Crypto brokerage

2. How is it hedging?

Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)

Top forex bonus list

Best Cryptocurrency Brokers for 2021, crypto brokerage.

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.

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.

Crypto brokerage

The trusted way to add crypto to your application

Frictionless access to a growing cryptocurrency market worth more than $350B

Why choose paxos crypto brokerage?

Paxos enables enterprises to integrate cryptocurrency buying, selling, holding and sending capabilities into their own applications. We manage the underlying regulatory and technological complexity of cryptocurrency markets with a turnkey, easy to integrate API-based solution.

Grow your revenue

We provide access to the $350+ billion crypto market. Build a new, consistent revenue stream, deepening existing client relationships and driving new ones.

Enterprise-grade reliability

We operate with 99.99+% uptime, and as a regulated financial institution and qualified custodian, we ensure your customers’ crypto assets are secure.

Seamless integration

We provide an API-first, one-stop-shop platform that offers all of the capabilities needed to launch and scale crypto offerings for end users.

Client success story

Revolut US built and launched its crypto product using paxos crypto brokerage apis. Paxos custodies all crypto for revolut users and provides deep liquidity, so users get off-the-shelf access to great crypto prices.

Why companies trust paxos

Paxos is a pioneer in the digital asset space and has years of market expertise operating the leading regulated digital asset exchange built for institutional traders, itbit. As a trust company regulated by the new york state department of financial services, we offer best in class blockchain monitoring software and systems designed to prevent market manipulation.

Interested in adding crypto for your users? Contact us to speak to a member of our team.

If you are an existing customer and need support, please or visit the paxos support center .

Frequently asked questions

Paxos crypto brokerage is a new solution that enables companies to offer cryptocurrency buying, selling, holding and sending capabilities within their own applications. It is a turnkey, API-based solution that eliminates the technical and regulatory complexity. Customers can tailor the solution to their unique product needs and brand experience, while paxos manages regulatory oversight and supplies a liquid marketplace for users.

We built paxos crypto brokerage to make it possible for any company to give their users access to cryptocurrency. Cryptocurrency is a young and rapidly growing asset class, and paxos’ technical and regulatory expertise can lead the way. Paxos crypto brokerage makes it faster, safer and easier than ever before for companies to enter cryptocurrency because we manage the underlying regulatory and technological complexity of this market.

Paxos crypto brokerage is an ideal solution for payments, wealth management, banking or other large applications interested in entering the high-growth cryptocurrency markets to build new business line opportunities.

Paxos is powering paypal’s new service enabling its US users to buy, hold and sell cryptocurrency directly from their paypal digital wallet. Users can now purchase bitcoin, ethereum, bitcoin cash and litecoin directly from paypal – all powered by paxos crypto brokerage.

Paxos’ easy-to-integrate apis, market expertise and regulatory framework allowed paypal to enter crypto markets at scale. Learn more about our launch with paypal .

We support bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), litecoin (LTC) and PAX gold (PAXG).

For trading applications, we support the following cryptocurrency trading pairs: BTC/USD, ETH/USD, BCH/USD, LTC/USD and PAXG/USD.

Brokerage 24/7 crypto trading

Our brokerage provides liquidity for banks and
financial service providers.

Disclaimer

Crypto broker AG –
terms & conditions of use of online onboarding application interface

General disclosure
please read the following terms and conditions of use of this online onboarding application interface of crypto broker AG (“online onboarding application interface terms and conditions”) carefully before proceeding further.

Crypto broker AG (“CBAG”) is a subsidiary of crypto finance AG (“cfinag”) and incorporated as a swiss stock corporation with its registered office in zurich, switzerland. As a financial intermediary, CBAG is subject to the swiss anti-money laundering legislation, and, as such, a member of the financial services standards association (VQF) (“VQF”). The VQF acts as a self-regulatory organisation officially recognised by the swiss federal market supervisory authority (FINMA) (“FINMA”), and is obligated to supervise its members with regard to the combatting of money laundering and the prevention of the financing of terrorism. CBAG is not subject to prudential supervision by FINMA, and clients of CBAG do not benefit from any protection under a deposit insurance scheme.

