Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.

Best brokers for cryptocurrencies


There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.

Top-3 forex bonuses


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.

Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.


Best cryptocurrency brokers for 2021


Daniel ‘harris’ major


I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.


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


Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.


After trying out most brokers, here are the best cryptocurrency brokers:


Best cryptocurrency brokers (non-US traders only)


Plus500 – top rated trading platform


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


Buy/sell cfds on bitcoin in addition to buying stocks, commodities, forex etc (traded only through cfds). Plus500 is the most complete trading platform.



  • Trade cfds on bitcoin & many other cryptos

  • Minimum deposit is only $100

  • Regulated and trusted platform

  • Very fast signup process

  • Live chat

  • Many payment methods (even paypal)



  • You cannot withdraw any cryptocurrency

  • You have to complete a questionnaire, upon sign up


Plus500 disclaimer: 76.4% of retail CFD accounts lose money.


IQ option – lowest minimum deposit ($10)


If you don’t want to make a huge initial investment, then IQ option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.



  • You can trade many cryptocurrencies

  • Minimum deposit is only $10

  • Best trading platform

  • Multiple account currencies

  • Free demo account

  • Regulated by CYSEC (#247/14)


Etoro – top crypto broker


Etoro is a really popular trading site. They have been around since 2006. Etoro is regulated by CYSEC, FCA and ASIC.


Buy/sell bitcoin on etoro in addition to buying stocks, commodities, forex etc. Etoro is the most complete trading platform.



  • Trade bitcoin & many other cryptos

  • Minimum deposit is $200

  • Regulated and trusted platform

  • Australian traders are also accepted

  • Great support team

  • Many payment methods (even paypal)



  • You cannot withdraw any cryptocurrency

  • You have to complete a questionnaire, upon sign up


Etoro disclaimer: 71% of retail CFD accounts lose money.



Highlow – best all-round crypto broker


Due to regulation highlow stopped accepting traders from the EU and UK.


Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.


I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.


I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).


I have also tried the ios app and the android app. They are great, but I just don’t like trading on smartphones in general.


The payouts on highlow are amazing (up to 200%, which is more than on other brokers).


Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.



  • Trade bitcoin & other cryptos

  • Minimum deposit is only $50

  • Regulated and trusted platform

  • Fastest signup process (no questionnaires)

  • Multiple account currencies

  • Free demo account (no registration needed)


Nadex – US traders welcome


Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.


Only US traders are allowed on nadex. Non-US traders check out the next broker.


Update OCTOBER 2019: looks like nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on nadex now and get updated when they add it.


Recently, nadex started offering bitcoin trading.



  • Trade bitcoin, forex or binary options

  • Minimum deposit is $250

  • CFTC regulated broker

  • Great support team

  • Many payment methods (even paypal)


Crypto brokers with most cryptocurrencies


Here are the most popular cryptocurrencies offered by cryptocurrency brokers:



  • Etoro – bitcoin, ethereum, litecoin, dash, ethereum classic, NEO and ripple.

  • Plus500 – bitcoin, ethereum, litecoin, bitcoin cash, ripple, IOTA.

  • Avatrade – bitcoin, ethereum, ethereum classic, ripple, dash, bitcoin cash litecoin, monero and NEO.



Lowest minimum deposit brokers


These are the best brokers with low minimum deposit requirements:



  • Etoro – $200

  • Plus500 – $100

  • Avatrade – $100



This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.


We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.


Top rated brokers that have cryptocurrencies


While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?


Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.


Etoro disclaimer: 71% of retail CFD accounts lose money.


You still can’t decide which broker is best for you?


How to choose your cryptocurrency broker


Is leverage really necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.


Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Negative balance protection: it is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.


How suitable is the required capital for you? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.


Narrow spreads for the win: let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.


A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.


Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.


Which cryptocurrencies are you interested in trading?


Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.


If your choice is a prominent cryptocurrency like bitcoin (official site), litecoin (official site), or ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like monero, IOTA, or zcash may be a little harder to come by.


So study the cryptocurrencies being offered by a broker before you sign up for an account.


