Compare the 11 best cryptocurrency brokers in 2024

This guide takes you through the top cryptocurrency brokers. Find expert picks and a ranking of the best crypto brokers available today.
By:  & 
Updated: May 9, 2024
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We asked our team of experts, with decades of cryptocurrency experience between them, test the best crypto brokers and rate which ones came out on top.

This beginner-friendly guide breaks down the results to show you which platforms came top of the class, and explains how your trading style affect which is the best Bitcoin broker for you.

Top cryptocurrency brokers overall for 2024

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What are the best crypto brokers?

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Our experts ranked these brokers as the best places to trade crypto today. Sign up by following one of the links in the table or keep reading to find out more about each platform and why we rated it so highly.

Top 11 crypto brokers, reviewed

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The top crypto brokers for your needs

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What is the top cryptocurrency broker for beginners?

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eToro is the best beginner-friendly platform for trading cryptocurrency. When you’re just starting out, you want to prioritize ease of use and get plenty of guidance. With eToro’s CopyTrader feature you can access both, and it boasts cheap trading fees as well.

Crypto brokerTrading fees
eToro1%
Coinbase1%
BinanceFrom 0%

What is the best broker for cryptocurrency trading?

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BitPanda is our expert pick as the best broker to trade cryptocurrency. For those looking to make frequent moves, it’s essential to register for a broker that offers low trading fees and a variety of charting and analysis tools. BitPanda offers both, which makes it a great place to start your trading journey.

Crypto brokerTrading fees
BitPanda1.49%
eToro1%
Coinbase1%

What is the top cryptocurrency broker for long term investors?

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Coinbase is the best broker for cryptocurrency trading combined with a secure storage facility. You can use Coinbase to buy and sell crypto, then keep your digital currencies safe in the Coinbase Wallet.

Crypto brokerTrading feesDedicated wallet?
Coinbase1%Yes
eToro1%Yes
BinanceFrom 0%Yes

What is the best crypto broker for altcoins?

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OKX has the largest range of coins on offer, so it should be your first port of call to buy altcoins. Many crypto brokers only list a limited number of digital currencies, so take advantage of the fact that OKX offers hundreds of them.

Crypto brokerNo. of coins
OKX360+
Binance350+
Coinbase200+

Read more: the best altcoin brokers

What is the best crypto broker for DeFi coins?

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The leading decentralized finance (DeFi) coins are all available on eToro. DeFi coins have become some of the most popular cryptocurrencies on the market, and eToro has always been quick to add the best coins to their list of digital assets for sale. You can buy them on eToro very easily, and with low fees.

Crypto brokerTrading fees
eToro1%
Coinbase1%
BinanceFrom 0%

Read more: the best DeFi trading platforms

What is the best broker for staking coins?

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eToro is the best bet for staking your coins without having to think much about it. You simply buy and store your coins on eToro and earn interest on coins once you pass the qualifying period – usually about ten days.

Just note that you may be better off financially if you use a dedicated staking platform, as opposed to a broker, as less of your money is lost in fees.

Crypto brokerStaking?
eToroYes
CoinbaseYes
YouHodlerYes

Read more: the best crypto staking platforms

What is the best crypto broker for spread betting?

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It is hard to find cryptocurrency brokers that let you spread bet. The best option is normally to trade crypto instead, as it’s more widely accessible to retail traders. City Index is our top ranked spread betting broker.

Spread betting brokerTrading fees
City IndexZero commission
PepperstoneZero commission
Saxo MarketsZero commission

Read more: the best cryptocurrency spread betting brokers

What is the best Bitcoin broker?

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eToro is the best broker for trading Bitcoin. It charges a fixed 1% fee on all Bitcoin trades, while the interface is clean and easy to use.

Crypto brokerTrading fees
eToro1%
Bitstamp1.49%
Coinbase1%

What is the best crypto broker for Ethereum?

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Bitstamp is the best Ethereum broker. It’s a highly secure broker for trading crypto, and boasts industry-leading uptime so you can always trade whenever you want.

