Crypto broker top

Plus500 disclaimer: 76.4% of retail CFD accounts lose money. The payouts on highlow are amazing (up to 200%, which is more than on other brokers).

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Best Cryptocurrency Brokers for 2021, crypto broker top.

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.

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

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.

Top crypto brokers to look out for in 2021

There are many crypto brokers to watch out for as we march into the new year. It is no longer news that the cryptocurrency market is evolving in a very rapid manner. We have seen the price of bitcoin hit an all-time high as we close the year 2020.

The recent occurrence in the crypto space is an indication that the coming year (2021) will be one of unprecedented innovation in the crypto industry. Therefore, as a newbie or a seasoned crypto holder, you will be coming across many crypto brokers or cryptocurrency exchanges.

The major challenge will be identifying the best among the many crypto brokers you are bound to interact with. This post will help you narrow it down to know which crypto exchange is best for you.

What makes an ideal crypto broker?

It is not any platform that can offer the services of a crypto exchange. Certain things set these crypto brokers apart from the rest of the market. We shall explore three of these reasons:

For you to consider any platform a crypto broker, the platform must have a greater liquidity pool. Any cryptocurrency that is bought or sold requires someone to buy from or sell to. The more people buy and sell, the more “liquid” the platform will be. Before a platform can be seen as a good crypto exchange, it must have a good number of sellers and buyers.

In other words, the exchange needs to populate its trading pairs order books with buyers and sellers. By doing this, the exchange provides a viable market for its users.

Reduced spread and slippage fees

One key feature of a suitable crypto broker is that it has reduced spread and slippage fees. Ideal cryptocurrency exchange with high liquidity in the order book will lead to low spread and slippage fees. A low liquidity crypto broker will result in the high spread and slippage fees that will eat deep into your funds.

Higher cryptocurrency pairs to trade

Every good crypto broker will have an increased crypto pair to trade. The ability of a cryptocurrency exchange to offer assets without liquidity losses is a great advantage. Users can use a single cryptocurrency broker trade, manage their crypto portfolio, and store assets in one location without the need to register with multiple exchanges to trade.

Leading crypto brokers to watch in 2021

This list follows no specific order but explores all the top crypto exchanges that you need to follow closely.

1. Etoro

Etoro is an israeli based social trading broker that was founded in 2007. Etoro serves its UK customers through a regulated unit by the financial conduct authority (FCA). It also serves its australian customers through a regulated unit by the australian securities and investment commission (ASIC). However, all other customers are served by the cypriot unit that is regulated by the cyprus securities and exchange commission (cysec).

Although etoro does not disclose its annual report on its site and does not also have a bank parent, it is considered safe. The major reason it is considered safe is that top-tier financial authorities regulate its UK and australian arms.

Etoro offers products like stock, exchange-traded fund (ETF), forex, contract for difference (CFD), and crypto. There is a charge for inactivity, and the withdrawal fee is $5.

Etoro offers seamless account opening.

There is social trading experience

A demo account is made available for new users to get used to the platform.

Users can make deposits with bank cards and electronic wallets.

There are high non-trading fees

It has only one account base currency

The customer support system needs improvement

Take nothing away from etoro; it is arguably one of the top crypto brokers to look out for in the coming year.

Stormgain

Stormgain is one of the exciting crypto brokers that you should watch out for in 2021. Users can leverage the volatile crypto market with well-known crypto pairs and use high leverage of up to 300x. Every contract is settled in the stablecoin tether (USDT). The stablecoin will appeal to traders to limit their portfolio exposure and limit the exchange rate risk peculiar to bitcoin and ethereum.

Stormgain supports the following crypto; bitcoin, bitcoin gold, cardano, dash, EOS, ethereum, ethereum classic, ripple, NEO, stellar, tether, tron, and a host of others. This crypto broker also risks management tools like stop loss, take profit, crypto forecasts by stormgain specialists, and indicators.

It has an excellent demo account

It has a multiplier of up to 300x

It has a web-trader, desktop, and mobile app to provide easy access to users.

The leverage is up to 300

Low trading and exchange fees.

There is no regulation

Coinbase

If you are a cryptocurrency enthusiast, you must have heard of coinbase crypto exchange. It is one of the biggest cryptocurrency brokers, available in more than 100 countries with over 30 million users worldwide.

