Best Cryptocurrency Brokers for 2021, crypto currency broker.

Crypto currency broker

Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.

Top forex bonus list

Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.

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

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!

Best cryptocurrency trading platform 2021

Which is the best cryptocurrency trading platform in the UK? Our seasoned traders have, in december 2020, tried out all the major platforms for cryptocurrency trading in the UK and we’ll give you all the answers. Also in this article, how does cryptocurrency trading work? Where can I trade cryptocurrency? How do I trade cryptocurrency for cash? And how will cryptocurrencies and their unique features revolutionize the ways we exchange value and minimize trust?

Table of contents

1. Best cryptocurrency trading platforms in the UK in 2021


2. How to choose the best cryptocurrency trading platform?


3. The cryptocurrency trading market


4. Is cryptocurrency trading a hype?


5. How to buy cryptocurrency?


6. The difference between buying and trading cryptocurrencies


7. What is a cryptocurrency and how does it work?


8. What does trust minimization/censorship resistance mean?


9. Why is bitcoin the biggest cryptocurrency and why is it likely to retain that title?


10. The ups and downs of bitcoin

The 5 best cryptocurrency trading platforms in the UK are:

1. Etoro cryptocurrency trading platform


2. Pepperstone cryptocurrency trading platform


3. Plus500 cryptocurrency trading platform


4. Octafx cryptocurrency trading platform


5. NSB cryptocurrency trading platform

Best cryptocurrency trading platforms in the UK 2021

Here you have the answer to where you, as a UK trader, can trade cryptocurrency. The following are solid brokers, that can be trusted and offer trading in both bitcoins and other major cryptocurrencies such as ethereum and litecoin. Take into account the quick facts of each broker in the top list and then read a more in-depth review of the broker and trading platform by clicking on the “read review” link:

- offers 17 crypto assets such as bitcoin, ethereum, litecoin etc.
- largest in cryptocurrency trading.
- market open 24/7
- spread as low as 0.75%
- leverage 1:2

75% of retail investor accounts lose money when trading cfds with this provider.

- leverage 1:2
- no commission fees
- hedge on single account
- trade BTC, litecoin, ethereum, dash bitcoin cash

74-89% of retail investor accounts lose money when trading cfds with this provider.

- availability subject to regulations. Not applicable to retail clients
- leverage 1:2
- trade all major cryptocurrencies
- trade 24/7

76.4% of retail investor accounts lose money when trading cfds with this provider.

- offers trading in bitcoin, litecoin and ethereum
- 1:2 leverage
- $100 min. Deposit
- 24/7 cryptocurrency trading

- leverage 1:2
- trade all major cryptocurrencies
- long and short trading

74% of retail investor accounts lose money

How to choose the best cryptocurrency trading platform?

Our first recommendation is that you choose a trading platform that is regulated. You have to feel safe with your investment. The best crypto platforms in the UK are regulated in different jurisdictions as you can see in the top list above. The second important criteria you should look at is what cryptocurrencies are offered by the trading platform. And the third and very important criterion is how much it will cost you to trade on that crypto trading platform and how you can withdraw your money if you want to let go of your investment.

The cryptocurrency trading market

Cryptocurrencies surprised many people in 2015-2017, through the massive price-explosion many of them have gone through. Bitcoin is obviously the foremost exponent of the crypto industry and its price evolution has been the most spectacular thus far, see the ups and downs of bitcoin below. Volatility has always been a sort of natural accessory of the cryptocurrency markets, and it, coupled with the unprecedented gains registered by the market as a whole, has turned cryptocurrencies into extremely attractive potential investment vehicles.

Is cryptocurrency trading a hype?

More and more people are interested in purchasing cryptos as an investment and more and more people are worked up about trading various crypto-based financial products. The hype is understandable: while other asset classes yield absolute maximums around the 30% mark per year, with bitcoin and its ilk, we’re talking about growth in the neighborhood of 1,000%. Above and beyond the cries of “bubble” it elicited, this ridiculous accrual of value has caught the attention of hedge fund and mutual fund managers, who now see in cryptos a very attractive way of expanding their investment portfolios.

How to buy cryptocurrency?

