Cryptocurrency trading brokers
Coinbase is 1 of the largest and oldest cryptocurrency exchanges.
Top forex bonus list
Best cryptocurrency brokers
Luke jacobi
Contributor, benzinga
Want to jump straight to the answer? The best crypto platform for most people is definitely etoro.
Many people believe that cryptocurrencies are the future of finance. When you’re ready to leap into crypto, choosing a broker to trade or invest in cryptocurrencies is one of the most important steps to your success in the crypto market.
Get started now with benzinga’s picks for the best cryptocurrency brokers to choose the right one for you.
Best crypto brokers and trading platforms:
- Best for social trading: etoro
- Best for ease-of-use: gemini
- Best for new investors: coinbase
- Best for gold investments: itrustcapital
- Best for high volume forex traders: cryptorocket
- Best for accessibility: altrady
- Best for multiple exchanges: voyager
Best crypto brokers
Since different brokers have different strengths, you need to figure out what kind of broker best suits your cryptocurrency interests. Some brokers provide a social trading platform where you copy other cryptocurrency traders’ trades in your own account. Others can offer the ability to make transactions in a broader selection of altcoins.
Choosing the best crypto broker depends largely on addressing your needs as an investor or trader. The following list crypto brokers been selected for different reasons to meet the needs of differing cryptocurrency trading and investing styles.
Commissions
Account minimum
1. Best for social trading: etoro
Etoro fundamentally changed the way many people trade and invest with its social trading platform. Social trading involves mirroring another trader or investor’s transactions in a special social trading account. While you make the same amount proportionally as the trader you’re copying, you also take the same percentage of losses the trader takes in their account.
In addition to its regular crypto trading platform, etoro offers an advanced cryptocurrency exchange platform called etorox. This platform is designed for algorithmic traders and institutional grade investors. It offers traders access to tight-dealing spreads, and its algox application programming interface (API) can be used to create custom automated trading tools.
Commissions
Account minimum
2. Best for ease-of-use: gemini
Stay on top of market trends, build your crypto portfolio and execute your trading strategy with gemini’s easy-to-use tools. The gemini app is available on all the major app stores, and it puts the industry’s best crypto exchange and wallet in your hands.
Gemini’s app is easy to use. You can track asset prices and real-time market prices and set price alerts so you can act fast on price movements for individual assets. You can also schedule recurring buys on bitcoin and other cryptocurrencies.
Invest with peace of mind with gemini’s solid cybersecurity and custody solutions. Create a free account and make your 1st buy in as little as 3 minutes.
Commissions
Account minimum
3. Best for new investors: coinbase
Coinbase is 1 of the largest and oldest cryptocurrency exchanges. It currently services 35 million customers worldwide. Coinbase has extensive educational resources and an intuitive interface ideal for new traders and investors.
The exchange also provides clients with a hosted wallet and offers global customer support. Coinbase is an excellent choice for those new to the cryptocurrency market who do not wish to use social trading services.
Commissions
Account minimum
4. Best for gold investments: itrustcapital
Itrustcapital is 1 of the few cryptocurrency brokers that lets you trade and hold physical gold in your individual retirement account (IRA). You can also trade bitcoin (BTC), ethereum (ETH), litecoin (LTC) and bitcoin cash (BTH) in your IRA. Itrustcapital provides you with a personal wallet by curv for your crypto transactions.
While itrustcapital has no minimum trade or account size, the company charges account holders a flat fee of $29.95 per month. This amount includes all IRA fees, asset custody charges and access to its trading platform, although all cryptocurrency trades carry an additional 1% transaction charge based on the trade size.
If you’re planning for your retirement and want to add physical gold to your cryptocurrency portfolio as an inflation hedge, then itrustcapital is a solid choice.
5. Best for high volume forex traders: cryptorocket
Cryptorocket offers straight through processing (STP) to its trading clients. This means you deal directly with the crypto and forex markets and not through intermediaries or market makers. This broker model is ideal for high volume forex traders who tend to be sensitive to dealing spreads.
In addition to the 35 crypto pairs offered, you can trade 55 fiat currency pairs, 64 major stocks and 11 indices. If you are based in a jurisdiction with relatively lax retail forex trading regulatory oversight, you may even be able to take advantage of cryptorocket’s 500:1 maximum leverage ratio for forex trades.
Cryptorocket also supports the popular 3rd-party metatrader4 trading platform.
6. Best for accessibility: altrady
Altrady is built by crypto traders for crypto traders. It makes cryptocurrency trading accessible for beginner, intermediate and advanced traders.
You can get the tools that professional crypto traders use without the expensive price tag. Altrady’s platform is intuitive and easy-to-use. Its crypto trading software platform adapts to your needs.
It combines 10 connected exchanges. It also offers immediate price alerts, portfolio manager, break-even calculator, and customizable trading pages by allowing traders to manipulate widgets to create preferred layout in order to trade comfortably, limit ladder order, gain quick access to market tabs, and integrated market scanners.
Commissions
Account minimum
7. Best for multiple exchanges: voyager
Voyager connects to more than a dozen of the most trusted and secure crypto exchanges so you have access to the largest crypto trading market available anywhere. Voyager gives you faster, more reliable execution, plus:
- Access to multiple exchanges: voyager partnered with over a dozen of the most trusted and secure crypto exchanges and liquidity providers. Voyager’s exchange connectivity offers you competitive prices on your trades and faster, more reliable execution.
- Commission-free trading: voyager operates commission free to save you money. You save money on trades through its extensive crypto market and best execution technology. Voyager achieves price improvement on over 90% of customer orders.
Start trading at a better price today! Download the voyager app today.
Crypto advantages vs. Disadvantages
Trading and investing in cryptocurrencies often carry a considerable degree of risk, as you may have observed given the volatility of bitcoin and some other digital currencies. Despite the disadvantages currently associated with cryptos versus fiat currencies (like lower liquidity and minimal payment options), the advantages of holding cryptocurrencies will increase as they become a more common form of payment.
Here’s a quick shot of crypto advantages and disadvantages.
Advantages
- Security. Technology advances typically lead to increased intrusion into your privacy. In contrast, all identities and transactions are strictly secured in the digital currency environment. While most cryptocurrency transactions are very secure, you still could be vulnerable to cybercriminal actions, like hacking.
