This how to buy Bitcoin guide helps you review and compare the top Bitcoin trading platforms to decide where to buy BTC:
The best place to buy Bitcoin allows you to use locally available and preferred payment methods like credit cards, bank accounts, and online payment methods. The trading platform should be easy to use, available 24/7, and it should be quick to deposit and withdraw your BTC to and from it. Most important, it should not charge exorbitant fees.
Bitcoin has huge monetary value and is in high demand, so you should use secure platforms that are safe to purchase from and store the cryptocurrency in. Otherwise, you could lose your password and private keys to hackers, who can then steal the cryptocurrency.
This tutorial presents information on how to purchase Bitcoin and offers a detailed review of 11 places where to buy Bitcoin at low fees, securely, and quickly.
Table of Contents:
How to Buy Bitcoin
Consider the following points to understand the best way to buy Bitcoin:
#1) Identify a Bitcoin trading platform: The first step starts with identifying the best Bitcoin trading platform with which you can open an account or wallet to keep Bitcoins. It is recommended to open a wallet with a trading platform because then you do not have to own multiple wallets or accounts and keep sending Bitcoins from one place to another.
Please look at our review below of the best places to buy Bitcoin and create a wallet with those platforms. With most platforms, creating an account is synonymous with creating a wallet. Check from your account features if the wallet is provided after sign up. It should be in most cases. If it is so, all you need is to generate a wallet address where you can send the Bitcoins after buying.
#2) Creating a Bitcoin wallet: In case you need to create a wallet address separate from the trading platforms, for instance, with a hardware device, there is a detailed guideline on the best Bitcoin wallets including hardware wallets you can use. Most of the wallets are software on platforms where you need to create an account and own a wallet. Otherwise, if it is a hardware wallet, simply buy it and proceed with setup.
If provided by the platform, remember to back up your wallet, write and save the recovery passphrase, or save the private keys offline. This ensures you can restore the wallet in case something happens with the account.
#3) Connect fiat source: We assume you want to buy BTC with your local currency, such as USD or Euro. For those who ask how to purchase Bitcoin with other local currencies and locally available payment methods, peer-to-peer platforms like Bisq and Paxful will be helpful.
The platforms we have reviewed below allow you to connect your bank, Visa, Web Money, PayPal, credit card accounts, and other money sources to pay for Bitcoins.
#4) Buy the Bitcoin: Bitcoin trading platforms vary in the manner of operation. Some like Paxful allow you to buy directly from other peers. In that case, you find different customers who post sell orders on the platform. Identify a sell order at the lowest price. Ensure that the person who posted the order adheres to your buying terms such as allowing you to pay with your preferred payment method.
Further reading =>> 16 Proven methods to get Bitcoins for FREE
Peer-to-peer platforms also allow you to post a buy order to other peers. Here, you must wait for a seller to contact you to sell BTC as per your buy order terms.
Other centralized crypto exchanges like Coinbase simply post buy orders in a combined order book. In that case, you must deposit money into your account first. Once it is reflected in the balance, check the order book and from a BTC sell order, fill in the amount of BTC you need to buy and proceed to buy. A click on the buy button will be enough if your account balance is enough.
Some of these platforms have additional investing services for those asking how to invest in Bitcoin. For instance, some allow you to lend or stake the bought BTC and earn interest. Others allow you to pile BTC in your wallet. Ensure if it is a secure platform.
Other platforms like Bitcoin.org allow you to purchase from the website. For these, you do not start by creating an account or connecting the money source. This happens in the process of buying BTC. However, have a BTC wallet where the BTC will be sent.
Visit the website, fill in the amount of BTC you want to buy, and the wallet address, and proceed as per instructions. You will create an account with a third-party selling platform, connect the money source, and make payments. The BTC is sent to the wallet after the payment is confirmed.
Market Trends:
- Bitcoin was trading at a price of nearly $60,000 in April, the highest price ever. It is the largest crypto network and most adopted crypto in the world. This represents thousands of percentage surge in price since 2018 when the price of 1 BTC was only $6000.
