Bitcoin buying and selling price

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We help you find the latest Bitcoin price, Ethereum price, EOS price along with the top 20 cryptocurrency prices by market cap. You can also compare it to other assets including the S&P 500. We also have historical bitcoin charts comparing the price of bitcoin to USD along with bitcoin price predictions.

What Is the Price of Bitcoin?

When people talk about the price of Bitcoin, they are referring to the current price at which Bitcoin is changing hands. Since Bitcoin is a purely speculative asset, this price is determined by how little sellers are willing to charge and how much buyers are willing to pay. Even then, the price of Bitcoin can vary across exchanges like Coinbase and Binance or currencies because of market inefficiencies

The price of Bitcoin is constantly changing and is closely monitored by a number of banks, financial institutions, and retail investors. Our website shows you the average price of Bitcoin across major exchanges in the currency of your choice, with updates every 30 seconds.

Bitcoin Price History in 2020

MONTH	HIGH	LOW
December 2020	$28,891.61 (December 31)	$18,250.47 (December 12)
November 2020	$19,157.16 (November 25)	$13,571.24 (November 3, 2020)
October 2020	$13,646.02 (October 28, 2020)	$10,552.04 (October 4, 2020)
September 2020	$11,926.69 (September 2, 2020)	$10,174.62 (September 4, 2020)
August 2020	$12,301.19 (August 8, 2020)	$11,063.50 (August 3, 2020)
July 2020	$11,113.66 (July 31, 2020)	$9081.44 (July 6, 2020)
June 2020	$10,211.23 (June 2, 2020)	$9,007.14 (June 28, 2020)
May 2020	$9,999.93 (May 8, 2020)	$8,568.88 (May 12, 2020)
April 2020	$8,784.96 (April 30, 2020)	$6,423.61 (April 1, 2020)
March 2020	$9,160.39 (March 7, 2020)	$4,916.78 (March 13, 2020)
February 2020	$10,630.37(February 15, 2020)	$8,793.50(February 27, 2020)
January 2020	$9,501.38 (January 31, 2020)	$6,965.72 (January 3, 2019)

Bitcoin Annual Closing Prices & % Return

Bitcoin Annual Closing Prices and % Returns

YEAR	CLOSING PRICE (% RETURN)
2019	$7,233.44 (93%)
2018	$3,743 (-74%)
2017	$14,156 (+1942%)
2016	$693 (+61%)
2015	$430 (+34%)
2014	$320 (-58%)
2013	$754

Biggest Moments in Bitcoin’s Price History

There have been a few defining moments for the price of Bitcoin, here are the biggest price movements:

June 2019 Bull Rally

Following the dump in November 2018, Bitcoin spent several months slowly creeping up to the $8,000 mark. Then, in the month of June alone, Bitcoin rallied to almost $13,000, eventually stabilizing around $10,000 for the coming months.

2018 End of Year Dump

Contrary to the previous year, 2018 saw a prolonged bear bias for the major cryptocurrency. However, following the closure of a 10-month long price wedge, Bitcoin fell from as much as $6,700 to below $3,700 within the single month of November.

2017 Bull Market and All Time High

2017 was a great year for Bitcoin price-wise, but the bullish price action went parabolic in the last few months of the year. Between November 1 and December 17, Bitcoin’s price skyrocketed from $6,600 to its All Time High of over $20,000 — a more than three times increase.

February 2014 Crash

Following the currency’s recent rally, there was bound to be tension in the Bitcoin price in the first months of 2014. This tension broke out when news aired that cryptocurrency exchange Mt. Gox had been hacked, causing the price to drop from around $800 to below $450.

2013 End of Year Rally

Only at the start of November 2017 did Bitcoin recover to its highs from earlier in the year, and this marked the beginning of one of Bitcoin’s most notable bull runs. By the end of the month, the price had quadrupled, although it stabilized around the $700 mark by the new year.

April 2013 Crash

In early April 2013, Bitcoin was trading for as much as $237. Overnight, it fell to just $67. This seventy-plus percent drop hit the market with a lasting effect, as it would take over six months for the price to recover to previous levels.

Bitcoin Price FAQ (Frequently Asked Questions)

How is the price of Bitcoin determined?

The price of Bitcoin is determined by how little sellers are willing to charge (the ask price) and how much buyers are willing to pay (the bid price). When these prices overlap, a trade occurs representing the current price at which Bitcoin is changing hands.

How often does the price of Bitcoin change?

The price of Bitcoin is constantly changing, with every new trade that is made. Our platform updates the price information every 30 seconds. The cryptocurrency price data on BitcoinPrice.com is based on CryptoCompare’s API. The data is an aggregate of cryptocurrency exchange prices from around the world.

Is the price of Bitcoin the same across the world?

