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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. You can read more about our review methodology to get more information on the ratings below. In order to provide our readers with accurate and unfiltered information, we work hard to uphold the highest standards for our editorial policy.
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Cryptocurrency brokers have established themselves as an efficient trading platforms that helps crypto traders in generating profits and learn advanced trading techniques. We have handpicked the best crypto brokers that are offering impressive services at reasonable fees. Have a look:
When it comes to selecting the best brokers for crypto exchanges, several factors are needed to be considered. Most essentially, it should offer security, advanced crypto trading tools, and ultimate user satisfaction. Crypto Brokers provide high liquidity, ensuring users can complete crypto transactions efficiently. In addition, these platforms support a wide range of cryptocurrencies, allowing crypto traders to diversify their portfolios. Let’s get to our list.
Coinbase is an advanced crypto broker that caters to both beginners and experienced traders. Coinbase, the best crypto exchange for beginners, also has tools to cater to advanced traders if you want more. It gives access to more complex crypto trading strategies of the crypto market. It has services like order handling and execution types, block trading, and trade metrics analysis for institutional clients. Coinbase also ensures high levels of security through cold storage custody, as they provide a safe platform to handle large trading volume of cryptocurrencies.
Further, the platform assists in obtaining liquidity from a vast number of sources, which will help crypto investors to make a large trade with the least crypto market disturbance. Coinbase also provides a range of useful features for generating and organizing reports and regulatory compliance with numerous regulations. Their approach makes it convenient and secure for institutional clients to manage or invest in the cryptocurrency market with confidence owing to Coinbase’s reliability in the space.
Listed cryptocurrencies | 200+ |
Fees | 0.50% per transaction |
Minimum deposit | 0 |
Funding methods | Bank transfers (ACH or wire transfer), cryptocurrency and fiat currency deposits, and others. |
The Crypto.Com Broker Program is aimed at helping institutional brokers, OTC desks, and platforms to extend an opportunity to their clients to trade crypto. The company’s enhanced crypto trading facilities and various services assist its clients in making sound investment decisions. The program also works in favor of brokers and offers them several important advantages, such as high liquidity, a fast trading engine, and a rather large list of supported cryptocurrencies.
Crypto.com allows brokers to fine-tune their solutions according to the requirements of particular clients. The advanced technological features of this crypto platform also ensure the smooth execution, secure storage, and efficient management of the funds. On the same note, the platform also harbors a fairly reasonable fee structure through which brokers can give out their rebates or savings to clients.
Apart from the mentioned technological advantages, the program also covers marketing and operational services so that Bitcoin brokers can develop their work. This includes having dedicated crypto trading account managers as well as strategic tools for business processes and clients.
Overall, the Crypto.Com Broker Program is the perfect idea for those institutions that are willing to enter the cryptocurrency trading market and provide their clients with a reliable platform.
Listed cryptocurrencies | 250+ |
Fees | 0.05% -0.75% |
Minimum deposit | 0 |
Funding methods | Cryptocurrency deposits and fiat currencies through bank transfers and wire payments |
Robinhood is a fintech startup perfecting the concept of a millennial stockbroker whose primary service is trading shares, ETFs, options, and crypto markets without charges. Introduced in 2013, Robinhood’s mission is to offer access to finance to everyone who wishes to invest.
Robinhood is another cryptocurrency broker platform that was designed to be used on mobile devices, allowing retail investor accounts to trade easily without prior knowledge of investment processes, high charges, or cumbersome procedures.
The platform provides its users with such features as real-time market data, the possibility to create their watch lists, and also educational materials for making the correct decisions along the investing path. As a result, Robinhood has become significantly popular due to its innovative features and focus on the trading process.
Although Robinhood has become popular in the USA, its presence has come under criticism due to its method of operation, especially regarding the payment for the order flow services. Nonetheless, Robinhood remains popular, particularly among the younger generation of technology-savvy people who want an easy and affordable way to participate in the stock market.
Listed cryptocurrencies | 250+ |
Fees | 0 |
Minimum deposit | 0 |
Funding methods | Bank transfers (ACH or wire transfer), cryptocurrency deposits, and others |
Admiral Markets is an international trading company and Bitcoin CFD provider that provides access to various financial markets in the forex market, CFD, shares, and ETFs. Retail and institutional customers enjoy direct access to several trading platforms and may also take advantage of multiple educational materials. Admiral Markets is a reputed organization for offering tight spreads and low commission rates coupled with trading tools.
