10 Best Places to Buy Bitcoin in 2020

Bitcoin, once a cryptocurrency only traded by cyber geeks, has now become the biggest and most legitimate digital currency. Trading Bitcoin has now become a regular part of the currency exchange market for investors, and many people still believe that it will be the currency of the future.

Bitcoin is still a highly volatile currency, so while you can win big, you can also lose big. Currently, the currency only used for online purchases and investments. But if you are looking to invest in a currency that is outside the control of the government of any nation, then Bitcoin might be your answer.

But where can you safely buy and sell Bitcoin? Here are our top ten choices. (Don’t forget, you will also need a place to store your digital currency.)


Binance is an online platform that allows you to interact with a number of digital currencies, including Bitcoin, Ethereum, and Binance Coin (BNB), their very own currency.

The site has incredibly low rates at just 0.1% for trades. But they can afford to do that because, unlike some of the other platforms on this list, Binance is not insured, so you aren’t covered in case of fraud.

But this is the application to use if you want to explore digital currencies beyond Bitcoin. You can also discover EOS, Skycoin, TRON ICON, Litecoin, Ripple, Stellar Lumens, and much more.


Bisq is a digital currency trading site that takes decentralization to a new level. You don’t even need a bank account to use the site – since they are government controlled – instead you have 26 different payment methods to choose from.

Rather than a marketplace, Bisq is downloadable software that enables peer-to-peer transactions, so it is designed much like Bitcoin itself. While this will appeal to many hardcore fans, it does mean that it is challenging for beginners to use.

Fees are low, at just 0.2% when selling and 0.6% when buying, but trading volumes are generally low.


BlockFi is a digital currency exchange with a difference, as in addition to trading, you can also lend against your holdings. In this way, you can earn up to 8.6% per year on your cryptocurrency holdings.

As well as lending, you can borrow against your currency, rather than selling. The minimum loan amount is $5,000, for which you will need to put up 50% of your holdings as collateral. There is a maximum loan duration of 12 months, and interest rates are currently around 4.5%.

It is simple to manage your investment with their mobile app, available on iOS and Android, and fees are low.

Cash App

This is a mobile application that allows you to buy and sell Bitcoin for free, no fees attached. Developed by Square, a leader in mobile credit card readers, it ties in with many of the other services that they supply, making it very convenient.

Your Bitcoin currency is held in your Square Cash account, where you can sell and withdrawal. But it is not a simple to tie in with your bank account as on some other platforms.

The drawback with Square is that it limits Bitcoin purchases to $10,000 a week. While this won’t worry the majority of users, bit hitter should look elsewhere.


Coinbase is the biggest and more respected Bitcoin platform operating in the United States. You can exchange Bitcoin on their site, and they also offer wallet facilities for storing and managing your hoard of the cryptocurrency.

Connect directly to your bank to make transfers easy, and pay just 1.49% for US based Bitcoin transactions.

Their wallet is considered one of the most secure, and is easily accessible via a web or mobile app. Balances of up to $250,000 are also insured against theft or online breach.

Coinbase Pro

No, this isn’t an extension of Coinbase, but rather the company formerly known as GDAX. It is a serious trading platform that uses the same technology as other stock, commodity, and option trading platforms.

Fees range from 0.04% to 0.5% depending on how much you are trading, and this is the idea platform if you want to trade in high volume.

Like Coinbase, Coinbase Pro insures cash up to $250,000, and they have a sophisticated offline physical storage system to minimize the threat of theft.


If you just want to dabble, and you don’t want to invest a lot of time in learning how to use a complex system, you can complete your first transaction on Coinmama in just a few clicks.

Trading in US dollars, Euros and a number of major digital currencies, expect to pay a little more for the convenience at 3.9% per buy transaction.

Transactions are limited, as you are not actually trading on the open market, but rather trades are funded using Coinmama’s own holdings. This means that there is extra security, but also limitations.


While eToro has been active in Europe for quite some time, it has only recently started trading in the United States, so it is a new yet mature scheme.

They trade in a number of different digital currencies, there is a minimum $50 investment, and fees range between 0.75% and 2.90%.

This is a great platform for people just starting out for two reasons. First there is a practice zone where you can play around and figure out how it all works before investing real money. They also offer social trading, which allows you to copy the trade of top investors on the platform.


Gemini is considered by many the safest Bitcoin training platform. Based in the US, it has FDIC protection for US dollars, and it has never been hacked (that we know about). It prioritizes security in all its features, which will appeal to many users.

It offers both a cryptocurrency exchange and one of the safest digital wallets that you will find anywhere. Fees are mid-range, with a convenience free of 0.5% and transaction fee of 149% or $0.99, whichever is higher.

This is another site that might not appeal to big traders as there are strict limits. The maximum daily funding limit is just $500.


Named for the famous outlaw who also didn’t think much of government fiscal policies, this website is completely free, and they don’t take any commission on your trading or transactions.

Robinhood was originally a stock brokering site, and you can store your Bitcoin in the same wallet you use for your stocks, and it is all easily managed from their mobile app.

The drawback with Robinhood is that it doesn’t actually work in all the states. For example, you can’t use it in Hawaii or Nevada. You can see a full list of where you can use the site here.

The Verdict

If you are ready to start trading Bitcoin, any of these platforms are safe options. Which one is right for you will depend on the volume you want to trade, the type of transactions you intend to make, and how much you know about cryptocurrencies, and how much you need to learn.

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