Best crypto currency broker
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.
Top forex bonus list
Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades. 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.
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 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.
Top 10 online cryptocurrency trading brokers
The pioneer of social trading is now offering an exclusive opportunity for investors who want exposure to the most popular cryptocurrencies like bitcoin, dash, ethereum and more. Trade crypto 24/7 at etoro with no rollover fees!
- World's leading social trading platform
- Proven track record of security
- Unlimited daily withdrawals
- Min. Deposit of $200 to get started
- Instant trade execution
With over 30 years of trading experience and trades in over 50 countries, city index is a leader in spread betting, CFD and forex trading. Trade in 12,000+ global markets including bitcoin, indices, shares, forex and much more.
- Trade on 12,000+ markets including bitcoin
- Trade anytime, anywhere. Across all devices
- Risk management & transparent pricing
- Fast execution on every trade
Thanks to an excellent reputation, high trading standards, and multilingual customer care, avatrade has become one of the industries leading brokers. Offering highly competitive spreads on a wide variety of trading investments.
- Get up to
14,000 bonus - No commission/no exchange fees
- Trade a wide variety of crypto cfds
With markets.Com get ZERO commission trading on cryptocurrency, forex and commodity cfds with one of the most sophisticated trading platforms in the industry.
- No commission trading
- Use paypal to trade bitcoin futures
- Advanced innovative trading platforms
Easymarkets was formed by bankers and forex experts and has been serving the forex market for 16 years, with transparent pricing, fixed spreads and no commissions on deposits or withdrawals. Now with cryptocurrency cfds!
- Demo account is unlimited
- Trade bitcoin with no slippage - ever!
- No commissions or sneaky fees
T&C's apply to each of the offers above, click "visit site" for more details.
Risk warning: users should be aware that all investment markets carry inherent risks, and past performance does not assure future results. Trading of any kind is a high-risk activity, and you could lose more than you initially deposited. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-89% of retail investor accounts lose money when trading cfds. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser disclosure: topbrokers.Trade is an independent professional comparison site funded by referral fees. The compensation topbrokers.Trade receives is derived from the companies and advertisements featured on the site. Due to this compensation, we can provide our users with a free comparison tool. Unfortunately we are unable to list every broker or exchange available, however, we do our best to review as many as possible.
The pioneer of social trading is now offering an exclusive opportunity for investors who want exposure to the most popular cryptocurrencies like bitcoin, dash, ethereum and more. Trade crypto 24/7 at etoro with no rollover fees!
With over 30 years of trading experience and trades in over 50 countries, city index is a leader in spread betting, CFD and forex trading. Trade in 12,000+ global markets including bitcoin, indices, shares, forex and much more.
Thanks to an excellent reputation, high trading standards, and multilingual customer care, avatrade has become one of the industries leading brokers. Offering highly competitive spreads on a wide variety of trading investments.
How to get started in cryptocurrency trading
As the trade volumes are reaching billions of dollars a day and the market caps are hitting tens of billions of dollars, it is no wonder that cryptocurrencies fuel the modern day gold rush. Today is an age of digital currencies, with hundreds of cryptocurrencies birthed within the decade. There are already more than a thousand cryptocurrencies in the market, and almost daily a new initial coin offering (ICO) appears.
What is cryptocurrency?
Today, the most famous cryptocurrency is bitcoin. Its inventor attempted to build a “peer-to-peer electronic cash system”. Many have tried this system many times before. However, the main difference between bitcoin and the previous efforts, like digicash, was that it was to be entirely decentralized. Since no overarching entity is controlling the currency, the notion of “trust” would be eliminated from the system.
To combat “double spending”, the major problem in all the digital cash systems at that point, satoshi nakamoto, bitcoin’s inventor, proposed the blockchain technology. The blockchain technology is a revolutionary technology that records all the transactions made with this currency.
For any single balance, transaction, or change to the network to take place, there needs to be a consensus amongst those who validate the network – the miners. Since the invention of bitcoin, many programmers have attempted to use the model and change it to provide what they consider a more functional form of digital cash.
The other kinds of cryptocurrencies include monero, new economy movement, litecoin, and ether. Many of these cryptocurrency efforts tailor their currency for an individual and particular purpose. Some of the most common purposes are speed, privacy, and price.
What are cryptocurrencies used for?
Since cryptocurrency is such a new technology, it may be that people have not used it yet for its eventual use. Still, today people utilize it for many various purposes. These purposes include, but aren’t limited to the following: trading, remittances, payment for goods and services, investment, gambling, private monetary transactions, and as a hedge against national currencies which are suffering from rapid devaluation (greece, venezuela for example).
As the whole cryptocurrency space begins to expand, it’s likely that we will see some additional applications joining the list of purposes for the crypto currency. There are already young services such as steemit, which aims to revolutionize the way people pay for content on social media, in addition to services like musicoin which attempts to find a more equitable way to pay artists without the need for a middleman.
What is the difference between bitcoin and ethereum?
All cryptocurrencies have their own characteristics. However, recently one coin has come to challenge bitcoin more than ever before. Ethereum is the new player on the market. The reasons that it is a challenge to bitcoin are easy to understand.
Ethereum emerged as an effort to try to correct some of the main criticisms made towards bitcoin – especially regarding security.
