How to Buy Bitcoin (BTC)

See how you can buy Bitcoin online through a regulated broker or an exchange using your credit card, debit card or PayPal. We discuss 3 tried-and-tested strategies to get started.

AvaTrade (AvaTrade.com) is an award winning online broker. Access a wide range of markets spanning Forex, crypto-currencies, shares, metals and more on competitive spreads.

  • Currency pairs: 60
  • Markets: Commodities, Cryptos, Forex, Gold & metals, Indices, Oil, Shares
  • Platforms: Copy trading, MetaTrader 4, MetaTrader 5
  • Regulators: Australia, BVI, Ireland, Japan, South Africa, UAE
  • Incorporated: 2006

$100
deposit

1:400
leverage

0.9 pips
EUR/USD

$100
deposit

1:30
leverage

0.9 pips
EUR/USD

$100
deposit

1:400
leverage

1.9 pips
EUR/USD

$100
deposit

1:30
leverage

1.9 pips
EUR/USD

$100
deposit

1:400
leverage

0.6 pips
EUR/USD

Risk warning ?

HotForex (HotForex.com) is an award winning Forex and commodity broker, providing trading services and platforms to both retail and institutional clients.

  • Currency pairs: 47
  • Markets: Commodities, Cryptos, Forex, Gold & metals, Indices, Oil, Shares
  • Platforms: Copy trading, Currenex, MetaTrader 4, MetaTrader 5, Mirror trading
  • Regulators: CySEC, France, Germany, Mauritius, South Africa, UK
  • Incorporated: 2010

$5
deposit

1:1000
leverage

1.2 pips
EUR/USD

$100
deposit

1:500
leverage

1.2 pips
EUR/USD

$100
deposit

1:500
leverage

1.2 pips
EUR/USD

LiteForex (LiteForex.com) is an international ECN Forex broker. Trade a wide range of markets on Metatrader 4 or 5. LiteForex accepts a wide range of deposit methods, including Bitcoin, Monero and other cryptos.

  • Currency pairs: 56
  • Markets: Cryptos, Forex, Gold & metals, Indices, Oil, Shares
  • Platforms: Copy trading, MetaTrader 4, MetaTrader 5, Mirror trading
  • Regulators: CySEC
  • Incorporated: 2005

$50
deposit

1:500
leverage

2 pips
EUR/USD

$50
deposit

1:500
leverage

0 pips + $5/lot
EUR/USD

Risk warning ?

Buy shares outright or trade CFDs on shares, indices, Forex, cryptocurrencies and more*. Connect with over 6 million other investors, follow or copy their trades in real-time on eToro.com.

  • Currency pairs: 47
  • Markets: Commodities, Cryptos, Forex, Gold & metals, Indices, Oil, Shares
  • Platforms: Copy trading, Mirror trading
  • Regulators: Australia, CySEC, UK
  • Incorporated: 2007

$400
deposit

1:30
leverage

3 pips
EUR/USD

$1000
deposit

1:30
leverage

3 pips
EUR/USD

$10000
deposit

1:30
leverage

3 pips
EUR/USD

$400
deposit

1:400
leverage

3 pips
EUR/USD

Risk warning ?

FXPRIMUS (FXPrimus.com) is a regulated ECN broker with exposure to Forex and a wide range of asset classes. It prides itself in creating a safe and secure trading environment

  • Currency pairs: 43
  • Markets: Cryptos, Forex, Gold & metals, Indices, Oil, Shares
  • Platforms: Copy trading, MetaTrader 4, Mirror trading
  • Regulators: CySEC, South Africa, Vanuatu
  • Incorporated: 2009

$100
deposit

1:30
leverage

1.5 pips
EUR/USD

$500
deposit

1:30
leverage

0.3 pips + $10/lot
EUR/USD

$100
deposit

1:1000
leverage

1.5 pips
EUR/USD

$500
deposit

1:1000
leverage

0.3 pips + $10/lot
EUR/USD

Risk warning ?

