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HomeCrypto Coins7 Cheapest Ways to Buy Bitcoin (BTC) in 2024

7 Cheapest Ways to Buy Bitcoin (BTC) in 2024


The crypto industry has expanded phenomenally, and companies have simplified the process of purchasing Bitcoin in response to rising adoption rates. Finding the most affordable platform to purchase Bitcoin is now more important than knowing where to buy it.

The rescue comes from CoinJournal. This article delves into the most cost-effective method of purchasing Bitcoin, outlining the top platforms and highlighting their fee structures. Following the letter’s guidance, you can locate an affordable Bitcoin purchase option.

The Best Cheap Places to Buy Bitcoin – Our Top 3 Picks

In need of a prompt response? Bitcoin can be purchased in three of the most affordable ways:

The Cheapest Ways to Buy Bitcoin in 2024

  •  eToro – Best Overall Cheapest Way to Buy Bitcoin
  •  Binance – Cheapest Way to Buy Bitcoin with Altcoin Selection
  •  Coinbase – Cheapest Way to Buy Bitcoin for Beginners
  •  Bitpanda – Cheapest Way to Buy Bitcoin for Traditional Investors
  •  Capital.com – Cheapest Way to Buy Bitcoin CFDs
  •  Skilling – Cheapest Way for Minimal Bitcoin Exposure
  •  Bitstamp – Cheapest Most Secure Way to Buy Bitcoin

The 7 Cheapest Places to Buy Bitcoin Reviewed

1. eToro – Overall Cheapest Way to Buy Bitcoin

E-Toro is a leading social investment platform providing access to over 60 cryptocurrencies and other assets to its 25 million members worldwide.

Compliance is a hallmark of the investment platform. An assortment of international agencies oversee it, including the FCA in the United Kingdom, CySEC in Cyprus, and the FSA in Australia.

Thanks to these rules and regulations and years of reliable service, eToro has become known as one of the most reliable and efficient cryptocurrency exchanges for buying and selling Bitcoin and other cryptocurrencies.

Find Bitcoin (and a plethora of other cryptocurrencies) in eToro’s Discover area, and then use American Express, bank deposits, PayPal, or Skrill to purchase Bitcoin. In addition to the spread, there is a small transaction fee of 1%.

With a $10 (£8.6) minimum deposit, deposits are free; however, withdrawals over $30 cost $5 (£4.07). Since USD is the account’s denominator, any deposits made in fiat currency other than USD (such as GBP) would incur a conversion fee based on the current rates for bank transfers.

You can earn interest on your cryptocurrency holdings with eToro’s staking services if you intend to keep them long.

Create an account with your name and email address to start using eToro. Next, we need two pieces of identification—one from the government and one from a utility bill or other evidence of address—to confirm your account.


  • Low 1% purchase fee for Bitcoin and other cryptos
  • A low minimum deposit amount of $10
  • Free deposits and withdrawals under $30
  • No commission charged
  • Social investing features that allow you to copy others’ trades
  • Highly regulated and trusted
  • It has a mobile app


  • Not available in remote regions
  • Crypto selection is quite limited when compared to some competitors

Why we chose eToro

If problems emerge, the expense of using an unregulated platform might be more than the exorbitant costs for Bitcoin transactions. The fact that eToro’s platform is safe and regulated shows that they get it. Also, they may point to a successful 15-year history as evidence.

2. Binance – Cheapest Way to Buy Bitcoin with Altcoin Selection

Binance is a significant player among the many cryptocurrency exchanges available today. Differentiating from Binance’s rivals, it has expanded beyond an exchange to become a one-stop shop for crypto shops and cryptocurrency exchanges that sell Bitcoin.

The Goliath has a monstrous collection of over 600 crypto assets and ultra-low crypto and Bitcoin trading fees of 0.10%. It is most famous for these features when purchasing Bitcoin and other crypto assets.

There is a $50 minimum deposit requirement for Binance deposits made through legitimate payment methods such as electronic wallets, bank transfers, and credit cards, among 61 other fiat currency alternatives.

There is another way to purchase BTC and receive crypto into your Binance account through the peer-to-peer (p2p) market, although this minimum payment method varies. Participants in this market come from all over the world, and Binance facilitates their transactions by acting as an escrow service. In most cases, peer-to-peer (P2P) markets can replace traditional banking by eliminating the need for initial deposits.

Payment processing fees for Binance’s official deposit method are $1 for bank transfers and around 1.8% of transaction volume for credit card deposits. The deposit currency determines alternative ways.

Withdrawals in fiat currency follow a similar trend, with bank transfers costing $1 and credit card payments costing around 1.8%. Withdrawals from cryptocurrency accounts are subject to network and activity-based fees; deposits, however, are always free.