- More than half of those who invest in crypto do it as a source of income. Other top reasons for investing include short- and long-term investment opportunities, distrust in current financial systems, and 65 percent of all crypto users own BTC.
- Bitcoin and cryptocurrency appear to be the future of money and payments. There are over 5000 places including websites, mobile apps, and platforms where you can buy Bitcoin and other cryptocurrencies.
The below image shows the Bitcoin price movement since 2013:
Expert Advice:
- Long-term investment in BTC appears to bear more profits than short-term investing.
- Using secure trading platforms ensures you do not lose crypto to scammers and hackers.
- BTC buying and trading fees vary from one exchange and platform to another. Consider easy-to-use trading platforms that support your preferred and available payment methods that do not have high charges.
List of Best Places To Buy Bitcoin
Below is a list of popular and best Bitcoin trading platforms:
- Uphold
- Zengo
- eToro
- SimpleSwap
- Crypto.com
- Binance
- CoinSmart
- Coinmama
- Swapzone
- WhiteBIT
- Bitcoin.org
- Coinbase
- Bitcoin.com
- Gemini
- Paxful
- SoFi
- Bisq
- BlockFi
- Bitstamp
Comparing the Top Bitcoin Trading Platforms
| Name of tool | Minimum amount | Price/fee | Rating |
|---|---|---|---|
| Uphold | $10 | Spreads of between 0.8 to 2% less |  |
| Zengo | Between $1 and $100 depending on payment method. | 0.1% to 3% depending on method (0% for buying with crypto). Credit and debit card purchases incur up to 4% in additional fees. | |
| eToro | $10 for USA and UK , $50 for other countries. | 1% fee for buying or selling crypto assets. | |
| SimpleSwap | — | Fixed 0.5% fee |  |
| Crypto.com | $1 | 2.99% via credit card. Free ACH and wire transfers. Using other cryptos — from 0.4% maker and taker for Level 1 ($0 – $25,000 trading volume) to 0.04% maker and 0.1% taker fees for Level 9 ($200,000,001 and above trading volume). | |
| Binance | $10 | Varies according to user categorization. Varies from 0.0600% maker and 0.0600% taker fee for the 30-day trading volume of below 50 BTC. | |
| CoinSmart | $100 | 0.20% fees for a single trade and 0.30% for double trade. | |
| Coinmama | $10 | 5.5 percent per transaction. |  |
| Swapzone | None. | Spreads which vary from crypto to crypto. Mining fees also apply | |
| WhiteBIT | 0.0005 BTC or equivalents. | Up to 4% deposit fees for credit and debit cards (3% for RUB; 0,7% for UAH; 2.7% and 4.5% others, depending on the fiat currency). Margin trading fee – 0.098%. Withdrawal fees are 0.7%-4%. | |
| Bitcoin.org | $10 | A flat fee of $4.99 + 3.5% for purchases of $141 and 7% for purchases above $141 | |
| Coinbase | $10 | $0.99 for transactions less than $10; $1.49 for transactions above $25; $1.99 for transactions $50; $2.99 for transactions above $200. | |
| Bitcoin.com | $10 | $0.99 for transactions less than $10; $1.49 for transactions above $25; $1.99 for transactions $50; $2.99 for transactions above $200. | |
| Gemini | 0.00001 Bitcoin worth of USD | 0.5% – 3.99% depending on payment method and platform. Up to 1.49% depending on trading platform; 3.49% for debit card purchases. | |
Review of trading platforms:
#1) Uphold
Buying Bitcoin from Uphold follows almost the same steps as with most other exchanges. A user will need to register and verify an account with the exchange using email and other personal details, link a bank account/debit/credit card through which to deposit fiat to spend to buy BTC (a user can still deposit other cryptos and spend them to buy BTC), then follow the other steps to buy Bitcoin.
Uphold works on Android and iOS and on web apps and can therefore work in an on-the-go trading mode. You can also withdraw Bitcoin as cash to a bank account if you need to or buy Bitcoin using other methods on the exchange — for instance, you can convert metals, commodities, and stocks although the latter is not available in the U.S. and Europe.
Verdict: Uphold lets you trade seamlessly across different assets all at a lower cost compared to some popular options out there. It also lets you trade Bitcoin on the spot market as well as using advanced trade orders.
