What Is A Bitcoin Stock Exchange?

Bitcoin Stock Market

Last Update March 2nd, 2020. A Bitcoin Stock Exchange is a website where people can access real-time prices to freely buy, sell or exchange Bitcoin with other virtual currencies or traditional fiat currencies such as the US dollar (USD), Euro (EUR) or the British Pound (GBP).

In order to trade professionally and have full access to various trading tools, users must open an account on a trading platform i.e. Coinbase Pro and verify their identity.

Cryptoassets have an inherent advantage in their liquidity and trading volume profiles because they are natively digital.

How Do Bitcoin Stock Markets Work

A Comprehensive Guide To Bitcoin Stock Markets

Do you want to learn how to buy and sell bitcoin and make a profit doing it?

This guide will go over the fundamentals of bitcoin stock markets and how you can buy and sell bitcoin stock.

What Is The Bitcoin Stock Name?

The bitcoin stock name is (BTC) or sometimes (XBT).

What Is The Bitcoin Stock Ticker Symbol?

The bitcoin stock ticker symbol is Ƀ.

Bitcoin Stock Price Chart

Bitcoin Stock Price History

The stock price of bitcoin has moved rapidly since its introduction on January 3rd, 2009. Here are the opening prices of bitcoin since its introduction:

January 3rd, 2009 – Basically nothing

January 1st, 2010 – Essentially nothing

January 1st, 2011 – ~$0.25

January 1st, 2012 – ~$3.00

January 1st, 2013 – ~$18.00

January 1st, 2014 – ~$750.00

January 1st, 2015 – $320.43

January 1st, 2016 – $430.72

January 1st, 2017 – $963.66

January 1st, 2018 – $14,112.20

January 1st, 2019 – $3,746.71

January 1st, 2020 – $7,194.89

How Much Was Bitcoin Stock Worth At Its Peak?

The highest price Bitcoin has ever reached until today is $20,089 on December 18th, 2017.

How Much Is Bitcoin Stock?

Check the live real-time price of bitcoin to know the most recent price of bitcoin stock.

How Do I Buy Bitcoin Stock?

Sign up for a reliable bitcoin stock exchange, verify your identity and fund your account to begin trading. From here on you can set your own market limit orders to buy bitcoin stock.

How To Buy Stock In Bitcoin

Step 1: Find a trading pair you would like to buy i.e. BTC/USD.

Step 2: Place a market limit or stop order.

Step 3: When the price of bitcoin moves past or away from the price you chose, the order will execute.

Step 4: You can repeat the process as many times as you would like.

Kraken Pro Trading Dashboard
An inside look at the Kraken Pro trading dashboard

How To Invest In Bitcoin Stock

The best way to invest in bitcoin stock is to buy when the market is at a low point and hold until it reaches a point of inflection. When the market is at a high point, make a decision to sell bitcoin stock to cement your profits.

You can use a platform such as Etoro or Cash App to directly buy and sell stock in bitcoin for profit. Although you can not withdraw bitcoin from these platforms you will not incur any maker / taker or transaction fees either.

Have a dependable hot wallet for real-time orders and a cold storage wallet for long-term holds.

How To Buy Bitcoin Stock

How Old Do You Have To Be To Buy Bitcoin?

In order to be eligible for trading on a bitcoin stock exchange, you are required to be age 18 years or older.

Types Of Bitcoin Stock Exchange Platforms

There are three types of exchange platforms, namely:

  1. Trading Platforms – These exchange platforms provide a link that connects sellers and buyers, enabling them to transact while charging a small fee for every transaction made.
  2. Direct Trading – This trading platform offers a direct person-to-person exchange platform, traders from different nationalities worldwide can trade bitcoins with each other. Direct trading platforms lack a fixed market price; instead, the seller sets his or her own exchange rate.
  3. Brokers – This is a bitcoin exchange platform where a broker sets the exchange price. Bitcoin exchange platforms operated by brokers are similar to foreign exchange platforms run by dealers

Factors To Look Out For Before Joining A Bitcoin Stock Exchange Platform

Bitcoin Stock Exchange Real-Time

Just like choosing an online bitcoin betting site, before commencing bitcoin trading, it is imperative to undertake a background check first of potential trading platforms you wish to start trading with. Below we have prepared a list of essential factors worth checking out before making your first trade.