What ethereum has accomplished to do was to provide transactions that are safer, more flexible contracts that are compatible with any wallet, with short block times for negotiating (where the confirmations are easier). Also, ethereum is available more than bitcoin. Whereas more than two-thirds of bitcoin has already been mined, access to ethereum is still widely available. Another main difference between these two cryptocurrencies is that ethereum allows for different developers to raise funds for their projects. It can, therefore, be in itself a kickstarter for some projects.
One of the main advantages to ethereum is that it’s a more secure, easy to use, flexible, and transact coin. In addition to this advantage, it has brought innovations in terms of entrepreneurship and investment. And this is posing a serious challenge to bitcoin’s market cap.
What is the difference between a cryptocurrency exchange and a cryptocurrency broker?
You can invest in cryptocurrency in two ways. First, cryptocurrency can be bought and sold at a cryptocurrency exchange and stored in a digital wallet. The second method would be to invest in crypto as a CFD with regulated cryptocurrency brokers. With CFD cryptocurrency trading, the digital currency is treated as a speculative investment and traded as a contract for difference (or CFD), through brokers.
Platforms that allow traders to buy and sell cryptocurrencies are cryptocurrency exchanges. Dues to the fact that it is a very recent – and booming – market, the majority of these platforms are relatively new. But, of course, one of the essential questions that people ask is how to know if a particular platform is safe or not.
The only way that you can find out is to check if the exchange provides transparent data of the coins that are in cold storage. What this means is, whether it has the reserves that it requires to provide liquidity to its activities. You can find check this easily by checking whether an exchange is regulated or not.
Trade cryptocurrency online using CFD services
If you are interested in trading because of the opportunity to profit from the incredible volatility of cryptocurrency, your best option is to use an online trading platform that allows CFD services. Currently, there are very few CFD platforms that allow this kind of trade, so to see available options refer to our recommendations above.
CFD brokers are a great option if you want to trade cryptocurrencies with the option to accept multiple forms of payment. If you want to buy cryptocurrency with paypal, you can, and these forums also accept major credit cards and wire transfers as well. Furthermore, if you choose to trade through a forex or CFD platform, you will pay the lowest commissions possible. That is in comparison to other investment alternatives. CFD and forex companies use an exchange rate that is an aggregate of different crypto exchanges.
Trading cryptocurrencies – getting started with cfds (contracts for differences)
Cryptocurrency cfds allow you to trade digital coins without actually owning any. Crypto cfds were generated to give traders exposure to the cryptocurrency market without the need for ownership.
Contracts for differences, also known as “cfds,” represent a contract between trader and exchange. Cfds declare that the difference between the price on entry and the price on exit will be a trader’s profit or loss. Basically, cfds are an agreement held between two parties that simulate an actual asset.
How to make money trading crypto
There are several ways to make money cryptocurrency trading. The most popular is trading bitcoin against the US dollar, known in market terms as the BTC/USD pair. The first method is to find a top cryptocurrency broker and to invest in a digital currency in the same way that you would do with a physical currency – by buying low and selling high. Since cryptocurrency is highly volatile, you should be able to identify the dip with studying and market research.
Read on to learn how to find the best cryptocurrency brokers. Be sure to review the platforms we suggest above, all are fully-registered and come highly recommended. For additional information regarding trading cryptocurrency as a CFD, check out our guide on “the basics of cfds“. It’s important that you remember that leverage works both ways and it will magnify the gains and losses.
How to choose the best cryptocurrency trading broker online
Because there’s so much competition in the market as well as having countless cryptocurrency brokers to choose from, it can be difficult to know which option will be best for you. Here are a few key points we suggest keeping in mind when deciding how to best invest:
Regulation
Each country has its own regulatory body. The regulatory body develops rules, services and programs to protect the integrity of the market. The regulators protect traders, and investors as well as the cryptocurrency brokers themselves. Their main obligation is to help members meet regulatory responsibilities. Due to potential safety concerns regarding deposit, you should exclusively open accounts with regulated firms.
Customer service
Cryptocurrency trading takes place 24 hrs a day, so customer support should be available at all times. Ideally, you will want to speak with a live support person rather than a time-consuming auto-attendant. Give a call to the customer service centre to get an idea of the type of customer service provided. Check on wait times and find out the representative’s ability to answer questions regarding spreads and leverage, trade volume, and company details.
Account types
Your ideal cryptocurrency trading broker should be able to offer either multiple account options or an element of customizability. Look for cryptocurrency brokers that offer competitive spreads and easy deposits/withdrawals.
Currency pairs
Cryptocurrency brokers can provide a selection of cryptocurrency pairs. However, it is most important is that they provide the variety of pairs that interest you. While there are many digital currencies available for trading, there are only a few get the majority of the attention, and as the result, trade with the highest liquidity.
Platform type
The trading platform is the investor’s portal to the markets. With that in mind, look for a platform that’s easy to use, straightforward and offers an advanced collection of analytical and technical and tools. These features will help to enhance your trading experience.
Here at topbrokers.Trade, we take pride in providing the best possible trading brokers comparison, reviews and ratings. These reviews enable you to select the best trading platform for your needs. We don’t just help you to pick a great place to trade, but also do everything that we can, to show you how to get started. For more information on cryptocurrencies, please see our tutorial: the basics of cryptocurrency
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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.
The 5 best cryptocurrency trading apps
As cryptocurrency markets continue to rise in value, now is the time to stop
delaying and make a serious profit from bitcoin investment. These are the best crypto apps
for easily managing transactions and staying on top of the markets for maximum ROI.
