Best Cryptocurrency Brokers
Best Brokers in January, 2021
Open Your Account
Fact-Checked and Verified Brokers
With Investment Protection
|
We have reviewed all tier-1 cryptocurrency brokers and crypto exchanges. This list shows the top brokers that you can rely on to buy Bitcoin and Ethereum in 2021.
P.S. We are 100% independent.
 |
Best Crypto Brokers in 2021
Every year, we review the crypto market and evaluate all regulated and OTC exchanges. Our editorial team reviews the brokerage services, fees, wallet, payment methods, caps and limits, alternatives, regulation and safety, and many more factors to be able to rate them accordingly. We have done the research, so you can focus on trading.
eToro Review
- Free commission stocks is available in EU countries
- ETF trading is available in the EU
- Registration & account opening process is very easy
- Copy Trading & Social Trading is Available
- Offers Basic Fundamental Data
- It charges high forex trading fees
- You can only hold one account base currency
- Withdrawal is not free. It costs $5 per withdraw.
eToro is ranked among the top 10 crypto trading platforms in 2021. Since it allows you to copy trade, you can easily use eToro to find the best crypto investor, and follow their footprint.
eToro fees for S&P 500 CFD is 0.75 average spread cost, which is comparatively considered low.
There is no stamp duty and Financial Transaction Tax on you because eToro take in the cost. So, you can actually save this much: “of 0.5% in the UK, 1% in Ireland, 0.3% in France, and 0.1% in Italy”.
Thinking of what to coin to invest when using etoro?
eToro trading instruments can vary depending on your trading strategy. Generally the list below is available to all traders.
- Bitcoin,
- Bitcoin Cash,
- Ethereum,
- XRP,
- Litecoin,
- XLM,
- CFD,
- Forex
- Real Stocks
- ETFs
Copy Trader is someone who monitors the lead traders in the market and follows their trading strategy. With eToro, you can copy up to 100 traders’ portfolio all at once and browse through their portfolio.
Tip: Min investment per trade is $200 and Max is Half a million.
eToro was established in 2007 in Israel, and today it is regulated by the following financial authorities in Australia, Cyprus, UK
The Financial Conduct Authority (FCA),
Investment Commission (ASIC),
(GySEC) Cyprus Securities and Exchange Commission.
Apart from the ablve mentioned regulations that mostly applies to CFD and forex trading. eToroX and etoro wallet hold the following licences:
The eToro Wallet is provided by eToro X Limited (‘eToro X’), a limited liability company incorporated in Gibraltar with company number 116348 and with its registered office at 57/63 Line Wall Road, Gibraltar.
eToro X is a regulated DLT provider licensed by the Gibraltar Financial Services Commission under the Investments and Financial Fiduciary Services Act with licence number FSC1333B.
Conclusion:
For security and regulation purposes, you must be a fully verified user to be able to transfer coins from the eToro trading platform to the eToro Wallet.
eToro is one of the best copy trading brokers in 2021 that keeps improving their services. The brokerage company is a fully-regulated broker that offers cryptocurrencies, FX and offers growth stocks trading with zero-commission.
Education is pretty good and available via, webinars, classroom training, videos, and a demo account with $100k virtual money to practice and learn. With around 47 currency pairs and 1900 Stocks CFDs, you can confidently find the right instrument to trade.
The account opening and verification process is automated and fast. Once you are verified, you can use your credit card to invest in bitcoin, and other crypto instruments.
Once you’re verified, you can access your eToro wallet to keep your coins. eToro’s support team responds fast if you use their live chat service, but you may get stock for up to 7 days when asking for help via email.
eToro Review
- Offers Low Trading Fees
- Multiple Base Currencies
- Customisable Dashboard
- Regulated in many countries
- Free & Fast Withdrawal
- Investment protection is only available in the EU Countries
- You will be charges "Administrative and Inactivity" fees
- Web trading platform is not that user-friendly
AvaTrade is a trusted broker that allows you to trade, Forex CFDs, Fx, CFD, and several cryptocurrency products through its trading platform. It’s a great choice for both beginners and professionals to trade blockchain products.
AvaTrade does not limit you to trade crypto against crypto, So you can trade crypto against fiat currencies such as USD, EUr, etc.
