Top cryptocurrency brokers
The cryptocurrency exchange is a platform which allows the users to buy, sell, or trade the cryptocurrencies.
New forex bonuses
Combase is popular too and it offers trading on 100s and 1,000s of virtual currencies like litecoin, ethereum classic and bitcoin.
Top cryptocurrency brokers for 2021
We found 11 online brokers that are appropriate for trading cryptocurrency.
Best cryptocurrency brokers guide
Are you interested in investing in cryptocurrency?
If the answer to this is a yes, then you will need to find the right cryptocurrencies brokers whocan accommodate you with the best facilities to trade on the cryptocurrency markets.
Before proceeding, lets cover the real definition of cryptocurrency.
Defining cryptocurrencies
In short, cryptocurrencies are digital or virtual currencies.
These currencies are reliant on cryptography to ensure the security and verification of each digital transaction.
Cryptography can control the number of units and prevent the change of code of the cryptocurrency unless some conditions are met.
The important characteristics of the cryptocurrencies
For some people, cryptocurrencies are the savior of the economy. This is because these can give the perks that not all banks or other financial institutions can provide.
Here are the unique characteristics of the cryptocurrencies which you cannot find in the conventional means of transactions.
No third party involved
There will not be third parties like financial institutions, governments, or any other third party organizations which govern the transactions between you and your recipients, and vice versa.
There is no third party that will intervene in your transaction. And it is a win-win solution with the P2P or peer to peer network. You can send cryptocurrencies through the P2P network and the other users will also be able to do the same for you.
Cryptocurrencies have more transparency
The problem with the conventional transactions is that one can ask for a refund and this will procure such unfortunate things to only one party.
As an example if your buyer has sent you a payment and you have delivered the goods but before the goods reach their destination, your buyer reverses the transaction your result could be that you will not receive the money you are owed and your buyer may have lead you.
You can avoid this issue with the cryptocurrencies transactions as these transactions are irreversible.
Not a single party can alter your transactions and this is why it can offer you more transparent transactions than the conventional fiat currencies.
Decentralized
There is no centralized place to transact at all so you can eliminate the high rates of fees when transferring money.
The cryptocurrency is maintained through the ledger technology called the blockchain. The blockchain prevents all other entities from tarnishing the data. Not a single person can alter the system so that your transactions will be safe and sound. We will discuss blockchain next.
Blockchain definition
Blockchain is bitcoin technology comes in the list of recorded data blocks, which are gathered by cryptography.
The recorded data in the blockchain is referred to as ledger. When there is a new data exchange, usually a transaction, a new block is added to the ledger or the blockchain.
In summary, the blockchain or ledger contains important information.
Cryptocurrency brokers
The era of virtual coin is upon us and is paving a golden path for traders. When trading cryptocurrency it is important to trade through reputable cryptocurrency brokers.
We list some notable cryptocurrency brokers below:
Etoro - being one of the top-rated cryptocurrency brokers it offers several currencies including ethereum, ripple, bitcoin and dash.
XTB - XTB too has a good name among traders and offers a wide range of such virtual currencies including litcoin, ethereum and bitcoin. It is placed as one of the top 5 cryptocurrency brokers in the industry.
Plus500 - it offers crypto throughout the day and night with good leverage for the most popular currencies like litecoin, ripple, neo, ethereum and bitcoin.
What is cryptocurrency?
Cryptocurrency is a virtual coin and is traded on cryptocurrency exchanges through cryptocurrency brokers.
Lately, cryptocurrency has continued to gain popularity. This has opened up lots of new trading tools and ways to trade including contracts for difference (CFD). They earn from the difference between the cost of an asset at the present time and what value it could become in the future.
Cryptocurrency wallets
Similar to other wallets this too facilitates storing, sending and receiving the currency. We explain the three types of cryptocurrency wallet below:
The hardware wallet
The hardware wallet is the most secure crypto wallet as all the data is stored offline. A few of the good examples are trezor, keepkey and ledger nano S.
The paper wallet
A paper cryptocurrency wallet is popular and it is secure. However, it is not as convenient as the hardware wallet.
The software wallet
The software wallet is the most conveniant among the three and can be managed from a desktop or mobile phone device. Some of the cryptocurrency wallets of note are exodus, jaxx and electrum.
Cryptocurrency exchanges
A cryptocurrency exchange is a place where buyers and sellers meet for the purpose of buying, selling or trading the virtual coins with the help of couple of cryptocurrency brokers.
Binance exchange is the most famous cryptocurrency exchange in the world and it offers crypto to crypto trading.
Combase is popular too and it offers trading on 100s and 1,000s of virtual currencies like litecoin, ethereum classic and bitcoin.
Localbitcoins, on the other hand, offers over-the- counter trading of virtual coins. Traders can post a currency for sale on its websites mentioning the rate and payment methods.
