In the evolving landscape of digital finance, Bitcoin-only exchanges have emerged as a focused and secure way for individuals to buy, sell, and manage Bitcoin. These platforms specialize exclusively in Bitcoin transactions, eliminating the noise and risks associated with thousands of alternative cryptocurrencies. Whether you're a beginner looking to start your Bitcoin journey or a seasoned holder aiming to streamline your strategy, choosing the right exchange is crucial.
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What Are Bitcoin-Only Exchanges?
Bitcoin-only exchanges are financial platforms that allow users to trade fiat currencies or stablecoins directly for Bitcoin—and nothing else. Unlike full-service crypto exchanges that offer dozens or even hundreds of tokens, these platforms emphasize simplicity, security, and alignment with Bitcoin’s core principles: decentralization, scarcity, and financial sovereignty.
To get started, users typically sign up with minimal personal information and link a bank account or payment method. Once funded, they can begin purchasing Bitcoin immediately. For those new to the space, understanding how Bitcoin works and why self-custody matters is essential before making any investment.
Why Choose a Bitcoin-Only Exchange?
As awareness grows about Bitcoin’s role as sound money, many investors are turning away from the speculative chaos of the broader crypto market. Bitcoin-only exchanges cater to this mindset by offering a clean, focused environment free from altcoin distractions and the risks associated with lesser-known digital assets.
These platforms often prioritize privacy, security, and user control—values deeply embedded in the Bitcoin community. By avoiding rehypothecation (the practice of reusing customer assets), maintaining proof of reserves, and supporting non-custodial setups, they provide a more trustworthy alternative to centralized exchanges.
👉 Learn how to protect your investments with secure, non-custodial trading options.
Top Bitcoin-Only Exchanges in 2025
Amber
Amber offers automated Bitcoin investment strategies based on real-time market signals—like buying when prominent figures such as Michael Saylor make purchases. The platform supports both basic and premium accounts, with premium users enjoying zero transaction fees. All Bitcoin is stored in cold storage using a multi-signature setup managed jointly with Unchained Capital, ensuring high security for custodial wallets.
Bisq
Bisq is a decentralized peer-to-peer exchange that operates without central servers or corporate oversight. As open-source software, it enables private trading directly between users using fiat or other cryptocurrencies. No personal data or bank account linking is required, making Bisq ideal for privacy-conscious users who value full control over their funds.
Coinbits
Based in the U.S., Coinbits allows users to round up everyday purchases and invest the spare change into Bitcoin automatically. With no fees and tight spreads, it supports ACH transfers, wire deposits, and peer-to-peer funding. Users can set up recurring buys or one-time purchases and even connect their own cold wallets for enhanced sovereignty.
As the oldest Bitcoin-only exchange in the country, Coinbits combines ease of use with strong security practices—perfect for both casual savers and serious investors.
Bull Bitcoin
Established in 2013, Bull Bitcoin is one of the longest-running Bitcoin-only exchanges. Its straightforward interface displays all key information upfront, and it even allows users to pay bills with Bitcoin. Transaction fees range from 0.5% to 1.25%, depending on volume, with lower rates for smaller amounts.
Known for excellent customer support, Bull Bitcoin continues to serve Canadian users effectively while expanding its reach globally.
Cash App
While not a traditional exchange, Cash App functions as a peer-to-peer payment system that lets users buy and sell Bitcoin easily. It also supports stock trading but keeps Bitcoin transactions separate and simple. Users can transfer Bitcoin to external wallets, though daily withdrawal limits apply (up to $2,000 per day or $5,000 weekly).
Fees are dynamic, based on market volatility and trading volume, and are clearly displayed at checkout.
CoinCorner
Headquartered on the Isle of Man, CoinCorner serves over 2 million users across 45+ countries. It supports EUR and GBP deposits and withdrawals, with free transfers within Europe and a £25 fee elsewhere. Trading fees are fixed based on transaction size, and there are no costs for moving Bitcoin on or off the platform.
