6 Most Trusted Bitcoin Investment Sites (What to Know in 2024)
With so many Bitcoin investment sites, choosing the right one for you can feel a bit overwhelming. Going Bitcoin-only with automatic recurring purchases is the best business decision you can make in 2024.
Bitcoin investment sites, also known as exchanges or “onramps,” are an important part of the industry. Onramps allow people to easily buy and sell Bitcoin with their local currency.
These "Bitcoin-only" onramps represent a noticeable change from past ICO-mania where questionable exchanges exploded onto the scene. Many of these opportunistic 'investment sites' have since been hacked, become insolvent, or shut down for many other reasons.
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Top 6 Bitcoin Investment Sites in 2024
If you are short on time and just want to know the top 6 Bitcoin investment sites and their rating as of May 6th, 2024, here they are. You can jump to any section below by clicking on the link.
Let’s take a closer look at each Bitcoin investment site…
Account Minimum: No account minimum
Fees: 0.99%*
Custody Provider: BitGo Trust Company
Trustpilot Rating: 4.6/5 from +1.02k reviews
Apple App Store: 4.8/5 from +1.2k reviews
Google Play Store: 4.5/5 from 501 reviews, +50,000 downloads
About Swan Bitcoin
Swan is Bitcoin investing made easy.
Connect any major U.S. bank account, set an amount, and Swan’s daily, weekly, or monthly recurring buys options steadily convert your dollars to Bitcoin savings. Swan believes that being a Bitcoin investment company that is “Bitcoin-only” is a competitive advantage, and we’re ready to prove it. Swan’s goal is to be the most accessible and user-friendly way to acquire Bitcoin.
Swan Private is available with customized services if you’re a high net-worth individual, family office, or corporation looking to buy $100,000 or more worth of Bitcoin. With an unparalleled commitment to education, security, customer service and professionalism, Swan offers robust custody services, ensuring the safe storage of your Bitcoin assets.
Swan has a unique Bitcoin IRA option. A Bitcoin Roth IRA is the perfect option for younger investors who expect to make more in the future than they earn currently.
Features
Automatic recurring buys
Users can easily set up automatic recurring Bitcoin buys. Swan believes 'Recurring Buys' is the most effective way to accumulate Bitcoin. Select daily, weekly, or monthly.Educational content
Swan focuses on creating educational content to improve the entire Bitcoin ecosystem. You can read the latest articles from the Swan team and their friends at Swan Signal.Best-in-industry customer service: Swan support
Swan Support provides industry best customer support and boosts a 4.5 out of 5 Trustpilot rating with 78% providing a 5-star rating with +1k reviews.
Instant buys
Buy Bitcoin instantly and be billed for it afterward via ACH.Referral program
Swan is currently offering a referral program. When you refer a friend to Swan Bitcoin with Swan Force, they receive $10, and you receive 25% of their fees.Auto-withdrawals
Users can schedule periodic Bitcoin withdrawals to move a certain amount of Bitcoin to a wallet of their choice.Swan Vault
Swan recently launched Swan Vault, a seamless self-custody solution with:
Best-in-class user experience for secure self-custody
Secure key backup to minimize the risk of loss
Concierge onboarding available
Inheritance planning for Swan Private clients
Fees: 0.99% of Bitcoin purchases and sales
Amber Black Members: 0% of Bitcoin purchases and sales
Custody Provider: Concierge Service Self Custody
Trustpilot Rating: 4.1/5 from 42 reviews
Apple Store App: 4.4/5 from 255 reviews
Google Play Store: 4.4/5 from 291 reviews, +10,000 downloads
About Amber
Amber is an app focused on making easy recurring buys of Bitcoin. Amber focuses on clean design and providing a simple way to acquire Bitcoin.
U.K. and Europe, Central Asia Eastern Europe Region, MENA Region, Africa, South and Central America, Canada, and the United States (except the States of Connecticut, Hawaii, New York, New Hampshire, Texas, and Virginia.)
Amber is backed by Morgan Creek Digital Assets, and Fulgur Ventures.
