Trying to buy bitcoin with credit cards, cash and/or PayPal worldwide was initially quite easy for people until 2017. As banks and governments around the world started realizing the power a decentralized currency could give citizens, the ease of purchasing bitcoin in various countries declined dramatically.
Regulators in the US and UK began noticing the altcoin trading “problem” that could be created with ICO’s (unregulated IPO’s) and bitcoin exchanges launching that could steal customers money or bitcoin. Buying and selling bitcoin will happen regardless of regulation in each country, proven by the Venezuela Bolivar failing and bitcoin mining being extremely common.
We’re quite big fans of anonymous exchanges, as the countries that threatened to “ban” or have difficult regulation procedures for citizens make anonymity for people and their money essential.
The largest exchanges to buy bitcoin around the world are located below. The KYC (know your customer) and AML (anti-money laundering) requirements at some exchanges make these a “no-go” for many interested in buying bitcoin for the first time. The security provided with “regulated” exchanges, especially for people new to bitcoin, shouldn’t be understated here.
It is always recommended to have a wallet separate from any exchange you purchase bitcoin or altcoins from. This will ensure you own your crypto currency and not the companies claiming they can be “trusted” with customers funds.
Best Bitcoin Exchanges Worldwide
|Top Exchanges||Known For||Popular in||KYC||Currencies|
|P2P Trading||Global||No||BTC, ETH, Alts||Sign Up|
|Decentralized Anonymous Exchange||Global||No||BTC, ETH, Alts||Sign Up|
|No KYC, Low Trading Fee's||Global||Under 2 BTC No||BTC, ETH, Alts||Sign Up|
|Large Global Exchange||Global||Yes||BTC, ETC, Alts||Sign Up|
|Person to Person Trades||Global||Yes/No||BTC, ETH, Alts||Sign Up|
|Large Global Exchange||Latin America, Europe, UK||Yes||BTC, ETH, Alts||Sign Up|
|Large Global Exchange||Europe, UK||Yes||BTC, ETH, Alts||Sign Up|
|Large Global Exchange||Latin America, Europe, UK, China, Russia||Yes||BTC, ETH, Alts||Sign Up|
|Anonymous Purchases||Global||No||BTC, ETH, Alts||Sign Up|
|Credit Card / Exchange||America's, Europe, Asia||Yes||GBP, USD, EUR, BTC, ETH, Alts||Sign Up|
|Exchange / P2P Marketplace||Africa, UK, Europe, Asia||Yes||ZAR, GBP, EUR, CAD||Sign Up|
|Exchange / Trading Platform||Russia, Europe, UK, Asia||Yes||RUB, USD, EUR||Sign Up|
|Credit Card / Exchange||Everywhere except USA||Yes||EUR, USD, GBP||Sign Up|
The first decentralized anonymous crypto currency exchange. Buy bitcoin with any of the following deposit methods: National Bank Transfer, Cash Deposit, SEPA, MoneyBeam, Zelle, Chase QuickPay, Uphold, Cash App, Venmo, Popmoney, Revolut, Faster Payment, US Postal Money Order, Interac e-Transfer, Swish, Western Union, OKPay, Perfect Money and Alipay.
Anonymous purchases of bitcoin for under $150, larger amounts can be purchased with identification verification of customers. For small amounts, using gift cards especially, this exchange has been popular for years to buy bitcoin.
Still quite popular for people worldwide to buy and sell bitcoin, the recent introduction of KYC (know your customer) requirements to trade have caused some users to look to an alternate exchange. The peer to peer trades for Dollars, Yuan, Real, Pounds and almost every other currency, have made the exchange one of the top options for US, Canada, Latin America and China bitcoin buyers.
Although attempting to keep KYC requirements to a minimum, certain countries like the United States and Germany will always require some form of a “regulated” exchange to follow know your customer rules. Selling bitcoin securely to people since 2011, gives Kraken top marks for being a trusted exchange though.
Similar to Localbitcoins, without the identification requirements, customers at Paxful can buy and sell bitcoin for any gift card from amazon, western union, iTunes and Visa pre-paid cards.
More Popular Exchanges to Buy Bitcoin by Country
Bitcoin.de has been one of the largest and most trusted exchanges for users buying and selling bitcoin and altcoins. Operating since 2011 throughout Europe, the exchange is considered by many to be one of the top exchanges in Europe.
Founded in 2014, Bitpanda is another European “digital currency” platform trusted by thousands of customers across Europe.
This Netherlands based exchange is so legitimate they even have a VAT number. We saw it, it’s VAT: NL853504234B01. Anycoin Direct have also been buying and selling bitcoins and altcoins since 2014.
Like Bitcoin.de and Bitpanda, Anycoin started in one European country and all serve everywhere in Europe currently.
Asia is full of exchanges, many of the original exchanges for bitcoin were based out of Japan, China and Hong Kong. Every country has a regulated “trusted” bitcoin exchange, like Bitcoin Indonesia in Indonesia or zebpay in India. Since every country has an “underground” bitcoin market that people use, we usually cover those in the crypto country areas for the larger bitcoin “scenes.”
Huobi and OKCoin are the top two exchanges used in China and surrounding countries in Asia. The most common form of purchasing bitcoin anonymously in the country involves the bitcoin meetup groups in every country though. This is because trusting the People’s Bank of China is not a wise thing to do.
The amount of bitcoin and altcoin transactions throughout Latin America is truly astounding. There are larger exchanges in Brazil like Foxbit and Satoshi Tango in Argentina, however we don’t really cover the ones connected to Latin America banking verification.
With Venezuela’s Bolivar going under and people fleeing or starving in the country, the entire continent is changing with Bitcoin being more valuable than local currencies for many people. The crypto currency country guides linked by country cover a lot more options than finding an exchange the banks and government have allowed in the country.
Buda.com for example, selling bitcoin in Chile, Columbia and Peru, has had their bank accounts closed by various banks throughout Latin America. The closures did not affect any customers balances.
However, it is clear the banking sector throughout Latin America will continue trying to stop bitcoin sales as much as possible. This is because Latin American banks are competing with US Banks, to see who can be more shady, and Latin America is winning.
The banks in Canada will delay transfers to crypto currency exchanges, the longest running and most trusted exchange currency would be Quadrigacx.
There are over 500 bitcoin ATM’s throughout the country currently, so finding one with decent fee’s to buy bitcoin shouldn’t be too difficult. Ontario and Quebec appear to be the main drivers of bitcoin currently, flying to Montreal for bitcoin and Maple syrup should be on most people’s
“to do” list.
Meetup groups in every city will also connect buyers and sellers while this new technology, and how to transact with them, are still changing.
Since 2014, Bitso and Volabit have been the two most trusted bitcoin exchanges with millions of Peso’s being paid for Bitcoin through them.
There is a site called Coinbase that a lot of people talk about over there, but we don’t. This is because Coinbase is believed to want a monopoly, making them evil to some and loved only by their investors, friends and relatives.
As one of the countries that needs bitcoin the most, they sure have weird ways of buying bitcoin in Africa. The exchanges Ice X and Luno have been selling bitcoin in Africa since 2013 and dominate the sales on regulated exchanges in the country. South Africa and Kenya have been buying so much bitcoin and bitcoin miners that there is a large underground market for buying and selling bitcoin in the country.
The Cape Town Bitcoin Meetup group appears to be quite active with helping people in Africa buy and sell bitcoin, the listings on gumtree (Craigslist over there) kind of worry us a little bit. The Bitcoin ATM’s in Kenya and South Africa are also common for buying bitcoin.