Cryptocurrency brokers with leverage
If you want to buy bitcoin with a debit card online, you will need to use a cryptocurrency or bitcoin broker.
Top forex bonus list
Bitcoin brokers: top 5 cryptocurrency brokers 2020
If you want to buy bitcoin with a debit card online, you will need to use a cryptocurrency or bitcoin broker. The process is super-easy, and merely requires 10 minutes of your time. Simply open your bitcoin account with your chosen bitcoin broker, deposit funds, and that’s it.
With that said, knowing which cryptocurrency broker to sign up with is no easy feat, as there are now hundreds to choose from. In this article, we explore the best five brokers to buy bitcoin in 2020. We explain key metrics such as the broker’s regulatory status, supported payment methods, tradable coins, and minimum deposit.
On this page:
Our recommended bitcoin broker for 2020
If you don’t have time to read through our top five picks, we would suggest opting for etoro. The regulated platform allows you to buy bitcoin with paypal and other methods, such as a debit/credit card, paypal, skrill, or a local bank transfer. Fees are also competitive, as the broker does not charge any trading commissions.
Etoro : best bitcoin broker for 2020
- Cysec, FCA and ASIC regulated
- Paypal accepted
- Buy 15+ coins outright or trade crypto cfds
- US-friendly
Top 5 cryptocurrency brokers 2020
So now that you know what to look out for when choosing a bitcoin broker, you’ll be sure to find a platform that best meets your long-term investing goals. However, if you don’t have time to perform your own research, why not consider the merits of the recommended brokers listed below? Each broker meets our strict set of requirements, such as holding at least one tier-one regulatory license, low fees and commissions, high trading volumes, and heaps of everyday payment methods.
1. Etoro - best overall bitcoin broker
Our top-rated bitcoin broker is etoro. First and foremost, the platform is ideal if you're buying cryptocurrencies for the very first time. This is because the broker is easy to use, and it takes minutes to open an account. Moreover, the platform supports heaps of everyday payment methods - such as a debit card, credit card, bank transfer, paypal, skrill, and neteller. If you check out our etoro review you'll see it is also strong in the fee department. For example, you won't need to pay any trading commissions, so it's just the spread that you need to look out for. You can also deposit funds for free, although withdrawals come at a small cost of $5 per transaction. On top of bitcoin, etoro supports lots of other cryptocurrencies.
This covers both fiat-to-crypto (like BTC/USD) and crypto-to-crypto (like BTC/ETH) pairs. We also list etoro as our number one cryptocurrency broker because of its copy trading feature.
This allows you to mirror the trades of other users, proportionate to the amount that you wish to invest. Most importantly, etoro is heavily regulated. This includes licenses with the FCA, ASIC, and cysec. This ensures that your money is held in segregated bank accounts.
Regulation: ASIC, FCA, cysec
Special features: copy trading feature allows you to copy the trades of other investors
Demo account: yes
Educational material: lots of educational guides for newbie traders
Fees: no trading commissions, average spreads
Minimum deposit: $200
Volume: high trading volumes
Deposit and withdrawal conditions: minimum withdrawal of $50
Payment methods: credit/debit card, paypal, sofort, rapid transfer, skrill, wire transfer, neteller, webmoney, unionpay
Top cryptocurrency brokers for 2021
We found 11 online brokers that are appropriate for trading cryptocurrency.
Best cryptocurrency brokers guide
Are you interested in investing in cryptocurrency?
If the answer to this is a yes, then you will need to find the right cryptocurrencies brokers whocan accommodate you with the best facilities to trade on the cryptocurrency markets.
Before proceeding, lets cover the real definition of cryptocurrency.
Defining cryptocurrencies
In short, cryptocurrencies are digital or virtual currencies.
These currencies are reliant on cryptography to ensure the security and verification of each digital transaction.
Cryptography can control the number of units and prevent the change of code of the cryptocurrency unless some conditions are met.
The important characteristics of the cryptocurrencies
For some people, cryptocurrencies are the savior of the economy. This is because these can give the perks that not all banks or other financial institutions can provide.
Here are the unique characteristics of the cryptocurrencies which you cannot find in the conventional means of transactions.
No third party involved
There will not be third parties like financial institutions, governments, or any other third party organizations which govern the transactions between you and your recipients, and vice versa.
There is no third party that will intervene in your transaction. And it is a win-win solution with the P2P or peer to peer network. You can send cryptocurrencies through the P2P network and the other users will also be able to do the same for you.
Cryptocurrencies have more transparency
The problem with the conventional transactions is that one can ask for a refund and this will procure such unfortunate things to only one party.
As an example if your buyer has sent you a payment and you have delivered the goods but before the goods reach their destination, your buyer reverses the transaction your result could be that you will not receive the money you are owed and your buyer may have lead you.
You can avoid this issue with the cryptocurrencies transactions as these transactions are irreversible.
Not a single party can alter your transactions and this is why it can offer you more transparent transactions than the conventional fiat currencies.
Decentralized
There is no centralized place to transact at all so you can eliminate the high rates of fees when transferring money.
The cryptocurrency is maintained through the ledger technology called the blockchain. The blockchain prevents all other entities from tarnishing the data. Not a single person can alter the system so that your transactions will be safe and sound. We will discuss blockchain next.
Blockchain definition
Blockchain is bitcoin technology comes in the list of recorded data blocks, which are gathered by cryptography.
The recorded data in the blockchain is referred to as ledger. When there is a new data exchange, usually a transaction, a new block is added to the ledger or the blockchain.
In summary, the blockchain or ledger contains important information.
Cryptocurrency brokers
The era of virtual coin is upon us and is paving a golden path for traders. When trading cryptocurrency it is important to trade through reputable cryptocurrency brokers.
We list some notable cryptocurrency brokers below:
Etoro - being one of the top-rated cryptocurrency brokers it offers several currencies including ethereum, ripple, bitcoin and dash.
XTB - XTB too has a good name among traders and offers a wide range of such virtual currencies including litcoin, ethereum and bitcoin. It is placed as one of the top 5 cryptocurrency brokers in the industry.
Plus500 - it offers crypto throughout the day and night with good leverage for the most popular currencies like litecoin, ripple, neo, ethereum and bitcoin.
What is cryptocurrency?
Cryptocurrency is a virtual coin and is traded on cryptocurrency exchanges through cryptocurrency brokers.
