Investing in Bitcoin is all the rage but how exactly does a beginner get started?
Do you need to already have Bitcoin to invest?
Or do you transfer money from your bank account to somewhere and convert it to Bitcoin? What does that look like?
We’ll answer all of these questions and list 10 of the best cryptocurrency exchanges and platforms that allow you to buy Bitcoin and other tokens.
Going forward, we’ll use BTC, which is the symbol for Bitcoin on exchanges and trading platforms.
If you just want to earn a high return with crypto, you might consider a crypto savings account. These accounts pay up to 12%, but do come with risks (just like regular crypto investing). Check out the best cryptocurrency savings accounts here.
Editor’s Picks For Best Crypto Exchanges:
- Best Overall: Coinbase
- Best For Trading: Binance
- Best To Earn Interest: BlockFi
- Best For Altcoins: Uphold
Top 10 Bitcoin and Cryptocurrency Exchanges1. Coinbase2. Voyager3. BlockFi4. Uphold 5. Kraken6. eToro7. Bitcoin IRA8. Crypto.com9. Binance 10. Hodlnaut
Best Crypto Exchanges and Investing Platforms
Here is our list of the 10 best cryptocurrency exchanges and investing or trading platforms. The cyrpto offers that appear on this site are from companies from which The College Investor receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The College Investor does not include all cryptocurrency exchanges or all crypto offers available in the marketplace.
Coinbase is by far the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can currently purchase Bitcoin, Ethereum, and Litecoin and 30+ other coins and tokens on the platform. Furthermore, you can earn interest on your USDT, and you can earn token rewards by completing various activities.
Plus, when you open a new Coinbase account, you get a $5 bonus for getting started*!
Read our full Coinbase Review here.
- Easiest to use interface
- Good selection of tokens and coins to invest in
- High level of security and trustworthiness
- High fees unless using Coinbase Pro
- User does not control private keys in wallet
- Slow to adopt popular new cryptocurrencies