Bitcoin is the world’s first and most popular cryptocurrency. It is also the top performing asset in the world, rising in value from just a few cents in 2010 to as high as $69,000 just over a decade later, that all-time high being hit in Nov 2021. People buy Bitcoin for various reasons. It’s seen as a hedge against inflation, a store of value – like ‘digital gold’ – and a medium of exchange. Many expect it to set new highs following the 2024 Bitcoin halving, and as of 2023 the Bitcoin price is trading at a discount. If you’re new to Bitcoin, you’ll want to learn how it works and the best places to buy Bitcoin safely. There are many platforms that vary in the services they offer, trading features, fees, and deposit methods. In this how-to guide, we walk you step by step through how to buy Bitcoin online and review the best crypto exchanges. How to Buy Bitcoin (BTC) – Quick Guide Choose a Bitcoin exchange – we recommend eToro.com as it’s FCA, ASIC and CySEC regulated Create an account and deposit funds – Paypal, credit card, bank transfer and more methods are accepted Search ‘Bitcoin’ or ‘BTC’ in the top menu Click ‘Open Trade’ and select an amount of Bitcoin to buy Best Places to Buy Bitcoin in March, 2023 Invest£=Bitcoin CashBitcoin CashCardanoDashEthereumEthereum ClassicIOTALitecoinStellarXRPBinance CoinEOSNEOTezosTRONZCashChainlinkUniswap Protocol TokenDogecoinyearn.financeDecentralandAlgorandBasic Attention TokenPolygonShiba InuEnjin CoinMakerCompoundBitcoinPolkadotSolanaFTX TokenTerraAaveAvalancheBalancerBancor Network TokenBand ProtocolCeloChilizCosmosFantomHedera HashgraphSerumStorjSushiSynthetixThe GraphThetaUMAKyber NetworkLoopringOrchid ProtocolQuantREN1inchAxie Infinity ShardsThe SandboxAnkr NetworkAmpAPI3LivepeerMy Neighbor AliceOrigin ProtocolCrypto.com Chain TokenSKALE NetworkFileCoinAsia Pacific Electronic CoinSparkGalaCurve DAO Token0xFetch.AICartesiTetherSwipeElrondMatic NetworkBitTorrentVeChainHydro ProtocolSolaOasis LabsRaydiumIlluviumRender TokenAlien WorldsYield Guild GamesTravalaPancakeSwapEthernity ChainHarmonyImpactGasMercury ProtocolNearAugurNumeraireMulti Collateral DaiOMG NetworkWrapped BitcoiniEx.ecGemini DollarPARSIQUSD CoinPaxos StandardDecredBitcoin SVDFI.moneyStoxVergeDaiHoloMoneroRavencoinRefreshMore Filters6 Providers that match your filtersSort ByRatingRatingPrice6 Providers that match your filters Payment methodsGiropayNetellerPaypalSepa TransferSkrillSofortFeaturesInstant VerificationFor BeginnersWallet ServiceMobile AppUsabilityVery GoodGoodAverageBadSupportVery GoodGoodAverageBadFees0 or betterSafety0 or betterCoin selection0 or betterRating0 or betterClear FilterRatingfor £1000 you get0.0489 BTCFeaturesEasiest to depositMost regulatedCopytrade winning investorsFeesSafetyCoin selectionfor £1000 you get0.0489 BTCBuy CryptoRead Review68% of retail CFD accounts lose money.FeaturesPayment methodsLoad more + Where to Buy Bitcoin Online Safely – eToro Tutorial Looking for a more comprehensive walkthrough of how to buy Bitcoin online? If so, the section below will show you exactly what you need to do to get your hands on Bitcoin in the safest and most cost-effective way possible. Step 1: Open an Account The end-to-end process of opening an account, depositing funds, and buying Bitcoin can typically be completed in less than 10 minutes at eToro. This is because the platform uses automated technology to verify your personal details. To get started investing in Bitcoin, visit the eToro.com website and create a free account. You will see a box like the image below and will need to enter your first and last name, email address, phone number, and a username and password. Visit eToro On the next page, you will then be asked for additional personal information – such as your country of residence, home address, date of birth, and national tax number. eToro will then send an SMS to your mobile phone. To complete your registration, enter the code that eToro sends you when prompted. Step 2: Upload ID As noted above, eToro is regulated by