Please note that this online onboarding application interface (“interface”) only allows you to apply online to CBAG to be considered as a prospect and potential future client of CBAG. Please further note that CBAG cannot accept retail clients. Your application and your potential acceptance as a future client of CBAG is subject to the external onboarding requirements under the relevant regulations and laws as well as CBAG’s internal requirements and policies, as applicable at any time. Your application and your use of this interface is subject to this online onboarding application interface terms and conditions.

No offer and no unsolicited applications
this interface does not constitute an offer, or promise to accept you as a client of CBAG. It remains at CBAG’s sole discretion whether and how to proceed with your application to be considered as a potential future client of CBAG. This interface is not intended and shall not be construed in any way as any form of promotion, recommendation, inducement, offer, or solicitation to (i) become a client of CBAG, (ii) purchase, sell or invest in any way in any cryptocurrencies or crypto assets, (iii) transact any other business, or (iv) enter into any other legal transaction, or client or other relationship.

By accessing and using this interface you confirm that you are applying to CBAG on your own behalf, for yourself, and based on your own initiative without having been solicited in any way by CBAG or any of its employees or affiliates.

Consent
by accessing this interface of CBAG within the website of cfinag, you confirm that you have read and understood this online onboarding application interface terms and conditions of CBAG and the terms and conditions of use of cfinag’s website together with its privacy policy and cookie policy as published and amended from time to time, and that you agree to all of the terms and conditions set out herein. If you do not understand, or do not agree to any of the terms and conditions contained in any of the foregoing, please exit this interface of CBAG and the website of cfinag.

Restricted access
this interface of CBAG and the website of cfinag must not be accessed by any person subject to a jurisdiction (e.G. Due to that person’s nationality and/or place of residence and/or tax domicile and/or place of business and/or restrictions in or prohibitions of trading and investing in cryptocurrencies or assets) in which this interface and the access to or use of it is prohibited for any reason. Persons to whom these restrictions apply are prohibited from accessing and using this interface.

Collection of personal and other information
this interface collects the personal and other information you provide in the input fields. This information is stored and processed by CBAG and its affiliates for the sole purpose of assessing your application. You can retrieve and amend the information you have provided by following the provided link. Please see the respective online instructions. Changes are possible until you have marked the information you have provided as final. Please note that the link you receive allows access to your information. You should, therefore, not share it, and keep it strictly confidential.

CBAG will protect the integrity and safety of the information you have provided via this interface to CBAG by adequate measures. You should, however, be aware that the integrity and safety of your information on your side and within your infrastructure when providing, accessing, or amending it is beyond CBAG’s control and under your sole responsibility.

Privacy policy and cookie policy
as this interface of CBAG is hosted on cfinag’s website, cfinag’s privacy policy and cookie policy apply to this interface analogously. For further details, please consult these privacy and cookie policies.

No warranty and no liability
no warranty is given that this interface will operate error free or without interruption, that any faults will be corrected, or that this interface and the related infrastructure and servers will be free of harmful components and programmes. CBAG accepts no liability in respect thereof. CBAG shall not be liable for any direct or indirect loss or damage, including but not limited to, loss of profit that you may incur as a result of accessing and using this interface.

Risk disclosure
investing in cryptocurrencies and crypto assets entails risks. If you are not familiar with the risks, please exit this interface and the website. If you understand the risks involved in trading and investing in cryptocurrencies and crypto assets, you confirm that you are able to take these risks. Trading and investing in cryptocurrencies and crypto assets bears the risk of a total loss of the amount or value traded or invested. Cryptocurrencies and crypto assets are very volatile and their value may fluctuate extremely in a short period of time.

Intellectual property, copyright, and trademark rights
all components of this interface are protected by intellectual property laws and are the property of CBAG and its affiliates or third parties. Components of this interface may not be reproduced in whole or in part in any manner or form. Users are not permitted to create hyperlinks or inline links from other websites to this interface without the prior written consent of CBAG.

Changes to the online onboarding application interface terms and conditions
CBAG reserves the right to change these online onboarding application interface terms and conditions at any time. Please read these online onboarding application interface terms and conditions whenever you access the interface to ensure that you agree to the terms and conditions of any amended version. If you do not understand, or do not agree with any of the terms and conditions contained in the online onboarding application interface terms and conditions currently in effect, please exit this interface and the website.