The 5 best cryptocurrency trading apps
How do blockchain apps make money? It’s all down to the incredible rise in the value of cryptocurrency stock continuing to reach new heights every year. So it’s no surprise that more people want to take a chance like mr bet and invest in this digital gold rush. However, many would-be investors might not be familiar with acquiring and trading stocks. This is where good crypto apps come in. They let us easily buy and sell crypto stocks with just a few clicks. As the market around cryptocurrency has exploded, so has the number of different crypto apps available to smartphone users. Some are great, while others come with a lot of questions, so here’s a rundown of the 5 best crypto apps to ensure smooth trading that keeps your investment secure.
1. Coinbase
Coinbase was one of the first cryptocurrency apps to emerge back in 2012, long before the stock price had reached the dazzling heights of today. Consequently, it has a big share of the trading app market, which has been justified thanks to a really user-friendly interface and some very helpful features. If you’re jumping into the crypto trading game for the very first time, then coinbase is probably the first choice of all the crypto apps to start with. Once you’ve verified your account, you can link your bank account or any major debit and credit card for payments. If you’re a beginner, then coinbase has a great pool of educational resources to get you up to speed on the fundamentals of crypto apps trading. You pay a transaction fee of $0.99 on each trade along with a sale commission of 0.5%. It’s a reasonable value for money, especially with features on offer like easy transfers between your different coinbase wallets and a real-time cryptocurrency watch list.
2. Gemini
For a lean and agile example of legit bitcoin apps, look no further than gemini. A simple and intuitive interface hides a very powerful toolkit to enable users to stay on top of crypto market activity at all times. Real-time asset and market tracking provide your eyes and ears as to movements in crypto stocks, and an option for price alerts means you can act immediately on shifts in the market. You can also set up a schedule to execute recurring buys if you want your crypto apps to go for a long investment in a particular currency. It’s free to create an account, and commissions run to 0.25% or less on each trade. If you’re a casual investor who wants to buy some currency and leave it to sit for a year in your crypto apps, then these features won’t be of much interest. But if you’re planning on micro-managing your portfolio day-to-day, then gemini is an excellent choice.
3. Robinhood
While not one of the specialized crypto apps, robinhood’s intuitive interface makes trading stress-free and has helped hundreds of thousands of casual investors get involved in stock trading. It’s an attractive choice for those wanting to add some mainstream crypto stocks to their portfolio, and your bitcoins arrive in your crypto apps’ account immediately following a purchase, where with other providers, they could take days to show up. Robinhood has its limitations as a crypto trading platform. Trading is only available on 7 of the biggest cryptocurrencies like bitcoin and ethereum, so if you want to find emerging markets to unlock, then this app will be of limited appeal. In addition, all your investment apps’ blockchain data are kept on the platform until the time comes to sell or withdraw. If you’re all about the freedom to transfer cryptocurrencies from wallet to wallet, then robinhood may not be the app for you.
4. Binance
Binance is one of the new players in the world of crypto apps, having only opened up shop in 2017. It’s all the more impressive, then, that today it’s actually the biggest crypto trading platform by the sheer volume of transactions. Part of this comes down to binance’s global reach that supports worldwide trading providing the platform with a bigger audience than other crypto apps. Quantity may possibly have come at the expense of quality since binance’s interface is a bit fiddlier than its competitors. However, you’ll still be able to easily make transactions in the app for day-to-day trading activities. The company’s reputation took a hit in 2019 when it fell victim to a massive hack. Fortunately, the company learned from this mistake, and security is now binance’s number one priority: one of the biggest positives of using the app is that insurance funds now protect users’ investments in case of future breaches. It’s a great example of blockchain apps admitting to their faults and working hard to improve service. If you want a truly international crypto platform with a huge range of markets, binance may be the service you’re looking for.
5. Etoro
Etoro is almost as much a social network as it is a trading platform, with a huge community of crypto apps enthusiasts who enjoy nothing more than sharing investment strategies and stock tips with each other. It’s like using crypto news apps whilst simultaneously being able to trade on the same platform. Etoro has a lot to differentiate itself from the competitors. Upon opening a new account, users will get $100,000 virtual dollars to practice with on the markets, so you can see how your instincts boost your virtual portfolio before you go on to risk any real money. There’s a wealth of crypto apps market on offer and a really robust toolkit for people who are all about customizing their trading setup. Furthermore, there are no withdrawal limits, and depositing is a breeze. The account minimum of $200 USD means etoro is perhaps unsuitable for a first-time investor looking to dabble with crypto markets. But for a seasoned bitcoin investor, etoro has plenty to recommend it above other crypto apps.
Conclusion: vote with your wallet
We’ve looked at the very best bitcoin apps to suit first-time investors and veteran crypto traders alike. There’s no telling when the worldwide crypto apps boom will come to an end, but the markets still continue to rise in shameless defiance of the critics. There’s still time to make a lot of money from crypto speculation, but the longer you leave it, the higher the buy-in price. Grab one of these great crypto apps and start growing your portfolio today. What are blockchain apps that we’d recommend for crypto trading? For beginners, try coinbase, then go from there. Are there any essential crypto apps that we left out? Let us know in the comments section below.
Author’s bio:
Ellen royce is a finance and economics expert who likes documenting her thoughts in the form of articles to enlighten the masses. She is also interested in new technology, innovations, and inventions and how they transform our lives. Ellen does research and interacts with stakeholders to bring information to her audience.