It does not charge any commission and overall the fees that you might pay are considered very low. In order to deposit and withdraw funds you can use the majority of payment gateways such as Credit card, Paypal, Wire transfer (NatWest, Barclays, UniCredit), Neteller, Webmoney, and 20 more payment methods are available.
Unlike other crypto exchanges, the trading and investment process in Avatrade is very smooth.
- Open a trading account with AvaTrade
- Get verified
- Deposit fund to your account via 25 payment methods.
- Choose your coin
- BUY (go long) or SELL (go short) Bitcoin
AvaTrade portfolio is limited to CFD & Forex CFDs, and Crypto currencies that means no real assets or shares are available yet.
You won’t be able to change the leverage level, This is a negative point.
To trade cryptocurrencies and the other CFDs such as commodities, ETF, Stock index CFDs, etc. you should check our best CFD brokers list.
Like eToro, AvaTrade also allows social trading or copy trading. That means you can follow experienced traders history and follow their portfolio. To make this happen, Avatrade is using DupliTrade and ZuluTrade.
AvaTrade is a regulated and well-known brand among traders that offers extensive sources of products and two robost trading platforms
You can trade on all three forex trading platforms:
AvaTrade also uses web trading platform is powered by “Web Trader” which is good for those who don’t want to install anything on their system.
The desktop trading is available for windows and Mac users too.
“AvaTradeGO” is the broker’s mobile trading App for smartphones: Android and IOS.
AvaOptions is the in-house platform that they’ve built. It offers all functionalities and works really smooth. Ava Options include professional risk management tools, portfolio simulations for pros.
The platform is user-friendly and easy to use. Let’s have a look:
As a trusted online broker with great history of offering cryptocurrency products, avatrade has alwaysed been concerned about its regulation. That’s why we have found that the brokerage firm is fully regulated by the following Financial regulatory body:
- (ASIC) in Australia also known as Australian Securities and Investments Commission
- (FSCA) in South Africa which is known as Financial Sector Conduct Authority
- In Japan, they are governed by both (FSA) the financial service agency
- (FFAJ) Financial Futures Association of Japan
- The Central bank of Ireland
- B.V.I from the British Virgin Islands
We believe that these facts should suffice when concluding the review on AvaTrade’s crypto trading ranking.
- Solid Safety & security – Since the broker is regulated by six regulatory authorities, the risk shall be minimised.
- Vast variety of Cryptos to Choose From
- No Hidden Fees – AvaTrade provides zero commissions policy and charges no bank fees on transactions!
- Trade Bitcoin, 24/7 – AvaTrade offers great customer support and able to address your issues 24/7, and in 14 languages.
- High Trading Leverage – As you progress and decide to increase your initial capital, you will be rewarded with Up to 20:1 leverage.
- You can trade Cryptos Against Fiat Currencies too. You won’t be limited to trade coins against each other, In fact you are able to trade Cryptos against major Fiat currencies such as USD, EUR, JPY etc.
Fee structure of the best forex brokers and CFD brokers are way easier to understand in comparison with the crypto exchanges. It’s a bit difficult to
For instance, the Coinbase fee structure is as follows:
- The market price on Coinbase Pro +0.5% Transaction fee – A flat fee for transactions below $200 or a percentage of the transaction (the greater of the two).
- For the majority of transaction fees, there will be a 1.49% of standard buy and a 3.99% for any purchase with a credit card.
Despite the complexity of cryptocurrency and digital currencies, Coinbase still offers one of the lowest fee structures in the market.
A positive point is that any transactions between Coinbase accounts won’t cost you a penny.
There is always Pros and cons. : The positive side is on having fast transfers within the US and European countries.
Additionally, it offers low fees for crypto trading. On the negative side, their team seems busy and not offering fast customer support. Besides, it’s mostly limited to a few countries, so it won’t be available worldwide. (Mostly SEPA and US)
If you choose Coinbase as your broker to Buy Bitcoins with your bank account, you have to expect an additional 1.49% fee on wire transfer purchases.
In 2012, Brian Armstrong and Fred Ehrsam have joined Ycombinator, to get help and accelerate their startup idea. Ever since, Coinbase is operating and considered one of the successful exchanges platforms.
Coinbase’s product and offerings were only Bitcoin brokerage service, but as they grow, the company added a bitcoin wallet, corporate trading, and acting as OTC by selling Bitcoins directly to customers.