The most rudimentary form of cryptocurrency trading is about purchasing and holding the currencies. Crypto exchanges provide the backdrop for this type of trading, which is essentially just a newer take on the age-old buy-low-and-sell-high angle. Such investors thrive under extreme volatility and the fact that by nature, bitcoin is a deflationary currency (there’s a limited number of btcs that will ever exist), gives them a nice theoretical safety-cushion.

The difference between buying and trading cryptocurrency

Based on the above-said, it is hardly a surprise that existing online forex/CFD brokerages have already gotten in on the ground-floor of cryptocurrency trading. Though most such operators advertise that they support the trading of bitcoin, what they offer are in fact bitcoin-based cfds (contracts for difference). Cfds are financial derivatives, which means that when trading them, traders don’t actually get to own any cryptocurrency. Instead, they work with the difference between the exit- and entry-prices of their trades. With cfds, the amount by which the underlying asset price goes up (or down) is crucial, as it determines the actual profits (or losses) traders will incur.

Such crypto cfds are featured by scores of brokers. In fact, the setup has become a sort of fad among online brokers, and all those who fancy themselves cutting edge, have pinned them to their product selection, as you can see above in our top list.

What is a cryptocurrency and how does it work?

A cryptocurrency is a virtual/digital cash, payment, and settlement system, that is double spend- and counterfeit-proof. Most cryptocurrencies use a blockchain to achieve double-spend protection. The ones that are decentralized offer several other features, such as:

• Trust minimization.


• Censorship resistance.


• Permission-less nature.

How does a cryptocurrency work?

Cryptocurrencies are virtual coins/tokens that people exchange online in a peer-to-peer manner, without an intermediary. The value of a crypto coin is defined by the market. More precisely, by what people are willing to pay for it.

On a deeper level, the value of a cryptocurrency also hinges on its utility. Scalability and transfer speeds are variables in the value equation as well.

Every cryptocurrency resides on a network. This network may be a decentralized or centralized one. In the case of bitcoin, we are talking about decentralization. The more people mine or stake a given cryptocurrency, the more decentralized its network becomes.

That raises the question: what is cryptocurrency mining?

Crypto miners are the backbone of pow (proof of work) cryptocurrency ecosystems, such as bitcoin’s. Mining consists of the painstaking churning of data with the help of specialized hardware. In addition to solving complex mathematical problems, miners also verify and add transactions to the blockchain ledger. They transmit and log transactions. They also verify and maintain the ledger. Miners get newly minted coins as a reward for their efforts and the energy they expend through computing power.

Pos (proof of stake) networks require participants to keep set amounts of digital coins in special wallets. The proof of stake method does not require computing power and it does not use up any energy to that end.

What does trust minimization/censorship resistance mean?

According to some, bitcoin is trustless. What this means is that A can pay B without the need for a third party to provide trust. According to nick szabo, one of the fathers of the cypherpunk movement, bitcoin is trust-minimized. It is as close to being trustless as possible, but it is not completely trustless.

From trust minimization stem some other attractive features. Bitcoin is permission-less. Meaning that it can be transferred from one person to another, across the globe if needed, without the permission of a third party.

As such, the cryptocurrency is also censorship-resistant. There is no trust-providing intermediary involved in transfers, which could censor certain payments. Bitcoin is a lot like cash: as long as A wants to hand it to B, there is nothing anyone can do to prevent the transfer.

Why is bitcoin the biggest cryptocurrency and why is it likely to retain that title?

As the first widely-known cryptocurrency, bitcoin enjoys something called “the first-mover advantage”. It has been around for more than ten years now. By simply being around, it has proven its feasibility to some degree. This is more than other cryptocurrencies can boast.

Furthermore, despite being somewhat clunky and cumbersome, bitcoin is not an inflexible contraption. It is programmable money. It enjoys the backing of some of the brightest minds in the industry. Bitcoin can change and incorporate changes necessary for its survival in the future. It could theoretically even adopt a pos consensus model instead of the currently used pow, although such a move is not likely.

Given these attributes, some say it is futile to search for the “better bitcoin”. Bitcoin itself is capable of changing and improving, thus becoming the better version of itself.

