List of cryptocurrency brokers

The era of virtual coin is upon us and is paving a golden path for traders.

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Top Cryptocurrency Brokers for 2021, list of cryptocurrency brokers.

When trading cryptocurrency it is important to trade through reputable cryptocurrency brokers. 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.

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

Crypto brokers and exchanges

You can’t deny it: the trading world is buzzing, and the main reason is cryptocurrencies. Trade them, invest for the long-term or simply buy them because you believe in the real-world use of that certain coin. As more and more people rush to cryptocurrencies, new crypto brokers and crypto exchanges are offering bitcoin and altcoins to buy or trade.

But just like in the case of other online trading products, not all crypto brokers/exchanges are the best, so you need to research each one before investing with them. Fortunately, the hard work has been done by us already, so we will help you make the difference between them by bringing you top-notch research, statistics, and unbiased opinions, as always. Check out all our reviews of crypto brokers and crypto exchanges below to separate the good ones from the ones that suck!

Sponsored

Broker name

Regulated

Minimum deposit

Type

Score

crypto

broker name	regulated	minimum deposit	type	score
24option	yes	100	broker	1 / 10
IQ option	yes	10	broker	9.3 / 10	visit now
ayrex	N/A	25	broker	8.0 / 10
nadex	yes	250	broker	9.3 / 10	visit now
olymptrade	yes	10	broker	8.4 / 10
expertoption	yes	10	broker	8.8 / 10	visit now
itrader	yes	250	broker	8.0 / 10
libertex	yes	10	broker	7.8 / 10
etoro	yes	200	broker	9.5 / 10	visit now

Crypto brokers/exchanges list 2020

Search for brokers and exchanges

If you are a crypto enthusiast, you will want to do more than just read articles about bitcoin or watch coinmarketcap for the latest changes. Indeed, you will want to buy and sell a cryptocurrency, to trade it in order to make a profit. But whether you want to buy some bitcoins and let them linger on your hard drive until their price reaches the moon or you want to actively trade every day, you need a crypto broker or a crypto exchange. That’s a fact!

What’s also a fact is that there are tens maybe hundreds of brokers and exchanges that offer cryptos, so finding one shouldn’t be a problem. However, finding one that fits all your requirements can prove a bit more difficult.

Learn about brokers and exchanges

Before giving them your hard earned money, you need to learn all you can about the crypto brokerage or crypto exchange. Where are they located? Do they actually have a physical address or just a virtual office or a PO box? More importantly, are they regulated by one of the major regulatory agencies like cysec (cyprus), FCA (united kingdom) or ASIC (australia)? Or maybe by another, local regulator? These are all things you need to research.

Then there are trading conditions, which are of course a major part of trading. What are the spreads? Are they too high? Because you wouldn’t want to see your trading profits eaten up by spreads or any other trading fees. And of course – withdrawals: how much time does it take, what are the methods, and in case of crypto brokers: do they allow withdrawals to a crypto-wallet?

Another thing to look at is how many cryptocurrencies they offer. Many crypto brokers also offer forex and cfds on stocks, indexes and commodities apart from cryptos, so you need to see how big is the crypto offering if you know this is what you will be trading. If they say they are a crypto broker but only offer bitcoin, ethereum and litecoin, well, that’s not really a crypto-oriented broker. With crypto exchanges, things are different of course, because they only offer crypto buying and selling, not FX or CFD.

Everything we talked about so far and more will be compiled into the “that sucks! Score”, which ranges between 0 and 10. Keep in mind that traders just like you are able to add their review and that will count towards the overall score.

Choose the right crypto broker or crypto exchange

Finally, it’s time to choose what brokerage or exchange you will be using. Remember that you will trust them with your initial deposit and potential profits. While this is technically your money, it is in their possession, so it’s needless to say that if you are dealing with a scam company, you will have a very difficult time getting your money out.

Everything from deposits, withdrawals, trading conditions and much more is covered in our unbiased broker reviews. Also, they are constantly updated and we re-visit each relevant broker and exchange from time to time to see what they’ve changed or how they evolved. Keep it safe and stay away from crypto brokers and crypto exchanges that suck!

Crypto broker vs crypto exchange

So far we’ve been talking a lot about brokers and exchanges and it’s time to explain the difference so we’re all on the same page: when trading on an exchange you buy and sell cryptocurrencies from other traders (or from the exchange itself) and you end up owning the coins that you buy. On the other hand, when dealing with crypto brokers, you only profit from the fluctuations of the price (assuming you get the direction right – buy or sell) and will not own the coins.

Another big difference is that you can get your crypto coins out from an exchange and do whatever you want with them. As I’ve said: you own them. With brokers, however, you simply trade a contract for difference on cryptocurrencies and have the possibility to make a profit from the price fluctuation but you cannot withdraw the coins that you are trading. You actually buy a contract on price fluctuation, not the coin itself.

To help you properly understand the characteristics and differences between crypto brokers and crypto exchanges, along with pros, cons, and risks associated with each one, we’ve prepared a full article titled investing vs trading cryptocurrencies. Both options are great, you just have to decide which one suits you.