- Low transaction fees. Because of the elimination of intermediaries like financial institutions, cryptocurrency transaction fees are generally quite low.
- Decentralized. The lack of a central exchange or authority overseeing cryptocurrencies is one of their defining characteristics. Many people consider this among the biggest advantages of cryptocurrencies and blockchain technology.
- High potential returns. You only have to look at a long-term bitcoin price chart to get an idea of the returns you can make investing wisely in digital currencies. The crypto world is still developing and expanding, so investing in the right digital currency now could translate into considerable returns in the future.
Disadvantages
- Acceptance. Because digital currencies have not yet become mainstream, most businesses will not accept them as payment for goods or services. This situation will eventually change as public perception makes digital currencies more acceptable as forms of payment. For example, paypal has recently allowed customers to hold bitcoin balances and has plans to allow payments using that cryptocurrency by early 2021.
- Volatility. The market volatility observed in some digital currencies can lead to large gains or large losses. Trading and investing in crypto is not for everyone, especially those with a low pain threshold or aversion to risk.
- Taxes. The internal revenue service (IRS) states on its official website that “virtual currency transactions are taxable by law just like transactions in any other property.” that IRS web page also links to a guide about how existing general tax principles apply to transactions made using digital currencies.
- Illegal activities. Due to the fact that digital currency transactions generally provide identity security, many people operating outside the law are thought to use digital currency for illegal activities. These activities could include money laundering, “dark web” transactions, and drug and human trafficking.
Cryptocurrency vocabulary
Like many other financial markets, the cryptocurrency market has evolved its own jargon. Some of the key terms used by market operators are defined below.
- Block. A collection of transactions permanently recorded on a digital ledger that occur regularly in every time period on a blockchain.
- Blockchain. A constantly growing list of blocks in a peer-to-peer network that records transactions.
- Cryptocurrency exchanges. Also called digital currency exchanges, these generally consist of online businesses that allow customers to exchange cryptocurrencies for fiat currencies or other cryptocurrencies.
- Cryptocurrency wallet. A secure digital account used to send, receive and store digital currencies. Crypto wallets can either be cold wallets that are used for storing cryptos in an offline environment or hosted wallets that are hosted by 3rd parties. Hosted wallets store your private keys and provide security for your digital currency balances.
- Distributed ledger. A network of decentralized nodes or computers that connect to a network where transaction data is stored. Distributed ledgers do not have to involve cryptocurrencies and can be either private or permissioned.
- Fork. Also known as a “chain split,” a fork is a split that creates an alternate version of a blockchain that then leaves 2 blockchains running simultaneously. For example, bitcoin and bitcoin cash came about due to a fork in the original bitcoin blockchain. Another type of fork is known as a “project” or “software fork.” this occurs when cryptocurrency developers take the source code of an existing altcoin project and create a new project. For example, litecoin is a project fork of bitcoin.
- ICO. An initial coin offering (ICO) occurs when a new digital currency or token is sold, typically at a discount, to its first set of investors. An ICO lets issuing cryptocurrency companies raise funds from the public to support their coin’s development and maintenance.
- Mining. A computationally-intensive process performed within a cryptocurrency network where blocks are added to the blockchain by verifying transactions on its distributed ledger. Miners are rewarded with digital coins as compensation for their successful computational efforts.
Are you ready for the future?
Digital currency and the blockchain appear to be the future of finance. Despite their current typical volatility and lack of widespread acceptance as a payment method, cryptocurrencies seem destined to become increasingly used for online payments. They could therefore make an interesting long-term investment, especially if you have a strong appetite for risk.
Where we will be in 20 years is anyone’s guess, but cryptocurrencies and blockchain technology show growing promise as forces to be reckoned with in the financial world. Get started today with 1 of our recommended crypto brokers.
Try gemini
Gemini builds crypto products to help you buy, sell, and store your bitcoin and cryptocurrency. You can buy bitcoin and crypto instantly and access all the tools you need to understand the crypto market and start investing, all through one clear, attractive interface. Gemini crypto platform offers excellent account management options. You can manage your account at a glance, view your account balance 24-hour changes and percent changes. Get started with gemini now.
Best cryptocurrency brokers for 2021
Daniel ‘harris’ major
I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.
Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.
Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.
After trying out most brokers, here are the best cryptocurrency brokers:
Best cryptocurrency brokers (non-US traders only)
Plus500 – top rated trading platform
Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.
Buy/sell cfds on bitcoin in addition to buying stocks, commodities, forex etc (traded only through cfds). Plus500 is the most complete trading platform.
- Trade cfds on bitcoin & many other cryptos
- Minimum deposit is only $100
- Regulated and trusted platform
- Very fast signup process
- Live chat
- Many payment methods (even paypal)
- You cannot withdraw any cryptocurrency
- You have to complete a questionnaire, upon sign up
Plus500 disclaimer: 76.4% of retail CFD accounts lose money.
IQ option – lowest minimum deposit ($10)
If you don’t want to make a huge initial investment, then IQ option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.
- You can trade many cryptocurrencies
- Minimum deposit is only $10
- Best trading platform
- Multiple account currencies
- Free demo account
- Regulated by CYSEC (#247/14)
Etoro – top crypto broker
Etoro is a really popular trading site. They have been around since 2006. Etoro is regulated by CYSEC, FCA and ASIC.
Buy/sell bitcoin on etoro in addition to buying stocks, commodities, forex etc. Etoro is the most complete trading platform.
- Trade bitcoin & many other cryptos
- Minimum deposit is $200
- Regulated and trusted platform
- Australian traders are also accepted
- Great support team
- Many payment methods (even paypal)
- You cannot withdraw any cryptocurrency
- You have to complete a questionnaire, upon sign up
Etoro disclaimer: 71% of retail CFD accounts lose money.
Highlow – best all-round crypto broker
Due to regulation highlow stopped accepting traders from the EU and UK.
Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.
I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.
I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).
I have also tried the ios app and the android app. They are great, but I just don’t like trading on smartphones in general.
The payouts on highlow are amazing (up to 200%, which is more than on other brokers).
Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.
- Trade bitcoin & other cryptos
- Minimum deposit is only $50
- Regulated and trusted platform
- Fastest signup process (no questionnaires)
- Multiple account currencies
- Free demo account (no registration needed)
Nadex – US traders welcome
Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.