Crypto brokerTrading fees
Bitstamp1.49%
eToro1%
Binance1%

What is the best cryptocurrency broker for new coins?

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Coinbase is the best crypto broker for trading new coins. It has a huge range of cryptocurrencies and is usually one of the first brokers to add new coins.

Crypto brokerTrading fees
Coinbase1%
BinanceFrom 0%
OKXFrom 0.6%

What is a cryptocurrency broker?

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A crypto broker is an online trading platform that functions as a middleman for buying and selling cryptocurrencies. There are two different varieties of crypto broker: simple platforms that offer coins at set prices, and more complex interfaces that allow you to trade a wide variety of cryptocurrencies in real time.

How does a crypto broker work?

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On the most basic level, Bitcoin brokers work by matching up buyers and sellers in order to execute trades. Sometimes the broker itself is on the other end of the deal, and sometimes the broker merely facilitates trades between other users in an open marketplace.

Like a bureau de change at an airport, most of the time the broker sets rates for each coin and allows you to buy at this price instantly. The broker will apply fees for this convenience, but these platforms are often the best bet whether you want to trade crypto by buying and selling coins rapidly, or you want to own a large number of coins or tokens – say more than $50,000 worth.

How do I use a Bitcoin broker?

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You simply need to sign up, make a deposit, and then you can get the coins you’re interested in at the price given by the platform. The best Bitcoin brokers are straightforward and easy to use.

To start making trades as the market fluctuates you simply need to head to the trading interface of the Bitcoin broker’s website or app. From here you will be able to see all the relevant crypto price charts and start to trade cryptocurrencies right away.

What should I look for in a crypto broker?

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There are a number of different factors to consider when choosing the best broker to buy cryptocurrency. Consider how intuitive the platform is to use, to more trading-related concerns such as how many coins you can trade and the fees involved for doing so.

Here’s a quick summary of all the key considerations when using a broker to trade cryptocurrency.

Design and ease of use

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It’s always best to ensure you find a platform easy to navigate before using it to place trades. The point of using a broker is to make the trading process simpler, so don’t settle for a platform that makes it confusing.

Access to a demo account

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Many online crypto brokers offer the option to trade with virtual money so that you can practice. Demo accounts are hugely useful if you have never traded digital currencies before.

You can trade Bitcoin and Ethereum without risking any money just by flipping a switch in the settings, and we recommend it as a starting point. This option is available to all retail investor accounts.

Price

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You don’t want to pay too much above the market rate. Cryptocurrency broker fees include a combination of fixed commissions and variable spreads, so compare different brokers and make sure you’re getting a good deal.

Payment charges

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Different crypto brokers will accept different methods of payment – and charge a range of fees for doing so. It’s common to find debit card payments accepted across most crypto broker platforms, but if you’re looking to pay for your coins using other methods such as credit cards or online wallets like PayPal there can be fees applied.

Regulation

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The top Bitcoin brokers are regulated or approved by top tier financial institutions, such as the Securities and Exchanges Commission (SEC).

When you choose a cryptocurrency broker, look for platforms that are registered with the SEC, or an equivalent body, as that means you benefit from investor protection, like compensation schemes in case the broker goes bust.

Most brokers are regulated in some form right now, but the rules on which platforms meet the regulations might change in the future.

Reputation

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Whenever you’re trusting an online platform or app with your money, you want to be sure the service is reliable. To compare cryptocurrency brokers it’s best to have a look through various user review sites, and also to check out in-depth reviews of each brokerage.

Use the table below to compare the average review scores for the top 3 crypto brokers in 2024:

Variety of coins

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It’s no use finding a platform that you like if it doesn’t allow you to trade the specific coins you’re looking for. Every crypto broker will let you buy Bitcoin, but not all will support less frequently traded cryptos such as Theta and Algorand.

