What is a good Bitcoin company to start a small investment in the USA?
MylesBitcoin investment sites, also known as exchanges or “onramps,” are an important part of the industry. Onramps provide an easy way for people to buy and sell Bitcoin with their local currency.
In the last year, we’ve seen a new class of trusted onramps that focus 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 a myriad of other reasons.
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Top 6 Best Bitcoin Investment Sites
Here’s a list of the top Bitcoin investment websites that are “Bitcoin-only” and currently available in 2020.
1. River Financial (USA)
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.
Why such limited availability? As a brokerage, River must apply for a Money Transmitter License in the US which is done on a state by state basis. The team has invested heavily in this area and they plan on continually rolling out new states over time.
2. Cash App (USA)
Cash App is an iOS/Android app that offers a Venmo/PayPal experience as well as offering users to buy stocks and Bitcoin. It was created by Square/Twitter which makes it one of the most trusted Bitcoin investment sites. Not to mention, Cash App is one of the most popular financial apps in the app store.
Cash App has a great UX and buying Bitcoin is very fast on it. Square is the first publicly-traded company to sell Bitcoin. Jack Dorsey, CEO of Square/Twitter, is very bullish on Bitcoin-only.
3. Swan Bitcoin
Swan is Bitcoin investing made easy. Connect any major US bank account, set an amount, and Swan’s weekly, paycheck, or monthly savings options steadily convert your dollars to Bitcoin savings. Swan buys more when the price goes down and less when the price goes up.
Swan’s goal is to be the easiest and most 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.
4. Amber (Australia)
Amber is currently only available in Australia with plans to expand to Europe soon.
About Amber: Amber is an app focused on making easy recurring buys of Bitcoin. Currently available for both Android and iOS. Amber focuses on clean design and providing a simple way to acquire Bitcoin.
5. Bull Bitcoin (Canada)
Bull Bitcoin is a fixed rate Bitcoin 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 which is a modular Bitcoin full-node microservices API server architecture and utilities toolkit to build scalable, secure apps/services without reliance on trusted third parties.
6. Coinfloor (UK)
Coinfloor is the longest-running Bitcoin investment site in the UK. They started by offering many different cryptocurrencies and then later realized that it was a better business decision to focus on Bitcoin only. In early 2020 they removed support for all assets besides Bitcoin.
Interestingly, Coinfloor is the only exchange in the world to provide Bitcoin audits (aka Proof of Reserves) which makes them one the most trusted bitcoin sites. According to the Coinfloor websites, their services are specifically designed to serve corporate and institutional investors, sophisticated investors and professional traders. The minimum deposit was recently reduced from $1,300 to $300. Coinfloor supports just two trading pairs, BTC/GBP and BTC/EUR.