Only US traders are allowed on nadex. Non-US traders check out the next broker.
Update OCTOBER 2019: looks like nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on nadex now and get updated when they add it.
Recently, nadex started offering bitcoin trading.
- Trade bitcoin, forex or binary options
- Minimum deposit is $250
- CFTC regulated broker
- Great support team
- Many payment methods (even paypal)
Crypto brokers with most cryptocurrencies
Here are the most popular cryptocurrencies offered by cryptocurrency brokers:
- Etoro – bitcoin, ethereum, litecoin, dash, ethereum classic, NEO and ripple.
- Plus500 – bitcoin, ethereum, litecoin, bitcoin cash, ripple, IOTA.
- Avatrade – bitcoin, ethereum, ethereum classic, ripple, dash, bitcoin cash litecoin, monero and NEO.
Lowest minimum deposit brokers
These are the best brokers with low minimum deposit requirements:
- Etoro – $200
- Plus500 – $100
- Avatrade – $100
This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.
We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.
Top rated brokers that have cryptocurrencies
While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?
Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.
Etoro disclaimer: 71% of retail CFD accounts lose money.
You still can’t decide which broker is best for you?
How to choose your cryptocurrency broker
Is leverage really necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.
Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.
Negative balance protection: it is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.
How suitable is the required capital for you? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.
Narrow spreads for the win: let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.
A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.
Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.
Which cryptocurrencies are you interested in trading?
Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.
If your choice is a prominent cryptocurrency like bitcoin (official site), litecoin (official site), or ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like monero, IOTA, or zcash may be a little harder to come by.
So study the cryptocurrencies being offered by a broker before you sign up for an account.
Pros and cons of cryptocurrency brokers
Here are some features that these broker have or don’t:
pros
- Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading
- If you are less tech-savvy then a broker is safer for you
- You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method
- Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)
Cryptocurrency brokers – what to look for
Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.
1. What are the weekend hours like?
This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.
There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.
But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.
2. How is it hedging?
Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.
Why is it so important for you to know?
Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.
More great features you could be interested in
Commissions and trading on margin – an important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.
Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or cfds. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.
Authenticity of market data – aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.
One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.
But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto cfds.
Are short sales available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.
As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.
And a lot of that is down to which broker you decide to trade with.
Ready to start trading?
Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.
These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.
Sign up now and see for yourself how easy it is to get started.
Best online brokers for buying and selling cryptocurrency in january 2021
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Cryptocurrency, especially bitcoin, has proven to be a popular trading vehicle, even if legendary investors such as warren buffett think it’s as good as worthless. Part of cryptocurrency’s popularity is due to its volatility, since these swings allow traders to make money on the price moves.
For example, at the start of 2017, the price of bitcoin broke through the $1,000 barrier. By the end of the year, the digital currency had reached nearly $20,000. Almost a year later, bitcoin was hovering around $3,200. But it sprung back to life in 2019, rising to more than $10,000 and has continued significantly higher since then — crossing the $20,000 level toward the end of 2020.
It’s this kind of price movement that has attracted traders looking to ride the waves to profit. While some traders like to own the currency directly, others turn to the futures market. Futures may be an even more attractive way to play the volatility of digital currencies such as bitcoin, because they allow traders to use leverage to magnify their gains (but also magnify losses).
Where can you buy and sell cryptocurrencies?
Traditional brokers have the advantage of offering a wide selection of investible securities, though typically you can’t trade bitcoin directly, only futures. Meanwhile, crypto exchanges are limited to digital currencies, though you can own the currencies directly and can often buy several, rather than simply bitcoin or bitcoin futures, as you would with a general broker. And paypal has also gotten in on the act, allowing U.S. Users to buy and sell cryptocurrencies.
Here are the best brokers for cryptocurrency trading, including traditional online brokers, as well as a new specialized cryptocurrency exchange. You might also want to check out which brokers offer the best bonuses for opening an account to determine where you can get a little extra.
Overview: best brokers for cryptocurrency trading
Robinhood
Robinhood is a great option for buying cryptocurrency directly. Not only that, you’ll get to take advantage of the broker’s wildly popular trading commissions: $0 per trade, or commission-free. And if you’re into more than just cryptocurrency, you can stick around for stock and ETF trades for the same low price. Robinhood’s slick app makes trading so easy, though those looking for a full-featured trading experience will be disappointed.
Commission: $0
Account minimum: $0
TD ameritrade
TD ameritrade is one of the top full-service brokers on the market, and not only does it offer access to traditional products such as stocks and bonds, but it’s expanded its offering to include bitcoin futures. However, TD ameritrade does not allow trading directly in the digital currency. You’ll need to meet the account minimum to get started with bitcoin futures. (charles schwab has purchased TD ameritrade, and will eventually integrate the two companies.)
Commission: $2.25 per contract
Account minimum: $25,000 for futures
Interactive brokers
Interactive brokers allows you to buy bitcoin futures rather than owning the currency directly. And in this broker’s case, you can actually buy futures on the chicago mercantile exchange, with all-in contracts costing $15.01 with five bitcoins per contract. In addition, interactive brokers brings its full suite of investment offerings, so you can buy almost anything that trades on an exchange.
Commission: $15.01 per contract
Account minimum: $0
Charles schwab
Charles schwab is routinely one of bankrate’s picks for top broker, and this investor-friendly company offers trading in bitcoin futures. Schwab also has no account minimum, but any futures contracts you trade will require some minimum margin to hold them open. Schwab offers an attractive commission of $1.50 per contract, and if you’re able to bring big money to the table, you’ll receive a welcome bonus, too.
Commission: $1.50 per contract
Account minimum: $0, futures margin depends on contract
Tradestation
Traders have a couple options at this broker, which has rolled out direct currency trading via tradestation crypto, with commission-based pricing for traders. Pricing is based on your account balance with the broker and whether your order is directly marketable. Normally pricing ranges from 0.25 percent of your order to 1 percent. Traders can also buy and sell bitcoin futures as well as take advantage of substantial volume trading discounts.