Admiral Markets provides its clients with several trading platforms, such as MetaTrader 4 and MetaTrader 5, for different types of trading strategies. All of them offer an unlimited number of tools and settings, including charting tools, technical indicators, and orders. Similarly, to ensure that its traders are well-equipped in the current market, Admiral Markets offers webinars, articles, and videos with tutorial lessons for enhanced skills.
Admiral Markets operates under the licenses issued by several financial authorities: the Financial Conduct Authority of the United Kingdom, the Cyprus Securities and Exchange Commission, and the Australian Securities and Investments Commission. This enables Admiral Markets to run the business more fairly and to be very transparent, as well as protect the client’s funds.
Admiral Markets can be considered a good option for the traders who need a quality broker that offers many opportunities to trade in the financial markets, offering many assets and materials to learn from. But it is not recommended for beginners, presumably because some of the trading instruments offered are quite complicated. However, these advanced features also make it ideal for day trading.
Listed cryptocurrencies | 30+ |
Fees | 0 |
Minimum deposit | $100 |
Funding methods | Cryptocurrency deposits and fiat currencies through bank transfers and wire payments |
FXPro is one of the most important players in forex and CFD trading that provides different account types, trading instruments, and platforms. This cryptocurrency broker is well known for its high-speed trade execution, low time delay, and multiple types of trading accounts. It provides trading services to both retail and institutional customers and is regulated in several jurisdictions.
At FXPro, clients can use platforms based on the style of trading desired. All of them offer similar functions like charts and indicators and other orders which help the trader to make decisions. The company also provides clients with account types such as standard, core, and edge depending on their trading preferences.
FXPro is a company under the financial regulation of FCA in the UK, CySEC in Cyprus, and ASIC in Australia. It also ensures that the company provides its services in a way that is not unfair to its clients and that their finances are protected.
Listed cryptocurrencies | 70+ |
Fees | 0 |
Minimum deposit | $1,000 |
Funding methods | Cryptocurrency deposits and fiat currencies through bank transfers and wire payments |
Fidelity is a huge company based in Boston, USA that specializes in the management of financial assets and investment advisory services such as mutual funds, ETFs, stocks, bonds as well as retirement plans. It is renowned for its research centers, dedicated customer care, and many products for investments. Fidelity provides both retail and institutional clients, as well as being regulated by several bodies.
Fidelity Company provides financial services and products that are related to investing, such as mutual funds, crypto exchanges, traded funds, shares, fixed deposits, bonds, and retirement saving schemes. Another essential aspect is that Fidelity offers several account options, such as an IRA or a brokerage account.
Fidelity is bound by several financial bodies, including the United States SEC, the United Kingdom FCA, and the Australian ASIC. This helps to make sure that the Fidelity company works fairly and transparently and that clients’ money is protected. Fidelity is ideal for investors seeking the services of a reliable financial company that offers many options for investments. But in certain aspects, we also think it may not be ideal for the ‘entry-level’ investment products due to its slightly higher level of abstraction.
Listed cryptocurrencies | 2 |
Fees | 0 |
Minimum deposit | $1 |
Funding methods | Cryptocurrency deposits and fiat currencies through bank transfers and wire payments |
Interactive Brokers is an online cryptocurrency broker company that provides various services concerning stocks, options, futures, forex, and CFD notions. It has been appreciated for the top-tier trading instruments, low fees, and multiple types of accounts. Interactive Brokers is aimed at the provision of its services to both individual and institutional customers and is a member of several financial bodies.
Among the available platforms, Interactive Brokers provides its clients with Trader Workstation (TWS) and IBKR Mobile. Each of them offers a vast number of options – charts, indicators, and types of orders, for example. Interactive Brokers also have several types of accounts, which include individual accounts, joint accounts, trust accounts, and corporate accounts.
Interactive Brokers has a clear regulation by several regulating authorities, including the SEC of the US, the FCA of the UK, and ASIC of Australia. This gives a guarantee that the company works equitably without prevarication and that their client’s money is secured.
