Compare the best bitcoin brokers

To invest in Bitcoin, you’ll need to sign up to a trading broker. This page lists the top Bitcoin trading platforms to use, and guides you through how to choose between them.
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 best and most reliable Bitcoin brokers out there to help you buy Bitcoin. The 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.

eToro
Key Features
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
Min Deposit
$50
United States
Start Trading View key features
Key Features
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
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Wire Transfer, Bank Transfer
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.
FOREX.com
Key Features
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Min Deposit
$50
United States
Start Trading View key features
Key Features
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Founded in 1999, part of GAIN Capital Holdings. Licensed in highly regulated jurisdictions, FCA, IIROC, NFA, CFTC, CIMA,FSA. Payment methods ACH, debit card, bank wire transfer. $50 minimum deposit.
LonghornFX
Key Features
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Min Deposit
$10
United States
Start Trading View key features
Key Features
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.

What is a Bitcoin broker?

A Bitcoin brokerage is a middleman for buying and selling Bitcoin. Also known as Bitcoin trading platforms, they come in two varieties: services that allow you to buy and sell Bitcoin 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 buyer/seller is the broker itself, and sometimes the broker merely facilitates trades in an open marketplace.

Brokers in the former category function similarly to a bureau de change: buying and selling Bitcoin at an advertised price that reflects the current market rate with a slight mark up. These platforms are one of your only options for buying a very large amount of Bitcoin at a time (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 buy and sell Bitcoin 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 Bitcoin broker and an exchange?

On a Bitcoin exchange you trade Bitcoin directly with other people, it’s peer-2-peer. Whereas with a broker you’re either buying coins at a rate determined by the platform or making 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 have cryptocurrency price charts and constantly refreshing order lists, rather than simply advertising the current price at which you can buy and sell Bitcoin.

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 Bitcoin price then set up an account, select how much you want to buy, then enter your payment details and pay.

If your chosen broker also offers a real-time Bitcoin trading platform, then you’ll be able to navigate to the trading interface and start buying and selling CFDs as the price of Bitcoin fluctuates.

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 profit from Bitcoin. 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 of buying Bitcoin as simple as possible.

Coinbase
Key Features
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
Min Deposit
$1
United States
Start Trading View key features
Key Features
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
Top Coins
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
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.

The top platform for day-traders

There are Bitcoin platforms that are tailored for those wishing to trade Bitcoin rather than just buy and sell at a fixed rate. If you’re a budding trader then you should make sure to find a platform with great trading features.

eToro
Key Features
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
Min Deposit
$50
United States
Start Trading View key features
Key Features
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
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Wire Transfer, Bank Transfer
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.

The top app for long-term buyers

Some investors find the best way to generate profits with Bitcoin is to buy and hold coins for the long term. If this is what you’re planning to do, then it’s best to look at finding a Bitcoin app that charges low fees and offers secure storage for your coins.

What should I look for in a trading platform?

There are a variety of differences between online Bitcoin brokers, so it’s important to find one that suits your needs. Some brokers will be 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 the process of buying Bitcoin easier. You want to make sure the Bitcoin broker is designed in such a way as to make it as simple as possible for you to navigate through and make your BTC purchases.

Price

Different Bitcoin brokers will charge a different amount for buying Bitcoin. This is because any commission charged by a platform will be included in the advertised price, referred to as 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 on your purchase. Depending on the platform and your chosen payment method, there could be fees of 0% to 5% of your purchase 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 buy more than just Bitcoin, you can find brokers with a range of cryptos. It is common for brokers to buy and sell 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 for buying Bitcoin?

Yes, but these are typically 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).

When using a Bitcoin trading platform you will have to watch out for other fees, 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 with a Bitcoin broker?

Yes, you usually have to verify your identity to register with a Bitcoin broker. 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 through a broker?

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 broker?

Not usually. It is commonplace for users to set up an account with a broker when buying coins, and this account will also include a digital wallet that can store your coins for you once you have purchased 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 why you’re buying or selling Bitcoin. If you want an easy and seamless way to capitalise on the growth and price fluctuations of Bitcoin, 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 crypto investor, then we would recommend using a Bitcoin 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 using a broker to buy Bitcoin, 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

  • Some brokers aren’t regulated
  • Prices are likely to be (nominally) higher than on exchanges because they include spread fees

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 now is the right time to buy Bitcoin.

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…
Bitcoin (BTC) price has moved over 3% lower today after the Central Bank of the Republic of Turkey (CBRT) banned crypto payments for goods and services in the country. Fundamental analysis: Regulatory concerns The central bank decision is a result of “irreparable” damage and transaction risks crypto assets…

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 brokers 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?

Written by: Harry Atkins
Harry joined us in 2019 to lead our Editorial Team. Drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the finance sector encompasses work for high street and investment banks, insurance companies and trading platforms.