Applicable law and place of jurisdiction
access to and use of this interface as well as the online onboarding application interface terms and conditions shall be governed by swiss law without giving effect to its conflict of law principles.
Any dispute arising out of or in connection with this interface and the online onboarding application interface terms and conditions shall be submitted to the exclusive jurisdiction of the courts of zurich, switzerland.

Best online brokers for bitcoin trading

The best crypto exchanges for US bitcoin trading offer three essential benefits. The first, and most important, is robust security with two-factor authentication, cold storage, and integrated safe wallets. Second is a user-friendly website and platform. Third, they provide access to trading a variety of cryptocurrencies like bitcoin and ethereum.

In our assessment and ranking of cryptocurrency exchanges, we focused on traditional exchanges headquartered and regulated in the united states, as well as the incumbent online brokers in the US, which are expanding to offer bitcoin trading on top of regular stock trading (e.G. Buying shares of apple or google).

Best bitcoin trading platform

Tradestation - best trading platform

Coinbase - best crypto exchange

Etoro - low fees

Kraken - maker-taker fee schedule

Bittrex - most altcoins

Gemini - offers gemnini dollar

Robinhood - best mobile app

Here's a breakdown of some of the best online brokers for US crypto trading.

Best trading platform - open account
promo offer: commission-free trades on stocks, etfs & options trades

As a trading technology leader, tradestation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades. Tradestation crypto allows you to buy, sell, and trade bitcoin, litecoin, ethereum, bitcoin cash and XRP. Tradestation crypto caters to both institutional and recreational clients. Read full review

Best crypto exchange

Founded in june of 2012, coinbase is the largest US-based cryptocurrency exchange, housing over 20 million users. Coinbase is best known for its easy to use website and crypto trading platform, coinbase pro. Coinbase supports 14 different cryptocurrencies for trading, including bitcoin (BTC), ethereum (ETH), and litecoin (LTC), among others.

Low fees - open account
promo offer: 0% commission stocks

Etoro is great for traders seeking zero-commission stock and ETF trades, an efficient platform, and access to copy trading. That said, there are hidden fees, education is sub-par, and etoro doesn't offer the same range of investments as traditional brokers. Etoro's crypto offering includes 16 different coins. Although crypto fees are cheap, you can only withdraw your crypto assets with a dedicated etoro wallet.

Maker-taker fee schedule

Kraken was founded in july of 2011 and offers trading on 18 different cryptocurrencies, including monero (XMR), ripple (XRP), and dash (DSH). Kraken currently offers a web platform but does not have a mobile app.

Most altcoins

Bittrex was founded in seattle, washington in 2014. Although bittrex doesn’t provide a mobile or desktop platform, it still offers over 100 tradeable coins, including bitcoin (BTC), ethereum (ETH), and litecoin (LTC).

Offers gemini dollar

Founded in 2015 by the winklevoss twins, gemini is a licensed digital asset exchange and custodian built for both individuals and institutions. Gemini lets users buy, store, and sell bitcoin (BTC), ethereum (ETH), litecoin (LTC), bitcoin cash (BCH), and zcash (ZEC), as well as the self-named gemini dollar (GUSD).

Best mobile app

Robinhood crypto allows users to trade bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), litecoin (LTC), dogecoin (DOGE), ethereum classic (ETC), and bitcoin SV (BSV). Ten additional coins can be added to a watch list. Robinhood crypto is best-fitted for users who trade multiple classes of assets. Read full review

Pricing details

Below is pricing information for each of the top online brokers for bitcoin trading. Each company uses a different structure.

Tradestation - open account
promo offer: commission-free trades on stocks, etfs & options trades

Headquartered in plantation, florida, tradestation is a wholly owned subsidiary of monex group, inc., one of japan’s largest online financial services providers. (1). Tradestation's roots date back to the 1982, when the company was formed under the name omega research. The company's flagship tradestation platform was launched in 1991, and tradestation group was a NASDAQ listed company from 1997 - 2011, until it was acquired by monex group (2).

Tradestation crypto features a simple pricing structure. Account balances below $100,000 pay a 0.50% maker fee and a 0.50% taker fee. Account balances over $100,000 don’t pay a maker fee, paying either a 0.25% or 0.125% fee based on account size. At this commission rate, it would cost $5.00 to buy $1,000 worth of bitcoin (BTC).