Interactive Brokers is suitable for the trader who is in search of an online trading system that offers a myriad of financial products and features. However, it can be inconvenient for newcomers since some of the offered trading instruments are quite difficult to understand.
Listed cryptocurrencies | 4 |
Fees | 0 |
Minimum deposit | $0 |
Funding methods | Cryptocurrency deposits and fiat currencies through bank transfers and wire payments |
AvaTrade is an online trading company that deals in forex, CFDs, stocks, and Indices, among other trading instruments. This company has gained popularity mainly because of its easy-to-use trading terminal copy trading features, relevant materials, and multiple account types. AvaTrade offers trading services to both retail and institutional investors and has licenses from several financial bodies.
It provides its users with a smooth cryptocurrency exchange on AvaTrader. It offers wide access to numerous features and aspects, such as charts, indicators orders, etc. AvaTrade also renders various materials, such as webinars, articles, and video tutorials, for the insights about the crypto markets. AvaTrade has received its regulatory approval from the Central Bank of Ireland, the Financial Conduct Authority (FCA) the United Kingdom, and the Australian Securities and Investment Commission (ASIC). This is to ensure that AvaTrade is operating in a way that is fair and the money clients deposit with them is well protected.
In particular, AvaTrade is an appropriate platform for those traders who need a simple interface to trade various financial assets and appropriate educational material. However, it is not the kind of trading platform ideal for experienced traders who need highly specific and detailed tools to trade.
Listed cryptocurrencies | 800 |
Fees | 0 |
Minimum deposit | $100 |
Funding methods | Cryptocurrency deposits and fiat currencies through bank transfers and wire payments |
Exness is a professional forex and CFDs broker that provides clients with an opportunity to trade online. Being one of the most rapidly developing Forex brokers, Exness is known for its low latency, fast trade execution, and wide asset list that is suitable for both, small investors and large institutional entities. Being regulated by such governing bodies as FCA in the UK, CySEC, and FSA in Seychelles, Exness provides secure trading services for its clients.
To abide by the needs of the varied clients, Exness provides several platforms for trading, intended for various types of traders. The broker provides its clients with two primary platforms, MetaTrader 4 (MT4) for experienced traders and MetaTrader 5 (MT5) for those who want more bells and whistles. Furthermore, it offers Standard, Cent, and Pro account types, which also have their pros and cons, allowing traders to select an account type best suited for them.
Listed cryptocurrencies | 800 |
Fees | 0 |
Minimum Deposit | $100 |
Funding Methods | Cryptocurrency deposits and fiat currencies through bank transfers and wire payments |
IC Markets is another top-ranked online forex and CFD broker known for low-cost trading and competitive bid/ask spreads. Considering the main goal to provide clients with a clear and swift trading environment, IC Markets is an ASIC, CySEC, and FSA-authorized company.
IC Markets also provides various trading platforms, with leading trading platforms such as MT4, MT5, and cTrader. It helps them to give technical analysis, order flow, and risk management tools and facilities for the trade execution at the trader’s preferred platforms.
IC Markets provides its clients with multiple account types that allow satisfying the needs of traders and their preferences: raw spread, standard, and true ECN accounts.
Furthermore, with the features listed above, IC Markets also offers a full complement of customer services to help traders out with their concerns or problems. Customer support is available 24/5 of the week, and the broker’s team speaks multiple languages.
Listed cryptocurrencies | 20+ |
Fees | 0 |
Minimum deposit | $200 |
Funding methods | Cryptocurrency deposits and fiat currencies through bank transfers and wire payments |
A crypto broker is a company that acts as an intermediary for users who wants to trade crypto assets. It has a simple design and offers its users a way to purchase and sell a variety of digital currency, suitable for novices and professionals.
Crypto brokers provide a larger number of cryptocurrencies than traditional crypto exchanges, and they also may include exotic tokens and altcoins. Such a broader choice allows for choosing less liquid and more promising securities and reaping a profit from forming trends. Besides, most cryptocurrency brokers offer other financial services that can be useful for cryptocurrency trading and increase the profitability of operations, including leveraged trading, borrowing, and even exchange traded funds.
