Compare the best Bitcoin trading platforms in 2022

Billions of dollars’ worth of Bitcoin are traded every day. Here we compare the best Bitcoin trading platforms to show you where to get a piece of the action.
By: James Knight
James Knight
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work,… read more.
Updated: May 25, 2022

Bitcoin is the original and most popular cryptocurrency. It has become so mainstream that it’s now available to trade on every leading trading platform. We have reviewed all the top Bitcoin trading platforms to help match the trader to the right platform, and the results are below.

What are the best Bitcoin trading platforms?

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$0
Promotion
User Score
9.3
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Description:
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Payment Methods
Full regulations list:
3
Min. Deposit
$0
Promotion
User Score
8.7
Earn up to 3.5% back in crypto on every purchase
No hidden fees or minimum balance
Immediate Trade Execution
Start Trading
Description:
BlockFi was created to provide credit services to markets with limited access to simple financial products. BlockFi sets itself apart from other crypto service providers by pairing competitive rates with institutional-quality benefits. BlockFi is the only independent lender with institutional backing from investors that include Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi, and Coinbase Ventures.
Payment Methods
Full regulations list:
4
Min. Deposit
$1
Promotion
User Score
8.5
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
5
Min. Deposit
-
Promotion
User Score
7.9
Sign Up Bonuses
App Available
Supports Multiple Altcoins
Start Trading
Description:
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
Payment Methods
Full regulations list:

Top Bitcoin trading platforms

1. bitFlyer: Best Bitcoin trading platform

BitFlyer is an excellent platform for Bitcoin maximalists. It offers a simple and quality trading experience for Bitcoin and a handful of other cryptocurrencies. The fees are low and the most active traders can unlock better commissions based on 30-day trading volume.

The platform was created by two ex-Goldman Sachs employees, so plenty of know-how has gone into setting up the trading view. If you plan on trading lots of different altcoins as well as Bitcoin, then this isn’t the best option, but for purely Bitcoin-focused traders it’s at the very top of the range.

Sign up with bitFlyer >

Pros

  • Start trading BTC with just $1
  • Lots of mainstream TradFi backers
  • Relatively low trading fees of 0.2%
  • Get better rates the more you trade
  • Offers a cold storage wallet to securely store coins

Cons

2. Coinbase: Best trading platform for beginners

Coinbase is a super simple platform to get started with. It has one of the cleanest interfaces around and a huge variety of payment methods to make your first deposit with. Coinbase is a big name brand now and its status as a public company makes it a trustworthy platform for crypto newbies.

The only downside to Coinbase is its relatively high fee structure. If you’re willing to pay a bit more for the privilege then everything else about the platform is excellent. Beginners can find everything they need on the vanilla platform, but the Pro version offers a more advanced trading interface for experienced users.

Sign up with Coinbase >

Pros

  • Buy Bitcoin with your debit or credit card
  • Coinbase Pro is a great option for advanced traders
  • Extremely simple exchange interface

Cons

3. FTX: Best Bitcoin exchange

FTX has everything that advanced users and experienced BTC traders need to make the most of their money. The trading interface is packed with information, so it can be intimidating to new users but is excellent for people who need the extra details to trade.

FTX is a relative newcomer in the space but has quickly established itself as a market leader. There are some limits to the trading experience in certain countries (for example, derivative trading in the UK is limited by law) but the range of options available is enormous. FTX offers markets that are not available on most other trading platforms.

Sign up with FTX >

Pros

  • Highly liquid market so plenty of trading opportunities
  • The more you trade, the lower the commissions
  • Can deposit Bitcoin into your account

Cons

4. eToro: Best CFD trading platform

eToro is an excellent all round broker that offers free trading on Bitcoin and lots of other cryptocurrencies. It’s another great platform for beginners, because it’s easy to sign up and you can copy other traders moves through its CopyTrader social trading feature.

Some of eToro’s features are limited in certain countries, such as the United States, but to the rest of the world it’s the best crypto broker around. The more active you are, the more benefit you can gain from the free trading option, and it’s an excellent place to develop your own trading strategy by following the work of others.