Coinbase - coinbase.Com

If buying bitcoin from a linked ACH account, the average commission is

1.49%. If buying bitcoin by selling another cryptocurrency you already hold in your coinbase wallet (or vice versa), then the average commission is

.50%. For example, buying $1,000 worth of bitcoin would cost

$15 from a linked bank account.

Etoro - open account
promo offer: 0% commission stocks

As an early pioneer in social copy trading, etoro was founded in israel in 2006 as a financial trading technology developer. After launching its first product, it has since grown to service over 9 million users with an innovative platform that continually evolves to be one of the largest social networks globally, with clients in over 170 countries.

Etoro charges no fees for sending or receiving transactions. Blockchain fees are applicable for sending and receiving. However, etoro does charge a conversion fee of 0.1%, set to market rates. Minimum withdrawal amounts and fees are also imposed for each type of cryptocurrency. The minimum bitcoin withdrawal amount is 0.0086 BTC and the withdrawal fee is 0.0005 units.

Kraken - kraken.Com

Kraken uses a maker-taker fee schedule with price incentives based on your trading volume over the last 30 days. For example, the average customer who trades less than $50,000 a month will pay $2.60 in fees for every $1,000 in trading volume. Fees for market makers range between 0% and 0.16%, while fees for takers range from 0.10% to 0.26%. This fee schedule, is more competitive than competitors like coinbase and gemini.

Bittrex - bittrex.Com

Bittrex has a simple pricing model, and charges a flat 0.25% on all trades. At this commission rate, it would cost $2.50 to buy $1,000 worth of bitcoin (BTC). Higher-volume traders, those trading more than $25,000 a month, should look at kraken for discounted pricing.

Gemini is much more expensive than other exchanges, charging between $0.99 - $2.99 on transactions under $200, and 1.49% on orders over $200. This means it would cost $14.90 to purchase $1,000 worth of bitcoin (BTC). Overall, gemini is the most expensive crypto exchange included in this guide, charging more than five times what other exchanges would charge for the same transaction.

Robinhood

Robinhood crypto does not charge a commission for placing crypto trades; however, it generates tiny profits from each order as it is routed. This routing practice, known as payment for order flow (PFOF), is also how robinhood makes money from stock trades. In their user agreement, robinhood crypto states that they may receive activity-based rebates from crypto exchanges, brokers, and market-makers, among other crypto intermediaries. Bottom line, since robinhood is not transparent with its pricing structure, there is a possibility the all-in costs per trade are actually much higher than some competitors. Unfortunately, there is no way to know for certain.

Pricing details per exchange

Final thoughts

Trading cryptocurrencies is becoming more widespread as investors around the globe become more comfortable with blockchain technology and the exchanges that offer online crypto trading. Security enhancements for digital wallets continue to improve as well, providing traders more confidence that buying bitcoin is safe.

How to evolve a small crypto brokerage into a competitive exchange platform?

Let’s take a look at how you can grow your small brokerage into a billion-dollar crypto exchange that every trader would want to reckon with.

The crypto market is one of the most fast-paced financial markets in the world. The market and technology are moving forward, and not many crypto exchange brokerages know how to evolve their small startup into a fully-featured competitive crypto trading platform.

Let’s take a look at how you can grow your small brokerage into a billion-dollar crypto exchange that every trader would want to reckon with.

Sounds good, right? Let’s dive in!

Offer superior liquidity

In the crypto market, liquidity means the ability to trade quickly and efficiently. A trader can easily buy and sell preferred coins in a liquid market almost instantly regardless of the volume of transactions. On the other hand, trade hardly takes place in a non-liquid market.

If you offer superior liquidity, crypto traders will naturally gravitate towards your crypto platform. Besides, traders on your crypto exchange would have access to lower spreads, which is the difference between the ask and bid price.

Feature exclusive trading instruments

The importance of listing a wide range of trading instruments is not possible to overemphasize. In any business, when the supply is scarce, and the demand is strong, there is bound to be a competitive advantage.

If you feature on-demand trading instruments on your crypto trading platform, it goes without saying that these trading instruments would boost your platform’s potential. Both newbie and experienced traders would turn to your trading platform to use those tools for their profiting.

