Cryptocurrency Broker Comparison

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Best Bitcoin Broker

Compare the biggest bitcoin trading platforms on one site: Deposit- and Withrawal Fees, Trading Fees for Makers and for Takers, Creditcard Fees, Supported Crypto Currencies, Supported Countries, Supported FIAT Currencies – everything you need to know to choose your future crypto trading broker.

The internet can be a very useful place to invest and do business at due to the number of opportunities that you can easily grab with just a few clicks of your mouse button.

When talking about opportunities, Bitcoin sticks right up like a sore thumb. People do actually use search engines to search for the best way to make money out of all the Bitcoin/Cryptocurrency hype. One of the traffic created would be trading cryptocurrencies as well as betting with crypto currencies. But how do you choose the perfect broker for your needs?

When in doubt, people always back up and hold on to facts they have something new to prove that it is safe enough to venture into. This is what happens when a person looks for the best crypto broker in the market, but what is the best?

Or is there such thing as a best trading website? Everyone that is active in the crypto currency scene can name you their top 5 broker websites easily, without any hesitations. But for someone that just started to scratch the surface, everything can be overwhelming!

With that being said, you should and always have a mental checklist to follow in choosing your first cryptocurrency trade. Below are helpful points that you might want to list down.

Regulated Broker

Just like any other website that involves money, you first need to know if that broker is regulated or not. Why? Well, you will be definitely sending money to that website, might as well know if their legit or not, right? Make sure that they are regulated and take your time in researching. But this isn’t always the truth when it comes to dealing with “off-the-grid” brokers like the ones listed on Bitcointradingsites that only accept Bitcoin as payment.

You see, regulated brokers only work if you are transacting with your bank or direct cash deposits. Most of the trading platforms today that accept Credit Cards or Wire Transfers will always need to be regulated for them to accept payments in cash. But if we’re talking about Bitcoin websites that only accept Cryptocurrencies as payment, then we are moving to the grey area. Are they bad?

Well, most of the time these website that are “Unregulated” have cryptocurrency transactions, as we all know, cryptocurrency transactions severe their connections with the banking world. That’s why we see websites that are not regulated by any laws or jurisdiction. Are they safe? That brings my statement back to “Always take your time in researching.”

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Accounts

Not all, but most of the time, these online brokers have different levels of accounts which you are able to choose from. A good brokerage website should and always have options for their clients to choose from. These options sometimes include different deposit methods, withdrawals, spreads and a lot more! “Options” is the key word here.

You also need to keep in mind the minimum deposit required per account as this will greatly influence your decision-making. Aside from the options that you will be choosing from, we also need to put in mind the features that a website offers. When talking about accounts, always go for websites or at least give websites that have Demo Accounts the priority. Why? Demo Accounts can help you in so many ways!

The most important thing a Demo Account can help you with would be the ability to try all their features without even spending a dollar on the website.

Currencies

Some of the broker websites today not only offer crypto currency trading, but they also offer stocks, commodity, and Fiat trading. Do not get yourself confused on what you are there for, which is crypto currency. Know what they have and what you are capable of trading with.

Traders who intend to cash out their BTC into fiat money, should check this page on Bitcoinp2pLoans that provides really useful insights on the topic.

Website

This box is pointed on what they have for you in general. What type of website do they have what type of trading platform do they work with? Is it a well-designed one or are you having troubles navigating it? It’s like choosing a car, there is no use in using the latest sports car if you do not know how to operate its digital assets. If this is the case, better choose a 68’ Shelby Mustang since you know how to make it run. In other words, if the website confuses you, then stay away from it.

Customer Service

Last but not the least. When a website involves money, always look for their customer service contact points. Do they have a phone number that you can call? Do they support live chat and email services? The last thing you want to have is a website that has a hold of your money but you are unable to contact them in any way possible. A good website should and always have at least two channels for you to contact them.

List these five most important things that you need to keep in mind in choosing your next Bitcoin broker website today. Please do also keep in mind that these are just my suggestions and are of course, available for any personalization of your own. Just keep in mind that the best website to transact with is a website that you are comfortable enough to give your trust (since they will be holding on to your money) and has the right channels to contact if anything goes south with your transactions.

The big Bitcoin Broker FAQ:

What is Bitcoin and cryptocurrency broker?

Who is the best Bitcoin broker?

How much does Bitcoin charge per transaction?

How can I send Bitcoin to someone?

Which is the best Bitcoin wallet?

How do you cash out a Bitcoin?

Do you pay taxes on Bitcoin?

Can you transfer Bitcoin to a bank account?

Can I make money with Bitcoin?

