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:
|Number verified users||108 million||120 million||13.6 million|
|Minimum trade||2 USD||10 USD||0.00001 BTC|
|Crypto fees||$0.99 to $2.99 flat fee depending on the size of the trade; percentage-based fee for trades above $200; 0.50% spread||0.1% flat fee for most trading activities.||0.5% – 3.49%|
|Advantages||Fast and easy; Low trading fees; Top notch security; multiple trading pairs||Low fees; multiple trading pairs||Beginner friendly |
Solid security infrastructure
|Disadvantages||Relatively high transaction fees; Slow customer service||Regulatory issues; not available in all states||High fees |
Long verification process
|Who is it best for?||Beginner traders||For intermediate and advanced traders.||Beginner, intermediate, and advanced traders|
|Learn more||Open an account||Open an account||Open an account|
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 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%.
|Size of Trade||Fee|
|$10 or lower||$0.99|
|$10 to $25||$1.49|
|$25 to $50||$1.99|
|$50 to $200||$2.99|
|Above $200||Percentage-based fee|
Fast and easy
Low trading fees
Advanced trading options
Over 100 cryptocurrencies are supported
Relatively high transaction fees
Slow customer service
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 has an attractive fee structure. The platform offers a flat 0.1% for most trading activities.
Low fees: Binance’s 0.1% trading fees are lower than many other US exchanges.
Trading pairs: Although Binance US doesn’t offer as many trading pairs as the main site, it has over a hundred cryptocurrencies which outpace many other US exchanges.
Accessibility: The US site is not available in all 50 states.
Regulatory Issues: The main site has run into several issues with regulators in some countries.
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 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:
|Transfer (deposits and withdrawals)||Wire transfer deposits: FreeDeposit via debit card: 3.49%Withdrawal Fee: Variable (depends on the coin)|
|Transactions||Flat fee for trades up to $200 1.49% fee for trades over $200|
|Convenience||0.50% spread in the price of the crypto asset you are trading|
Solid security infrastructure
Advanced trading interface
Wide range of products
Long verification process
Only 100+ cryptocurrencies available
How to buy Bitcoin
Find a good platform
There are hundreds of crypto exchanges where you can buy BTC. To save you the stress of finding a platform that suits your preferences, we’ve trimmed down the list to three: Binance, Coinbase, and Gemini. Once you have decided which platform to go with, you would need to create an account (if you don’t already have one) and verify your profile.
Buy some BTC
Once you have signed up or signed into your account (whichever the case may be), head over to the buy crypto tab. The tab would look different for different exchanges but it will be described in a way that implies that you can use the button to buy crypto.
Regardless of the crypto exchange you use, you will find multiple payment methods for buying Bitcoin. Choose the option that’s most suitable for you.
Store your coins securely
While crypto exchanges provide a wallet for storing your funds, it’s not a good idea to leave money on an exchange if you are not actively trading. Instead, store your funds in decentralised wallets like Trezor and Ledger Nano X.
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 cryptocurrency market seems to follow a four-year cycle.
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.
Talk to your financial advisor before investing in Bitcoin
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.
Investing in crypto assets is highly risky so it’s best to talk to your financial advisor before investing in Bitcoin or other crypto assets.
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.
How does Bitcoin work?
Bitcoin is digital cash transacted online on a peer-to-peer network secured by cryptography. Bitcoin transactions are pseudo-anonymous in nature meaning that while transactions on the ledger are public for everyone to see, you can’t tell who’s sending what.
Is Bitcoin a good investment?
Whether Bitcoin is a good investment or not depends on your investment strategy and approach.
Can you make money with Bitcoin?
Yes, you can make money with Bitcoin if you know when to buy and when to sell. Mastering this skill requires a good deal of knowledge of technical analysis.
How many Bitcoins are in Circulation?
Bitcoin has a circulating supply of 19,267,918 BTC coins and a maximum supply of 21,000,000 coins.
When will the last Bitcoin be Mined?
The last Bitcoin will be mined around 2140.