Fxdailyreport.Com
The prices of cryptocurrencies have zoomed this year and many investors have started focusing on these digital assets. Investors have a couple of options to trade in cryptocurrencies. The first option is to use the cryptocurrency exchanges which allow traders to swap fiat currency such as dollar and euro for the digital currency, or digital currency for digital currency. Another option is to use the online forex brokers’ platforms for trading cryptocurrency cfds or pairs such as USD/BTC, EUR/BTC, etc. The aim of this post is to list out the top 10 cryptocurrency trading platforms.
Best cryptocurrency trading platforms 2021
Etoro, a multi-asset and social trading brokerage, has registered offices in israel, the UK and cyprus. The brokerage has a worldwide reach and is regulated in all the markets.
Retailfx came into existence in 2006 in tel aviv. Etoro openbook was set up in 2010 with the copy trading feature as a social investment platform, enabling traders to follow, view, and replicate the trades of top investors in the network.
Etoro boasts of more than four million active users and allows individuals to trade in forex, stock cfds, and cryptocurrencies.
IQ option may not be most well-known or the biggest platform, but it is growing very fast. The platform offers trading in all of the popular assets and up to 25 percent leverage. In addition, IQ option provides a multi-chart layout, historical quotes, and technical analysis across multiple platforms, including desktop, mobile, and tablet. The brokerage also offers excellent support which includes volatility alerts, stock screeners, calendars, newsletters, and market updates.
Founded in 2007, instaforex has more than 7,000,000 clients and is a well-established investment firm. Instaforex provides support services in more than 27 languages and the platform can be used by newbies and professional traders. The online forex trading platform provider makes available 7 asset classes, 16 platforms, and more than 300 instruments for trading. Clients can trade forex, commodities, precious metals, equity indices, individual stocks, energies, and cryptocurrencies. Instaforex has its registered office in russia and is regulated by RAFMM; and cysec, cyprus.
The hong kong-based cryptocurrency exchange binance charges very low fees of just 0.1 percent per trade. This platform does not only support several coins but also provides services in multiple languages, including chinese, english, korean, japanese, russian, french, and spanish. Binance primarily focuses on the china market and chinese coins. To fund the development of the exchange, it created the binance token (BNB) during the initial coin offering (ICO) event.
Coinmama, an exchange located in israel, specializes in enabling the purchase of bitcoin using credit/debit cards. The services offered by this bitcoin exchange are available in many countries around the world. The buying limit set by the exchange is higher compared to other exchanges. Bitcoins can be purchased for cash and on payments through the western union. However, the fee charged by the exchange is slightly on the higher side.
The bitcoin exchange cex.Io allows users to buy the cryptocurrency for low fees using credit cards. Purchases can also be made for free through bank transfers. The services offered by this exchange are available in many countries around the world, except a few specified by the platform provider. On the basis of verification, cex.Io offers four account levels with different buying limits. This bitcoin exchange operates as a registered company in all of the districts in which it is present.
Cex.Io combines crypto to crypto exchanges, fiat to bitcoin exchange, and a mining pool. The company also offers trades in mining contracts or bitcoin mining equipment rights for a specified period of time. In addition, the exchange offers USD/BTC and EUR/BTC pairs along with several crypto/crypto pairs.
Coinbase is the best option for first-time cryptocurrency buyers. The exchange’s interface is very user-friendly and this makes it easy for anyone to buy bitcoin, ethereum, or litecoin. Most cryptocurrencies have to be bought with bitcoin. Therefore, coinbase provides a good entry point for buying bitcoin or other cryptocurrencies. Coinbase allows clients from canada, the UK, the USA, europe, australia, and singapore to buy bitcoin, litecoin, and ether using either a bank account or credit card. A fee of 3.99 percent is charged when buying using a credit card and 1.49 percent when buying through bank transfer.
In forex trading, avatrade is by far the most recognized online currency trading platform provider. The regulated forex broker is dedicated to providing customized trading solutions to its clients irrespective of their prior knowledge or experience.
It is easy to open an account on the avatrade’s platform and you can be up and trading in a matter of minutes. The greatest advantage of working with avatrade is that the broker provides a large amount of educational material, especially to those who are not very conversant with trading. The online forex broker offers more than 250 trading instruments, including fiat currency, cryptocurrency, bonds, and cfds.
Yobit.Net was founded in russia and introduced through a forum in 2015. It caters to russian, english, and chinese traders. The bitcoin exchange accepts payments only in the fiat currency USD. In order to purchase bitcoins, the client should transfer funds in USD to his/her the account. Yobit.Net offers a wide range of cryptocurrencies such as BTC, ETH, DASH, XBY, and DOGE, among others. Trading on this platform is very easy, even for those who are new to cryptocurrencies.
Cryptopia limited, a well-known name in the market, offers free wallet and a spot trading platform with a lot of features for trading cryptocurrencies like bitcoin, ethereum, litecoin, dogecoin, cannabiscoin (CANN), electroneum (ETN), verge (XVG), digibyte (DGB), and many more (totals 1644 markets in CRYPTOPIA). The trading fee on cryptopia is 0.20% of the total BTC or crypto currency traded.
Kucoin is one of best multi-cryptocurrency exchange and trading platform with service centers based in hongkong. Kucoin exchange offers pairs for trading such as raiblocks (XRB/BTC), red pulse (RPX/BTC), canya (CAN/BTC), BTC/ETH, NEO/BTC, BTC/LTC, UTRUST (UTK/BTC), ethlend (LEND/BTC), bitcoin cash (BCH/BTC), etc (more than 69 BTC pairs). Kucoin charges a flat fee of 0.1% per trade, it also provides users with a mobile app available for android and ios.