Crypto brokers

A broker is a general term used for a venue where you can trade contracts for difference (CFD) on cryptocurrencies. In other words, the trader decides on the direction of the trade he/she wants to open and then, he/she makes a profit or a loss depending on how the coin behaved. Sells will be in profit if the coin depreciates and buys will be in profit if the coin appreciates.

Usually, crypto brokers offer easy to use trading platform, a friendly user interface, proper customer support and – maybe the most important feature – leverage, which means that the trader can control (open) a bigger position with just a fraction of its entire value (this also increases risk, so be aware). For a more in-depth view on crypto brokers, check out trading cryptos with CFD brokers.

Crypto exchanges

At exchanges, you buy and sell the actual coin, not a contract on its price movement. As said before, this means that you own the coin you buy and you can dispose of it in any way you like. Their trading platforms usually offer a lot of features to help with technical analysis and appeal to a more sophisticated type of trader but with a bit of practice, anyone can understand how to use them. For a complete guide on types of crypto exchanges, how to use them and more, read our article crypto exchanges: everything you need to know.

Best crypto trading forex brokers for 2021

Below you will find a list of forex brokers that offer cryptocurrency trading instruments (e.G. BTCUSD, ETHUSD, LTCUSD) and allow account funding with major crypto coins. In most cases, these are bitcoin, etherium and litecoin, although certain companies provide more options. Blockchain technologies made crypto transactions very simple and highly anonymous. Hence, some forex brokers don’t even require to undergo an account verification process before you can deposit or withdraw some funds in the form of cryptocurrency.

Who are crypto forex brokers? These are forex brokers that also list cryptocurrency assets on their platforms, usually in combination with fiat currencies to form a crypto-fiat pairing. Examples of crypto-fiat pairs include BTCUSD, DASHUSD, ETHUSD and LTCUSD. These cryptocurrency assets are CFD instruments and do not warrant owning the actual cryptocurrencies in itself.

What crypto assets are offered by crypto forex brokers?

Assets that are offered by crypto forex brokers include various pairings between cryptocurrencies and fiat currencies. Popular cryptos used in these pairings are bitcoin (BTC), ethereum (ETH) and litecoin (LTC). However, other cryptos such as DASH, ripple, NEO and stellar lumens have emerged as crypto assets that are making their way onto platforms featured by crypto forex brokers. Fiat currencies which are used as the counter asset in these pairings are US dollar (most popular), euro and british pound. So you get to find pairings such as BTC/USD, ETH/USD, LTC/USD, DASH/USD, BTC/EUR, etc. The exact combinations will differ from broker to broker. These crypto assets are usually listed on popular platforms such as the MT4, where they can be traded just like any other currency pair of CFD asset. You can use market or pending orders to setup trades, or trade with the regular lot sizes featured on the platforms to setup your trades.

Account opening with crypto forex brokers

Opening an account with a crypto forex broker is quite simple, and follows the regular process of account opening, which involves filling an online form. Account verification is also easier, especially if you are going to use a crypto-only account, or if you will use cryptos for deposits and withdrawals. This is because cryptocurrency transactions are basically anonymous and do not require verification of the identities of the individuals involved in the transaction. So if you opt for a crypto transaction method for deposits and withdrawals, your account will most likely be opened for trading without verification.

Depositing/withdrawing funds on crypto forex broker platforms

Some crypto forex brokers require that you open a dedicated account that can be used to trade cryptocurrency assets, while others allow you to use the same regular trading accounts used to forex and cfds. In the last few years, some crypto forex brokers have opened up new payment channels that allow their clients to deposit and withdraw their holdings in cryptocurrencies. Bitcoin and ethereum are the popular cryptocurrencies used for such deposits and withdrawals. To be able to use these cryptos for deposit and withdrawal transactions, there is a need to get a wallet to be able to hold your assets. These wallets are usually provided by the crypto forex broker. Making a deposit in cryptocurrencies will require you to obtain BTC or ETH from a third party source exchange, store this in an external wallet, and transfer what you want to trade with to your wallet on the crypto forex broker platform. Withdrawals will also follow the same route. The advantage here is that the cryptos used in conducting your deposit transactions are held in a cold wallet and are not accessible to hackers, unlike the ones held in exchanges which are hot wallets and are vulnerable to theft by hackers. Brokers like simplefx typify an emerging trend where crypto forex brokers are increasingly dispensing with fiat deposit methods and replacing these with more crypto-based methods. Presently, simplefx allows users to deposit and withdraw funds in cryptos such as bitcoin, bitcoin cash, ethereum, dash and litecoin. It also offers e-wallets such as fasapay, skrill and neteller. You really would not even find the bank wire or card options here.

For other brokers, you will also be able to use conventional means of payment to transact on your account. This includes the use of bank wires, credit/debit cards and e-wallets such as skrill, neteller and webmoney.