Here are some of the available coins on the best crypto broker in 2024:

Payment methods

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When you create an account you need to deposit some money into it at the same time. Most brokers accept common payment methods, like bank transfers and debit cards.

However, other payment methods may not always be accepted. If you want to use PayPal or a similar online payment provider, it’s important to check the broker accepts it before you sign up.

Trading options

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If you’re looking to trade cryptocurrencies, rather than holding coins for the long term, then make sure the cryptocurrency broker you’re using has the capabilities you’re looking for.

This could involve being able to trade cryptocurrency with leverage or to sell different coins short. Techniques like this come with increased risk and we only recommend experienced traders undertake them.

Compare brokers and sign up

Quick answers to key questions

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Do cryptocurrency brokers charge commissions or fees for buying cryptocurrency?

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Yes, even the best cryptocurrency brokers charge some sort of trading fee or commission. However, these vary between platforms and might appear in different ways. For instance, a broker might advertise that it charges ‘zero fees,’ but if you look at the price they’re quoting for a coin you’ll realize that it’s above market rate. 

This is because cryptocurrency broker fees are sometimes incorporated into the price, so you won’t pay a fixed rate fee, but there is still a commission being applied. Other platforms charge a certain amount per trade; 1-2% of the total trade value is most common. Here’s a look at some common fees crypto traders may encounter.

Do I have to verify my identity with a cryptocurrency broker?

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Yes, you will have to provide evidence of your identity. The top brokers are regulated and as such need users to prove their identity to comply with KYC (Know Your Customer) guidelines. Usually, at least one form of photo ID is required, which can be your passport or a driving license.

Can I buy multiple cryptocurrencies through a broker?

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Yes, pretty much every broker will offer a range of coins. The amount on offer varies from 10-15 on the most basic broker, to thousands on the biggest and most advanced platforms. On almost every broker you can expect to find the likes of Bitcoin, Ethereum, Avalanche, Binance Coin, Cardano, Dogecoin, Solana, Tether, and XRP. 

If you’re looking for altcoins, then you need to find a more advanced trading platform, or a top crypto exchange. There you can find more obscure coins, like Aave, ApeCoin, Axie Infinity, Bitcoin Cash, Chiliz, Litecoin, Monero, Stellar, Zcash, and many hundreds of others.

Do I need a wallet to use a crypto broker?

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No, not usually. It can however be a good idea to get one if investing for the long term. The best crypto brokers will typically allow you to hold your coins in your online account or app.

This can be convenient for people looking to trade coins frequently, but long term investors might want to consider a secure hardware wallet, such as the Ledger Nano S.

Do the best cryptocurrency brokers have mobile apps?

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Yes, the best Bitcoin brokers have their own crypto trading app that you can access on iOS and Android devices. You may want to test out the app by downloading it before you sign up to a broker, particularly if you plan on trading a lot from your phone.

Apps should provide a seamless trading experience that’s just as good as using a web browser; if an app doesn’t offer that, you might want to look elsewhere.

What’s the difference between a crypto exchange and a crypto broker?

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A cryptocurrency exchange is a platform that allows the trading of crypto assets like Bitcoin, Ethereum, and other crypto coins. Decentralized crypto exchanges operate on blockchain technology, while centralized crypto exchanges act as intermediaries. 

In contrast, a crypto broker is a firm that provides access to the crypto market, allowing investors to trade crypto CFDs or buy crypto without holding the actual cryptocurrency. The best crypto brokers offer leverage, trading strategies, and tools for speculating on crypto holdings.

What is the difference between trading crypto CFDs and buying crypto?

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When you trade crypto CFDs (Contracts for Difference), you speculate on the price movements of the underlying asset without owning it. CFDs are trading derivatives that allow you to go long or short on crypto assets.

However, when you buy crypto, you own the actual digital currency and can store it in a wallet or earn rewards through activities like staking. Buying crypto gives you direct exposure to the cryptocurrency itself.

What type of crypto broker accounts are available?