The best brokers for crypto trading in 2021
Choosing the best forex brokers for crypto trading in 2020 can be difficult. Have you found yourself inundated with brokers promising you the ‘greatest’ cryptocurrency trading experience possible?
The excellent news is that our experts are here to help. We’ve done all the hard work for you. By testing and reviewing hundreds of cryptocurrency brokers, we’ve managed to create a complete list of only the very best. Any broker you choose from our list of best cryptocurrency brokers will be safe and reputable. They also all offer plenty of cryptocurrency trading opportunities, fair fees, and proficient platforms.
This page also provides you with expert advice on crypto trading, to ensure that you have all the information you need to get started. Check out our list of the best forex brokers for crypto trading below or read on to learn more about:
- How we choose the best cryptocurrency brokers
- How to claim cryptocurrency trading bonuses
- Which are the best crypto trading platforms
- How to trade cryptocurrencies on mobile
The best crypto brokers for 2020
How we find the best brokers for crypto trading
To find the best brokers for crypto trading, our team of experts has developed a rigorous review methodology based on many years of professional experience.
Our unique approach comprises analyzing 200 points across 10 key categories for each broker. We look at everything from licensing and a broker’s reputation to the quality of educational materials they offer and the fees they charge.
We understand that not every category holds the same weight for an impressive trading experience, which is why we assign each a different level of importance when calculating the final score. For example, licensing and regulation contribute far more to the score than educational materials.
When analyzing brokers for cryptocurrency trading, we also look at features important to you as a crypto trader, such as:
- Extensive crypto pairs and CFD options
We look for brokers who offer you a variety of crypto trading options, such as being able to trade crypto coins against other crypto coins, like the BTC/XRP, cryptos against fiat currencies, like BTC/USD, and cryptos against commodities, like BTC/gold.
Our top brokers also allow you to trade crypto cfds and provide opportunities to make physical crypto trades too. With physical crypto trading, you’ll be able to buy cryptocurrency coins and sell them at a later date.
- A wide range of different coins
The best forex brokers for crypto trading must offer a variety of coins for you to trade. We look for brokers who offer the most popular coins, including bitcoin, ripple, ethereum, litecoin, and so on.
We also check to make sure they offer some alternative coins too, such as quantum, steem, stellar, and more. This ensures you have plenty of trading opportunities.
- Accessible paymentmethods
We look for brokers who accept deposits in BTC, and other cryptos, and allow for crypto withdrawals too. If you prefer sticking to fiat currencies, you can rest assured our top crypto brokers also support traditional payment methods such as credit/debit cards, bank transfers and e-wallets.
- Excellent tradingplatforms
As cryptocurrency trading demands different trading conditions to forex, we make sure all of our recommended brokers offer efficient and user-friendly trading platforms. We also make sure that these platforms are customizable and offer you all the tools and indicators you need to succeed.
- 24/7 customer support
The crypto market is not centralized like the forex market, so it never closes. This means that you need access to round the clock support should anything go wrong. All of our best brokers offer friendly and knowledgeable account managers who are ready to help you whenever you need them.
Discover our top cryptocurrency brokers
Our team of experts has conducted comprehensive reviews to find the best brokers for crypto trading. We’ve analyzed these brokers from front to back and tested the services they offer to ensure their marketing aligns with reality.
Only the most reputable brokers that offer an outstanding trading experience have made it onto our list of the best brokers for crypto trading. Below you can learn more about our top 3 brokers for cryptocurrency trading.
Etoro
Plus500
Do cryptocurrency brokers offer trading bonuses?
Some forex brokers offer bonuses, depending on which authority regulates the broker and where they offer their services. In the european union, the law doesn’t permit brokers to offer bonuses however, outside the EU, many brokers offer attractive bonuses to new and existing clients regularly.
If you choose one of our recommended brokers for crypto trading, you can expect to enjoy these great bonuses too. Some of the bonuses available include:
- No-deposit bonuses – these bonuses are for new clients and you will receive the incentive without having to make a deposit.
- Deposit bonus – you will receive a deposit bonus when, as the name suggests, you make a deposit with a top cryptocurrency broker. The bonus is usually worth a percentage of the amount you deposit. These bonuses may be limited to your first deposit only or as part of an ongoing promotion for any deposit you make. Some brokers will require a specific minimum deposit for you to be eligible for the bonus.
- Loyalty bonus – the best cryptocurrency brokers offer this type of bonus to existing customers. The size of the bonus you can claim is usually calculated based on your trading activity.
- Referral bonus – in this case, you will receive a bonus for every person you refer who opens an account and makes a deposit.
All trading bonuses are subject to terms and conditions. For example, some brokers require you to conduct a certain volume of trades before you can withdraw the bonus, while others won’t let you withdraw the bonus at all.
Discover the best crypto trading platforms
Whilst you can trade crypto using a broker, you may need to use a different trading platform. Crypto is different from currency pairs. As there’s no centralized market, the setup isn’t quite the same.
For example, metatrader 4 can only handle crypto trading if the broker makes some adjustments to the code. In contrast, you can use a platform like metatrader 5 to trade crypto immediately. Many brokers also offer their own proprietary platforms that you can use for cryptocurrency trading.
