Investing or trading in bitcoin, as well as other cryptocurrencies, can be daunting at first. The primary concern amongst people is security. Despite many scams taking place in this realm (and they will continue to do so).
It has never been easier and safer to invest and trade cryptocurrency than it is today. It all comes down to how trustworthy the provider/broker you’re working with is.
The following list of the best online crypto brokers ranks brokers/exchanges for certain types of traders and the best deals within any kind of exchange/Broker.
There are many ways to go about investing in bitcoin or other cryptocurrencies. So, without further ado let’s dive in and start trading!
Related: Crypto era, What is it all about?
Contents
Best Online Crypto Brokers
Etoro:
One of our top recommendations for the best online crypto brokers and trading the most common cryptocurrencies, such as bitcoin, ethereum, and Litecoin is etoro. With over 18 million users and over 20 million crypto transactions executed on the etoro website, etoro is one of the largest crypto brokers/exchanges in the world. Etoro operates in more than 140 countries and is one of the most stable crypto trading platforms available.
Although etoro is a broker that does not provide as many diverse assets to trade as some of its rivals, it does offer the 14 most common cryptocurrencies.
The following is a list of some of the crypto coins that are currently available on Etoro:
Bitcoin, ethereum, ethereum classic, litecoin, and Cardano.
Etoro provides a web-based trading platform as well as a mobile app. Even for beginners, the e-tool framework is simple to use. Here are some of the features we like best about etoro:
1. After you open an account, you’ll be given $100,000 in virtual money to practice trading with. You can use this trial account to try out different trading strategies.
2. When you open an account with etoro, you’ll be joining one of the largest trading communities in the world. You can share ideas, trade decisions, and strategize with other traders on the etoro platform.
This feature allows you to replicate other traders’ actions in real-time, which means you can follow other successful traders on etoro and copy their trades to profit from their success
Blockfi:
Blockfi is rapidly gaining popularity among cryptocurrency investors. It’s on this list of the best online crypto brokers because with Blockfi, you can receive up to 8% interest on your holdings, borrow money, and buy or sell cryptocurrency. Unlike other cryptocurrency exchanges, Blockfi provides interest-bearing accounts that allow you to earn money on any of the cryptos you carry on their platform. This ensures that after the transaction is completed, your new crypto asset can begin earning interest the next day.
No other cryptocurrency exchange offers you the opportunity to earn money on your investments in the same way that Blockfi does.
Interest on your crypto portfolio is paid out at the beginning of each month. The interest compounds, allowing you to make more money on the same investment as any other cryptocurrency exchange.
Depending on the digital currency, the annual percentage yield you can receive will range from 3 to 8.6 percent.
Another notable feature of Blockfi is that it allows you to borrow money against your coins. You can take out loans in US dollars instead of selling them when you need money. A feature that allows you to avoid selling in a down market is that you can get funded the same day you apply. With no prepayment penalties or fees. Their crypto loans have interest rates as low as 4.6 percent.
Related: Should you be Investing in Cryptocurrencies
Binance:
With a staggering 1.4 Million transactions per second and a daily volume of over $2 billion. Binance is the world’s largest cryptocurrency exchange and a popular place to buy and sell altcoins.
In 2017, Chiang Pinzao and Yihi opened the Binance cryptocurrency exchange, which is now one of the best in China.
Clients are only charged 0.1 per exchange. Despite the fact that deposits are free, withdrawals are not.
However, if you use the Binance-owned digital currency BnB, you can get a 50 percent discount. Which is one of the main reasons for Binance’s popularity.
Binance’s growth is due in part to a large number (over 100) of cryptocurrencies it provides. Well-known coins such as Ethereum litecoin and the lesser-known zcoin from the Binance exchange are among them.
Binance exchange is the best option for people who want to trade or invest in the best crypto altcoins because it has the largest altcoin trading volumes.
Tradeview Markets:
Based in the Cayman Islands, Since its launch in 2004, Tradeview Ltd has seen rapid development with clients from 150 different countries, making it an attractive platform for any new investor, and a sure contender in any list of the best online crypto brokers.
It offers many trading pairs and lower transaction costs than most other cryptocurrency exchanges/brokers. The company’s vision is to provide its customers with the basic resources they need to conduct daily trading operations.
Such as purchasing bitcoin and using margin trading.
For forex and commodities, Tradeview LTD’s commissions and charges are among the lowest in the industry – Thanks to their Innovative liquidity connector system. And for cryptos, the standard offer for liquidity deals is 7.5 basis points.
So, multiplying the rate of BTC x 0.0015 will get the round commission figures per trade. Tradeview LTD provides a great forum called TradeGateHub – with critical trading resources to assist both inexperienced and experienced traders.
Trade Crypto CFDs With Tradeview by Opening an Account today
Conclusion:
The future of finance seems to be digital currencies and the blockchain. There are many brokers out there, but the best online crypto brokers have your back.
Cryptocurrencies seem destined to be used as online payments, despite their current uncertainty and lack of universal acceptance as a payment tool.
They may thus be an interesting long-term investment, especially if you have high risk tolerance.
Nobody can predict the trajectory of the financial markets. Yet, cryptocurrencies have gained traction as a popular financial instrument.
