Best Places to Buy Bitcoin in 2024

Get in on the latest craze of digital currency.

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Trading fees: 0.4% Maker Fee / 0.6% Taker Fee
Trading fees: None
Trading fees: Flat 0.9% fee for stablecoins, 1.5% for other cryptos *Kraken Instant Buy
4.7
4.5
4.5
  • Offers access to more than 200 cryptocurrencies
  • Low minimum to fund account
  • Quick crypto withdrawals
  • No fees for crypto trades
  • Convenient if you already have a Robinhood brokerage account
  • Advanced features on Kraken Pro, including margin trading
  • Great customer service
  • Low Bitcoin (BTC) withdrawal fees
  • Higher fees than other cryptocurrency exchanges
  • Comparatively fewer cryptocurrencies offered
  • No crypto-to-crypto trading
  • Not available in all 50 states
  • Crypto staking no longer available in US
Trading fees: 0.4% Maker Fee / 0.6% Taker Fee
4.7
  • Offers access to more than 200 cryptocurrencies
  • Low minimum to fund account
  • Quick crypto withdrawals
  • Higher fees than other cryptocurrency exchanges
Trading fees: None
4.5
  • No fees for crypto trades
  • Convenient if you already have a Robinhood brokerage account
  • Comparatively fewer cryptocurrencies offered
  • No crypto-to-crypto trading
Trading fees: Flat 0.9% fee for stablecoins, 1.5% for other cryptos *Kraken Instant Buy
4.5
  • Advanced features on Kraken Pro, including margin trading
  • Great customer service
  • Low Bitcoin (BTC) withdrawal fees
  • Not available in all 50 states
  • Crypto staking no longer available in US

In the last few years, Bitcoin (BTC) has grown from being an intriguing digital token to a widely-accepted financial asset. However, its complexity and the many ways in which it can be used make it difficult for people to figure out the best place to buy Bitcoin.

This guide will show you five different platforms to buy Bitcoin, highlighting the pros and cons of each method. By the end, you should have a good understanding of which option is best for you.

Best Place to Buy Bitcoin Online

best places to buy bitcoin

If you’re trying to buy Bitcoin, these crypto exchanges can help:

Let's get into the nitty-gritty of the best places to buy Bitcoin.

Coinbase – Best for Earning Free Crypto

coinbase best place to buy bitcoin

Coinbase has emerged as one of the high-profile names in the cryptocurrency world — placing itself on the top as a one-stop solution for buying, selling, and managing crypto.

Coinbase is a San Francisco based cryptocurrency exchange that lets you turn your fiat currency into cryptocurrency.

It's the main entry point into the cryptocurrency space and Bitcoin for most people. It’s currently the quickest and easiest way to buy cryptocurrencies in the USA.

Promo: Create your Coinbase account and get up to $200 in Crypto at Coinbase.

Details
  • Fees: 0% – 3.99%
  • Pro: Offers access to more than 200 cryptocurrencies, low minimum to fund account and quick crypto withdrawals.
  • Con: Higher fees than other cryptocurrency exchanges.
Summary
  • User Interface: Coinbase is generally considered quite easy for basic transactions.
  • Fees: Coinbase generally has higher fees compared to other popular crypto exchanges.
  • Reputation: Trusted

If you want to create a Coinbase account, you can create a Coinbase account through this link.

Sign up and get up to $200 in crypto
Coinbase
4.7

Coinbase offers over 100+ cryptos to trade, invest, or stake in. If you want to diversify your income sources through cryptocurrencies, Coinbase is an ideal platform to buy, sell, or even build your crypto portfolio.

Open Account

Related: Coinbase vs eToro: Cryptocurrency Trading Comparison

Robinhood Crypto – Best for No Cost

robinhood crypto best place to buy bitcoin

Robinhood is a great option for those who want to buy Bitcoin but want to avoid paying any fees. Robinhood is an investing app that allows you to buy and sell Bitcoin with no commissions is one of the top crypto exchanges.

If you're already familiar with how to buy and sell stocks, then buying Bitcoin on Robinhood will be super easy. In addition to buying Bitcoin (BTC) — you can buy Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and more.

Details
  • Fees: Free
  • Pro: No fees for crypto trades and it is convenient if you already have a Robinhood brokerage account.
  • Con: No crypto-to-crypto trading.
Summary
  • User Interface: Easy to navigate and fully customizable
  • Fees: Low
  • Reputation: Trusted

Overall, using Robinhood Crypto to buy Bitcoin is smart, easy, and straightforward.

