Compare the best bitcoin brokers in 2021

To invest in Bitcoin, you’ll need to sign up to a broker aka trading platform. This page takes you through the best ones, and explains how to choose between them.
By: Max Adams
Max Adams
Max has a keen interest in the transformative power of technology and is the founder of a platform called… read more.
Updated: Jun 30, 2021
Tip: our preferred broker is, eToro: visit & create account

What are the best Bitcoin trading platforms?

You can find a list of the top platforms for trading Bitcoin right here. We have reviewed all the most reliable brokers out there and this table below displays the best of the best – have a read through our reviews and see what you think. If you’re not ready just yet, scroll down and continue reading to learn more.

1
Min. Deposit
$50
Exclusive promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Exclusive promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
3
Min. Deposit
$20
Exclusive promotion
User Score
8.7
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Cryptocurrencies, Debit Card, Wire Transfer, skrill
Full regulations list:

What is a Bitcoin broker?

A broker acts a middleman for buying and selling Bitcoin. Also known as trading platforms, they come in two varieties: services that allow you to buy and sell at a fixed price, and comprehensive trading interfaces on which you can trade Bitcoin in real-time.

How do brokerages work?

Brokers work by matching up buyers and sellers in order to complete Bitcoin transactions. Sometimes the broker itself is on the other end of the deal, and sometimes the broker merely facilitates trades in an open marketplace.

Brokers in the former category function similarly to a bureau de change: they set a price that reflects the current market rate with a slight mark up. These platforms are one of your only options if you want to own very large amount of Bitcoin (for instance if you want to invest £50,000 or more).

The latter are more complex trading platforms that allow users to trade against the value of Bitcoin in real-time using CFDs. Contracts for Difference (CFDs) let traders speculate on price changes without ever taking ownership of the coins. This means trades can be placed faster and also enables leveraged trading.

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

On an exchange you trade directly with other people, which is also known as ‘peer-to-peer’. This is in contrast to a broker, where either the price is determined by the platform or you make trades against the current value of Bitcoin. The definition of peer-to-peer is covered in more depth in the FAQs at the bottom of this page.

Exchanges are generally more complicated to use as they offer busy price charts and constantly refreshing order lists, rather than simply advertising the current price of an asset.

How do I use a Bitcoin broker?

It’s easy. Just go to the broker site and it will have the current rate at which they’re selling Bitcoin displayed. If you’re happy with the price then set up an account, select how much you want, then enter your payment details and pay.

If your chosen broker also offers real-time trading, then you’ll be able to navigate to the interface and start making moves with CFDs to capitalise on price fluctuations.

The best Bitcoin trading platforms for beginners, traders, and long-term investors

Your choice of broker will often depend on your level of crypto experience and how you’re looking to make money. Here’s a quick run-down of the best services depending on these criteria.

The top broker for beginners

If you’re just starting out with cryptocurrency investing, then you’ll want to prioritise finding a platform that makes the process as simple as possible.

1
Min. Deposit
$1
Exclusive promotion
User Score
10
FCA regulated crypto exchange with 4500+ digital assets available for trading
Supports users from over 100 countries including the US and Canada
Withdraw your funds using PayPal or other payment methods
Start Trading
Description:
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.
Payment Methods
3d Secure Credit Card, Credit Card, Debit Card, Euro Bank Account
Full regulations list:

The top platform for day-traders

There are platforms that are tailored for those wishing to trade Bitcoin and want more flexible options than the fixed rate offered by many brokers. If you’re a budding trader then you should make sure to find a platform with great trading features.

1
Min. Deposit
$50
Exclusive promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

The top app for long-term buyers

Some investors find the best way to generate profits with Bitcoin is to hold coins for the long term. If this is what you’re planning to do, then the best bitcoin trading platform is one that includes an app that can store your your coins.

1
Min. Deposit
$1
Exclusive promotion
User Score
10
Instantly switch between your crypto and traditional currency with zero fees and up to 3% savings
Spend your crypto and fiat currencies with realtime conversion at point-of-sale and instant crypto rewards
Cryptoback™ rewards pay out up to 1.5% in BTC every time you use your Wirex card in-store
Start Trading
Description:
Wirex is a digital payment platform with a mission - to make crypto and traditional currencies equal and accessible to everyone. We’re making fintech simple. Our innovative mobile app and next-gen Wirex card lets you buy, store, exchange and spend a wide variety of conventional and digital currencies quickly and securely, with no hidden fees and zero fuss. Download the app now and discover a world where every purchase earns you Cryptoback™ rewards - and using your cryptocurrency in real life is as easy as tapping your Wirex card.
Payment Methods
Credit Card, Debit Card, Wire Transfer
Full regulations list:
FCA

What should I look for in an online trading platform?

There are a variety of differences between brokers, so it’s important to find one that suits your needs. Some are more beginner-friendly, but charge higher fees; some will accept payment methods such as PayPal, but have a limited range of coins; some will have well-designed mobile apps, but low transfer limits. Here’s a quick run-through of the factors to consider when choosing a broker.

Design and ease of use

The purpose of a broker is to make it as easy as possible to make trades. You want to make sure the interface is designed in such a way as to make it as simple as possible for you to find what you’re looking for.

Price

Different platforms will charge a different amount for each transaction. This is because any commission charged by a platform will be included in the advertised price, referred to as the ‘spread’. To find the best rate it’s a good idea to compare multiple platforms.

Payment charges

You want to make sure you’re getting a good deal. Depending on the platform and your chosen payment method, there could be fees of 0% to 5% of your deposit amount, with credit cards typically being the most expensive option.

Reputation

You will want to be sure you are sending your money to a company that will not disappear with your cash. In the UK, brokers must be regulated so look out for this when reading reviews. There are many platforms that have been around for a while and have good reputations. Some of the common options you should consider include eToro and Coinmama.