Features
Automatic recurring buys
Users can set up recurring buys every day, week, or month. $5 minimum purchase. Users can also make one-time purchases as they desire.Education
The Amber team, led by Aleks Svetski, produces high-quality Bitcoin content that’s available to the public. We recommend checking out Bitcoin Times.
Fees: No fees for buying Bitcoin, 0.5 — 1.25% sell Bitcoin fee
Custody Provider: Non-custodial, Bull Bitcoin self-custody wallet
Trustpilot Rating: 4.9/5 from 205 reviews
Apple Store App: No Rating
Google Play Store: 5.0/5 from 9 reviews, +500 downloads
About Bull Bitcoin
Bull Bitcoin is a fixed-rate exchange that enables Canadians and Costa Rican’s to buy, sell, and spend Bitcoins online. Bull Bitcoin is run by self-proclaimed Cypherpunks and Bitcoin Maximalists, and it shows.
As one of the top Bitcoin investment sites, Bull focuses on privacy, security, and enabling users to maintain full custody of their Bitcoin.
The Bull Bitcoin team also developed Cyphernode.io; a modular Bitcoin full-node microservices API server architecture and utilities toolkit to build scalable, secure apps/services without reliance on trusted third parties.
Bitcoin Jungle
In partnership with Bitcoin Jungle, Bitcoin-only exchange Bull Bitcoin is the first and only exchange in Costa Rica to allow Bitcoin ←→ Colones conversion using SNIPE, the national fiat mobile payment system with just a phone number on Lightning.
Features
Non-custodial
Bull Bitcoin never takes control of users' Bitcoin. Instead, users are fully sovereign over their Bitcoin at all times.Instant withdrawal
Users can withdraw their funds at any time.Buy Bitcoin directly to your own Bitcoin Wallet using Interact E-Transfers and other Canadian bank transfer options. Non-custodial Instant withdrawal No withdrawal fees Privacy and security by default Lightning Network compatible No transaction limits.
Bylls Integration
A service that enables users to pay their Canadian bills or for Costa Rican’s to spend colones by converting Bitcoins to Canadian dollars or colones for everyday purchases.Automated recurring buys
Users can schedule recurring buys at the frequency they desire (daily, weekly, etc.).Bull Bitcoin Prime
VIP advisory service for high-net-worth individuals and business clients looking to take their Bitcoin journey to the next level. A personalized 1-on-1 service with direct oversight from legendary Bitcoin expert Francis Pouliot.
Fees: Linked bank account transfer $0, linked debit card 0.5% — 1.75%, minimum of $0.25
Custody Provider: Cash App maintains custody of all user assets
Trustpilot Rating: 1.4/5 from 4.3k reviews
Apple Store App: 4.8/5 from +6.3M reviews (Ranked #1 in Finance)
Google Play Store: 4.6/5 from +3.04M reviews, +10M downloads
About Cash App
Cash App is an iOS/Android app that offers a Venmo/PayPal experience and provides users to buy stocks and Bitcoin. Cash App is one of the app store’s most popular and recognizable financial apps.
The app was created by Jack Dorsey, CEO of Square/Twitter. Dorsey is a very bullish Bitcoin-only investor. Cash App has a great UX, and buying Bitcoin is very straightforward.
Many people have mixed feelings about Cash App though and this is clearly reflected in the 93% 1-star Trustpilot rating.
Square was the first publicly-traded company to sell Bitcoin and is a cornerstone for Bitcoin adoption.
Features
Buy/sell Bitcoin
Users can buy and sell Bitcoin through Cash App. $10k weekly purchase limit.Purchase stocks
Users can acquire as little as $1 worth of U.S. stock.Direct deposit paychecks
Users can elect to have their paychecks direct deposited into Cash App.Cash card
Users can receive a Visa debit card attached to their Cash App account.International payments
Users can now send payments between the U.S. and the U.K.
Starting October 20th, 2023, Cash App may charge a small fee when you buy or sell Bitcoin. If so, the fee will be listed on the trade confirmation screen before you complete the transaction.
Cash App may also include a spread on the exchange rate we use to price Bitcoin buys and sells on our platform. The spread we apply to our exchange rate may be between 0% and 1%, depending on market conditions.