ICO and token
Abbreviated for initial coin offering the ICO is a kind of fundraising for a start-up. It is done by selling underlying tokens against ethereum or bitcoin.
ICO is similar to IPO in which traders buy company shares. Investors take an entry at early stage of the project and so are capable of making a profit with the success of the company.
However, one basic difference between the two is that any person from any place in the world can take part in the ICO.
Token meanwhile is a kind of cryptocurrency too but represents a specific asset. It is sometimes used as loyalty points that can be redeemed against discounts. It can also represent something uncommon like one token is 5 bitcoins.
The cryptocurrency mining
Just a little different with the fiat currencies, the cryptocurrencies are usually mined by miners. So, there is a phrase to describe the activity as the cryptocurrency mining.
To define it, it is a process in which the miners use powerful resources, in this case computers and adequate hardware to solve mathematical problems. These complicated problems need to be solved in order to attain the rewards.
To make it more challenging, these mathematical problems have cryptographic hash functions which are linked to the block which contains the information of the transaction.
These mathematical problems are tempted to solve with multiple miners.
So, when figuring out solutions for the problems, miners are competing with other cryptocurrency miners. It is about winning and losing. The winners will get small amounts of cryptocurrency.
The reward comes from the transaction fees the users pay. At least that is how major cryptocurrencies conduct and the other factor which also gives the rewards to the miner is the release of new cryptocurrency.
Cryptocurrency wallet
The cryptocurrency wallet is a digital wallet which the users use to deposit, store, hold, send, and receive digital currency or cryptocurrency.
Do not mistake it with concepts like paypal, payza, or various other digital currency systems. The crypto wallets do not serve as the storage of the cryptocurrency. The wallets only store the information in the form of public and private keys.
Meanwhile, the crypto itself is inside the blockchain. The users do not necessarily store their cryptocurrencies in their wallet. In summary, the cryptocurrencies wallet stores the important information which you can use to access your crypto assets.
Cryptocurrency exchange
When you have the cryptocurrencies assets, you may want to sell it to other users or, you could want to trade the cryptocurrencies. Here is where you will need to use a cryptocurrency exchange.
The cryptocurrency exchange is a platform which allows the users to buy, sell, or trade the cryptocurrencies.
Some exchanges only provide crypto-to-crypto trades, but some also allow the crossover currencies so that you can trade from crypto to fiat or fiat to crypto.
There are many cryptocurrencies exchanges that you can find on the internet. Some of them offer the trades for common cryptos such as BTC, ETH, BNB, USDT, and so on. But some also offer more wider array of currencies exchange.
Cryptocurrency brokers verdict
In current times, it is not exaggerating to say that cryptocurrency is the most volatile asset class that you can find.
It is due to the fact that it comes with the high speculative market not to mention that it currently disrupts the conventional economy so that many established players don�t see it to have inherent value.
Therefore, it is still safe to use the cryptocurrencies but in addition to fiat currencies.
We've collected thousands of datapoints and written a guide to help you find the best cryptocurrency brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best cryptocurrency brokers below. You can go straight to the broker list here.
Reputable cryptocurrency brokers checklist
There are a number of important factors to consider when picking an online cryptocurrency trading brokerage.
- Check your cryptocurrency broker has a history of at least 2 years.
- Check your cryptocurrency broker has a reasonable sized customer support of at least 15.
- Does the cryptocurrency broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your cryptocurrency broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your cryptocurrency broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your cryptocurrency can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering cryptocurrency brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below cryptocurrency brokers.
- What you are able to trade with each brokerage.
- Trading platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers micro, standard, VIP and islamic accounts.
Top 15 cryptocurrency brokers of 2021 compared
Here are the top cryptocurrency brokers.
Compare cryptocurrency brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are cryptocurrency brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more cryptocurrency brokers that accept cryptocurrency clients
Fxdailyreport.Com
Over the last few years, cryptocurrency trading has become one of the most attractive niches in forex trading. Other than it being extremely profitable, the lack of regulation is its biggest appeal. Still, cryptocurrencies like bitcoin, ethereum ripple, dash, and litecoin are dynamic, unstable instruments that need to be handled cautiously and in the most optimal way. To achieve this, you need to choose a trustworthy, well-established broker to carry out your cryptocurrency trading.
This is crucial to getting on the right track from the beginning when trading cryptocurrencies. When choosing a broker, it is important to note that not all are the same. A broker that meets the needs of another trader may not meet yours. Here are a few tips to help you choose the best forex broker for cryptocurrency trading:
- Regulation and reputation
To avoid dealing with an unprofessional broker and being scammed, you need to make sure all your crypto trades are made solely with a regulated broker. When choosing a forex broker to work with, make sure they are regulated within your jurisdiction to legally offer you their services. Regulated forex brokers are under constant supervision of the regulatory body. If you are in the UK, make sure to trade with a broker that is regulated by the FCA. If in europe, ensure they are regulated by the cysec. In case you are in australia, they should be regulated by the ASIC.
