Bitcoin

Buy Bitcoin

At Financer.com, you can easily find where to buy Bitcoin and the best cryptocurrency exchanges for buying Bitcoin. You can also use our Bitcoin Profit Calculator to calculate and track the performance of your investment.

Where to buy Bitcoin

There are hundreds of crypto exchanges and platforms where you can buy Bitcoin. To save you the stress and time of finding the ones that work best for you, we have trimmed down the list based on a number of factors. Here are our top picks:

Coinbase

Coinbase is an American publicly traded company that operates a cryptocurrency exchange platform that is the largest crypto exchange in the US. 

It was founded in 2012 by Brain Armstrong, an ex-AirBnB employee driven by a vision of a global, open financial system that drives innovation and freedom. 

Who is Coinbase most suitable for?

Coinbase is most suitable for those getting started with cryptocurrencies. Its clean and user-friendly interface is great for beginner traders.

Its clean interface and well-thought-out features make the platform easy to navigate for beginners.

Why we chose Coinbase

Coinbase’s user-friendly platform and intuitive interface are great for new entrants in the crypto world.

What’s more, the platform offers a wide range of cryptocurrencies to choose from as well as advanced security features. 

Coinbase Fees 

Coinbase has a variable fee structure that depends on the size of the trade. Trades less than $200 attract a flat fee while trades above $200 are charged based on a percentage.

In addition to fixed charges, there’s also a spread-based fee of 0.50%.

Binance US 

Binance is the largest crypto exchange in the world by trading volume. The crypto exchange was founded in 2017 by Changpeng Zhao and is registered in the Cayman Islands. 

Binance operates Binance.com as well as Binance US – a trimmed-down version of the Binance site to comply with US regulations. Although Binance owns Binance.US, the U.S. company is managed independently. 

Who is Binance most suitable for?

With legion features and a sophisticated platform, Binance is most suitable for intermediate and advanced traders.

Its competitive fees, advanced charts, and multiple order types make Binance a solid platform for experienced traders. 

Why we chose Binance US

Binance US has a wide array of trading pairs, competitive fees, and advanced trading features.

What’s more, it is the largest crypto trading platform in the world by trading volume and has a diverse ecosystem. 

Binance fees 

Binance has an attractive fee structure. The platform offers a flat 0.1% for most trading activities. 

Gemini

Gemini was founded in 2015 by the famous Winklevoss twins: Tyler and Cameron Winklevoss. The crypto exchange is based in New York and has a reputation for security and regulatory compliance.

The exchange is run by the Gemini Trust Company, LLC – a New York Trust Company.

In addition to a crypto exchange, Gemini also runs a wallet service, a custodial service (for institutional investors), and an advanced trading platform.

The exchange is also the issuer of Gemini Dollar (GUSD) – a dollar-collateralized stablecoin as well as a yield-earning service (Gemini Earn).

Who is Gemini most suitable for?

Gemini has a user-friendly platform and an advanced trading interface that makes it suitable for beginner, intermediate, and pro traders. 

Its solid security infrastructure also makes it an attractive option for institutional investors and asset managers looking to invest in crypto.

Why we chose Gemini

Gemini has built a strong reputation for security and regulatory compliance that makes it one of the most secure exchanges in the crypto space.

The company goes above and beyond to be regulatory compliant and keep funds under its custody secure. A testament to this is the fact that the platform has never been hacked.

Gemini fees

Gemini offers relatively higher fees compared to the competition. Gemini’s fee structure is based on user activity like transfers and withdrawals.

The exchange also charges convenience fees (for using the web or mobile app). There’s also a Gemini earn fee – which is a fee charged for the Gemini Earn service.

Here’s a summary of the different fees:

How to buy Bitcoin

Steps

Should you buy Bitcoin now?

Bitcoin currently seems to be stuck in a range. For months, the market has been trading in the $20,000 to $25,000 range (as of March 2023).

Since the crash that happened in 2021 (and stretched into 2022), the market has experienced much lower levels of volatility translating into less volatile price swings. 

The current market conditions make it a good time to get into crypto since prices are down and the market is less volatile.

Since the Bitcoin price rallies seem to follow a four-year cycle, you might see a good return on your investment if the same pattern repeats in early 2024. 

Is Bitcoin a good investment?

Whether Bitcoin is a good investment or not depends on your investment strategy and approach. While Bitcoin has made massive rallies that have made many millionaires, it has also sent many people to poor houses. 

One strategy that has panned out well, especially for early crypto investors is, surprisingly,  a basic one: buy and hold. A variation of this strategy especially for retail investors is “buy, hold, and sell at a market peak”.

This variation proved effective for those that bought Bitcoin in 2020 when the price was under $10,000 and sold near the peak in 2021 when the price hovered around $60,000.  

If you had bought Bitcoin in 2020 when the price was, say, $10,000, and sold it in 2020, when it hit $60,000, you would have earned a 500% return on your investment (i.e grown your investment fivefold). 

While there are no guarantees that Bitcoin will move like that again, the “buy, hold, and sell at a market peak” strategy is a fair approach. To know what a market peak is, you need to know some technical analysis that is beyond the scope of this article. 

Another strategy that seems to have worked out well for crypto investors is a variation of the first strategy: Dollar Cost Averaging.

Most “buy and hold” investors use Dollar Cost Averaging to lower the average cost of their investment and potentially increase their upside. 

What is the future of Bitcoin?

Although Bitcoin’s dominance (by market share) in the crypto market has been on the decline over the years, it continues to exert considerable influence over the crypto space. 

This is evident in the fact that a Bitcoin rally usually translates into a market rally and this is likely to continue into the nearest future. 

If Bitcoin sustains its demand over time, it’s likely to double its value every four years. This means that we can expect to see a major market rally sometime in 2024. 

Where to store Bitcoin after I buy it?

Just like you need a bank account to save money in the traditional financial system, you need a crypto wallet to store your crypto asset.

While most crypto exchanges offer a wallet for storing your coins, you should not leave your funds on an exchange if you are not actively trading.

The reasons for this aren’t farfetched; you can be locked out of your account, the exchange can be hacked or someone can steal your phone and get past your two-factor authentication.

To store your Bitcoin securely, use decentralized wallets like Trezor and Ledger Nano X. 

AuthorAbraham Jimoh

Abraham is a savvy financial analyst, trader, and writer, leveraging a Google certification in data analytics alongside a Bachelor's degree in Economics to navigate and excel in the dynamic landscape of finance. Abraham boasts exceptional analytical skills and market research prowess, evidenced by a remarkable three-month winning streak trading bitcoin futures without a single loss, earning him recognition on Binance USD-M crypto futures' top 200 weekly charts. Currently serving as the Assisting Country Manager for Financer US, Abraham combines practical expertise with a passion for demystifying finance.

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