Lately, cryptocurrency has continued to gain popularity. This has opened up lots of new trading tools and ways to trade including contracts for difference (CFD). They earn from the difference between the cost of an asset at the present time and what value it could become in the future.
Cryptocurrency wallets
Similar to other wallets this too facilitates storing, sending and receiving the currency. We explain the three types of cryptocurrency wallet below:
The hardware wallet
The hardware wallet is the most secure crypto wallet as all the data is stored offline. A few of the good examples are trezor, keepkey and ledger nano S.
The paper wallet
A paper cryptocurrency wallet is popular and it is secure. However, it is not as convenient as the hardware wallet.
The software wallet
The software wallet is the most conveniant among the three and can be managed from a desktop or mobile phone device. Some of the cryptocurrency wallets of note are exodus, jaxx and electrum.
Cryptocurrency exchanges
A cryptocurrency exchange is a place where buyers and sellers meet for the purpose of buying, selling or trading the virtual coins with the help of couple of cryptocurrency brokers.
Binance exchange is the most famous cryptocurrency exchange in the world and it offers crypto to crypto trading.
Combase is popular too and it offers trading on 100s and 1,000s of virtual currencies like litecoin, ethereum classic and bitcoin.
Localbitcoins, on the other hand, offers over-the- counter trading of virtual coins. Traders can post a currency for sale on its websites mentioning the rate and payment methods.
ICO and token
Abbreviated for initial coin offering the ICO is a kind of fundraising for a start-up. It is done by selling underlying tokens against ethereum or bitcoin.
ICO is similar to IPO in which traders buy company shares. Investors take an entry at early stage of the project and so are capable of making a profit with the success of the company.
However, one basic difference between the two is that any person from any place in the world can take part in the ICO.
Token meanwhile is a kind of cryptocurrency too but represents a specific asset. It is sometimes used as loyalty points that can be redeemed against discounts. It can also represent something uncommon like one token is 5 bitcoins.
The cryptocurrency mining
Just a little different with the fiat currencies, the cryptocurrencies are usually mined by miners. So, there is a phrase to describe the activity as the cryptocurrency mining.
To define it, it is a process in which the miners use powerful resources, in this case computers and adequate hardware to solve mathematical problems. These complicated problems need to be solved in order to attain the rewards.
To make it more challenging, these mathematical problems have cryptographic hash functions which are linked to the block which contains the information of the transaction.
These mathematical problems are tempted to solve with multiple miners.
So, when figuring out solutions for the problems, miners are competing with other cryptocurrency miners. It is about winning and losing. The winners will get small amounts of cryptocurrency.
The reward comes from the transaction fees the users pay. At least that is how major cryptocurrencies conduct and the other factor which also gives the rewards to the miner is the release of new cryptocurrency.
Cryptocurrency wallet
The cryptocurrency wallet is a digital wallet which the users use to deposit, store, hold, send, and receive digital currency or cryptocurrency.
Do not mistake it with concepts like paypal, payza, or various other digital currency systems. The crypto wallets do not serve as the storage of the cryptocurrency. The wallets only store the information in the form of public and private keys.
Meanwhile, the crypto itself is inside the blockchain. The users do not necessarily store their cryptocurrencies in their wallet. In summary, the cryptocurrencies wallet stores the important information which you can use to access your crypto assets.
Cryptocurrency exchange
When you have the cryptocurrencies assets, you may want to sell it to other users or, you could want to trade the cryptocurrencies. Here is where you will need to use a cryptocurrency exchange.
The cryptocurrency exchange is a platform which allows the users to buy, sell, or trade the cryptocurrencies.
Some exchanges only provide crypto-to-crypto trades, but some also allow the crossover currencies so that you can trade from crypto to fiat or fiat to crypto.
There are many cryptocurrencies exchanges that you can find on the internet. Some of them offer the trades for common cryptos such as BTC, ETH, BNB, USDT, and so on. But some also offer more wider array of currencies exchange.
Cryptocurrency brokers verdict
In current times, it is not exaggerating to say that cryptocurrency is the most volatile asset class that you can find.
It is due to the fact that it comes with the high speculative market not to mention that it currently disrupts the conventional economy so that many established players don�t see it to have inherent value.
Therefore, it is still safe to use the cryptocurrencies but in addition to fiat currencies.
We've collected thousands of datapoints and written a guide to help you find the best cryptocurrency brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best cryptocurrency brokers below. You can go straight to the broker list here.
Reputable cryptocurrency brokers checklist
There are a number of important factors to consider when picking an online cryptocurrency trading brokerage.
- Check your cryptocurrency broker has a history of at least 2 years.
- Check your cryptocurrency broker has a reasonable sized customer support of at least 15.
- Does the cryptocurrency broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your cryptocurrency broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your cryptocurrency broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your cryptocurrency can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering cryptocurrency brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below cryptocurrency brokers.
- What you are able to trade with each brokerage.
- Trading platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers micro, standard, VIP and islamic accounts.
Top 15 cryptocurrency brokers of 2021 compared
Here are the top cryptocurrency brokers.
Compare cryptocurrency brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are cryptocurrency brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more cryptocurrency brokers that accept cryptocurrency clients
Best cryptocurrency brokers for 2021
Daniel ‘harris’ major
I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.
Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.
Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.
After trying out most brokers, here are the best cryptocurrency brokers:
Best cryptocurrency brokers (non-US traders only)
Plus500 – top rated trading platform
Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.
Buy/sell cfds on bitcoin in addition to buying stocks, commodities, forex etc (traded only through cfds). Plus500 is the most complete trading platform.
- Trade cfds on bitcoin & many other cryptos
- Minimum deposit is only $100
- Regulated and trusted platform
- Very fast signup process
- Live chat
- Many payment methods (even paypal)
- You cannot withdraw any cryptocurrency
- You have to complete a questionnaire, upon sign up
Plus500 disclaimer: 76.4% of retail CFD accounts lose money.
IQ option – lowest minimum deposit ($10)
If you don’t want to make a huge initial investment, then IQ option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.
- You can trade many cryptocurrencies
- Minimum deposit is only $10
- Best trading platform
- Multiple account currencies
- Free demo account
- Regulated by CYSEC (#247/14)
Etoro – top crypto broker
Etoro is a really popular trading site. They have been around since 2006. Etoro is regulated by CYSEC, FCA and ASIC.
Buy/sell bitcoin on etoro in addition to buying stocks, commodities, forex etc. Etoro is the most complete trading platform.