Commission: 0.25-1 percent
Account minimum: $0, but futures margin depends on contract
Coinbase
Coinbase is a specialized cryptocurrency-focused platform that allows you to trade digital currencies directly, including bitcoin, ethereum, litecoin and bitcoin cash. In total, you’ll have access to more than three dozen cryptocurrencies. You’ll also be able to store your coins in a vault with time-delayed withdrawals for additional protection. The exchange’s commission structure is steep. It charges a spread markup of about 0.5 percent and adds a transaction fee depending on the size of the transaction and the funding source.
Commission: at least 1.99 percent of the transaction value
Account minimum: $0
Bottom line
Whenever you’re selecting a broker, it’s important to consider all of your needs. And for new traders in cryptocurrency, you’ll want to figure out whether you want to own the virtual currency directly or whether you want to trade futures, which offer higher reward, but also higher risk.
You’ll also need to consider whether you want to trade more than bitcoin, which is what the majority of traditional brokers restrict you to. If not, you may want to turn to a cryptocurrency exchange, since they offer more choice of tradable cryptocurrency.
Compare the best bitcoin brokers
When it comes to bitcoin trading, you need a bitcoin broker you can trust. We’ve compared all your options to help you make the right choice.
Where can I find the best bitcoin brokers?
Right here. We have reviewed all the best and most reliable bitcoin trading platforms out there to help you buy bitcoin. Have a read through our reviews and see what you think. If you’re not ready just yet, scroll down and continue reading to learn more about choosing the best bitcoin broker.
Access the world’s most popular crypto assets including bitcoin, ETH, LTC, XRP
Automatically copy the trades of top crypto traders
Deposit using paypal + 9 other deposit options available
Access the world’s most popular crypto assets including bitcoin, ETH, LTC, XRP
Automatically copy the trades of top crypto traders
Deposit using paypal + 9 other deposit options available
Margin trading with full legal compliance
Various payment options
Margin trading with full legal compliance
Various payment options
Huge range of cryptocurrencies
2 factor authentication
Huge range of cryptocurrencies
2 factor authentication
Fully automated platform with instant transactions
A wide variety of payment options
Fully automated platform with instant transactions
A wide variety of payment options
Safe & secure cryptocurrency exchange
Liquidity accepted in over 200 countries
Safe & secure cryptocurrency exchange
Liquidity accepted in over 200 countries
Live support in 23 languages
Secure and easy to use with fast KYC process
Live support in 23 languages
Secure and easy to use with fast KYC process
What is a bitcoin broker?
A bitcoin brokerage is a middleman for buying and selling bitcoin. In the same way that you’d use a bureau de change at an airport to exchange your currency to another, a broker is a company that will buy and sell bitcoin at a fixed price. Bitcoin brokers are also one of the only options that allow you to buy a very large amount of bitcoin at a time (for instance if you want to invest £50,000 or more).
How do brokerages work?
Brokers or trading platforms allow you buy bitcoin at a set value, which the platform or broker holds for you. Technically, using this method you do not own the coin itself, rather you own the value-change of it. Therefore, its a trade. If you buy bitcoin at £1,000 and it goes up to £1,100, you could sell it and keep the extra £100. Simple really.
How do I use a bitcoin broker?
It’s easy. Just go to the broker site and it will have the current rate at which they’re selling bitcoin displayed. If you’re happy with the bitcoin price then set up an account, select how much you want to buy, then enter your payment details and get moving.
What should I look for in a broker?
Design and ease of use
The purpose of a broker is to make the process of buying bitcoin easier. You want to make sure the bitcoin broker is designed in such a way as to make it as simple as possible for you to navigate through and make your BTC purchases.
Price
Different bitcoin brokers will charge a different amount for buying bitcoin, as any commission charged by a platform will be included in the price listed, referred to as spread. To find the best rate it’s a good idea to compare multiple platforms.
Payment charges
You want to make sure you’re getting a good deal on your purchase. Depending on the platform and your chosen payment method, there could be fees of 0% to 5% of the purchase amount, with credit card being the most expensive option.
Reputation
You will want to be sure you are sending your money to a company that will not disappear with your cash. In the UK, brokers must be regulated so look out for this when reading reviews. There are many platforms that have been around for a while and have good reputations. Some of the common options you should consider include etoro and coinmama.
Variety of coins
If you want to buy more than just bitcoin, you can find brokers with a range of cryptos. Platforms will usually offer all the top coins, and will often be more than happy to assist you in buying.
Do I have to verify my identity?
Yes, you have to verify your identity to register with a bitcoin broker. Usually you’ll have to provide proof of your ID (such as a passport and a driving license) and address (such as a utility bill or bank statement). Typically you’ll have to provide a selfie of you holding your photo ID to prove it’s yours.
What’s the difference between a bitcoin broker and an exchange?
On a bitcoin exchange you buy and own bitcoin directly from other people, it’s peer-2-peer, whereas with a broker you’re buying the value of the coin from the platform. Exchanges are much more complicated to use as they have cryptocurrency price charts and constantly refreshing order lists; there’s a huge learning curve. A broker platform however handles the whole process for you and provides a fixed price.
Do brokers charge commission or fees for buying bitcoin?
Yes, but these are included in the BTC price displayed. The price advertised is the price you pay, without any percentage commission being added when you’re entering your details. The only additional fees will be if a platform charges a fee for specific payment methods (e.G. Credit cards).
Can I buy multiple cryptocurrencies through a broker?
Yes, most brokers sell a variety of cryptocurrencies, including the major coins such as bitcoin, bitcoin cash, ethereum, litecoin, and ripple at the very least.
Do I need a wallet to use a bitcoin broker?
No, as the platform holds all values for you.
Should I use brokers to buy and sell bitcoin?
Well, it depends. If you want an easy and seamless way to capitalise on the growth and price fluctuations of bitcoin, this is the best and most simple option. If however you’re looking to hold your bitcoin personally; to use, spend or otherwise – then an exchange is the better option.
Cryptocurrency trading UK for 2021
We found 11 online brokers that are appropriate for trading crypto.
Cryptocurrency trading UK guide
Cryptocurrency trading - UK
We will discuss some recommendations about 'cryptocurrency trading - UK' in this article. The first thing that should be considered is how to opt for the best platform. Safety should be a top priority while choosing a platform for making an investment from one's savings. Of course, the best platforms are those which are regulated in the united kingdom, or some other jurisdiction.
