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 over $60,000 just over a decade later. 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. If you’re new to Bitcoin, you’ll want to learn how it works and the best places to buy Bitcoin. 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. On this Page:Contents [show] How to Buy Bitcoin – Quick Guide Choose a Bitcoin exchange – we recommend eToro as it’s FCA, ASIC and CySEC regulated Create an account Deposit funds into your account Search ‘Bitcoin’ in the drop-down menu Click ‘Open Trade’ and select an amount of Bitcoin to buy Best Places to Buy Bitcoin in May 2022 Invest£=Bitcoin CashBitcoin CashCardanoDashEthereumEthereum ClassicIOTALitecoinStellarXRPBinance CoinEOSNEOTezosTRONZCashElrondChainlinkUniswap Protocol TokenDogecoinyearn.financeDecentralandAlgorandBasic Attention TokenPolygonShiba InuEnjin CoinMakerTetherCompoundBitcoinPolkadotSolanaFTX TokenTerra0xAaveAragonAugurAvalancheBalancerBancor Network TokenBand ProtocolBitcoin DiamondBitcoin GoldBitcoin SVBitsharesBitTorrentBlockstackCeloCelsius NetworkChilizCosmosCurve DAO TokenCyberVeinDaiDecredDFI.moneyElectroneumEnergy Web TokenFantomGnosisGolem Network TokenHedera HashgraphHedgeTradeHeliumHiveHoloHuobi TokenICON ProjectIOS tokenKavaRIF TokenSafeMoonSerumSiacoinSolaStacksStatus Network TokenSteemStorjStoxStratisSushiSwipeSynthetixThe GraphThetaThorchainTomoChainUMAUniBrightUSD CoinUtrustVeChainVergeWavesWrapped BitcoinxDai ChainZBZilliqaKomodoKusamaKyber NetworkLiskLoopringMachine Xchange CoinMatic NetworkMonaCoinMoneroOcean ProtocolOMG NetworkOntologyOrchid ProtocolPAX GoldPaxos StandardPlusCoinQTUMQuantRavencoinRENReserve RightsRevainMulti Collateral DaiNanoNEMNervos Network1inchAxie Infinity ShardsHoge FinanceAlien WorldsYield Guild GamesThe SandboxAnkr NetworkCrypto.comHydro ProtocolOasis LabsRaydiumIlluviumRender TokenGalaTravalaPancakeSwapEthernity ChainHarmonyNumeraireiEx.ecRefreshMore 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 get0.0409 BTCWhat we likeEasiest to depositMost regulatedCopytrade winning investorsFeesSafetyCoin selectionfor £1000 you get0.0409 BTCBuy CryptoRead Review68% of retail CFD accounts lose money.FeaturesPayment methodsLoad more + How to Buy Bitcoin – 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. So, to get the ball rolling, visit the eToro website and look out for the ‘Join Now’ button. 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 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.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.Rating5.04.94.74.74.64.54.44.34.1Mobile App Rating10/1010/109/109/108/108/109/109/109/10FeaturesMobile AppWalletNumber of Coins13410859223412465215FeesTrading FeesSpreads0.2%Spreads0.1%0.1%0.1%0.1%0.50%SpreadsDeposit FeesN/AN/AN/AN/AN/AN/AN/AN/AN/AWithdrawal Fees$5N/AN/A0.0005 BTCN/AN/AN/AN/AN/AExtrasRegulatedASIC, CySEC, FCAN/ACySECN/AN/AN/AFCAFCACBI, MiFIDMin. Deposit$50N/A100 EURN/AN/A$10$10$2$100Leveraged TradingN/A1-200xN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30xLatest Prices (per Coin)Bitcoin$30374.69$40377.55$30493.14$30394.43$40391.88$40393.04$40404.41$40416.27$30477.95Ethereum$2107.65$2795.54$2082.83$2069.90$2796.11$2795.55$2797.45$2796.59$2075.59XRP$0.44$0.78$0.43N/A$0.23N/A$0.78$0.30$0.43Tether$1.00N/AN/A$1.00$1.00N/AN/A$1.00N/ALitecoin$71.45$108.99$70.47N/A$109.04N/A$109.10$109.04$70.54Bitcoin Cash$207.36$294.96$206.14N/A$506.41N/A$295.12$295.07$206.03Chainlink$7.70$14.68$7.72N/A$14.26N/A$14.68$14.67$7.82Cardano$0.59$0.83$0.59N/A$0.83N/A$0.83$0.83N/AIOTA$0.40$0.70$0.39$0.39N/A$0.70$1.91$1.91$0.39Binance Coin$311.47N/A$304.32$304.25N/AN/A$385.92N/AN/AStellar$0.14$0.19$0.14N/A$0.19$0.08$0.19$0.19$0.14Bitcoin SV$54.51$77.12$54.19N/A$182.50N/AN/AN/AN/AUSD Coin$1.01$1.00N/AN/A$1.00N/AN/AN/AN/AEOS$1.39$2.06$1.37$1.36$2.06$2.06$2.06$2.05$1.38Monero$171.87$188.31$172.55$170.30N/AN/AN/AN/AN/APayment methodsCredit CardGiropayNeteller