Fees: Variable fee structure
Custody Provider: In-House Bitcoin Custody Solution
Trustpilot Rating: 4.0/5 from 20 reviews
Apple Store App: 4.7/5 from +15.3k reviews
Google Play Store: 4.4/5 from +14.5k reviews, +500,000 downloads
About Strike
Strike App seamlessly integrates Bitcoin into everyday financial transactions. With its user-friendly interface and Lightning-fast payment processing, Strike App empowers individuals and businesses to send and receive Bitcoin instantly, without the complexities often associated with traditional banking systems.
By leveraging the power of Bitcoin’s decentralized network, Strike App offers unparalleled security and efficiency, revolutionizing how we think about money transfer and financial inclusion.
Features
Instant Transactions: Strike App enables instant peer-to-peer transactions, allowing users to send and receive Bitcoin quickly and efficiently.
Global Accessibility: With Strike, geographical barriers vanish. Users can transfer Bitcoin across borders seamlessly, facilitating international payments without the need for traditional banking intermediaries.
No Fees: Unlike traditional payment methods, Strike App typically charges little to no fees for transactions, making it an attractive option for cost-conscious users.
Seamless Integration: The app integrates effortlessly with existing financial systems and platforms, enabling users to incorporate Bitcoin into their daily transactions without hassle.
User-Friendly Interface: Strike App features an intuitive interface that makes it easy for both beginners and experienced users to navigate and utilize its functionalities.
Cross-Currency Compatibility: Strike App supports transactions in various fiat currencies, making it convenient for users to convert and transact in Bitcoin regardless of their local currency.
On April 24th, 2024, Strike App launched in Europe.
Fees: 0.8 — 1.2%
Custody Provider: 100% full reserve custody, all assets on River are held 1:1
Trustpilot Rating: No Rating
Apple Store App: 4.9/5 from +1.9k reviews
Google Play Store: 4.1/5 from 48 reviews, +5,000 downloads
About River Financial
River is focused on financial services for Bitcoin holders. Similar to a Fidelity brokerage account but for Bitcoin. River differentiate itself by offering users access to more advanced Bitcoin technologies including Partially Signed Bitcoin Transactions (PSBTs), native multi-sig, and a language called Script Descriptors.
Being Bitcoin-only enables more resources to be allocated to native Bitcoin features.
Availability
Currently, River Financial can only service clients residing in the United States. To be eligible, your primary residence must be one of our approved states or territories.
River can currently support any U.S. state except:
New York
Nevada
River currently only serves existing clients in the following states:
Idaho
The following U.S. territories are supported:
Puerto Rico
Features
Zero fees on recurring buy orders
This feature allows users to set up an automatic purchase order of Bitcoin at pre-determined intervals.Performance tracking
River provides users with tools to track how well your Bitcoin investments are performing.Deposits and withdrawals
Users can add Bitcoin to their River wallet and move it from River to another wallet.Institutional accounts
Enables financial institutions to buy, sell, and use Bitcoin.Damus integration
River recently integrated Damus to enable Lightning payments via Nostr. River also provides a Bitcoin IRA option. See how it compares here.
Facilitates the seamless transfer of Bitcoin through text messages, offering users a straightforward and user-friendly experience that eliminates the complexities often associated with Bitcoin transactions.
Why Businesses Should Go Bitcoin-Only
While fans of alternative cryptocurrencies might complain that their favorite token is being excluded for ideological reasons, the reality is: going Bitcoin-only is a logical business decision.
Businesses should go Bitcoin-only because it is a secure and efficient way to store and transfer value. Bitcoin transactions are fast, reliable, and safe, with low fees compared to traditional payments like credit cards or bank transfers.
Why Bitcoin-only?
