Top 6 Bitcoin Investment Sites for February 2023: Verified
The top Bitcoin investment sites for buying Bitcoin. Going Bitcoin-only with automatic recurring purchases is a smart business decision.
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.
Here at Swan, we believe that being a bitcoin investment company that is “Bitcoin-only” is a competitive advantage and we’re ready to prove it.
In this article, we will cover:
Why going Bitcoin-only is a smart business decision
The most credible Bitcoin investment sites in January 2023
Don’t have much time and just want to check out the list of the best Bitcoin investment companies? No problem, here they are:
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:
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.
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.
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 (read: altcoin casinos).
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.
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.
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).
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 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 large 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.
Benefits of Automated Recurring Buys (Dollar-Cost Averaging):
No one can time the market. Dollar-cost averaging minimizes the risk of volatile price swings.
Set it and forget it. No need to log in every week.
Remove your cognitive biases. The market and media are constantly trying to manipulate you. Avoid fear and FOMO.
Avoid tax burden and fees of active trading.
Get rich slowly. Think long-term!
Here’s a list of the top Bitcoin investment websites that are “Bitcoin-only” and currently available in 2022.
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 choose to buy additional Bitcoin whenever you’d like with the “buy instantly” button.
Additionally, Swan Private and Swan Business were created to provide additional services for customers. As Bitcoin changes the world, managing wealth is a nuanced process that deserves a team of experts ready to walk alongside you.
Swan’s goal is to be the most accessible and user-friendly way to acquire Bitcoin. The team is also focused on educating Bitcoiners of all experience levels. Swan’s mission is to onboard the next million Bitcoin users.
It’s currently available for both Android and iOS.
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.
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.
Buy Bitcoin instantly and be billed for it afterward via ACH.
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.
Users can schedule periodic Bitcoin withdrawals to move a certain amount of Bitcoin to a wallet of their choice.
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.
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.
The Amber team, led by Aleks Svetski, produces high-quality Bitcoin content that’s available to the public. We recommend checking out Bitcoin Times.
Availability: Bull Bitcoin is a top-tier bitcoin investment platform, but it’s only available in Canada.
About Bull Bitcoin: Bull Bitcoin is a fixed-rate exchange that enables Canadians 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.
Bull Bitcoin never takes control of users' Bitcoin. Instead, users are fully sovereign over their Bitcoin at all times.
Users can withdraw their funds at any time.
A service that enables users to pay their Canadian bills by converting Bitcoins to Canadian Dollars. Part of the circular Bitcoin economy.
Automated Dollar Cost Averaging
Users can schedule recurring buys at the frequency they desire (daily, weekly, etc.).
Availability: USA + U.K.
About Cash App: Cash App is an iOS/Android app that offers a Venmo/PayPal experience as well as providing 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 most popular and recognizable financial apps in the app store.
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.
Users can buy and sell Bitcoin through Cash App. $10k weekly purchase limit.
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.
Users can receive a Visa debit card attached to their Cash App account.
Users can now send payments between the U.S. and the U.K.
Availability: CoinCorner, formerly CoinFloor, is a top Bitcoin investment site. Previously only available to persons in the United Kingdom, CoinCorner now supports customers in over 45 countries.
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.
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.
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.
Zero Fees on Recurring Buy Orders
This feature allows users to set up an automatic purchase order of BTC at pre-determined intervals.
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 as well as move Bitcoin from River to another wallet.
Enables financial institutions to buy, sell, and use Bitcoin.
River recently integrated Damus to enable Lightning payments via Nostr.
As businesses realize the benefits of going Bitcoin-only, we’ll see more legit Bitcoin investment sites focused exclusively on Bitcoin.
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:
Be sure to sign-up at SwanBitcoin.com/signup.
P.S. After you join, make sure you 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. 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.
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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.
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Thoughts on Bitcoin from the Swan team and friends.