5 Cheapest Ways to Buy Bitcoin in 2025

Our team of crypto market experts has investigated the cheapest ways to buy Bitcoin, scoring each exchange on its trading, transaction, and deposit fees and comparing the spreads across 50+ platforms.

We learned two things: Binance is the cheapest option – though there are plenty of other low cost platforms to choose from – and it’s never been easier or cheaper to buy Bitcoin than today.

It’s even cheaper to buy it if you can unlock Binance’s discounted trading fees. Read on to learn more about how to do so and compare the cost of using each exchange.

Where is the cheapest place to buy Bitcoin?

Binance is the cheapest place to buy Bitcoin, but price isn’t the only thing you should consider when you choose which exchange to use.

For example, Binance might not even be available where you live.

So here are some of our favourite places to grab Bitcoin on the cheap, tailored to your location.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4.5

Plus500

Min. Deposit $100

Fees From 2%

No. assets 2800+

Demo account Yes

Visit site

Plus500 review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

4.2

Coinbase

Min. Deposit $10

Fees Up to 0.6%

No. assets 150+

Demo account No

Visit site

Coinbase review

Compare the cheapest places to buy Bitcoin

1. eToro. Best for beginners, copy-trading & demo-account

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4.5

Ratings

$100

Min. deposit

From 1 pip

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s an easy place to trade the currency markets. Forex can be intimidating, but eToro strips back the complexity to give you a platform where you can trade 50+ currencies at competitive prices and with up to 30x leverage*.

*CFDs trading is restricted for US users.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: eToro charges a fee on currency trades through the spread. Spreads are variable depending on the currency and start from 1 pip for EUR/USD trades, 1.5 pips for EUR/GBP, and 2 pips for GBP/USD. Overnight and weekend fees apply.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Read review Visit eToro

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2. Plus500. Best for international trading*

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4.5

Ratings

$100

Min. deposit

From 0.08%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you trade. Its technology driven platform gives access to forex futures for over 10 symbols. 

Plus500 has something for all types of forex traders, no matter what level of experience. Its low margin requirements (starting at $40) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Read review Visit Plus500

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Coinbase. Best secure trading platform for all types of trader

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4

Ratings

€10

Min. deposit

Up to 0.6%

Fees

200

No. assets

No

Demo account

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

No. of tradable assets	150+
Min. Deposit	$10
ID verification required	Yes
Free demo account	No
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FCA, NFA

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	Yes
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods

Quite high fees for credit and debit card instant buys Poor customer support

Read review Visit Coinbase

4. Kraken: Best for simple, global cryptocurrency trading from your phone

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3.5

Ratings

$10

Min. deposit

0.10% - 0.26% (volume dependent)

Fees

90

No. assets

Yes

Demo account

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

No. of tradable assets	200+
Min. Deposit	£10
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency - it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges

Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Read review Visit Kraken

5. Uphold. Best for building long term wealth

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4

Ratings

$1

Min. deposit

$0.99

Fees

300

No. assets

Yes

Demo account

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

No. of tradable assets	250+
Min. Deposit	$1
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, Commodities,
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FinCEN

Fees & Costs

Trading fees	No
Inactivity fees	No
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up

Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Read review Visit

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

How to judge if a platform is cheap

If you want to find the cheapest way to buy Bitcoin, you’ll need to use an online broker or trading platform that not only has low charges but also doesn’t have any hidden fees.

Here are a few features beyond the simple fee structure that you should consider when choosing the cheapest place to buy Bitcoin. 

Compare trading fees and commissions

When you buy and sell Bitcoin, there is a range of fees to consider, including exchange and brokerage fees, commissions, spreads, and transaction charges. 

Exchanges and brokers charge fees for buying, selling, or trading Bitcoin. Each Bitcoin exchange has its own fee schedule, and what you’ll be charged when you buy Bitcoin varies from platform to platform.

These fees are usually a percentage of the total transaction amount. Some exchanges (Binance is one example, but plenty of places do this for larger volume traders) offer discounted fees compared to others. 

Here’s a look at the types of fees you may encounter when you make Bitcoin purchases:

Look for brokers offering flat-rate trading fees of around 0.1% – 0.5% rather than variable fees based on trade amounts.

It’s also a good idea to avoid platforms that charge for withdrawals or inbound and outbound crypto transfers. Below are the average fees you’ll pay when using a crypto exchange platform:

Payment and withdrawal methods

Your chosen payment method to can significantly impact costs. Look for a broker that minimizes fees on deposits and withdrawals via bank transfers, debit cards, payment apps like Venmo or PayPal, or crypto wallets.

Be aware that platforms charging withdrawal fees will increase your costs each time you move coins out.

Here’s a general evaluation of the most common payment methods to buy Bitcoin by cost:

• Bank transfer (Cost: 0-0.1%). ACH transfers usually have the lowest fees, while wire transfer costs may vary, but they usually take longer to process.  

• Payment apps (Cost: 2.5-4%). Buying Bitcoin with payment apps like PayPal or Venmo usually incurs moderate to high costs. While it’s a fast way to fund your account, not a lot of crypto exchanges support integration with these apps.

• Debit cards (Cost: 2-4%). Debit cards generally have slightly lower fees than credit cards, but the costs can still add up depending on the exchange and bank policies.

• Credit cards (Cost: 3-5%). Credit card purchases usually incur the highest fees due to processing costs. You should also consider the potential cash advance charges 1 www.investopedia.com https://www.investopedia.com/how-to-buy-bitcoin-with-a-credit-card-7500941#toc-cash-advance-penalties from your issuer. This is a serious financial undertaking—for more detailed information, visit our dedicated guide on how to buy Bitcoin with a credit card.