You could get up to 3.5% more crypto on Robinhood
Robinhood Crypto
4.5

Robinhood offers the lowest cost to trade crypto on average. Buy, hold, and sell popular cryptocurrencies and stablecoins such as BTC, ETH, DOGE, SHIB, AVAX, LTC, UNI, ETC, LINK, XLM, AAVE, the list goes on. You can send crypto to Robinhood, or send crypto from your Robinhood account to other crypto wallets. It’s secure, simple, and you’ll never be charged deposit or withdrawal fees.

Open Account

eToro – Best for Social Features

etoro bonus

eToro has been a leading online trading platform since 2008 and was one of the first companies to support digital currency trading in 2013. The platform offers a crypto exchange that supports trading in over 30 cryptocurrencies, as well as an online brokerage platform with a limited selection of stocks and exchange-traded funds (ETFs).

This platform's engaging social features and vibrant community appeal to those who enjoy communal trading experiences. However, for those seeking a cost-effective crypto exchange, eToro's high trading fees might be excessive.

Details
  • Fees: 1%
  • Pro: The platform provides a communal experience, allows transferring cryptocurrency off-site, and offers extensive educational resources.
  • Con: Not available in New York, Hawaii, Minnesota and Nevada, has limited customer service and no crypto-to-crypto trading pairs.
Summary
  • User Interface: Easy to Navigate
  • Fees: High
  • Reputation: Average

eToro users can start trading cryptocurrencies, stocks, and ETFs with just $10 and mimic successful traders' moves on its innovative platform.

Join over 12M users worldwide
eToro
5.0

Trade popular crypto on eToro. Explore professionally managed portfolios. eToro is one of the world’s leading social investment communities that allows people to grow their knowledge.

Open Account
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.

Kraken – Best for Advanced Traders

kraken best place to buy bitcoin

As one of the largest and oldest Bitcoin exchanges in the world, Kraken is consistently named one of the best places to buy and sell crypto online, thanks to its excellent service, low fees, margin trading, versatile funding options, and rigorous security standards — but this is only part of the story.

They've been at the forefront of the blockchain revolution since 2011 and is one of the best Coinbase alternatives. Kraken offers tools and resources for new crypto investors, but is more targeted for advanced traders and offers over 130 crypto trading paries, more than 230 different cryptocurrencies and margin trading.

Details
  • Fees: 0.16%-5%
  • Pros: Over 230+ cryptocurrencies available, over 130 crypto trading pairs and low fees for advanced traders.
  • Cons: The service has limited funding options, is not available in New York or Washington state, and charges high fees for purchases in USD.
Summary
  • User Interface: Sleek design, a good overview of the trading market with lots of customizations.
  • Fees: Low
  • Reputation: Trusted

If you are trying to take your crypto investments to the next level, you can get started with Kraken here.

Kraken
4.5

Kraken, an established leader in the crypto exchange market, combines top-notch security and a diverse selection of over 230+ coins in the U.S., all at a competitively low price point. Get started with as little as $10.

Open Account

Gemini – Best Beginner Friendly Platform

gemini best place to buy bitcoin

Gemini is the best place to buy Bitcoin with a debit card instantly. Gemini makes it simple to research the crypto market, buy Bitcoin and other cryptos, and build a portfolio for the future of money. Gemini provides a user-friendly trading platform for beginners, an advanced system for serious traders, and a peer-to-peer trading portal, catering to both casual and experienced investors.

Details
  • Fees: 0.5% – 3.49%
  • Pro: Over 120+ coins available, available in all states, and an easy-to-use interface.
  • Con: Complicated fees and limited customer service.
Summary
  • User Interface: A beginner-friendly interface.
  • Fees: High, Gemini's fee structure might be a significant drawback for newcomers to crypto.
  • Reputation: Trusted
Gemini
4.5

Gemini, known for its strong security and never having been hacked, is a user-friendly crypto exchange available in all U.S. states, including typically excluded New York. However, users should be aware of its relatively high and complex fee structure.

Open Account

CEX.IO – Best for Experienced Traders

cex.io best place to buy bitcoin

CEX.IO, a regulated global cryptocurrency exchange, offers a platform for buying, selling, borrowing, and earning crypto with a variety of assets and advanced features, suited for experienced traders but possibly overwhelming for beginners.

CEX.IO lets you buy Bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your Bitcoin immediately. CEX.IO works in the United States, Europe, and certain countries in South America.

Details
  • Fees: Low 0.25% trading fee.
  • Pro: Regulated and licensed, over 200+ large cryptocurrencies, provides an opportunity to earn crypto and offers crypto-collateralized loans.
  • Cons: Beginners might find the plethora of products and services overwhelming, and the exchange has lower liquidity compared to other major global platforms.
Summary
  • User Interface: Hard to navigate for beginners
  • Fees: Average
  • Reputation: Trusted
CEX.IO
4.0

Launched in 2013, CEX.IO, a regulated global cryptocurrency exchange, allows trading, borrowing, and earning crypto with its extensive asset range and advanced features, ideal for seasoned traders but potentially overwhelming for beginners.