Trading Fees: Spread of between 0.8 to 1.2% on BTC and ETH in the US and Europe, otherwise mostly 1.8% for other parts. The withdrawal fee to the bank account is $3.99. API fees vary.
Account minimum: $10
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong – Uphold Card is Issued by Optimus Cards UK Limited, a principal member of Mastercard and authorized by the FCA.
#2) Zengo
Zengo allows you to buy Bitcoin and 120+ cryptocurrencies using several payment methods such as bank wire, credit card, debit card, Apple Pay, and Google Pay.
There is no minimum to deposit.
The minimum to buy with Zengo depends on the fiat or crypto payment method. For credit cards, debit cards, Banxa, and Apple Pay, the minimum is $30 or the currency equivalent.
After buying Bitcoin on Zengo, you can swap and sell it. The wallet is also secure for storing crypto for a long time since it is non-custodial.
Zengo Pro: While Zengo Essentials continues to be offered for free, upgrading to Zengo Pro unlocks a suite of premium security features for as low as $16.67 a month.
- Legacy Transfer: Grant beneficiary access to your digital assets in case of death or prolonged absence with a feature inspired by traditional inheritance systems. This is the market’s first and only self-custodial tool supporting this functionality.
- Asset Withdrawal Protection: Prevent unauthorized withdrawals with 3D FaceLock biometric verification.
- Advanced Web3 Firewall: Real-time risk assessments and alerts that protect you against Web3 attacks.
- Priority 24/7 Support: typically response time of under 3 minutes, supporting 180 languages.
Verdict: Zengo’s crypto wallet wins when it comes to the management of a wallet as it is not only non-custodial but also does not require complicated management of private keys thanks to the MPC technology.
Fees: Bank transfer: Spread + processing + gateway fee is 1.99-2.29%. For credit cards, Spread+processing fee is 3.75% and the gateway fee is 1.99%.
#3) eToro
eToro is renowned worldwide for its innovative social and copy trading features because it allows people with little to no crypto and asset trading skills to copy trading strategies from popular investors.
The social trading community spans more than 20 million investors from 140+ countries around the world. The community can share trading insights, ideas, and strategies, and make trading more interactive.
It allows the buying of Bitcoin and other cryptos with USD, Euro, and other national currencies using a bank account, credit card, debit card, and PayPal.
Features:
- Free demo trading account
- Set automatic recurring deposits.
- Buy and own BTC in the wallet
- Mobile and web apps.
- Detailed charting and trading tools including TradeView integration.
- Copy popular crypto investors.
- Join millions of investors on the world’s largest social investing platform
- Limited time offer: Deposit $100 and get a $10 bonus.
Note: Credit Cards and PayPal are unavailable for FCA and UK users.
Terms Apply. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Past Performance is not an indication of future results.
#4) SimpleSwap
SimpleSwap is a user-friendly cryptocurrency exchange platform that supports a wide range of cryptocurrencies, which also includes Bitcoin. SimpleSwap facilitates the quick and instant exchange of currencies with minimal input. Simply put, you can receive or send Bitcoin in exchange of another coin with just a few clicks on this platform.
SimpleSwap shines because of its intuitive trading interface. The clean and organized interface makes the platform ideal for novice and experienced traders. SimpleSwap also offers an affiliate membership program, which grants trader access to advanced trading tools like the ability to get quick feedback or customize profits.
Verdict: With its support for a broad range of currencies, a user-friendly interface, and the ability to perform instant swaps, SimpleSwap is a reliable cryptocurrency exchange platform you can use as a web service or mobile app to trade Bitcoins.
Price: A fixed 0.5% fee is charged on each transaction.
Account Minimum: NA
#5) Crypto.com
Crypto.com is one of the best places to buy Bitcoin with a credit card, bank account, PayPal, and other methods. The exchange allows you to convert any other crypto to Bitcoin on the spot exchange.
This is in addition to letting you instantly convert Bitcoin and 250+ other cryptos to fiat via the Crypto.com Visa card. You can then pay for goods and services at visa-supported merchant stores or withdraw from ATMs globally.