Pros and cons of cryptocurrency brokers


Here are some features that these broker have or don’t:
pros



  • Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading

  • If you are less tech-savvy then a broker is safer for you

  • You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method




  • Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)



Cryptocurrency brokers – what to look for


Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.


1. What are the weekend hours like?


This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.


There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.


But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.


2. How is it hedging?


Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.


Why is it so important for you to know?


Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.


More great features you could be interested in


Commissions and trading on margin – an important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.


Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or cfds. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.


Authenticity of market data – aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.


One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.


But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto cfds.


Are short sales available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.


As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.


And a lot of that is down to which broker you decide to trade with.


Ready to start trading?


Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.


These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.


Sign up now and see for yourself how easy it is to get started.



Best online brokers for buying and selling cryptocurrency in january 2021


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Cryptocurrency, especially bitcoin, has proven to be a popular trading vehicle, even if legendary investors such as warren buffett think it’s as good as worthless. Part of cryptocurrency’s popularity is due to its volatility, since these swings allow traders to make money on the price moves.


For example, at the start of 2017, the price of bitcoin broke through the $1,000 barrier. By the end of the year, the digital currency had reached nearly $20,000. Almost a year later, bitcoin was hovering around $3,200. But it sprung back to life in 2019, rising to more than $10,000 and has continued significantly higher since then — crossing the $20,000 level toward the end of 2020.


It’s this kind of price movement that has attracted traders looking to ride the waves to profit. While some traders like to own the currency directly, others turn to the futures market. Futures may be an even more attractive way to play the volatility of digital currencies such as bitcoin, because they allow traders to use leverage to magnify their gains (but also magnify losses).


Where can you buy and sell cryptocurrencies?


Traditional brokers have the advantage of offering a wide selection of investible securities, though typically you can’t trade bitcoin directly, only futures. Meanwhile, crypto exchanges are limited to digital currencies, though you can own the currencies directly and can often buy several, rather than simply bitcoin or bitcoin futures, as you would with a general broker. And paypal has also gotten in on the act, allowing U.S. Users to buy and sell cryptocurrencies.


Here are the best brokers for cryptocurrency trading, including traditional online brokers, as well as a new specialized cryptocurrency exchange. You might also want to check out which brokers offer the best bonuses for opening an account to determine where you can get a little extra.


Overview: best brokers for cryptocurrency trading


Robinhood


Robinhood is a great option for buying cryptocurrency directly. Not only that, you’ll get to take advantage of the broker’s wildly popular trading commissions: $0 per trade, or commission-free. And if you’re into more than just cryptocurrency, you can stick around for stock and ETF trades for the same low price. Robinhood’s slick app makes trading so easy, though those looking for a full-featured trading experience will be disappointed.


Commission: $0


Account minimum: $0


TD ameritrade


TD ameritrade is one of the top full-service brokers on the market, and not only does it offer access to traditional products such as stocks and bonds, but it’s expanded its offering to include bitcoin futures. However, TD ameritrade does not allow trading directly in the digital currency. You’ll need to meet the account minimum to get started with bitcoin futures. (charles schwab has purchased TD ameritrade, and will eventually integrate the two companies.)


Commission: $2.25 per contract


Account minimum: $25,000 for futures


Interactive brokers


Interactive brokers allows you to buy bitcoin futures rather than owning the currency directly. And in this broker’s case, you can actually buy futures on the chicago mercantile exchange, with all-in contracts costing $15.01 with five bitcoins per contract. In addition, interactive brokers brings its full suite of investment offerings, so you can buy almost anything that trades on an exchange.


Commission: $15.01 per contract


Account minimum: $0


Charles schwab


Charles schwab is routinely one of bankrate’s picks for top broker, and this investor-friendly company offers trading in bitcoin futures. Schwab also has no account minimum, but any futures contracts you trade will require some minimum margin to hold them open. Schwab offers an attractive commission of $1.50 per contract, and if you’re able to bring big money to the table, you’ll receive a welcome bonus, too.