The second criteria would be to look at the list of cryptocurrencies being offered. There may be plenty of offerings available, but at least a couple of them should meet personal requirements. The next criteria, a vital one, would be to consider the cost of trading on the platform and determining the easiest process of withdrawing money from it.
Cryptocurrency trading - UK: market
Between 2015 and 2017, the 'cryptocurrency trading - UK' market surprised many with a massive price explosion. The market was highly volatile, and bitcoin's performance was spectacular. It experienced unprecedented gains and hence, the 'cryptocurrency trading - UK' market became extremely attractive, with respect to its potential as an investment vehicle.
Is cryptocurrency trading - UK a hype?
As more people are showing interest in the cryptocurrency market in the united kingdom, some are arguing that it could all just be a hype. They are correct to some extent. As other asset classes have recently yielded a maximum of about 30 percent a year, bitcoin, and a couple of other digital coins, have yielded growth of 1,000 percent. The cries of a bubble are still attracting investors, and they believe that the 'cryptocurrency trading - UK' market is currently a perfect way to expand their portfolios.
Buying cryptocurrency
The easiest trading method for cryptocurrency is to buy digital coins and hold them. Cryptocurrencies can be purchased from exchanges.
Buying vs trading cryptocurrencies
The two terms differ slightly here, as they are different than in other asset classes. When buying the coins, one needs to pay the entire traded volume. It is basically a pure investment. Trading is something that is short-term, and a trader may not need to pay the entire traded volume if trading through cfds, which are financial derivatives.
In cfds, a trader does not own the asset, but speculates on price movements. The difference between the opening and closing position is either profit or loss. If the speculation turns out to be correct, it is a profit. If not, it is a loss.
The cryptocurrencies in cfds are offered by brokers; although, mostly by online brokerage houses. They attract traders because limited capital is required to gain an exposure to a comparatively larger volume of trade.
What are cryptocurrencies?
In simple terms, cryptocurrencies are digital coins, or cash, that can be used in making payments or settlements. Most cryptocurrencies use blockchain technology to confirm double-spend protection. They are decentralized, which means they are not controlled by any central bank, country, or authority.
How cryptocurrencies work
The digital cash is also termed, 'tokens'. These are exchanged by owners in a peer-to-peer manner. There is no intermediary involved. The market defines the value of the coins, which reside on a decentralized network (sometimes centralized). Bitcoin is the first cryptocurrency, and its network is decentralized in nature. The network becomes more decentralized as more and more people stake, or mine, the coins.
Miners are in fact the backbone of the network, and stand as 'proof of work' in this ecosystem. Mining is the churning of data via specialized hardware, along with verifying and adding transactions.
Blockchain is a series of such transactions, the newest always being added to the front. Blockchain is also defined as a 'digital ledger of transactions'.
Pros and cons of bitcoin
Bitcoin has been in existence for about a decade now. It is a highly volatile asset. Over the years it has experienced several booms and busts, but undoubtedly, the coin has managed to keep the gains. It 'halfs' the total number of coins after every four years in order to keep the supply restricted and reciprocate with increased value.
How bitcoin retains its standing as the largest cryptocurrency
Bitcoin has the first-mover advantage. It has proved its feasibility since being founded, about a decade ago. It is in fact, termed as 'programmable money', and some of the biggest minds have been backing it.
Cryptocurrency trading UK verdict
'cryptocurrency trading - UK' is a fairly new phenomenon, occuring after the corona pandemic. A slight global recession and increased inflation have made investors and traders turn their attention toward digital coins. They aim at taking advantage of cryptocurrency volatility, and make money within the shortest time possible, as opposed to other asset classes. However, it is always suggested that one 'not keep all their eggs in one basket'. Cryptocurrency could work best as a small part of the overall financial portfolio.
We've collected thousands of datapoints and written a guide to help you find the best cryptocurrency trading UK for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best crypto below. You can go straight to the broker list here.
Reputable cryptocurrency trading UK checklist
There are a number of important factors to consider when picking an online crypto trading brokerage.
- Check your crypto broker has a history of at least 2 years.
- Check your crypto broker has a reasonable sized customer support of at least 15.
- Does the crypto broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your crypto broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your crypto broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your crypto can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering crypto.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below crypto.
- What you are able to trade with each brokerage.
- Trading platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers micro, standard, VIP and islamic accounts.
Top 15 crypto of 2021 compared
Here are the top crypto.
Compare crypto min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are crypto. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more crypto that accept crypto clients
Best broker for crypto daytrading
A couple of popular forex broker opened recently the opportunity to trade with bitcoin and other altcoin cfds on their platform. It is important to note that when engaging in a CFD contract for cryptocurrencies you are not holding directly any bitcoins or altcoins. A contract for difference (CFD) is a popular derivative trading asset, that enables you to speculate on the increase or decrease of the underlying assets without actually owning it. In case of a cryptocurrency CFD you can buy and sell coins just like on a cryptocurrency exchange, but without the need to wait for confirmation times on the blockchain. When engaging in daytrading, quick access to funds is crucial. On the other side, CFD trading however usually have wider spreads compared to the cryptocurrency exchanges.
You also have the opportunity to do daytrading directly using cryptocurrencies. In this case, you have to own the cryptocurrencies and deposit them to the platforms. It worth to note, that there is no option to purchase bitcoin on altcoins on many of these sites.
As for the cost, most exchanges apply a maker-taker model for the fee schedule. The market makers can trade almost free of charges, while the price takers bear the trading fees of 0.2%-0.3%. Sometimes deposits and withdrawals are charged as well if the platform accepts funds apart from cryptocurrencies. The trading spreads are an important cost factor when choosing the right platform as the frequent buy and sell can be expensive for daytrading if the spreads are wide.
Top 5 broker for cryptocurrency daytrading
Primexbt
Primexbt offers leverage up to 100:1 and is therefore one of few bitcoin brokers with such high leverage. The broker platform only covers what is needed in order to start margin trading, without any confusing extra information. The clear and simple functionality of the site is convincing for many day traders.
Basefex – basefex is another new cryptocurrency trading platform offering derivatives trading with high leverage, again even up to 100x.
The company claims to be “finally a usable platform to trade crypto derivatives”. Based on this claim they realized a simple but efficient trading platform letting day traders trade bitcoin, ethereum, EOS, litecoin, tron and a range of other major altcoins in the form of perpetual contracts for difference. The website interface of the trade section is clean and easy to understand, with the professional chart of teadingview embedded. For day traders definitely worth a try.
