May 06, · List of the best and safest brokers to invest in bitcoins and cryptos in Bitcoins are one of the most exciting investments today, particularly risky but with enormous earning potential. One of the best ways to invest in BTC today is to find a secure and reliable broker to trade: buy when the price is low, sell when the price is high. Dec 22, · One of the most popular Bitcoin brokers in the online space is that of Coinbase. The overarching reason for this is that the platform makes it super-easy to buy Bitcoin with an everyday debit or credit card. However, Coinbase charges handsomely for its services. Best Bitcoin Trading Platform. TradeStation - Best Trading Platform. Coinbase - Best Crypto Exchange. eToro - Low Fees. Kraken - Maker-Taker Fee Schedule. Bittrex - Most Altcoins. Gemini - Offers Gemnini Dollar. Robinhood - Best Mobile App.
Best bitcoin brokers online14 Best Bitcoin Brokers (List and Review ) - Cryptalker
However, when it comes to selling your Bitcoin you will also need to pay a commission. This means that you will pay 1. As noted earlier, most of the Bitcoin brokers that we recommend on this page charge no trading commissions at all. All Bitcoin brokers will charge a spread. There is often a trade-off between the spreads and commissions charged by Bitcoin brokers, so you need to check this before signing up.
For example, while a broker might not charge any commissions, you might find that its spreads are somewhat uncompetitive. Still confused how the investment process works at a Bitcoin broker? This unravels the end-to-end process of opening an account, depositing funds, buying Bitcoin, and crucially — cashing out your investment. Furthermore — and perhaps most importantly, regulated brokers are required to verify your identity before you can deposit funds.
Once again, the process takes minutes. You will now need to add some funds to your newly created Bitcoin broker account. You should also check whether or not the broker will charge you a fee on your chosen deposit method. Once your account has been funded, you are ready to buy Bitcoin. This will require you to set up a buy order, so be sure to follow the steps outlined below. Well, not until you decide to sell your Bitcoin — hopefully at a higher price than you paid.
If you do, you simply need to log back into your Bitcoin broker account, and then place a sell order. A few seconds later, you will no longer be holding Bitcoin, and the proceeds will be added to your cash balance. For example, while one broker might offer super-tight spreads and low commissions, it might not support your preferred payment method. As such, we would suggest reading through the guidelines below in your hunt for the best Bitcoin brokers of This particular point is non-negotiable.
Crucially, you must ensure that your chosen Bitcoin broker is regulated. This will ensure that you are able to buy and sell Bitcoin is a safe and secure environment. Check to see what payment methods the Bitcoin broker supports.
Alternatively, most Bitcoin brokers allow you to deposit funds with a bank account. You will, however, need to wait a few days for the funds to clear. You are going to need to pay a fee of some sort when using a Bitcoin broker, so be sure to find out what this amounts to prior to signing up. In an ideal world, you should use a broker that allows you to trade Bitcoin on a commission-free basis, alongside tight spreads.
It is important that you understand the underlying make-up of your Bitcoin investment. But, you will be able to apply leverage and short-sell Bitcoin, and the CFD broker will need to be heavily regulated. This might include handy videos, step-by-step guides, and even webinars.
If so, below you will find our top five Bitcoin brokers in Before you read through each of our five top picks, it is important to note that all of our recommended platforms meet the following criteria:. Launched in , Skilling has emerged to become one of the best trading platforms in the industry. The provider is regulated by CySEC and strictly confirms to their stringent codes of practice.
Skilling focuses on forex, along with other financial instruments such as stocks, indices, and commodities. Both the trading platform and app have simple features, making it suitable for beginners and professionals. If you are new to trading, the Skilling Trade Assistant can help you with resources and guides. The signup process is simple, fast, and straightforward. All in the form of CFDs - this covers stocks, indices, commodities, and even cryptocurrencies. You will not pay a single penny in commission, and spreads are super-tight.
Leverage facilities are also on offer - fully in-line with ESMA limits. Once again, this stands at on majors and on minors and exotics. If you are based outside of Europe or you are deemed to be a professional client, you will get even higher limits. Getting money into Capital. Visit Capital. The platform is regulated by three tier-one bodies. As such, your funds are safe at all times. Once you've got funds into eToro, the buying process takes just minutes.