The exchange also lets you trade Bitcoin perpetual and ordinary futures. You can trade these and others with margins of up to 10x your initial order capital.
Features:
- Convert Bitcoin or stake it to earn rewards of up to 14.5%.
- Hold BTC on the secure wallet.
- Connect to Bitcoin hardware wallets, trading APIs, and external wallets.
Fees: 0.04% to 0.4% maker fees, 0.1% to 0.4% taker fees, plus 2.99% for credit card purchases.
#6) Binance
Binance is a detailed crypto exchange that provides charting, portfolio management, staking, and saving tools. It works for Android, iOS, macOS, Windows, and other PC software.
The platform has its coin used to pay for gas fees and participate in other governance matters.
Users, however, need to verify their identity after registration to buy Bitcoin and many other cryptocurrencies. The exchange allows users to purchase crypto via bank transfer, credit or debit card, or cash. You can also deposit a cryptocurrency to use for buying others or to convert into other cryptos.
Bottom Line/Verdict: This exchange allows anyone to access huge liquidity in crypto regardless of what they want to trade.
Fees: The fee varies depending on user categorization, which is based on their trading history and current wallet balance. It varies from 0.0600% maker and 0.0600% taker fee for the 30-day trading volume of below 50 BTC and up to 0.0120% maker or 0.0240% taker fee for trades equal to or above 150000 BTC.
Account Minimum: $10
Our Ratings: 4/5
#7) CoinSmart
CoinSmart is a cryptocurrency trading platform that will let you trade Bitcoin, Ethereum, Litecoin, Bitcoin Cash, etc. First, you need to create your account and it will get verified instantly.
It allows to access the funds on the same day of deposit. CoinSmart will let you buy and sell digital currencies after verification. Within 5 business days, all Fiat withdrawals will be processed.
CoinSmart supports multiple funding methods. It provides a facility to track trading activities, deposits, and withdrawals.
Verdict: CoinSmart offers a platform for cryptocurrency trading for beginners and experts. It is easy to use and can be accessed by everyone.
Fees: Trading fees will be 0.20% for a single trade and 0.30% for a double trade.
Account Minimum: $100
Our Ratings: 5 Stars
#8) Coinmama
Coinmama website allows users to buy and sell BTC with Visa, MasterCard, Apple Pay, SEPA, and many other methods. It requires user verification through government IDs and photos for anyone to be allowed to buy cryptocurrency. After filling in the details, you then make a payment for the amount of crypto you want to buy.
Crypto will be sent to your wallet after confirmation of payment and wallet address. You can also track the order status from the created account.
Bottom Line/Verdict: It allows instant purchase of BTC. The limit is also high at 30,000 USD when buying with a bank account. It also allows the usage of third-party wallets.
Fees: 5.5 percent per transaction.
Account Minimum: $10
Our Ratings: 4/5
#9) Swapzone
Swapzone allows users to buy and sell Bitcoin for other cryptocurrencies and for fiat national currencies. It acts as an exchange aggregator that facilitates comparing offers sourced from different (currently 15+) exchanges. A user can then choose an offer they want based on the transaction time expected, customer rating, and exchange rates.
The process of buying Bitcoin on Swapzone is very easy – you visit the home page, tap/click the Exchange crypto button to trade Bitcoin for 1000+ other cryptos or the Buy/Sell by fiat to exchange Bitcoin for 20+ fiat national currencies (for instance USD and Euro). You will then need to choose the crypto to send and spend in buying BTC and enter the amount to spend or the amount of BTC to buy.
You then are presented with a list of offers from multiple exchanges that partner with Swapzone. Each of the offers carries a user rating for that exchange (based on previous user feedback on Swapzone and Trustpilot), exchange rate, and expected transaction completion times.
You then proceed to enter the crypto wallet address where the BTC will be sent and the wallet address to which the crypto that you are sending to buy BTC will be refunded if the transaction fails.
You then will be presented with the crypto wallet address where you will need to send the crypto you are spending to buy BTC. Once the transaction is complete, you will receive the BTC in your wallet address provided.