Coinbase is fully regulated & licensed in the majority of US jurisdictions. As per their data, around 35 million customers use their services t:
- buy crypto currencies
- Sell crypto currencies
- store crypto,
- use and earn cryptocurrency.
The following cryptocurrency products are available on Coinbase:
- Bitcoin
- Ethereum,
- XRP,
- Bitcoin Cash,
- Litecoin, and many more.
After reviewing their services, and hearing expert opinion about Coinbase, we think Coinbase is definitely one of the best options for beginners and new crypto investors.
Even thought their standard platform is a bit expensive, the trade off is having access to their education and learning program, as well as being able to configure your account for recurring purchases.
There is a catch for Professionals too. Experienced investors often open a Coinbase Pro account to access a robust tool.
If you wish to trade like pro, it’s better to choose the other brokers from this list because Coinbase is really built with the beginners in mind.
Buying Bitcoin, Ethereum, and other cryptocurrencies are interesting, yet you must be aware of a few important Do and Don’t.
Can I transfer Bitcoins to my bank account?
Because the traditional financial system and banks do not accept bitcoins, you can not transfer Bitcoins to your bank account.
You can, however, keep it in your bitcoin wallet or cash it out by exchanging them to fiat currencies such as USD, and Euro.
Where can I buy Bitcoin?
You can either use regulated brokers or go through OTC, over the counter exchange platforms. Make sure you check their background before trading.
Can I use Digital Banks to buy Bitcoins?
Not yet. Firstly you don’t need a bank account (in traditional terms) to trade BTC. Secondly, when you have your wallet, you ought to use that rather than transferring it to your bank.
Please remember that buying cryptocurrencies via credit card is easier that wire transfer because as part of KYC and investigation process, some banks may require additional proof to let you make the transfer and that might be against your position, especially if the market is volatile.
The Covid-19 pandemic proved that the traditional financial system lacks agility to adapt to market changes. On the contrary, despite being a very challenging year, the year 2020 was great for institutional investors to show interest in cryptocurrencies as a best alternative to traditional financial assets
In 2021, you can focus on crypto as an insurance policy or a hedge against the economic fluctuations. Obviously you don’t need to know every bit and pieces of blockchain technology, but you still need to have the best crypto brokers at your disposal to make profit on trading the best cryptocurrency products this year.
Here are a few suggestions for crypto trading that are backed by proof and facts.
Trade Bitcoin to US Dollar – BTC/USD CFD
There are many tools to follow Bitcoin trends and figure out whether the myth about Bitcoin reaching $100,000 is true or not. However, many financial advisors and experienced bitcoin traders believe that it’s highly probable in 2021. You can find good opportunities to trade cryptocurrency if you compare online brokers carefully.
Ethereum: The rise of Decentralised Finance
Ethereum is without a doubt one of the most promising cryptocurrencies this year, especially because of its great growth and performance of 380% growth over 12-month period during Covid-19 and the challenges 2020.
Bitcoin broke the record again, but Ethereum remained the second-largest cryptocurrency and blockchain product with a market cap of $68,127 billion. The cryptocurrency started the year trading around $125 and climbed up to around $600, which is a 380 per cent surge within a period of 12 months.
Ripple: Innovating Ecosystem for Coins
Ripple could just be a digital bank and a good alternative for borderless payments, but the company grown tremendously and made it a safe choice for financial payment system, and crypto.
Ripple had a great start in attracting financial institutes to back them. Since 2013, the ripple platform has been adopted by more than 100 financial institutions globally.
In 2020, their blockchain was accessible in 40 countries through 300 providers such as AMEX, HSBC, JP Morgan, and more.
Finally, choosing the right trading platform can put you to trade more confidently. The good news is that most popular crypto trading platforms support the following languages.
أفضل وسطاء العملات الأجنبية in Arabic Bulgarian Chinese Croatian Czech Danish Dutch, Estonian Finnish French besten forex broker in German Greek Hebrew Hindi Hungarian broker cfd terbaik di indonesia in Indonesian migliori broker cfd in Italian Japanese Korean Latvian Lithuanian Malay Mongolian Persian Polish melhores corretoras de forex Portuguese in brazil Romanian Russian Serbian Slovak Slovenian Spanish bästa cfd-mäklare in Swedish Tajik Thai Traditional Chinese Turkish Ukrainian Uzbek Vietnamese.
