Brokers with cryptocurrency trading

On this page you will find information about the best brokers with cryptocurrency trading. What is cryptocurrency? Whether it is legal to trade cryptocurrency? How to buy cryptocurrency? What is the best broker for cryptocurrency trading?

Broker
Rating
Information
Spread
717.8
Rating
80 6 3
Reviews
$0
Min. Deposit
1:1000
Max. shoulder
Financial Commission, IFSC
Spread
553.8
Rating
13 3 0
Reviews
$1
Min. Deposit
1:1000
Max. shoulder
Spread
493.2
Rating
30 13 3
Reviews
$0
Min. Deposit
1:1000
Max. shoulder
Spread
483.6
Rating
20 5 2
Reviews
$1
Min. Deposit
1:500
Max. shoulder
Spread
460
Rating
1 2 3
Reviews
$10
Min. Deposit
1:2000
Max. shoulder
Spread
450
Rating
17 5 0
Reviews
$0
Min. Deposit
1:1000
Max. shoulder
Spread
450
Rating
0 2 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
440
Rating
0 1 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
421.2
Rating
11 8 7
Reviews
$100
Min. Deposit
1:200
Max. shoulder
Spread
421
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
417
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
416
Rating
0 2 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
404
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
400
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
400
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
396
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
395.2
Rating
36 12 5
Reviews
$0
Min. Deposit
1:500
Max. shoulder
Spread
393.8
Rating
38 24 14
Reviews
$1000
Min. Deposit
1:100
Max. shoulder
Spread
386
Rating
0 1 0
Reviews
$100
Min. Deposit
1:300
Max. shoulder
Spread
382
Rating
0 1 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
382
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
381.8
Rating
0 1 1
Reviews
$200
Min. Deposit
1:500
Max. shoulder
Spread
380.2
Rating
6 0 3
Reviews
$0
Min. Deposit
1:200
Max. shoulder
Spread
378
Rating
0 0 1
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
374.8
Rating
44 11 6
Reviews
$0
Min. Deposit
1:1000
Max. shoulder
Spread
368
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
366
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
362
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
355
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
348
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
332
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
331
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
325
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
305
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
304
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
274.4
Rating
56 12 0
Reviews
$1
Min. Deposit
1:400
Max. shoulder
Spread
271
Rating
1 3 0
Reviews
$25
Min. Deposit
1:1000
Max. shoulder
Spread
265
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
263.2
Rating
8 0 1
Reviews
$500
Min. Deposit
1:300
Max. shoulder
Spread
249.6
Rating
49 12 8
Reviews
$1
Min. Deposit
1:1000
Max. shoulder
Spread
232
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
186
Rating
0 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread
168.2
Rating
4 0 0
Reviews
$
Min. Deposit
-
Max. shoulder
Spread

The first cryptocurrency Bitcoin appeared in 2009 and since then has continued to grow and develop as an alternative currency. After peaking above $ 18,000 per coin at the end of 2017, bitcoin fell in value and then rose again, claiming record prices above $ 28,000 at the end of December 2020. At the time of publication, the total capitalization of all cryptocurrencies was $ 1 trillion.

With the growing demand for bitcoin, cryptocurrency brokers began to appear, and to make it easier for you to choose a brokerage company, we have prepared a rating of cryptocurrency brokers for you.

What is cryptocurrency?

Cryptocurrency is a form of digital money, transparent, anonymous and secure. Thanks to the use of blockchain technology, all transactions are public, it is impossible to fake them. As a rule, the supply of cryptocurrencies is limited, which increases their value over time. You can make money on cryptocurrency not only through mining or long-term storage in order to sell the asset when it significantly increases in price, but also with the help of currency speculation.

Whether it is legal to trade cryptocurrency?

In some jurisdictions, cryptocurrency is prohibited or illegal to buy, exchange, or own. Meanwhile, in other countries it is perfectly legal. For example, in the US and UK, it is legal to buy cryptocurrency from regulated brokers. However, CFD trading is prohibited in both countries. The UK ban on cryptocurrency CFDs came into force on January 6, 2021.