If buying BTC with Fiat, you will select Buy/sell by Fiat on the interface at the homepage. Choose the fiat currency you will send to buy BTC and the amount you need to spend to buy BTC, then choose BTC as the cryptocurrency you will receive.
You will, in the next step, need to enter the wallet address to which the BTC will be sent and an email (optionally) for promotions. Click agreeing to terms and receiving emails if need be and proceed to complete the transaction.
You are presented with offers. Click Buy against an offer of choice and you are directed to a payment page. Enter your details for registration and send payment with the specified payment method. Your BTC is sent when the fiat money transaction is confirmed. It may take time depending on the method of payment – while credit and debit card transactions are nearly instant, bank transactions can take up to three days.
Bottom line/verdict: Swapzone crypto exchange aggregator is one of the best exchanges for trading Bitcoin because it allows you to compare multiple offers from different crypto exchanges.
Fees: Zero percent. Only pay mining fees and spreads.
Account minimum: No minimums
Our rating: 4.8/5
#10) WhiteBIT
WhiteBIT crypto exchange lets traders buy crypto with fiat money such as the Euro and dollar and 10+ other fiat currencies, as well as exchange crypto for others. Traders can also do speculative trading of crypto, lend crypto for passive income, trade crypto futures, contribute to liquidity pools to earn more crypto, and invest in the platform’s token WBT.
Based out of Ukraine, the exchange’s services are available across Europe and hundreds of countries around the world. One of the major advantages it has over other crypto exchanges is its low trading cost (0.1%) as well as high margins for margin traders (up to 20%).
Features:
- Charting tools and advanced order types for advanced traders.
- Android and iOS apps in addition to the web application.
- AML – one must verify the account by uploading documents and photos before doing anything on the site.
- Institutional services and products – brokerage, market making, asset management, token listing, and hedge investment among other services.
- Trading APIs for MT4, 5, and other platforms.
- Regular audits and compliance checks – service meets various international standards as per the information given on their website.
- Whitepay facilitates payment or selling of goods and services in crypto. Businesses can use this service if they want to receive crypto as a payment method.
- Decentralized exchange.
#11) Bitcoin
This website allows you to buy Bitcoin only and not any other cryptocurrency. The purchases are supported by MoonPay, which allows users to trade cryptocurrencies in their local fiat. Once you input the amount to spend on buying BTC, it shows how much of the cryptocurrency you get.
You can then input the wallet address and proceed to buy. It directs you to enter an email to sign up with MoonPay so you can buy BTC. You can pay with Visa, MasterCard, all major debit and credit cards, Apple Pay, Samsung Pay, or Google Pay, as well as EU and Open Banking in the UK. You can buy $20-$50,000 of cryptocurrency.
Bottom line/Verdict: Buying BTC on this platform is very easy and quick. A simple interface lets you chose just how much you want to purchase.
Fees: A flat fee of $4.99 + 3.5% for purchases of $141 and 7% for purchases above $141
Account Minimum: $10
Our Ratings: 5/5
#12) Coinbase
This platform is the most popular for Bitcoin purchases in the United States. It recently enabled integration with PayPal so users can pay for crypto with PayPal. Coinbase allows you to buy BTC on their website, Android, and iOS devices. You can also invest in crypto by scheduling buys daily, weekly, or monthly.
Bottom line/Verdict: Coinbase is one of the best options for BTC purchases given it offers additional services including cryptocurrency investing, an advanced trading platform, a custodial platform, and staking.
Fees: $0.99 for transactions less than $10; $1.49 for transactions above $25; $1.99 for transactions $50; $2.99 for transactions above $200
Account Minimum: $10
Our Ratings: 5/5
Further Reading => Do You Know Where to Buy Dogecoin
#13) Bitcoin.com
The website allows people to purchase and sell Bitcoin and other cryptocurrencies through MoonPay’s third-party service. They can do so with credit cards, payment apps, and banks. It presents a simple interface through which people can buy and sell crypto by simply filling in the amount, wallet address, email, and personal details for account creation at MoonPay.
Bottom line/Verdict: This website does not have a direct link for purchasing BTC except via third-party MoonPay.