Is it worth investing in Bitcoin?

How do you flip money in Bitcoin?

How do I start trading?

Can you start trading with no money?

Is online trading safe?

How can I learn online trading?

What is the best platform to invest on Bitcoin?

Are Bitcoins legal? Are Bitcoins legal in the US?

Do you have to pay taxes on Bitcoin?

Can the IRS track Bitcoin?

Can you lose money investing in Bitcoin?

Disclaimer:

The infomation on this website is not fiancial advise! BestBitcoinBroker.net is not responsible for any losses that may happen by trading on these trading platforms. Do not risk more than you can afford to lose.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 infomation on this website is not fiancial advice. This website is for entertainment purposes only. BestBitcoinBroker.net is not responsible for any losses that may happen by trading on these trading platforms. Trading carries considerable risk of capital loss. Dont invest more money than you can afford to lose!

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
75% 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.

Best Cryptocurrency Brokers to trade with in 2020

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader’s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Cryptocurrencies Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
ASIC CySEC FCA £/€/$ 100 In-house built platform 13 crypto pairs
  • Very competitive fees
  • User-friendly trading platform
VisitRead a review
CySEC £/€/$ 250 MT4 33 crypto pairs
  • Tight spreads for platinum account holders
  • Great customer support
VisitRead a review
CySEC £/€/$ 250 MT4 33 crypto pairs
  • Tight spreads for platinum account holders
VisitRead a review
CySEC £/€/$ 250 MT4 33 crypto pairs
  • Sophisticated educational centre
VisitRead a review
CySEC £/€/$ 100 MT4 33 crypto pairs
  • Cryptocurrencies tradable against USD/EUR/GBP
VisitRead a review

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 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
ETFinance MT4 & WebTrader 33 crypto pairs
ITRADER MT4 & WebTrader In-house Analysts
IQ Option An award-winning in-house built platform, Online chat with other traders Crypto digest videos (twice a week)
ROinvesting Modern website Sophisticated educational centre
Plus500 Price alerts (via an email or SMS), Beginner friendly trading platform Trailing Stop

ETFinance

ITRADER

IQ Option

ROinvesting

Plus500

eToro

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 the UK or Europe, that would usually mean the FCA or CySEC regulation (The former is financial regulator in the UK, the later is the financial regulator in Cyprus). A broker that is regulated in at least one European country can offer its services to clients from other Europen countries. 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.

Fees

The number one fee when trading with a CFD broker featuring cryptocurrency trading is going to be the spread fee. 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.

�� What is the best crypto broker in the UK?

It is very hard to determine what is the best cryptocurrency broker in the UK as the preferences of each trader differ. The best practice is to look for a broker that is regulated by a financial institution in the United Kingdom. That means you should be looking for a broker that is regulated by the FCA (Financial Conduct Authority). For instance, that is Plus500, which was ranked as the UK’s No. 1 CFD Broker* (* By a total number of relationships with UK CFD traders. Investment Trends 2020 UK Leverage Trading Report.)

�� Can I try cryptocurrency trading risk-free?

Yes, you with most cryptocurrency brokers you can open a free demo account on which you can trade with play money. No initial deposit required.

⭐ What cryptocurrencies can I trade with cryptocurrency brokers?

It depends on what crypto broker you choose. Nearly all cryptocurrency brokers feature Bitcoin, Ethereum and Ripple, but only some allow trading other-less popular coins. In this article, you could find all cryptocurrencies that some of the best crypto broker feature.

Conclusion – The best crypto broker

It would be easy to point a finger and say this is the best crypto broker for you to choose. We, however, know that each client has different preferences so while one trader might want a trading platform with the lowest spreads to day trade cryptocurrencies, the other might rather appreciate a copy trading system to follow the world’s most successful investors. The brokers featured in this article are one of the most popular regulated cryptocurrency brokers out there, the decision what is the best crypto broker for YOU is, however, in your hands.

– 3# Crypto Chart Patterns for Day Trading
– The best Hodling techniques
– How to short any cryptocurrency like a pro

and much more can be found in our crypto section.

Crypto Brokers

Ranking

Broker Name

Special Offer

Minimum Deposit

Crypto Currencies Type

Trading

25€ Free

No Deposit Required

(T&C Apply)

$100 Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Monero, NEO Open Account Read Review 3

$25 Free

No Deposit Required

(T&C Apply)

$100 Bitcoin, Ethereum, Litecoin Open Account Read Review 4

No

$250 Bitcoin, Ethereum Open Account Read Review 5

100% Bonus

Up To $10.000

$100 Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash Open Account Read Review

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