  • Wide selection of 600+ coins
  • Low spot market fees at 0.1%
  • 24/7 chat support. Email support for more severe issues
  • Robust platform for staking, earning, and saving
  • It has a mobile app


  • Has faced regulatory hurdles in various countries
  • Withdrawal fees may be higher than necessary for some cryptos

Why we chose Binance

Its array of services is why we went with Binance. Anyone from Bitcoin traders new to the platform to seasoned investors can find what they want on its powerful crypto trading platform. With its low costs and even cheaper peer-to-peer market, Binance is a one-stop shop for buying Bitcoin reasonably.

3. Coinbase – Cheapest Way to Buy Bitcoin for Beginners

The user-friendliness of Coinbase is well-known. It may be the most cost-effective way to purchase Bitcoin, and its user-friendly design helps newcomers to the cryptocurrency world get started.

Among Coinbase alternatives, the trading site has one of the most significant collections of 193+ cryptocurrencies in the US. With a $2 minimum trading amount, newcomers may buy Bitcoin online with less hassle.

Simple payment methods include PayPal, wire transfers, credit cards, and automated clearing house (ACH) transfers. Payments made by credit card incur a fee of 2.49 per cent of the total purchase price, wire transfers cost $10, and ACH transactions do not cost anything.

While residents of the United States have access to the withdrawal options mentioned above, all other users are restricted from sending money via bank transfers. You can still withdraw funds for free via ACH, but paying with credit cards will cost you 2.49 per cent of the total, and wire transfers will set you back $25.

For direct crypto-to-crypto or crypto-to-fiat currency conversions, the Coinbase cryptocurrency exchange costs 1%; for spot trading, the fee ranges from 0.05% to 0.60%.


  • Largest crypto selection in the United States at 170+
  • Intuitive platform perfect for beginners
  • Small trade sizes to test before using capital
  • Low transaction fees
  • It has a mobile app


  • Fees are not as low as some competitors in the US
  • Not suitable for users in remote regions without access to popular payment methods

Why we chose Coinbase

Because it maintains an easy-to-use trading platform and accepts popular payment channels, Coinbase is ideal for new consumers in developed nations who are new to cryptocurrency exchanges. Also, Coinbase allows you to keep cryptocurrency for extended periods.

4. Bitpanda – Cheapest Way to Buy Bitcoin for Traditional Investors

Bitpanda is a platform that allows regular people to invest in cryptocurrencies. The portal serves as a one-stop shop for contemporary investors while supporting more conventional investment methods.

Over 170 cryptocurrencies are available on the European digital currency network, subject to strict regulation from agencies such as the Czech Trade Authority, the Autorité Des Marchés Financiers (AMF) in France, and the Financial Market Authority (FMA) in Austria. In addition to being safe, it follows all AML5 regulations.

Only investors located in the Eurozone can use popular payment methods to fund their Bitcoin accounts. These include Sepa, Giropay, Skrill, Neteller, Sofort, Visa, and Mastercard. Clients from other countries must use other accessible solutions.

For instantaneous fiat-to-crypto conversions and maker/taker trades on its trading platform, Bitpanda levies a 2% deposit fee. To kick off your adventure into purchasing Bitcoin at a discount, the platform also requires a minimum investment of €25.

While the website does not specify any fees for deposits or bank transfers, Sepa payments are often free within the Eurozone, and credit card payments range from 1% to 3% of the total amount. For a comprehensive guide, read our Bitpanda review.


  • Highly secure and regulated
  • Familiar interface for traditional investors
  • Simple, easy-to-use platform
  • Low €25 minimum deposit and withdrawal requirement
  • 0.025% fee if investors use the trading platform


  • Conversion fee applied to deposits other than EUR
  • Withdrawal is via bank account only

Why we chose Bitpanda

Bitpanda is an investment platform designed for more conventional investors looking to diversify their holdings into cryptocurrency. As an all-in-one platform, the platform caters to both conventional and modern investors.

Several organisations, the Financial Market Authority (FMA) of Austria, the Autorité Des Marchés Financiers (AMF) of France, and the Trade Authority of the Czech Republic, rigorously oversee the European digital currency network, which offers more than 170 cryptocurrencies. Additionally, it complies with AML5 regulations and is secure.

Bitcoin accepts deposits from Eurozone residents only using Sepa, Giropay, Skrill, Neteller, Sofort, Visa, and Mastercard. Customers based in other nations are redirected to alternative possibilities.

If you want to convert fiat currency to cryptocurrency directly on Bitpanda, the deposit cost is 2%. If you want to make or take a trade on their trading terminal, the fee is 0.025%. You can begin your adventure into purchasing Bitcoin at a discount with a minimum deposit of €25, which the platform imposes.

Sepa payments are often free within the Eurozone, while credit card payments range from 1% to 3% of the transaction value, although there are no specified charges for deposits or bank transfers on their website. To get a full rundown, check out our Bitpanda review.


