6 Most Trusted Bitcoin Investment Sites (What to Know 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.

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…

Fees: 0.99%*
Custody Provider: BitGo Trust Company
Trustpilot Rating: 4.6 out of 5 (+1k reviews)
Apple App Store: 4.8 out of 5
Google Play Store: 4.6 out of 5

Avail­ability: Swan is available in all 50 U.S. states — plus some inter­na­tional countries.

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 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 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.

It’s 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.

• 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 or sales
Amber Black Members: 0% of Bitcoin purchases or sales
Custody Provider: Concierge Service Self Custody
Trustpilot Rating: 4.1 out of 5 (41 reviews)
Apple Store App: 4.4 out of 5
Google Play Store: 4.4 out of 5

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. 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.  

• 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 (199 reviews)
Apple Store App: No Rating
Google Play Store: No Rating

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 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.

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.

• 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 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. 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: Cash App maintains custody of all user assets
Trustpilot Rating: 1.2 out of 5 (+4.1k reviews)
Apple Store App: 4.8 out of 5 (#1 in Finance)
Google Play Store: 4.6 out of 5

Avail­ability: U.S.+ 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. 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. Square is the first publicly-traded company to sell Bitcoin.

• 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: 4.4 out of 5 (+900 reviews)
Apple Store App: 4.2 out of 5
Google Play Store: 3.4 out of 5

Avail­ability: CoinCorner, formerly CoinFloor, is well-respected Bitcoin invest­ment site. Previously only available to persons in the United Kingdom, CoinCorner now supports customers in over 40 countries. 

About CoinCorner: 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). According to the CoinCorner 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 CoinCorner’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
Apple Store App: 4.8 out of 5
Google Play Store: 4.6 out of 5

Avail­ability: River is avail­able in every U.S. state except New York 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.

• 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.

• River Link

  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.

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.

The benefits of focusing on 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 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. 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.

• 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 Bitcoin 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

2. Dollar-cost averaging minimizes the risk of volatile price swings 

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

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

5. Avoid tax burden and fees of active trading

6. 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 three 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. 

3. 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.

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. 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.