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When it comes to cryptocurrency trading, finding the right platform for buying, selling, and managing your Bitcoin investments is crucial. With so many options, choosing the best Bitcoin broker that aligns with your trading goals and preferences is easier said than done.
But worry not – we've got you covered! With eToro as our No. 1 pick, we've compiled a list of cryptocurrency brokers that offer users high-leverage trading, low spreads, and no hidden fees.
Sounds good? Keep reading!
eToro: Best overall
Coinbase: Most cryptos supported
Cash App: Fastest payments
KuCoin: Top pick for social trading
Gemini: Various ETFs available
Crypto.com: Excellent mobile app
Nexo: Best for long-term trading
Public.com: Beginner-friendly app
Wondering what more these apps have to offer? Keep reading for our individual reviews of the best Bitcoin brokers, and start trading cryptos online.
Pros:
Fee-free debit card deposits
Demo trading via practice account
User-friendly mobile app for seamless navigation
Excellent social trading feature
Also offers stocks, ETFs, and other assets
Cons:
Limited in some locations
Could use more educational material
eToro completely transformed the world of trading and investing with its innovative social trading feature, which enables users to mimic the trades made by other investors in a dedicated social trading account.
It's a go-to site for beginners, but eToro also stands as an excellent option for professional traders. Let's see why.
Trading Options: 4.9/5
One look at eToro, and it's easy to see why it is our #1 pick. With a unique approach to trading, it allows crypto traders of all experiences to start investing.
For example, by following and copying successful traders, you can benefit from their gains without having to spend hours analyzing the markets.
eToro offers a versatile platform that allows you to trade various assets, such as stocks, ETFs, and cryptocurrencies. With just one click using the CopyTrader feature, you can replicate the strategies employed by highly skilled investors and invest your desired amount accordingly.
One remarkable aspect of eToro is that it does not charge management fees. You can copy one or even up to 100 professionals simultaneously – and, again, you won't have to pay any management fees.
Although eToro provides US investors with a restricted range of about 25 cryptocurrencies, non-US users can access around 75 options.
Fees & Spreads: 4.85/5
eToro presents a transparent fee structure for cryptocurrency trading, where users are charged a 1% bid-ask spread fee for each trade. Nevertheless, eToro stands out with its distinctive pricing model, combining fees for buying and selling into a single "round trip" fee.
Consequently, users pay 1% upfront to cover the costs of purchasing and selling cryptocurrencies, with the profit/loss calculation continuously updated in real-time.
It's crucial to note that transferring your coins to an external wallet results in forfeiting the return spread fee, so keep this in mind.
>> Trade cryptos with no hidden fees at eToro
Pros:
200+ cryptos supported
Low spreads, typically around 0.5%
Coinbase Pro for advanced trading
Highly secure cryptocurrency wallet
Features 3 different hot wallets
Cons:
Basic version is quite complex
Fees aren't published in advance
Coinbase, a leading cryptocurrency broker in the United States, boasts a user base exceeding 100 million people and is well-known for its robust security measures and adherence to regulatory standards.
Trading Options: 4.9/5
The platform grants access to over 200 cryptocurrencies and has standard industry trading tools and top-notch security protocols. Moreover, Coinbase allows users to earn complimentary cryptocurrency through initiatives such as the reward wheel.
We were very happy to see that Coinbase is a safe broker that features not one but three distinct hot wallets to make sure that traders of all styles are covered.
These are:
Coinbase Wallet: A regular wallet that allows you to store hundreds of thousands of crypto assets. It also comes in a stand-alone form, allowing you to use it without having an account on Coinbase.
Coinbase Exchange: This is a default wallet for traders on Coinbase.
Coinbase dApp Wallet: The third wallet is used to store all the ERC-20 tokens that run on the Ethereum network.
Fees & Spreads: 4.8/5
On Coinbase, the fee structure can be a bit confusing for some – especially because the fees aren't published in advance. Still, spreads usually tend to be quite low – mostly being around 0.5%.
The fee system for Advanced Trade is more straightforward and includes maker and taker fees. Higher trading volumes result in lower fees under this system.
Whether a user is classified as a maker or taker is determined after the transaction has taken place. Also, Advanced Trade imposes a taker fee of 0.001% on specific stablecoin pairs.
>> Trade over 200 cryptoscurrencies at Coinbase
Pros:
Seamless Bitcoin transactions
Supports instant banking
Easy access to crypto trading
User-friendly interface
Excellent mobile app
Cons:
Only supports Bitcoin trading
Restricted in some locations
Cash App, a versatile mobile payment app developed by Square Inc., allows users to manage their finances effortlessly. It enables fast peer-to-peer money transfers and bill payments and even serves as a platform for stock investments and Bitcoin trading.