several reputable bodies. As such, you will need to have your identity verified. You can actually complete this step at a later date – but it does need to be done before you are able to: Deposit more than $2,250 Make a withdrawal With this in mind, it’s best to quickly upload the required documents now to avoid any delays in the future. This requires a copy of your: Passport, driver’s license, or national ID card Utility bill or bank account statement issued within the last 3 months In most cases, eToro will authenticate your documents straight away and subsequently remove all account restrictions. Step 3: Make a Deposit eToro doesn’t offer direct Bitcoin purchases – meaning that you will first need to deposit some funds. Apart from a bank transfer, all deposit methods are credited to your account instantly. You can choose from: Debit/credit card (Visa, MasterCard, Maestro) Paypal Skrill Neteller Local bank transfer (country-specific) International bank wire In terms of fees, eToro charges just 0.5% on deposits – irrespective of the payment method. This is much cheaper than some of its main competitors, with the likes of Coinbase charging 3.99% to buy Bitcoin with a debit card. Furthermore, if you are a US resident depositing funds with a USD-backed payment method, there is no transaction fee at all. In terms of the minimum deposit, this stands at $10 for US and UK residents and $50 for most other countries. Step 4: Search for Bitcoin At this stage of our step-by-step guide, you should now have an eToro account that is funded. Now it’s time to buy Bitcoin. The easiest way of doing this is to enter ‘BTC’ into the search box at the top of the page. Then, you’ll need to click on the ‘Trade’ button to open up an order box. Step 5: Buy Bitcoin You can now buy Bitcoin by entering the size of your stake into the ‘Amount’ box($25 minimum). Finally, click on the ‘Open Trade’ button to complete your investment. Compare Bitcoin Exchanges Visit Site68% of retail CFD accounts lose money.Visit Site74% of retail investor accounts lose money when trading CFDs with this provider.Visit SiteThe price and value of any investment in digital asset products can fluctuate.Visit SiteThe traded price of digital tokens can fluctuate greatly within a short period of time.Visit SiteMarket prices for digital tokens can be volatile and highly unpredictable.Visit SiteAs with any asset, the values of digital currencies may fluctuate significantly.Visit SiteThe value of digital currencies can go up or down frequently.Visit Site71% of retail CFD accounts lose money.Visit SiteAs prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.Rating5.04.74.74.64.54.44.34.14.0Mobile App Rating10/109/109/108/108/109/109/109/1010/10FeaturesMobile AppWalletNumber of Coins7460223617596515123FeesTrading FeesSpreadsSpreads0.1%0.1%0.1%0.1%0.50%Spreads0.2%Deposit FeesN/AN/AN/AN/AN/AN/AN/AN/AN/AWithdrawal Fees$5N/A0.0005 BTCN/AN/AN/AN/AN/AN/AExtrasRegulatedASIC, CySEC, FCACySECN/AN/AN/AFCAFCACBI, MiFIDN/AMin. Deposit$50100 EURN/AN/A$10$10$2$100N/ALeveraged TradingN/AN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x1-200xLatest Prices (per Coin)Bitcoin$25068.05$24919.13$24838.46$40391.88$40393.04$40404.41$40416.27$24906.72$40377.55Ethereum$1725.79$1720.66$1709.98$2796.11$2795.55$2797.45$2796.59$1714.68$2795.54XRP$0.38$0.38N/A$0.23N/A$0.78$0.30$0.38$0.78Tether$1.01$1.01$1.00$1.00N/AN/A$1.00N/AN/ALitecoin$85.58$85.15N/A$109.04N/A$109.10$109.04$85.24$108.99Bitcoin Cash$134.30$134.70N/A$506.41N/A$295.12$295.07$134.63$294.96Chainlink$7.14$7.08N/A$14.26N/A$14.68$14.67$7.18$14.68Cardano$0.35$0.35N/A$0.83N/A$0.83$0.83N/A$0.83IOTA$0.22$0.22$0.22N/A$0.70$1.91$1.91$0.23$0.70Binance Coin$312.55$309.77$309.69N/AN/A$385.92N/AN/AN/AStellar$0.09$0.09N/A$0.19$0.08$0.19$0.19$0.09$0.19Bitcoin SVN/A$37.32N/A$182.50N/AN/AN/AN/A$77.12USD CoinN/AN/AN/A$1.00N/AN/AN/AN/A$1.00EOS$1.14$1.14$1.13$2.06$2.06$2.06$2.05$1.15$2.06MoneroN/A$153.99$151.97N/AN/AN/AN/AN/A$188.31Payment methodsCredit CardGiropayNetellerPaypalSepa TransferSkrillSofort