This platform is duly registered and regulated in the united states. Although it started as a bitcoin brokerage service, additional services got incorporated along the line. Coinbase supports more than 20 different cryptocurrencies; examples include bitcoin, ethereum, ripple, litecoin, bitcoin cash, EOS, stellar lumen, ethereum classic, USD coin, zcash, etc.

It gives you access to about 30 different cryptocurrencies.

Low minimum to fund account.

Your cryptos are insured in the event the website is hacked.

You don’t have control of your coins on coinbase. In other words, coinbase stores your coins for you just like banks keep your cash.

It is only available in 42 states in the united states.

Binance

Binance is one of the leading crypto brokers in the world, and this is the more reason you need to watch out for it. By trading volume, binance is the world’s largest online cryptocurrency exchange. There is a wide range of cryptos available on the binance crypto exchange. You can find the top 20 cryptos by market capitalization on binance and other smaller and less known cryptos.

You have the bitcoin, ether, BNB, and tether trading pairs, and there are also crypto/fiat pairs on binance.

The platform is user friendly

Binance has one of the widest range of cryptos in the market and a comprehensive range of crypto pairing to trade.

High liquidity due to high trading volumes.

It supports the deposit and withdrawal of crypto and fiat money.

Binance has a comprehensive support center with 24/7 customer support.

Although the KYC will be positive for some traders, it is negative for traders that need to remain anonymous.

The demo account is only available for the binance futures platform.

Its more advanced trading platform is difficult for new traders.

Crypto.Com

This is one of the top and well-known crypto brokers supporting the trading of more than 70 cryptos. It was founded in 2016 and is designed to provide crypto traders and investors with a wide range of crypto options. Crypto.Com supports all the leading cryptos by market capitalization. Examples include bitcoin, ether, ripple, stellar lumen, tether, USD coin, cardano, etc.

It also supports the lesser-known cryptos like cosmos, enjin coin, ICON, tezos, and vechain. Users who already own cryptocurrencies that are supported by crypto.Com can transfer them to crypto.Com compatible wallets. Users can also deposit fiat through wire transfer or buy cryptos with a credit card using the crypo.Com app.

It is a user-friendly platform

The platform provides a wide range of cryptos and a comprehensive range of crypto pairings to trade.

It supports both deposits of fiat and cryptos

Permits the withdrawal of fiat through the crypto.Com app

Insurance protects the user base from physical damage and third-party theft.

You can earn a referral bonus through the exchange affiliate program.

The KYC is considered negative for traders that seeking anonymity

It is a relatively new player in the crypto market, and it has a shorter track record.

Prime XBT

Another one of the great crypto brokers to look out for in 2021 is prime XBT. Prime XBT is both a cryptocurrency and forex broker that provides leveraged trading to traders across the world. Since it was founded in 2018 in seychelles, the platform has grown to serve customers in more than 150 countries.

There is a range of visualization tools, execution methods, and trading histories. You can execute different order types on prime XBT, with the option to simultaneously place stop losses and take gains. The leverage rates at prime XBT are very competitive, especially when crypto pairs offer up to 1:1000. Prime XBT deals exclusively on cryptos when it comes to transactions.

The platform provides round the clock trading hours.

Easy signup and login process

You don’t have to provide your personal data.

The platform provides a high leverage rate.

It has limited deposit and withdrawal methods.

The platform provides only online customer support.

There is no automated trading.

New users do not have access to a demo account.

Gemini

The last but not the least on our list of top crypto brokers to watch out for in 2021 is gemini. Gemini is built on transparency and user empowerment. It is exclusively a bitcoin and ether exchange platform. Currently, gemini is a new york trust company and has acquired the bitlicense. This means that gemini is certified as a crypto company operating under the supervision of the new york department of financial services (NYDFS).

Gemini also has insurance for all user funds deposited on the exchange. In 2016, gemini became the world’s first licensed ether exchange. According to coinmarketcap, gemini is the 39th largest exchange in the world. This platform also provides crypto to fiat payments and BTC/ETHC market. Gemini accepts fiat currency (only USD).

It has strong security

The US dollar accounts are all ensured

It is user-friendly

There is a limited section of cryptocurrencies on the platform

It requires lots of personal information from users

Conclusion

These top crypto brokers to watch out for in 2021 are positioned to lead the crypto exchange market. The question is, which one of them will take it all as we head into the new year? Well, time will tell.

