Trading Bitcoin, Ethereum, Ripple, Litecoin or BitcoinCash is now easier than ever. There are many cryptocurrency brokers that have these cryptocurrencies on their platform.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:
Binance – Best All-Round Crypto Exchange
Binance is not a broker, but an exchange. You can buy cryptocurrencies directly with fiat money (EUR, USD, AUD etc) and withdraw the crypto to your own wallet.
You can use the following Referral ID, when signing up, to get a fee discount: 11285553
- Biggest crypto exchange
- Has the most amount of coins (over 150 coins)
- Your account does not have to be verified in order to withdraw crypto (up to 2 BTC per day)
- Very low costs and reputable company
- Not available in a few US states
Best Cryptocurrency Brokers (Non-US Traders Only)
78% of retail investor accounts lose money when trading CFDs with this provider. eToro USA LLC does not offer CFDs, only real Crypto assets available for US traders. AFSL 491139.Capital at risk. See PDS and TMD.
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 have to complete a questionnaire, upon sign up
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
AFSL 491139. Leveraged positions and short positions are OTC Derivatives, regulated financial product. Capital at risk. See PDS and TMD.
Non-leveraged buy positions are real crypto assets and not regulated. No consumer protection. Capital at risk.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Customers cannot trade Crypto-CFDs under the FCA regulation.
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)
- They don’t allow traders from USA, Japan and Israel
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)
- You cannot withdraw any cryptocurrency
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.
Lowest Minimum Deposit Brokers
These are the best brokers with low minimum deposit requirements:
- Etoro – $200
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.
If you have a buy and hold strategy instead of trading, you can use Binance (referral code: 11285553), the #1 rated cryptocurrency exchange: Binance Homepage| Rank | Broker | Min. Deposit | Regulated | Features | Visit* |
|---|---|---|---|---|---|
|
1
|
 |
$250 | YES | + US TRADERS ONLY | |
|
3
|
 |
$10 | YES | + CRYPTO/BINARY TRADING | |
|
2
|
 |
$200 | YES | + CRYPTO TRADING |
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
AFSL 491139. Leveraged positions and short positions are OTC Derivatives, regulated financial product. Capital at risk. See PDS and TMD.
Non-leveraged buy positions are real crypto assets and not regulated. No consumer protection. Capital at risk.
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.
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.
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.
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.
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
No broker is perfect.
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
Cons
- Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)
Ready To Start Trading?
Trade with the cryptocurrency brokers listed above to make sure that your money is with a trusted company, 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.
Yes, Finding the trusted Cryptocurrency Broker is really important to start trading
how do I know in witch broker is the best for me’ I don’t paying a little if he provides the right info.
You can check the list above.