Compare the best cryptocurrency brokers

To invest in cryptocurrency you’ll need to register with a crypto broker. This page takes you through the best cryptocurrency trading platforms, and helps you compare your options.
Tip: our preferred broker is, eToro: visit & create account

What are the best crypto trading platforms?

The list below includes all the best trading platforms for cryptocurrency, with key information summarised for each so you can find your ideal broker quickly. If you’re ready to buy cryptocurrency now, then simply follow one of the links below. Alternatively, find more information further down the page.

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
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
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.
CedarFX
Key Features
0% Commission Account
Low Spreads
Eco-Account Option
Min Deposit
$10
United States
Start Trading View key features
Key Features
0% Commission Account
Low Spreads
Eco-Account Option
Top Coins
  • BTC
Payment Methods
Bitcoin, Credit Card, Debit Card
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
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
  • BTC
  • BCH
  • ETC
  • ETH
  • NEO
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.
CEX.IO
Key Features
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Min Deposit
$20
United States
Start Trading View key features
Key Features
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Top Coins
  • BTC
  • ETH
  • USDT
  • BCH
  • BTG
Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies, Skrill
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Bittrex
Key Features
One of the largest cryptocurrency exchanges
High volume across all pairs
Perfect for large and small buyers/sellers
Min Deposit
$1
United States
Start Trading View key features
Key Features
One of the largest cryptocurrency exchanges
High volume across all pairs
Perfect for large and small buyers/sellers
Top Coins
  • BTC
  • ARK
  • BNT
  • FUN
  • GNT
Payment Methods
Credit Card
Bittrex Global has one of the most secure trading platforms and digital holding infrastructures in the world where customers can access exciting new products.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Start Trading View key features
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

What is a cryptocurrency broker?

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

How do brokerages work?

On the most basic level, brokers work by matching up buyers and sellers in order to execute crypto trades. If someone is looking to buy a specific cryptocurrency, for example Ethereum, then a broker will take the price at which they’re willing to buy and match them with someone happy to sell at that rate. In some instances the broker itself acts as the buyer/seller, and in others it will be another individual using the platform.

Like a bureau de change at an airport, the former type of cryptocurrency broker sets rates at which it will buy and sell each coin and allows you to exchange at this rate instantly. The broker will apply fees for this convenience, but these platforms are often the best bet if you’re looking to buy a large number of coins or tokens – say more than £50,000 worth.

The other variety of crypto brokers are comprehensive trading platforms that allow you to trade cryptocurrencies as the markets rise and fall. Typically users can place such trades using Contracts for Difference (CFDs) – financial instruments that allow people to make trades without owning the underlying asset. Trading this way means you can buy and sell cryptos quickly without needing a wallet – and also allows for leveraged trading.

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

The main point of distinction between crypto brokers and cryptocurrency exchanges is that the latter work on a peer-to-peer basis. Whereas brokers position themselves as a middleman for crypto transactions and charge fees for doing so, exchanges are more open platforms that set cryptocurrency prices with a constantly updating order book.

On a crypto exchange thousands of users trade with each other directly in real time, trading coins in currency pairs (e.g. BTC/ETH) at rates governed by the supply and demand of other users on the platform. It is this activity on exchanges that helps set the price of different cryptocurrencies.

How do I use a cryptocurrency broker?

Using a crypto trading platform is a straightforward and easy process. You simply need to sign up to a top broker, fund your account, and then buy the coins you’re interested in at the price given by the platform. 

If your chosen broker is also a CFD trading platform, then to start making trades as the market fluctuates you simply need to head to the trading interface of their website or app. From here you will be able to see all the relevant crypto price charts and start to trade cryptocurrencies right away.

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

Which cryptocurrency trading platform is right for you will depend mainly on your level of experience and your investment strategy. To help you select the best crypto broker, we’ve come up with these recommendations for different user profiles.

The top broker for beginners

When you’re just starting out as a cryptocurrency investor, you want to prioritise ease of use and customer support. You might end up paying slightly more for your coins, but it’s worth it to avoid making costly mistakes.

Coinbase
Key Features
Trusted provider
Online Wallet
Beginner friendly
Min Deposit
$1
United States
Start Trading View key features
Key Features
Trusted provider
Online Wallet
Beginner friendly
Top Coins
  • BTC
  • LTC
  • XRP
  • ETH
  • BCH
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

For those looking to buy and sell cryptocurrencies quickly and frequently, it’s essential to hunt for the best trading platform for cryptocurrency and register for a broker that offers a variety of crypto CFDs and low trading fees.

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
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

Long term crypto investors need to be most concerned about using a secure platform on which they can keep their coins safe. This strategy is for people who believe certain cryptocurrencies will rise in price over time and want to buy and hold in pursuit of profits.

What should I look for in a trading platform?

There are a number of different factors to consider when choosing a cryptocurrency broker, from how intuitive the platform is to use, to more trading-related concerns such as how many cryptos you can trade and the fees involved for doing so. Here’s a quick summary of all the key considerations when using an online platform to invest in cryptocurrency.