- Trade bitcoin & many other cryptos
- Minimum deposit is $200
- Regulated and trusted platform
- Australian traders are also accepted
- Great support team
- Many payment methods (even paypal)
- You cannot withdraw any cryptocurrency
- You have to complete a questionnaire, upon sign up
Etoro disclaimer: 71% of retail CFD accounts lose money.
Highlow – best all-round crypto broker
Due to regulation highlow stopped accepting traders from the EU and UK.
Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.
I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.
I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).
I have also tried the ios app and the android app. They are great, but I just don’t like trading on smartphones in general.
The payouts on highlow are amazing (up to 200%, which is more than on other brokers).
Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.
- Trade bitcoin & other cryptos
- Minimum deposit is only $50
- Regulated and trusted platform
- Fastest signup process (no questionnaires)
- Multiple account currencies
- Free demo account (no registration needed)
Nadex – US traders welcome
Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.
Only US traders are allowed on nadex. Non-US traders check out the next broker.
Update OCTOBER 2019: looks like nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on nadex now and get updated when they add it.
Recently, nadex started offering bitcoin trading.
- Trade bitcoin, forex or binary options
- Minimum deposit is $250
- CFTC regulated broker
- Great support team
- Many payment methods (even paypal)
Crypto brokers with most cryptocurrencies
Here are the most popular cryptocurrencies offered by cryptocurrency brokers:
- Etoro – bitcoin, ethereum, litecoin, dash, ethereum classic, NEO and ripple.
- Plus500 – bitcoin, ethereum, litecoin, bitcoin cash, ripple, IOTA.
- Avatrade – bitcoin, ethereum, ethereum classic, ripple, dash, bitcoin cash litecoin, monero and NEO.
Lowest minimum deposit brokers
These are the best brokers with low minimum deposit requirements:
- Etoro – $200
- Plus500 – $100
- Avatrade – $100
This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.
We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.
Top rated brokers that have cryptocurrencies
While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?
Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.
Etoro disclaimer: 71% of retail CFD accounts lose money.
You still can’t decide which broker is best for you?
How to choose your cryptocurrency broker
Is leverage really necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.
Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.
Negative balance protection: it is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.
How suitable is the required capital for you? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.
Narrow spreads for the win: let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.
A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.
Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.
Which cryptocurrencies are you interested in trading?
Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.
If your choice is a prominent cryptocurrency like bitcoin (official site), litecoin (official site), or ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like monero, IOTA, or zcash may be a little harder to come by.
So study the cryptocurrencies being offered by a broker before you sign up for an account.
Pros and cons of cryptocurrency brokers
Here are some features that these broker have or don’t:
pros
- Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading
- If you are less tech-savvy then a broker is safer for you
- You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method
- Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)
Cryptocurrency brokers – what to look for
Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.
1. What are the weekend hours like?
This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.
There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.
But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.
2. How is it hedging?
Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.
Why is it so important for you to know?
Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.
More great features you could be interested in
Commissions and trading on margin – an important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.
Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or cfds. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.
Authenticity of market data – aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.
One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.
But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto cfds.
Are short sales available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.
As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.
And a lot of that is down to which broker you decide to trade with.
Ready to start trading?
Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.
These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.
Sign up now and see for yourself how easy it is to get started.
Crypto leverage trading in the USA – best exchanges
One of the best ways cryptocurrency traders make money is through margin trading, where they can increase the value of their trading account. But, where can you margin trade bitcoin and other cryptocurrencies as a citizen of the united states? In this article, we will talk about crypto leverage trading USA.
Crypto leverage trading exchanges for USA traders
As with most other things, a few cryptocurrency exchanges offer margin trading. As such, you should do your research if you’re looking to earn some money in the crypto market. For US traders, this gets even more frustrating. While the whole world is allowed to trade cryptocurrencies with leverage, inhabitants of the USA are not.
There are a few services, but a significant number of them bar US citizens from benefiting from leverage trading. Are there no cryptocurrency exchanges allowing US traders to trade with margins?
First off, we’ll dive deeper into the regulation of margin trading in america. In a nutshell, the whole thing has to do with the strict legislation surrounding derivatives trading in the US. Today, cryptocurrencies remain somewhat of a controversial subject.
For starters, USA regulatory agencies are yet to agree on how best to categorize cryptos. Since 2015, the commodity futures trading commission (CFTC) has classified cryptocurrencies as a kind of commodity. As such, it doesn’t seem like a good idea for the national futures association (NFA) to accept crypto trading, which regulates futures trading on broker platforms in the US. Why? Because cryptocurrencies don’t belong to any particular group of financial products, which are permitted and regulated by these bodies.
In any case, cryptocurrency brokers are not licensed by these institutions. Hence, they can’t legally offer leverage trading to US traders. But wait, there’s more. Cryptocurrency brokerage firms are still permitted to operate in the USA, only as exchange platforms. They allow trading at a smaller leverage of up to 5:1, depending on the currency pair, which seems feasible. This tends to be the case for crypto leverage trading USA brokers.
List of brokers with crypto leverage trading for US traders
In the end, american traders have a limited number of exchanges to perform cryptocurrency leverage trading on. With that in mind, the list of crypto leverage trading USA platforms available comes down to four exchanges. Each of these exchanges has a reported BTC/USD 24hr trading volume. Moreover, these volumes span from as low as 0.01 BTC to 3000 BTC.
They include:
- Cobinhood
- Bitflyer
- Kraken
- CEX.IO
Other brokers who offer leverage trading, such as liquid (which was formerly quoinex) are not yet available to US traders. If this were to change in the near future, it could be a game-changer. This would be due to incredibly cheap account funding rates, and zero trading fees charged on fiat to crypto trading.
For the remainder of this article, we’ll dive deeper into the crypto leverage trading at cobinhood, bitflyer, kraken, and CEX.IO. Let’s get started.
1. Cobinhood
Cobinhood has its headquarter in taipei, taiwan, and has gained quite a lot of respect in the cryptocurrency world. This next-generation cryptocurrency trading platform also allows american traders to trade crypto with leverage. First off, cobinhood does not charge traders for trading on the platform, unlike other exchanges. You won’t pay fees for margin trading with as much as 3x leverage.
To get started on cobinhood, you’ll need to sign up with your email address. Next, you’ll be required to submit necessary documents for KYC verification. The verification process only takes less than 72 hours. Once you have a verified account, or rather a level three cobinhood account, you can deposit funds into your account and begin trading.