Best crypto trading forex brokers for 2021

Below you will find a list of forex brokers that offer cryptocurrency trading instruments (e.G. BTCUSD, ETHUSD, LTCUSD) and allow account funding with major crypto coins. In most cases, these are bitcoin, etherium and litecoin, although certain companies provide more options. Blockchain technologies made crypto transactions very simple and highly anonymous. Hence, some forex brokers don’t even require to undergo an account verification process before you can deposit or withdraw some funds in the form of cryptocurrency.

Who are crypto forex brokers? These are forex brokers that also list cryptocurrency assets on their platforms, usually in combination with fiat currencies to form a crypto-fiat pairing. Examples of crypto-fiat pairs include BTCUSD, DASHUSD, ETHUSD and LTCUSD. These cryptocurrency assets are CFD instruments and do not warrant owning the actual cryptocurrencies in itself.

What crypto assets are offered by crypto forex brokers?

Assets that are offered by crypto forex brokers include various pairings between cryptocurrencies and fiat currencies. Popular cryptos used in these pairings are bitcoin (BTC), ethereum (ETH) and litecoin (LTC). However, other cryptos such as DASH, ripple, NEO and stellar lumens have emerged as crypto assets that are making their way onto platforms featured by crypto forex brokers. Fiat currencies which are used as the counter asset in these pairings are US dollar (most popular), euro and british pound. So you get to find pairings such as BTC/USD, ETH/USD, LTC/USD, DASH/USD, BTC/EUR, etc. The exact combinations will differ from broker to broker. These crypto assets are usually listed on popular platforms such as the MT4, where they can be traded just like any other currency pair of CFD asset. You can use market or pending orders to setup trades, or trade with the regular lot sizes featured on the platforms to setup your trades.

Account opening with crypto forex brokers

Opening an account with a crypto forex broker is quite simple, and follows the regular process of account opening, which involves filling an online form. Account verification is also easier, especially if you are going to use a crypto-only account, or if you will use cryptos for deposits and withdrawals. This is because cryptocurrency transactions are basically anonymous and do not require verification of the identities of the individuals involved in the transaction. So if you opt for a crypto transaction method for deposits and withdrawals, your account will most likely be opened for trading without verification.

Depositing/withdrawing funds on crypto forex broker platforms

Some crypto forex brokers require that you open a dedicated account that can be used to trade cryptocurrency assets, while others allow you to use the same regular trading accounts used to forex and cfds. In the last few years, some crypto forex brokers have opened up new payment channels that allow their clients to deposit and withdraw their holdings in cryptocurrencies. Bitcoin and ethereum are the popular cryptocurrencies used for such deposits and withdrawals. To be able to use these cryptos for deposit and withdrawal transactions, there is a need to get a wallet to be able to hold your assets. These wallets are usually provided by the crypto forex broker. Making a deposit in cryptocurrencies will require you to obtain BTC or ETH from a third party source exchange, store this in an external wallet, and transfer what you want to trade with to your wallet on the crypto forex broker platform. Withdrawals will also follow the same route. The advantage here is that the cryptos used in conducting your deposit transactions are held in a cold wallet and are not accessible to hackers, unlike the ones held in exchanges which are hot wallets and are vulnerable to theft by hackers. Brokers like simplefx typify an emerging trend where crypto forex brokers are increasingly dispensing with fiat deposit methods and replacing these with more crypto-based methods. Presently, simplefx allows users to deposit and withdraw funds in cryptos such as bitcoin, bitcoin cash, ethereum, dash and litecoin. It also offers e-wallets such as fasapay, skrill and neteller. You really would not even find the bank wire or card options here.

For other brokers, you will also be able to use conventional means of payment to transact on your account. This includes the use of bank wires, credit/debit cards and e-wallets such as skrill, neteller and webmoney.

More consistently, you will find that some of the crypto forex brokers in our list offer both fiat and cryptocurrency deposit and withdrawal methods. Thinkmarkets is an example of this hybrid transaction model, as it offers the fiat methods just mentioned as well as the bitcoin method using the bitpay wallet.

How were crypto forex brokers on this list selected?

Certain factors were considered in compiling the list of the best crypto forex brokers you can use today. These factors include leverage/margin requirements, security of transactions and spreads.

