The Best Online Cryptocurrency Brokers Discussed

Cryptocurrency is one of the most lucrative assets to trade, and it will not be a bad idea if you venture into it. It can make you a lot of money if you go about it properly. However, certain risks are also involved in crypto trading, and you must bear them in mind lest you make the wrong moves that can tell on your trading experience. However, you can do better in cryptocurrency trading if you register with the best cryptocurrency brokers.

The information provided below can guide you on how to choose the best among the cryptocurrency brokers today.

Best Cryptocurrency Trading Brokers List

Broker
Rating
Regulated
Min. Deposit
Bonus
Max. Leverage
1.
easyMarkets

CySec, ASIC, BVI

Min $100 Deposit

Up to 50% With Sign-up

1:30

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
2.
FXCC

CySEC, FCA

Min $100 Deposit

100% First Deposit

1:500

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
3.
HYCM

CySEC, FCA, CIMA, FSC, DFSA

Min $100 Deposit

10% Credit Bonus

500:1

4.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

-

500:1

Review » Open Account » Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5.
Plus500

ASIC, FMA, FCSA, FCA, CySEC, MAS, FSA

$100

€25 No Deposit Bonus

1:30

6.
Blackbull Markets

ASIC, VFSC

Min $100 Deposit

-

500:1

Review » Open Account » Open Account
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
LegacyFX

CySEC, VFSC, NBRB, FCA

Min $250 Deposit

-

1:200

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
8.
Vantage FX

FCA, ASIC, CIMA, SIBL

Min $200 Deposit

Up to 50% Bonus

500:1

Review » Open Account » Open Account
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
9.
Eightcap

ASIC, VFSC

Min $100 Deposit

$30 No Deposit Bonus

500:1

Review » Open Account » Open Account
Terms & conditions apply
Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).
10.
Forex.com

FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC

$100

Up to $5000 Welcome Bonus

50:1

Review » Open Account » Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

Tips for choosing the best cryptocurrency brokers

best cryptocurrency broker

Check the trading platform

The quality of the trading platform can determine the reliability of the broker. Check if the trading platform is easy to use and check for the various available features. The trading platform should make it easy to access the latest crypto news, execute trades, conduct technical analysis, manage your account, and access BTC to dollars calculator. The cryptocurrency market records more volatility than many other markets. So, you must register only with a highly responsive trading platform.

Check the experience, reliability, and credibility

It would help if you did not forget to check the reputation and reliability of the trading platform before registering there. The cryptocurrency market is new, and the issue of credibility and regulation may be big issues. Not all the available brokers are reputable or regulated. You should register only with the best cryptocurrency brokers, and it will do you a world of good. A good cryptocurrency broker should have reliable professionals in their employment.

Check the reviews

One of the best ways to learn adequately about a Forex broker is to check the reviews on the site. The reviews on a reliable Forex broker will be positive and vice versa. If the reviews are negative, you should stress clear of the broker lest you end up with regrets. When reading the reviews, you should do that only on reputable sites where you can get unbiased information about the Forex broker. The unbiased information can help you make the right decision about any cryptocurrency broker.

Check customer service quality

The quality of the customer service is one other very important factor to bear in mind when looking for the right cryptocurrency broker for you. A good crypto broker should offer 24/7 customer service. They should also respond very fast any time the customer communicates with them. Check the competency and reliability of the customer service agents too. They should be able to provide the required answers to any questions you may have about the services offered by the broker.

Check the cost

Before registering, the cost of trading cryptocurrency on that site should also be considered. Check how much commission the site charges its customers and check for the fees. The fees and commissions differ from one broker to another. Compare them and go for the most affordable cryptocurrency broker among them.

Which are the Top cryptocurrency Exchange brokers?

This section of the write-up will show you some of the best cryptocurrency brokers around today.

Coinbase

This site offers cryptocurrency CFD trading and is considered the best overall. The trader can use USD to invest too. You can access over thirty coins and tokens for trading on the site.

Coinbase logo

Pros:

  • The user interface is easy to navigate
  • The level of trustworthiness and security is outstanding
  • You can access several coins and tokens you can invest in on the platform.

Cons:

  • The fees tend to be high, except for Coinbase Pro users
  • The end users do not control their wallets’ private keys
  • The site is somewhat slow in adopting new cryptocurrencies

Voyager

This is one of the first exchanges to be publicly traded. The trading structure here is commission-free too. The crypto trader can access most of the major cryptocurrencies here, making it one of the best cryptocurrency brokers. Trading $100 can earn you $25 in BTC on this site.

Voyager exchange

Pros:

  • The interface is app-based and very easy to use
  • The broker will not charge you a commission for trading
  • Additionally, the platform offers a solid interest rate.

Cons:

  • The withdrawal process is slow and can take up to 1 day
  • New York residents cannot access the broker

BlockFi

This cryptocurrency investment site permits the end users to lend their cryptocurrencies and earn interest on their coins and tokens. You can also borrow cryptocurrencies against your holdings on the site at an interest. The site can give you up to $250 as a bonus after depositing $25.

BlockFi exchange

Pros:

  • You will not be charged any fee or commission when you use this platform
  • United States residents can access the site since it is regulated and based in the USA
  • You can even earn high interest on your deposit

Cons:

  • Only a few coins and tokens are supported
  • Free withdrawals are limited

Uphold

The site has a simple design, making it one of the best cryptocurrency brokers for beginners. Traders can access multiple assets here, too, and the account opening process will not take long. You can also trade DOGE, XRP, and many other tokens and coins here.

Uphold exchange broker

Pros:

  • The pricing structure is simple and transparent
  • Traders can access both cryptocurrency tokens and some stocks on the platform
  • You can access the site via desktop and mobile apps.

Cons:

  • The site is not so easy to use
  • There are reports of unreliable customer service

Conclusion

Many things need to be considered when looking for the best cryptocurrency brokers, and we have mentioned some of those things above. We have also shown you some of the most outstanding cryptocurrency brokers you can register with. Before registering with any brokers, carry out adequate research about them to determine their reliability. Also, check their pros and cons to help you better understand what the site can offer. The initial deposit differs from one crypto broker to another. It is better to register with crypto brokers demanding a very small amount of money as an initial deposit. This will help to lower your risk.