The ups and downs of bitcoin

Over its decade-long existence, bitcoin has been a highly volatile digital asset. It went through several boom-and-bust cycles. After each such cycle, however, it managed to hold on to some of its gains.

Interestingly, these boom-and-bust cycles have coincided with bitcoin’s halving. Every four years or so, the mining reward for bitcoin is cut in half. Currently, miners earn 12.5 bitcoins every 10 minutes in the shape of block rewards. After may 2020, this reward will be just 6.25 bitcoins every 10 minutes.

The increasing scarcity of the digital asset explains these cycles up to a point. Beyond that, human greed and emotions step up and run away with the price.

Analysts have worked out predictions regarding BTC’s post-halving price, based on past data. Such exercises are hardly exact (or reliable), however. They predict massive price gains and another parabolic bull run, sometime after the halving.

Thus far, we have had three such cycles. The latest one, that of december 2017, took the price of one bitcoin to almost $20,000. If you want to trade bitcoin you can use one of the best crypto trading platforms in the UK above. For further reading, you can see our reviews of the overall best trading platforms in the UK here.

Cryptocurrency brokers

Nothing moves faster than the cryptocurrency market these days. But to help you keep up with the fast-paced demands of the market, investing.Com has broken down all the best advantages of all the top crypto brokers. Check out our reviews to help give your portfolio an upgrade.

Fondex

• Good range of assets


• No minimum deposit


• Unique ctrader platform


• 24X5 customer support


• Advanced technical charting

XM group

XM group is an award-winning forex and CFD broker. Available in more than 20 languages, XM group offers cutting-edge features and trades in under a second.

• Wide variety of assets


• High leverage


• Live chat and other accessible support in 30 languages


• No commissions

Octafx

• - easy account setup and low minimum opening balance


• - scalping, hedging, and eas are all permitted strategies


• - shariah-compliant options available for all account types

IC markets

• Phenomenal order execution speeds


• Support for all trading strategies & styles


• Intuitive trading platforms with value-added tools

Exness

Exness group is an innovative CFD and forex brokerage that specializes in customized trading conditions, including instant fund withdrawal and unique leveraging rates.

• Tight spreads and low minimum balances reduce financial commitment


• Variety of account types including classic, mini, ECN, and islamic


• Highly regulated and compliant with regulators including FCA, cysec, others

Plus500

• Intuitive, responsive platform compatible across operations systems


• Leverage available for large array of tradable assets


• Multiple avenues for reaching customer support

Markets.Com

• Broker regulated by five regulators, including ASIC and the FCA


• More than 2200 asset types available to trade


• Accessible and informative investor education tools

Liteforex

Liteforex is an expert, regulated forex trader whose educational resources, tutorials and expert analytics from claw&horns draw cryptocurrency investors of all levels.

• Low-cost structure


• Access to a large selection of forex pairs at reasonable spreads


• Excellent customer service with 24-hour availability five days a week

Bdswiss

• Ultra-low spreads and affordable commissions


• Excellent liquidity and rapid execution


• Feature rich value-added tools like autochartist and trading alerts

Fx pro

Fxpro’s blend of features, range of available assets, and long-standing track record of success make it a award-winning destination for traders. Thanks to its speed, security, and reliability, fxpro has attracted over 1.3 million clients from more than 170 countries.

• Many types of tradable instruments


• High level of security and trust


• Ctrader enables advanced algorithmic trading

Just2trade

Just2trade uses a free demo to acclimatize new traders to online forex investing. Cryptocurrency traders enjoy the platform's easy-to-navigate interface and alert system.