Leverage/margin requirements

Trading cryptocurrencies on forex broker platforms in europe and the UK has become very expensive, no thanks to the 1:2 leverage cap imposed by the european securities and markets authority (ESMA). Ordinarily, spreads on some cryptocurrency assets such as BTC/USD are quite high, and margin requirements as well as the inherent volatility of some of these assets may overwhelm most traders’ financial capacity. In compiling our list of the best crypto forex brokers, one of the criteria used for selection was to seek for platforms that had friendlier leverage provisions. The leverage provided by many of the brokers on our list for trading cryptocurrency assets ranges from 1:2 to 1:100. In terms of cost implications to the trader, what does this mean?

Trading LTC/USD with a leverage of 1:2 means that setting up a $100,000 position on this asset will require a margin of $50,000. But on a crypto forex broker platform like that of primexbt (one of the brokers found on our list), the leverage provided for trading this asset is 1:100. This means that you can trade a standard lot with a margin of $1000. Look at the difference in the two positions: $50,000 margin (UK/EU broker) as opposed to $1,000 margin (our broker). It goes without saying that this represents significant cost savings and using our brokers will make crypto trading on a forex platform cheaper.

Security of transactions

For those who opt to use the crypto-based funding and withdrawal methods, a key advantage of using crypto forex brokers is the safety of transactions. Rather than expose your crypto holdings in exchange-based hot wallets, you can use the same holdings in secure cold wallets to fund your account and trade the same assets as cfds. This represents a far more secure way to trade and enables the trader to have immense peace of mind. It should also be mentioned that most crypto forex brokers mentioned here are regulated, and so there is accountability in how business is conducted on those platforms. Using exchanges which are unregulated always carries risks, as users of cryptopia and quadrigacx have found out the very hard way.

Spreads

Cryptos tend to have higher spreads than any other assets on these crypto forex platforms. For instance, the spread on LTC/USD on simplefx is 14,800 points, or $148 for a standard lot position. But comparatively speaking, the spreads on crypto assets with our crypto forex brokers are lower than what you will get on other platforms. Spreads are the trader’s cost, and for assets that carry wider spreads, this cost simply needs to be kept as low as possible. By offering traders lower spreads, the savings that will be realized over time will prove beneficial for the trader.

WITH TOP CRYPTO BROKERS IT’S SAFETY ABOVE ALL

We’ll provide you with reviews on the safest and most reliable crypto platforms. Our mission is to make it easier for those who want to take on investing, and set them on the right path.

Our authorized partners will provide you with the most secure services you can find; at the very best quality. Feel free to get in touch with us if you need help deciding and we’ll be happy to help you with your inquiry!

What is blockchain?

19 industries the blockchain will disrupt

A WORLD OF CRYPTO

Digital currencies may take over the world and replace national currencies

We all know that cryptocurrencies are more like commodities, rather than stocks. They have prices but they still differ materially from most trading instruments. Exchange may be the only similarity between the two of them. Because of the decentralized nature of digital currencies, it means that they cannot be stopped by governments or central banks, nor can they be easily manipulated. Researches and various studies have pointed out that the number of cryptocurrency users is rapidly growing, and could reach more than 6 million by 2019. But can they take the place of national currencies, and become leading global currencies in the financial markets?

For example, bitcoin, the world’s first digital currency, has been widely adopted by the world’s largest technology companies, which are now using bitcoin for their transactions. But this isn’t only about big companies. A lot of new small and medium companies are beginning to accept cryptocurrencies, realizing that they truly represent the future. With constantly growing awareness about bitcoin, confidence in the cryptocurrencies markets is rapidly increasing. Although digital currencies are still not fully adopted on a global level, they are gradually evolving and causing the huge booms that we are witnessing.

The more companies start accepting them, the more awareness they receive, and so their value skyrockets even further. More and more people are getting involved in this world every day, which is attracting the interest of many investors who want to diversify their portfolio and create new, stable income sources.

Best cryptocurrency brokers in 2020

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In the cryptosphere, selecting the best crypto broker is not an easy task. There are hundreds of exchange platforms available for buying and selling of cryptocurrencies. And, each one claims to be the best exchange that can be trusted. But, many exchanges fail in that respect and sometimes leads to loss of user’s funds.

Therefore, to make your task cut short and help you to select the best crypto broker, I have come out with a list of best crypto brokers that can be trusted and provides superior trading experience.

Best crypto trading platform to use in 2020

#1. Coinbase

Coinbase is one of the most trusted and biggest brands in the cryptosphere, serving over 30 million users worldwide. The exchange has contributed significantly to redefine the crypto trading segment with its innovative product line.