The Platform’s Reputation – This is one of the surest ways of determining whether an exchange is reliable. You can get tonnes of reviews from different individuals or communities on various websites. You can also get answers by posting questions about an exchange platform on different forums such as Reddit or BitcoinTalk.

Charges incurred on the Platform– The majority of exchange platforms indicate their fees and other payment-related information on their website. Before joining, it is vital to countercheck the various fees the exchange charges for deposits, transactions and withdrawals to avoid any hidden costs. These fees vary depending on the exchange platform you choose.

Available Payment Options– Every exchange platform provides customers with various payment options. Whether you prefer transacting via bank account, PayPal, debit card or credit card, you should choose an exchange that has the payment option that comfortably suits your needs.

Verification Requirements – The majority of trading platforms require a user to provide some ID verification to make deposits or withdrawals. This verification may take a couple of days to process; however, it is essential for protecting users from scams or any form of money laundering

Geographic Location – Some exchanges require users to transact from a specific country to access their functions fully. Before trading verify if the exchange platform you want to join allows you to access all its features from the country you currently live in.

The Platform’s Exchange Rate – The exchange rate varies depending on various exchange platforms. This exchange rate fluctuates and can vary by up to 10%; therefore, it is wise to shop around and seek the best market rates available.

The Best Bitcoin Stock Exchange Platforms

There are various Bitcoin stock exchange platforms to choose from; however, it is important to note that not all exchanges are equal and each has its advantages and limitations.

We have prepared a nonconclusive list of suitable and reputable Bitcoin stock exchange platforms you can trust.

Gemini

Gemini Exchange

Rating:

Website:gemini.com
CEO:Cameron Winklevoss, Tyler Winklevoss
Headquarters:New York, New York
Founders:Cameron Winklevoss, Tyler Winklevoss
Founded:2014
Customer service:Knowledge Base

Owned by the Winklevoss Twins, Gemini boasts very low fees and a strong reputation. The dashboard makes it easy for investors to view a snapshot of their holdings upon login. With Gemini, you have the computing power of Forex trading software with a simple, easy to use interface.

Pros

  • Ability to set real-time market limit orders
  • Low fees
  • Clean user interface
  • Strong reputation
  • Great customer support

Cons

  • Exclusive to a limited number of countries

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Owned by the Winklevoss Twins, Gemini boasts low fees and one of the cleanest user interfaces out of all the exchanges. The dashboard makes it easy for investors to view a snapshot of their holdings upon login. The platform allows you to purchase and sell Bitcoin, Ethereum, Litecoin, Zcash, and (soon) Bitcoin Cash with real-time market limit buy and sell orders. With Gemini, you have the computing power of Forex trading software with a simple, easy to use interface.

Transferring funds into Gemini is as simple as linking your bank account. Bank transfers and bank wires are completely free, although your bank may charge you a fee to wire money into your Gemini account.

Coinbase

Coinbase Company Official Logo

Rating:

Website:coinbase.com
CEO:Brian Armstrong
Headquarters:San Francisco, California
Founders:Brian Armstrong, Fred Ehrsam
Founded:2012
Customer service:Knowledge Base
More information:Read Review

Coinbase is one of the most well-known bitcoin exchanges in the marketplace. The user interface is both colorful and accessible and there is even a mobile app available for Android and iOS.

Pros

  • Established reputation
  • User-friendly interface
  • High liquidity
  • Large purchasing limits
  • Ability to buy bitcoin instantly with a debit card
  • Accessibility (iOS and Android versions are available as well)
  • Strong security

Cons

  • Support takes time to respond
  • Slow bank transfers
  • Coinbase may monitor how and where you spend your bitcoins

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Coinbase is one of the most well-known Bitcoin exchanges in the marketplace. For beginners and investors alike, Coinbase is a great platform to get your foot into the door with bitcoin stock trading. The user interface is both colorful and accessible and there is even a mobile app available for Android and iOS. You will need to upload a government-issued ID in order to prove your identity before being able to trade bitcoin.