• Pick from multiple advanced platforms to trade equities, futures, and options


• Benefit from direct market access, dark pool liquidity, and smart order routing


• SIPC covers up to $500,000 worth of client funds

Squared financial

• 24/5 support in multiple languages


• Good range of assets


• Extensive training materials

Moneta markets

• Excellent research support


• Wide range of instruments


• Advanced trading platform

Currency.Com

• Wide range of assets


• Low minimum deposit


• Excellent training material

Hotforex

• Multiple compelling account types to choose from


• Enhanced trading experience with a host of value-added tools


• A wide selection of trader resources and informational products

Vantagefx

• Excellent value-added trading tools and services


• Very narrow spreads and low commissions


• Intuitive mobile app with extensive functionality

Capital.Com

• Good range of assets


• 0% commission & no hidden fees


• Market-leading spreads

• Strong regulatory framework


• Support in multiple languages


• Wide range of assets to choose from

Cryptocurrency, compared to other currencies and trading products on the market, is still very new. Cryptocurrency includes currencies such as ethereum, bitcoin, and litecoin. Cryptocurrency is decentralized and stored in a ledger, which is called a blockchain. Cryptocurrency allows people to pay and store money without going through a bank or even using their name.

Do you need a broker to trade cryptocurrencies?

A crypto broker serves as a middleman between the person buying and the person selling the cryptocurrency. The broker might also buy up a lot of cryptocurrency to sell on its own platform, making more of a direct seller. However, more often than not, the term “cryptocurrency broker” is used to refer to an intermediary. You place your order through the broker. After you pay for the cryptocurrency, the broker places your order on the crypto exchange.

The decentralized, anonymous nature of cryptocurrency means that you don’t technically need a broker to trade the currency. You can trade crypto with anybody—no fees, no centralized exchange, and no mediator. So, the question becomes whether you should work with a cryptocurrency broker.

Advantages of a cryptocurrency broker

There are several advantages of a cryptocurrency broker. First and foremost, the main advantage is the easy setup. Solo crypto trading is often associated with technical issues relating to the blockchain. Because a broker already has an established system, the technical issues are more avoidable. Also, a cryptocurrency broker lets you conduct leveraging, which is a type of trading that allows you to borrow funds to increase your position.

A cryptocurrency broker has more advanced technical instruments (such as a downloadable platform, mobile app, website, etc.) than someone who is doing it on their own. The crypto trading is faster, and you may also find that, when you use an established system, the price of the crypto is fairer.

Disadvantages of a cryptocurrency broker

Crypto brokers have their disadvantages. The main downsides to a crypto broker are fees and commissions. When you’re trading on your own, you don’t have to pay commission to anyone. A broker will likely charge commission, so you have to weigh the advantages listed above against the costs of such fees. Additionally, an unreputable crypto broker could cause you to lose money.

Is cryptocurrency trading risky?

The short answer is yes. Cryptocurrency trading is risky because the currency itself is so volatile. The currency is speculative and high-risk, and it’s not uncommon for the value to plummet hundreds of dollars at the drop of a hat. It’s also not uncommon for it to suddenly skyrocket in value.

Also, another major risk is crypto cybercrime. There is little to no regulation of this trading field, and cryptocurrency is not backed by the government. It doesn’t go through a bank, nor will the SEC reimburse you if you lose all your money. Crypto-related cybercrime ranges from mishandling private information to hackers raiding and depleting users’ cryptocurrency accounts.

How can I tell if a crypto broker is regulated?

Only some countries (such as the UK and its financial conduct authority) require that cryptocurrency brokers be regulated. However, there are warning signs of an unscrupulous or untrustworthy broker. Spotting these warning signs is key to avoiding being a victim. Such signs include non-existent services and products, unrealistic promises, questionable marketing practices, and anonymous identities of brokers.

If the broker lists certain services in its marketing, it should have those services. For example, if a broker says that it offers research and data, there should be research and data available on its platform. Simply put, the products and services listed should be there for you. If the broker is being dishonest about these services, move on.

If a crypto broker promises you that you are going to get rich, they are not trustworthy. A good broker knows that all trading, whether crypto or non-crypto, is volatile, and you shouldn’t make promises that might not come true. The broker should only promise to be ethical and provide a solid platform. Making unrealistic predictions is a sign that the broker is unscrupulous.

If the broker lies in its ads about its services or makes unrealistic predictions in its promotions, it is engaging in questionable marketing. This is especially common on social media. If a broker makes fake accounts on social media, with each account claiming to be a satisfied customer, that broker is a scammer. Don’t just avoid doing business with the broker, block them too.