They would also recommend your brokerage platform to their friends or family members. As such, your platform would become more competitive and could rub shoulders with crypto giants like binance and coinbase.

Have A simple user interface (UI)

Since cryptocurrency, and by extension, blockchain technology is still in its nascent state in some countries of the world, having a user-friendly and visually appealing UI can transform your small brokerage app into a competitive crypto platform. The truth is that there are still so many people that do not understand what cryptocurrencies are and how to use them, let alone how to register on an exchange to trade. Therefore having a genuinely user-friendly and straightforward UI will help you acquire many beginners looking to kick-start a crypto trading career.

One good example of a crypto exchange that leveraged a simple user interface to be reputable across the world is coinbase. They did an excellent job creating a simple UI with as few controls as possible so that traders can easily buy or sell their preferred coins. You can learn from coinbase and implement their user experience logic on your platform.

Be friendly to market-makers

To be competitive, you should think about making your crypto brokerage as friendly as possible for the market-makers. Being market maker-friendly means offering rebates, commission, discounts, or even valuable API access based on trading volumes.

Additionally, you can further appeal to liquidity providers and market makers by adding quality of life features like “cancel on disconnect” or “post-only orders.”

The bottom line? Making your crypto brokerage more friendly to the market-makers would tighten spread, enhance liquidity, and provide superior value to your clients.

Consider running an affiliate program

One marketing technique that can transform a small brokerage into a competitive crypto platform is a healthy affiliate program. As a small brokerage owner, if you still haven’t integrated an affiliate program into your business model, now is the right time to do so.

An affiliate program is also about rewarding your loyal customers. If an existing customer has been trading on your platform for a long time, there should be some form of incentive to encourage them to continue doing business with you. Customer loyalty and an affiliate program fit perfectly in this situation.

The incentives don’t have to be huge, but they’ve got to be there. Once your loyal traders convince their friends or family members to register and start trading on your crypto platform, you should offer them a reward. That way, they would naturally spread the word about your products and services and be happy to do it.

Implement token listings

Another trick that can make your small crypto brokerage competitive is to list as many tokens as possible. A variety of available token listings naturally attract more users to the exchange platform. For instance, after recording more than 100 coins, the membership base of binance shot up significantly.

Once you successfully list a multitude of different tokens, you can then expand and focus on creating a diverse crypto exchange platform like yellow blockchain that companies can approach to list their offerings for kickstarting their IEO, ICO, or STO.

Introduce gamification

Gamification is another excellent feature you may consider to scale your crypto brokerage business. It works alongside user acquisition and retainment. If you implement gamification in your brokerage, you would be a step closer to becoming an attractive exchange, inducing prospective traders to register and start trading through your platform.

This action will differentiate your brokerage from others who adopted a less aggressive approach. One famous example of gamification is to organize or host a trading competition. If you have a native token that your platform uses, you can reward those who participate in the contest.

Just keep in mind that gamification works best in small controlled doses, so don’t overdo it. Remember that your customers come to perform financial trading activities in the first place.

Run partnership events

Last but not least is to form partnerships with trusted brands and innovative crypto market players. Ensure you craft a compelling press release to inform the crypto community members about your platform’s state and future plans. Once crypto enthusiasts see that you have patterned with their chosen brands, they would have high regard for your crypto brokerage, and your service would become more attractive.

Meaningful partnerships and acquisitions will not only make your brokerage more competitive, but it will also complement your existing services to make them more user-friendly.

Final thought

As you can see, making your crypto exchange platform highly competitive like coinbase and binance is not rocket science. Follow through with the tips we have shared in this article, and you would be a step away from transforming your crypto brokerage.

If you think it will take years of development and millions of dollars to tune your crypto platform features, look at blockchain development industry leaders like openware . You could deploy market-ready open source crypto exchange solutions on a startup or enterprise-scale and even move entire platforms on revolutionary blockchain infrastructure, all within weeks.

Thanks for reading, and don’t forget to share your experiences with us as you climb the success ladder in the ever-growing crypto exchange market.

5 top prime brokerage firms for crypto assets

2019 has seen many rapid advancements that demonstrate the growing crypto markets are coming to more closely resemble the traditional markets. So far this year, there have been record trading figures for crypto-backed futures, followed by the announcement of new instruments such as crypto-backed options on futures from bakkt and CME. The influx of institutional money is creating demand for these products, but also for the kinds of services that are available in the traditional markets. This now includes prime brokerage.