Here’s a comparison of costs using various payment methods on the most popular cryptocurrency exchanges available:

Spreads should also be considered when looking for the cheapest places to buy Bitcoin.

This is the difference between the buy and sell price of Bitcoin on a particular platform, and the difference effectively acts as a platform fee.

Here are the average spreads for the top cheap Bitcoin exchanges:

Geographic location

The country where a Bitcoin broker is located can influence its pricing. Brokers based in jurisdictions with lower compliance costs often have more room to reduce trading fees and spreads. 

However, be aware of geo-blocking restrictions by brokers not operating in your region. Using a VPN is one way around location blocks (though there are plenty of risks associated with this too).

You should also make sure to understand potential tax obligations when using brokers based internationally.

Don’t forget to compare the trading tools and platform features

In addition to fees, consider the platform features and Bitcoin trading tools offered.

More advanced charting, trading algorithms, and order types may benefit active traders. If you’re a beginner, a simple, easy-to-use interface like the one eToro offers may be the best option.

Some platforms even charge for advanced tools and functionality, which can eat into your costs for buying Bitcoin. 

Here’s a closer look at the tools and features available on the cheapest Bitcoin exchanges:

Why is Bitcoin cheaper on some exchanges and more expensive on others?

If you pull up two different exchanges and look at the price of Bitcoin on each, you’ll likely see a different price. There are a few key reasons for these pricing differences:

• Liquidity pools. Exchanges connect to different liquidity pools where they obtain their prices. A liquidity pool is simply a collection of buyers and sellers. Exchanges with more liquidity sources can access better pricing, which is why you may see different prices across different trading platforms. 
• Trading fees. Some crypto exchanges like Coinbase Pro charge lower trading fees than normal Coinbase. The discounted fees enable buyers to acquire Bitcoin at a lower net cost. Trading fees vary across platforms, so it’s important to shop around to find the cheapest way to buy BTC. 
• Over-the-counter (OTC) desks. Larger traders may access better Bitcoin pricing through OTC desk services offered by some exchanges and brokers. OTC trades occur directly off order books.
• Geography and regulations. Exchanges located in regions with less stringent regulations often have lower compliance costs. Due to lower costs, savings can be passed on through reduced trading fees. 
• Competitive pricing incentives. Newer exchanges sometimes price Bitcoin cheaper to incentivize traders away from established platforms. They offer better pricing to gain market share. These platforms are prepared to lower their margins in order to grow their customer base. 
• Promotional discounts. Similar to pricing incentives, brokers and exchanges may occasionally offer fee reductions, trading reward programs, and other promotions that can temporarily reduce the price of Bitcoin. 
• Price discovery. Exchanges may derive Bitcoin pricing from different sources, such as order books, major exchanges, OTC desks, and average market spot prices. Where the exchange gets its pricing from will directly impact the price it offers Bitcoin to its users. 

How do I get cheaper trading fees?

The most common way to do this is to own specific cryptocurrencies, that unlock discounted fees on a particular exchange.

I’ve already mentioned that Binance is the cheapest way to buy BTC, and you can get it even cheaper by simply owning some of its cryptocurrency, Binance Coin (BNB).

If you set up your account to pay trading fees in BNB, you get a 25% discount on those fees 2 www.binance.com https://www.binance.com/en/support/announcement/binance-to-extend-the-25-trading-fee-discount-when-using-bnb-844f0bae047d4be4903303cb743734e1 .

Another way to reduce your fees is to act as a “market maker”, rather than a “taker”. All this means is you should place an order to buy Bitcoin at a specific price and wait for someone else to take that price.

Most people pile straight in and want to buy right now – these people are takers, and they pay higher fees than the makers do. For example, here’s Coinbase’s fee structure:

When you place an order at the market price that gets filled immediately, you are considered a taker and will pay a fee between 0.05% and 0.60%. When you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, you are considered the maker and will pay a fee between 0.00% and 0.40%. 3

You are much better off being a maker than a taker if you want to reduce your fees: these small differences can add up if you’re an active trader.

Is it cheaper to buy Bitcoin if I have a crypto wallet address?

It can be, because you may be able to buy Bitcoin through a “decentralized exchange” like Uniswap if you have a wallet.

These platforms work in basically the same way as Binance, but the crucial difference is that there’s no middle man, there’s no company in the middle that holds your money.

Instead, you plug your wallet directly into the exchange (usually through a web extension). Obviously, you have to have a wallet to begin with in order to do this – it’s not possible to use Uniswap without one.

Can I buy Bitcoin for free?

There are some ways to get free Bitcoin, but it’s unlikely you’ll be able to buy all your Bitcoin without ever paying fees.

For example, you can take advantage of sign up bonuses or referral programs which reward you with Bitcoin.

You should be wary of offers that promise the world for free, but we can vouch for these 9 ways to get free Bitcoins in 2025. 

What are the risks of buying Bitcoin from a low-cost platform?

The main risk of buying Bitcoin from a low-cost platform is losing money if its value drops. This risk is associated with any investment and not specifically Bitcoin. There are a few other risks, such as falling prey to scams. 

Unfortunately, unscrupulous actors out to scam traders and investors have targeted the crypto industry. That’s why it’s vitally important you take the time to understand how Bitcoin works and choose a safe platform when making your purchase. 

Methodology: How did we choose the cheapest ways to buy Bitcoin?

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 48 cryptocurrency exchanges to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of crypto experts, analysts, and active traders who sign up for each exchange, conduct research, and score each service.

Our tests are designed to find crypto exchange platforms that offer a beginner-friendly, secure trading experience at a fair price. To supplement our practical testing and experience, we research each exchange to gather any further relevant information. We read online customer reviews and app reviews on the Play Store and App Store and conduct user surveys to get feedback from real people about what works and what doesn’t.

Each crypto exchange is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual crypto brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process. 

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