Commission: $1.50 per contract


Account minimum: $0, futures margin depends on contract


Tradestation


Traders have a couple options at this broker, which has rolled out direct currency trading via tradestation crypto, with commission-based pricing for traders. Pricing is based on your account balance with the broker and whether your order is directly marketable. Normally pricing ranges from 0.25 percent of your order to 1 percent. Traders can also buy and sell bitcoin futures as well as take advantage of substantial volume trading discounts.


Commission: 0.25-1 percent


Account minimum: $0, but futures margin depends on contract


Coinbase


Coinbase is a specialized cryptocurrency-focused platform that allows you to trade digital currencies directly, including bitcoin, ethereum, litecoin and bitcoin cash. In total, you’ll have access to more than three dozen cryptocurrencies. You’ll also be able to store your coins in a vault with time-delayed withdrawals for additional protection. The exchange’s commission structure is steep. It charges a spread markup of about 0.5 percent and adds a transaction fee depending on the size of the transaction and the funding source.


Commission: at least 1.99 percent of the transaction value


Account minimum: $0


Bottom line


Whenever you’re selecting a broker, it’s important to consider all of your needs. And for new traders in cryptocurrency, you’ll want to figure out whether you want to own the virtual currency directly or whether you want to trade futures, which offer higher reward, but also higher risk.


You’ll also need to consider whether you want to trade more than bitcoin, which is what the majority of traditional brokers restrict you to. If not, you may want to turn to a cryptocurrency exchange, since they offer more choice of tradable cryptocurrency.



Best online brokers for bitcoin trading


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.
Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


The best crypto exchanges for US bitcoin trading offer three essential benefits. The first, and most important, is robust security with two-factor authentication, cold storage, and integrated safe wallets. Second is a user-friendly website and platform. Third, they provide access to trading a variety of cryptocurrencies like bitcoin and ethereum.


In our assessment and ranking of cryptocurrency exchanges, we focused on traditional exchanges headquartered and regulated in the united states, as well as the incumbent online brokers in the US, which are expanding to offer bitcoin trading on top of regular stock trading (e.G. Buying shares of apple or google).


Best bitcoin trading platform



  • Tradestation - best trading platform

  • Coinbase - best crypto exchange

  • Etoro - low fees

  • Kraken - maker-taker fee schedule

  • Bittrex - most altcoins

  • Gemini - offers gemini dollar

  • Robinhood - best mobile app


Here's a breakdown of some of the best online brokers for US crypto trading.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Best trading platform


As a trading technology leader, tradestation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades. Tradestation crypto allows you to buy, sell, and trade bitcoin, litecoin, ethereum, bitcoin cash and XRP. Tradestation crypto caters to both institutional and recreational clients. Read full review



Best crypto exchange


Founded in june of 2012, coinbase is the largest US-based cryptocurrency exchange, housing over 20 million users. Coinbase is best known for its easy to use website and crypto trading platform, coinbase pro. Coinbase supports 14 different cryptocurrencies for trading, including bitcoin (BTC), ethereum (ETH), and litecoin (LTC), among others.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Low fees - open account
promo offer: 0% commission stocks


Etoro is great for traders seeking zero-commission stock and ETF trades, an efficient platform, and access to copy trading. That said, there are hidden fees, education is sub-par, and etoro doesn't offer the same range of investments as traditional brokers. Etoro's crypto offering includes 16 different coins. Although crypto fees are cheap, you can only withdraw your crypto assets with a dedicated etoro wallet.


Maker-taker fee schedule


Kraken was founded in july of 2011 and offers trading on 18 different cryptocurrencies, including monero (XMR), ripple (XRP), and dash (DSH). Kraken currently offers a web platform but does not have a mobile app.


Most altcoins


Bittrex was founded in seattle, washington in 2014. Although bittrex doesn’t provide a mobile or desktop platform, it still offers over 100 tradeable coins, including bitcoin (BTC), ethereum (ETH), and litecoin (LTC).


