How to Buy Bitcoin


If you don't feel like mining Bitcoin, the easiest way of acquiring Bitcoin is to buy it with fiat or another cryptocurrency.

There are plenty options to choose from. Let's have a look at the most common ones.

Buy with fiat

Buying with "your" government paper money can be an easy and convenient option. In fact, it's likely your only way to enter the world of Bitcoin and cryptocurrencies in general.

However, you may be required to give up your privacy and go through often very invasive KYC/AML procedures.

If privacy is a big concern, you may want to avoid traditional exchange markets and use alternative ways.

5 Simple Ways to Anonymously Purchase Bitcoin

Bitfinex

Bitfinex is one of the largest crypto exchange markets and trading platforms by volume.

Buy BTC on Bitfinex

Ultimate Tips & Tricks to Effectively Lend USD on Bitfinex

  • KYC required: Yes (photo ID, proof of address)
  • SEPA: Yes
  • Card payment: No
  • International payment: Currently N/A
  • Buy fee: 0.10 - 0.20%
  • Supported cryptocurrencies: Bitcoin, Monero, Litecoin, Ethereum, Ethereum Classic, Zcash, Bitcoin Cash (Bcash) and more

buy  on Bitfinex

Bitstamp

Bitstamp is one of the oldest and most reputed Bitcoin exchange markets with customers mainly from the European Union.

Buy BTC on Bitstamp

  • KYC required: Yes (photo ID, proof of address)
  • SEPA: Yes
  • Card payment: Yes (5000 EUR daily/20000 EUR monthly limit)
  • International payment: Yes
  • Buy fee: 0.25%
  • Supported cryptocurrencies: Bitcoin, Litecoin, Ethereum, Bitcoin Cash (Bcash), Ripple (not really a crypto)

buy  on Bitstamp

Kraken

Kraken is the US-based exchange markets with the largest EUR exchange volume.

Buy BTC on Kraken

  • KYC required: Yes (photo ID, proof of address)
  • SEPA: Yes ($2000 daily/$10000 monthly limit)
  • Card payment: No
  • International payment: Yes
  • Buy fee: 0.16 - 0.26%
  • Supported cryptocurrencies: Bitcoin, Monero, Litecoin, Ethereum, Zcash, Bitcoin Cash (Bcash) and more

buy  on Kraken

Coinbase

One of the most popular Bitcoin exchange markets aimed at newcomers from all around the world.

Buy BTC on Coinbase

Get $10 when you sign up.

  • KYC required: Yes (photo ID)
  • SEPA: Yes
  • Card payment: Yes
  • International payment: Yes
  • Buy fee: 1.49% - 3.99% (SEPA payments are FREE)
  • Supported cryptocurrencies: Bitcoin, Litecoin, Ethereum, Bitcoin Cash (Bcash)

buy  on Coinbase

LocalBitcoins

LocalBitcoins is the largest peer-to-peer exchange market that offers the most payment options (including cash) with users all over the world.

If there's no traditional exchange market in your country, there will likely be at least one seller on LocalBitcoins.

Buy BTC on LocalBitcoins

  • KYC required: Depends on the seller
  • SEPA: Yes
  • Card payment: Yes
  • International payment: Yes
  • Buy fee: 1%

buy  on LocalBitcoins

Cex.io

Once the first cloud mining operator, Cex.io has transformed into an exchange market that mainly focuses on selling bitcoin fast with the lowest credit/debit card fees.

Buy BTC on CEX.io

  • KYC required: Yes (photo ID, proof of address)
  • SEPA: Yes
  • Card payment: Yes (1000€ max limit)
  • International payment: Yes
  • Buy fee: 0.16% - 0.25%
  • Deposit fee: 3.5% - 5% (SEPA deposits are FREE)
  • Supported cryptocurrencies: Bitcoin, Ethereum, Zcash, Bitcoin Cash (Bcash) and more

buy  on Cex.io

Bitpanda

Bitpanda is a European crypto exchange market that supports many different payment options.

Buy BTC on Bitpanda

  • KYC required: Yes (phone number, photo ID, proof of address depending on the tier)
  • SEPA: Yes
  • Card payment: Yes
  • International payment: Yes
  • Buy fee: 5% with a credit/debit card
  • Supported cryptocurrencies: Bitcoin, Litecoin, Ethereum, Dash, Bitcoin Cash (Bcash) and Ripple

buy  on Bitpanda

Bitcoin ATMs

There are many Bitcoin ATMs around the world.

Photo courtesy of GENERAL BYTES

They vary in fees and KYC/AML requirements. Generally speaking, you will pay at least 3% in fees and will have to provide some kind of personal information such as a phone number or photo ID.

find the nearest ATM

Buy with altcoins

Once you've entered the crypto space, it's very easy to buy bitcoin with another cryptocurrency.

Be careful when choosing a crypto-only exchange market though, as they're often shady. There have been many instances of exit scams in the past.

XMR.TO

XMR.TO is a one-way exchange market selling Bitcoin for Monero.

Because of the Monero's private nature, your Bitcoin purchases are untraceable and your coins don't have your identity attached to them.

Buy BTC on XMR.TO

Make Bitcoin Great Again (with Monero's Full Privacy)

  • KYC required: No
  • Sign up required: No
  • Fee: $0 (the exchange rate may differ from other markets)

buy  on XMR.TO

Binance

Binance is the largest cryptocurrency-only exchange market by volume. They are popular mainly because of low fees, high liquidity and low-latency platform.

Buy BTC on Binance

  • KYC required: No, but limits apply
  • Sign up required: Yes
  • Fee: 0.1%

buy  on Binance

Bittrex

One of the largest altcoins-only exchange market. If you're looking to buy Bitcoin with your favorite shitcoin, the chances are Bittrex supports it.

Buy BTC on Bittrex

  • KYC required: Yes
  • Sign up required: Yes
  • Fee: 0.25%

buy  on Bittrex

ShapeShift

ShapeShift is a fuss-free crypto-to-crypto exchange market that lets you instantly buy Bitcoin with another cryptocurrency.

Buy BTC on ShapeShift

  • KYC required: No
  • Sign up required: No
  • Fee: $0 (the exchange rate may differ from other markets)

buy  onBuy BTC on  ShapeShift

Changelly

Changelly is a direct competition to ShapeShift.

Buy BTC on Changelly

  • KYC required: No
  • Sign up required: No, but available
  • Fee: 0.5%

buy  on Changelly

More exchange markets may be added in the future.

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