The best brokers with cryptocurrency trading for 2021

We have conducted our own research and compiled a list of the best Forex brokers for trading cryptocurrency for you:

  • eToro is the best option for cryptocurrency trading;
  • Swissquote – a reliable global brand, a diverse pre -application;
  • IG is a great offer that enjoys the most trust;
  • RoboForex is a great universal offer;
  • AvaTrade – several options for trading platforms;
  • XTB – Best customer service, Great platform;
  • HYCM – more than 60 CFDs on cryptocurrencies.

How to buy cryptocurrency?

Consider the two main ways to buy and sell cryptocurrency:

  1. Buy a physical asset. The most common way to buy cryptocurrency is to buy a physical asset from a cryptocurrency broker like eToro. After the purchase, your cryptocurrency will be stored in a digital wallet provided by the broker.
  2. Buy CFDs on cryptocurrency. Another popular way to trade cryptocurrency is to use CFDs. When you buy CFDs, you do not own a physical asset. Instead, you bet on which direction the price of the cryptocurrency will go, up or down, and make a profit when you are right.

What fees do cryptocurrency brokers charge?

The commission for buying cryptocurrency can be quite high on many offshore brokers, so we recommend that you use only regulated brokers. Trading costs usually consist of a transaction fee, as well as the difference between the buy and sell price, known as the spread. The commission for trading cryptocurrencies usually ranges from 0.002% to 2% of the transaction value.

What is the best broker for cryptocurrency trading?

For trading CFDs on cryptocurrency, including the ability to open long and short positions, we recommend Forex brokers such as IG or AvaTrade because of their competitive prices. And vice versa traders who want to purchase an underlying physical asset should choose eToro or Swissquote Bank.

Which Forex broker offers the most cryptocurrencies for trading?

Our research has shown that eToro offers the largest number of cryptocurrency pairs for trading. With eToro, traders can buy and sell cryptocurrencies (physical assets), trade CFDs on cryptocurrencies, and even copy trades of other traders. Other cryptocurrency brokers offering dozens of cryptocurrencies are XTB and HYCM.

Which cryptocurrency broker is the safest?

Among the brokerage companies offering physical cryptocurrencies, the most secure broker is Swissquote, regulated as a Swiss bank. Swissquote, founded in 1996, is a public company and is regulated in four first-tier jurisdictions. In addition to Swissquote, IG is another secure broker for trading cryptocurrencies. It is a public broker and is regulated in six tier one jurisdictions.

How to sell cryptocurrency in short?

If you want to make money on the fall in the price of cryptocurrencies without owning a physical asset, you need to open an account with a Forex broker that offers CFDs on cryptocurrencies. Using a contract for difference (CFD), you can open a sell order (by placing a bid to reduce the price). To make a profit, the price of cryptocurrency must fall.

Broker eToro Swissquote IG XTB HYCM
Regulation CySEC, FCA, ASIC FINMA, FCA, DFSA, MFSA FCA,CFTC,NFA, BaFin,ASIC,FINMA FCA, IFSC, CNMV CySEC, FCA, DFSA
Minimum deposit 200$ 1000$ 0$ 250$ 100$
Leverage for cryptocurrencies 1:2 1:2 1:2,85 1:5 1:2
Cryptocurrencies BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, BNB, XTZ BTC, ETH, LTC, XRP, BCH, LINC, ETC, EOS, XLM, XTZ, REP, ZRX BTC, BCH, ETH, XRP, LTC, EOS, XLM, NEO BTC, BCH, ADA, DASH, EOS, ETH, ETC, IOTA, LTC, NEO, XRP, XLM, XEM, XMR, ZEC BTC, BTG, ADA, ATOM, BAB, BSV, DOT, DASH, EOS, ETH, ETC, IOTA, LINC, LTC, NEO, STR, TRX, XMR, XRP, XTZ, YFI, ZEC
Commissions 0,75% 1% 1%
Average BTC Spread 50 points 3690 points
Trading Platforms eToro AdvancedTrader IG, MT4 xStation, MT4 MT4, MT5