Metatrader 5
Metatrader 5 allows you to trade cryptocurrencies and other assets including currency pairs. To trade crypto using MT5, you need to open an account with your broker. Once this has been done, you can log in to MT5 using the details provided. You’ll then need to right-click on the market watch window and go to the symbols tab. Select crypto from the list, then click show. MT5 will add all the crypto-based instruments your broker offers to the list.
The biggest advantage of using MT5 to trade cryptocurrencies is that it offers all of the same amazing charting and analytical tools as MT4. If you already trade forex, you’re likely to already familiar be familiar with metatrader too, which means the learning curve is minimal. If you have a diverse trading portfolio, MT5 is also beneficial as you can view all of your positions at once. This allows you to flick between monitoring your cryptocurrency, currency and other asset trades.
Proprietary crypto trading platforms
Some of the best forex brokers for crypto trading have developed their own trading platforms that also support trading crypto coins. These platforms are very user friendly and offer all the tools you could need to trade effectively. Like metatrader 5, they also allow you to trade a wide range of instruments from the same platform, making it easier for you to diversify your trading portfolio without having to use multiple systems to trade.
Other benefits of proprietary trading platforms include:
- You don’t have to open multiple e-wallets to trade different cryptocurrencies
- You can trade multiple crypto-based instruments and not just the coins themselves
- You can withdraw your money easily, which can be a challenge with a standard crypto exchange
Etoro, for example, has built an outstanding trading platform. It’s easy to use, very intuitive and includes all the tools you need to trade effectively. The platform also allows you to take advantage of a robust social trading program, which can be highly beneficial if you’re still learning how to trade.
Trading cryptocurrencies on mobile
If you want to use one of our best forex brokers for crypto trading on mobile, you’re in luck. All of the best cryptocurrency brokers offer a mobile counterpart so that you needn’t stop trading even when you’re on the go. You can download MT5 on both android and ios, and many of the best proprietary trading platforms are also available as native apps.
Best cryptocurrency brokers to use in 2021
Crypto trading is no longer a thing for the high and mighty. It is not a super risky-affair either. Any ordinary person willing to think outside the box can trade coins and make a killing from them. One of the best secrets to trading online coins is choosing the best cryptocurrency brokers. There are countless options to choose from. Here’s a pick of the best five:
IMAGE: UNSPLASH
1. Fxopen
If you are looking for the best crypto broker for mt4, fxopen has got you covered. It started out as an educational center for a couple of financial market courses. In 2005, it was transformed into a global brokerage with entities across the planet.
The broker trades on MT4, MT5, and ticktrader platforms. It offers a range of trading accounts for both rookies and advanced traders. You can trade on ECN, micro and crypto accounts, islamic swap-free accounts, and STP.
With fxopen.Com, you also get to enjoy trading free commission of micro and STP accounts. The other benefit is its impressively low commission on the ECN account. Last but not least, fxopen provides traders with plenty of educational articles via their blog. Just like any other top broker, customer support is available to traders 24/5.
2. Tenkofx
The next mt4 cryptocurrency broker on this list is tenkofx. This one was founded in belize in the year 2012. It utilizes STP and ECN as its execution models. Tenkofx capitalizes on having self-developed trading solutions.
The exchange offers amazing tight spreads, transparent modeling, a minimum deposit of $10, and the option of carrying out automated trades. The best part about the cryptocurrency broker is that it runs on two of the most convenient and renowned platforms; mt4 and c trader.
There are also several options when it comes to depositing funds (credit and debit cards, bank transfers, online payment systems like QIWI, skrill, and neteller). Finally, tenkofx allows you to trade on a wide range of instruments, including currency pairs, precious metals, oil, indices, futures, stocks, and more.
3. Etoro
Etoro burst into the trading scene in 2007. With a huge customer base of approximately 11 million investors and operations in over 140 countries, this platform is a pretty big deal. Etoro’s selling point is the social trading feature, which basically allows traders to connect and interact with each other similar to social media profiles. The platform lets you engage with your peers via the social feed, messaging feature, and several other add-ons. Etoro is also user-friendly.
Opening an account is a fast and straightforward process. Its website and mobile trading app are also user-friendly. Additionally, this broker is multi-asset and offers access to 2,000 different assets such as traditional currencies, cryptocurrencies, indices, etfs, commodities, stocks, and more.
The beauty with it is that you can invest with or without leverage and choose short or long-term investments. Please note that etoro is not an mt4 cryptocurrency broker. It offers a fully customized platform to suit the needs it traders.
4. Coinbase
Coinbase needs a minimal introduction. It is one of the leading crypto trading platforms in america and the rest of the world. Like tenkofx, coinbase was launched in 2012. It is licensed and regulated in the US. Initially, the broker offered bitcoin as the only currency assets.
However, the broker now accepts a number of other crypto coins like litecoin, ethereum, bitcoin cash, etc. The exchange presents many products such as crypto investments, wallets for retail traders, advanced trading, and its very own dollar stable coin.
The advantages of using coinbase include impressively high liquidity, a simple-to-use interface, and a wide variety of altcoin options. Unfortunately, coinbase can be quite pricey, especially when trading with coinbase pro.
5. Xbtce
Lying somewhere between a forex broker and a crypto broker, the xbtce is a distinct exchange. The platform, founded in 2015, aggregates orders from a number of trading venues and uses them to offer a tight order book. Traders can then access the book through a “cash account” or a “margin account”. The former is a standard account, and the latter the kind to trade with leverage.