OVERBIT – OVERBIT can be especially interesting for cryptocurrency day traders as the broker offers quite appealing features: 0% trading fees mean that you don’t pay any fees; except for holding positions over certain hours each day, when the rollover fees (leverage funding fees) apply – at 01:00 UTC, 09:00 UTC and 17:00 UTC – the hours defining the funding intervals.
Alongside with other features such as 50:1 maximum leverage for cryptos, generous rewards, deep liquidity and a highly professionally designed platform offering a smooth trading experience, overbit is a great pick for day traders.
Bitseven – bitseven is another cryptocurrency margin trading platform with 100x maximum leverage. They claim to have 99.999% service availability. The coins that can be traded on margin are BTC, ETH, LTC, and XRP, each in the form of perpetual contracts for difference (cfds).
There are less distracting menus, links and information so it’s easier for traders to keep focus on their margin trading activities. An interesting feature of this platform is that you can open positions in both price directions at the same time. Every month they take half an hour for server maintenance, which traders should know about: it’s on the 30th of every month, 11:00 to 11:30 a.M.
Aside from their awesome website features, deribit is also known for having an insurance fund making sure that their customers are well protected. Trading fees aren’t that steep since they only charge a maker fee of 0.02% and a taker fee of 0.05% for futures and 0.04% for underlying or 0.0004 BTC/option contract making them one of the cheapest in the market today.
Etoro –etoro is something that is not seen every day when it comes to providing an alternative trading website. They combined features of a trading platform and a social network into one! The website itself is awesome, intuitive, and easy to navigate through.
When it comes to mobile capabilities, the website has enough on its back to carry mobile traders wherever they are and whenever they want; making their mobile app remarkably useful. The most amazing feature of the website is the ability to follow trading ideas of veteran traders! This will not only benefit you, but would greatly increase the copied veterans’ followers as well. On the other hand, if you are an experienced trader, you can have your trades’ public and earn by people following you. The website has an active demo account making it easier for you to test out the waters before fully committing.
Cryptocurrency daytrading
Daytrading and volatility
Daytrading is a speculative trading strategy where the buying and selling of assets happen within one day. Because of the usage of financial leverage and the rapid returns that are possible, day trading can be extremely profitable or extremely unprofitable.
The price volatility of cryptocurrencies is significantly higher compared to traditional assets on the capital markets. Even considering the volatility of alternative assets, bitcoin and the altcoins leads the board in terms of volatility. There are several factors behind the huge price fluctuations which also provide a great opportunity to earn money through daytrading.
It is always important to make sure you are familiar with the assets you are investing into. Learn about the different types of orders, derivatives and also about the various cryptocurrencies before engaging in any real trading activity. Demo accounts are best to learn about cryptocurrency trading. Don’t forget, your capital is at risk after all.
Compare the best bitcoin brokers
When it comes to bitcoin trading, you need a bitcoin broker you can trust. We’ve compared all your options to help you make the right choice.
Where can I find the best bitcoin brokers?
Right here. We have reviewed all the best and most reliable bitcoin trading platforms out there to help you buy bitcoin. Have a read through our reviews and see what you think. If you’re not ready just yet, scroll down and continue reading to learn more about choosing the best bitcoin broker.
Access the world’s most popular crypto assets including bitcoin, ETH, LTC, XRP
Automatically copy the trades of top crypto traders
Deposit using paypal + 9 other deposit options available
Access the world’s most popular crypto assets including bitcoin, ETH, LTC, XRP
Automatically copy the trades of top crypto traders
Deposit using paypal + 9 other deposit options available
Margin trading with full legal compliance
Various payment options
Margin trading with full legal compliance
Various payment options
Huge range of cryptocurrencies
2 factor authentication
Huge range of cryptocurrencies
2 factor authentication
Fully automated platform with instant transactions
A wide variety of payment options
Fully automated platform with instant transactions
A wide variety of payment options
Safe & secure cryptocurrency exchange
Liquidity accepted in over 200 countries
Safe & secure cryptocurrency exchange
Liquidity accepted in over 200 countries
Live support in 23 languages
Secure and easy to use with fast KYC process
Live support in 23 languages
Secure and easy to use with fast KYC process
What is a bitcoin broker?
A bitcoin brokerage is a middleman for buying and selling bitcoin. In the same way that you’d use a bureau de change at an airport to exchange your currency to another, a broker is a company that will buy and sell bitcoin at a fixed price. Bitcoin brokers are also one of the only options that allow you to buy a very large amount of bitcoin at a time (for instance if you want to invest £50,000 or more).
How do brokerages work?
Brokers or trading platforms allow you buy bitcoin at a set value, which the platform or broker holds for you. Technically, using this method you do not own the coin itself, rather you own the value-change of it. Therefore, its a trade. If you buy bitcoin at £1,000 and it goes up to £1,100, you could sell it and keep the extra £100. Simple really.
How do I use a bitcoin broker?
It’s easy. Just go to the broker site and it will have the current rate at which they’re selling bitcoin displayed. If you’re happy with the bitcoin price then set up an account, select how much you want to buy, then enter your payment details and get moving.
What should I look for in a broker?
Design and ease of use
The purpose of a broker is to make the process of buying bitcoin easier. You want to make sure the bitcoin broker is designed in such a way as to make it as simple as possible for you to navigate through and make your BTC purchases.
Price
Different bitcoin brokers will charge a different amount for buying bitcoin, as any commission charged by a platform will be included in the price listed, referred to as spread. To find the best rate it’s a good idea to compare multiple platforms.
Payment charges
You want to make sure you’re getting a good deal on your purchase. Depending on the platform and your chosen payment method, there could be fees of 0% to 5% of the purchase amount, with credit card being the most expensive option.
Reputation
You will want to be sure you are sending your money to a company that will not disappear with your cash. In the UK, brokers must be regulated so look out for this when reading reviews. There are many platforms that have been around for a while and have good reputations. Some of the common options you should consider include etoro and coinmama.
Variety of coins
If you want to buy more than just bitcoin, you can find brokers with a range of cryptos. Platforms will usually offer all the top coins, and will often be more than happy to assist you in buying.