Variety of coins

If you want to extend beyond Bitcoin, you can find brokers with a range of cryptos. It is common for brokers to offer the top-performing cryptocurrencies (such as Bitcoin and Ethereum), but if you’re looking for more niche coins then be sure to choose a broker that can help you with this.

Trading options

If you’re looking to trade Bitcoin in the short-term, then you should look for a broker that offers a great array of tools and features. These could range from allowing you to short sell Bitcoin or to trade with leverage. We only recommend that experienced traders use these techniques.

Quick answers to key questions

Do brokers charge commissions or fees?

Even the best Bitcoin brokers typically do, but these are included in the BTC price displayed. The price advertised is the price you pay, without any percentage commission being added when you’re entering your details. The only additional fees charged by basic platforms will be fees for specific payment methods (e.g. credit cards).

You should be sure to look out for other fees as well, though, with the most common being overnight fees and spreads. The spread is the difference between the bid and ask (buy and sell) price of Bitcoin and represents the cut that the broker is taking in the form of fees on trades.

Do I have to verify my identity?

Yes, you usually have to verify your identity to register. Usually you’ll have to provide proof of your ID (such as a passport and a driving license) and address (such as a utility bill or bank statement). Typically you’ll have to provide a selfie of you holding your photo ID to prove it’s yours.

Can I buy multiple cryptocurrencies?

Yes, most brokers sell a variety of cryptocurrencies, including the major coins such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. There are brokers that trade hundreds, or even thousands more cryptos than these, so if you’re looking for a specific coin then make sure to choose a broker that offers it.

Do I need a wallet to use a Bitcoin trading platform?

Not usually. Normally your broker account will also include a digital wallet that can store your coins for you once you own them. Some brokers do not offer this, however, and to use these you’ll have to set up your own wallet and give its address for your Bitcoin to be sent to. 

If you’re trading Bitcoin using CFDs then you won’t need a wallet as you don’t ever need to take ownership of the coins. This means you can open and close trades quickly and don’t have to worry about the security of your coins.

Should I use brokers to buy and sell Bitcoin?

It depends on what your ultimate goals are. If you want an easy and seamless way to capitalise on the growth and price fluctuations, then brokers offer the simplest option. Generally, this convenience comes at the cost of slightly higher fees than you’ll find on an exchange, though. 

If you’re a beginner, then we would recommend using a broker to make your trades, as exchanges are more complex, harder to navigate, and don’t offer options such as using CFDs and trading with leverage.

Still undecided?

If you need more information before signing up for a broker, then we can help. Below is a quick run-through of the pros and cons of investing in Bitcoin this way, along with some things you might want to consider before making your investment.

Pros

  • Brokers make buying Bitcoin easier, particularly for new investors
  • They offer more protection from short term fluctuations in the value of Bitcoin
  • Simpler to use than Bitcoin exchanges
  • Brokers usually have helpful customer service
  • Some brokers allow you to trade Bitcoin CFDs with leverage

Cons

Should I buy Bitcoin now?

This depends on what your investment goals are, and how well you think Bitcoin is going to perform in the coming months or years. If you believe that Bitcoin’s price is going to rise over time, and you don’t mind having some of your money tied up in the cryptocurrency for a while, then it is likely a good move for you to invest your money.

If your plan is to trade Bitcoin in the short term, then its current value and future projections are of less importance than your knowledge of technical analysis. Study Bitcoin’s price charts to see if you can identify patterns that can help you generate profits and sign up to a broker that offers CFD trading.

Either way, it’s helpful to keep on top of current analysis around the price of Bitcoin so you can time your investment just right. Here’s some of our most recent Bitcoin analysis to help you determine if the time is now.

The cryptocurrency market is advancing this Friday, Bitcoin is trading very close to $58000, and for now, everything indicates that the price could advance above this level very soon. Fundamental analysis: Institutional demand continues to grow significantly Bitcoin continues to enjoy the support of both developers and user communities while…
Bitcoin (BTC) price is up over 86% year-to-end (YTD) as investors moved to price in the higher adoption of cryptocurrencies and the underlying blockchain technology Tesla pioneering EVs, and crypto adoption as well Bitcoin and cryptocurrency are having a good one. It’s been hard to keep up with the…
Bitcoin (BTC) price is trading about 3% lower this week as it faces mild selling pressure, following a strong push higher in recent weeks.  BTC price could decline 50% in the short run, says Guggenheim CIO Bitcoin price has corrected lower in the past two weeks as industry experts…

Where can I learn more about Bitcoin?

Right here on Invezz. If you’re looking for more information about Bitcoin and cryptocurrency in general before making your investment, then we have a wide range of resources to help. Our quick and easy-to-understand Bitcoin course will take you through everything you need to know in order to be a confident crypto investor. Alternatively, read more in our guides about buying Bitcoin and trading Bitcoin.

FAQs

ℹ Do I have to pay tax on the profits I make on my coins through a broker?
ℹ Are Bitcoin trading platforms anonymous?
ℹ What does ‘peer-to-peer’ mean in terms of Bitcoin exchanges?
ℹ Can I transfer from a Bitcoin broker to my PayPal account?
ℹ Are Bitcoin brokers available 24/7?
ℹ Can I use other cryptocurrencies to buy Bitcoin through a broker?
ℹ Can I use multiple brokers?
ℹ Are Bitcoin brokers legal?
ℹ Are brokers regulated?
ℹ Can brokers hold my coins for me?
ℹ Can I access my full trading history with a broker?


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Max Adams
Lead Content Editor
Max has a keen interest in the transformative power of technology and is the founder of a platform called Current Frequencies. When not at his desk,… read more.