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Online cryptocurrency brokers offer various account types for crypto traders, including:

  • Demo. A practice account to test trading strategies risk-free.
  • Spread betting. Tax-efficient accounts for speculating on price movements.
  • Commission based. Pay a commission per trade, often with lower spreads.
  • Islamic. Accounts compliant with Sharia law, without interest or rollover fees.
  • Professional. Advanced accounts for experienced traders with higher leverage and tighter spreads.

What leverage is available for cryptocurrency traders?

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The leverage available to crypto traders varies across brokers and jurisdictions due to regulatory compliance. Many brokers offer leverage up to 2:1 for retail clients, while professional traders may access higher leverage like 5:1 or even 20:1. 

However, leverage amplifies potential profits and losses, so risk management is crucial when utilising advanced trading strategies with leverage.

Can I trade cryptocurrency CFDs with an online broker?

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It depends on where you live. Crypto CFDs are permitted in the US, but are banned in other parts of the world (for example, in the UK).

Should I use brokers to buy and sell cryptocurrency?

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The answer to this question depends on your investment goals. Any of our top 10 cryptocurrency brokers offer beginner-friendly, but you need to be aware that the convenience provided by brokers comes with additional fees.

The number of cryptocurrencies available on a broker can be limited compared to other investing platforms. A broker is a great option for the most popular coins, so you can buy Bitcoin and Ethereum very easily, but it might not be the best choice if you want to trade the latest altcoin trends.

You need to balance your desire for convenience and ease-of-use with cost and the range of trading options. A broker is best for beginners and for low trading fees but for the best coin prices or the widest range of coins, you might want to look elsewhere.

Still undecided?

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Before investing in cryptocurrency it’s important to weigh up the key pros and cons. Below are some of the main benefits and drawbacks of trading cryptocurrencies through a broker, along with some additional questions to consider and FAQs at the bottom of the page.

Pros

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  • Buying cryptocurrencies using a broker is a user-friendly process
  • Brokers are intuitive and offer excellent customer support
  • Some brokers allow leveraged trading of cryptocurrencies

Cons

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Choose a reliable broker

Should I buy cryptocurrency now?

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If you believe that a particular cryptocurrency is going to perform well and rise in value in the long term, then it’s a good idea to sign up to a broker and hold your coins while the uptrend in price hopefully materializes.

But long term trends aren’t the most important thing for every trading strategy. Suppose your interest is more in becoming a crypto day trader. In that case, it’s more important for you to master the art of analysing cryptocurrency charts and other aspects of technical analysis. Rather than looking into how a coin will perform over months and years, you need to be able to predict how it will perform over days, hours, or even minutes and make trades accordingly.

Whatever the approach you take, one thing that is always essential is to keep up to date with the hottest cryptocurrency news. You can read the most recent features from our experts right here to help you time your trades and work out if now is the right time to invest.

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Methodology: How we chose the best cryptocurrency brokers

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Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 63 crypto brokers to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of crypto experts, analysts, and active traders who sign up to each brokerage, conduct research, and score each service.

Our tests are designed to find crypto brokers that offer a beginner-friendly, secure investing experience at a fair price. To supplement our practical testing and experience, we research each brokerage to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each crypto platform is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual crypto brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

FAQs

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Do I have to pay tax on the profits I make on my coins through a broker?
Are the top cryptocurrency trading platforms anonymous?
Can I transfer money from a crypto broker to my PayPal account?
Are cryptocurrency trading platforms available 24/7?
Can I swap different cryptocurrencies for each other using a Bitcoin broker?
Can I use multiple brokers?
Are crypto brokers legal?
Are crypto brokers regulated?
Can crypto trading platforms store digital currencies?
Can I access my full trading history with a broker?
OK, I’m ready to buy cryptocurrency now


Sources & references
Risk disclaimer
Max Adams
Editor of Education
Max was the Editor of Education for Invezz from 2019-2021, overseeing the wider investment educational strategy. He has written for financial publications for over 5 years,... read more.
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.