Hodl Hodl
This non-custodial peer-to-peer exchange requires no KYC or AML checks. Hodl Hodl supports nearly all fiat currencies and various payment methods—including cash in person and bank transfers. Trades are secured via multisig escrow contracts, ensuring both parties fulfill their obligations before funds are released.
Relai
Based in Switzerland, Relai is Europe’s most accessible Bitcoin investment app. It enables instant purchases via SEPA integration and supports recurring savings plans starting at just 10 EUR per month. With no registration or strict KYC requirements, Relai offers a frictionless experience ideal for beginners.
River
A U.S.-based custodial exchange, River focuses on education and security. It charges a starting fee of 1.20% on one-time buys but waives fees for recurring purchases. All Bitcoin is stored offline in cold storage, and River also offers access to Bitcoin mining products.
Robosats
Robosats is a privacy-first peer-to-peer exchange built on the Lightning Network and accessible only through the TOR browser. It uses pseudonymous avatars instead of personal data and requires no KYC. Users can swap on-chain Bitcoin for Lightning liquidity easily, making it great for new adopters who value anonymity.
Strike
Strike leverages Bitcoin’s Lightning Network to enable instant global payments with no fees. Beyond sending money, users can buy and sell Bitcoin directly within the app. Its integration with point-of-sale systems makes it practical for everyday use.
Swan
Swan competes directly with River in the U.S. market but offers lower fees—just 0.99% per transaction. Like River, it supports recurring buys and provides educational resources. Its USD/BTC conversion rate is highly competitive, making it attractive for dollar-cost averaging (DCA) investors.
Unchained Capital
Unchained Capital offers advanced financial tools for serious Bitcoin holders, including Bitcoin IRAs, inheritance planning, and advisory services. It uses robust multi-signature and cold storage solutions to safeguard assets, appealing to long-term investors focused on estate planning and wealth preservation.
Bitonic
Founded in 2012 in the Netherlands, Bitonic offers an all-inclusive price for direct Bitcoin purchases into your personal wallet. Its DCA service “Bits” automates regular investments, while its exchange BL3P charges a flat 0.25% trading fee and supports Lightning deposits and withdrawals.
Frequently Asked Questions
What defines a Bitcoin-only exchange?
A Bitcoin-only exchange specializes exclusively in buying, selling, and storing Bitcoin. It does not list altcoins or tokens, focusing instead on security, simplicity, and alignment with core Bitcoin values.
Are Bitcoin-only exchanges safer than full crypto exchanges?
Generally yes—especially decentralized or non-custodial platforms. Since they don’t handle multiple assets or engage in risky lending practices, they reduce exposure to systemic failures like those seen with FTX or Celsius.
Do I need to provide ID to use these exchanges?
It depends. Custodial platforms like Swan or River may require KYC compliance, while non-custodial options like Bisq or Robosats allow anonymous usage.
Can I automate my Bitcoin purchases?
Yes—many platforms including Coinbits, Relai, Swan, and Bitonic offer automated recurring buys (DCA), helping users build long-term holdings without emotional decision-making.
Is self-custody recommended after buying Bitcoin?
Absolutely. Even trusted exchanges can be compromised. Transferring your Bitcoin to a private hardware wallet ensures full control and protection against third-party risks.
Which exchange has the lowest fees?
Swan (0.99%) and Bitonic (0.25%) offer some of the lowest trading fees. However, always check additional costs like withdrawal or deposit fees before committing.
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Final Thoughts
The rise of Bitcoin-only exchanges reflects a maturing market where users increasingly prioritize focus, security, and sovereignty over convenience and speculation. From automated savings apps like Coinbits to privacy-centric platforms like Robosats, there's a solution tailored to every type of investor.
As history has shown—especially during the 2022 exchange collapses—keeping your Bitcoin off centralized platforms is one of the best risk mitigation strategies available. Whether you choose a custodial service for ease or a decentralized option for control, always aim to move your coins to self-custody as soon as possible.
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