Do I have to verify my identity?
Yes, you have to verify your identity to register with a bitcoin broker. Usually you’ll have to provide proof of your ID (such as a passport and a driving license) and address (such as a utility bill or bank statement). Typically you’ll have to provide a selfie of you holding your photo ID to prove it’s yours.
What’s the difference between a bitcoin broker and an exchange?
On a bitcoin exchange you buy and own bitcoin directly from other people, it’s peer-2-peer, whereas with a broker you’re buying the value of the coin from the platform. Exchanges are much more complicated to use as they have cryptocurrency price charts and constantly refreshing order lists; there’s a huge learning curve. A broker platform however handles the whole process for you and provides a fixed price.
Do brokers charge commission or fees for buying bitcoin?
Yes, but these are included in the BTC price displayed. The price advertised is the price you pay, without any percentage commission being added when you’re entering your details. The only additional fees will be if a platform charges a fee for specific payment methods (e.G. Credit cards).
Can I buy multiple cryptocurrencies through a broker?
Yes, most brokers sell a variety of cryptocurrencies, including the major coins such as bitcoin, bitcoin cash, ethereum, litecoin, and ripple at the very least.
Do I need a wallet to use a bitcoin broker?
No, as the platform holds all values for you.
Should I use brokers to buy and sell bitcoin?
Well, it depends. If you want an easy and seamless way to capitalise on the growth and price fluctuations of bitcoin, this is the best and most simple option. If however you’re looking to hold your bitcoin personally; to use, spend or otherwise – then an exchange is the better option.
JAFX is proud
to be one of the
first forex brokers
that also offers cryptocurrency
trading.
JAFX now offers the opportunity to trade a wide range of the leading cryptocurrencies. Today, digital coins are widely known and accepted to be a conventional investment option. The primary function of this new technological innovation is to make it possible for individuals to purchase, trade, and invest, without the involvement of banks or other financial institutions.
Advantages of trading cryptocurrencies with JAFX
- Start trading with $10
- 1:100 leverage
- Lightening fast execution
- Tight spreads
- Expert advisors allowed
- Low commission
- Trade as high as 10 lots
- Open multiple positions
- Hedging allowed
- Scalping allowed
- News trading allowed
- Go long or short on positions
- Margin call at 100%
- Stop out at 70%
- Micro lot trading available
Cryptocurrencies do not exist as physical coins, but instead are electronic. The technologies powering the cryptocurrency control a significant portion of its value, as we rely on this technology to identify and securely transfer money.
The very first digital coin to go mainstream was bitcoin, which continues to be the most popular cryptocurrency. However, other options such as ethereum are now highly valued in the markets. Dash and ripple, both of which are now being offered by JAFX, are also quickly becoming top options globally.
JAFX are able to offer competitive spreads and low commissions, both of which can make forex trading more profitable.
When trading cryptocurrencies with JAFX, you are actually trading on the price changes of the selected digital coin, and not physically making a purchase of the currency. When trading with JAFX, you can rest assured that you are trading with an established and reputable broker.
Cryptocurrencies can change the financial world forever, and now you can be a part of the digital coin revolution.
Current JAFX MT4 cryptocurrency pairs
| ADAUSD | DASHBTC | ETPBIT | NEOBTC | XAUTUSD |
| ALGUSD | DASHUSD | ETPUSD | NEOUSD | XLMUSD |
| ATOUSD | DOTUSD | FTTUSD | OMGBIT | XMRBTC |
| BCHBTC | EDOBIT | IOSTBIT | OMGUSD | XMRUSD |
| BCHUSD | EDOUSD | IOTABIT | QTUMBIT | XRPBIT |
| BITUSD | EOSBIT | IOTAUSD | SANBIT | XRPUSD |
| BSVUSD | EOSUSD | LEOUSD | SANUSD | XTZUSD |
| BTCUSD | ETCUSD | LINKUSD | TRXUSD | ZECBTC |
| BTGUSD | ETHBTC | LTCBTC | UNIUSD | ZECUSD |
| DAIUSD | ETHUSD | LTCUSD | USDTUSD | ZRXUSD |
We use the world’s top cryptocurrency exchanges as our liquidity providers, so you will find the spreads and volume to be quite favorable. Combining this with some of the highest leverage available for the aforementioned pairs, the execution speed of a true STP broker and top tier customer service, JAFX has become the #1 choice for high-leverage crypto traders around the world.
You can also deposit and withdraw in bitcoin with 0% fees. Please read our guide on buying bitcoin here for more details. For information on depositing and withdrawing using other methods, such as bank wire, CC, skrill, etc, and any additional information, please read our FAQ here. With the volatility of cryptocurrencies, we encourage all traders (especially new traders) to take caution when trading cryptocurrency pairs.
Trading accounts
Platforms
About us
Legal
JAFX actively blocks registrations from the united states
please check with your local jurisdiction if you are permitted to open an account with JAFX.
Website operated by JAFX ltd, the financial services centre, stoney ground, kingstown, st vincent and the grenadine.
RISK DISCLOSURE: forex trading carries a high level of risk and can result in the loss of all your investment. You must be aware of the risks and be willing to accept them in order to invest in the stock, binary options or futures markets. Don’t trade with money you can’t afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. JAFX, ITS OWNERS, AGENTS, EMPLOYEES, PROVIDERS AND COLLABORATORS ARE NOT RESPONSIBLE FOR ANY LOSSES THAT MAY RESULT FROM THE USE OF THE SERVICES OFFERED ON THIS WEBSITE.
RISK DISCLOSURE: forex trading carries a high level of risk and can result in the loss of all your investment. You must be aware of the risks and be willing to accept them in order to invest in the stock, binary options or futures markets. Don’t trade with money you can’t afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. JAFX, ITS OWNERS, AGENTS, EMPLOYEES, PROVIDERS AND COLLABORATORS ARE NOT RESPONSIBLE FOR ANY LOSSES THAT MAY RESULT FROM THE USE OF THE SERVICES OFFERED ON THIS WEBSITE.
JAFX EOOD, sofia 1463, triaditsa district, prestige business center, 49 patriarch evtimii, 4th floor, bulgaria.
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Cryptocurrency brokers – the complete trading guide
The full list of online brokers offering cryptocurrency trading, including bitcoin, litecoin, ethereum and more.