However, it must be understood that crypto brokers may not be as flexible and handy as any decentralized cryptocurrency exchanges. While you can easily purchase and trade in cryptocurrencies from these platforms, you may not be able to fully control your trades or avail of some of the enhanced trading features.
Crypto exchanges are online markets where you can directly engage another party and sell/buy crypto assets from/to them. While the best crypto exchanges have larger selections of coins compared to crypto brokers, they serve a multitude of users with different requirements and tolerance for risk when trading crypto.
Especially, they can offer a greater number of crypto assets, including many altcoins, pumps and dumps tokens, and exotic coins. Additionally, crypto exchanges may also offer other features that include staking, margin trading, and derivatives, and futures trading which give better trading opportunities.
Crypto exchanges can be even more difficult to navigate than crypto brokers, a user will require more technical prowess and know-how. They may offer better trading platforms, more products to trade, better types of orders, and higher customization levels. But, this adds the extra profitable layer of flexibility for you and your trades along with the overall results.
The following elements should be taken into account when selecting a cryptocurrency broker:
When selecting the best cryptocurrency broker, it is of essence to consider the reputation of the broker because this attribute determines the trust and reliability of the broker. Choose trustworthy broker who have been providing their services for a few years and who are popular among users and other top crypto brokers. Such brokers tend to be more experienced and are rated highly based on performance, reliability, and the exercise of ethical practices in the business. Also, prefer working with traditional online brokers supervised by other reputable financial markets like the FCA of the United Kingdom or the SEC of the United States.
Looking at a reputable cryptocurrency broker, it would be clearly illustrated that the provider has little to no negative feedback from users, has strong security measures in place, and few to no scandals or legal problems. The review section, checking of their regulatory status, and searching for any past scandals would help in identifying an adequate broker.
The cost factors include the fees charged by traditional brokers who provide cryptocurrency trading services, which affect profits. Some of the aspects that need to be considered include the fee charged by the broker for trading, deposit and withdrawal fees, and other charges. Some brokers demand the trader to pay them via a commission or through the spread when trading. A low-fee crypto platform could provide tiny spreads in the sense that they may charge a smaller difference between the buying and selling price of the crypto assets.
Further, some brokers may also charge inactivity fees or fees for using certain services, for instance, withdrawing funds and/or engaging in other premium services. It is also prudent to understand the costs you need to fully identify with every transaction you make since high charges can reduce your returns, especially if you are planning to frequently trade cryptocurrencies. For this reason, identifying brokers’ fee structures will assist you in finding affordable brokers.
Security is paramount when dealing with cryptocurrency trading, given the rise in cyberattacks and hacking incidents in the industry. Choose a right crypto broker that implements stringent security measures to protect your assets and personal information. These measures should include two-factor authentication (2FA) to add an extra layer of protection, cold storage for funds (where the majority of assets are stored offline), and encryption protocols to safeguard transactions and sensitive data.
Reputable brokers often undergo regular security audits and are transparent about their security practices. Additionally, a good broker will have insurance coverage for digital assets, providing you with a safety net in case of breaches or hacking incidents. Look for brokers who are known for quickly addressing security concerns and who have not been involved in significant breaches. Prioritizing security helps mitigate risks, ensuring your investments remain safe in an unpredictable environment.
Customer service is an essential component in facilitating efficient trading of products and services, particularly in the swiftly dynamic cryptocurrency market. Customer support should be available and dependable to assist in both technical concerns and account issues. It is recommended to work with the brokers who provide customer support round the clock since the cryptocurrency markets are open round the clock and problems can occur at any moment.
The availability of support can be measured by the time taken to reply to a customer’s complaint, the courtesy of the support representatives, and the number of ways customers can contact the support team either through live chat, mailing, or calling. Some of the advantages of a good broker are also the presence of educational material and tutorials for both a beginners and an experienced trader, giving the customer a more complex experience. Heartwarming stories or positive words said about a broker’s customer support team can at times point to a broker’s loyalty to its clients. Timely customer service helps to solve problems when they appear and makes the trading process uninterrupted.