- An efficient trading platform
It is important to note that cryptocurrency trading is more volatile than forex. Therefore, it demands that the platform is superbly responsive to be able to make moves in time. A good broker’s platform should be efficient to use. To beat the competition, the best cryptocurrency brokers work to attract clients by creating an intuitive trading platform that is suitable for both experienced and new traders. They offer technical analysis tools and basic risk management features like take profit or stop loss. Other sites also offer additional features, including price alerts, social trading networks or advanced educational centers. The crypto trading platform should allow you to trade in the market manage your accounts, perform technical analysis, and receive the latest news on all cryptocurrencies.
Top recommended crypto forex brokers in 2021
broker | info | bonus | open account |
---|---|---|---|
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec | 50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. | Visit broker | |
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC | $100 no-deposit bonus, 100% deposit bonus | visit broker | |
min deposit: 0 spread: non-spread, fee 0.1% per trade leverage: non-leverage regulation: - | visit broker | ||
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN | 35% of the account deposit | visit broker | |
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA | visit broker | ||
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202 | visit broker | ||
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK | visit broker | ||
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC | visit broker | ||
min deposit: $10 spread: leverage: regulation: cysec | - | visit broker | |
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec | visit broker |
- Transparent fees and commissions
All brokers, whether trading crypto coins or forex, charge commissions and offer margin accounts to traders. A reliable forex broker for crypto coins should inform you precisely the type of fees and commissions they charge as well as the risks involved. The common fees and charges made by brokers include:
• wallet fees
• transaction fees
• trading fees
- Competitive technology
The last thing you want as a crypto trader is to get margin called simply because you could not log in to close an order. The cryptocurrency trading market is a 24/7 global market. The prices keep moving and are not limited to your time zone. Hence, when choosing a broker, you need to choose one whose platform offers full-time access.
For instance, when trading cryptocurrencies, mobile apps are a necessity as you may need to make or break deal-critical decisions throughout the day. If possible, consider using a reputable broker with a mobile app so that you are able to make successful trading decisions even while in transit.
- Access to crowd wisdom
Today, there are some broker platforms that let you leverage the wisdom of seasoned cryptocurrency traders. This feature can go a long way in improving your returns on investment. Such a trading platform lets you observe the hottest trading trends of other seasoned and successful traders in the market.
Digital currencies trading keeps growing in popularity by the day. More and more people, be it speculators or beginner traders want to be able to make key decisions on time, every minute. Therefore, they need to have a setup ready as soon as they are verified by a broker. When choosing a cryptocurrency broker to trade with, consider one that can quickly get you started so that you can begin trading with minimal downtime.
- User-friendly platform
This is one of the most important features to consider when choosing a trading platform to trade with. Digital money trading can be unclear, especially when a technical language is used. Also, because digital money works a little bit differently from any traditional money system. A good broker should be able to understand blockchain and cryptography terms. They should make an effort to explain it in their platform to make it easy to understand by a layman.
They should include clear notifications about the spreads offers, leverage available, deposit methods, the minimum cryptocurrency deposit to trade and the least amount that can be placed in a trade. Make sure you are able to establish all these details before registering with a broker.
- High-quality customer service
Cryptocurrency trading occurs 24/7. This demands the need for round the clock customer support. Better still, live support is highly preferred over auto attendants taking into consideration the intricacies involved in trading digital currencies.
- Deposits and withdrawals
Make sure to choose a broker that allows deposits and withdrawals through multiple platforms such as wire transfer, credit/debit card e-payment among others.
- Good financial backing
A good FX broker for cryptocurrency should have a sound financial backing. This ensures that your digital coins are safe and that the forex broker will not go bankrupt soon after signing up with them.
Cryptocurrency trading is a risky investment. New and fraudulent forex brokers for cryptocurrency trading are emerging every month, launching with crafty marketing campaigns intended to prey on an innocent investor. Therefore, ensure you proceed with caution. Cryptocurrencies are extremely volatile instruments to trade. So, ensure you are in the know of any breaking news, regulatory matters, and rumors which all dictate the market behavior. Above all, make sure you are working with a reputable, reliable and experienced broker.
While it would be easier to point a finger and tell you the best crypto broker, we know and understand that each client has different preferences. Be knowledgeable about all your options and think about how you can spot a broker that is safe now, and in the long-run.
Top 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!
Top 10 forex brokers offering cryptocurrencies 2021
Top rated:
Finding a legitimate forex broker offering cryptocurrency can be like navigating a minefield.