Anonymous identities of the brokers

You should know the identity of the broker with whom you’re getting in business. While the nature of cryptocurrency allows for anonymous transactions, starting a crypto platform is, essentially, starting a business. A broker must be transparent about their identity, just as any business would. If the broker won’t even share their name, there is likely a good reason. You should definitely avoid them.

How do cryptocurrency brokers make money?

Cryptocurrency brokers make money by charging fees and commissions on the transactions they conduct. Cryptocurrency is new enough that many brokers are able to charge higher fees than they would for other, non-crypto products.

All in all, cryptocurrency is volatile, but it can be lucrative. When you’re looking for the best cryptocurrency broker, make sure you pick a broker who is transparent, honest, and has nothing to hide. Reading reviews will help you with your selection.

Risk disclosure: trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of fusion media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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

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!

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.

Cryptocurrency stocks trade in all directions today, even as bitcoin climbs above $34,000

These stocks reminded investors that day trading stocks based on the price of bitcoin can be an unpredictable game to play.

What happened

Bitcoin was rising again on tuesday. As of 4:15 p.M. EST, bitcoin was up 8% over the previous 24 hours and had briefly surpassed $34,000 per token earlier in the afternoon, according to coindesk. Its daily high of $34,221 was within 1% of its all-time high, which was hit over this past weekend.

Most days when bitcoin is up, cryptocurrency stocks track higher, as well. There's some fundamental basis for this (as we'll see in a moment). But other factors impact stock prices, as well. Indeed, crypto stocks showed no real correlation to the price of bitcoin today. Some were up, some were down, and some traded sideways.

• Going up today were shares of bitcoin mining companies like marathon patent group (NASDAQ:MARA) and riot blockchain (NASDAQ:RIOT) , up 23% and 12%, respectively.


• Down a little were shares of bitcoin mining company bit digital (NASDAQ:BTBT) , along with shares of canaan (NASDAQ:CAN) , a company that manufactures equipment for mining bitcoin. These both fell a mere 5%.


• Finally, ebang international holdings (NASDAQ:EBON) is another company manufacturing bitcoin mining hardware, and its stock was down a painful 13%.

Image source: getty images.

So what

Bitcoin miners run the bitcoin blockchain network and are paid in bitcoin. These companies pay for workers, computers, real estate, and electricity in fiat money. Therefore, they have to sell their bitcoin tokens to non-miners who want to own bitcoin. Therefore, revenue potential for marathon, bit digital, and riot blockchain is subject to the market price of bitcoin. As it rises, so does the revenue potential for these companies.

This explains why investors get excited about bitcoin mining when the price of the cryptocurrency goes up. But what about hardware companies like ebang and canaan? Sales for these two companies were largely down in 2020. But as bitcoin mining becomes more profitable, there's greater potential for a new bitcoin mining craze, which could cause sales to rise again for ebang and canaan.

When bitcoin goes up, it's good for these stocks. But this is only generally speaking. Investors should not just trade in and out of these stocks based solely on the price of bitcoin.

Image source: getty images.

Now what

Trading solely based on the price of bitcoin is a bad idea because in the short term, anything can happen with stocks. Consider that these are all small-cap stocks and are easily manipulated.

Sure, you could get lucky on a day trade. For example, anyone trading in and out of bit digital recently is clearly happy, considering it's nearly tripled over the past five trading days alone. However, these stocks could easily become the target of a famous short-seller. Given how easily these can be manipulated, these stocks would likely plummet on a development like that -- at least in the short term.

More importantly, these are all real-life businesses that could, at any time, report things unique to their companies. Sometimes it's good news; sometimes it's bad news.

For example, yesterday the price of bitcoin was mostly rising, whereas marathon stock was mostly falling. It spiked at the open and finished up for the day. But it steadily declined from early session highs. This is likely because of its announced capital raise of $200 million to help purchase additional equipment from bitmain, increasing its mining capability. That's good.

However, because of this, the company's share count is rising at an alarming pace, eroding shareholder value. Currently, marathon has almost 75 million shares outstanding. For perspective, it had less than 8.7 million on march 31, 2020.