Offers gemini dollar


Founded in 2015 by the winklevoss twins, gemini is a licensed digital asset exchange and custodian built for both individuals and institutions. Gemini lets users buy, store, and sell bitcoin (BTC), ethereum (ETH), litecoin (LTC), bitcoin cash (BCH), and zcash (ZEC), as well as the self-named gemini dollar (GUSD).


Best mobile app


Robinhood crypto allows users to trade bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), litecoin (LTC), dogecoin (DOGE), ethereum classic (ETC), and bitcoin SV (BSV). Ten additional coins can be added to a watch list. Robinhood crypto is best-fitted for users who trade multiple classes of assets. Read full review


Pricing details


Below is pricing information for each of the top online brokers for bitcoin trading. Each company uses a different structure.


Tradestation


Headquartered in plantation, florida, tradestation is a wholly owned subsidiary of monex group, inc., one of japan’s largest online financial services providers (1). Tradestation's roots date back to the 1982, when the company was formed under the name omega research. The company's flagship tradestation platform was launched in 1991, and tradestation group was a NASDAQ listed company from 1997 - 2011, until it was acquired by monex group (2).


Tradestation crypto features a simple pricing structure. Account balances below $100,000 pay a 0.50% maker fee and a 0.50% taker fee. Account balances over $100,000 don’t pay a maker fee, paying either a 0.25% or 0.125% fee based on account size. At this commission rate, it would cost $5.00 to buy $1,000 worth of bitcoin (BTC).


Coinbase - coinbase.Com


If buying bitcoin from a linked ACH account, the average commission is


1.49%. If buying bitcoin by selling another cryptocurrency you already hold in your coinbase wallet (or vice versa), then the average commission is


.50%. For example, buying $1,000 worth of bitcoin would cost


$15 from a linked bank account.


Etoro - open account
promo offer: 0% commission stocks


As an early pioneer in social copy trading, etoro was founded in israel in 2006 as a financial trading technology developer. After launching its first product, it has since grown to service over 9 million users with an innovative platform that continually evolves to be one of the largest social networks globally, with clients in over 170 countries.


Etoro charges no fees for sending or receiving transactions. Blockchain fees are applicable for sending and receiving. However, etoro does charge a conversion fee of 0.1%, set to market rates. Minimum withdrawal amounts and fees are also imposed for each type of cryptocurrency. The minimum bitcoin withdrawal amount is 0.0086 BTC and the withdrawal fee is 0.0005 units.


Kraken - kraken.Com


Kraken uses a maker-taker fee schedule with price incentives based on your trading volume over the last 30 days. For example, the average customer who trades less than $50,000 a month will pay $2.60 in fees for every $1,000 in trading volume. Fees for market makers range between 0% and 0.16%, while fees for takers range from 0.10% to 0.26%. This fee schedule, is more competitive than competitors like coinbase and gemini.


Bittrex - bittrex.Com


Bittrex has a simple pricing model, and charges a flat 0.25% on all trades. At this commission rate, it would cost $2.50 to buy $1,000 worth of bitcoin (BTC). Higher-volume traders, those trading more than $25,000 a month, should look at kraken for discounted pricing.


Gemini is much more expensive than other exchanges, charging between $0.99 - $2.99 on transactions under $200, and 1.49% on orders over $200. This means it would cost $14.90 to purchase $1,000 worth of bitcoin (BTC). Overall, gemini is the most expensive crypto exchange included in this guide, charging more than five times what other exchanges would charge for the same transaction.


Robinhood


Robinhood crypto does not charge a commission for placing crypto trades; however, it generates tiny profits from each order as it is routed. This routing practice, known as payment for order flow (PFOF), is also how robinhood makes money from stock trades. In their user agreement, robinhood crypto states that they may receive activity-based rebates from crypto exchanges, brokers, and market-makers, among other crypto intermediaries. Bottom line, since robinhood is not transparent with its pricing structure, there is a possibility the all-in costs per trade are actually much higher than some competitors. Unfortunately, there is no way to know for certain.