Coinbase Pro, formerly known as GDAX, offers individual traders the ability to trade a variety of digital assets on a secure, insurance-backed platform. The platform incorporates real-time order books and charting tools within a simple interface. Orders are placed directly from the Coinbase Markets.

Users can fund their accounts directly using bank transfer, credit card, debit card, and even bank wire. While bank transfers typically take a few days to complete, credit card and debit card transactions are nearly instant. Customers have the ability to withdraw money using PayPal.

Kraken

Kraken bitcoin exchange

Rating:

Website:kraken.com
CEO:Jesse Powell
Headquarters:San Francisco, California
Founders:Jesse Powell
Founded:2011
Customer service:Knowledge Base

Founded in 2011, Kraken is the largest Bitcoin exchange regarding total volume and liquidity.

Kraken Pro provides individual investors with real-time trading and charting tools.

Pros

  • Respectable reputation
  • Global support
  • Reliable customer support
  • Tiered verification
  • Affordable fees

Cons

  • Few payment methods
  • Sophisticated UI

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Kraken was founded in 2011 and is the largest Bitcoin exchange regarding total volume and liquidity; it is also an associate of the first-ever cryptocurrency bank. With Kraken, it is possible to buy and sell bitcoin and trade them with fiat currencies such as US Dollars, British Pounds, Canadian Dollars and the Japanese Yen.

Kraken Pro provides individual investors with real-time trading and charting tools. Kraken is the best choice for professionals since it offers margin trading and other pro trading options.

Bitsquare

Bisq - BitSquare

Rating:

Website:bisq.network
CEO:Manfred Karrer
Headquarters:Barcelona, Catalonia, Spain
Founders:Manfred Karrer
Founded:2014
Customer service:Knowledge Base

Bitsquare is a peer to peer exchange that allows users to buy and sell bitcoins and exchange them for other altcoins and fiat currencies. If you value your security as a trader, then Bitsquare is the perfect bitcoin trading platform especially if you love remaining anonymous.

Pros

  • Respectable reputation
  • Supported globally
  • No registration required
  • Privacy
  • Perfect for advanced traders

Cons

  • Few payment methods
  • Not suitable for beginners

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Bitsquare is a peer to peer exchange that allows users to buy and sell bitcoins and exchange them for other altcoins and fiat currencies. Bitsquare is a decentralized exchange platform that can be accessed instantly and does not require any registration.

Bitsquare also doesn’t hold either customer’s funds or trader’s personal information. This exchange platform is highly secure and has an arbitrator system in case of trade disputes. If you value your security as a trader, then Bitsquare is the perfect bitcoin trading platform especially if you love remaining anonymous.

Binance

Binance Logo

Rating:
Website:binance.com
CEO:Changpeng Zhao
Headquarters:Malta, European Union
Founders:Changpeng Zhao, Yi He
Founded:2017
Customer service:Knowledge Base

The Binance exchange is one of the best exchanges for experienced traders who are looking for a premier cryptocurrency marketplace to perform real-time trades. With over 166+ cryptocurrencies available, both beginners and advanced traders have a myriad of options available to them within one powerful trading platform.

Pros

  • Trustworthy management
  • High volume exchange
  • Low fees
  • A large number of cryptocurrency pairs
  • Global support

Cons

  • Few payment options

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

The Binance exchange is one of the best exchanges for experienced traders who want a premier cryptocurrency marketplace to view real-time prices. The platform has options for both beginners and advanced traders. With over 166+ cryptocurrencies available, traders have a myriad of options for performing real-time trades. The Trust Wallet is owned by Binance, which also provides users with an iOS or Android app to enjoy the platform anywhere.