Considering how overvalued these stocks appear to be, you can't blame marathon for taking advantage of its high stock price. Indeed, $200 million from selling its stock is lightyears beyond what its business is capable of generating in revenue right now. In fact, I wouldn't be surprised if all of these companies announce more dilutive moves in the near future. If any do make such an announcement, their stock will likely fall, regardless of what the price of bitcoin happens to be doing that day.

These are just a couple of reasons why eyeing short-term gains can be a dangerous game when it comes to stocks. It's hard to predict. However, in the long term, stocks strongly correlate with business fundamentals like revenue and profits, which is much easier for average investors like you and me to envision.

Cryptocurrency brokers

Nothing moves faster than the cryptocurrency market these days. But to help you keep up with the fast-paced demands of the market, investing.Com has broken down all the best advantages of all the top crypto brokers. Check out our reviews to help give your portfolio an upgrade.

XM group

XM group is an award-winning forex and CFD broker. Available in more than 20 languages, XM group offers cutting-edge features and trades in under a second.

• Wide variety of assets


• High leverage


• Live chat and other accessible support in 30 languages


• No commissions


• Non-expiring demo account

• Good trading support


• Competitive spreads


• No commissions


• No fees on deposits

Octafx

• - easy account setup and low minimum opening balance


• - scalping, hedging, and eas are all permitted strategies


• - shariah-compliant options available for all account types

IC markets

• Phenomenal order execution speeds


• Support for all trading strategies & styles


• Intuitive trading platforms with value-added tools

Fondex

Plus500

• Intuitive, responsive platform compatible across operations systems


• Leverage available for large array of tradable assets


• Multiple avenues for reaching customer support

Markets.Com

• Broker regulated by five regulators, including ASIC and the FCA


• More than 2200 asset types available to trade


• Accessible and informative investor education tools

Liteforex

Liteforex is an expert, regulated forex trader whose educational resources, tutorials and expert analytics from claw&horns draw cryptocurrency investors of all levels.

• Low-cost structure


• Access to a large selection of forex pairs at reasonable spreads


• Excellent customer service with 24-hour availability five days a week

Bdswiss

• Ultra-low spreads and affordable commissions


• Excellent liquidity and rapid execution


• Feature rich value-added tools like autochartist and trading alerts

Exness

Exness group is an innovative CFD and forex brokerage that specializes in customized trading conditions, including instant fund withdrawal and unique leveraging rates.

• Tight spreads and low minimum balances reduce financial commitment


• Variety of account types including classic, mini, ECN, and islamic


• Highly regulated and compliant with regulators including FCA, cysec, others

Fx pro

Fxpro’s blend of features, range of available assets, and long-standing track record of success make it a award-winning destination for traders. Thanks to its speed, security, and reliability, fxpro has attracted over 1.3 million clients from more than 170 countries.

• Many types of tradable instruments


• High level of security and trust


• Ctrader enables advanced algorithmic trading

Just2trade

Just2trade uses a free demo to acclimatize new traders to online forex investing. Cryptocurrency traders enjoy the platform's easy-to-navigate interface and alert system.

• Pick from multiple advanced platforms to trade equities, futures, and options


• Benefit from direct market access, dark pool liquidity, and smart order routing


• SIPC covers up to $500,000 worth of client funds

Squared financial

• 24/5 support in multiple languages


• Good range of assets


• Extensive training materials

Moneta markets

• Excellent research support


• Wide range of instruments


• Advanced trading platform

Currency.Com

• Wide range of assets


• Low minimum deposit


• Excellent training material

Hotforex

• Multiple compelling account types to choose from


• Enhanced trading experience with a host of value-added tools


• A wide selection of trader resources and informational products

Vantagefx

• Excellent value-added trading tools and services


• Very narrow spreads and low commissions


• Intuitive mobile app with extensive functionality

Capital.Com

• Good range of assets


• 0% commission & no hidden fees


• Market-leading spreads

• Strong regulatory framework


• Support in multiple languages


• Wide range of assets to choose from

Cryptocurrency, compared to other currencies and trading products on the market, is still very new. Cryptocurrency includes currencies such as ethereum, bitcoin, and litecoin. Cryptocurrency is decentralized and stored in a ledger, which is called a blockchain. Cryptocurrency allows people to pay and store money without going through a bank or even using their name.

Do you need a broker to trade cryptocurrencies?