Trading Options: 4.75/5
It is an excellent app for managing your finances – that's a fact that no one can deny about Cash App. But one major disadvantage of it, especially when we look at it as a trading platform, is that it does not support enough assets for trading.
At the time of writing, it is exclusively for Bitcoin trading, which might be a disadvantage to some.
However, at the same time, we have to mention that Bitcoin is the largest crypto out there, so if you want to trade BTC, Cash App can be an excellent option. Especially because of the instant banking feature it comes with!
In addition, users can easily link their bank accounts or debit cards for seamless transactions. The app's user-friendly interface makes everyday financial tasks simple and hassle-free.
There also is a secure digital wallet where users can store Bitcoin. To ensure security, it implements robust measures like two-factor authentication.
Cash App goes beyond the basics by offering features such as real-time market data updates, automatic recurring purchases, and the Cash Card debit card.
Fees & Spreads: 4.85/5
Cash App does not charge commissions for buying or selling stocks or ETFs. However, it's important to remember that fees may be associated with Bitcoin transactions.
If these fees apply, you can view them on the trade confirmation before finalizing the transaction. These potential Bitcoin fees include a service fee and an additional fee based on price fluctuations across the cryptocurrency exchanges.
In addition, while it supports instant banking, if you decide to opt for it, you should expect to pay a bit more in fees. The good news is that Cash App is always very straightforward with the commissions, so you won't have to worry about any hidden fees.
>> Enoy fastest banking when trading cryptos at Cash App
Pros:
No mandatory KYC checks
Competitive trading and withdrawal fees
Provides round-the-clock customer support
Crypto exchange with a user-friendly interface
800+ cryptos available for trading
Cons:
Limited variety of payment methods
Limited educational resources for newcomers
KuCoin Bitcoin Broker is a prominent cryptocurrency exchange platform that presents traders and investors with a secure and user-friendly environment to buy, sell, and trade Bitcoin and other digital assets.
Trading Options: 4.85/5
With an unwavering emphasis on security, KuCoin employs state-of-the-art encryption techniques and multi-layered authentication protocols to protect user funds and personal information from potential threats.
The platform offers an effortless trading experience by granting access to a wide range of trading assets – there are over 800 cryptos you can trade at KuCoin! Additionally, it provides competitive fees while furnishing advanced tools such as charts and indicators for seasoned traders.
What sets KuCoin apart is its responsive customer support team and commitment to strictly adhering to global regulatory standards. This dedication ensures cryptocurrency enthusiasts worldwide have a reliable, trustworthy, and transparent trading experience.
Fees & Spreads: 4.8/5
As we found during our KuCoin review, it employs a fee system divided into tiers for makers and takers, creating a very fair environment.
The trading fees usually range from 0.005% to 0.1%, depending on your tier level.
These fees are competitive compared to other platforms, some of which charge as high as 0.50% per trade. Additionally, users can enjoy discounts on their trading fees by maintaining a balance of KuCoin Tokens (KCS).
>> Enjoy social trading at KuCoin
Pros:
About 3,000 ETFs to trade
Accessible in all 50 US states
Provides hot wallet insurance
Robust security measures for maximum safety
Cons:
Fees are a bit higher
Could use more cryptos
Gemini, established by the Winklevoss twins, is a renowned cryptocurrency exchange platform that prioritizes security and adheres to the highest regulatory standards.
Trading Options: 4.8/5
The platform offers a wide range of digital assets, including Bitcoin, catering to novice and experienced traders alike. Its user-friendly interface and robust mobile app ensure a seamless trading experience for everyone.
What distinguishes Gemini from others is its transparent operations and extensive insurance coverage for digital assets, which guarantees unparalleled peace of mind for users. Now, we have to mention that there are only about 80 cryptos available – but where Gemini shines the brightest is the excellent selection of over 3,000 ETFs to trade!
With its strong reputation in the industry and advanced security measures in place, Gemini has established itself as a trusted gateway into the world of cryptocurrency trading for anyone looking to get involved.
Fees & Spreads: 4.75/5
Gemini imposes slightly higher fees compared to some other cryptocurrency brokers. The fees differ based on the chosen payment method and trading platform. Gemini does not levy transaction fees for deposits from US bank accounts or wire transfers.
However, if you make purchases using a debit card, there is a 3.49% fee, and additional charges may be applicable. Mobile app users are subject to a fixed "convenience fee" of 0.5% above the trading price.
Taker and maker fees are also applicable when trading. Furthermore, Gemini also features an "auction" option for specific trading strategies. Lastly, when withdrawing Bitcoin from Gemini, users will face a withdrawal fee of 0.0001 BTC.
