Markets
Best Places to Buy Bitcoin in 2024
We haven’t found the perfect place to buy Bitcoin yet. But if you want to know the best place to buy Bitcoin for you, the answer will depend on which features matter most to you. Here are some you should consider when evaluating the best cryptocurrency exchanges, brokers and apps.
Costs
The cost of buying and selling Bitcoin can vary significantly between crypto exchanges. While this shouldn’t be the only factor to consider, it’s important to know what you’ll pay on each platform you’re considering. When considering fees, check the platform’s fee breakdown, as this can increase costs significantly.
Investment selection
All of the places on the list above will allow you to buy Bitcoin. But if you want invest in other cryptocurrencies or start crypto trading, you will want to look for a platform that has a good selection. If you want to invest in Bitcoin and stocks in the same place, you will need a platform that offers this.
Educational resources
Some of the largest cryptocurrency exchanges have extensive libraries of articles, videos, and tutorials to help users. learn more 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.
User-friendliness
Depending on the investor, this can mean different things. For example, someone looking to buy their first Bitcoin and plans to occasionally buy and sell the digital currency may want a user interface that is as simple as possible. On the other hand, an active and experienced Bitcoin trader may want a trading platform with plenty of features (charting tools, order options, etc.).
Security
We touched on security above, but it bears repeating. There is no point investing in Bitcoin only to lose your assets if the platform crashes or is hacked. Research the risks involved and look for crypto exchanges that are transparent about their security, assets, and insurance.