Founded in 2012 in san francisco, california, coinbase is a one-stop-shop for the management of your crypto assets. It offers trading services in major cryptocurrencies including BTC, ETH, LTC, BCH, XRP, and few ERC-20 tokens.

Available on both web and mobile platforms, it offers brokerage services, wallets, and pro service for advanced crypto traders. Coinbase supports fiat currencies and its services are available in 102 countries.

The other services include the coinbase index for tracking the financial performance of all coinbase listed assets, custodian services, paradex that lets you trade directly from the wallet, and the USD coin (USDC), a stablecoin built by coinbase.

Since coinbase is regulated and complies with the laws and regulations in each jurisdiction it operates, users need to fulfill the KYC requirements.

Why choose coinbase?

Trusted and reliable platform

Platform integrates advanced security features

User-friendly interface and suitable for beginners

Wide range of crypto support

Supports fiat transactions

#2. CEX.Io

CEX.Io is a UK based exchange launched in 2013 that allows trading in bitcoin, ethereum, and a variety of other cryptocurrencies. It offers cross-platform trading via the web, mobile application, websocket, and API.

The platform is suitable for both beginner and professional traders and allows you to buy cryptocurrencies using a credit/debit card. Its services include instant buy, CEX.Io exchange, CEX.Io broker, and CEX.Io aggregator.

It has a fee schedule based on the user’s 30-day average trading volume and starts from 0.25% as a taker fee and 0.16% as maker fee. The fee gradually decreases with the increase in 30-day average trading volume.

The exchange’s services are available in 99% of the world including 43 states of the united states and have over 3 million registered users. And, since CEX.Io is a fincen registered entity, users have to comply with the KYC guidelines.

Established and reputed platform

Wide range of services and easy buying process

Multiple coin support

Supports multiple payment options including fiat

#3. Paxful

Paxful is a peer to peer marketplace for buying and selling bitcoin instantly with over 300 payment methods. The platform was launched in 2015 to help users to buy bitcoins with almost any payment option.

The platform is very easy to use and the whole transaction process is very secure and transparent. Once a buyer finds the seller on the platform and the seller accepts the buyer’s offer, the bitcoin is moved to paxful’s escrow account and released to the buyer only after the seller confirms the receipt of payment.

Paxful is fully free for buyers which makes it an attractive option. It only charges a 1% plus miner fee from sellers on the total value of the transaction.

There are four buying limits, and the starting or level 1 requires only an email and phone verification and offers a buying limit of $1,500. For higher buying limits, users need to perform enhanced due diligence.

Paxful’s services can be accessed worldwide including the united states and it restricts countries with economic sanctions.

Established and reliable p2p marketplace

Wide range of payment options

Smooth transaction and seller trust rating

#4. Wazirx

Wazirx is an indian cryptocurrency exchange launched in march 2018 but was acquired by binance holding limited in november 2019.

It takes customers from all over the world but the platform is designed particularly for indian users. The platform allows users to trade cryptocurrencies through its exchange platform and buy and sell cryptos through P2P exchange using fiat currencies.

The exchange platform is highly scalable and can handle millions of transactions per second. It is available on all popular web and mobile platforms and has some of the best security measures as per global standards.

Regarding the fee, it charges a flat rate per transaction i.E. 0.25% as taker fee and 0.10% as maker fee. The customer onboarding process is quick with the super-fast KYC process.

Strong backing of binance

Quick registration with the easy KYC process

A secure and highly scalable exchange platform

Competitive fees

#5. Bitit

Bitit is a paris-based cryptocurrency exchange that allows the buying and selling of cryptocurrencies using the traditional mode of finance including credit/debit cards.

Founded in 2015 by three friends to simplify the process to access cryptocurrencies and reach every corner of the world. Bitit supports 52 different cryptocurrencies and stablecoins and can be bought using 15 different fiat currencies which helps to save the cost of conversion for users.

The platform is registered in france and legally operates in 50 countries including all EU countries, the UK, the US, and major economies of the world.

Bitit has a flat transaction fee of 0.25% for both buying and selling of cryptocurrencies. And, the transaction fees for credit/debit card purchase is 3.9%, which is the lowest among its peers.

Supports a wide range of cryptocurrencies and 15 different fiat currencies

Lowest transaction fee for credit/debit card purchase

Regulated marketplace

Strong security framework

#6. Coinswitch

Coinswitch is an india based crypto exchange aggregator platform and primarily caters to asian users. In short, it connects users with multiple platforms to help get the best exchange rate on orders.