>> Start trading over 3,000 ETFs at Gemini
Pros:
All-in-one exchange and wallet
Excellent mobile interface
Maintains robust security measures
250+ cryptos to trade
Cons:
Higher fees for credit/debit card banking
Customer support is not the best
Crypto.com, renowned as a leading mobile trading platform, boasts an impressive range of features specifically designed for traders on the go. This mobile application delivers a smooth and convenient trading experience on both iOS and Android devices.
Trading Options: 4.75/5
We were very happy to see that Crypto.com equips users with essential tools and resources such as real-time market data, technical analysis charts, and news updates. These valuable resources enable well-informed decision-making, ensuring successful outcomes.
We counted over 250 cryptos on this platform, which should be enough for the majority of the traders.
Integrating advanced security measures into the platform ensures the utmost safety for users' assets.
With its comprehensive features, Crypto.com is an ideal choice for cryptocurrency enthusiasts who value flexibility and accessibility within their trading activities.
Whether you want to trade Ripple, Litecoin, Dogecoin, or larger cryptos like Bitcoin and Ethereum, Crypto.com has your back.
Fees & Spreads: 4.8/5
If you're new to Crypto.com and have yet to stake any CRO tokens, the trading fee will be 0.075% if your total monthly trading volume is below $250,000. While these fees are lower compared to some of our competitors in the industry, they are not the absolute lowest.
As our Crypto.com review found, traders who participate in higher volumes can enjoy reduced fees. Makers may even pay zero fees, while takers only have to pay 0.05% without staking CRO tokens.
To unlock discounted trading fees, you only need a minimum of 1,000 CRO tokens in your wallet. Once you reach this threshold, traders with monthly volumes up to $250,000 will be charged at 0.0728%. These rates continue to decrease as your stake grows.
>> Trade cryptocurrencies with discounted fees at Crypto.com
Pros:
Earn daily interest
User-friendly mobile app
Reduced fees for Nexo Token owners
Low fees
Cons:
Some services are geo-restricted
Higher minimum withdrawal
Nexo has gained recognition as one of the leading platforms for earning interest in cryptocurrencies – an excellent feature for long-term investors.
Trading Options: 4.6/5
By offering competitive interest rates, Nexo presents an appealing opportunity for cryptocurrency holders to grow their investments while retaining access to their funds. Nexo is an excellent choice for novice and seasoned investors due to its user-friendly interface and transparent policies.
It prioritizes security and provides reliable customer support, making it a convenient option for individuals looking to maximize the potential of their cryptocurrencies.
There are over 70 cryptos and 40+ currency pairs available for trading at Nexo.
Fees & Spreads: 4.65/5
Nexo prides itself on its user-friendly and transparent fee structure. Regarding standard swaps, Nexo doesn't charge any separate trading fees. Instead, they utilize a spread system as a buffer between the market prices.
The fees for those using Nexo Pro are competitive and based on your trading volume. The rates start at 0.4% for takers and 0.3% for makers, potentially dropping all the way down to 0% for traders with high volumes.
Regarding network withdrawal fees, Nexo offers free withdrawals depending on your loyalty level. However, there are exceptions regarding specific networks like Polygon and Binance Smart Chain.
While Nexo aims to provide a fee-free user experience, it's essential to remember that there may be potential fees if you exceed the free withdrawal limit of your loyalty tier.
>> Start your long-term crypto investment at Nexo
Pros:
Beginner-friendly interface
Tools for building a well-diversified portfolio
Social trading platform
Commission-free trading
Cons:
Could use more cryptos for trading
Some payouts take longer
Public.com is a well-respected and easy-to-use crypto trading platform for individuals interested in stocks and cryptocurrencies. And if you are a beginner, it's hard to find an app as easy to use as Public.com.
Trading Options: 4.5/5
Its focus on education and community involvement sets Public.com apart from other crypto trading platforms. This environment encourages users to learn, share insights, and make informed investment choices – truly a perfect site for beginners.
One unique feature of this app is that it allows users to invest in both stocks and cryptocurrencies.
Public.com also incorporates social features that allow users to follow other investors – just like KuCoin and eToro.
In addition to these features, Public.com places great importance on security measures that safeguard user data and assets.
Fees & Spreads: 4.65/5
Using the Public.com app comes with certain costs, including a surcharge on cryptocurrency orders. This surcharge varies from $0.49 to 1.25% of the total order value.
Public offers a premium subscription plan priced at $10 per month, granting users access to research materials, data analysis tools, charts, and specialized customer service.
However, it should be noted that the Public app imposes no trading fees or commissions. There are no account minimums nor maintenance fees required, making it accessible to most users without financial barriers.
>> Enjoy premium trading for only $10 at Public.com
When working on our list of the best crypto exchanges, our team considered a variety of factors. One of them was safety and security. All of our top picks are licensed and regulated by reputable bodies, ensuring the highest level of safety for their customers.
The fees category focuses on the overall cost of trading, including spreads, commissions, deposit and withdrawal fees, and any associated charges. A broker with competitive and transparent fee structures earns a higher score in this category.