For traders who specifically want to conduct crypto-to-crypto trading, the best available choice is Binance. The platform is extremely popular mainly due to its low trading fees. Although it is relatively new, it is growing rapidly and has a wide selection of altcoins.

On the Binance platform, trades have a general 0.1% trading fee.

Poloniex

Poloniex Logo

Rating:

Website:poloniex.com
CEO:Tristan D’Agosta
Headquarters:Wilmington, Delaware
Founders:Tristan D’Agosta, Dominick Petrovski
Founded:2014
Customer service:Knowledge Base

Poloniex is ideal for those seeking a cryptocurrency trading platform with a large array of technical analysis tools.

Pros

  • Hundreds of trading pairs
  • Multifunctional user interface
  • Wealth of trading and analysis tools

Cons

  • Can be complicated for beginners

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Poloniex is ideal for those seeking a cryptocurrency trading platform with a large array of technical analysis tools. They offer a secure trading environment that provides advanced charts and data analysis tools for its customers. Those familiar with ForEx and stock trading will feel at home with the tools Poloniex offers. The margin trading feature gives traders the ability to set buy, sell and stop market limit orders. For those who want to view market prices, charts and buy cryptocurrency instantly on the go, Poloniex has both an iPhone and Android app.

With over 100+ trading pairs, investors can trade among any cryptocurrency of their choosing. In order to encourage robust liquidity and tighter spreads, Poloniex employs a volume-tiered, maker-taker fee schedule. In order to provide the utmost security, Poloniex has a strict verification process for new users and tiered verification for those who want to increase their limits.

Bitstamp

Bitstamp Logo

Rating:

Website:bitstamp.net
CEO:Nejc Kodrič
Headquarters:London, United Kingdom; Luxembourg
Founders:Nejc Kodrič, Damijan Merlak
Founded:2011
Customer service:Knowledge Base

Bitstamp is a bitcoin marketplace based in the European Union and has been around since 2011. Bitstamp offers clients 24/7 support and a multilanguage interface that can be used by everyone around the world.

Pros

  • Supported globally
  • High-level security
  • Affordable transaction fees
  • Reliable customer support

Cons

  • Few payment methods
  • High deposit fees

ReputationFeesPrivacyLimits
GreatLowHighHigh

Bitstamp is a Bitcoin marketplace based in the European Union and has been around since 2011. Bitstamp is one of the pioneers of Bitcoin exchanges and comprises a vast loyal customer following. Bitstamp is the most trusted and popular Bitcoin exchange platform mostly due to its reliability and safety. It guarantees its customer’s maximum security by using a two-step authentication system and other features such as multi-signature technology for customer’s wallets and also insured cold storage.

Bitstamp also offers clients 24/7 support and a multilanguage interface that can be used by everyone around the world. Setting up an account is relatively easy and free, and after making your first deposit, you can start trading immediately.

Changelly

Changelly Exchange Logo

Rating:

Website:changelly.com
CEO:Eric Benz
Headquarters:Malta, European Union
Founders:Konstantin Gladych, Ilya Bere
Founded:2015
Customer service:Knowledge Base
More information:Read Review

Changelly is an instant cryptocurrency exchange which supplies the best live rates on the market for every pair. The interface is colorful and simple to manage, and transactions are performed instantly.

Pros

  • Fast
  • Private
  • Low fees
  • High exchange limits
  • 24/7 live chat support

Cons

  • Limited payment methods

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Changelly is an instant cryptocurrency exchange which supplies the best live rates on the market for every pair. The interface is colorful and simple to manage, and transactions are performed instantly. The Changelly robot is integrated from the trading platforms of Poloniex and Bittrex. Since the platform is purely a cryptocurrency exchange, in order to complete a transaction on Changelly, you will need to provide both a sender and recipient address. Changelly is a great option next to Shapeshift as a seamless cryptocurrency exchange.

Changelly charges a low commission fee of 0.5% and offers the best available rate at the moment the transaction is completed.