Due to market inefficiencies, it’s possible that Bitcoin is traded for different prices at the same time in different parts of the world. This discrepancy can increase if it becomes harder for buyers in a certain geographical location or using a certain currency to buy Bitcoin.

What is the difference between bid and ask prices?

The bid price is the price at which buyers are willing to buy Bitcoin, and the ask price is the price at which sellers are willing to sell Bitcoin. A trade only occurs, thereby changing the price of Bitcoin, when these prices overlap.

How does Bitcoin work?

The big record book or ledger is called a blockchain. The file size of blockchain is quite small, similar to the size of a text message on your phone.

Every Bitcoin blockchain has three parts; its identifying address (of approximately 34 characters), the history of who has bought and sold it (the ledger) and its third part is the private key header log.

The first two parts are quite easy to understand. The third one is a bit complex – this is where a sophisticated digital signature is captured to confirm each and every transaction for that particular Bitcoin file. Each digital signature is unique to each individual user and his/her personal Bitcoin wallet.

Each and every trade of Bitcoin is tracked and publicly disclosed, with each participant’s digital signature attached to the Bitcoin blockchain as a confirmation.

These trades can be found at blockchain.info.

This also means people can see the history of your Bitcoin wallet which is a good thing because it adds transparency and security. Also, it helps deter people from using Bitcoins for illegal purposes.

The integrity and chronological order of the blockchain is enforced with cryptography. In addition to archiving transactions, each new ledger update creates some newly-minted Bitcoins.

The number of new Bitcoins created in each update is halved every 4 years until the year 2140 when this number will round down to zero. At that time no more Bitcoins will be added to circulation and the total number of Bitcoins will have reached a maximum of 21 million.

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Best Places to Buy Bitcoin

Coinbase wins with a strong track record and reasonable fees

Bitcoin is a type of virtual currency that you can use for digital purchases or you can trade like stocks or bonds. To buy and sell cryptocurrency including Bitcoin, you need to use a bitcoin exchange.

A bitcoin exchange will allow you to buy Bitcoin in exchange for other assets, including traditional currency or other digital currencies. The best cryptocurrency exchanges are secure, cost-effective, quick to set up, easy to use, and accept a variety of funding sources. Here are our picks for the best places to buy bitcoin.

Best Places to Buy Bitcoin in 2021

• Best Overall:Coinbase
• Best for Beginners:eToro
• Best for No Cost:Robinhood
• Best Instant:CoinMama
• Best for Interest and Borrowing:BlockFi
• Best for Privacy:Bisq

Best Overall : Coinbase

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• Currencies: 50+
• Transaction Fees: Flat fee between $0.99 to $2.99, plus funding fee of up to $3.99%.
• Wallet Included: Yes

If you are brand new to the world of bitcoin and cryptocurrency, Coinbase is an excellent place to start due to support for a number of popular cryptocurrencies, a strong security track record, and reasonable fees.

More than 56 million verified users

Support for a large number of currencies

Spread pricing opens possibility for high fees

High fees for debit card transactions

Coinbase is a large cryptocurrency wallet provider and exchange based in San Francisco. It boasts over 56 million users in over 100 countries, making it a popular choice for cryptocurrency enthusiasts, investors, and traders. Coinbase claims it holds over $223 billion in assets and facilitates more than $335 billion in trade volume each quarter. You can trade dozens of currencies, including Bitcoin at Coinbase.

Coinbase charges several fees, which it discloses upfront when entering a transaction. Those include a flat per-transaction fee and a spread of about 0.50%. Fees vary based on the funding method going up to 3.99% when you use a debit card to buy. Serious users may want to upgrade to Coinbase Pro, which uses its own pricing model.

Coinbase offers strong security through Coinbase Vaults, two-factor authentication, and its use of offline storage for the vast majority of client assets.

Best for Beginners : eToro

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• Currencies: 18
• Transaction Fees: Spread price of 0.75%
• Wallet Included: Yes

eToro is currently offering a $50 bonus for customers that purchase $1,000 worth of cryptocurrency through their platform. This promotion is in select U.S. states.

eToro is our choice for beginners thanks to an easy-to-use platform and practice accounts that let you test out buying bitcoin without risking real funds.

Free practice accounts with virtual money

Copy-trading system to learn the ropes

High spread fee for bitcoin purchases

If you’re looking for a simple and focused platform that allows you to buy bitcoin while learning more about the cryptocurrency ecosystem, eToro could be right for you. Those new to bitcoin will appreciate the simple and straightforward platform and CopyTrader system that allows you to mimic trades from others on the platform.

You can test the waters with a $100,000 virtual account with no risk to your actual money when you sign up. Once you’re comfortable, you can enter a live trade with real dollars. Just take note of the 0.75% spread price for bitcoin and higher fees for other currencies.