Pricing details per exchange


Final thoughts


Trading cryptocurrencies is becoming more widespread as investors around the globe become more comfortable with blockchain technology and the exchanges that offer online crypto trading. Security enhancements for digital wallets continue to improve as well, providing traders more confidence that buying bitcoin is safe.


Read next


Explore our other online trading guides:


About the author: blain reinkensmeyer as head of research at stockbrokers.Com, blain reinkensmeyer has 20 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, blain has been quoted in the wall street journal, the new york times, and the chicago tribune, among others.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


About the author: steven hatzakis steven hatzakis is the global director of research for forexbrokers.Com. Steven previously served as an editor for finance magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.


All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.


Advertiser disclosure: stockbrokers.Com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.G. Exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.


Disclaimer: it is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While stockbrokers.Com has all data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by stockbrokers.Com, nor shall it bias our reviews, analysis, and opinions. Please see our general disclaimers for more information.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.
Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


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Top 10 forex brokers offering cryptocurrencies 2021


Top rated:






Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


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 online brokers for bitcoin trading


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.
Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


The best crypto exchanges for US bitcoin trading offer three essential benefits. The first, and most important, is robust security with two-factor authentication, cold storage, and integrated safe wallets. Second is a user-friendly website and platform. Third, they provide access to trading a variety of cryptocurrencies like bitcoin and ethereum.


In our assessment and ranking of cryptocurrency exchanges, we focused on traditional exchanges headquartered and regulated in the united states, as well as the incumbent online brokers in the US, which are expanding to offer bitcoin trading on top of regular stock trading (e.G. Buying shares of apple or google).


Best bitcoin trading platform



  • Tradestation - best trading platform

  • Coinbase - best crypto exchange

  • Etoro - low fees

  • Kraken - maker-taker fee schedule

  • Bittrex - most altcoins

  • Gemini - offers gemini dollar

  • Robinhood - best mobile app


Here's a breakdown of some of the best online brokers for US crypto trading.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Best trading platform


As a trading technology leader, tradestation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades. Tradestation crypto allows you to buy, sell, and trade bitcoin, litecoin, ethereum, bitcoin cash and XRP. Tradestation crypto caters to both institutional and recreational clients. Read full review



Best crypto exchange


Founded in june of 2012, coinbase is the largest US-based cryptocurrency exchange, housing over 20 million users. Coinbase is best known for its easy to use website and crypto trading platform, coinbase pro. Coinbase supports 14 different cryptocurrencies for trading, including bitcoin (BTC), ethereum (ETH), and litecoin (LTC), among others.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Low fees - open account
promo offer: 0% commission stocks


Etoro is great for traders seeking zero-commission stock and ETF trades, an efficient platform, and access to copy trading. That said, there are hidden fees, education is sub-par, and etoro doesn't offer the same range of investments as traditional brokers. Etoro's crypto offering includes 16 different coins. Although crypto fees are cheap, you can only withdraw your crypto assets with a dedicated etoro wallet.


Maker-taker fee schedule


Kraken was founded in july of 2011 and offers trading on 18 different cryptocurrencies, including monero (XMR), ripple (XRP), and dash (DSH). Kraken currently offers a web platform but does not have a mobile app.


Most altcoins


Bittrex was founded in seattle, washington in 2014. Although bittrex doesn’t provide a mobile or desktop platform, it still offers over 100 tradeable coins, including bitcoin (BTC), ethereum (ETH), and litecoin (LTC).


Offers gemini dollar


Founded in 2015 by the winklevoss twins, gemini is a licensed digital asset exchange and custodian built for both individuals and institutions. Gemini lets users buy, store, and sell bitcoin (BTC), ethereum (ETH), litecoin (LTC), bitcoin cash (BCH), and zcash (ZEC), as well as the self-named gemini dollar (GUSD).


Best mobile app


Robinhood crypto allows users to trade bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), litecoin (LTC), dogecoin (DOGE), ethereum classic (ETC), and bitcoin SV (BSV). Ten additional coins can be added to a watch list. Robinhood crypto is best-fitted for users who trade multiple classes of assets. Read full review


Pricing details


Below is pricing information for each of the top online brokers for bitcoin trading. Each company uses a different structure.