Bitcoin trading has been supported by a number of brokers for a couple of years already but this year saw an absolute explosion in the number of cryptocurrency offerings. The incredible rally in blockchain asset prices has attracted so many new companies to the crypto bandwagon – how does a trader choose who to go with?
To help, finance magnates has assembled the ultimate list of brokers offering cryptocurrency trading. We examined which top currencies they support and what the offered leverage is, so you can review the whole market in one place.
Why trade with a broker?
Most crypto investors still trade with exchanges directly, which raises the question – what is the need for a broker at all? There are several answers to this but all emanate from the issue of user experience.
Most cryptocurrency exchanges were not built with a simple trading experience in mind. As such they offer cumbersome interfaces, little support for 3rd party platforms and very limited customer support options.
If you have ever tried to contact one of the bigger exchanges with a problem that needed active support, you likely only received canned email responses that felt like corresponding with a cheap chat robot. A good broker must offer great client support so if you forget your password and can’t get a text message confirmation (2FA) you won’t completely lose your account as can happen with an exchange.
Suggested articles
The different types and styles of social trading in forexgo to article >>
Online brokers have about twenty years of experience with trading, developing platforms and ancillary services while the cryptocurrency ecosystem is still developing. If you are used to trading on the charts, from a mobile app or need all your EA robots for algo trading, a broker is the way to go.
Crypto exchanges have also fallen victim to cyber attacks, exit scams and FBI takedowns. While everyone can be hacked, at least a broker which you know and trust can provide some accountability in case anything goes wrong.
Why are FX brokers adding cryptocurrencies?
In a word, volatility. While long term investors can just buy an asset at an exchange, transfer it to a secure wallet and hold, day traders look for something else. Volatility creates many small trading opportunities which they try to capture with risking holding for long term. As such, crypto assets are magnet for short term and algo forex traders.
The major fiat currency pairs offer volatility that is literally thousands of times less than cryptocurrencies, so they can not match the excitement associated with trading them.
Beyond that, there is incredible hype right now surrounding bitcoin and ethereum in the mainstream financial media, and many clients are simply demanding access to them as a result. By offering just a few more cfds, a broker can capture a huge new market of people looking to speculate on this hot new thing that they heard about without any desire to ever use blockchain assets for anything else.
So, let's see, what we have: learn more about the best cryptocurrency trading platforms to trade your coins. Rankings are based on usability, fees and more. At cryptocurrency trading brokers
Contents
- Top forex bonus list
- Best cryptocurrency brokers
- Best crypto brokers and trading platforms:
- Best crypto brokers
- Commissions
- Account minimum
- 1. Best for social trading: etoro
- 2. Best for ease-of-use: gemini
- 3. Best for new investors: coinbase
- 4. Best for gold investments: itrustcapital
- 5. Best for high volume forex traders: cryptorocket
- 6. Best for accessibility: altrady
- 7. Best for multiple exchanges: voyager
- Crypto advantages vs. Disadvantages
- Cryptocurrency vocabulary
- Are you ready for the future?
- Best cryptocurrency brokers for 2021
- Best cryptocurrency brokers (non-US traders only)
- Plus500 – top rated trading platform
- IQ option – lowest minimum deposit ($10)
- Etoro – top crypto broker
- Highlow – best all-round crypto broker
- Nadex – US traders welcome
- Crypto brokers with most cryptocurrencies
- Lowest minimum deposit brokers
- Top rated brokers that have cryptocurrencies
- How to choose your cryptocurrency broker
- Which cryptocurrencies are you interested in trading?
- Pros and cons of cryptocurrency brokers
- Cryptocurrency brokers – what to look for
- More great features you could be interested in
- Ready to start trading?
- Best online brokers for buying and selling cryptocurrency in january 2021
- Advertiser disclosure
- How we make money.
- Editorial disclosure.
- Share
- Editorial integrity
- Key principles
- Editorial independence
- How we make money
- Where can you buy and sell cryptocurrencies?
- Overview: best brokers for cryptocurrency trading
- Bottom line
- Compare the best bitcoin brokers
- Where can I find the best bitcoin brokers?
- What is a bitcoin broker?
- How do brokerages work?
- How do I use a bitcoin broker?
- What should I look for in a broker?
- Do I have to verify my identity?
- What’s the difference between a bitcoin broker and an exchange?
- Do brokers charge commission or fees for buying bitcoin?
- Can I buy multiple cryptocurrencies through a broker?
- Do I need a wallet to use a bitcoin broker?
- Should I use brokers to buy and sell bitcoin?
- Cryptocurrency trading UK for 2021
- Cryptocurrency trading UK guide
- Cryptocurrency trading - UK
- Cryptocurrency trading - UK: market
- Is cryptocurrency trading - UK a hype?
- Buying cryptocurrency
- Buying vs trading cryptocurrencies
- What are cryptocurrencies?
- How cryptocurrencies work
- Pros and cons of bitcoin
- How bitcoin retains its standing as the largest cryptocurrency
- Cryptocurrency trading UK verdict
- Reputable cryptocurrency trading UK checklist
- Top 15 crypto of 2021 compared
- Best broker for crypto daytrading
- Top 5 broker for cryptocurrency daytrading
- Cryptocurrency daytrading
- Daytrading and volatility
- Compare the best bitcoin brokers
- Where can I find the best bitcoin brokers?
- What is a bitcoin broker?
- How do brokerages work?
- How do I use a bitcoin broker?
- What should I look for in a broker?
- Do I have to verify my identity?
- What’s the difference between a bitcoin broker and an exchange?
- Do brokers charge commission or fees for buying bitcoin?
- Can I buy multiple cryptocurrencies through a broker?
- Do I need a wallet to use a bitcoin broker?
- Should I use brokers to buy and sell bitcoin?
- JAFX is proud to be one of the first forex brokers that also offers...
- Cryptocurrencies do not exist as physical coins, but instead are electronic. The...
- JAFX are able to offer competitive spreads and low commissions, both of which can make...
- Current JAFX MT4 cryptocurrency pairs
- Cryptocurrency brokers – the complete trading guide
- The full list of online brokers offering cryptocurrency trading, including bitcoin, litecoin,...
- Why trade with a broker?
- Suggested articles
- Why are FX brokers adding cryptocurrencies?
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