6 Most Trusted Bitcoin Investment Sites (December 2023)

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.

In the last year, we’ve seen a new class of trusted onramps focusing specif­i­cally on Bitcoin, the largest and most reputable cryptocurrency. These "Bitcoin-only" onramps repre­sent a notice­able change from past ICO-mania where question­able exchanges exploded onto the scene. Many of these oppor­tunistic Bitcoin invest­ment sites have since been hacked, become insol­vent, or shut down for many other reasons.

In this article, we we’ll cover:

• Why going Bitcoin-only is a smart business decision

• The benefits of setting up automatic recur­ring Bitcoin purchases

• Support Bitcoin-only Onramps

If you don’t have much time and just want to check out the list of the best Bitcoin invest­ment compa­nies? No problem, here they are:

• Swan Bit­coin (USA + International)

• Amber (Australia + International)

• Bull Bit­coin (Canada)

• CashApp (USA + U.K.)

• Coin Corner (U.K. + International)

• River­ Fi­nan­cial (USA)

Here’s a list of the top Bitcoin invest­ment websites that are “Bitcoin-only” and currently avail­able in November 2023.

Fees: 0.99%*
Custody Provider: BitGo Trust Company
Trustpilot Rating: 4.6 out of 5

Avail­ability: Swan is available in 50 states, including California (CA), Colorado (CO), Connecticut (CT), Florida (FL), Massachusetts (MA), Utah (UT), and Washington (WA), as well as most inter­na­tional countries.

About Swan Bitcoin: Swan is Bitcoin investing made easy. Connect any major US bank account, set an amount, and Swan’s daily, weekly, or monthly savings options steadily convert your dollars to Bitcoin savings. You can also buy additional Bitcoin whenever you’d like with the “buy instantly” button.

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.

If you’re a high net-worth individual, family office, or corporation looking to buy $100,000 or more worth of Bitcoin, you can sign up with Swan Private for customized services.

Swan Vault and custody solutions is your reliable partner for everything related to Bitcoin. With an unparalleled commitment to security 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.

It’s avail­able for both Android and iOS.

Features: 

• Automatic Recur­ring Buys
  Users can easily set up automatic recur­ring Bitcoin buys. Swan believes dollar cost averaging is the most effec­tive way to accumu­late Bitcoin. Select daily, weekly, or monthly recur­ring buys.

• 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.

• 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, 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.

Fees: 0.99% of Bitcoin purchases or sales
Amber Black Members: 0% of Bitcoin purchases or sales
Custody Provider: Concierge Service Self Custody
Trustpilot Rating: 4.5 out of 5 (only 24 reviews)

Avail­ability: Amber is available for use to persons residing in the following regions:

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.)

About Amber: Amber is an app focused on making easy recur­ring buys of Bitcoin. It’s currently avail­able for both Android and iOS. Amber focuses on clean design and providing a simple way to acquire Bitcoin.

Amber is backed by Morgan Creek Digital Assets, Fulgur Ventures, and QUTBLUE Box.  

Features:

• Mobile App
  Amber is avail­able on both Android and iOS.

• 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 out of 5

Avail­ability: Bull Bitcoin is a top-tier Bitcoin invest­ment platform, available in Canada and Costa Rica.

About Bull Bitcoin: Bull Bitcoin is a fixed-rate exchange that enables Canadians and Costa Ricans 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, they focus 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.

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

  Buy Bitcoin directly to your own Bitcoin Wallet using Interac 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. Part of the circular Bitcoin economy. 

• Automated Dollar Cost Averaging
  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: BitKey Self Custody Wallet
Trustpilot Rating: 1.2 out of 5

Avail­ability: USA + U.K.

About Cash App: Cash App is an iOS/Android app that offers a Venmo/PayPal experi­ence and provides users to buy stocks and Bitcoin. It was created by Square/Twitter, which makes it one of the most trusted Bitcoin invest­ment sites. Cash App is one of the app store’s most popular and recognizable finan­cial apps.

Cash App has a great UX, and buying Bitcoin is very straightforward. Square is the first publicly-traded company to sell Bitcoin. Jack Dorsey, CEO of Square/Twitter, is very bullish on Bitcoin-only. 

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: Non-Custodial, Bull Bitcoin Self-Custody Wallet
Trustpilot Rating: 4.3 out of 5

Avail­ability: CoinCorner, formerly CoinFloor, is a top Bitcoin invest­ment site. Previously only available to persons in the United Kingdom, Coin Corner now supports customers in over 45 countries. 