Trade Forex and CFDs on over 10,000 stocks, indices, commodities and currency pairs when you open an IRESS account with FPMarkets. FPMarkets also supports MetaTrader 4 and 5.

  • Currency pairs: 65+
  • Markets: Commodities, Cryptos, Forex, Gold & metals, Indices, Oil, Shares
  • Platforms: Copy trading, MetaTrader 4, MetaTrader 5
  • Regulators: Australia, CySEC
  • Incorporated: 2005

$100
deposit

1:500
leverage

1.19 pips
EUR/USD

$100
deposit

1:500
leverage

0.09 pips + $3.5/lot
EUR/USD

$100
deposit

1:500
leverage

1.19 pips + $3.5/lot
EUR/USD

$100
deposit

1:500
leverage

0.09 pips + $3.5/lot
EUR/USD

Trade without restrictions with OctaFX (OctaFX.com), an international broker headquartered in St. Vincent & The Grenadines. Access CFDs on currency pairs, indices, precious metals and commodities on MetaTrader 4, MetaTrader 5 or cTrader.

  • Currency pairs: 28
  • Markets: Cryptos, Forex, Gold & metals, Indices, Oil
  • Platforms: Copy trading, cTrader, MetaTrader 4, MetaTrader 5
  • Regulators: Saint Vincent and the Grenadines
  • Incorporated: 2011

$100
deposit

1:500
leverage

1.1 pips
EUR/USD

$500
deposit

1:200
leverage

0.5 pips
EUR/USD

$100
deposit

1:500
leverage

0.7 pips + $3/lot
EUR/USD

Trade Forex, shares and precious metals on competitive spreads through ForexMart, an international ECN broker. ForexMart supports all trading styles, including scalping, through MetaTrader 4.

  • Currency pairs: 60+
  • Markets: Cryptos, Forex, Gold & metals, Shares
  • Platforms: MetaTrader 4
  • Regulators: Saint Vincent and the Grenadines
  • Incorporated: 2015

$15
deposit

1:500
leverage

1.5 pips
EUR/USD

$200
deposit

1:500
leverage

0.9 pips
EUR/USD

$1
deposit

1:500
leverage

0 pips + 0.02%
EUR/USD

Trade CFDs on Forex, shares, indices, commodities and ETFs commission-free with Plus500.com. Plus500 is regulated in several jurisdictions and listed on the London Stock Exchange.

  • Currency pairs: 52
  • Markets: Commodities, Cryptos, Forex, Gold & metals, Indices, Oil, Shares
  • Platforms: NA
  • Regulators: Australia, CySEC, New Zealand, Singapore, South Africa, UK
  • Incorporated: 2008

$100
deposit

1:300
leverage ?

1 pips
EUR/USD

$100
deposit

1:300
leverage ?

1 pips
EUR/USD

Risk warning ?

NordFX (NordFX.com) is an international Forex broker serving traders worldwide from its headquarters in Mauritius.

  • Currency pairs: 33
  • Markets: Cryptos, Forex, Gold & metals, Indices, Shares
  • Platforms: Copy trading, MetaTrader 4
  • Regulators: Mauritius
  • Incorporated: 2008

$10
deposit

1:1000
leverage

2 pips
EUR/USD

$250
deposit

1:1000
leverage

1.2 pips
EUR/USD

$500
deposit

1:1000
leverage

0.3 pips + $3.5/lot
EUR/USD

$
deposit

1:5
leverage

0 pips + $20/lot
EUR/USD

#1. Buy CFDs on the price of Bitcoin

Buy or sell CFDs (Contract for Difference) on the price of Bitcoin through regulated brokers like AvaTrade.com, eToro.com or FxPro.com. When you buy a CFD on the price of Bitcoin, you aren't buying Bitcoin. Instead, you are speculating on the price of the crypto-currency. For example, you should buy a CFD if you expect the price of Bitcoin to rise, with a view to sell it later for more, to realise a profit. Alternatively, you should sell a CFD if you expect the price of Bitcoin to fall, with a view to buy it later for less, to realise a profit.