Portfolio diversification is important to traders and investors who need a range of digital assets to meet the various opportunities in the market. Brokers who have many cryptocurrencies on offer allow the client to buy a more diverse portfolio, which may lead to generating more money. In addition to the leading cryptocurrencies such as Bitcoin and Ethereum, the broker should offer a variety of other coins, including Solana, Chainlink, Polkadot, and some other new tokens that might have a better potential for growth.
It enables traders to operate in several ways, from long-term investment to the speculative manner of trading. Also, the diversification of the offered cryptocurrencies might help the company access newer forms of cryptocurrency investments before they go viral. Still, it is also a good idea to know that the broker has adequate amounts of such assets to buy or sell them at your convenience. A broad spectrum of products is also believed to be a sign that the broker applies efforts toward meeting the demands of market evolution and offering its clients more options.
Deciding on the ‘best’ crypto broker is relative, and it depends on what is most suitable for the user’s requirements and inclination. They include the number and varieties of cryptocurrencies available on the platform, the cost of transactions, the simplicity of the platform, security measures, responses to clients’ inquiries, and other services such as leverage and staking.
It is impossible to conclusively determine that there is the best broker, but some excellent choices have emerged in the cryptocurrency market.
On examples of companies, it is possible to name Coinbase as one of the leaders in the market thanks to its simple navigation, availability of many cryptocurrencies, and enhanced security. One popular platform is Robinhood, which offers hassle-free cryptocurrency trading without commissions and finds a lot of demand among inexperienced investors.
Here’s why you’d want to use a crypto broker:
The best cryptocurrency brokers have been developed with simplicity, and this aspect makes them suitable for both new and professional crypto traders. They have simple layouts, auto-generated order forms, and basic trading mechanisms that help you begin trading immediately.
Cryptocurrency brokers usually demand lower commissions in comparison with other crypto exchanges, which is beneficial for small-scale operations. It can assist you in achieving your goal of enhancing your revenues and reducing your trading costs.
Crypto brokers generally have a wider range of cryptocurrencies for trading crypto, and this includes new coins and different types of tokens. This means that you are offered a wider choice of investments, and you can choose from a greater number of stocks, bonds, etc.
Some brokers provide other financial services apart from trading in cryptocurrencies and tokens. Some of these services might be like margin funding, a service that provides you with funds to open a larger trading position, and lending, where you can earn interest from your digital assets.
As with any product, even the best cryptocurrency broker have their own set of limitations to deal with.
Crypto brokers are not necessarily going to allow you the same amount of control of trading crypto that you have over your trades in crypto exchanges. You may have limited choices for modifying your orders, using sophisticated cryptocurrency trading platforms, or engaging in margin trading.
Crypto brokers provide a rather broader base of cryptocurrencies than the cryptocurrency exchanges may provide but may generally not accommodate the exhaustive list as the exchanges. This could hamper investment opportunities and may reduce the freedom with which one could diversify his/her portfolio.
Even the best cryptocurrency brokers, like any other online platform, do experience security threats. Although they usually do this to secure your money, it is not out of the question for breaches and hacks to happen. One must also avoid these risks by working with a reliable broker who has excellent security measures in place.
The brokers dealing in cryptocurrency provide easy-to-use platforms where anyone can easily trade in cryptocurrencies thus making investment in cryptocurrencies easy. They can offer more cryptocurrencies than a standard cryptocurrency exchange and may have more services to help you trade and manage your money. However, it is imperative to give much consideration to the various brokers and choose the best that suits one’s investment needs and risk appetite. Please note that trading in cryptocurrencies is considered high-risk, and with that in mind, trading should not be done without ample research and knowledge of the risks involved.
Yes, leverage trading is possible with cryptocurrency brokerage firms. This helps traders to amplify their positions. However, the leverage limit supported varies based on the chosen brokerage.
Crypto trading brokers are not a necessity. If you only want to trade crypto coins, a dedicated crypto exchange might be well suited. However, some crypto brokers help simplify trading processes and offer guidance on market prices, enhancing the overall trading experience.
Crypto brokers secure funds using different measures like cold storage, 2-factor authentication (2FA) for account access, encryption protocols to protect data and other regulatory measures such as funds segregation. Fund segregation reduces the risk of misuse or misappropriation. Other security tools include constant audits to identify and resolve possible vulnerabilities. These measures help create a sense of safety as users interact with these brokers.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..