What follows are detailed reviews of the best places for buying Bitcoin, explaining the pros and cons of each platform.
eToro - Overall Best Place to Buy Bitcoin
eToro has a clear layout that is easy to navigate for beginners, but enough tools and optional features to satisfy seasoned pros as well, which is why we believe it is the top place for purchasing Bitcoin.
eToro’s USP is its innovative CopyTrader feature. This allows you to automatically replicate the trades of the world’s best Bitcoin traders if you lack experience or simply don’t have time to monitor the market. You can view the percentage return and risk tolerance of other users to find the most suitable BTC trader to copy.
If you prefer to do your own analysis, though, you can check out the news, statistics, and research on Bitcoin that is available on eToro. To ensure you don’t miss anything, you can add Bitcoin to your watchlist and set up price alerts and notifications.
A great thing about eToro is that it is a multi-asset platform. If you want to buy Bitcoin as part of a diversified portfolio, you can also buy over 70 other cryptocurrencies on eToro, as well as other asset types, like indices, ETFs, and stocks.
Creating an account on eToro will only take a few minutes, after which you will have a wide choice of payment options to deposit a minimum of $10. The minimum trade size is also $10. The withdrawal fee is $5 but the trading fees are competitive at 1% plus spread. Read our full eToro review here.
Easy to navigate
Reputable and regulated
Deposits are free
Strong security and cold storage
Wider choice of payment options than many competitors
Free demo account
Unique copy trading feature
Binance - Best Place to Buy Bitcoin With Low Fees
Binance takes a spot in our top five as it provides the lowest trading fees on the market. You will only need to pay 0.1% on each trade, or less if you are in a higher loyalty tier. Digital currency deposits are free, as well as some methods of fiat currency deposit and withdrawal, though others incur a fee.
With over 600 other cryptocurrencies, Binance is one of the best platforms if you’re interested in purchasing new and obscure coins in addition to Bitcoin. You can learn all about Bitcoin, blockchain, and trading with the wealth of educational resources available on Binance academy.
Binance caters to experienced Bitcoin traders, providing customisable charts, indicators, and the ability to trade BTC with leverage. Newbies aren’t left out, however, as Binance’s convert feature makes it simple to swap between coins with a couple of clicks. What’s more, you can earn an estimated 5% APY on your Bitcoin with Binance Flexible Savings.
You can create a Binance account and verify your identity in matter of minutes, then make a deposit of at least $50 with your chosen payment option. The minimum amount of Bitcoin you can buy is $10, and you will be charged 0.0002 BTC if you want to withdraw it on the Bitcoin blockchain. Read our full Binance review here.
Lowest trading fees
600+ other coins available (Including Ethereum, Bitcoin cash, Dogecoin and BNB)
Advanced tools for trading
Minimum deposit is higher than other platforms
Somewhat limited choice of payment methods
Regulatory issues in certain countries
Coinbase - Easiest Way to Buy Bitcoin instantly
Coinbase is the best place to buy Bitcoin instantly if you’re a beginner. This is because the layout is very clear and the buying process is intuitive. Add Bitcoin to your watchlist to stay on top of the market, and easily view your portfolio performance in your dashboard.
You can get into Bitcoin with as little as $2 on Coinbase, and set up automatic regular purchases with the recurring buys feature. Users also have access to customisable charts and more advanced tools and order types through the Coinbase Pro platform.
If you’re still trying to get your head around crypto, Coinbase’s tutorials and guides to crypto basics will help you build knowledge and confidence. Learn and earn campaigns even give you the chance to get crypto for free while completing short lessons.
Coinbase’s cold wallet storage, crypto insurance, and regulatory licences should give you peace of mind while buying Bitcoins. Setting up your account takes a few minutes and it is recommended you deposit at least $50. The trading fees on Coinbase are up to 0.6% plus spread, making them fairly competitive, though you could be charged higher fees for certain payment methods. Read our full Coinbase review here.
Bitpanda - Best Place to Buy Bitcoin Securely
Bitpanda secures all of its users’ crypto assets in cold storage, making it one of the safest places for purchasing Bitcoin. The platform is also compliant with AML regulations, holds all the necessary licences, and is rated as excellent on Trustpilot.
You can get help with navigating the platform through the Helpdesk and learn all about Bitcoin, crypto, and finance from articles on the Bitpanda Academy and blog.
Unlike most platforms that offer Bitcoin, Bitpanda is multi-asset, meaning users can invest in stocks, ETFs, crypto indices, and metals, as well as almost 200 other cryptocurrencies. You can even swap directly between different types of asset.
The Bitpanda savings plan allows you to set up recurring BTC purchases. You can also spend your Bitcoin with the Bitpanda Card, and keep up with Bitcoin on the move through the Bitpanda mobile app.
You can set up and verify your Bitpanda account in a few minutes, and there are a variety of payment options you can use to make a deposit of at least $25. A 1.49% premium is included in the price of BTC and the minimum order size is $1.50 or €1. The fee for withdrawing Bitcoin is 0.00006 BTC.
The only customer support is via email
Digital currency deposits incur fees
Not available in most non-European countries
Capital.com - Best Place to Trade Bitcoin CFDs
If you’re looking to trade BTC contracts for difference, then Capital.com is the top platform. Trading CFDs means you don’t actually own Bitcoin, so there are no storage concerns, but you can still profit from BTC price movements.
Experienced traders can take advantage of up to 30x leverage, more than 70 technical indicators, price alerts, client sentiment, and AI-powered post-trade analysis. Beginners aren’t left out, however, as they can access financial education through the Investmate app, as well as online courses and trading guides.
In addition to Bitcoin, users can trade CFDs on more than 6,000 assets, including 477 other cryptocurrency pairs, stocks, commodities, forex, and indices. Trading CFDs is high risk, but Capital.com provides a demo account for practice, as well as risk management tools such as negative balance protection.
The account creation and verification process takes a few minutes on Capital.com, and then you can make a minimum deposit of $20 with a wide array of payment methods. There is 0% commission on the platform and no fees for deposits and withdrawals. BTC/USD has a spread of 60 and there are overnight fees that change with volatility. Read our full Capital.com review here.
73.81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.