Design and ease of use

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

Price

If you’re buying cryptocurrencies, you don’t want to pay too much above the market rate. Generally with brokers there will be fees and commissions included in the quoted price on the website, so compare different brokers and make sure you’re getting a good deal.

Payment charges

Different 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.

Reputation

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

Variety of coins

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

Trading options

If you’re looking to trade cryptocurrencies using CFDs, rather than buying and holding coins for the long term, then make sure the trading platform 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.

Quick answers to key questions

Do brokers charge commissions or fees for buying cryptocurrency?

Yes, all crypto brokers will charge fees and commissions when trading cryptocurrency. However, these charges will 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 realise that it;’s above market rate. 

This is because the fees are incorporated into the price, so you won’t pay any extra fees but there is still a commission being applied.

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

Yes, when signing up to use a crypto trading platform you will have to provide evidence of your identity. Top cryptocurrency brokers are regulated and as such need users to prove their identity to comply with KYC (Know Your Customer) guidelines. Usually at least one photo ID is required.

Can I buy multiple cryptocurrencies through a broker?

Yes, pretty much every broker will offer a range of coins you can buy and sell. The different cryptos on offer vary from about 5 on the most basic platforms, to thousands on advanced cryptocurrency trading brokers. If you’re looking to buy altcoins such as Polkadot and Aave, then you will need to find one of the latter platforms.

Do I need a wallet to use a crypto broker?

No, not usually. It can however be a good idea to get a personal cryptocurrency wallet if investing for the long term. Crypto brokers will typically allow you to hold your coins on the platform in your online account or app. This can be convenient for people looking to buy and sell coins frequently, but long term investors might want to consider a secure hardware wallet such as the Ledger Nano S.

Should I use brokers to buy and sell cryptocurrency?

The answer to this question depends on your investment goals. Any of our top 10 crypto brokers offer beginner-friendly trading platforms to buy and sell cryptocurrencies, but you need to be aware that the convenience provided by brokers comes with additional fees. Also bear in mind that CFD cryptocurrency trading is a great option for day traders, but for long term investors you’ll want to choose a broker that lets you buy coins directly. 

Still undecided?

Before investing in cryptocurrency – as with any investment – it is important to weigh up the key pros and cons. Below are some of the main benefits and drawbacks of trading cryptocurrencies, along with some additional questions to consider and FAQs at the bottom of the page.

Pros

  • Buying cryptocurrencies using a broker is a user-friendly process
  • Brokers often allow you to trade crypto using CFDs 
  • Trading platforms tend to have responsive customer service
  • Some brokers allow leveraged trading of cryptocurrencies
  • Generally more accessible than cryptocurrency exchanges

Cons

  • Some crypto brokers are unregulated
  • Trading cryptocurrencies with leverage is very risky
  • Brokers will usually charge higher fees than exchanges

Should I buy cryptocurrency now?

It’s up to you; timing your cryptocurrency trades right requires an understanding of your aims. 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 buy it now and hold your coins while the uptrend in price hopefully materialises.

But long term trends aren’t the most important thing for every trading strategy. If your interest is more in becoming a crypto day trader, then 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 n cryptocurrency.

VeChain (VET) price is trading about 15% higher today as buyers look eager to extend the bull run. Fundamental analysis: Investors could diversify portfolios through crypto allocation – JPMorgan The cryptocurrency market has been boosted by higher adoption and interest from institutional investors. For instance, banking titan JP Morgan…
Chainlink (LINK) price is trading about 7% higher on the day to build on yesterday’s gains of 12%.  Fundamental analysis: Google Finance now has a dedicated Crypto tab The mass crypto adoption is clearly in play with Google Finance adding a dedicated crypto tab, placed right among the…
Cardano (ADA) price gained almost 280% in February to become the world’s third largest cryptocurrency.  Fundamental analysis: Crypto fund to invest in ADA Cryptocurrency investment fund FD7 Ventures said it will sell $750 million worth of Bitcoin in the next 30 days to invest in Cardano (ADA) and Polkadot…

Where can I learn more about cryptocurrency?

You can access a whole host of cryptocurrency courses right here on Invezz. Whether you want to learn the basics of Bitcoin, educate yourself on Ethereum, or teach yourself about Tron, our guides will help you get all the knowledge you need before starting to trade.  

FAQs

Do I have to pay tax on the profits I make on my coins through a broker?
Are crypto trading platforms anonymous?
What does ‘peer-to-peer’ mean in terms of cryptocurrency exchanges?
Can I transfer from a cryptocurrency broker to my PayPal account?
Are cryptocurrency trading platforms available 24/7?
Can I exchange different cryptocurrencies for each other using a broker?
Can I use multiple brokers?
Are crypto brokers legal?
Are brokers regulated?
Can brokers hold my coins for me?
Can I access my full trading history with a broker?
Written by: Max Adams
Max joined us in 2020 to lead the editorial team. With years of experience producing digital content related to the financial sector, from insurance to cryptocurrency and forex trading, Max oversees content production across Invezz.