When it comes to withdrawal, your account might be limited to a set amount of funds because of your verification level. For level one, your withdrawal limit is 3 BTC. Level two and three both have withdrawal limits of 100 BTC, but the latter can also use fiat-crypto services. Cobinhood exchange has a mobile app for both android and ios, which traders can use to margin trade on the go. The leverage is 3x for the four cryptocurrencies that are available for margin trading, namely ETH, BTC, USDT, and COB (cobinhood coin).
2. Bitflyer
Since 2014, bitflyer has grown to become one of the largest exchanges in the world. Based in japan, the platform provides three trading pairs, namely; USD, EUR, and JPY. The direct market allows traders to buy and sell ETH, BTC, BCH, LTC, LSK, and MONA.
To create an account, you’ll need either your email address or facebook account. Once you’ve created the account, you enter the economy class. However, once they verify your information using your phone number, bank account, and personal information, your account gets upgraded.
With regard to margin trading, the rate is set at 100% for 1x leverage. But, for a 15x leverage, the margin rate is set as 6.67%. To trade with margins, bitflyer provides traders with several apis, and a mobile app, which is available for download by US-based traders.
3. Kraken
Kraken has been at the top of the list of every crypto leverage trader in the USA. Not only does it offer up to 5-times leverage, but also a decent amount of liquidity. Its headquarters are located in san francisco, USA, which is enough to ensure margin traders of the overall trustworthiness of the broker. In comparison, many other exchanges are based on tax and regulation havens, which can leave you at a disadvantage.
The registration process is simple, where one can use their email address to open an account and get started with KYC verification. This process should take around seven days to complete. When it comes to funding your crypto leverage trading USA account, kraken allows american traders to deposit funds directly via bank accounts. However, you can’t make a deposit using credit cards.
This cryptocurrency exchange is the largest in terms of EUR volumes. Hence, as soon as the account details have been verified, the trader can begin to deal with multiple fiat currencies such as USD, EUR, GBP, CAD, and more, with suitable liquidity.
Furthermore, traders can benefit from the multiple leverage options available. These options vary from one trading pair to another. So, while a BTCUSD or BTCEUR pair has an available margin of 2x, 3x, 4x, and 5x, the ETCUSD or ETCEUR pair only has a leverage option of 2x.
4. CEX.IO
Established in 2013, CEX.IO has its headquarters in the united kingdom but has offices in the USA. It offers traders an opportunity to trade across several platforms, including web-based engines, mobile app, websocket, and REST API. As mentioned, traders can deposit funds into their CEX.IO accounts using their credit cards, in USD.
Before going any further, be aware CEX.IO is not operational in all US states. Namely, these are alabama, alaska, arizona, arkansas, colorado, florida, georgia, idaho, iowa, kansas, louisiana, maryland, michigan, mississippi, nebraska, new hampshire, new jersey, north carolina, north dakota, ohio, oregon, tennessee, texas, vermont, and virginia.
CEX.IO offers traders margins up to 3x, and this is sufficient to make crypto leverage trading in the USA profitable. Experienced traders can use advance CEX.IO trading engine. There, you’ll be able to enjoy all the features necessary to make a decent earning from the market. For instance, traders can use features such as market and limit orders.
You also have access to a mobile app and multiple other apis to use for cross-platform trading. CEX.IO also supplies traders with advanced reporting on margin trading. Moreover, experienced traders can use a range of tools, including order types, technical analysis, and other trading tools.
Conclusion
Cryptocurrency margin trading is suitable for making a living, but they are mostly not available to USA traders. Overall, kraken is the best option for crypto leverage trading USA. Also, CEX.IO offers USA traders an excellent opportunity to margin trade cryptocurrencies. However, be wary of poor trading engine performance during high volume time for kraken, and high fees for CEX.IO. And remember: CEX.IO is only available in 25 states in america, but kraken is available across the country.
Beyond that, CEX.IO is more flexible with deposit options, allowing traders to deposit using credit cards. Kraken, on the other hand, doesn’t support credit card deposits but allows direct bank transfers. Both kraken and CEX.IO offer extra security features that secure traders funds from hackers’ attacks. Also, both firms have headquarters in regulated countries as compared to other exchanges, which are based on tax and regulation havens.
At the beginning of this article, we talked about the reasons why margin trading and leverage exchanges are barred from operating in the USA. While kraken and CEX.IO have found a way to go around these barriers, they are no real substitutes to professional margin brokers such as bitmex or primexbt. In any case, kraken and CEX.IO have the functionality of simple exchanges. There are no advanced orders, and they only offer slight leverage effects on some currency pairs.
With regard to cobinhood, the firm reportedly filed for bankruptcy and is supposedly exiting the market. The situation isn’t that well off for bitflyer either. Bitflyer recently suspended new account openings, before restoring the process.
Cryptocurrency brokers with leverage
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Best crypto trading platform with high leverage
Save money with these brokers:
The most money can be made by trading with leverage, especially if this leverage can flexibly be adjusted. Therefore it makes sense to use a bitcoin margin broker with the highest possible leverage. There is no obligation to use all the leverage available, but it can be a benefit to have some leeway.
Top high leverage bitcoin brokers
From regulated financial brokers (forex, stocks, commodities cfds etc.) you might be used to leverage of up to 1:500 or even 1:1000. With cryptocurrency brokers this is a bit different as for those most volatile markets maximum leverage is less than for the traditional markets.
In this article we take a look at the absolute leaders among bitcoin margin brokers and we will show you where to get the highest leverage possible at the moment.
Surely you’ve heard of bitmex, the world’s leading margin trading broker platform based on bitcoin deposits. However, besides that popular trading site there are now a whole range of similar broker platforms available offering slightly different services, but they are all based roughly on the principle of bitmex.
Those are the 9 best crypto margin trading platforms with high leverage:
Primebit – highest leverage
Leverage: 1:200
coins: BTC, ETH, LTC
This very new broker platform has gained popularity very quickly since its launch in august 2019. The reason why they are already well-known is the fact that they doubled the maximum leverage that had been available on crypto margin brokers before. Another special feature is that the platform works with metatrader5.
This is especially relevant for experienced traders who are used to the popular trading app well-known from regulated brokers providing CFD trading on traditional markets. Primebit is the first platform offering 200x leverage instead of the 100x offered by competitors.
On this platform you can trade perpetual contracts as usual, without expiry dates. So other than with traditional futures contracts you can keep your position open or close or close it whenever you want.