There are many inexperienced forex brokers that trade crypto as well as plenty of scammers who just want to take your money. On top of that, when you finally find a legitimate broker, you may end up disappointed with their service, professionalism or just their lack of trading options.
But it doesn’t have to be that way.
There are a number of reputable forex brokers out there that are the real thing and know how to handle cryptocurrency.
Table of contents
Top 10 best cryptocurrency brokers 2021 (forex brokers offering crypto)
Here are our top 10 best forex brokers for cryptocurrency trades.
1. Etoro
Etoro is a social trading platform that has been around since 2006 and has offices in london, limassol and tel aviv. In recent years they have gained a lot of attention by being able to provide a top-quality service as a broker for forex and cryptocurrency trades. Etoro currently offers traders 17 cryptocurrencies, which is a significant amount to choose from, and are managed by etoro’s expert investment committee. Etoro also boasts their ability to offer traders near-immediate execution of orders, a rare feature.
Another attractive point, particularly for new traders is the ability to get into trading crypto for as little as $25 with the range of more than 80 crypto assets that are offered by etoro. As well as the 17 direct cryptos, you have 16 crypto/crypto assets, and 64 crypto/fiat assets to trade in. All of these can be conveniently and safely transferred and stored with the etorox crypto wallet service providing a one stop shop for all your trading needs.
2. Avatrade
Avatrade is based in the republic of ireland and has been operating online since 2006. Currently, they’re in a partnership with manchester city FC and have won numerous awards for their service since 2009. With avatrade, you can trade on over 250 instruments, including 24/7 cryptocurrency trading and vanilla options. Cryptocurrencies available for trade include bitcoin, ethereum, litecoin, ripple, and interestingly, EOS, which is rare to see. They are also regulated by a large number of different organizations around the world.
Another appealing point of dealing with this well-respected broker is the fact you can trade through the trusted MT4 trading platform and get started with a low deposit starting at just $100. Another perfect point for new traders is the avaprotection feature that actually shields your account from losses for a short period. This is a very rare feature among brokers and perfect if you are just learning the ropes as a forex trader.
3. Plus500
Founded in 2008, plus500’s main focus is to be the no.1 CFD provider. Plus500 is currently the primary sponsor of atlético de madrid for the 2017-18 europa league and has one of the highest rated CFD trading apps on apple’s app store and google play. With plus500, you can trade nine different cryptocurrencies against the USD as well as trade ethereum against bitcoin. Plus500 is also listed for trading on the london stock exchange’s main market for listed companies.
It is also ideal for those new traders starting out since plus500 applies a low $100 minimum deposit for getting started and also caters for a completely unlimited demo account to help you learn and grow with freedom. Added to a very user-friendly trading platform, their appeal is further boosted by a zero cost policy. This means that many of the most common actions you undertake on the platform will have no fees at all. A great way to reduce your trading cost with a top broker.
4. Pepperstone
Pepperstone is an australian company that has been operating since 2010. Since then, they have been very successful in launching mobile apps and winning numerous awards over the last few years from the investment trends FX awards, including one for educational materials. With pepperstone you can trade bitcoin, bitcoin cash, ethereum, litecoin, dash, and ripple. Additionally, they are also regarded as one of the world’s largest MT4 FX brokers who also incorporate a wide range of social trading features that further boost their appeal in the sector.
Pepperstone features a common minimum deposit for industry leaders at a figure of $200. This represents good value when you consider their status in the industry as a top broker and also the fact that spreads here start from rock bottom at 0 pips. An active trader program is also in place to help you bring costs down even further and reward loyal traders for staying with this industry giant.
5. XTB
XTB has offices in more than 10 countries including belize, UK, poland, germany, spain, and france. For 2018, XTB has been voted the highest rated FX & CFD broker by the wealth & finance international awards and offers traders access to a wide range of markets. In their 12 years of service, they have accumulated a number of awards, including some from forbes and bloomberg. With XTB, you can trade bitcoin, dash, litecoin, ethereum, and ripple.
All of these assets and more, a total of 1,500 in all, are available to trade with no minimum deposit required. This makes the broker a very attractive prospect for new traders breaking into the industry or experienced traders who may want to try crypto trading in one of the 25 available markets for the first time. This kind of flexible approach is something that has worked to keep XTB at the head of a very competitive industry for more than a decade.
6. IG markets
Operating since 1974, IG markets are primarily focused on spread betting and cfds. They offer traders six cryptocurrencies including bitcoin, which is quite a significant number for an established broker. They also have an active trading community, including a forum where traders share ideas, which is quite useful for beginners. You will have a vast range of markets available at IG to share ideas on. There are a total of more than 15,000 to choose from. This includes a selection of 8 of the most popular crypto assets and 90 forex pairs.