Coinmama

Coinmama Logo

Rating

Website:coinmama.com
CEO:Asaph Schulman
Headquarters:Bratislava, Slovakia
Founders:Asaph Schulman, Nimrod Gruber, Martin Koelbaek, Guy Ben-Yossef, Yaki Oliel
Founded:2013
Customer service:Knowledge Base
More information:Read Review

Coinmama specializes in selling Bitcoin and Ethereum for Visa and MasterCard credit card and debit card purchases and is one of the most popular exchanges in the world.

Pros

  • Available worldwide
  • High purchasing limits
  • Dependable and trustworthy
  • Excellent leadership and customer support
  • Fast and secure transactions

Cons

  • High fees when purchasing with a credit card or debit card
  • Delay in processing time

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Coinmama specializes in selling Bitcoin and Ethereum for Visa and MasterCard credit card and debit card purchases and is one of the most popular exchanges in the world. The platform is supported in over 180+ countries and operates in most U.S. States (see restrictions here). Getting started with verification on Coinmama only takes between 5 and 15 minutes, and is a terrific way for beginners to buy Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash or Cardano quickly and securely. They also have a fast and responsive customer support team.

Credit card and debit card transactions incur a 5% processing fee added on after choosing a method of payment. SEPA bank transfers have a 0% fee.

CEX IO

CEX IO Bitcoin Exchange Platform

Rating:

Website:cex.io
CEO:Oleksandr Lutskevych
Headquarters:London, United Kingdom
Founders:Oleksandr Lutskevych, Dmytro Kalynovskyi, Victoria Polyakova, Peter Ivanov
Founded:2013
Customer service:Knowledge Base
More information:Read Review

CEX.IO is a multifunctional cryptocurrency exchange that is trusted by millions of users worldwide and allows users to buy bitcoin with a credit card seamlessly. CEX.IO boasts multiple payment options, 24/7 customer support, and proven platform stability. 

Pros

  • Established and trustworthy
  • Supported worldwide
  • Low fees (2.99%)
  • Simple credit card purchases
  • Clean user interface

Cons

  • Verification procedure requires private information
  • Lengthy verification time

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

The exchange is simple to get started on and boasts an easy to navigate user interface. CEX.IO boasts multiple payment options, 24/7 customer support, and proven platform stability. There is also a mobile trading app for the CEX.IO exchange platform which is available on both iOS and Android.

The platform charges between a 0% to 0.25% fee on each transaction (fee schedule), while credit card purchases incur a 2.99% commission.

Best Bitcoin Stock Exchange

Coinbase Pro Logo

We recommend Coinbase Pro as the top bitcoin stock exchange for high volume traders and margin traders of cryptocurrency. The platform has a highly liquid marketplace, intuitive interface and a wide variety of tools, charts, and graphs for traders.

Overall, Coinbase is a trustworthy exchange that is backed by a number of institutional investors and venture capital firms.

How To Buy Bitcoin Stock On Coinbase Pro

Step 1: Create an account and verify your identity. Existing users of Coinbase will be able to migrate their existing account details.

Step 2: From the Coinbase Pro trading dashboard you can view a real-time price chart, check your wallet balance, see all available trading pairs and utilize an order book where you can place buy/sell market limit and stop orders.

Coinbase Pro Trading Dashboard
A trader’s view of the Coinbase Pro trading dashboard

Step 3: When the price moves past or away from the price of the buy/sell order you placed, the order will execute.

Step 4: You can place multiple orders at the same time at varying amounts and order types.

Who is Coinbase Pro For?

Coinbase Pro is designed specifically for individual traders. The trading platform is only available for traders in a limited number of countries.

How To Purchase Bitcoin Stock

The above list is non-conclusive, and there are other trading platforms available that have been reviewed in depth by other sites such as HitBTC and CampBx. With up to more than 60 trading platforms, there is a vast selection to choose from, however, a wise trader should do his/her homework before commencing a trade and weigh various features such as fees, trading features, liquidity, etc, to enjoy the full perks of trading bitcoin stock.

P.S. If you want to sit back, relax and learn more about Bitcoin and other cryptocurrencies then have a look at our comprehensive bitcoin documentary guide.