More consistently, you will find that some of the crypto forex brokers in our list offer both fiat and cryptocurrency deposit and withdrawal methods. Thinkmarkets is an example of this hybrid transaction model, as it offers the fiat methods just mentioned as well as the bitcoin method using the bitpay wallet.

How were crypto forex brokers on this list selected?

Certain factors were considered in compiling the list of the best crypto forex brokers you can use today. These factors include leverage/margin requirements, security of transactions and spreads.

Leverage/margin requirements

Trading cryptocurrencies on forex broker platforms in europe and the UK has become very expensive, no thanks to the 1:2 leverage cap imposed by the european securities and markets authority (ESMA). Ordinarily, spreads on some cryptocurrency assets such as BTC/USD are quite high, and margin requirements as well as the inherent volatility of some of these assets may overwhelm most traders’ financial capacity. In compiling our list of the best crypto forex brokers, one of the criteria used for selection was to seek for platforms that had friendlier leverage provisions. The leverage provided by many of the brokers on our list for trading cryptocurrency assets ranges from 1:2 to 1:100. In terms of cost implications to the trader, what does this mean?

Trading LTC/USD with a leverage of 1:2 means that setting up a $100,000 position on this asset will require a margin of $50,000. But on a crypto forex broker platform like that of primexbt (one of the brokers found on our list), the leverage provided for trading this asset is 1:100. This means that you can trade a standard lot with a margin of $1000. Look at the difference in the two positions: $50,000 margin (UK/EU broker) as opposed to $1,000 margin (our broker). It goes without saying that this represents significant cost savings and using our brokers will make crypto trading on a forex platform cheaper.

Security of transactions

For those who opt to use the crypto-based funding and withdrawal methods, a key advantage of using crypto forex brokers is the safety of transactions. Rather than expose your crypto holdings in exchange-based hot wallets, you can use the same holdings in secure cold wallets to fund your account and trade the same assets as cfds. This represents a far more secure way to trade and enables the trader to have immense peace of mind. It should also be mentioned that most crypto forex brokers mentioned here are regulated, and so there is accountability in how business is conducted on those platforms. Using exchanges which are unregulated always carries risks, as users of cryptopia and quadrigacx have found out the very hard way.

Spreads

Cryptos tend to have higher spreads than any other assets on these crypto forex platforms. For instance, the spread on LTC/USD on simplefx is 14,800 points, or $148 for a standard lot position. But comparatively speaking, the spreads on crypto assets with our crypto forex brokers are lower than what you will get on other platforms. Spreads are the trader’s cost, and for assets that carry wider spreads, this cost simply needs to be kept as low as possible. By offering traders lower spreads, the savings that will be realized over time will prove beneficial for the trader.

List of cryptocurrency brokers

Below we show an updated list of the main online cryptocurrency brokers that offer bitcoin and other cryptocurrencies as speculation instruments (along with forex currency pairs, commodities, stocks and other instruments) through cfds and/or accept them as payment options for funds deposits and withdrawals.

Bitcoin is a digital cryptocurrency that offers a non-centralized way to obtain, transfer and store money. Currently, bitcoin (also known as BTC) is used by many companies on the internet to receive and make payments, including forex brokers . This is because BTC offers the clients of these companies a fairly convenient option to deposit and withdraw funds with almost no restrictions. Thanks to the tremendous success that bitcoin has had since its creation, other electronic cryptocurrencies have appeared, although its diffusion has been less important such as litecoin, ethereum and ripple.

Just like any other currency, bitcoin can be used as a counterparty in one currency pair (just like in traditional currency pairs ), allowing traders to speculate regarding the value or price of bitcoin relative to other currencies, such as for example, the united states dollar (BTC/USD) and the euro (BTC/EUR). The symbology used for bitcoin pairs is the same as that used in traditional currency pairs, with bitcoin being the base currency with BTC as symbol. For this reason, forex brokers have added cryptocurrencies to their offering of trading instruments.

In most cases, cryptocurrency brokers that offer bitcoin and other digital currencies for trading purposes use cfds ( contracts for difference ) as a trading vehicle, that is, as derivatives that allow traders to speculate with the price of cryptocurrency currency pairs ( but without actually owning the instrument), such as the aforementioned BTC/USD. In the case of cfds, the trader never buys or sells cryptocurrencies, what he does is speculated based on the price of these assets using cfds as a means of trading. However in other cases, the broker offers a true market to buy and sell cryptocurrencies directly using dollars, euros, pounds sterling and other currencies, and not through derivatives. This is the case of fxopen .

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.

Best cryptocurrency brokers

Luke jacobi

Contributor, benzinga

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 and 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 for security: kraken

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

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.

8. Best for security: kraken

Kraken takes a comprehensive approach to protecting your investments and builds in a number of sophisticated methods to prevent money or information theft.

Financial stability with full reserves

Healthy banking relationships

The highest standards of legal compliance

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.

List of cryptocurrency brokers

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 was the most valuable thing of this article: compare the best cryptocurrency brokers for 2021. Read our cryptocurrency brokers guide. Our pros compare and list the top trading cryptocurrency brokers. At list of cryptocurrency brokers