The minimum deposit to get started with trading at IG markets is $300 but this slightly higher amount is well offset by the very competitive spread offered by the broker that starts at 0.6 pips. As well as offering the respected MT4 trading platform, the broker also provides access to their own proprietary trading platform that is very user-friendly and intuitive.
7. Axitrader
Founded in 2007 in sydney, they primarily have offices in the UK and australia. Axitrader is compatible across a number of devices and offers MT4 for both android and iphone. They also claim to have a 24-hour support team available in your time zone and in your language and a 30-day free demo. Currently, axitrader offers traders cfds on bitcoin with a max trade of 10 lots and a leverage of 2:1, and is a good place to start for people who want to experiment with it.
New traders in particular may be enticed to trade cryptocurrency here since the broker has no minimum deposit amount required. This is a great attraction given that they provide for over 140 assets in total across a range of markets. Further appealing is that many of these markets are provided at very competitive rates with a spread that starts from 0 pips on forex markets.
8. NAGA trader
Naga markets is a very well-known and respected european broker who has crafted a positive reputation based on their good treatment of traders over their years in the industry. They are also in a very unique position as being one of the few regulated forex brokers in the world who offer their very own cryptocurrency, the naga coin (NGC). This extends a broad appeal to the wider market of crypto traders who can also deposit through cryptocurrency. There is also no minimum deposit so the broker is a very accessible proposition to many getting started in trading.
As well as trading in its own crypto and secure storage for your balance through their own safe wallet, naga markets also offers 2:1 leveraged trading in many crypto assets including bitcoin, bitcoin cash, ripple, and more to traders based in the EU. If you are still not convinced or you simply wish to try it out, then a full unlimited demo account is also on offer to all.
9. Swissquote
Last but not least on our listing of top crypto brokers is swissquote. They offer not only brokerage, but also banking services, and provide for a total of 5 crypto assets when you are trading through one of their three available account types. A standard account here is very appealing to new traders since there is no minimum deposit.
The premium and prime accounts here come with a respective minimum deposit of $1200, and $2000 with the trading conditions and spreads on the available assets becoming more competitive as your deposit increases. Swissquote also has a robo-advisor service that can automatically suggest trades based on your preferences and certainly appears to be a very popular broker choice among more experienced traders.
What is a crypto asset?
When you are considering trading cryptocurrency, you should be aware that there are actually several types of what are termed “crypto assets”. These can fall into three main categories as follows.
- Cryptocurrencies: this means directly buying and trading a particular crypto at the prices offered, similar to as you would through a crypto exchange.
- Cross-crypto: these assets are where you trade one asset in a pair with another, for example BTC/ETH. This is just as you would trade with forex currency pairs. These can also be known as crypto/crypto pairs.
- Crypto-fiat: this is trading cryptocurrency in pairs with regular forex currency. This usually means crypto on USD, but depending on the broker, more fiat currencies (such as GBP, EUR, and more) may be available.
- Cryptos-commodities. Trading cryptocurrency in pairs with a commodity (like BTC/XAU)
Trading cryptocurrencies cfds
Trading cryptocurrency cfds is just like trading cfds on other asset types. With cfds trading, you will not own the underlying asset, in this case, the cryptocurrency. This is typically one of the two options offered by most forex brokers dealing in crypto. You will likely have the chance to trade them as “real” too. This would mean you own the asset. If you are trading with leverage though, you typically have to trade cryptocurrency as a CFD.
How to deposit cryptos
The first point to note here is that depositing in cryptocurrency to trade cryptocurrencies with a forex broker is not mandatory. You can also trade crypto from your standard account balance in fiat currency like USD, EUR, GBP, or others.
Some brokers do offer crypto deposits though. In that case, these will typically be quite cheap with few fees charged due to the decentralized nature of cryptocurrency and the ability to minimize fees. It will take a little longer though. Bitcoin and others can sometimes take up to 6 hours and this can vary, not really depending on the broker, but the blockchain.
The one thing you have to be very precise about when depositing crypto with your forex broker is to use the correct wallet address. This can be obtained as part of the account opening process, and if you need to verify policy or information, you should definitely double check with the broker customer support first, as any crypto sent to the wrong wallet address can be very difficult to retrieve.
Best cryptocurrency brokers to trade with in 2021
5 popular regulated crypto brokers
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading cfds.
You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
The cryptocurrency market is more live than ever. If we want to get on the right track right from the beginning, we need to choose our crypto broker carefully. Every broker offering crypto trading is not the same. If a broker meets the requirements of one particular client, it does not mean that it will also meet yours. There are several aspects to think about when choosing your cryptocurrency broker.
