Compare the best Bitcoin signals providers

A signals provider tells you the best time to buy and sell Bitcoin. Use this guide to compare the best services and find out how to use one.
By: James Knight
James Knight
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed,… read more.
Updated: Jul 22, 2021
Tip: our preferred broker is, eToro: visit & create account

This guide introduces you to the different signal services available. Find out the basics of how they work, learn what features to look out for, and set up your first subscription in our step by step guide.

Where can I find the best signal providers?

Use the links in the table below if you want to start using a signal service straight away. They take you straight to the website where you can sign up and subscribe. Or you can keep reading to learn more about what to look for from your signals provider.

1
Min. Deposit
$50
Promotion
User Score
10
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro offers a wide range of currency pairs and other trading instruments. 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
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$10
Promotion
User Score
9.3
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Start Trading
Description:
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.
Payment Methods
Bitcoin, Credit Card, Debit Card, Visa
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
3
Min. Deposit
$10
Promotion
User Score
8.7
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
Description:
EagleFX is an online digital asset, Forex and CFD broker providing traders across the globe with cutting edge technology to trade the world’s markets. Our focus has been to change the way people trade Digital Assets and Forex. We are driven to provide traders with incredibly low-cost pricing across all Digital assets, FX, stocks, indices, commodities and futures along with industry-leading 24/7 live customer support.
Payment Methods
Bitcoin, Credit Card, Debit Card, Wire Transfer
Full regulations list:
EagleFX offers leveraged trading on a range of assets within its platform. CFD and Spot Forex trading do carry a degree of risk which may result in you losing more than your initial investment. Please ensure you fully understand the risks involved with leveraged trading and ensure this is not detrimental to your personal or institution's financial well being.

What are Bitcoin signals?

They are instructions to buy or sell Bitcoin based on a specific piece of market data. They study historical performance to develop a set of reliable indicators and use these to predict price moves. Whenever the price chart of a particular digital currency pair, such as BTC/USD, is at one of those points, it sends you a signal to make a trade accordingly.

Much of the time this analysis is done by a piece of software that uses algorithms to pick out key data, such as support or resistance levels, or a breakout range. It doesn’t always have to be though, signals can also come from analysis by professional traders who choose the indicators based on their own experience.

The advantage of using a signals service is that it does the research for you. Instead of you needing to have the skills and expertise to read charts and perform your own technical analysis, the program does it for you and the alerts are sent automatically.

How do signals work?

By sending you a message via text, email, or through a specific app such as WhatsApp or Telegram with the information in. If the system is automated then it tracks indicators, such as price trends, chart patterns or moving averages and then messages you as soon as they signal a buy or sell opportunity.

In some cases you can find all-in-one providers that place the trades for you automatically as soon as a signal is received. More often you have to set up an account with a broker or exchange platform and make the trades yourself.

Get started with Bitcoin signals – a step by step guide

It’s simple to start using signals to influence your trades. Here is a quick guide to help you get everything set up and start making moves.

  1. Sign up for a Bitcoin broker. To place trades you need to set up an account with a reputable broker. Brokers make it easy to buy or sell cryptocurrency and come with a range of different features depending on the platform. You should prioritise low trading fees when you’re choosing the best Bitcoin broker for you.
  2. Subscribe to a signals service. These services usually come with a fee that you have to pay before you can gain access to their signals. Normally you can choose to pay weekly, monthly, or annually. Occasionally one might charge a one-off fee up front, and the odd provider is free.
  3. Download any apps you need to access the signals. While some signals are dispatched via text message or email, crypto providers often send them via a secure messaging app such as Telegram. Make sure you can access the app to receive the signals.
  4. Make trades based on the signals advice. This is as simple as following the advice in the signal. It should include the trade size, the position (buy or sell), and a target price that it expects Bitcoin to reach. Use that to place your trade through a broker.
  5. Place limit orders (optional). The best signals also include information about where to place stop-loss or take-profit orders. These are trades you place in advance that only execute when the price reaches a certain level. We highly recommend you use them to lock in profits and minimise the risk of losses in case there are big price moves in either direction.

What should I look for in a signals provider?

You want to find a service that’s easy to use and sends you the information in a clearly understandable way. Beyond that, there are some other features that are specific to Bitcoin that you want to look out for and we’ve gone through all of them in more detail below.