Tradestation


Headquartered in plantation, florida, tradestation is a wholly owned subsidiary of monex group, inc., one of japan’s largest online financial services providers (1). Tradestation's roots date back to the 1982, when the company was formed under the name omega research. The company's flagship tradestation platform was launched in 1991, and tradestation group was a NASDAQ listed company from 1997 - 2011, until it was acquired by monex group (2).


Tradestation crypto features a simple pricing structure. Account balances below $100,000 pay a 0.50% maker fee and a 0.50% taker fee. Account balances over $100,000 don’t pay a maker fee, paying either a 0.25% or 0.125% fee based on account size. At this commission rate, it would cost $5.00 to buy $1,000 worth of bitcoin (BTC).


Coinbase - coinbase.Com


If buying bitcoin from a linked ACH account, the average commission is


1.49%. If buying bitcoin by selling another cryptocurrency you already hold in your coinbase wallet (or vice versa), then the average commission is


.50%. For example, buying $1,000 worth of bitcoin would cost


$15 from a linked bank account.


Etoro - open account
promo offer: 0% commission stocks


As an early pioneer in social copy trading, etoro was founded in israel in 2006 as a financial trading technology developer. After launching its first product, it has since grown to service over 9 million users with an innovative platform that continually evolves to be one of the largest social networks globally, with clients in over 170 countries.


Etoro charges no fees for sending or receiving transactions. Blockchain fees are applicable for sending and receiving. However, etoro does charge a conversion fee of 0.1%, set to market rates. Minimum withdrawal amounts and fees are also imposed for each type of cryptocurrency. The minimum bitcoin withdrawal amount is 0.0086 BTC and the withdrawal fee is 0.0005 units.


Kraken - kraken.Com


Kraken uses a maker-taker fee schedule with price incentives based on your trading volume over the last 30 days. For example, the average customer who trades less than $50,000 a month will pay $2.60 in fees for every $1,000 in trading volume. Fees for market makers range between 0% and 0.16%, while fees for takers range from 0.10% to 0.26%. This fee schedule, is more competitive than competitors like coinbase and gemini.


Bittrex - bittrex.Com


Bittrex has a simple pricing model, and charges a flat 0.25% on all trades. At this commission rate, it would cost $2.50 to buy $1,000 worth of bitcoin (BTC). Higher-volume traders, those trading more than $25,000 a month, should look at kraken for discounted pricing.


Gemini is much more expensive than other exchanges, charging between $0.99 - $2.99 on transactions under $200, and 1.49% on orders over $200. This means it would cost $14.90 to purchase $1,000 worth of bitcoin (BTC). Overall, gemini is the most expensive crypto exchange included in this guide, charging more than five times what other exchanges would charge for the same transaction.


Robinhood


Robinhood crypto does not charge a commission for placing crypto trades; however, it generates tiny profits from each order as it is routed. This routing practice, known as payment for order flow (PFOF), is also how robinhood makes money from stock trades. In their user agreement, robinhood crypto states that they may receive activity-based rebates from crypto exchanges, brokers, and market-makers, among other crypto intermediaries. Bottom line, since robinhood is not transparent with its pricing structure, there is a possibility the all-in costs per trade are actually much higher than some competitors. Unfortunately, there is no way to know for certain.


Pricing details per exchange


Final thoughts


Trading cryptocurrencies is becoming more widespread as investors around the globe become more comfortable with blockchain technology and the exchanges that offer online crypto trading. Security enhancements for digital wallets continue to improve as well, providing traders more confidence that buying bitcoin is safe.


Read next


Explore our other online trading guides:


About the author: blain reinkensmeyer as head of research at stockbrokers.Com, blain reinkensmeyer has 20 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, blain has been quoted in the wall street journal, the new york times, and the chicago tribune, among others.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


About the author: steven hatzakis steven hatzakis is the global director of research for forexbrokers.Com. Steven previously served as an editor for finance magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.


All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.


Advertiser disclosure: stockbrokers.Com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.G. Exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.