Best for No Cost : Robinhood

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• Currencies: 7
• Transaction Fees: N/A
• Wallet Included: No

Robinhood is our choice for cost thanks to commission-free bitcoin trades.

Buy or sell bitcoin without commissions

Limited supported currencies

No crypto wallet options

When you pay fees of 0.5% or more to buy and sell, you’re giving up a big portion of your potential bitcoin gains right off the top. Robinhood is best known as a commission-free stockbroker, but you can buy and sell bitcoin with no commissions as well. If you already have some experience with stock market investing, buying cryptocurrencies with Robinhood will likely feel familiar, a bonus for those new to bitcoin.

Robinhood Crypto is technically a separate account that you use alongside your Robinhood stock investment account. It supports a fairly short list of currencies, but that could be fine for many bitcoin buyers.

Best Instant : CoinMama

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• Currencies: 8
• Transaction Fees: Up to 3.90% commission fee
• Wallet Included: No

We picked Coinmama because it offers instant bitcoin purchases with many payment options and high limits.

Instant order delivery

Transfer to any crypto wallet

Numerous funding options

Complex fee structure

Additional 5% fee for instant delivery

No ACH bank transfer support

If you want to own bitcoin as quickly as possible and already have a bitcoin wallet, Coinmama may be your best choice. Coinmama features fast account setup and verification. Once you’re logged in, you can buy bitcoin instantly using several payment methods, though there may be a fairly high price tag for those instant purchase privileges.

You can use a credit or debit card to buy one of ten different currencies. When you place an order, the funds are instantly verified with your connected card by Coinmama, then the cryptocurrency you chose is deposited into your crypto wallet. Those in the UK and EU have additional instant funding options that are not available in the US.

Hopefully, they’ll add US-based ACH payments as a funding method, though the nature of electronic transfers in the U.S. wouldn’t allow for instant purchases with this funding method. But if you have a credit or debit card and don’t mind the fees, Coinmama allows you to buy coins with any bitcoin wallet instantly.

Best for Interest and Borrowing : BlockFi

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• Currencies: 6
• Transaction Fees: N/A
• Wallet Included: No

We picked BlockFi because it provides the option to borrow using bitcoin as collateral, trade with no fees, and lend to earn interest.

Earn up to 8.6% APY in crypto

Use Bitcoin as collateral for USD loan

No added fees for cryptocurrency trades

Loan interest rates as high as 9.75%

If you have a lot of cryptocurrency and want to do more with it without selling, you should know about BlockFi. BlockFi enables you to earn interest when you deposit your bitcoin into an account. If you want to unlock your bitcoin without selling, you can also use existing bitcoin as collateral for a loan, but take note of the interest rates of 4.5% to 9.75% and the required 2% origination fee. You can also buy and sell bitcoin and other cryptocurrencies with no added trading fees.

Early adopters to the cryptocurrency bandwagon or with major holdings can earn serious interest with rates up to 8.6% APY (as of May 2021). BlockFi also has a new rewards credit card that will pay you in bitcoin, which shows plenty of innovation to come from this unique crypto exchange.

Best for Privacy : Bisq

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• Currencies: 64
• Transaction Fees: 0.05% to 0.7%
• Wallet Included: Yes

We like Bisq’s decentralized features that improve privacy and anonymity when buying and selling bitcoin through an open-source desktop app.

Decentralized network improves privacy

Software is open source

No registration required

No identity verification required

Potential for slow transactions

Not ideal for active traders

For those drawn to the anonymity provided by bitcoin, Bisq may offer what you’re looking for. Bisq is a decentralized exchange that doesn’t require any signup or account. That means you can use Bisq to buy and sell with nearly complete privacy. The required Bisq desktop app is open source and free to use.

Bisq supports a wide range of payment methods, including bank transfers, Chase QuickPay, Popmoney, Zelle, and Western Union. Trade fees range from 0.05% to 0.70%, depending on what you’re doing and how you pay.

Bisq is best for those with at least a little crypto experience.

Final Verdict

The right cryptocurrency exchange for you will strike an ideal balance between fees, security, and trading options. That’s why it’s important to determine what you want out of an exchange before you dive in.

But if you aren’t sure exactly what you want, then Coinbase is a good place to get started. You can buy a variety of digital currencies with a fair pricing structure in a secure setting.