Primebit operates based on a P2P network where contracts are exchanged directly with other traders. The broker processes withdrawals instantly, apparently without any limits.
Binance – world’s no.1 crypto trading platform
Leverage: 1:125
coins: BTC, ETH, ADA, LINK, BNB, TRX, DOT, EOS, LTC, BCH, XRP, ETC (futures contracts)
Binance is the most comprehensive cryptocurrency trading platform in the world. Their product range includes all imaginable services around cryptocurrency exchange, trading and making money with cryptocurrencies like through staking or interest accounts. In contrast to most other platforms binance offers both altcoin exchange AND bitcoin and altcoin margin trading and cryptocurrency futures.
Even when it comes to high leverage futures they have way more trading products than other bitcoin margin brokers as they have futures for a range of altcoin like ADA or link, as you can see in the futures contracts list above. Trading begins with 20x leverage by default but can get enhanced to up to 125x.
Binance altcoin exchange: more than 80 altcoins can be traded here against USDT or BTC. The trading platform also supports fiat money transfers, but in this case you have to verify your account of course. This is always the case when fiat money is accepted.
Although binance has already suffered from hacks, the platform is still strong and popular as ever.
But the hacks hadn’t have an impact on traders’ trust since the broker reimbursed all losses. That’s why the broker is still considered one of the safest crypto trading platforms.
Bitmex – still market leader in bitcoin margin trading
Leverage: 1:100
coins: BTC, ETH, LTC
Bitmex was the first bitcoin margin trading platform for professional day traders as the platform has all kinds of advanced trading possibilities.
Besides 100x leverage the bitcoin mercantile exchange offers all kinds of advanced orders for the highest degree of automated trading settings. So if you want to be able to use settings like “post only”, or even iceberg orders, this trading platform is the right place for you.
Also, bitmex is known for it’s extremely powerful trading engine that doesn’t allow any delays. As the largest bitcoin trading platform with high leverage bitmex is also the most liquid one. So the likelihood for your orders to get executed is the highest on this bitcoin broker platform.
Primexbt
Leverage: 1:100
coins: BTC, ETH, LTC, EOS, XRP
Primexbt is another interesting BTC margin trading broker as their service differs quite a bit from the aforementioned. On this site you can trade 30 different assets, not only the 3 biggest cryptocurrencies.
There are as much as 5 major cryptocurrencies you can trade against the USD or against BTC (both as cfds) alongside more than 20 of the most popular traditional assets such as BRENT, CRUDE, SP500, NASDAQ and more. So day traders are not limited to 3 crypto markets only.
Still, also with this provider, the currency for deposits is BTC only, so the broker also works based on bitcoin pledge. This is why no KYC is needed.
Traders who don’t own BTC yet can get some through a third party provider linked in the primexbt deposit area (changelly). There the cryptocurrency can also be bought with credit card.
The margin broker is around since 2018 and has quite good reputations due to their professionalism, excellent trading engine and reliable processing of withdrawals. Their customer service answers very quickly and has shown to be helpful and dedicated.
Bitseven
Leverage: 1:100
coins: BTC, ETH, LTC, XRP
This platform is the second largest bitcoin margin trading platform when it comes to trading volume after bitmex. Traders can again use up to 100x leverage and no KYC is needed. This of course also refers to the fact that the hong kong-based broker doesn’t accept fiat money deposits, just bitcoin.
One particularity of bitseven is the fact that they allow trader holding positions in both up and down direction at the same time. Funds are also as safe as can be from hacks, with 100% is kept in secure cold storage. The platform unites traders from 100 countries around the globe.
Bybit
Leverage: 1:100
coins: BTC, ETH, EOS, XRP
Bybit is a cryptocurrency derivatives trading broker (like all on this page) for whom customer service matters the most. The company is particularly communicative and transparent. It’s important to them that their users know who is behind the company. Users are encouraged to give feedback and suggestions for improvement.
The fast growing broker has been in the market since 2018 and is already one of the most used bitcoin margin brokers in the area of unregulated brokers with only cryptocurrency deposits.
Their popularity is certainly also due to their bonus system. Users can receive small bonus payments in their account for various actions, which they can use for trading.
Duedex
Leverage: 1:100
coins: BTC
Duedex is a bitcoin margin broker platform where you can trade BTC against USD at competitive fees. The platform offers deep liquidity behind an efficient and reliable trading engine.
With their $10 welcome bonus you can even start trading for free with a small position to test the service. Duedex customer service is good, the dedicated team is available 24/7.
Bitcoin is the only asset that can be traded on duedex at the time of writing, the contract is the typical perpetual contract without settlement – the standard bitcoin CFD offered on all those platforms.
Basefex
Leverage: 1:100
coins: BTC, ETH, LTC, BCH, BNB, EOS
Basefex is another cryptocurrency margin broker with trading on high leverage. However, the 100x applies to BTC, the altcoins can only be traded with up to 20x. A group of crypto traders founded the company in 2018 with focus on good customer service and a trading interface that works as simple as possible.
6 cryptocurrencies can be traded against USD or USDT. The trading fees are relatively low which means that takers only pay a universal 0.0600%. At bitcoin trades makers get a rebate, so they even get payed for their trades (0.02%). At altcoin trades makers get 0%, while for takers the 0.06% apply.
They say that 100% of their user funds are held safely in cold storage.
Simplefx – 500x leverage, but only 6x for crypto
Leverage: 1:100
coins: BTC, ETH, LTC, XRP
Although simplefx sounds simple, the trading platform has a quite comprehensive portfolio of tradeable assets.
Besides couple of cryptocurrencies you can also trade stocks, commodities, forex, indices, precious metals and a wide range of equities. The broker platform is based in the caribbean and is operating since 2014.
In 2019 simplefx was rewarded with a prize for the best bitcoin trading mobile app. Other than with the aforementioned brokers users can also deposit fiat money on simplefx besides BTC deposits. The general maximum leverage is 500x, but unfortunately this doesn’t count for cryptocurrencies. The latter can only be traded with 6x.
Read more about crypto margin trading:
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Top 3 high leverage FX brokers
With a trading volume of $5 trillion, the forex market is not only one of the largest markets in the world, but also one of the most liquid ones. The liquidity, large market size and other additional facilities like the availability of high leverage has made it one of the most attractive markets in the world for individuals as well as institutional investors. Traditionally, brokers that offer high leverage are very tempting for rookie traders. This is due to the fact that there are no minimum deposit requirements when it comes to high leverage. Even if there is a requirement, it is usually a symbolic one because it can be paid by everyone easily.