Open Account

Bitcoin for Dummies: What is Bitcoin?

best bitcoin exchanges

Bitcoin is a cryptocurrency that is open source and created for peer-to-peer money transfers. Imagine PayPal or Venmo without a central authority. No one to tell you what to pay, how to buy, when to buy with no worries of a huge fee.

Now imagine all your transactions becoming open to the public eye through pseudonymity. Bitcoin was created to combat the financial crisis that happened as the banks had too much power.

Satoshi Nakamoto, the creator of Bitcoin created it to give the people the power of their money. No need for banks to hold your money. You hold your money in your own wallet.

Your wallet can consist of a paper wallet with just your Bitcoin hash address, a mobile/computer wallet or a cryptocurrency hardware wallet.

Benefits

  • Quick: One major advantage of cryptocurrencies, in general, is that they are quick. If you buy something, the seller will get their coins pretty quickly. If you purchase with a Visa, they need to wait for the transaction to be accepted, then settle then go to your bank account in 3 days.
  • Cheaper Transactions: PayPal and payment processors generally charge 3-4% of the fees and charge that from the seller. In this case, the buyer is paying the fees but it amounts to fractions of a percent.
  • Paperless: Going into the age of digital, paperless is becoming bigger as more people are liking it. Digital currencies do not need a reason to be with paper as everything is done on your phone or computer.
  • Irreversible Transactions: Some people think an irreversible transaction is a bad thing but there are ways to go around it. For sellers, it is a great idea because people cannot make unnecessary chargebacks as we see it being done on sites like eBay and Amazon. To make sure you’re not sending it to the wrong address, always send a minimal amount to the hash address to make sure it is correct.
  • Appreciating Asset: With the way things are going, it seems like Bitcoin can’t keep going up forever. To be frank, not everything will go up forever. However, the difference between fiat and Bitcoin is that the government keeps printing more money while Bitcoin has a set amount that there will ever be which is 21 million total coins. If you're concerned, you can also learn how to earn interst on your crypto with crypto savings accounts.

The Final Talk

In conclusion, choosing the best place to buy Bitcoin depends on your individual needs, whether you're a beginner or an experienced trader. From the best overall crypto exchange Coinbase, and the fee-free option in Robinhood Crypto, each platform offers unique advantages. Consider factors like fee structures, available cryptocurrencies, and ease of use when selecting an exchange. Remember, the right exchange not only meets your current trading requirements but also supports your financial journey as the crypto market evolves.

 
 
 
Trading fees: 0.4% Maker Fee / 0.6% Taker Fee
Trading fees: None
Trading fees: Flat 0.9% fee for stablecoins, 1.5% for other cryptos *Kraken Instant Buy
4.7
4.5
4.5
  • Offers access to more than 200 cryptocurrencies
  • Low minimum to fund account
  • Quick crypto withdrawals
  • No fees for crypto trades
  • Convenient if you already have a Robinhood brokerage account
  • Advanced features on Kraken Pro, including margin trading
  • Great customer service
  • Low Bitcoin (BTC) withdrawal fees
  • Higher fees than other cryptocurrency exchanges
  • Comparatively fewer cryptocurrencies offered
  • No crypto-to-crypto trading
  • Not available in all 50 states
  • Crypto staking no longer available in US
Trading fees: 0.4% Maker Fee / 0.6% Taker Fee
4.7
  • Offers access to more than 200 cryptocurrencies
  • Low minimum to fund account
  • Quick crypto withdrawals
  • Higher fees than other cryptocurrency exchanges
Trading fees: None
4.5
  • No fees for crypto trades
  • Convenient if you already have a Robinhood brokerage account
  • Comparatively fewer cryptocurrencies offered
  • No crypto-to-crypto trading
Trading fees: Flat 0.9% fee for stablecoins, 1.5% for other cryptos *Kraken Instant Buy
4.5
  • Advanced features on Kraken Pro, including margin trading
  • Great customer service
  • Low Bitcoin (BTC) withdrawal fees
  • Not available in all 50 states
  • Crypto staking no longer available in US

About the author

Brian Meiggs
Hi, I'm Brian Meiggs! A personal finance expert, entrepreneur, and the founder of My Millennial Guide. My drive is to help others unlock the wealth of freedom and pave the path to financial success. With my bachelor's degree in finance, I help millennials follow the smart money in order to increase their earning potential and start building wealth for the future. I write regularly about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. I have been quoted in major publications including Business Insider, Yahoo Finance, NASDAQ, Discover, GoDaddy, BiggerPockets, Fox News, Debt.com, Quick Sprout, Money Geek, MSN Money and many more!