Then, we assessed the quality and user-friendliness of the crypto trading platform, charting tools, technical indicators, and support for various order types. The availability of mobile and desktop versions is also considered.
When trading cryptos, you'll have to keep many things in mind, and using an app that offers a variety of research tools makes things much easier. For this, crypto exchanges should offer different types of tools & chars.
Efficient and responsive customer support is crucial. Cryptocurrency exchanges offering multiple support channels and maintaining a reputation for excellent service receive a higher rating in this category.
We also evaluated crypto brokers for their educational resources like webinars, tutorials, articles, and trading courses.
>> Trade over 70 cryptos at eToro
Bitcoin is the first and the most famous cryptocurrency in the world. It was introduced in January 2009 after its design was published in a white paper. The supply of Bitcoin is limited, and each unit is created through mining. Mining involves individuals validating transactions to secure the network.
Bitcoin operates similarly to a commodity because of its restricted supply and the rigorous mining process. Mining for Bitcoin can be compared to extracting gold since it requires significant effort and expense.
Due to its decentralized nature, there is no single entity controlling BTC, and it can be traded 24/7.
A Bitcoin broker serves as a platform for facilitating the buying and selling of Bitcoin. When you purchase Bitcoin through a broker, you obtain it directly from them.
One significant advantage of this setup is that it offers convenience by eliminating the need to establish your own Bitcoin wallet or deal with the complexities of managing private keys.
However, it's important to remember that crypto brokers are commercial entities and charge fees for their services. Hence, when considering using a crypto broker to buy and sell cryptocurrencies, comparing the fee structures across different platforms is crucial.
Only reputable crypto brokers should be used instead of unregulated websites and exchanges to minimize the costs of buying Bitcoin.
When purchasing Bitcoin, the expenses can vary but generally include a commission per trade and the difference between bid and ask prices, also known as the spread. The fees for Bitcoin trading typically start at around 0.002% and can go up to 2% or more of the trade's value, depending on factors such as the crypto trading platform and trade size.
Selecting the optimal Bitcoin broker is essential to ensure a prosperous and safe trading journey. Various important factors should guide your choice:
When searching for a Bitcoin broker, finding one governed by respected financial authorities in your area is essential. This regulation guarantees a certain level of supervision and protection for your money.
Furthermore, consider the broker's security measures, such as storing cryptocurrencies in cold storage and requiring two-factor authentication (2FA) for account access.
Examine the fee arrangements offered by various brokers. These can encompass trading fees, spreads (the difference between buying and selling prices), charges for withdrawing funds, and fees for depositing money. Opt for a cryptocurrency broker with clear, transparent fee structures matching your trading approach.
When Bitcoin is your primary focus, it's worth considering if the broker provides a diverse selection of cryptocurrencies for diversification or potential trading possibilities in the future. Choosing a crypto broker that offers a wide range of digital coins can be beneficial.
We also checked for other assets. For example, our top pick, eToro, is also one of the best Forex brokers out there.
Evaluate the broker's customer service. Dependable customer assistance is vital in resolving problems, settling conflicts, and offering advice as necessary.
Certain crypto exchanges offer valuable educational materials, market analysis, and tools for research. If you are new to trading or interested in improving your trading abilities, having access to these resources can be highly beneficial.
A crypto broker is a platform to facilitate the smooth purchasing and selling of Bitcoin.
In most cases, their offerings frequently go beyond Bitcoin, allowing users to participate in transactions involving several other popular cryptocurrencies.
No, it is not necessary to use a cryptocurrency broker to purchase a Bitcoin. For example, you can use crypto exchanges instead.
However, using a trustworthy and regulated Bitcoin broker like eToro is highly recommended.
When using a cryptocurrency broker that enables deposits with fiat currency, various choices are expected to be available.
These options usually include bank transfers and debit/credit cards. It's also possible for certain brokers to offer support for well-known e-wallets such as PayPal, Skrill, and Neteller.
Yes, most Bitcoin brokers are safe. However, please always double-check the availability of these brokerages in your location and only go with reputable sites.
In summary, choosing the most suitable Bitcoin brokers is a very important step for cryptocurrency traders and investors. It requires a thorough evaluation of various aspects, including safety measures, charges, user interface, customer assistance, and adherence to regulations.
After checking dozens of sites, we found eToro to be the best overall Bitcoin broker available right now, but it's not the only one you should know about.
Make sure to take one more look at our top picks, choose your favorite, and stay safe when trading cryptos online.
DISCLAIMER: The information provided in this guide is for educational purposes only. We do not offer financial advice and brokerage services nor recommend readers to buy or sell cryptocurrencies, stocks, or securities. Online trading is risky, so make sure to approach it with caution.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