Pros

When you trade CFDs, you'll never be at risk of having your crypto-currency stolen or hacked. This is because you don't own assets. You are simply speculating on price changes.

CFDs allow you to profit from rises and falls in the price of Bitcoin. Interestingly, you can sell a CFD (go short), without owning Bitcoin, because you are only speculating on changes in price. Open a demo account to see for yourself.

All CFD brokers allow you to borrow to finance your investment. Because Bitcoin is particularly volatile, most brokers will cap maximum leverage. Use leverage with caution, as it can magnify your gains, as well as your losses.

Cons

If you leverage your trades, you will pay your broker interest on your borrowings. This form of interest is known as "swap fees" in the industry's jargon. They may be either positive or negative, depending on the direction of interest rates. You should enquire about these fees with your broker.

#2. Buy Bitcoin through an electronic wallet

You can also buy Bitcoin through Skrill.com and Neteller.com, two established electronic wallets. These platforms are similar to PayPal: first fund your account, then shop online without sharing your card or bank account details. Once you've opened an account with Skrill and added funds, you can buy Bitcoin and other crypto-currencies online. Skrill allows you to place conditional buy or sell orders that only execute once certain price points have been reached. You can also build your reserves over time through scheduled purchases.

Pros

Skrill and NETELLER offer a safe and easy way to buy Bitcoin online. You could open an account in minutes and fund it through a bank transfer or card payment. You can use your account immediately, albeit with lower deposit and withdrawal limits, until you have verified your identity.

Skrill and NETELLER also provide clarity of pricing, charging 1.50% when you convert crypto-currency into USD or EUR and 3% otherwise. These fees apply on both sides of a transaction.

Cons

When you buy Bitcoin, you can only profit from increases in price. This means you'll need to time your purchase around a dip in the market, or buy if you expect prices to continue to rise. Otherwise, you'll have to bide your time, which you may find frustrating.

#3. Buy Bitcoin through an exchange

If you are new to crypto-currency, your first point of call may be to buy crypto-currency on an exchange, such as HitBTC or Binance. When you buy Bitcoin through an exchange, you'll swap your local currency for the crypto-currency. You can either store your coins with the exchange or transfer them to a crypto-wallet or even offline storage for security.

Pros

Buying Bitcoin through an exchange is, by all accounts, the longest running way to buy Bitcoin. By 2013, the Mt. Gox exchange accounted for 70% of all transactions worldwide. However, the exchange was hacked and hundreds of thousands of coins were stolen, most of which have never been recovered to this day.

Cons

Crypto-currency exchanges have a poor track record at security. This is why, you'll need to open a crypto-currency wallet or store your coins offline to keep them safe. Offline storage does offer peace of mind, but is susceptible to theft or loss.

It can take many days to open and fund an account with a Bitcoin exchange if you live outside of the USA. Delays can arise when you attempt to fund your account or undergo compliance checks. These steps have become more cumbersome as the industry is more regulated now than it was in its infancy. This can be a concern if you are looking to take advantage of sudden price changes.

You may also find the lack of transparency around pricing frustrating. You'll pay either the exchange a commission or spread when converting fiat currency into Bitcoin. Some platforms will also charge ongoing platform fees.


FxPro

MT4 Floating - Instant Execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant ... More

  • $500 deposit
  • 1:500 leverage ?
  • 1.71 pips EUR/USD
Risk warning ?

AvaTrade

AvaTrade Account [BVI]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage ?
  • 0.9 pips EUR/USD
Risk warning ?

HotForex

Premium Account

Trade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads ... More

  • $100 deposit
  • 1:500 leverage ?
  • 1.2 pips EUR/USD

AvaTrade

Professional Account [EU]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage ?
  • 0.6 pips EUR/USD
Risk warning ?