Bitcoin brokers are highly regulated and operate with strict professionalism, with all funds stored in segregated accounts. Unfortunately, cryptocurrency exchanges are entirely unregulated. It can be challenging to set up a Bitcoin wallet at a cryptocurrency exchange, but it’s . The the safest, cheapest, and one site: Deposit- and the market, Best Bitcoin Top 10 Bitcoin And Brokers in November to trade Bitcoin (ago — FX Empire's Best CFD Brokers to Compare the biggest very secure, you still person looks for the What makes Binance safe Broker Comparison / to prove that it crypto brokers. Dec 15, · 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 .
Safe bitcoin brokersBest 10 Cryptocurrency Brokers (Safe & Legit Brokers)
The website is available in 5 languages and features a fast and easy registration process. Coinbase is one of the most popular and trusted companies offering crypto trading solutions in the modern market. It was founded in in SF and offers not only trading options but also buying, selling, and storing cryptocurrency in the built-in wallet.
Coinbase supports trading of such basic coins as Bitcoin, Litecoin, and Ethereum as well as many other tokens. Moreover, there are two trading venues including a standard web portal dashboard and advanced Coinbase Pro. The last venue offers a depth of book which is also more expensive to use but provides more details on prices, liquidity, and other factors. Moreover, there are lower trading costs and a more extensive range of order types.
Thanks to the Android and iOS apps created by Coinbase company, it is possible to trade on the mobile phone with the same comfort.
According to the official website of this broker, trading has evolved with its launch in Evolve Markets is a broker where users can trade Bitcoin and over 10 other cryptocurrencies as well as over 50 fiat currencies on different markets. However, both deposits and withdrawals are accepted only in BTC and Litecoin and are free from fees. The minimum amount to withdraw is 0. It guarantees the ease of access thanks to MT5 Webtrader developed especially for this purpose. There is a web, desktop and mobile version of the trading platform for the comfort of every trader.
Unfortunately, US citizens are restricted to access it. It is possible to trade 45 cryptocurrency pairs on Evolve Markets. If you are a novice trader, it is possible to try a demo account, while registering on the platform, there is no need to pass through the identity verification. Trading fees depend on the trading platform Metatrader 4 or Metatrader 5 as well as the currency traded.
Crypto is traded with the fee of 0. Founded in , Simple FX is a non-regulated broker which is known for simplicity and power of trading. It is a CFD trading tool which can be accessed from any device including mobile ones — there are native apps for Android and iOS.
The platform is suitable for beginners as well thanks to the number of benefits it has. It allows for creating multicurrency accounts and does not set up minimum deposits. The utmost security is achieved due to 2-factor authentication, while the protection against negative balance will prevent users from poor consequences. The platform can communicate directly with the crypto wallet of the user and there are no transaction fees.
The number of withdrawal methods is smaller excluding Buy Crypto. The platform offers novice traders to open a demo account and try trading with play money, while the affiliate program suggested will help to increase profits too. There is over a dozen of countries restricted on the platform, so check them before registering. What makes Plus broker trustworthy is the security level it provides. It is possible to trade not only on a computer or through the web version since there are mobile apps for user comfort too.
Moreover, the broker provides negative balance protection, sends free emails and notifications on market events and alerts on percentage changes and price movement. There are over 2, tools to be used by traders while trading fees are quite low too. The commission is absent since everything is included in the spread being a difference between the bid and ask prices. Most of the services provided by the broker are free for users, but there are additional trading fees applied to trading overnight, guaranteed stop loss, and inactivity fee.
There is a possibility to earn thanks to the affiliate program too. One of the directions of Playtech is financial trading technology which is performed on Markets.
There are two types of trading supported: Forex and CFD ones. When it comes to trading fees, this broker can be referred to reasonably priced ones. The fees are built in a spread about 0. The deposit and withdrawal fees are absent too, while funds can be sent to the platform from a debit and credit card, bank wire transfer, PayPal, Skrill, and Neteller.
There are fixed spreads on trading pairs and a great number of tools. For example, there are charts with over 90 indicators for comfortable and successful trading. The broker supports 9 fiat currencies, 5 cryptocurrencies and many other trading assets about 2, in total — trading 55 pairs. One more great benefit of this broker is powerful big data and quantitative analysis tools. However, if you are a newbie in trading, there is a free demo version to begin with. The website is available in 9 languages and there are high security and privacy standards.
The platform is easy to navigate and offers alerts, email, and push notifications to set up. Customer Support is available via the chat, email, and phone, but you cannot reach it on weekends.
It was founded in and most of its employees are residents of countries of the former CIS. Nowadays, it operates in over countries, has licenses of 9 regulators and is a member of 4 trading platforms.
There are multiple financial instruments to trade on the platform and cryptocurrencies are among them too. It is possible to offer accounts of 4 types:.
There is a unique feature of the broker called Alpari Cashback, where traders are given bonuses for any activity. It is possible to deposit money via bank wire transfers, credit and debit cards, electronic transfers, WebMoney, MoneyBookers, Qiwi, Yandex Money, Skrill, Neteller etc.
The affiliate program is supported by the broker as well. This broker features 55 trading pairs and offers the following benefits: narrow fixed spreads, no commissions, and a flexible minimum amount of the trading account. In addition to free tools to be used by traders, there is a great choice of platforms including Avatrader, MetaTrader 4 , Mirror Trader, Ava Mobile Trading etc.
The most popular ways of depositing and withdrawing money from AvaTrade are credit and debit cards, bank wire transfers, PayPal, MoneyBookers, Neteller and others.
The platform also supports a demo account for novice traders and an affiliate program for extra earnings. There are certain restrictions per every deal but they are over several hundred thousand dollars. Despite the absence of trading commission, users must be ready to pay spreads, overnight interest calculations, maturity rollover fees, and inactivity fees. Despite being a relatively new player in the trading market, Prime XBT calls itself number-one platform to trading Bitcoin and over 30 other assets.
The main aspect that differs this platform from others is a guarantee of leverage that never falls below This broker can be used both beginner and experienced traders thanks to its user-friendly interface and customizable layout.
There are multiple chart types, numerous indicators and drawing tools that allow trading directly from the chart. There is a mobile app for Android and iOS too. The broker charge a flat fee per trade as well as a daily flat fee for margin trading.
Deposits are made in BTC and are free, though every withdrawal will cost users 0. There are also trading limits for every currency to consider.
The platform serves clients from over countries and supports 8 languages. The service also offers an easy-to-use leverage calculator for more accurate conclusions. BaseFEX is a broker for trading derivatives such as Bitcoin futures, for example. The team of this company is located in Hong Kong, though it is registered on the Seychelles.
All the trading pairs can be found lower next to multiple charts which can be helpful for traders. Being one of the popular Bitcoin brokers with low fees, the last one is considered to be a difference between the taker and maker fees. There are no deposit and withdrawal fees too. Users of the platform will appreciate the Trade dashboard as well as over 50 different indicators to come in handy to them. There are 11 contracts offered and each of them is described in the smallest details for user comfort.
The broker website can be accessed from the web or mobile app developed for this purpose. It aims as traders of Asian countries predominantly, but the platform is being translated in several languages including not only English, Japanese, Chinese, Korean but also Russian, Turkish, Vietnamese and Portuguese to increase the number of users from other countries.
This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe. You can deposit easily using multiple payment methods on the brokers below.
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.
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. 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.
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.
Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.
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.
Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information 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. 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. As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right. 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. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.