How & where to buy Bitcoin (BTC) online

Use our step-by-step guide to learn how and where to buy Bitcoin on the top 5+ crypto exchanges.
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Updated: Oct 20, 2023
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Trade your favourite markets with our top-rated broker, Plus500.

7.8/10

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.

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Bitcoins are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Bitcoin this way. Follow our quick step guide below.

How to buy Bitcoin instantly in 3 simple steps

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To buy Bitcoin you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to Plus500

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Plus500 is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.

1
Min. Deposit
$ 100
Best offer
User Score
9.6
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

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.

Step 2. Make a deposit

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Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.

Step 3. Buy Bitcoin token

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Type BTC into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.

Now you own Bitcoin tokens! It’s as simple as that.

Where to buy BTC easily

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The overall best exchange to buy Bitcoin token for beginners is Plus500 .

Here are the top three places to buy Bitcoin, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

1
Min. Deposit
$ 100
Best offer
User Score
9.6
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

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.

2
Min. Deposit
$ 0
Best offer
User Score
9.6
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Start Trading
Payment Methods:
Bank Wire, Check, Debit Card, Wire Transfer
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.
3
Min. Deposit
$ 1
Best offer
User Score
9.6
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Start Trading
Payment Methods:
Full Regulations:

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

Read more about how we rate, rank and review platforms.

Best exchanges to buy Bitcoin (BTC), reviewed

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1. Plus500. Best for international CFD trading*

2800

No. assets

$100

Minimum deposit

Crypto

Platform type

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions 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

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 make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

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

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.

2. Public. Best for sharing beginner trading ideas

public.com logo

...

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: Cryptocurrency trades are charged a 2.5% fee per transaction. 

3. Uphold. Best for building long term wealth

...

No. assets

$1

Minimum deposit

Crypto

Platform type

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

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD. 

Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.

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.

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

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

4

No. assets

$1

Minimum deposit

Crypto

Platform type

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

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.

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. There is insurance on all cash balances up to $250,000 and the majority of assets are stored offline in cold storage.

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.

5. Nexo. Best for earning interest & rewards

...

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Offers excellent rates of interest on crypto and fiat savings Nexo debit card makes it easy to access and spend your funds Access crypto loans and collateral Equipped with top quality security infrastructure and insured
No anonymous option, your identity must be verified to place buy and sell orders Margins calls if the value of your collateral drops between a certain level

Overview

We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.

You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest. 

The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee. 

How to trade BTC

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You can trade Bitcoin on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how BTC crypto trading works:

  1. Monitor the price: Let’s say the price of BTC/USDT is $1. You read the price charts and decide that now is a good time to start purchasing BTC.
  2. Open a trade: You trade one USDT for one BTC ($1 for 1 BTC).
  3. Continue to monitor the price: The next day, one BTC token is now worth $2, a 100% increase.
  4. Close your trade: You trade your BTC token back to USDT for $2.

In this example, you buy and sell Bitcoin, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

1
Min. Deposit
$ 100
Best offer
User Score
9.6
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

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.

What is the best way to pay for Bitcoin (BTC)?

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The simplest way to buy Bitcoin cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for BTC.

  • Buy Bitcoin with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
  • Buy Bitcoin with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
  • Buy Bitcoin with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
  • Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Bitcoin (BTC)?

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Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Bitcoin then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Bitcoin wallets to use are MetaMask and the Ledger Nano S.

Is Bitcoin (BTC) a good investment?

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Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Bitcoin and its token to help you decide whether to invest in BTC.