Therefore, the easiness and simplicity of accessing the interbank market can undoubtedly attract traders, but they should bear in mind that high leverage itself means higher risk. This is due to the fact that you might end up consuming all the funds in your account if anything goes wrong with a trade. This is one of the top reasons that some regulations relating to leverage have been introduced. The american CFTC introduced a limit on the leverage provided to forex traders in 2010, which is around 1:50. In august 2018, ESMA europe also decided to take the same route and introduced a leverage limit of about 1:30.
However, there is no need for traders to panic because they can still find a number of forex brokers who can offer them leverage as high as 1:3000. Sure, there are risks associated with leverage and the higher it is, the more the risk. However, it is also essential to remember that if the trade goes in your favor, this leverage can also provide you with a ton of benefits. Your investment can double in a very short period of time and you can enjoy huge returns. But, this can only happen if you select the right forex broker.
If you are interested in finding a broker that can offer you high leverage in 2019, here are some of the top options that you can explore for this purpose:
- FBS
One of the major forex brokers in the market is none other than FBS and it can offer you the high leverage you desire. The broker is currently serving clients in more than one hundred countries all over the globe. FBS was incorporated in belize and its headquarters are located in belmopan, belize. When you sign up with this broker, you will discover that it provides trading conditions for different kinds of traders. It doesn’t matter whether you are a swing trader, an investor, scalper or anyone else; you can easily use FBS’s services for meeting your needs.
Another advantage of the broker is that it is not a scam since it is thoroughly regulated. It operates under the authorization of both the IFSC and cysec. The broker is concerned an ECN broker or market maker. As far as leverage is concerned, traders will be happy to know that the broker allows them to enjoy high leverage of around 1:3000. Moreover, not only can you use their services for trading in the currency market, but FBS also empowers you to trade other instruments as well, which include cfds on oil and precious metals as well as futures.
When it comes to the trading platform, the broker has kept up with the trends in the market. Signing up on FBS gives you the opportunity of trading via the popular MT4 or MT5 trading platforms, which are equipped with a variety of trading tools that can be very useful. The platforms are also very powerful and can help you enjoy a smooth and hassle free trading experience. You can use them for windows, android, ios and webtrader too.
Creating an account on FBS is also very easy and you also have the option of signing up for a demo account if you just want to try their services. If you are satisfied, you can open an actual account to get started. The good thing is that the minimum deposit requirement is just $1, which means you will not have any problem in getting started right away.
- Hotforex
Another leading forex broker in the market is none other than hotforex, which has its headquarters located in cyprus. The broker is well recognized for offering very high leverages to its customers and it enjoys an international market presence. Hotforex has become a global provider of CFD trading and the broker prides itself as offering customers a unique trading experience and fulfilling any other need they may have during their trading journey. It is a market maker and offers traders the opportunity to use multiple trading platforms.
With hotforex, one can get access to HF markets MT4 terminal, HF markets iphone trader, HF markets ipad trader, HF markets multiterminal, HF markets android and meta trader 4 webterminal. You can decide whether you wish to use the desktop version, the web version or the mobile counterpart, depending on ease of use and convenience. One of the best things about hotforex is that it is regulated in several international markets; the cysec regulates it in europe, the FCA in the UK, the FSA in seychelles, the DFSA and the FSCA.
Other than forex currency pairs, the brokers also offers the option of investing in cryptocurrencies, commodities, shares, energies, indices and plenty of other instruments. There is essentially no minimum deposit requirement for creating an account with hotforex as you can get started with as little as $5. This means that traders can make an account with the broker, even if they are new in the market. A demo account option can also be availed for practice purposes and once you have gotten the hang of the market, you can sign up for an actual account.
As far as leverage is concerned, hotforex does really offer you high leverage, which is about 1:1000. This is considerably more than what some other brokers have to offer, which makes it a very attractive option if you are looking for greater liquidity and leverage during foreign currency trading.
- Octafx
Focused on the asian market, another one of the brokers known for offering high leverage to traders is octafx. Even though the broker was incorporated in st. Vincent and the grenadines, the broker is regulated by the financial conduct authority (FCA) in the united kingdom. The broker has been carrying out its operations since 2011 and offers a wide array of trading accounts to the traders who sign up on it. It also offers some unique features, such as copy trading. The parent company, octa markets incorporated, is regulated by the FSA. Along with high leverage, which is about 1:500, octafx has become one of the top brokers because it charges very low fees and it offers even lower spreads, which are between the ranges of 0.4 to 0.6 pips.
Copy trading is a plus because it allows traders to make better and more informed transactions as they are able to copy more experienced traders and can learn from them. In order to begin trading, you first need to create an account with the broker for which you just need to deposit $5. Next, you have to choose the best trading platform for your needs. Here, octafx has offered you plenty of options, such as MT4, which includes its desktop, web and mobile platform for both ios and android. Next, there is also the MT5, which also includes desktop, web and mobile version for both android and ios. Lastly, ctrader is available for desktop and ios and android smartphones and tablets.
You can find these trading platforms in more than 10 languages and a minimum deposit of $5 is enough to get you started. You also get a 50% bonus on your first deposited amount. The octafx has a one-click trading feature, which can be immensely useful because it allows you to trade all the popular currency pairs very quickly through the operator. Other than copy trading, the broker also offers you other advantages, such as constant trading signals and daily market outlook.
For anyone who is looking for a high leverage broker, octafx is a comprehensive option because it has plenty of other features to offer, along with the leverage you want. The good thing about the broker is that it doesn’t charge you any fee for deposits and withdrawal, which allows you to keep your costs at a minimum when you are trading. Not only is it FCA regulated, but it also provides its traders with access to extensive educational material. Other than the forex market, the broker also allows you to invest in commodities, indices and cryptocurrency.
These are the top three brokers that offer you the highest leverage in the market. You can sign up with any of these brokers, depending on which one offers you the features you are interested in. These are comprehensive trading solutions that can be used for increasing your returns.
Fxdailyreport.Com
Over the last few years, cryptocurrency trading has become one of the most attractive niches in forex trading. Other than it being extremely profitable, the lack of regulation is its biggest appeal. Still, cryptocurrencies like bitcoin, ethereum ripple, dash, and litecoin are dynamic, unstable instruments that need to be handled cautiously and in the most optimal way. To achieve this, you need to choose a trustworthy, well-established broker to carry out your cryptocurrency trading.
