There are many different places to buy bitcoin you could choose from, so we decided to share our favorites with you.
Best for: Investors who want to trade Bitcoin, as well as stocks and options.
Robinhood is one of the best stock brokers for beginners, but it’s also a best place to buy Bitcoin for many people. For one thing, it’s one of the only places to buy and sell Bitcoin with no transaction fee. For investors who already have Robinhood accounts for stock trading, there’s no need to open a separate account to buy and sell Bitcoin. Plus, Robinhood has the best cryptocurrency selection of any platform we know that isn’t an exchange platform specifically made for cryptocurrency. The user-friendly app makes its platform a best place to buy Bitcoin and 17 different digital currencies fast.
Best for: People of all experience levels who want a full-featured cryptocurrency exchange.
Coinbase is one of the best cryptocurrency exchanges and the largest in the U.S. It offers a wide selection of 43 cryptocurrencies for trading. There is also an advanced trading platform for active cryptocurrency traders. Coinbase isn’t the cheapest place to buy and sell cryptocurrencies, but it does have a feature where users can earn free cryptocurrencies for learning about new ones, which can help offset the cost.
Best for: People who want to occasionally buy, hold, and sell Bitcoin.
Cash App is perhaps the most user-friendly way for beginners to buy and sell Bitcoin. There’s no separate account needed — if you use the Cash App to send money, you’re already equipped to buy Bitcoin. Bitcoin is currently the only cryptocurrency supported on Cash App. However, there’s also a stock trading feature that lets users easily buy and sell stocks, even fractions of a share at a time.
Best for: Consumers who want access to dozens of cryptocurrencies and the ability to earn interest on them.
Gemini is another best place to purchase Bitcoin. It’s one of the largest cryptocurrency exchanges, offering more than two dozen different cryptocurrencies for trading. Gemini has some unique features that might appeal to users of all skill levels. For one thing, the platform offers a payment feature. This allows users to spend their cryptocurrencies in more than 30,000 retail locations nationwide. The platform also offers the Gemini Earn feature, which allows users to earn interest on their unused cryptocurrency balances.
Best for: Beginners who want to buy and sell Bitcoin and improve their overall financial lives.
SoFi isn’t a cryptocurrency exchange. Rather, it is more of a financial ecosystem, offering loans, savings accounts, credit products, stock investing, and, yes, Bitcoin. In fact, SoFi offers four different cryptocurrencies through its easy-to-use platform. SoFi’s transaction fee for Bitcoin is somewhat higher than the other non-exchanges on this list. However, the overall usefulness of the platform could be a draw for many users and makes it a best…