Many people think that cryptocurrencies are the way money will work in the future. When you’re ready to start trading or investing in cryptocurrencies, choosing a broker is one of the most critical steps to your success in the market. Use Benzinga’s list of the best cryptocurrency brokers to start immediately and choose the right one for you.
List of Best Cryptocurrency Brokers
Since different brokers have different qualities, you have to figure out what kind of broker is best for your cryptocurrency interests. Some brokers offer a place to copy the trades of other cryptocurrency traders into your account.
Others may make it possible to buy and sell a broader range of altcoins. Your needs as an investor or trader will be a big part of how you choose the best crypto broker. This list of crypto brokers was selected for different reasons to meet the needs of different ways to trade and invest in cryptocurrencies.
With its social trading platform, eToro changed the way many people trade and invest in a big way. In social trading, you copy the trades of another trader or investor in a particular account for social trading.
You make the same amount correspondingly as the trader you’re copying, and you also lose the same amount likewise as the trader.
Uphold is one of the best places to buy and sell cryptocurrencies because it has many options. It allows you to purchase and sell more than 200 different cryptos than most other exchanges.
It even lets you trade stocks and precious metals. Uphold is most likely the best bitcoin broker for you if you like to trade a wide range of assets, such as Bitcoin, altcoins, stocks, and precious metals.
Automated trading is essential for crypto investors because the market is very volatile, and you don’t always have time to handle your trades. Signing up for Pionex is free, and there are 18 different customized bots you can try, each with its strategy.
The list of trading bots includes:
- Users can use Grid Trading Bot to buy low and sell high in a specific price range.
- Leveraged Grid Bot gives you up to five times more leverage.
- Spot-Futures Arbitrage bot helps small investors make money without doing much work. The return on this strategy is expected to be between 15% and 50% APR.
- Martingale bot uses DCA buy and one-time sell to profit from price changes.
- The rebalancing bot can help you keep your coins.
- Dollar-Cost Averaging (DCA) Bot Sets repeated regular purchases to counteract volatility’s effects.
Brown and Caleb
Caleb & Brown wants to help clients who might not know much about the market yet get into cryptocurrency. With personalized service, you can access liquidity worldwide, making trading more accessible and cheaper. You can trade more than a thousand assets, and the security of your account has been improved.
Your tokens are only accessible to you, and you work directly with a broker who will help you choose the best investments. Caleb & Brown is an Australian company, so you can also buy XRP, TFuel, and Theta, which you can’t do on U.S. exchanges.
Speak to your broker about paying for college, being shy, saving for big purchases, planning vacations, etc.
The Interactive Brokers
Did you realize that most digital currencies charge a spread on orders to buy or sell? This means that you’ll pay more for your cryptocurrency.
For example, an exchange with a 1.5% spread will start charging you an extra $75 for every $5,000 you put on the platform. One of the few systems that don’t set a feed is Interactive Brokers, so you won’t have to deal with hidden fees.
Coinbase is one of the oldest and most prominent places to buy and sell cryptocurrencies. It has 43 million monthly active users in over 100 countries right now. Coinbase has a lot of learning tools and an easy-to-use interface that are great for new traders and investors.
The exchange also offers a hosted wallet and customer service around the world. If you’re new to the cryptocurrency industry and don’t want to use social trading services, Coinbase is a great option.
iTrustCapital is among the few cryptocurrency brokers that allow you to trade and retain actual gold in your 401(k) (IRA). In your IRA, you can also buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). iTrustCapital gives you a personal wallet made by Curv so you can send and receive cryptocurrency.
WeBull is a great all-in-one choice if you want to hold a portfolio of stocks and cryptocurrency. Popular cryptos like Dogecoin, Bitcoin, Ethereum, and other altcoins can be used on the platform, which makes it easy to diversify your crypto portfolio.
WeBull lets you trade cryptocurrency immediately, a valuable feature in market volatility like the cryptocurrency market.
Voyager connects to better than a dozen of the safest and most trusted cryptocurrency exchanges, giving you access to the largest cryptocurrency trading market anywhere. Voyager provides you faster, more reliable execution, plus:
- Access to multiple markets
- No fees for trading
Robinhood is one of the best cryptocurrency brokerage firms for new traders seeking a simple, easy-to-understand interface without all the bells and whistles other brokers offer. Even though Robinhood’s options trading and account types are limited, anyone can quickly learn how to use its easy-to-use platform.
You can quickly get to your tax forms and account declarations through the app, and it takes as little as 10 minutes to set up an account and start putting money into it. Putting in a trade is just as easy.
There are short explanations of each buy and sell order next to each option. This is a good feature for new traders.