoins
LocalBitcoins was a pioneer in peer-to-peer crypto trading. Unfortunately, most traders don’t find it suitable. It allows people to post classified ads that offer Bitcoin (BTC) for sale or purchase. It’s a wonderful idea, but it can be difficult to use and is not available in all 50 states.
LocalBitcoins allows vendors to make offers in all currencies.
Pros
- Peer-to-peer Bitcoin purchases
- No selling or buying fees
- A wide range of payment options
- Reputation system
Cons
- Unavailable in most states
- Scams
- Asks for private information
- Offers Bitcoin
- Limited Features
Features
- Quick Offers – Want to purchase bitcoins quickly? The application platform allows you to find the best deal immediately. It has advanced fields for different denominations of fiat currency and filters that allow you to find the offer you are looking for. This eliminates all the hassle and time spent searching for details.
- LocalBitcoins offers quick sales – You can sell bitcoins immediately and then convert them into money for your business. These business-focused platforms make it easier to enter and exit a cryptocurrency.
- Deal Arrangements – Want to make advanced deals with other businesspeople over the platform? LocalBitcoins makes it easy to advertise a deal, sale or other type of trade.
- Platform Agnosticism- LocalBitcoins – This web-based platform is powered by a comprehensive website. These trades can be conducted on any device with a web interface compliant with W3C standards. Although a web interface may not be ideal, it will ensure that you have a single-stop implementation. This means that your multi-platform environment is 100% compatible with this application.
- It’s easy to use – If you have experience with standard trading platforms, you will already be familiar with most of the concepts and conventions used by this system. LocalBitcoins does not have a learning curve. This means that you can immediately start trading. This is the benchmark for exchange platforms. Because there are no learning or entry barriers, business-savvy professionals can trade and sell on a foreign platform.
- Secure – Blockchain is an extremely secure investment because it is unalterable, immutable, invulnerable to theft, and resistant to counterfeiting. This application is secure and anonymous. It also adds SSL security, which ensures that transactions are safe.
9. Crypto.com
Crypto.com is a digital asset trading platform that provides a variety of cryptocurrency products and services, is known as Crypto.com. Their crypto app is very popular, and it allows you to buy, trade, borrow cash, and even pay your bills with crypto. Crypto.com’s native digital token coin (CRO) has high liquidity, which results in low fees for trading crypto coins against fiat or stablecoins. It is easy to use and intuitively designed for mobile users.
Pros
- Large range of crypto assets.
- If you fund your account using cash transfers, fees are lower.
Cons
- Credit and debit card purchases have high fees.
- Services not available in the U.S.
- No cryptocurrency-to-crypto trading.
Features
- Minimum trade
Crypto.com’s minimum trade limits vary depending on the cryptocurrency traded. The minimum trade limit for Bitcoin (the most valuable cryptocurrency) is adjusted by Crypto.com regularly in order to maintain it at $1.
- Transaction fees and trading
How you fund your account will determine how much Crypto.com costs. NerdWallet has found that the fee for debit or credit card transactions is 2.99%, and this is the highest fee structure on crypto exchanges.
However, you can avoid these fees by transferring money to your account via ACH.
If you wish to withdraw cryptocurrency from the platform, you will also have to pay a fee. The type of cryptocurrency you are using will determine the fee, and the fee for Bitcoin is 0.0004 BTC.
- Numbers of cryptocurrencies
Crypto.com offers 180 cryptocurrencies to U.S. customers, and this is the most we have seen on any exchange reviewed by NerdWallet. Crypto.com is different than other exchanges, and you must purchase cryptocurrency using fiat currency, such as U.S. Dollars.
- Crypto to-crypto trading pairs
Crypto.com does not allow U.S. customers to trade crypto assets, and instead, there must be fiat currency at one end of each sale. Crypto.com’s DeFi Wallet app offers advanced users the ability to swap certain tokens.
10. Abra
Abra allows trading on over 100 cryptocurrencies including bitcoin, ethereum and litecoin. Although crypto access is different for different countries, Abra provides this resource to help you understand the limitations.
Abra also offers mobile wallet storage. After setting up your wallet, you will receive a digital recovery code. Abra allows investors full control of their assets, and Abra ensures that only authorized users have access to the recovery phase for the mobile wallet.
Pros
- Trade 100+ cryptocurrencies without fees (except spread fee)
- You can borrow against crypto holdings with payback interest rates ranging from 0% to 9.5%
- Earn up to 8% interest in crypto or USD stablecoins
- Support for 150+ countries, with 50+ fiat currencies
Cons
- High fees on Visa and Mastercard transactions
- Limited transparency regarding the exchange spread rates
Features
- Abra supports 200 cryptocurrencies. However, cryptocurrency availability varies across the globe (US users can access only 90+ cryptocurrencies).
- 40+ Fiat Currencies Supported: Abra bitcoin wallet supports USD and GBP, EUR. JPY, SGD. CAD. HKD. AUD.
- Abra offers ‘free’ currency transfers: Money can be transferred between currencies using Abra. There is no flat-rate fee or fixed percentage charge for any trade. Abra still earns money by spreading the spread, and the spread is displayed in the app before making the swap.
- Mobile App: Abra, a free app for iOS and Android is available. There is no desktop or web version.
- Abra is simple to use: Abra’s interface makes investing and trading crypto easy. Its easy-to-use interface has been repeatedly praised.
- Stablecoin Deposit and Withdrawal Options. Abra has recently begun supporting new stablecoin withdrawal and deposit options such as Tether, Paxos and TrueUSD.
- Other Assets: Abra, like Robinhood, lets you trade stocks, bonds and ETFs from one app. You can also buy and sell cryptocurrency.
Conclusion
These 10 best exchanges to buy bitcoin & crypto in Hawaii offer the best opportunities to buy bitcoin and other cryptocurrencies in Hawaii. These platforms offer a wide range of features and opportunities, whether you are a beginner or an expert trader.
About Author
- I’m a firm believer that information is the key to financial freedom. On Coindecimal Blog, I write about personal finance and crypto.
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