Lower fees
By focusing on a single asset, companies can maintain lower support costs, leading to better service with lower user fees.Bitcoin has the majority of the volume
Focusing on Bitcoin-only that attracts high volume makes sense as a business.Increased focus
If you want to be the best website to invest in Bitcoin, the only way is to focus on Bitcoin alone. Going Bitcoin-only means your company will have no distractions/temptations from penny stock-like altcoins.Domain expertise
By focusing on a single asset, your team will become experts in that asset. Eventually, your expertise will enable you to out-compete companies who took a less focused approach. This compounds over time and leads to better products/services, attracting long-term customers.Long-term success
A business built on trading altcoins might be lucrative for a short period. These altcoin onramps pop up in bull markets, rise to fame, and quickly crash in just a few months. On the other hand, Bitcoin-only onramps are more robust and will outlive all the altcoin exchanges.More secure
Onramps that focus exclusively on Bitcoin allow for increased security. Every time you offer another asset, your engineers are forced to develop increasingly complex security methods. Focusing on Bitcoin exclusively allows engineers to take advantage of Bitcoin’s native features, such as multi-sig, which results in a more secure infrastructure.Less Regulatory Burden
Bitcoin-only onramps come with fewer regulatory risks as Bitcoin has been given a pass by most regulators globally.Aligned incentives
Companies that focus exclusively on Bitcoin share aligned incentives with Bitcoiners. Both parties want Bitcoin to remain secure and increase in value over the long term.Shared infrastructure
As more companies focus on Bitcoin’s native functionality (multi-sig, partially signed Bitcoin transactions, etc.), we’ll see more open-source standards emerge. For example, Unchained Capital open-sourced a multi-sig protocol called Caravan that anyone can leverage.
Learn more about the benefits of going Bitcoin-only:
Aleks Svetski explains why Amber is a Bitcoin-only Business.
Francis Pouliot explains why Bitcoin-only makes business sense on the Tales From The Crypt podcast, episode #84 (starting at the ~23:00 mark).
How to Delete Your Coinbase Account — the most notorious U.S. company promoting altcoins.
Why Set Up Automated Recurring Buys?
Here at Swan, we believe that setting up automated recurring Bitcoin purchases is the best strategy. In investing terms. This is commonly called “dollar cost averaging” (DCA).
Recurring buys or (DCA) is an investing strategy that allows you to spread out the risk associated with trying to time the market.
By investing a set amount of money regularly, you can continue to increase your holdings and benefit from asset appreciation over time.
This helps even out your average purchase price over time, reducing the risk of significant losses due to drastic swings in share prices. It also makes it easier for investors who don’t have enough money to make a single big investment at once.
Top Benefits of Recurring Buys
No one can perfectly time the market.
'Recurring Buys' minimizes the risk of volatile price swings.
Set it and forget it. No need to log in every week.
Remove your cognitive biases. Avoid fear and FOMO. The market and media are constantly trying to manipulate you.
Avoid tax burden and fees of active trading.
Get rich slowly. Think long-term with a low-time preference investment strategy.
Support Trusted Bitcoin-Only Onramps and Start Buying Bitcoin Today
As businesses realize the benefits of going Bitcoin-only, we’ll see more legit Bitcoin investment sites focused exclusively on Bitcoin. Post FTX collapse, companies will only be willing to stick their necks out for Bitcoin-only approaches that include holding the private keys themselves or self-custody through a corporate partner like BitGo.
This trend will likely continue as Bitcoin-only companies will outcompete companies that are spread too thin, supporting 100s of illiquid tokens.
We highly recommend three things:
Investing in your personal Bitcoin education (we recommend our Swan Signal blog and Swan Signal Live podcast.
Setting up an automated recurring Bitcoin purchase.
Watching our recently launched free 1-hour Welcome to Bitcoin: 101 Series. It’s the best way to orange-pill your friends and family members.
P.S. After you join, pass around your unique referral link. Both you and your friends will receive $10 worth of free Bitcoin for each person who signs up. Also, make sure to check out this article and see where Swan ranks for the top Bitcoin IRAs and Crypto IRAs.
Swan is the easiest way to buy Bitcoin using your bank account automatically every week or month, starting with as little as $10. Sign up or learn more here.
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Brandon is an entrepreneur, writer, speaker, and passionate Bitcoiner. His articles have been read by more than 2 million people online. Most well known for exploring the parallels between bitcoin and mycelium.
Drew, a class of 2013 Bitcoiner, is a Research Analyst for Swan Bitcoin.
He has worked in institutional VC/PE, FinTech, and DLT consulting for over six years. He also brings over twelve years of experience working with national nonprofits and start-ups in education and software development in several leadership roles.
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