Best Bitcoin-Only Exchanges

Introduction

Bitcoin-only exchanges are platforms wherever radical tin bargain oregon merchantability bitcoin utilizing fiat currencies oregon stablecoins.

You tin notation to our usher connected “How To Buy Bitcoin” for further accusation connected joining an exchange. Still, you usually request to motion up with immoderate basal idiosyncratic information and transportation fiat oregon cryptocurrency to the level to commencement buying bitcoin.

Learning astir Bitcoin is an important measurement you should travel earlier investing. So beryllium definite to read our Bitcoin guide to afloat recognize what you are buying and wherefore it is truthful important to support your bitcoin safe.

Why usage a Bitcoin-only exchange?

Once radical recognize Bitcoin, they usually similar to support distant from the sound of myriads of cryptocurrencies and absorption connected Bitcoin only.

Bitcoin-only exchanges beryllium due to the fact that they admit the worth of bitcoin arsenic dependable money; they enactment the Bitcoin assemblage and ecosystem with nary distraction from inferior coins and the resulting antagonistic implications that whitethorn travel with them.

Best Bitcoin Only Exchanges

1. River 

River is simply a U.S.-based, bitcoin-only custodial speech that claims to beryllium precise casual and unafraid to usage portion offering plentifulness of bully acquisition worldly to recognize Bitcoin.

River charges fees based connected however overmuch bitcoin you buy, starting from 1.20% but offers nary fees for recurring buys. River stores each bitcoin offline successful unafraid acold retention and besides offers customers to bargain bitcoin miners.

2. Swan 

Swan is River’s main rival successful the USA and claims to beryllium the astir unafraid level to bargain bitcoin. Swan provides akin services to River, with the main quality being the fees: Swan’s are 0.99% portion River’s commencement astatine 1.2%. They connection recurring daily, play oregon monthly purchases, which they marque enticing owed to a precise competitory USD/BTC conversion rate.

3. CoinCorner 

CoinCorner is simply a Bitcoin speech based connected the Isle of Man, Great Britain. They person implicit 2 cardinal users crossed the implicit 45 countries they serve. Deposits and withdrawals are lone disposable successful pounds and euros. They person fixed transaction fees based connected the magnitude processed.

Deposits are escaped successful the U.K. and Europe; however, they person a fixed interest of £25 for each different region. Withdrawals outgo 1 GBP and 1 EUR, depending connected the currency used. There’s nary interest for depositing oregon withdrawing bitcoin.

4. Bull Bitcoin 

Bull Bitcoin is simply a long-standing bitcoin-only speech established successful 2013 and appears to beryllium a straightforward work to usage from the start. There are nary frills connected the opening page, and each indispensable accusation you request to cognize astir the work is displayed immediately. You tin besides usage Bull Bitcoin to wage your bills online with bitcoin.

They are wide appreciated for their businesslike lawsuit enactment and person tiered-based transaction fees starting from 0.5% for 100 Canadian dollars to CA$1,000, up to 1.25% for amounts transacted implicit CA$10,000.

5. Robosats 

Robosats is simply a peer-to-peer Bitcoin speech perfect for onboarding caller users arsenic it’s casual and speedy to use. It requires nary KYC since it’s based connected pseudonymous avatars that let customers to commercialized bitcoin implicit the Lightning Network utilizing the TOR browser only.

Users tin besides easy swap on-chain Bitcoin for Lightning liquidity. Established successful aboriginal 2022, the non-custodial speech has a batch of country for improvement, but it is acceptable to supply the prototype of a bitcoin-only speech based connected privateness and security.

6. Hodl Hodl

Hodl Hodl is different peer-to-peer Bitcoin speech that besides offers peer-to-peer lending services. It’s a non-custodial level that requires nary KYC oregon AML procedures. The speech accepts astir each fiat currencies and galore outgo methods to commencement trading, including currency successful idiosyncratic and slope transfers.

The mode it works is simple: a declaration is generated, and Hodl Hodl creates a unsocial multisig escrow. The seller deposits bitcoin straight from his wallet and agrees connected a outgo method with the buyer. The seller releases bitcoin from multisig escrow straight to the buyer’s wallet.

7. Paxful 

Paxful is simply a Bitcoin speech and integer wallet wherever customers tin besides usage assorted integer currencies similar Tether, ether and monero to bargain bitcoin. Other than the emblematic slope transfers, Paxful offers a wide scope of outgo methods, including acquisition cards and hose tickets.

8. Relai 

Relai is based successful Switzerland and is Europe’s astir accessible bitcoin-only concern app. It enables instant bitcoin purchases done SEPA outgo integration, and customers tin acceptable up a play oregon monthly savings program for arsenic small arsenic 10 EUR. Bitcoiners admit it due to the fact that it requires nary deposit, registration, oregon strict KYC procedure. It’s the cleanable app for beginners who privation to bargain and HODL bitcoin due to the fact that it’s casual to usage and provides a hassle-free experience.

9. Bisq

Bisq is simply a decentralized peer-to-peer bitcoin speech that allows anyone to bargain and merchantability bitcoin successful speech for fiat currencies and different cryptocurrencies. It is not a institution but escaped bundle that requires nary centrally controlled servers and has nary azygous points of failure.

Bisq does not necessitate idiosyncratic accusation oregon a linked slope relationship to usage the platform, making it the cleanable prime for those who privation to sphere their privacy.

10. Cash App

Cash App deserves a peculiar mention, though it’s not technically an speech but a peer-to-peer outgo strategy that allows users to bargain and merchantability bitcoin only, alongside stocks.

The level enables investors to transportation bitcoin to their wallet, though withdrawals are constricted to $2,000 daily, oregon $5,000 wrong immoderate 7 days. Cash App sets a interest depending connected terms volatility and marketplace trading volume, which is disclosed astatine the clip of purchase.

Frequently asked questions

What is the champion speech for Bitcoin?

There’s nary best, but you should beryllium capable to find a level that satisfies your needs. If you’re looking for easiness of use, amended privateness oregon enhanced information with a non-custodial service, you’ll find the close bitcoin-only speech for you. Just travel our guide supra to person the champion indication.

Which Bitcoin exchanges are the astir trusted?

Bitcoin-only exchanges, P2P platforms and exchanges that don’t rehypothecate but support impervious of reserves are mostly much trustworthy than centralized exchanges.

Which Bitcoin speech has the lowest fees?

Usually, outgo apps similar CashApp oregon Relai person the astir competitory fees and are the easiest to use. However, fees alteration a lot, whether for withdrawals oregon trading, truthful amended support an oculus connected the exchange’s T&C to debar surprises.

Which speech is the safest?

Non-custodial, peer-to-peer exchanges are usually safer due to the fact that custody of the bitcoin remains successful your hands. Most exchanges supply high-standard information but cannot beryllium 100% unafraid against the menace of hacks. It’s ever recommended that you transportation bitcoin to a hardware wallet aft the acquisition to debar immoderate hazard of losing your assets.

Summary

New exchanges look regularly and are progressively unafraid and casual to use, truthful we ever ticker retired for the latest addition.

Especially successful airy of the melodramatic events of 2022 with the illness of galore cryptocurrency services — notably FTX, Three Arrows Capital and Celsius — it’s ever recommended to usage decentralized P2P platforms.

Regardless of the work you’re using, moving coins retired of exchanges soon aft an important commercialized has occurred is thing adjacent exchanges person recommended for years, and it’s ne'er stressed enough. Such a elemental transportation from an speech to a backstage wallet would person prevented monolithic losses successful the past.