In fact, eToro is one of the few brokers that gives you the option of buying 'actual' Bitcoin, or investing via CFDs. If you opt for the former, you won't be able to apply leverage or go short. Instead, you'll need to invest through a CFD. Nevertheless, eToro does not charge any trading commissions -regardless of whether you are buying 'actual' Bitcoin or trading CFDs. We also like eToro for its Copy Trading offering. This allows you to mirror the trades of other crypto investors, so it's perfect if you have little to no knowledge of the space..
As the name suggests, EuropeFX is a specialist forex broker. With that said, the platform also supports CFDs in the form of shares, indices, cryptocurrencies, and commodities. If you want to trade via your standard web browser, the broker also offers its own native platform - EuroTrader 2. In terms of fees, EuropeFX offers super-tight spreads on major pairs.
Your money is safe at all times, not least because the broker is authorized and licensed by CySEC. Visit EuropeFX In conclusion, the online trading space is now jam-packed with Bitcoin brokers. These pre-vetted brokers allow you to buy Bitcoin in a safe, cost-effective, and seamless manner — so the end-to-end investment process should take no more than 10 minutes!
By signing up with one of our recommended brokers, you can buy Bitcoin with a debit or credit card. Other options include a bank wire or e-wallet. This depends on the Bitcoin broker you sign up with. Not only do you need to check the minimum deposit amount, but also the minimum trade size. As we only recommend Bitcoin brokers that are regulated by tier-one licensing bodies, you will need to upload a copy of your ID.
This is to ensure the broker remains compliant with domestic and regional anti-money laundering laws. Once again, this varies depending on the broker. If you used a regulated CFD broker to buy Bitcoin, you simply need to place a sell order. When you do, the cash will be added to your account balance for withdrawal. Yes, you can short Bitcoin by using a regulated CFD broker.
In doing so, you can also apply leverage. Author: Samantha Forlow. Samantha is a UK-based researcher and writer that specializes in all-things finance. This covers everything from traditional equity and fund investments, to forex and CFD trading. Samantha has been writing financial-based content for several years and has a variety of publications in the online domain. Crucially, she is able to explain complex financial subjects in a newbie-friendly manner.
Our Rating. Visit eToro. L2T Rating. Coinbase - Coinbase. After launching its first product, it has since grown to service over 9 million users with an innovative platform that continually evolves to be one of the largest social networks globally, with clients in over countries.
Blockchain fees are applicable for sending and receiving. However, eToro does charge a conversion fee of 0. Minimum withdrawal amounts and fees are also imposed for each type of cryptocurrency.
The minimum bitcoin withdrawal amount is 0. Kraken - Kraken. This fee schedule, is more competitive than competitors like Coinbase and Gemini. Kraken Platform. Bittrex - Bittrex. Bittrex Homepage. Gemini- Gemini. Overall, Gemini is the most expensive crypto exchange included in this guide, charging more than five times what other exchanges would charge for the same transaction. Gemini Homepage.
Robinhood Robinhood Crypto does not charge a commission for placing crypto trades; however, it generates tiny profits from each order as it is routed. This routing practice, known as payment for order flow PFOF , is also how Robinhood makes money from stock trades. In their user agreement, Robinhood Crypto states that they may receive activity-based rebates from Crypto exchanges, brokers, and market-makers, among other crypto intermediaries. Bottom line, since Robinhood is not transparent with its pricing structure, there is a possibility the all-in costs per trade are actually much higher than some competitors.
Unfortunately, there is no way to know for certain. Robinhood Crypto. Trading cryptocurrencies is becoming more widespread as investors around the globe become more comfortable with blockchain technology and the exchanges that offer online crypto trading. Security enhancements for digital wallets continue to improve as well, providing traders more confidence that buying bitcoin is safe. When assessing security, ease of use, trading tools, and total cryptocurrencies offered, TradeStation comes out on top for That said, hopefully this review helps shed light on some of the other US crypto exchanges that also provide a good, clean, competitive offering.
Read Next Explore our other online trading guides:. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level.