This is crucial to getting on the right track from the beginning when trading cryptocurrencies. When choosing a broker, it is important to note that not all are the same. A broker that meets the needs of another trader may not meet yours. Here are a few tips to help you choose the best forex broker for cryptocurrency trading:
- Regulation and reputation
To avoid dealing with an unprofessional broker and being scammed, you need to make sure all your crypto trades are made solely with a regulated broker. When choosing a forex broker to work with, make sure they are regulated within your jurisdiction to legally offer you their services. Regulated forex brokers are under constant supervision of the regulatory body. If you are in the UK, make sure to trade with a broker that is regulated by the FCA. If in europe, ensure they are regulated by the cysec. In case you are in australia, they should be regulated by the ASIC.
- An efficient trading platform
It is important to note that cryptocurrency trading is more volatile than forex. Therefore, it demands that the platform is superbly responsive to be able to make moves in time. A good broker’s platform should be efficient to use. To beat the competition, the best cryptocurrency brokers work to attract clients by creating an intuitive trading platform that is suitable for both experienced and new traders. They offer technical analysis tools and basic risk management features like take profit or stop loss. Other sites also offer additional features, including price alerts, social trading networks or advanced educational centers. The crypto trading platform should allow you to trade in the market manage your accounts, perform technical analysis, and receive the latest news on all cryptocurrencies.
Top recommended crypto forex brokers in 2021
| broker | info | bonus | open account |
|---|---|---|---|
| min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec | 50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. | Visit broker | |
| min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC | $100 no-deposit bonus, 100% deposit bonus | visit broker | |
| min deposit: 0 spread: non-spread, fee 0.1% per trade leverage: non-leverage regulation: - | visit broker | ||
| min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN | 35% of the account deposit | visit broker | |
 | min deposit: $50 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA | visit broker | |
| min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202 | visit broker | ||
| min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK | visit broker | ||
| | min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC | visit broker | |
| min deposit: $10 spread: leverage: regulation: cysec | - | visit broker | |
| | min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec | visit broker |
- Transparent fees and commissions
All brokers, whether trading crypto coins or forex, charge commissions and offer margin accounts to traders. A reliable forex broker for crypto coins should inform you precisely the type of fees and commissions they charge as well as the risks involved. The common fees and charges made by brokers include:
• wallet fees
• transaction fees
• trading fees
- Competitive technology
The last thing you want as a crypto trader is to get margin called simply because you could not log in to close an order. The cryptocurrency trading market is a 24/7 global market. The prices keep moving and are not limited to your time zone. Hence, when choosing a broker, you need to choose one whose platform offers full-time access.
For instance, when trading cryptocurrencies, mobile apps are a necessity as you may need to make or break deal-critical decisions throughout the day. If possible, consider using a reputable broker with a mobile app so that you are able to make successful trading decisions even while in transit.
- Access to crowd wisdom
Today, there are some broker platforms that let you leverage the wisdom of seasoned cryptocurrency traders. This feature can go a long way in improving your returns on investment. Such a trading platform lets you observe the hottest trading trends of other seasoned and successful traders in the market.
Digital currencies trading keeps growing in popularity by the day. More and more people, be it speculators or beginner traders want to be able to make key decisions on time, every minute. Therefore, they need to have a setup ready as soon as they are verified by a broker. When choosing a cryptocurrency broker to trade with, consider one that can quickly get you started so that you can begin trading with minimal downtime.
- User-friendly platform
This is one of the most important features to consider when choosing a trading platform to trade with. Digital money trading can be unclear, especially when a technical language is used. Also, because digital money works a little bit differently from any traditional money system. A good broker should be able to understand blockchain and cryptography terms. They should make an effort to explain it in their platform to make it easy to understand by a layman.
They should include clear notifications about the spreads offers, leverage available, deposit methods, the minimum cryptocurrency deposit to trade and the least amount that can be placed in a trade. Make sure you are able to establish all these details before registering with a broker.
- High-quality customer service
Cryptocurrency trading occurs 24/7. This demands the need for round the clock customer support. Better still, live support is highly preferred over auto attendants taking into consideration the intricacies involved in trading digital currencies.
- Deposits and withdrawals
Make sure to choose a broker that allows deposits and withdrawals through multiple platforms such as wire transfer, credit/debit card e-payment among others.
- Good financial backing
A good FX broker for cryptocurrency should have a sound financial backing. This ensures that your digital coins are safe and that the forex broker will not go bankrupt soon after signing up with them.
Cryptocurrency trading is a risky investment. New and fraudulent forex brokers for cryptocurrency trading are emerging every month, launching with crafty marketing campaigns intended to prey on an innocent investor. Therefore, ensure you proceed with caution. Cryptocurrencies are extremely volatile instruments to trade. So, ensure you are in the know of any breaking news, regulatory matters, and rumors which all dictate the market behavior. Above all, make sure you are working with a reputable, reliable and experienced broker.
While it would be easier to point a finger and tell you the best crypto broker, we know and understand that each client has different preferences. Be knowledgeable about all your options and think about how you can spot a broker that is safe now, and in the long-run.
Best cryptocurrency brokers for 2021
Daniel ‘harris’ major
I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.
Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.
Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.
After trying out most brokers, here are the best cryptocurrency brokers:
Best cryptocurrency brokers (non-US traders only)
Plus500 – top rated trading platform
Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.
Buy/sell cfds on bitcoin in addition to buying stocks, commodities, forex etc (traded only through cfds). Plus500 is the most complete trading platform.
- Trade cfds on bitcoin & many other cryptos
- Minimum deposit is only $100
- Regulated and trusted platform
- Very fast signup process
- Live chat
- Many payment methods (even paypal)
- You cannot withdraw any cryptocurrency
- You have to complete a questionnaire, upon sign up
Plus500 disclaimer: 76.4% of retail CFD accounts lose money.
IQ option – lowest minimum deposit ($10)
If you don’t want to make a huge initial investment, then IQ option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.
- You can trade many cryptocurrencies
- Minimum deposit is only $10
- Best trading platform
- Multiple account currencies
- Free demo account
- Regulated by CYSEC (#247/14)
Etoro – top crypto broker
Etoro is a really popular trading site. They have been around since 2006. Etoro is regulated by CYSEC, FCA and ASIC.
Buy/sell bitcoin on etoro in addition to buying stocks, commodities, forex etc. Etoro is the most complete trading platform.
