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.
Trading Bitcoin, Ethereum, Ripple, Litecoin or BitcoinCash is now easier than ever. There are many cryptocurrency brokers that have these cryptocurrencies on their platform.
Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.
Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading Bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.
After trying out most brokers, here are the best cryptocurrency brokers:Binance – Best All-Round Crypto Exchange
Binance is not a broker, but an exchange. You can buy cryptocurrencies directly with fiat money (EUR, USD, AUD etc) and withdraw the crypto to your own wallet.
You can use the following Referral ID, when signing up, to get a fee discount: 11285553
Binance Pros:
- Biggest crypto exchange
- Has the most amount of coins (over 150 coins)
- Your account does not have to be verified in order to withdraw crypto (up to 2 BTC per day)
- Very low costs and reputable company
Binance Cons:
- Not available in a few US states
OPEN ACCOUNTBest Cryptocurrency Brokers (Non-US Traders Only)
VISIT SITE
eToro Disclaimer: 71% of retail investor accounts lose money when trading CFDs with this provider. eToro USA LLC does not offer CFDs, only real Crypto assets available for US traders.eToro – Top Crypto Broker
Rated #1 out of 40+ tested brokers.
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.
eToro Pros:
- 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)
eToro Cons:
- You cannot withdraw any cryptocurrency
- You have to complete a questionnaire, upon sign up
OPEN ACCOUNT
eToro Disclaimer: 71% of retail investor accounts lose money when trading CFDs with this provider. eToro USA LLC does not offer CFDs, only real Crypto assets available for US traders.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. Plus500 – Top Rated Trading Platform
Rated #2 out of 40+ tested brokers.
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.
Plus500 Pros:
- 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)
Plus500 Cons:
- You cannot withdraw any cryptocurrency
- You have to complete a questionnaire, upon sign up
OPEN ACCOUNT
Plus500 Disclaimer: 77% of retail CFD accounts lose money. IQ Option – Lowest Minimum Deposit ($10)
Rated #3 out of 40+ tested brokers.
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.
IQ Option Pros:
- You can trade many cryptocurrencies
- Minimum Deposit is only $10
- Best trading platform
- Multiple account currencies
- Free demo account
- Regulated by CYSEC (#247/14)
IQ Option Cons:
- They don’t allow traders from USA, Japan and Israel
OPEN ACCOUNTNadex – 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.
Nadex Pros:
- Trade Bitcoin, Forex or Binary Options
- Minimum Deposit is $250
- CFTC Regulated Broker
- Great Support Team
- Many Payment Methods (even Paypal)
Nadex Cons:
- You cannot withdraw any cryptocurrency
OPEN ACCOUNTCrypto 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.
If you have a buy and hold strategy instead of trading, you can use Binance (referral code: 11285553), the #1 rated cryptocurrency exchange: Binance HomepageRankBrokerMin. DepositRegulatedFeaturesVisit*
1$250YES+ US TRADERS ONLYTRADE NOW
3$10YES+ CRYPTO/BINARY TRADINGTRADE NOW
2$200YES+ CRYPTO TRADINGTRADE NOW
eToro Disclaimer: 71% of retail investor accounts lose money when trading CFDs with this provider. eToro USA LLC does not offer CFDs, only real Crypto assets available for US traders.
You still can’t decide which broker is best for you? How to Choose your Cryptocurrency Broker
Is Leverage Really Necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.
Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.
Negative Balance Protection: It is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.
How Suitable Is The Required Capital For You? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.
Narrow Spreads for the Win: Let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.
A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.
Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies. Which Cryptocurrencies Are You Interested In Trading?
Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.
If your choice is a prominent cryptocurrency like Bitcoin (official site), Litecoin (official site), or Ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like Monero, IOTA, or Zcash may be a little harder to come by.
So study the cryptocurrencies being offered by a broker before you sign up for an account. Pros And Cons Of Cryptocurrency Brokers
