Cryptocurrency Brokers

  1. What is Cryptocurrency Broker?
  2. Best Brokers Cryptocurrency
  3. How to Day Trade Cryptocurrency?
  4. How to Buy Cryptocurrency?
  5. Cryptocurrency Brokers List

What is Cryptocurrency Broker?

Cryptocurrency Brokers offer Crypto trading on popular CryptoCoins, while Cryptocurrency is fully digital money and asset solely based online and works through ledger technology, a blockchain, or a transaction database and is designed to work without intermediate parties like Central Banks or physical form since Cryptos are not issued by any centralized authority.

💰 SpreadAverage USD Bitcoin 0.6-0.9% (45 pips)
📈 LeverageYes/ No
📉 PositionsSell and Buy
🏦 Contract sizeMicro Lot, Standard Lot (Depending on the broker)

What is Cryptocurrency Trading Platform?

There is no need for a separate platform to trade Cryptocurrencies if the Broker offering Cryptocurrency instruments in its range Trading Platform is configured for Cryptocurrency trading. See some of our important finds and notes to consider before signing up for Cryptocurrencies Trading:

  • Cryptocurrencies allow quick payments and avoid high transaction fees and simplify the payment process timely which made them a currency of 21 century.
  • There are many Cryptocurrencies with the most-known Bitcoin and Ethereum however new Cryptos continue to be created, being digital currency they are stored in a digital wallet, online, or in hardware, therefore Cryptos are either ‘mined’ through sophisticated technology or now you can buy Cryptocurrency with a Credit Card.
  • Cryptos are available for trading 24/7 and are highly volatile instruments, including the highest volatility Bitcoin. For this reason, Cryptos promise fast and high incomes in a very short time, however, always remember trading works in both directions thus, it is essential to learn well how to trade and remain profitable.
  • There are two ways to Trade Cryptocurrency where the first is to buy your own Cryptocurrency and trade real Cryptocurrency meaning get ownership via exchanges like ByBit, Binance, etc. Yet, it can be quite expensive, and also more suitable for seasoned traders especially considering the high Cryptocurrency Bitcoin price and its very high volatility.
  • Or in another way you can simply speculate on the Cryptocurrency price movement without physical ownership of an asset, typically provided as CFD Cryptocurrency available for buy or sell with the amount you wish to invest. This option is available through Cryptocurrency Brokers, in fact, the majority of Forex Brokers are CFD Cryptocurrency Brokers, which also allows trading with leverage so you can trade with relatively small amounts even popular Bitcoin.
Cryptocurrency Trading AdvantageCryptocurrency Trading Disadvantages
Majority off Forex Brokers offering simplified CFD Crypto TradingReal Cryptocurrency Trading and Purchase might be more suitable for Advanced traders
High risks and the potential for high rewardUnderstanding cryptocurrency takes time and effort
The blockchain technology underlying cryptocurrency is inherently secure Cryptocurrencies haven’t proven themselves as a long-term investment
Protection from inflationRisk of Data loss
Decentralized Can be used for illegal transactions
A fast way to transfer fundsHighest risks
24/7 market access

Top 5 Best Brokers for Cryptocurrency Trading

Here we made a selection of Top Cryptocurrency Brokers for trading Bitcoin, Litecoin, Ripple, or other Cryptos selected best in the category, yet mainly offered on a CFD basis. All the brokers are regulated by reputable authorities, and also reviewed by our experts:

  • HFM– Best Overall Cryptocurrency Broker 2024
  • BlackBull Markets – Best Bitcoin Cryptocurrency for Beginners 2024
  • FP Markets – Best Low-Spread Cryptocurrency Broker 2024
  • Eightcap – Best Platforms Cryptocurrency Broker 2024
  • BDSwiss – Best MT4 Cryptocurrency Broker 2024

How to Day Trade Cryptocurrency?

You can Day trade Cryptocurrency through the broker as it is almost the same as the day trading of FX or Online Stocks through trading CFD, with the use of tools and analysis features with instant execution.

How to Buy Cryptocurrency Prices?

You can Buy Cryptocurrency on the exchange but need to open Cryptocurrency Wallet, while some Crypto Prices like Bitcoin are very high and might not be affordable for most people. Or there is a way just to speculate on a price movement without ownership of Cryptos itself by setting buying passion via a Cryptocurrency Forex broker.

Are crypto brokers safe?

It is safe to say that for larger amounts of money, crypto brokers are a much better option, as it is much safer to trade tour currency through them than through a crypto exchange platform.

The Complete List of Cryptocurrency Market Brokers

This is the complete list of reputable and regulated Brokers for Forex that offer Cryptocurrency trading mainly on a CFD basis:

Broker Detail
HFM Logo HFM
Min. Deposit: 0 US$
Max. Leverage: 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, cTrader, BlackBull Trade, Trading View
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
3
FP Markets Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB, CySEC, FCA
4
Eightcap Review
BDSwiss Review BDSwiss
Min. Deposit: 10 US$
Max. Leverage: 1:400 | 1:2000
Trading Platforms: MT4, MT5, BDSwiss Webtrader, and BDSwiss Mobile App
Regulation: FSC, FSA, FSCA, MISA
5
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
GO Markets Review
Errante Review Logo Errante
Min. Deposit: $€50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader
Regulation: CySEC, FSA
Errante Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
Pepperstone Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review
Octa
Min. Deposit: $25
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, Octatrader
Regulation: CySEC, SVGFSA, FSCA
Octa Review