  • Highly secure and regulated
  • Familiar interface for traditional investors
  • Low €25 minimum deposit and withdrawal requirement
  • 0.025% fee if investors use the trading platform


  • Conversion fee applied to deposits other than EUR
  • Withdrawal is via bank account only

Why we chose Bitpanda

Bitpanda is a safe platform for buying and managing Bitcoin investments, and it also lets you sell Bitcoin when the time comes. Its user interface is familiar to conventional investors, and unlike other cryptocurrency exchange platforms, it is subject to strict regulation.

5. Capital.com – Cheapest Way to Buy Bitcoin CFDs

If you’re looking for a top CFD broker that covers a wide range of financial markets, including bitcoin, go no further than Capital.com. Traders looking for an inexpensive approach to profit from Bitcoin price swings will find it ideal.

With more than 456 cryptocurrency contracts available for most fiat and crypto crosses, this broker is regulated by the FCA, CySEC, and ASIC. Long and short trades in these digital currency contracts are possible with the help of a suite of indicators.

Trading costs may fluctuate due to the broker’s changing spreads on cryptocurrency contracts. There was a 60-point spread on Bitcoin at the time of writing, which translated to $600/100,000 units (lot), $60/10,000 units (mini lot), and $6/1,000 units (micro lot).

Because Capital.com pays for all deposits and withdrawals, they are more affordable. However, fees may be levied by your payment processor, mainly if you use a debit or credit card.

To begin, you must deposit at least $20. Depending on your area, you have a few options, like wire transfers, PayPal, credit card payments, or bank transfers.


  • Highly regulated broker
  • A low minimum deposit of $20
  • Commission-less trading
  • Multiple payment channels are available
  • There are no deposit or withdrawal fees on the broker side


  • Not available to US clients
  • Does not provide account insurance
  • Crypto CFDs are not available for UK residents

Why we chose Capital.com

Traders can get exposure to a Bitcoin holdings account on Capital.com for a low price without purchasing Bitcoin. Thanks to its modest minimum deposit and favourable spreads, investors may try it out without putting a big chunk of their money at risk.

6. Skilling – Cheapest Way for Minimal Bitcoin Exposure

One can acquire Bitcoin CFDs at a low cost using skill. Its spread on Bitcoin is a reasonable 0.2% per trade, providing access to more than 55 cryptocurrencies CFDs.

Financial Services Authority (now FCA) and Cyprus Securities Exchange Commission (CySEC) oversee the platform. Additionally, it protects user funds by utilising seutilizingasures that are widely used in the business.

Simple and cheap, the 2.9% fee for Skrill and Neteller deposits is a real bargain. Withdrawals and deposits made using UnionPay, Fasa, Webmoney, Pay retailers, and bank transfers are free.

To begin Skilling, a sum of $100 is necessary. You will access a 1:50 leverage facility once your deposit is confirmed.


  • Cheap Bitcoin spreads among CFD brokers
  • Highly secure and well-regulated
  • 1:50 leverage facility
  • Free deposits and withdrawals for all payment methods aside from Skrill and Neteller


  • Minimum deposit higher than others

Why we chose Skilling

If you’re looking for a licenced cryptocurrency broker with an excellent leverage facility and low-cost funding options, go no further than Skilling. This is an excellent option for clients looking to affordably obtain exposure to the price volatility of Bitcoin through leverage.

7. Bitstamp – Cheapest and Most Secure Way to Buy Bitcoin

Featuring state-of-the-art security measures, 78 different digital currency options, and a service history spanning over a decade, Bitstamp is a full-fledged cryptocurrency exchange. Customers who care about the reputation of their Bitcoin transactions will love this option.

For investors to take advantage of price swings, the exchange offers a desktop and mobile version of its cryptocurrency app. For customers who are more interested in trading, there is a Pro mode with a trading terminal they may use to sell Bitcoin.

Bitstamp offers a 0% fee on conversions and trading orders for accounts with 30-day transaction volumes below $1,000. Clients whose 30-day trading volumes are less than $10,000 will incur a 0.30–0.40% fee per trade. The lower the transaction volumes are, the lower this cost becomes.

You can pay with United States dollars, British pounds, or euros via Sepa, American Express, Faster Payments, credit cards, Google Wallet, Apple Pay, or wire transfers.

The deposit and withdrawal fees for credit cards, Google Pay, and Apple Pay are 5%. Sepa allows free deposits but charges €3 for withdrawals. ACH transfers are accessible in both directions. Faster Payments allows free deposits but charges £2 for withdrawals.

Lastly, the least amount for a wire transfer is $7.5 (£5), and the highest is $300 (£250), while the minimum amount for a withdrawal is $25, and the cost is 0.1%. Ten dollars is the bare minimum for a deposit. For a more comprehensive guide, you can read our entire Bitstamp review.


  • Regulated by the CSSF
  • Implements military-grade security
  • Low minimum deposit requirement
  • Flexible payment methods
  • Transparent fee schedule


  • High trade fees for smaller amounts

Why we chose Bitstamp

Over the years, Bitstamp has established itself as a trustworthy method for buying Bitcoin. You can trust it as a long-term safe cryptocurrency exchange because of its robust security measures and various payment choices.


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