About Coin Corner: CoinCorner is the longest-running Bitcoin invest­ment site in the U.K. They started by offering many different cryptocur­ren­cies but later realized it was a better business decision to focus only on Bitcoin. In early 2020 they removed support for all assets besides Bitcoin. 

CoinCorner was the first exchange to provide Bitcoin audits (aka Proof of Reserves), making them one of the most trusted Bitcoin sites. According to the Coin Corner website, their services are specif­i­cally designed to serve corpo­rate and insti­tu­tional investors, sophis­ti­cated investors, and profes­sional traders. The minimum deposit was recently reduced from $300 to 5 EUR or 10 GBP/EUR. Coin Corner supports two trading pairs, BTC/GBP and BTC/EUR.

Features: 

• Proof of Reserves: CoinCorner publishes a weekly audit of its Bitcoin reserves, hopefully lending some legit­i­macy. Theoret­i­cally, this reduces the risk of finan­cial insti­tu­tions running a deficit without customers being aware. Nic Carter, a partner at Castle Island Ventures, is a big proponent of this company policy. 

• Automatic Recur­ring Buys: CoinCorner released an Automatic Recur­ring buys feature shortly after CoinFloor was bought out. 

• OTC Trading Desk: Users get access to buy/sell through Coin Floor’s OTC desk. 

• Bitcoin Multi-Sig Custody: They take advan­tage of Bitcoin’s native multi-sig capabil­i­ties, which can be used to improve security. 

• Bitcoin Lighting Network Support: CoinCorner added Lighting Network Support and the Bolt Card, a contactless physical card for in-person or website purchases.

Fees: 0.8 — 1.2%
Custody Provider: 100% full reserve custody, all assets on River are held 1:1
Trustpilot Rating: No Rating

Avail­ability: River is avail­able in every U.S. state except New York, New Jersey, and Nevada. Monitor avail­ability here.

About River Finan­cial: River is focused on finan­cial services for Bitcoin holders. Similar to a Fidelity brokerage account but for Bitcoin. River is looking to differ­en­tiate 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.

Features: 

• Zero Fees on Recur­ring Buy Orders
  This feature allows users to set up an automatic purchase order of BTC 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.

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. As Bitcoin becomes increasingly popular, customers will be more likely to transact with businesses that offer this option.

The benefits of focusing on Bitcoin: 

• 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 the asset (Bitcoin) 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 altcoins. Altcoins have oppor­tu­nity costs.

• 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. If you focus on altcoins, the tradeoff is you won’t be able to support Bitcoin. 

• 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 years. 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. On the other hand, 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. Kraken publishes an annual report listing all the requests they receive from regula­tory bodies worldwide. Compli­ance is extremely expen­sive, especially if you offer a bunch of altcoins.

• 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 BTC invest­ment sites staying 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). 

Learn how to Delete Your Coinbase Account—the most notorious U.S. company promoting altcoins.

Here at Swan, we believe that setting up automated recur­ring Bitcoin buys is the best strategy. In investing terms, this is called “dollar cost averaging” (DCA).

Dollar-cost averaging: (DCA) is an investing strategy that allows you to spread out the risk associated with trying to time the market. 

Traders Lose, Stackers Win: 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.

1. No one can perfectly time the market. Dollar-cost averaging minimizes the risk of volatile price swings. 

2. Set it and forget it. No need to log in every week.

3. Remove your cogni­tive biases. The market and media are constantly trying to manip­u­late you. Avoid fear and FOMO.

4. Avoid tax burden and fees of active trading.

5. Get rich slowly. Think long-term with a low-time preference investment strategy!

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. 

Here at Swan Bitcoin, we highly recom­mend two things:

1. Investing in your personal Bitcoin educa­tion (we recom­mend our Swan Signal blog and Swan Signal Live podcast.

2. Setting up an automated recur­ring Bitcoin purchase. For example: Every Saturday, you buy $50 worth of Bitcoin. 

Be sure to sign-up at SwanBitcoin.com/signup.

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 (limited-time offer).

This blog offers thoughts and opinions on Bitcoin from the Swan Bitcoin team and friends. Check out this article and see where Swan Bitcoin ranks for the top Bitcoin IRAs and Crypto IRAs. Swan Bitcoin 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.