Compare the Best Places to Buy Bitcoin

Company	Currencies	Trade Fee	Security	Transactions	Max Trading Amount (in USD)
Coinbase Best Overall	50+	Flat fee between $0.99 to $2.99, plus funding fee of up to $3.99%	Two-factor authentication	Buy, Sell, Transfer	Customized trading limit. $25,000/day limit on deposits
eToro Best for Beginners	18	Spread price of 0.75%	Two-factor authentication	Buy, Sell, Transfer	Customized trading limit. $40,000 per debit card transaction
Robinhood Best for No Cost	7	N/A	Two-factor authentication	Buy or Sell	Customized trading limit. $350,000 per coin
Coinmama Best Instant	9	Up to 3.90%	Two-factor authentication	Buy, Sell, Transfer	Customized trading limit. $1,000,000
BlockFi Best for Interest and Borrowing	6	N/A	Two-factor authentication	Buy, Sell, Transfer	$1,200,000
Bisq Best for Privacy	64	0.05% — 0.70%	Multi-signature address	Buy, Sell, Transfer	No trading limits

Frequently Asked Questions

What is a Bitcoin Exchange?

A bitcoin exchange is a digital marketplace where you can convert currency like U.S. dollars into bitcoin. Many exchanges that support bitcoin also support other digital cryptocurrencies.

Every bitcoin exchange uses its own pricing and platform, which may instantly draw you to one exchange over another. Advanced bitcoin users may be interested in more details about the type of exchange. For example, some exchanges use centralized systems and user accounts while others are decentralized with a focus on privacy. Depending on what you’re trying to accomplish, you may prefer one type of exchange over another.

How Does a Bitcoin Exchange Work?

Bitcoin exchanges connect buyers and sellers and act as a middleman, or a broker, in some cases. When you buy bitcoin using a bitcoin wallet, the transaction is recorded on the Bitcoin Blockchain, which publicly tracks bitcoin-based transactions. In some cases, exchanges may transact on your behalf and not deliver bitcoin to an external digital wallet.

Are Bitcoin Exchanges Legal?

Bitcoin exchanges are generally considered legal in the United States. However, it is your responsibility to report capital gains to stay on the right side of the law for your annual tax filing.

What Are Some Differences Between Bitcoin Exchanges and Wallets?

Bitcoin exchanges are a place you can buy and sell bitcoin. In many cases, the exchange also includes a wallet, which is the “account” that holds your cryptocurrency. When you use a centralized exchange online or through a mobile app, the exchange will effectively hold the bitcoin on your behalf.

Bitcoin also enables you to use external wallets outside of an exchange. These include computer-based and web-based “hot wallets” and offline “cold wallets” that work kind of like a USB security fob. If you buy bitcoin at most exchanges, you have the option to transfer your coins to any bitcoin wallet.

What Are Some Differences Between Bitcoin Exchanges and Mining Software?

Bitcoin mining software is a type of application that helps maintain the Bitcoin Blockchain. Every transaction on the blockchain is public and recorded on countless computers around the world. When a transaction takes place, computers called miners race to record the transaction and get a small fee, which is paid by those who make the transaction.

When you run a bitcoin miner, you can effectively “create” your own bitcoin if you win the race and get paid the transaction fee. To improve your chances, you can join a pool with other miners. However, be aware that mining is very power-intensive and could wind up costing you more than it makes you. Bitcoin mining is best for those who are very computer savvy.

Is Buying Bitcoin Safe?

Buying Bitcoin is safe whenever you use a vetted and respected platform. It’s important to research any platform where you’re considering purchasing Bitcoin before you decide to take the plunge. In terms of Bitcoin being a safe investment, the value fluctuates more frequently than many other traditional investments. If you’re looking to support a decentralized method of making payments, Bitcoin can be valuable. However, there’s no guarantee or insurance protecting any value of what you’re purchasing.

How Can I Buy Bitcoin?

If you’re looking to buy bitcoin, follow these steps to get started:

1. Pick an exchange and wallet provider: The first step is to pick a place to buy and store your bitcoin. The easiest and fastest way to start is to choose an exchange that also offers secure bitcoin storage.
2. Open an account: Once you’ve picked your favorite exchange, you will most likely need to open an account and supply basic personal information. Some decentralized exchanges don’t require an account, but you’ll need an existing wallet and more technical know-how to use this type of exchange.
3. Fund your account: If you choose a provider that allows you to deposit fiat current (USD, EUR, GBP, etc.), you’ll probably have to fund your account before you can make an order. You may be able to buy right away with a debit or credit card, but beware of extra fees.
4. Place an order: Now it’s time for the big moment. Place your order and wait for it to fully execute. Because blockchain processing takes some time, your purchase may not be instant. There are many factors that can lead this to take anywhere from a few minutes to over an hour to complete.

Once your order is done, you should see your new bitcoin in your bitcoin wallet or account. Congratulations! You’re a cryptocurrency owner.

Methodology

We looked at more than a dozen of the best places to buy and sell Bitcoin online and settled on the top six places based on a number of factors. These factors included the history of the exchange, customer reviews, the fees each charge, the strength of features for each digital wallet, and the speed at which you can buy Bitcoin.

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