Depth of information

Along with simple data such as whether it’s a buy or sell opportunity, look for a service that includes a lot more detail as well. That means ones that include a target price and an exit strategy that tells you where you should put your limit orders in at the very least.

The very best providers include even more information along with the signal. If it supplies the data the signal is based on – like a specific set of charts – you can use it to increase your own understanding of what to look out for.

Affordable price and payment method

Signals providers usually charge a monthly fee but they can vary greatly in terms of price and how you have to pay. The cheapest we have seen from a reliable platform is about $50 per month but it can range up to more than $300 at the high end. 

On top of that, some platforms only accept payment in cryptocurrency. That usually means you have to own either Bitcoin or Ethereum already to get started.

Free trials

As signal services are quite expensive, prioritise platforms that offer free trials before committing your money. A trial period means you can see how good the service is and get used to the process of making trades based on their information, and avoid piling in lots of money only to find a system doesn’t work as advertised.

Signals for other cryptocurrencies 

Along with Bitcoin, you might want to get signals for the other leading cryptos as well. While Bitcoin is by far the most popular coin and the easiest one to find a signals provider for, it is possible to get them for the likes of Ethereum and Dogecoin as well. If you’re looking for altcoin signals then that is going to be a lot more difficult.

History of good performance

A verifiable history of success is a good indicator of a signal provider you can rely on. While it’s no guarantee that the service will keep performing at a high level, transparency is an important feature and can help you filter out the less reputable providers.

Additional features

If you’re interested in using signals to trade other assets, like forex, then a service that offers that as well could tip the balance. Similarly, a service that offers signals based on longer term data rather than simply as day trading advice could be useful as well.

Quick answers to key questions

How reliable are trading signals?

It depends on the platform but the best signals are a good addition to any trading arsenal. No service will ever be completely accurate and cryptocurrency is inherently more volatile and less predictable than other asset classes. The best approach can be to use signals along with your own research to guide your trading strategy.

Can I get free Bitcoin trading signals?

There are some free platforms but you should be wary of ones that offer incredible results for free. If it’s too good to be true, it probably is. An alternative option to paying for signals is to use a copy trading feature, like the one offered by eToro, where you can see the trades made by the professionals and follow them as you see fit.

Can I get rich trading Bitcoin signals?

It’s possible but, like any trading strategy, true success usually takes a lot of time and effort. Signals can help you become a better trader by notifying you to take specific actions but they aren’t going to make you a millionaire overnight. You should always use things like stop-losses and get into the habit of taking profit in order to grow your money over time.

What’s the difference between a trading alert and a trading signal?

An alert is usually just a price notification, while a signal represents advice to buy or sell Bitcoin based on a specific piece of market data. You can use both as part of your strategy and price alerts are a very basic sort of indicator themselves, for example you could use them if your plan is to buy when the price drops below a certain point.

Should I use signals to trade Bitcoin?

The best way to use them is as part of your overall trading strategy. Whether automated or manual, signals do a lot of the hard work for you in identifying opportunities and are a great option if you don’t have the time or expertise to do the research yourself. However, they are often an expensive way to trade as you have to commit to a substantial monthly fee to get them.

Still undecided?

You should always take some time to think about any investment and whether or not to use signals is no different. To help you make a final decision, here is a summary of the pros and cons of using them.

Pros

  • Signals are a great way to get simple and actionable trading advice
  • They’re ideal for beginners who want to learn the ropes
  • You can get real time notifications about when to make trades
  • Stop loss and limit advice can help minimise your risk

Cons

Should I buy Bitcoin now?

That decision is up to you. If you think the prospects for cryptocurrency in general are good over the long term, then it’s probably a good idea to get some Bitcoin right away. To sign up for a signals provider to help you time your move, all you have to do is pick a service and subscribe to get started.

Where can I learn more about Bitcoin?

We have lots of resources right here on Invezz. Head to our Bitcoin hub to find all of the useful guides that teach you how to buy it and the different investment options available. Or you can find out how the cryptocurrency works in our Bitcoin 101 course.


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 >

James Knight
Lead content editor
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed, rode, and ate an ostrich all on… read more.