We have yet to find a perfect place to buy Bitcoin. But if you want to know the best place to buy Bitcoin for you, the answer will depend on the features that matter most to you. Here are a few that you should consider when evaluating the best cryptocurrency exchanges, brokers, and apps.
Fees
The cost of buying and selling Bitcoin can vary dramatically from one crypto exchange platform to another. While it shouldn’t be the only thing you look at, it’s important to know what you’ll pay on each platform you’re considering.
Investment selection
All of the places on the above list will let you buy Bitcoin. But if you want to invest in other cryptocurrencies or begin crypto trading, you’ll want to look for a platform that has a good selection. If you’d like to invest in Bitcoin and stocks in the same place, you’ll need a platform that offers that.
Educational resources
Some of the biggest cryptocurrency exchanges have extensive libraries of articles, videos, and tutorials to help users learn about Bitcoin and other cryptocurrencies. This can be a big differentiator when looking for the best place to buy Bitcoin, even for people who already understand how Bitcoin works.
Bonuses
In addition to being the best place to buy Bitcoin fast, some of our favorite platforms are offering decent sign-up bonuses. And many have very low initial spending requirements. While a platform’s bonus offer shouldn’t be the deciding factor, it can certainly be a tiebreaker.
User-friendliness
Depending on the investor, this could mean different things. For example, someone who is looking to buy their first Bitcoin and only plans to occasionally buy and sell the digital currency may want as simple of a user interface as possible. On the other hand, an active and experienced Bitcoin trader might want a trading platform with many features (charting tools, order options, etc.).
Security
We touched on safety above, but it bears repeating. There’s no point in investing in Bitcoin only to lose your assets if the platform collapses or is hacked. Research the risks involved and look for crypto exchanges that are transparent about their security, assets, and insurance.