- Trade bitcoin & many other cryptos
- Minimum deposit is $200
- Regulated and trusted platform
- Australian traders are also accepted
- Great support team
- Many payment methods (even paypal)
- You cannot withdraw any cryptocurrency
- You have to complete a questionnaire, upon sign up
Etoro disclaimer: 71% of retail CFD accounts lose money.
Highlow – best all-round crypto broker
Due to regulation highlow stopped accepting traders from the EU and UK.
Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.
I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.
I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).
I have also tried the ios app and the android app. They are great, but I just don’t like trading on smartphones in general.
The payouts on highlow are amazing (up to 200%, which is more than on other brokers).
Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.
- Trade bitcoin & other cryptos
- Minimum deposit is only $50
- Regulated and trusted platform
- Fastest signup process (no questionnaires)
- Multiple account currencies
- Free demo account (no registration needed)
Nadex – US traders welcome
Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.
Only US traders are allowed on nadex. Non-US traders check out the next broker.
Update OCTOBER 2019: looks like nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on nadex now and get updated when they add it.
Recently, nadex started offering bitcoin trading.
- Trade bitcoin, forex or binary options
- Minimum deposit is $250
- CFTC regulated broker
- Great support team
- Many payment methods (even paypal)
Crypto brokers with most cryptocurrencies
Here are the most popular cryptocurrencies offered by cryptocurrency brokers:
- Etoro – bitcoin, ethereum, litecoin, dash, ethereum classic, NEO and ripple.
- Plus500 – bitcoin, ethereum, litecoin, bitcoin cash, ripple, IOTA.
- Avatrade – bitcoin, ethereum, ethereum classic, ripple, dash, bitcoin cash litecoin, monero and NEO.
Lowest minimum deposit brokers
These are the best brokers with low minimum deposit requirements:
- Etoro – $200
- Plus500 – $100
- Avatrade – $100
This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.
We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.
Top rated brokers that have cryptocurrencies
While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?
Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.
Etoro disclaimer: 71% of retail CFD accounts lose money.
You still can’t decide which broker is best for you?
How to choose your cryptocurrency broker
Is leverage really necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.
Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.
Negative balance protection: it is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.
How suitable is the required capital for you? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.
Narrow spreads for the win: let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.
A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.
Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.
Which cryptocurrencies are you interested in trading?
Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.
If your choice is a prominent cryptocurrency like bitcoin (official site), litecoin (official site), or ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like monero, IOTA, or zcash may be a little harder to come by.
So study the cryptocurrencies being offered by a broker before you sign up for an account.
Pros and cons of cryptocurrency brokers
Here are some features that these broker have or don’t:
pros
- Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading
- If you are less tech-savvy then a broker is safer for you
- You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method
- Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)
Cryptocurrency brokers – what to look for
Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.
1. What are the weekend hours like?
This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.
There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.
But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.
2. How is it hedging?
Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.
Why is it so important for you to know?
Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.
More great features you could be interested in
Commissions and trading on margin – an important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.
Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or cfds. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.
Authenticity of market data – aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.
One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.
But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto cfds.
Are short sales available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.
As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.
And a lot of that is down to which broker you decide to trade with.
Ready to start trading?
Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.
These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.
Sign up now and see for yourself how easy it is to get started.
So, let's see, what we have: top cryptocurrency brokers ✔️ regulated platforms ✔️low spreads ✔️high leverage ✔️advanced trading tools ✔️paypal, credit and debit card at cryptocurrency brokers with leverage
Contents
- Top forex bonus list
- Bitcoin brokers: top 5 cryptocurrency brokers 2020
- On this page:
- Our recommended bitcoin broker for 2020
- Top 5 cryptocurrency brokers 2020
- Top cryptocurrency brokers for 2021
- Best cryptocurrency brokers guide
- Are you interested in investing in cryptocurrency?
- Defining cryptocurrencies
- The important characteristics of the cryptocurrencies
- No third party involved
- Cryptocurrencies have more transparency
- Decentralized
- Blockchain definition
- Cryptocurrency brokers
- What is cryptocurrency?
- Cryptocurrency wallets
- Cryptocurrency exchanges
- The cryptocurrency mining
- Cryptocurrency wallet
- Cryptocurrency exchange
- Cryptocurrency brokers verdict
- Reputable cryptocurrency brokers checklist
- Top 15 cryptocurrency brokers of 2021 compared
- Best cryptocurrency brokers for 2021
- Best cryptocurrency brokers (non-US traders only)
- Plus500 – top rated trading platform
- IQ option – lowest minimum deposit ($10)
- Etoro – top crypto broker
- Highlow – best all-round crypto broker
- Nadex – US traders welcome
- Crypto brokers with most cryptocurrencies
- Lowest minimum deposit brokers
- Top rated brokers that have cryptocurrencies
- How to choose your cryptocurrency broker
- Which cryptocurrencies are you interested in trading?
- Pros and cons of cryptocurrency brokers
- Cryptocurrency brokers – what to look for
- More great features you could be interested in
- Ready to start trading?
- Crypto leverage trading in the USA – best exchanges
- Crypto leverage trading exchanges for USA traders
- List of brokers with crypto leverage trading for US traders
- Cryptocurrency brokers with leverage
- Best crypto trading platform with high leverage
- Save money with these brokers:
- Top high leverage bitcoin brokers
- Those are the 9 best crypto margin trading platforms with high leverage:
- Primebit – highest leverage
- Binance – world’s no.1 crypto trading platform
- Bitmex – still market leader in bitcoin margin trading
- Primexbt
- Bitseven
- Bybit
- Duedex
- Basefex
- Simplefx – 500x leverage, but only 6x for crypto
- Top 3 high leverage FX brokers
- Fxdailyreport.Com
- Top recommended crypto forex brokers in 2021
- Best cryptocurrency brokers for 2021
- Best cryptocurrency brokers (non-US traders only)
- Plus500 – top rated trading platform
- IQ option – lowest minimum deposit ($10)
- Etoro – top crypto broker
- Highlow – best all-round crypto broker
- Nadex – US traders welcome
- Crypto brokers with most cryptocurrencies
- Lowest minimum deposit brokers
- Top rated brokers that have cryptocurrencies
- How to choose your cryptocurrency broker
- Which cryptocurrencies are you interested in trading?
- Pros and cons of cryptocurrency brokers
- Cryptocurrency brokers – what to look for
- More great features you could be interested in
- Ready to start trading?
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