How to go about choosing the best crypto broker
Regulation and reputation
To avoid being scammed or treated unprofessionally you should trade solely with regulated brokers. Only brokers that are regulated in your jurisdiction can legally offer services to you, such companies are under constant supervision of the regulatory body. There are 2 major financial regulators in europe; the cysec and FCA. A broker that is regulated by one european regulator has the right to provide cross-border services to other members of the european economic area.
A broker that is, for example, regulated in cyprus by the cysec provides the same investor protection even for a trader from the UK, germany, netherlands or any other EEA country member.
In australia and south africa, the most prominent financial regulators are the ASIC and FSCA, respectively.
Cryptocurrencies we want to trade
Before you open your trading account at a brokerage company, you have to first to find out whether the broker you are considering offers all the cryptocurrencies you want to trade. Bitcoin, ethereum, and litecoin can be traded almost everywhere. Less popular cryptocurrencies like IOTA, monero, zcash, and others might, however, not be available on every trading platform. In case you want to trade them at any point, keep this in mind and make sure it will be possible.
Leverage – multiplying your capital
Cryptocurrencies are volatile in their very nature, but if you want to trade with bigger capital than you have you can take advantage of leverage. All brokers that are regulated in the EU follow ESMA laws and offer leverage 2:1. Remember, however, that leverage does not only multiply your earnings but also your losses, should your prediction be incorrect.
Negative balance protection – necessity
You probably do not want to trade with a broker that does not include negative balance protection in the package. The negative balance protection feature ensures you never lose more money than you invest. All users that trade with a broker that is e.G. Licensed by the cysec regulator are protected against negative balance.
Appropriate capital according to your possibilities
How much do you plan to trade with? Does your crypto broker offer to trade with a small starting capital? If not, is it an obstacle for you? Or do you plan to trade in big in order to make that big money? Decide for yourself before you choose your cryptocurrency broker.
Fees – as low as possible
Let's face it, no one really likes them, but they are always there. Yes, we are talking about fees. We know that brokers have to finance their operation somehow, but the lower the fees are, the better. In general, most cryptocurrency brokers we know charge your account with a spread (i.E the difference between the ask and bid price) and with an overnight fee. It is quite hard to determine which broker has the lowest fees as they are not fixed and they tend to change according to the current market conditions. They are also quite different for bitcoin as well as other cryptocurrencies, so while one broker might have very competitive spreads on bitcoin, they might charge high spreads on stellar, or other altcoins. For that reason, the best practice is to open a demo with a reputable company to see what spreads a broker charge in real-time on cryptocurrencies you want to trade.
Overnight fees
While the spread is plausibly the most substantial fee you will have to face when trading, you should also know how big is the overnight fee charged by your broker. The overnight fee is deducted from your balance if you stay in a position overnight. This expense should be monitored especially by traders who want to hold on to their cryptocurrencies for a while.
Trading platform
To beat their competition, the world's leading cryptocurrency brokers try to attract clients to an intuitive trading environment suitable for both experienced and inexperienced traders. Almost all brokers include in their offer technical analysis tools and basic risk management features like a stop loss or take profit. Most companies do not, however, limit their offer only to the mentioned necessities and also offer price alerts, advanced educational centres or perhaps even a social trading network. Here are a few special features that one of the top european and australian crypto providers have to offer.
Broker | special features | special features |
etoro | allows you to follow and copy other traders | 30 crypto pairs |
XTB | MT4 & xstation 5 | comprehensive educational centre |
plus500 | price alerts (via an email or SMS), beginner friendly trading platform | trailing stop |
IQ option | an award-winning in-house built platform, online chat with other traders | crypto digest videos (twice a week) |
capital.Com | A wide range of crypto crosses pairs |
5 popular regulated cryptocurrency brokers
Etoro
Plus500
IQ option
Roinvesting
The best crypto broker – FAQ
what is the best cryptocurrency broker?
To answer what is the best cryptocurrency broker, we would have to know your needs and preferences. Having said that, you should look for a broker that is regulated in your country, has competitive fees and features cryptocurrencies you want to trade.
Regulation
If you are based in europe, you should look for a broker that is regulated in at least one european country. The most common financial regulator in europe is the cysec which is headquartered in cyprus. If you are based in australia, look for the ASIC regulation (A regulatory body that oversees the financial market in australia). If you are based in the US look for the CFTC regulation.
The number one fee when trading with a CFD broker featuring cryptocurrency trading is going to be the spread. Visit a broker that you look and check their website to see what spreads they charge. You can find this info either directly on their trading platform or on a page that is dedicated to the broker’s fees.
Tradable cryptocurrencies
Each broker features different assets. The most common ones usually have all brokers, but if you are looking to trade some less popular altcoins, make sure your broker offers them.
can I try cryptocurrency trading risk-free?
Yes, you with most cryptocurrency brokers you can open a free demo account on which you can trade with play money. No initial deposit required.