Fees: $0.99 for transactions less than $10; $1.49 for transactions above $25; $1.99 for transactions $50; $2.99 for transactions above $200
Account Minimum: $30
Our Ratings: 4/5
#14) Gemini
Best for institutions.
Gemini crypto exchange has an Android, iOS, and web application that allows the buying of BTC. It will also soon have a Gemini credit card through which buyers of BTC can earn rewards on buying BTC from the exchange.
Gemini works as a full crypto exchange all with an account wallet where you can store BTC, charting, price trackers, portfolio management, transaction history tracker, and other tools. It also supports the buying and selling of other cryptos apart from BTC.
Bottom line/Verdict: Gemini provides insurance against hacks. It allows for the direct purchase of BTC and other cryptocurrencies. This website provides custody services for institutional traders and investors.
Fees: 0.5% – 3.99% depending on payment method and platform. Up to 1.49% depending on trading platform; 3.49% for debit card purchases.
Account Minimum: 0.00001 Bitcoin worth
Our Ratings: 4/5
#15) Paxful
Paxful is a peer-to-peer trading platform that allows buyers and sellers to trade BTC and other crypto in their local fiat currency. It also supports credit cards, Visa, MasterCard, PayPal, and other local payment methods easily available in multiple countries around the world. To buy BTC, one needs to buy from peers needing to sell.
The buyer will publish a buy offer after which he or she can communicate with the seller to facilitate paying and depositing of crypto in escrow before payment is done and confirmed.
It also allows direct sending from wallet to wallet.
Bottom line/Verdict: This is a peer-to-peer trading platform with very high fees per transaction. It has a high chance of being scammed.
Fees: The fee depends on transaction value and market rates. It charges 1 USD or 1% per transaction for direct sending.
Account Minimum: $10
Our Ratings: 4/5
#16) SoFi
Sofi.com allows users to trade about 40 cryptocurrencies and tokens in addition to Bitcoin. It also offers opportunities to invest in and trade stocks, Stock Bits, ETFs, even via its mobile application.
Nevertheless, the application allows for active investing where one can buy crypto in small bits from time to time. It also has automated investing and retirement accounts.
Bottom line/Verdict: This is one of the best choices for those who want integrated investing in addition to buying of cryptos.
Fees: 1.25% on crypto transactions
Account Minimum: $10
Our Ratings: 3.5/5
#17) Bisq
Bisq is a decentralized cryptocurrency that allows users to sell and buy BTC for fiat through their desktop software and website. The exchange does not need any user identity verification to use. Additionally, users buy and sell on a peer-to-peer basis meaning there are no middlemen.
After signup, a user only needs to add their crypto or national fiat account, and then to take existing sell offers or to create a purchase or sell trade. User groups can take advantage of the 2-of-2 multi-signature wallets to further secure their crypto. Nodes are also hidden by the Tor network.
Bottom line/Verdict: It is a secure platform for the fact that it is peer-to-peer and stores data on the user’s local storage without transmitting it to central servers.
Fees: Maker fee is 0.10% per 1 BTC while the taker fee is 0.70% per 1 BTC traded. Other fees may apply to takers since they pay mining fees for trade fee transactions, deposit transactions, and payout transactions.
Account Minimum: No minimum.
Our Ratings: 3.5/5
#18) BlockFi
Besides allowing users to buy and sell BTC and other cryptocurrencies, BlockFi allows them to borrow cash and earning interest on their crypto for up to 8.6% per year when a trade is placed. You can borrow crypto money at a rate of 4.5% APR to trade with it and these loans help you avoid selling digital assets.
After opening an account, you can fund it with USD, crypto, or stablecoins. The deposits also attract earnings. The platform also has an Android and iOS app.
Bottom line/Verdict: It provides all the benefits of an exchange, including charting and portfolio tracking. It is a peer-to-peer platform that allows users to trade cryptocurrencies.
Fees: The taker fee is 0.35 percent for a trade amount of 1 BTC.
Account Minimum: 0.001 BTC.