Prime brokerage is a suite of services provided by large investment banks, such as goldman sachs or morgan stanley, whereby they help to facilitate the trading activities of financial institutions such as hedge funds. Services include the lending of securities or cash, leveraged trade executions, asset custody, or preparation of account statements. However, the core service is single access to global liquidity – meaning an institution can conduct all its trading activities in a one-stop-shop, without having to go to multiple trading outlets.

Until recently, these kinds of services weren’t available in the cryptocurrency markets, and so far, none of the large investment banks has ventured into providing these services to crypto investors. Therefore, several firms are now seeking to fill this gap in the market. Because this is a relatively new niche, there is no “one-size-fits-all” approach to the range of services on offer.

Troytrade

Troytrade is a global prime broker providing a full-stack integrated trading platform alongside a suite of services for institutional clients and professional traders. The troy trading platform offers single and direct access to global cryptocurrency liquidity across different instruments, including tokens, futures, and other derivatives. The platform is integrated with all the major exchanges including binance, bitmex, coinbase, kraken and more, offering unparalleled liquidity across all the spot trading pairs and derivatives traded at these venues.

Alongside the trading platform, troytrade also offers sophisticated data analytics features, including blockchain data, trading data, market data, and media data. These are optimized with AI and quantitative models to provide meaningful and accurate sentiment analysis of the cryptocurrency markets. Furthermore, clients get access to a brokerage service with real-time fund transfer and settlement, including margin and OTC services.

Troytrade is powered by the troy network, a decentralized protocol for global trading and settlement. In a similar way to exchange tokens like binance coin, holders of the TROY token can access benefits such as discounts on trading and margin lending fees.

Troytrade was founded in 2018 and is backed by investment firms including block VC and NGC ventures. The company is led by kira sun, who brings extensive experience in designing crypto asset management products, including BVC16 index fund and pure alpha fund.

BCB group

BCB group is a regulated financial services provider with a focus on digital assets. Like troytrade, BCB group also provides a trading platform as a gateway to the global cryptocurrency markets, offering execution, settlement, and reporting services to institutional clients. The platform supports trading in ten cryptocurrencies, with native onshore settlement in GBP, USD, EUR, CHF, and ZAR or wholesale FX rates for other currencies.

BCB’s trading channels include a web UI, encrypted voice and messaging channels, and a low latency API covering live pricing, trading, and reporting. Compliance is covered through a multitude of real-time transaction and position reporting options.

Founded in 2017, the company is based in london and is regulated in the UK and switzerland. Alongside the trading platform, the company also offers custody services for digital assets and business accounts to blockchain-based companies.

Quantreq is a cryptocurrency and digital assets capital markets firm. The company provides a variety of services to institutions, including portfolio margin trading, crypto fund administration, and prime brokerage through its qtrade prime platform.

Using qtrade prime means crypto funds only need to open one account with quantreq for trading across 20 exchanges covering spot markets, crypto derivatives and options, and quantreq’s institutional cryptocurrency lending desk.

The company also gives users access to its multi-signature treasury hot wallet, which enables fast funding of custodial counterparties for quicker trading. The wallet is fully insured. Quantreq also makes its institutional research from market analysts available to users.

Quantreq was founded in 2018 and serves clients in north america, europe, and asia.

Tagomi is a cryptocurrency brokerage firm offering a range of services to institutions and individual investors and traders. The trading platform provides access to 14 exchanges via a single account. The company also provides margin, shorting, and lending, along with secure multiparty custody services. Tagomi also commits to providing the details underlying the price of every trade on its platform, as a way of ensuring transparency.

Tagomi’s platform went live at the end of 2018, and the company launched its lending feature in Q3 2019. It has backing from partners including paradigm and pantera capital and was the 18 th company to receive the new york bitlicense.

Caspian provides a complete asset management solution. Like the other companies listed here, it provides a single gateway to multiple trading venues. However, the caspian software also offers other benefits, including a portfolio management system, compliance, and risk management, along with a reporting feature.