⭐ what cryptocurrencies can I trade with cryptocurrency brokers?
It depends on what crypto broker you choose. Nearly all cryptocurrency brokers feature bitcoin, ethereum and ripple, but only some allow trading other-less popular coins. In this article, you could find all cryptocurrencies that some of the best crypto broker feature.
Conclusion – the best crypto broker
It would be easy to point a finger and say this is the best crypto broker for you to choose. We, however, know that each client has different preferences so while one trader might want a trading platform with the lowest spreads to day trade cryptocurrencies, the other might rather appreciate a copy trading system to follow the world’s most successful investors. The brokers featured in this article are one of the most popular regulated cryptocurrency brokers out there, the decision what is the best crypto broker for YOU is, however, in your hands.
- 3# crypto chart patterns for day trading
- the best hodling techniques
- how to short any cryptocurrency like a pro
And much more can be found in our crypto section.
2 comments
Hi michael. I’m retired and simply want to augment my pension with some of the crypto gravy. I have no idea where to start, I only now trade some stocks.
I’m getting some ads with amazing sounding promotions. Brokers that promote a 90% win robot, then when you sign up, a broker – usually from london – calls to see if they can help you trade. I want hands off till I learn. Is there anyone licensed you trust that can provide trading for me. I’ll send in some funds, and they can manage it and take a small cut. Is there a good brokerage out there?
Hello ian,
I bet there are many people who would love to trade with your funds, but be very careful. From my experience, 99% of robots do not work and the people behind them are simply scammers. That being said, you have two options if you want to get in cryptocurrencies. You can either learn how to trade on your own (the better option) or you can use a copy-trading system. Etoro has probably one of the most sophisticated copy-trading systems out there, so that could be your pick. Once you log-into to their platform, find a trader who trades cryptocurrencies and has stable performance. After that, you can start copying his/hers trades (this is done automatically). Best of luck ian!
PS: all brokers that are featured on this page are regulated either by the british financial conduct authority or by the cysec in cyprus.
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Tradingbeasts helps individual traders learn how to responsibly trade binary options and cfds. We actively trade, publish educational articles and news. We review and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns that we come across. We are also a community of traders that support each other on our daily trading journey.
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All information on this website represent subjective views of the authors and they are solely informational. We do not give investment advice. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles .Published on the tradingbeasts website. When you trade binary options or cfds products you are exposed to a high risk of loss. We review and rate companies offering trading platforms for binary options and cfds. We do our best to warn people about scams and promote only companies we personally consider to be very good. From some of these companies, we may receive compensation. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy
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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.
Pricing
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 cryptocurrency brokers
ranking | broker | country | cryptocurrencies | min. Deposit | founded | U.S clients | security | full review |
---|---|---|---|---|---|---|---|---|
01 | china | 800 | $250 | 2012 | no | 4/5 | read more | |
04 | united states | 250 | $250 | 2008 | no | 4/5 | read more |
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Bitcoin brokers: top 5 cryptocurrency brokers 2020
If you want to buy bitcoin with a debit card online, you will need to use a cryptocurrency or bitcoin broker. The process is super-easy, and merely requires 10 minutes of your time. Simply open your bitcoin account with your chosen bitcoin broker, deposit funds, and that’s it.
With that said, knowing which cryptocurrency broker to sign up with is no easy feat, as there are now hundreds to choose from. In this article, we explore the best five brokers to buy bitcoin in 2020. We explain key metrics such as the broker’s regulatory status, supported payment methods, tradable coins, and minimum deposit.
On this page:
Our recommended bitcoin broker for 2020
If you don’t have time to read through our top five picks, we would suggest opting for etoro. The regulated platform allows you to buy bitcoin with paypal and other methods, such as a debit/credit card, paypal, skrill, or a local bank transfer. Fees are also competitive, as the broker does not charge any trading commissions.
Etoro : best bitcoin broker for 2020
- Cysec, FCA and ASIC regulated
- Paypal accepted
- Buy 15+ coins outright or trade crypto cfds
- US-friendly
Top 5 cryptocurrency brokers 2020
So now that you know what to look out for when choosing a bitcoin broker, you’ll be sure to find a platform that best meets your long-term investing goals. However, if you don’t have time to perform your own research, why not consider the merits of the recommended brokers listed below? Each broker meets our strict set of requirements, such as holding at least one tier-one regulatory license, low fees and commissions, high trading volumes, and heaps of everyday payment methods.