Our Ratings: 3.4/5
#19) Bitstamp
Bitstamp makes it possible to trade over 50 cryptocurrencies and digital assets with fiat or real-world currency through banks, credit cards, and wire transfers. For instance, it lets you buy from 25 to 5,000 USD or GBP or Euro per day or 20,000 per month using a credit card. With ACH deposits, you can do up to $10,000 per day and $25,000 per month.
You can also withdraw Bitcoin and other cryptocurrencies as real-world currencies for up to $50,000 per transaction. The withdrawals are only available for personal accounts, but the exchange supports institutional accounts including trading via APIs and OTC. However, ACH withdrawals are only possible for US residents. For others, you can only do it with a bank.
Verdict: The best thing about Bitstamp is its low and tiered fee schedule as per the customer’s 30-day trading volume.
Fees: Trading fees – 0.50% for <$10,000 trading volume to 0.0% for > $20 million trading volume. Staking fees – 15% on staking rewards. Deposits are free of charge for SEPA, ACH, Faster Payment, and crypto. International wire deposit – 0.05%, and 5% with card purchases. Withdrawal is 3 Euro for SEPA, free for ACH, 2 GBP for Faster Payment, and 0.1% for International wire. Crypto withdrawal fee varies.
Account minimum: No minimum
Our rating: 5/5
Frequently Asked Questions
How do I purchase a Bitcoin?
Buying BTC starts with deciding or identifying a trading platform where BTC is sold although you can contact peers who own BTC to buy directly from them. If you are asking for the best Bitcoin trading platform, we have enlisted in this tutorial.
Create a Bitcoin wallet by signing with one of the platforms while ensuring it supports your payment method to pay for the BTC. Connect the payment method like credit card or bank account with the platform and place an order on the exchange.
Can I buy Bitcoin for $10?
Yes. Since it can be bought in fractions, $10 allows you to buy some BTC. Most exchanges that sell BTC set $10 as the minimum order you can trade BTC for. You can also buy directly from peers or from peer-to-peer exchanges.
Can I buy Bitcoin for $50?
Yes. Just a fraction of it though. Bitcoin can be bought in fractions. Please check the value of 1 BTC and calculate how much of it $50 can buy. The more money you have, the more crypto you buy.
If you are asking how to invest in Bitcoin, then this is a little amount. You will need to invest more fiat currencies to expose yourself to more profits when prices increase. However, this is a good amount to try.
Where can I buy Bitcoin directly?
You can buy from other Bitcoin owners. This is possible via peer-to-peer trading platforms and exchanges like Bisq and Paxful. They allow you to communicate with other sellers and pay in diverse payment methods available locally.
Can a Bitcoin Crash?
Bitcoin is now much more stable than it was years ago because many people and institutions have invested in it. It can barely crash to zero. However, it is volatile, meaning the price can vary either on the upward or downward side. Please use portfolio management tools that allow you to monitor prices in real time and take actions when needed to avoid any effects of volatility.
Where can I buy Bitcoin online?
You can buy BTC online from Bitcoin.org, Coinbase.com, Bitcoin.com, Gemini, and CoinMama websites. These websites allow you to sign up and create a wallet address, and store your BTC or transfer to external wallets.
The purchases on these platforms are near-instant, taking about 10 minutes to complete. They are also secure platforms for those who want to buy BTC. They also allow you to purchase from as low as $10.
Recommended reading =>> Best Cryptocurrencies to invest today
Conclusion
Most people who want to buy Bitcoin do it for speculative reasons with an expectation to sell it later for profit. The best way to buy Bitcoin is to identify and create a wallet with a secure crypto exchange or platform that allows you to pay with the locally available and preferred payment method.
The platforms listed above are either centralized or peer-to-peer decentralized trading platforms, some of which work on mobile devices.
Suggested Reading =>> Best Bitcoin Wallet for sending/receiving Bitcoins
Our list of best places to buy Bitcoin allows you to compare exchanges in terms of fees charged. It is recommended to use platforms that allow you to store the BTC securely or invest in other ways. Also, ensure the platform supports direct or immediate selling of the cryptocurrency in case you want to sell.
Research Process:
- Time Taken to Research and Write This Article: 18 Hours
- Total Tools Researched Online: 21
- Top Tools Shortlisted For Review: 11
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