Caspian is a joint venture between two companies – tora trading services and kenetic trading systems. Tora is a leading order execution management trading platform for equities and derivatives, while kenetic is a proprietary trading and investment firm focusing on digital assets and blockchain-related companies. The management team behind caspian is made up of senior executives from both companies, combining expertise in software, investment, economics, and blockchain development.

Final thoughts

The emergence of prime trading services is yet more evidence that the cryptocurrency markets are growing up. Over time, it’s likely that more firms, and perhaps even the existing prime brokerage providers from the traditional markets, will enter the digital asset space. If this happens, the incumbents will have to up their game to ensure they’re providing a broad range of world-class services, making them invaluable to their clients.

Disclaimer: ambcrypto does not endorse or support any product or project mentioned in this page. Articles in this category could be sponsored in nature. Readers are advised to do their due diligence before making any financial decisions.

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Among the numerous websites providing bitcoin exchange services, the positive reputation of CEX.IO makes it worth the trust of the users all over the world. With the customer base of over 3,000,000, the platform can be recognized as the one that can be relied on. Starting your bitcoin trading on a platform with substantial history, you will benefit from a deep understanding of the market and customersвђ™ needs. We are constantly working on enhancing the security, ensuring the high level of customer support, and providing our users with new opportunities for trading on the bitcoin market. CEX.IO is regularly considering the addition of new coins, which was not so long the case with dash, zcash, and bitcoin cash. Still, every cryptocurrency has to pass a thorough check to be listed. Our due diligence and concerns about the quality of the service yield results. Now, we are moving forward to achieve the status of the best cryptocurrency exchange.

Best cryptocurrency exchange: what does it mean for us?

For you to be able to recognize a reliable online exchange and sort out those that appear to be too weak, we list several features, paying attention to which would help you to make the right choice. 1. Service safety and security. It is critical to ensure that your data will not be leaked to any other parties. Thus, the availability of certificates, like the PCI DSS, serves as the proof of serviceвђ™s safety. Besides, the regulation of exchanges is also important. For example, CEX.IO.

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Crypto trading bot in 2021 | best 12 bitcoin trading bots

Nowadays, lots of teams provide paid and free crypto trading bots for bitcoin and other cryptocurrency. It’s a hassle for a crypto trader like you and me to choose between these services

When should you use a crypto trading bot?

Many functions that a well-executed bot can conduct for you are rebalancing, portfolio management, data collection, smart order routing, etc.

What exactly can you improve with trading bots? Let’s take a look.

#1 repetitive tasks

Repetitive tasks consume a lot of time and effort. A crypto trading bot will allow you to virtually “copy and paste” specific tasks to conduct trades with ease. One of the best ways where bots can help with repetition is in periodic rebalances. If you want to conduct hourly rebalances, then you’ll need to, as the name suggests, rebalance your portfolio every hour. So, you have two options:

Set the alarm every hour to rebalance the portfolio and lose your sanity in the process.

Create a trading bot and program it to rebalance your portfolio every hour till the end of time.

#2 timing

Timing and achieving a high degree of accuracy in your trading is essential for trading. Every single trade that you make can have an enormous impact on your potential earning. Let’s take an example. Suppose the price of bitcoin is going down, and you want to sell your position the moment BTC hits the $8,750 support line. If you were to do this manually, you’d have to patiently and carefully observe the price chart, and even then, you may not pull the trigger at the right time. The bot can be easily programmed to monitor the market and execute a trade at the correct times.

#3 complications can be simplified

Consider the example of “smart order routing.”

The idea is to route trades through numerous trading pairs.

Every single trading pair needs to be carefully determined as per its timing, asset quantity, and trading price.

This entire route needs to be finished within a specific time-limit before the market conditions change.

It seems pretty easy-to-understand, right? However, the execution of this trade could be nearly impossible. This is just one of the many examples of the several complexities that should be factored in while training. Some strategies could be almost impossible to implement.

Trading bots could be used to automate these complicated and seemingly impossible strategies with ease.

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The best crypto trading bot in 2021

#1 quadency — A smarter way to trade and manage your crypto

The best part of quadency is the backtesting feature, with which you can do it based on data and numbers instead of shooting it in the dark. It’s also the most important feature for a crypto trading bot; it’s always nice to know the performance upon history data before using your money with the crypto trading bot.

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 brokerage