A crypto broker serves as a middleman between the person buying and the person selling the cryptocurrency. The broker might also buy up a lot of cryptocurrency to sell on its own platform, making more of a direct seller. However, more often than not, the term “cryptocurrency broker” is used to refer to an intermediary. You place your order through the broker. After you pay for the cryptocurrency, the broker places your order on the crypto exchange.

The decentralized, anonymous nature of cryptocurrency means that you don’t technically need a broker to trade the currency. You can trade crypto with anybody—no fees, no centralized exchange, and no mediator. So, the question becomes whether you should work with a cryptocurrency broker.

Advantages of a cryptocurrency broker

There are several advantages of a cryptocurrency broker. First and foremost, the main advantage is the easy setup. Solo crypto trading is often associated with technical issues relating to the blockchain. Because a broker already has an established system, the technical issues are more avoidable. Also, a cryptocurrency broker lets you conduct leveraging, which is a type of trading that allows you to borrow funds to increase your position.

A cryptocurrency broker has more advanced technical instruments (such as a downloadable platform, mobile app, website, etc.) than someone who is doing it on their own. The crypto trading is faster, and you may also find that, when you use an established system, the price of the crypto is fairer.

Disadvantages of a cryptocurrency broker

Crypto brokers have their disadvantages. The main downsides to a crypto broker are fees and commissions. When you’re trading on your own, you don’t have to pay commission to anyone. A broker will likely charge commission, so you have to weigh the advantages listed above against the costs of such fees. Additionally, an unreputable crypto broker could cause you to lose money.

Is cryptocurrency trading risky?

The short answer is yes. Cryptocurrency trading is risky because the currency itself is so volatile. The currency is speculative and high-risk, and it’s not uncommon for the value to plummet hundreds of dollars at the drop of a hat. It’s also not uncommon for it to suddenly skyrocket in value.

Also, another major risk is crypto cybercrime. There is little to no regulation of this trading field, and cryptocurrency is not backed by the government. It doesn’t go through a bank, nor will the SEC reimburse you if you lose all your money. Crypto-related cybercrime ranges from mishandling private information to hackers raiding and depleting users’ cryptocurrency accounts.

How can I tell if a crypto broker is regulated?

Only some countries (such as the UK and its financial conduct authority) require that cryptocurrency brokers be regulated. However, there are warning signs of an unscrupulous or untrustworthy broker. Spotting these warning signs is key to avoiding being a victim. Such signs include non-existent services and products, unrealistic promises, questionable marketing practices, and anonymous identities of brokers.

If the broker lists certain services in its marketing, it should have those services. For example, if a broker says that it offers research and data, there should be research and data available on its platform. Simply put, the products and services listed should be there for you. If the broker is being dishonest about these services, move on.

If a crypto broker promises you that you are going to get rich, they are not trustworthy. A good broker knows that all trading, whether crypto or non-crypto, is volatile, and you shouldn’t make promises that might not come true. The broker should only promise to be ethical and provide a solid platform. Making unrealistic predictions is a sign that the broker is unscrupulous.

If the broker lies in its ads about its services or makes unrealistic predictions in its promotions, it is engaging in questionable marketing. This is especially common on social media. If a broker makes fake accounts on social media, with each account claiming to be a satisfied customer, that broker is a scammer. Don’t just avoid doing business with the broker, block them too.

Anonymous identities of the brokers

You should know the identity of the broker with whom you’re getting in business. While the nature of cryptocurrency allows for anonymous transactions, starting a crypto platform is, essentially, starting a business. A broker must be transparent about their identity, just as any business would. If the broker won’t even share their name, there is likely a good reason. You should definitely avoid them.

How do cryptocurrency brokers make money?

Cryptocurrency brokers make money by charging fees and commissions on the transactions they conduct. Cryptocurrency is new enough that many brokers are able to charge higher fees than they would for other, non-crypto products.

All in all, cryptocurrency is volatile, but it can be lucrative. When you’re looking for the best cryptocurrency broker, make sure you pick a broker who is transparent, honest, and has nothing to hide. Reading reviews will help you with your selection.