Xbtce is popular for being unique and offering competitive trading fees. No doubt, the costs of cash account trading on the exchange are quite friendly. If you are a bigger trader, you’ll enjoy even lower fees. The broker utilizes three platforms, namely their web-based platform, thicktrader, and meta trader 4.
Choosing the best mt4 crypto broker can make or break your investment efforts as a crypto trader. You want to work with a reputable broker that will safeguard your interests as an investor. Do your research before jumping into anything.
If you are interested in even more business-related articles and information from us here at bit rebels, then we have a lot to choose from.
7 best cryptocurrency trading sites for beginners [updated list]
Disclosure: this post may contain affiliate links, which means we may receive a commission if you click a link and purchase something that we recommended. Read about affiliate disclosure here.
Here is the best crypto trading platform:
- Binance
- CEX
- Bybit
- Bitfinex
- Coinbase
- Kucoin
- Changelly
The cryptoland is perpetually heating up and more and more newbies are joining this crypto revolution every day. While some are in the cryptosphere for the money, others are in it for the technology, like the coinsutra team.
Whatever your reasons to get involved maybe, you need to remember that every person excelling in their respective fields was once a beginner. And from there on, with the right resources and self-education, that person succeeded.
On similar lines, coinsutra is and wants to be your one-stop solution for all crypto-related queries if you are just beginning your journey in the cryptoland and help you become a pro at handling cryptocurrencies.
We have been here for well over one year and have done pretty well in reaching out to more than 2 million people like you. And that’s the same reason I am here again today – to tell you about some of the best crypto trading websites/exchanges for beginners.
When I started, as a beginner, I was pretty clear on what I wanted before choosing a cryptocurrency trading website/exchange. It included:
- Ease of usage and UI
- Security of funds
- Past performance
- Development team
- Geographical operations map
And to this date, I look at them the same way.
Keeping those parameters in mind, let me throw some light on the best websites to trade your cryptos.
7 best crypto-trading websites for beginners:
1. Binance
Binance exchange now needs no introduction as it has been ruling the crypto market for months.
This exchange is good for beginners and advanced users alike. They also have an inbuilt option in their UI to switch between the two modes, a feature that makes their UI very user-friendly.
Also, you will never face a liquidity issue while using binance because it constantly ranks in the top 5 exchanges on CMC by volume.
In addition to that, if you use their native BNB tokens while trading you can have a discount of up to 50% in your trading fees, which is a big amount if you’re looking to become a full-time crypto trader. The sooner you start via BNB, the more you will save in the longer run. (buy BNB tokens now)
And the coolest thing that I found was that they have the most advanced and easy to use mobile apps for trading cryptocurrencies on android as well as ios.(android app | download ios app)
2. CEX.Io
CEX.Io is another reputed website for buying/selling cryptocurrencies for beginners because their UI is very easy to use and their past track record has been pretty good too.
CEX is a UK-based exchange and has been operating since 2013.
Similar to coinbase, you can deposit fiat currencies like EUR, GBP, USD, RUB etc on CEX too and buy/sell crypto currencies like bitcoin, bitcoin cash, ethereum, stellar, and ripple.
In terms of liquidity too, they are doing well, not to forget that their main traffic is from fiat currencies. (they are in top 35 cryptocurrency exchange as per CMC).
Their feature of letting users buy cryptocurrencies via debit/credit card also makes it an easy to use option for many beginners.
You can buy cryptos by following these simple steps (taken an example of ethereum):
- Register at CEX.
- Go to cards.
- Configure your credit/debit card.
- Verify your credit/debit card.
- Select the amount of ethereum to buy/sell.
- Exchange your currency for ethereum.
The card verification takes 24-48 hours, but post that, you can buy ETH instantly. That’s why we recommend you keep your card configured in CEX even if you don’t have immediate plans to buy ETH.
Here is a video guide to help you on how to link a credit/debit card on CEX.IO:
Also, they have a wider coverage of countries than coinbase with mobile apps for both android and ios versions.
3. Coinbase
Coinbase is another popular bitcoin and cryptocurrency exchange that one can use for buying/selling cryptos like bitcoin, bitcoin cash, ethereum, and litecoin.
You can deposit your fiat currency (USD, EUR, GBP etc) into coinbase and easily collect your cryptocurrencies that you can later withdraw in a ledger nano S or trezor-like device.
Coinbase also becomes handy because it allows you to buy cryptocurrencies via credit/debit cards. You can buy cryptocurrencies on coinbase by following these simple steps:
(however, check if their service is available in your country here.)
- Register at coinbase.
- Complete photo ID verification.
- Go to the payment methods page.
- Click on +add payment method on the right-hand side.
- Choose card and add the credit/debit card.
- Accept and allow coinbase to make two small transactions.
- Coinbase will make two very small test transactions between 1.01 and 1.99 in your local currency. Log in to your card statement account and note the amount of those transactions.
- Enter the amounts transacted in the coinbase app.
4. Bitfinex
Bitfinex is one of the oldest players in the race of crypto exchanges for beginners. It is much like bittrex but unlike it deals in fiat currencies like USD, EUR & GBP.
Bitfinex always has an enormous volume so one needs not worry about liquidity while buying or selling on this exchange as it always ranks amongst the top 10 on CMC.
Plus the exchange UI is clean and has sufficient instructions on each page that will help any noob to use it efficiently.
Also, to get started on bitfinex, you need to register, verify your ID, and authenticate yourself. It typically takes 15-20 business days after submitting valid ID proof before you’re accepted into the platform.
