5 Most Trusted Bitcoin Investment Sites (What to Know in July 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 as of July 18th, 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 'investment sites' have since been hacked, become insolvent, or shut down for many other reasons.
Swan Bitcoin IRA
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Swan Bitcoin simplifies the process of investing in Bitcoin with a focus on recurring purchases. Below are some detailed insights into what Swan offers:
Simple Connection: Users can easily link any major U.S. bank account to start their investment journey.
Recurring Investment Options: Swan provides options for daily, weekly, or monthly recurring buys, allowing users to steadily convert dollars into Bitcoin savings.
Bitcoin-Only Focus: Swan prides itself on being a “Bitcoin-only” investment company, which they believe gives them a competitive advantage.
User Accessibility: Aimed at being the most user-friendly platform for acquiring Bitcoin, Swan caters to a broad audience.
Swan Private: For high net-worth individuals, family offices, or corporations looking to invest $100,000 or more, Swan Private offers customized services.
Educational Commitment: Swan emphasizes education about Bitcoin, offering extensive resources, including +110k subscribers to Swan’s YouTube channel.
Security and Custody: The company offers robust custody services to ensure the safe storage of Bitcoin assets.
Bitcoin IRA Options: Swan provides unique investment options, such as a Bitcoin IRA, ideal for younger investors who anticipate higher future earnings. It also offers a specific Bitcoin Roth IRA.
Platform Support: Available for both Android and iOS devices.
Swan Bitcoin is dedicated to making Bitcoin investment as accessible and straightforward as possible. Swan places a strong emphasis on education, security, and customer service.
Swan Support provides industry best customer support and boosts a 4.5/5 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
Amber is a streamlined application designed for recurring Bitcoin purchases. Here are the key aspects of the app:
Core Function: Amber specializes in facilitating easy and automatic recurring purchases of Bitcoin, making it accessible for regular investors.
Design and Usability: The app is known for its clean design and user-friendly interface, emphasizing simplicity in acquiring Bitcoin.
Global Reach: Amber serves a wide range of regions, including the U.K., Europe, Central Asia, Eastern Europe, the MENA region, Africa, South and Central America, and Canada, as well as the United States with exceptions in Connecticut, Hawaii, New York, New Hampshire, Texas, and Virginia.
Amber aims to democratize Bitcoin investments by offering an easy, repetitive buying scheme that caters to beginners and seasoned investors alike, supported by significant venture capital to ensure reliability and growth.
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.
Bull Bitcoin is a prominent Bitcoin exchange focusing on the Canadian and Costa Rican markets. Here are the essential details:
Website: Explore more about Bull Bitcoin on their official website.
Exchange Type: Bull Bitcoin operates as a fixed-rate exchange, providing a stable trading experience for users.
User Demographic: The platform, specifically tailored for Canadians and Costa Ricans, facilitates the buying, selling, and spending of Bitcoins online.
Philosophy and Leadership: The exchange is led by individuals who identify as Cypherpunks and Bitcoin Maximalists.
Privacy and Security: Bull Bitcoin places a high emphasis on user privacy, security, and the ability for users to maintain full custody of their Bitcoins.
Innovative Development: The team has also created Cyphernode.io, a modular Bitcoin full-node microservices API server architecture. This toolkit helps developers build scalable and secure applications/services without relying on third parties.
Bitcoin Jungle Partnership
Partnership: Bull Bitcoin has partnered with Bitcoin Jungle, enhancing Bitcoin services in Costa Rica.
Unique Offering: This collaboration marks Bull Bitcoin as the first and only exchange in Costa Rica to offer Bitcoin ↔ Colones conversions.
Integration with SNIPE: They utilize SNIPE, the national fiat mobile payment system, allowing transactions to be processed with just a phone number over the Lightning Network.
This partnership between Bull Bitcoin and Bitcoin Jungle is pioneering the way for practical and accessible Bitcoin transactions in Costa Rica, utilizing advanced technologies for efficiency and security.
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.
Cash App is a versatile financial application available on iOS and Android platforms, designed to streamline various monetary transactions. Here are some key points about Cash App:
Platform Availability: Cash App is available for iOS and Android and offers a user-friendly experience similar to Venmo and PayPal.
Financial Services: It enables users to buy stocks and Bitcoin, catering to both traditional and cryptocurrency investors.
Popularity: Recognized as one of the most popular financial apps in the app store, Cash App stands out for its accessibility and ease of use.
Founder: The app was developed by Jack Dorsey, the CEO of Square (now known as Block) and former CEO of Twitter. Dorsey is known for his strong support of Bitcoin.
User Experience (UX): Cash App is praised for its excellent user interface, making the process of buying Bitcoin straightforward and appealing.
Reception: Despite its popularity, Cash App has received mixed reviews, as evidenced by its 93% 1-star rating on Trustpilot.
Pioneering Bitcoin Sales: Square, the company behind Cash App, was the first publicly-traded company to sell Bitcoin. This move has been pivotal in promoting Bitcoin adoption. Learn more about this from their press release.
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.
Strike App is designed to integrate Bitcoin seamlessly into everyday financial activities, offering a modern solution for digital transactions. Here’s a detailed look at what Strike offers:
User Interface: Strike App boasts a user-friendly interface, making it easy for users to navigate and execute transactions.
Payment Processing: It features Lightning network-speed payment processing, enhancing the efficiency of sending and receiving Bitcoin. More details can be found on their blog about transparent pricing.
Instant Transactions: The app allows individuals and businesses to send and receive Bitcoin instantly, eliminating delays typical of traditional banking systems.
Security and Decentralization: By leveraging Bitcoin’s decentralized network, Strike App offers high security and efficiency, setting a new standard for money transfers.
Financial Inclusion: Strike App is part of a broader movement toward financial inclusion, making banking and financial services accessible to a broader audience through the power of cryptocurrency.
Europe Strike: Strike launches buy Bitcoin, global payments, and more to customers in Europe
Strike App is revolutionizing the way we think about and handle financial transactions, combining ease of use with the robust capabilities of Bitcoin’s network.
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.
River Financial is a platform that specializes in providing financial services specifically for Bitcoin enthusiasts and investors. Below are key details about what River offers:
Focus on Bitcoin: River Financial is similar to a Fidelity brokerage account, but it is exclusively for Bitcoin. This focus allows it to integrate advanced Bitcoin technologies deeply.
Advanced Bitcoin Technologies: River offers access to sophisticated Bitcoin technologies, including Partially Signed Bitcoin Transactions (PSBTs) and native multi-signature capabilities. Additionally, they utilize a scripting language known as Script Descriptors.
Bitcoin-Only Operation: By focusing solely on Bitcoin, River can allocate more resources towards enhancing features native to Bitcoin technology.
Availability in the U.S.: River Financial services are available to clients across the United States, with specific exclusions. To be eligible, clients must reside in an approved state or territory.
Exclusions: River does not currently operate in New York or Nevada.
Limited Operations in Certain States: River only serves existing clients in Idaho.
Territory Support: The platform is available in U.S. territories, including Puerto Rico.
River Financial stands out by dedicating itself to enhancing the Bitcoin investment experience through cutting-edge technologies and focusing on security and accessibility within the United States.
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.
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:
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).
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.
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.
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. Check out module one below!
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 here.
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
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.
Expect the fires from FTX to continue to burn and claim more victims along the way. If anything, this event has provided a tough lesson on why Bitcoin is different and why self-custody is vital.
We believe that a global, Nasdaq-listed, Bitcoin-only financial services company will play a key role in winning the race to avoid the war, so we’re building it.