Through coinswitch, you can buy, sell, and manage over 400 different cryptocurrencies and a staggering number of trading pairs. The platform supports credit card purchases and users don’t require to register on the platform or go through any KYC verification process.

Users can access the platform either through the web or mobile applications. There is no fixed transaction fee on the platform and is dependent on the exchange type and coin. However, the fee ranges between 0-0.49% for each transaction.

Why choose coinswitch?

Wide range of crypto selection

No registration and KYC requirements

Supports credit card purchases

Competitive fee structure

#7. Okex

The okex is one of the largest crypto-to-crypto exchanges and ranks in the list of top 10 exchanges in terms of the daily trading volume. Its product range includes spot & derivatives trading, onchain wallets, mining pools, and margin trading. Other features include buying with a credit card, up to 100X leverage on perpetual swaps, etc.

Okex is considered one of the safest crypto exchanges due to a strong security framework. Also, it has the lowest fee structure among all the leading exchange platforms. For normal users, the maker fee starts at 0.10% and taker fee at 0.15%. And, it drops to as low as 0.06% as maker fee and 0.09% as taker fee.

Suitable for both beginners and professional traders

Fiat to crypto support

Offers a wide range of trading options

Leverage trading

Supports over 100 cryptocurrencies

Which bitcoin broker to choose in 2020?

You can find many other crypto exchange platforms that offer superior product range and trading experience, but the above-discussed list of best crypto brokers are selected based on the following three factors:

Safety of the platform

Have an established track record

Utility and convenience offered in the platform

The crypto landscape is quite dynamic and intimidating for users, therefore you need to choose an exchange that is trustworthy, secure, easy to use, and offers a quality experience.

Fxdailyreport.Com

Regulation and reputation

An efficient trading platform

Top recommended crypto forex brokers in 2021

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

• wallet fees
• transaction fees
• trading fees

Competitive technology

Access to crowd wisdom

User-friendly platform

High-quality customer service

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

Best crypto trading forex brokers for 2021

What crypto assets are offered by crypto forex brokers?

Account opening with crypto forex brokers

Depositing/withdrawing funds on crypto forex broker platforms

How were crypto forex brokers on this list selected?

Certain factors were considered in compiling the list of the best crypto forex brokers you can use today. These factors include leverage/margin requirements, security of transactions and spreads.

Leverage/margin requirements

Security of transactions

Spreads

Best cryptocurrency brokers to trade with in 2021

5 popular regulated crypto brokers

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading cfds.
You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

The cryptocurrency market is more live than ever. If we want to get on the right track right from the beginning, we need to choose our crypto broker carefully. Every broker offering crypto trading is not the same. If a broker meets the requirements of one particular client, it does not mean that it will also meet yours. There are several aspects to think about when choosing your cryptocurrency broker.

How to go about choosing the best crypto broker

Regulation and reputation

To avoid being scammed or treated unprofessionally you should trade solely with regulated brokers. Only brokers that are regulated in your jurisdiction can legally offer services to you, such companies are under constant supervision of the regulatory body. There are 2 major financial regulators in europe; the cysec and FCA. A broker that is regulated by one european regulator has the right to provide cross-border services to other members of the european economic area.

A broker that is, for example, regulated in cyprus by the cysec provides the same investor protection even for a trader from the UK, germany, netherlands or any other EEA country member.

In australia and south africa, the most prominent financial regulators are the ASIC and FSCA, respectively.

Cryptocurrencies we want to trade

Before you open your trading account at a brokerage company, you have to first to find out whether the broker you are considering offers all the cryptocurrencies you want to trade. Bitcoin, ethereum, and litecoin can be traded almost everywhere. Less popular cryptocurrencies like IOTA, monero, zcash, and others might, however, not be available on every trading platform. In case you want to trade them at any point, keep this in mind and make sure it will be possible.

Leverage – multiplying your capital

Cryptocurrencies are volatile in their very nature, but if you want to trade with bigger capital than you have you can take advantage of leverage. All brokers that are regulated in the EU follow ESMA laws and offer leverage 2:1. Remember, however, that leverage does not only multiply your earnings but also your losses, should your prediction be incorrect.

Negative balance protection – necessity

You probably do not want to trade with a broker that does not include negative balance protection in the package. The negative balance protection feature ensures you never lose more money than you invest. All users that trade with a broker that is e.G. Licensed by the cysec regulator are protected against negative balance.