Risk disclosure: trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of fusion media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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

Contents

• Top forex bonus list


• Best cryptocurrency brokers for 2021
  
  
  
  • Daniel ‘harris’ major
  
  
  
  


• 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
  
  
  
  • Luke jacobi
    
    
    
    • Contributor, benzinga
    
    
    
    
  
  
  
  


• Best crypto brokers and trading platforms:


• Best crypto brokers
  
  
  
  • Commissions
  
  
  • Account minimum
  
  
  • 1. Best for social trading: etoro
    
    
    
    • Commissions
    
    
    • Account minimum
    
    
    
    
  
  
  • 2. Best for ease-of-use: gemini
    
    
    
    • Commissions
    
    
    • Account minimum
    
    
    
    
  
  
  • 3. Best for new investors: coinbase
    
    
    
    • Commissions
    
    
    • Account minimum
    
    
    
    
  
  
  • 4. Best for gold investments: itrustcapital
  
  
  • 5. Best for high volume forex traders: cryptorocket
  
  
  • 6. Best for accessibility: altrady
    
    
    
    • Commissions
    
    
    • Account minimum
    
    
    
    
  
  
  • 7. Best for multiple exchanges: voyager
  
  
  
  


• Crypto advantages vs. Disadvantages
  
  
  
  • Advantages
  
  
  • Disadvantages
  
  
  
  


• Cryptocurrency vocabulary


• Are you ready for the future?
  
  
  
  • Try gemini
  
  
  
  


• 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
  
  
  
  • Regulation
  
  
  • Customer service
  
  
  • Account types
  
  
  • Currency pairs
  
  
  • Platform type
  
  
  
  


• Best cryptocurrency trading platform 2021
  
  
  
  • Table of contents
  
  
  
  


• Best cryptocurrency trading platforms in the UK 2021


• How to choose the best cryptocurrency trading platform?


• The cryptocurrency trading market


• Is cryptocurrency trading a hype?


• How to buy cryptocurrency?
  
  
  
  • The difference between buying and trading cryptocurrency
  
  
  
  


• What is a cryptocurrency and how does it work?
  
  
  
  • How does a cryptocurrency work?
  
  
  
  


• What does trust minimization/censorship resistance mean?


• Why is bitcoin the biggest cryptocurrency and why is it likely to retain that title?


• The ups and downs of bitcoin


• Cryptocurrency brokers
  
  
  
  • Fondex
  
  
  • XM group
  
  
  • Octafx
  
  
  • IC markets
  
  
  • Exness
  
  
  • Plus500
  
  
  • Markets.Com
  
  
  • Liteforex
  
  
  • Bdswiss
  
  
  • Fx pro
  
  
  • Just2trade
  
  
  • Squared financial
  
  
  • Moneta markets
  
  
  • Currency.Com
  
  
  • Hotforex
  
  
  • Vantagefx
  
  
  • Capital.Com
  
  
  
  


• 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
  
  
  
  • Regulation
  
  
  • Customer service
  
  
  • Account types
  
  
  • Currency pairs
  
  
  • Platform type
  
  
  
  


• 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
  
  
  
  • Etoro
  
  
  • Plus500
  
  
  
  


• Do cryptocurrency brokers offer trading bonuses?


• Discover the best crypto trading platforms
  
  
  
  • Metatrader 5
  
  
  • Proprietary crypto trading platforms
  
  
  • Trading cryptocurrencies on mobile
  
  
  
  


• Cryptocurrency stocks trade in all directions today, even as bitcoin climbs above $34,000


• These stocks reminded investors that day trading stocks based on the price of bitcoin can be an...


• What happened


• So what


• Now what


• Cryptocurrency brokers
  
  
  
  • XM group
  
  
  • Octafx
  
  
  • IC markets
  
  
  • Fondex
  
  
  • Plus500
  
  
  • Markets.Com
  
  
  • Liteforex
  
  
  • Bdswiss
  
  
  • Exness
  
  
  • Fx pro
  
  
  • Just2trade
  
  
  • Squared financial
  
  
  • Moneta markets
  
  
  • Currency.Com
  
  
  • Hotforex
  
  
  • Vantagefx
  
  
  • Capital.Com