  • Bitcoin’s goal is to create a viable currency outside of the control of a centralised institution. Bitcoin is built on a blockchain, a decentralised ledger that stores a public record of all transactions. It is not controlled by any one individual or company, so it represents an alternative to the traditional financial system.
  • Bitcoin was the first cryptocurrency and is by far the most popular. Bitcoin was developed in response to the 2008 Financial Crisis. The Bitcoin white paper was released in the same year. It has a far longer track record of success than any other crypto, along with a simple aim.
  • There is a fixed maximum supply of Bitcoin. There will never be more than 21 million Bitcoin in existence. The Bitcoin code is written so that the incentive for mining new coins is reduced regularly – these events are known as a ‘halving’ – and the final Bitcoin won’t be created until about 2140. But the fixed supply means that it benefits from scarcity that drives up the price.
  • You can speculate on Bitcoin, use it as a store of value, or as a means of making payment online. While many cryptos are purely speculative assets, Bitcoin has a practical use as a means of buying things, or as a way of storing your wealth outside of a bank or financial institution. It has been called ‘digital gold’, and it can help to think of it in that way: as a long term store of value.
  • Bitcoin has a lot of institutional support. Financial institutions like Goldman Sachs have added Bitcoin to their balance sheets. Many Bitcoin ETFs and funds now exist, which helps to stabilise the price and increase trust. Companies like Tesla and Microstrategy are also famously long Bitcoin and have added billions of dollars’ worth to their own balance sheets.
  • Cryptocurrency experiences much larger price swings than traditional investments. While a large stock, like Apple, might only move 2-3% in a day, it’s quite common for Bitcoin to swing 5% or more. You have to be mentally prepared for that sort of daily swing in the value of your investment in order to buy Bitcoin.
  • Bitcoin is built on an energy-intensive, Proof of Work blockchain. A Proof of Work blockchain requires ‘miners’ to operate. Bitcoin miners run powerful computers that require a lot of energy to run, which has proved controversial. This form of blockchain is incredibly secure – the Bitcoin blockchain is near enough impossible to hack – but the trade off is large energy consumption.

Use this quick summary of pros and cons to compare Bitcoin with other, similar projects.

Pros

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  • The original and most popular cryptocurrency
  • The total supply of Bitcoins is limited to 21 million
  • You can use Bitcoin to buy things online or as a store of value
  • The Bitcoin blockchain is extremely secure thanks to its Proof of Work mechanism
  • Many companies and institutions have bought into Bitcoin in the past couple of years

Cons

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Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

How has Bitcoin (BTC) performed this year?

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The current Bitcoin price today is $16,788.40, 73.93% below its all time high of $64,400, which it reached on 12 November 2021. BTC is down 64.83% this year, with a 52 week high of $50,848.10 and a 52 week low of $15,760. 

Is now a good time to buy Bitcoin?

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The answer depends on the current price and your own investment goals. Put simply, buying Bitcoin, selling Bitcoin, and trading BTC are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.

  • If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Bitcoin.
  • As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Bitcoin and its decentralised aggregator platform, then a good time to purchase Bitcoin is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Bitcoin and selling it the next day probably isn’t why you’re here either.

Regardless, closely following BTC price news & analysis will help you decide when to pull the trigger:

With Bitcoin price breaking above $41,000 on Monday – it did briefly touch $42,000 – many wallets are in profit. Indeed, on-chain data shows more than 80% of Bitcoin holders are now profitable after the price crossed the $41k mark. Amid the overall market exuberance, El Salvador’s President Nayib Bu
In a remarkable turn of events, Bitcoin price has soared past the $41,000 mark, triggering a cascade of liquidations and stirring excitement in the cryptocurrency market. The BTC surge is not merely a price movement; it’s a convergence of factors ranging from institutional adoption and influen
The fear of missing out (FOMO) has set in in the crypto and stock market as investors predict that the Federal Reserve will start cutting interest rates in the first half of last year. This view is supported by the falling US dollar index (DXY), which has retreated to $103.2 and the fear and greed [
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FAQs

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Where can I buy Bitcoin (BTC)?
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s buying into Bitcoin the same as stock?
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Risk disclaimer
Max Adams
Editor of Education
Max was the Editor of Education for Invezz from 2019-2021, overseeing the wider investment educational strategy. He has written for financial publications for over 5 years,... read more.
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.