Lastly, do check out their mobile apps (android app | ios app) because they are good enough to be used while trading on the go.
- Start trading on bitfinex
- Fees: 0.1% to 0.8% (details here).
- Accessible globally [bitfinex serves all countries with the exception of the united states; bosnia and herzegovina; democratic people’s republic of korea (north korea); ethiopia; iran; iraq; syria; uganda; vanuatu; and, yemen.]
5. Changelly
Changelly is, without a doubt, one of the easiest to use cryptocurrency exchanges in the market. Via changelly, you can simply send one currency and swap it for another supported currency.
It doesn’t require you to undergo the tedious KYC process but it does require you to sign-in with your email ID.
Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. Also, it is one of the best and easiest to use exchanges out there if you are looking to buy cryptocurrencies through debit/credit cards. If you want to know more, check out our review on changelly.
Lastly, changelly charges a commission fee of 0.5% on each trade, which is minimal in exchange for the volatility and risk that they bear on behalf of their users.
6. Bitmex
Bitmex exchange is run to be professional algorithm traders, developers and economists and hence it is the busiest exchange you will find in the cryptocurrency realm.
Moreover, it provides all the tools and techniques for advanced and beginners to trade cryptocurrencies. You can learn more about it in a detailed bitmex review.
On bitmex you can trade following cryptocurrencies (& contracts) for these fiat currencies like the U.S. Dollar, the japanese yen, and the chinese yuan:
- Bitcoin
- Bitcoin cash
- Ethereum
- Litecoin
- Cardano
- Ripple
The registration process on bitmex is quite simple where you just need to register through your email ID and their fee structure is also quite straightforward as shown below.
COINS | LEVERAGE | MAKER FEE | TAKER FEE | SETTLEMENT FEE |
---|---|---|---|---|
bitcoin (XBT) | 100x | -0.0250% | 0.0750% | 0.0500% |
bitcoin cash (BCH) | 20x | -0.0500% | 0.2500% | 0.0000% |
cardano (ADA) | 20x | -0.0500% | 0.2500% | 0.0000% |
ethereum (ETH) | 50x | -0.0500% | 0.2500% | 0.0000% |
litecoin (LTC) | 33.33x | -0.0500% | 0.2500% | 0.0000% |
ripple (XRP) | 20x | -0.0500% | 0.2500% | 0.0000% |
7. Kucoin
Kucoin is a brilliant crypto exchange that has been receiving a lot of traction over the last 6 months. The traction comes as no surprise gave the team behind it and an easy to use & navigate UI.
In terms of volume too, it ranks in the top 25 exchanges on CMC and has a program in which they keep adding new coins/tokens on their exchange regularly.
Also, from a beginners point of view, kucoin’s native token i.E. Kucoin shares is good to HODL because that gives you extra smart passive income in the form of exchange fee. (buy KCS coins now)
- Start trading on kucoin
- Fees: 0.1%
- Accessible globally
The best beginner’s cryptocurrency trading websites:
So you see for beginners also a lot of many options are available in the crypto-sphere.
Remember that all these exchanges are centralized in nature. Hence it is strictly advised that you do not use them as your day-to-day wallet for hodling cryptocurrencies for the longer term. Read this article to know more about the risks of using a centralized cryptocurrency exchange.
Coinsutra team also uses all these exchanges but we use mainly ledger nano X for storing any cryptocurrency if we have to hold it for more than a couple of days. Even if you use it for a few days, we recommend you use it with proper 2FA authentication.
It’s your turn to tell me: which one of these exchanges do you like the best? Also, what are other good beginners exchange that I haven’t listed here? Let me hear your thoughts in the comments below!
And if you liked this post, don’t forget to share it on twitter & facebook!
Here are a few hand-picked articles you should read next:
Harsh agrawal is the crypto exchanges and bots experts for coinsutra. He founded coinsutra in 2016, and one of the industry’s most regarded professional blogger in fintech space.
An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in information technology.
An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of information technology, he made his mission to help others learn and get started with it via coinsutra.
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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 best crypto currency broker
Contents
- Top forex bonus list
- 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 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?
- Top 10 online cryptocurrency trading brokers
- How to get started in cryptocurrency trading
- What is cryptocurrency?
- What are cryptocurrencies used for?
- What is the difference between bitcoin and ethereum?
- What is the difference between a cryptocurrency exchange and a cryptocurrency broker?
- Trade cryptocurrency online using CFD services
- Trading cryptocurrencies – getting started with cfds (contracts for differences)
- How to make money trading crypto
- How to choose the best cryptocurrency trading broker online
- 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
- The 5 best cryptocurrency trading apps
- Fxdailyreport.Com
- Best cryptocurrency trading platforms 2021
- The best brokers for crypto trading in 2021
- The best crypto brokers for 2020
- How we find the best brokers for crypto trading
- Discover our top cryptocurrency brokers
- Do cryptocurrency brokers offer trading bonuses?
- Discover the best crypto trading platforms
- Best cryptocurrency brokers to use in 2021
- 1. Fxopen
- 2. Tenkofx
- 3. Etoro
- 4. Coinbase
- 5. Xbtce
- 7 best cryptocurrency trading sites for beginners [updated list]
- 7 best crypto-trading websites for beginners:
- 1. Binance
- 2. CEX.Io
- 3. Coinbase
- 4. Bitfinex
- 5. Changelly
- 6. Bitmex
- 7. Kucoin
- The best beginner’s cryptocurrency trading websites:
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