Appropriate capital according to your possibilities

How much do you plan to trade with? Does your crypto broker offer to trade with a small starting capital? If not, is it an obstacle for you? Or do you plan to trade in big in order to make that big money? Decide for yourself before you choose your cryptocurrency broker.

Fees – as low as possible

Let's face it, no one really likes them, but they are always there. Yes, we are talking about fees. We know that brokers have to finance their operation somehow, but the lower the fees are, the better. In general, most cryptocurrency brokers we know charge your account with a spread (i.E the difference between the ask and bid price) and with an overnight fee. It is quite hard to determine which broker has the lowest fees as they are not fixed and they tend to change according to the current market conditions. They are also quite different for bitcoin as well as other cryptocurrencies, so while one broker might have very competitive spreads on bitcoin, they might charge high spreads on stellar, or other altcoins. For that reason, the best practice is to open a demo with a reputable company to see what spreads a broker charge in real-time on cryptocurrencies you want to trade.

Overnight fees

While the spread is plausibly the most substantial fee you will have to face when trading, you should also know how big is the overnight fee charged by your broker. The overnight fee is deducted from your balance if you stay in a position overnight. This expense should be monitored especially by traders who want to hold on to their cryptocurrencies for a while.

Trading platform

To beat their competition, the world's leading cryptocurrency brokers try to attract clients to an intuitive trading environment suitable for both experienced and inexperienced traders. Almost all brokers include in their offer technical analysis tools and basic risk management features like a stop loss or take profit. Most companies do not, however, limit their offer only to the mentioned necessities and also offer price alerts, advanced educational centres or perhaps even a social trading network. Here are a few special features that one of the top european and australian crypto providers have to offer.

Broker	special features	special features
etoro	allows you to follow and copy other traders	30 crypto pairs
XTB	MT4 & xstation 5	comprehensive educational centre
plus500	price alerts (via an email or SMS), beginner friendly trading platform	trailing stop
IQ option	an award-winning in-house built platform, online chat with other traders	crypto digest videos (twice a week)
capital.Com	A wide range of crypto crosses pairs

5 popular regulated cryptocurrency brokers

Etoro

Plus500

IQ option

Roinvesting

The best crypto broker – FAQ

�� what is the best cryptocurrency broker?

To answer what is the best cryptocurrency broker, we would have to know your needs and preferences. Having said that, you should look for a broker that is regulated in your country, has competitive fees and features cryptocurrencies you want to trade.

Regulation

If you are based in europe, you should look for a broker that is regulated in at least one european country. The most common financial regulator in europe is the cysec which is headquartered in cyprus. If you are based in australia, look for the ASIC regulation (A regulatory body that oversees the financial market in australia). If you are based in the US look for the CFTC regulation.

The number one fee when trading with a CFD broker featuring cryptocurrency trading is going to be the spread. Visit a broker that you look and check their website to see what spreads they charge. You can find this info either directly on their trading platform or on a page that is dedicated to the broker’s fees.

Tradable cryptocurrencies

Each broker features different assets. The most common ones usually have all brokers, but if you are looking to trade some less popular altcoins, make sure your broker offers them.

�� can I try cryptocurrency trading risk-free?

Yes, you with most cryptocurrency brokers you can open a free demo account on which you can trade with play money. No initial deposit required.

⭐ what cryptocurrencies can I trade with cryptocurrency brokers?

It depends on what crypto broker you choose. Nearly all cryptocurrency brokers feature bitcoin, ethereum and ripple, but only some allow trading other-less popular coins. In this article, you could find all cryptocurrencies that some of the best crypto broker feature.

Conclusion – the best crypto broker

It would be easy to point a finger and say this is the best crypto broker for you to choose. We, however, know that each client has different preferences so while one trader might want a trading platform with the lowest spreads to day trade cryptocurrencies, the other might rather appreciate a copy trading system to follow the world’s most successful investors. The brokers featured in this article are one of the most popular regulated cryptocurrency brokers out there, the decision what is the best crypto broker for YOU is, however, in your hands.

- 3# crypto chart patterns for day trading
- the best hodling techniques
- how to short any cryptocurrency like a pro

And much more can be found in our crypto section.

So, let's see, what we have: compare the best cryptocurrency brokers. Start trading bitcoin (BTC), bitcoin cash (BCH) ethereum and other coins. Choose safe and legit crypto brokers. At crypto broker top