1. Etoro - best overall bitcoin broker
Our top-rated bitcoin broker is etoro. First and foremost, the platform is ideal if you're buying cryptocurrencies for the very first time. This is because the broker is easy to use, and it takes minutes to open an account. Moreover, the platform supports heaps of everyday payment methods - such as a debit card, credit card, bank transfer, paypal, skrill, and neteller. If you check out our etoro review you'll see it is also strong in the fee department. For example, you won't need to pay any trading commissions, so it's just the spread that you need to look out for. You can also deposit funds for free, although withdrawals come at a small cost of $5 per transaction. On top of bitcoin, etoro supports lots of other cryptocurrencies.
This covers both fiat-to-crypto (like BTC/USD) and crypto-to-crypto (like BTC/ETH) pairs. We also list etoro as our number one cryptocurrency broker because of its copy trading feature.
This allows you to mirror the trades of other users, proportionate to the amount that you wish to invest. Most importantly, etoro is heavily regulated. This includes licenses with the FCA, ASIC, and cysec. This ensures that your money is held in segregated bank accounts.
Regulation: ASIC, FCA, cysec
Special features: copy trading feature allows you to copy the trades of other investors
Demo account: yes
Educational material: lots of educational guides for newbie traders
Fees: no trading commissions, average spreads
Minimum deposit: $200
Volume: high trading volumes
Deposit and withdrawal conditions: minimum withdrawal of $50
Payment methods: credit/debit card, paypal, sofort, rapid transfer, skrill, wire transfer, neteller, webmoney, unionpay
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.
So, let's see, what we have: compare the best cryptocurrency brokers for 2021. Read our cryptocurrency brokers guide. Our pros compare and list the top trading cryptocurrency brokers. At top cryptocurrency brokers
Contents of the article
- New forex bonuses
- Top cryptocurrency brokers for 2021
- Best cryptocurrency brokers guide
- Are you interested in investing in cryptocurrency?
- Defining cryptocurrencies
- The important characteristics of the...
- No third party involved
- Cryptocurrencies have more transparency
- Decentralized
- Blockchain definition
- Cryptocurrency brokers
- What is cryptocurrency?
- Cryptocurrency wallets
- Cryptocurrency exchanges
- The cryptocurrency mining
- Cryptocurrency wallet
- Cryptocurrency exchange
- Cryptocurrency brokers verdict
- Reputable cryptocurrency brokers checklist
- Top 15 cryptocurrency brokers of 2021 compared
- Fxdailyreport.Com
- Top recommended crypto forex brokers in 2021
- 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...
- What is the difference between a cryptocurrency...
- Trade cryptocurrency online using CFD services
- Trading cryptocurrencies – getting started with...
- How to make money trading crypto
- How to choose the best cryptocurrency trading...
- Top 10 forex brokers offering cryptocurrencies...
- Top 10 best cryptocurrency brokers 2021 (forex...
- 1. Etoro
- 2. Avatrade
- 3. Plus500
- 4. Pepperstone
- 5. XTB
- 6. IG markets
- 7. Axitrader
- 8. NAGA trader
- 9. Swissquote
- What is a crypto asset?
- Trading cryptocurrencies cfds
- How to deposit cryptos
- Best cryptocurrency brokers to trade with in 2021
- 5 popular regulated crypto brokers
- How to go about choosing the best crypto broker
- Regulation and reputation
- Cryptocurrencies we want to trade
- Leverage – multiplying your capital
- Negative balance protection – necessity
- Appropriate capital according to your...
- 5 popular regulated cryptocurrency brokers
- The best crypto broker – FAQ
- what is the best cryptocurrency broker?
- can I try cryptocurrency trading risk-free?
- ⭐ what cryptocurrencies can I trade with...
- Conclusion – the best crypto broker
- Best cryptocurrency brokers
- Best crypto brokers and trading platforms:
- Best crypto brokers
- Commissions
- Account minimum
- 1. Best for social trading: etoro
- 2. Best for ease-of-use: gemini
- 3. Best for new investors: coinbase
- 4. Best for gold investments: itrustcapital
- 5. Best for high volume forex traders:...
- 6. Best for accessibility: altrady
- 7. Best for multiple exchanges: voyager
- Crypto advantages vs. Disadvantages
- Cryptocurrency vocabulary
- Are you ready for the future?
- Top 10 cryptocurrency brokers
- Latest from our blog
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- Bitcoin or ethereum: which is better to buy?
- Ethereum price forecast for 2020: what will...
- Top 5 bitcoin trends in 2020
- Coronavirus vs. Bitcoin: analyst says it will not...
- Bitcoin brokers: top 5 cryptocurrency brokers 2020
- On this page:
- Our recommended bitcoin broker for 2020
- Top 5 cryptocurrency brokers 2020
- The best brokers for crypto trading in 2021
- The best crypto brokers for 2020
- How we find the best brokers for crypto trading
- Discover our top cryptocurrency brokers
- Do cryptocurrency brokers offer trading bonuses?
- Discover the best crypto trading platforms
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