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How To Buy Bitcoin

How & Where to buy bitcoin?

How to buy bitcoin? There are a few different ways to buy bitcoin and other cryptocurrencies, including exchanges and traditional brokers.

How to buy bitcoin Cryptocurrency exchanges

How to buy bitcoin? You can purchase bitcoin from several cryptocurrency exchanges. Many charge a percentage of the purchase price. Do your due diligence to find the right one for you. Some of the more popular exchanges include:

  • Coinbase: This is a popular choice for U.S. bitcoin buyers, in part because you can easily link your bank account. Coinbase also offers access to etherium, litecoin and other cryptocurrencies. On each transaction, Coinbase charges a spread (an adjustment in the purchase or sale price of an investment) of about 0.5%, plus a fee. The fee is the greater of a variable percentage based on region and payment type — for example, 1.49% for a purchase funded by a U.S. bank account — or a flat fee that ranges from $0.99 to $2.99, depending on the amount transferred. (Want to know more? Read our Coinbase review.)

  • Binance.US: The U.S. arm of the world’s largest exchange by volume for all cryptocurrencies, Binance.US charges a 0.1% fee for all crypto trades (some discounts are available), plus a withdrawal fee.  The exchange’s 50-plus selection of cryptocurrencies, plus a range of crypto-to-crypto trading pairs, is larger than many other U.S. cryptocurrency exchanges. (Read our Binance.US review.)

How to buy bitcoin with Traditional stockbrokers

The choices among traditional brokers that give customers a way to buy and sell bitcoin are few right now — Robinhood was the first mainstream investment broker to offer bitcoin (Robinhood Crypto is available in most, but not all, U.S. states). Like its stock-trading platform, Robinhood charges no fees for bitcoin trades. TradeStation also offers crypto trading, including bitcoin, as does eToro — which also features a unique social trading platform, allowing users to match the moves of popular traders.

Other brokers have announced plans to offer cryptocurrency trading in the near future.

Other ways to buy bitcoin

How to buy bitcoin

  • Bitcoin ATMs. These work like normal ATMs, only you can use them to buy and sell bitcoin. Coin ATM Radar shows more than 7,000 bitcoin ATMs around the U.S.

  • Peer-to-peer bitcoin owners. You can buy bitcoins directly from other bitcoin owners, much like you would buy items on Craigslist, through peer-to-peer tools like Bisq, Bitquick and LocalBitcoins.com. Use extreme caution if buying bitcoin directly from individuals.

  • Bitcoin futures. TradeStation offers a way for investors to trade on bitcoin futures, but this is pro-level stuff, not for amateurs. Here’s how to get started trading futures.