Sign up with eToro >

Pros

  • Zero fee trading
  • Trade lots of other cryptos as well as BTC
  • Copy professional traders with CopyTrader feature

Cons

*68% 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 

5. Binance: Best for low fee trading

Binance is the largest crypto trading platform where you can buy Bitcoin at a great price. The fees are among the lowest of any trading platform and there are further discounts available if you pay them in BNB, Binance’s native cryptocurrency.

The popularity of the platform means that there is always enough liquidity to make trades and there are lots of trading options available. You can buy or sell Bitcoin outright, or trade futures and swap it for other cryptocurrencies. The only challenge to overcome is that the interface isn’t all that intuitive the first time you use it.

Sign up with Binance >

Pros

  • Low trading fees
  • Discount on trading fees if you pay in BNB
  • Lots of trading options

Cons

What is a Bitcoin trading platform?

Any website where you can buy and sell Bitcoin. A trading platform can be an exchange, where you trade directly with other users, or a broker, where you buy and sell from the platform itself. Exchanges offer the best prices, while brokers are easier and more convenient to use.

We have included both types of platforms in our comparison as they offer a similar service. The right Bitcoin trading platform for you depends on your level of experience and how many extra features you want to help you trade.

How does a BTC trading platform work?

At a most basic level, it works by matching buyers and sellers together. The exact method varies depending on the platform, but it offers a buy and sell price for Bitcoin based on supply and demand. If there are more people trying to buy than sell, the price will go up, and vice-versa.

Brokers tend to offer a buy and sell price that you can use to execute a trade instantly. An exchange offers more information and you can use that to set a price you’re willing to buy or sell at in advance and wait for another user to take the bid.

How should I choose a trading platform?

The most important thing to consider is price. You want to find a platform that routinely offers the best buy and sell price and also charges the lowest trading fees. That was the main ranking factor we used to rate each platform but there were others, which you can find below.

  • Cost of trading. Prioritise cost as fees can make a big difference to your bottom line. Trading is often about making small profits on lots of activity, so try to pay as little as possible for every move.
  • Ease of use. Sign up for a platform that makes it easy to find everything you’re looking for. Look for a clean interface that signposts its most important features, has a simple search bar, and ideally has an app so that you can trade whenever you like.
  • Leveraged trading options. Many traders like to use leverage to make their money go further. Each platform has different rules on leverage and it can range from not being available at all to 1:50 or higher.
  • Security. Look for platforms that are regulated with financial authorities, such as the FCA or FSA, or which offer insurance up to a high monetary value. You want to be able to trust any platform that handles your money and to be protected in case anything goes wrong.
  • Range of coins available. If you plan on trading other coins beyond Bitcoin, then an exchange is often the best bet. Some exchanges offer hundreds or thousands of cryptocurrencies so you can trade whatever you please.

Should I use a Bitcoin trading platform?

It’s almost always the right choice for anyone who wants to trade Bitcoin. If you want to make lots of trades using leverage then a dedicated trading platform is the right choice. If you’re new to the game and want to start small, many of these platforms work for that strategy too.

Any trading strategy has risks, because the market can be unpredictable and move against you at any time. However, by basing your trades on a reliable method of technical analysis you can maximise your chances for success. Any of the platforms on this page can help you develop the strategy and place your Bitcoin trades.

Pros and cons of trading platforms

As experienced crypto traders, we can help guide you in the right direction when it comes to choosing a trading platform. Here is a summary of the pros and cons of using one to help you decide where to start.

Pros

  • Can start trading with just $1
  • Many platforms offer free trading
  • Can use leverage to make your money go further
  • Bitcoin is highly liquid and offers lots of trading opportunities

Cons

What are the fees for trading Bitcoin?

Many platforms offer zero fee trading. eToro is the best known broker that offers free trading many others have followed suit. Those platforms make money on the difference between the buy and sell price for Bitcoin, known as the ‘spread’, instead of charging for the trade itself.

Other BTC trading platforms charge a small fee. This is either charged as a percentage of the total trade value (expect around 0.2% to 0.5% as a guide), or as a flat fee (roughly $1 as a guide). 

FAQs

What is the best Bitcoin trading platform?
What is the safest platform to trade Bitcoin?
What is the best UK Bitcoin trading platform?
How do beginners trade Bitcoins?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Lead content editor
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work, James is an avid trader and golfer… read more.