Disclaimer: it is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While stockbrokers.Com has all data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by stockbrokers.Com, nor shall it bias our reviews, analysis, and opinions. Please see our general disclaimers for more information.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.
Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


© 2021 reink media group LLC.
All rights reserved.



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


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.



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.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Etoro


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


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.



Fxdailyreport.Com


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


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.



brokerinfobonusopen 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 bonusvisit 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 depositvisit broker
Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.
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
Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.
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
Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.
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



Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


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.



Best cryptocurrency brokers to trade with in 2021



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



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.



  • Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


- 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.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


2 comments


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


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?


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


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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The three best brokers for trading cryptocurrencies


Best Cryptocurrency Brokers for 2021, best brokers for cryptocurrencies.


The three best brokers for trading cryptocurrencies


Are you one of the adventurous groups of traders who want to trade cryptocurrencies more than any other asset? If yes, you should start searching for the right broker without any delays. You have to keep in mind that cryptocurrency trading is not for everyone. That applies not just to traders but brokers as well. Some brokers that have been around for several years have still not been able to muster up the courage to offer cryptocurrency trading to their traders. The market is volatile and that’s what scares many brokers from including digital currencies on their asset indexes.


However, there is no dearth of brokers that provide you with the opportunity to trade your favorite crypto coins. In this article, xtrgatescam brings you a list of the three best so you can save your time and pick one of these to start your cryptocurrency trading career.


The three best cryptocurrency trading brokers reviewed


1. Xtrgate


This has to be the first one on our crypto brokers review because of the many features exclusive to it. So, as stated earlier, when you wish to trade cryptocurrencies, you should only consider brokers that provide digital currency trading. You have many online platforms where you can find just about any asset that you can think of e.G. Oil, gas, copper, silver, gold, cocoa, sugar, stocks, indices, etc. However, these platforms can be very distracting for you if you are just looking for an opportunity to trade digital coins. A platform like xtrgate is perfect for you because it provides you with only cryptocurrency trading.


Whether you want to trade bitcoin, ethereum, or ripple, you can trade any of these cryptocurrencies on the platform from this broker. Not to forget, since you trade cfds of these assets, you will be able to take advantage of some great leverages as well. At the moment, you can get leverage of 1:5 on your digital currency trades. You can choose from a variety of accounts and trade with confidence that the broker has proper SSL certificates and encryptions in place.


2. Avatrade


Avatrade is a major trading platform that’s known around the world. What you are going to like about this broker is that it gives you access to other markets as well. If you want, you can trade commodities, forex, and other assets with it. As for cryptocurrency trading, you have a variety of pairs to trade. You can trade digital coins on its trading platform at any time of the day. You will always have the peace of mind that your broker is fully regulated, not just in one country but in half a dozen jurisdictions around the world. The only problem is that you will not be able to get enough leverages on trading cryptocurrencies with this broker.


This is exactly why you should consider signing up with brokers like xtrgate. If you are looking for higher leverages so you can amplify your profits, xtrgate is a much better option than avatrade.


3. Etoro


Etoro is a great trading platform but the approach of this broker is completely different from the rest. It is not focused on trading, but social trading. Social trading is when you follow in the footsteps of other expert traders in the market. You follow their signals and trading strategies to make profits right from the start. However, the biggest disadvantage of this service is that many new traders stay illiterate about trading. They keep relying on other traders for every step they take in the trading world. And for that reason, they do not learn trading on their own. In short, their confidence is never as good as other self-relying traders in the market.


There is no doubt that this platform will provide you with access to more cryptocurrencies than most other trading platforms. However, you can’t be sure if this broker has the best spreads in the industry.


Final thoughts


You have to make your decision after proper thinking. Do not be hasty in your decision to start trading cryptocurrencies. What you do today with your money can make you or break you. There is nothing wrong with spending some hours in researching the best brokers. Or, you can rely on the list that we have provided you and sign up with one of the brokers stated above. Of course, you are not being asked to put your personal research and satisfaction aside. You can open the websites of these brokers and make your decision purely yours.





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

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