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Best Cryptocurrency Brokers : Top 8 Crypto Brokers of 2021

Christian Klausen

ByChristian Klausen

Mar 14, 2021

Best Cryptocurrency Brokers

Over the last decade, cryptocurrency has got a position that no other currency has achieved till now. From individuals to large organizations, a lot of people are engaged in the trading of cryptocurrencies. For right trading, you will need the best cryptocurrency broker.

Cryptocurrency includes digital coins such as Bitcoin (BTC), Etherium (ETH), etc., and is the fastest-growing trend in the market. As a beginner in the crypto market, you cannot handle all the stuff properly. You will need a trusted broker for digital assets trading, whether BTC or ETH.

As the market is full of brokers, finding the trusty and safest one is tricky. You will have to perform in-depth research before making the final selection of a broker. However, we have made it easy for you and tried to save your time.

Once you get the perfect broker, you will accept an exceptional lead through each step of your broker’s process. It will keep you ahead in a competitive environment, and you enjoy the safest journey. Crypto brokers can prove as a savior of your assets in the form of Bitcoin etc.

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8 Best Crypto Brokers

This post reviewed 8 best cryptocurrency brokers that are the most reliable and trusty brokers of today’s crypto market. You must go through the entire post to learn about them and decide your broker. Now, let’s start without any further ado:

eToro 

If you are a trader looking for the most professional and functional broker, eToro is the best option. With about 14 years of experience in cryptocurrency trading, eToro can serve you more than your expectations. It got over 13 million users in nearly 140 countries up till now.

eToro offers a CopyTrader option, which you can use to copy and trade following the moves of other traders. It allows you to copy up to 100 investors at a time-limited price you pay. The minimum starting price is $200, and the maximum reaches up to $500,000.

This cryptocurrency broker has multiple choices of cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, etc. For the U.S. market, these cryptocurrencies are working in three special offers, namely TradeStation Crypto, SoFi Active Investing, and Robinhood.

Moreover, eToro provides you with a digital wallet in the form of an available app for Android and iOS users. Here, the cost for interconversion of crypto and the U.S. dollar is 5 percent. In terms of the transaction, you can do a minimum of $125 transaction and a maximum of $10,000.

Being registered in Cyprus, you can depend on them without any tension about safety. If you live in the U.S., you can sign up for a free account and use it for virtual trading. Overall, eToro is best for everyone who wants to trade and never fails.

Pros:

  • Best CopyTrader feature for new investors
  • Up to 100 copy options simultaneously
  • The minimum investment for beginners to start
  • Fees of conversions are pretty low

Cons:

  • Limited currencies for the U.S. market

BDSwiss

Our second pick is the BDSwiss cryptocurrency broker, an award-winning trading platform for beginner and expert investors. With more than 8 years of experience, BDSwiss is leading the market and has grabbed the attention of potential users.

This broker got fame in such a short time because they have registered millions of clients from 173 countries. Also, they focused on outstanding services to satisfy clients in every aspect. Their platform is felt relatively seamless and highly functional by all customers.

BDSwiss tries to offer traders a best-in-class and exceptional trading ecosystem. They entice traders to get ultra-low spreads, speedy performance, and deep liquidity from top-tier providers. It is for every asset usable in the platform by all the investors.

Moreover, this trading platform provides traders and investors with a Wealth Management Program. This tool (program) can handle FSC licensed funds and investors. It connects investors and Fund Managers to offer fund management services determined by their clarity.

BDSwiss provides you with different offers and account types having variable prices. If you want to open a Raw Account, a minimum of $5,000 is to be deposited. You will have to pay $3,000 and $100 minimum for a VIP and Classic Account, respectively, and 1.5 pips spread.

BDSwiss ensures that you have access to live market tools and see what is going on in the market. With this feature, you are allowed to go through real-time trading details, values, and data.

Pros:

  • Provide the best tools to clients
  • Pricings are very affordable
  • Spreads of 1.5 pips are low

Cons:

  • No U.S. citizen is allowed currently

Swissquote

The most reliable and safe (low-risk) broker for trading cryptocurrencies we have seen till now is Swissquote. Apart from crypto, it can be used for Forex and CFDs trading. The thing which makes it different from other brokers is your account is held with a Swiss bank.

Swissquote offers trading of different cryptocurrencies, including XBT, ETH, LINK, ETC, and much more. You are provided with an eTrading account for trading these currencies. Also, it provides lots of products through 60 global market exchanges to trade among different cryptocurrencies.

In terms of fee, the eTrading account charges commence at 1 percent of the cryptocurrency trade value. It comes down to 0.75 percent for transactions more than CHF 10K and 0.5% for a trade worth over CHF 50K. The prices, however, are different for U.K. and Switzerland entities.

As Swissquote is an advanced trading platform, it holds a suite of the latest tools, most of which other brokers fail to provide. Their tools work for mobile, desktop, and web, including MetaTrader (desktop) and Advanced Trader (mobile, desktop, and web).

This exceptional broker can serve you with performance and stand out from its competitors. It provides you with the product Trading Central, which delivers you technical reports daily. You can analyze the process and then can discuss with them to make any changes if required.

Pros:

  • Access to so many markets and products
  • No inactivity fee after one-time activation
  • Highly functional apps that perform great
  • Valuable performance and value your money

Cons:

  • Trading fees are comparatively high

Coinbase

If you are looking for a somewhat latest yet leading platform, Coinbase is the ideal option. For cryptocurrency exchanges in the U.S., this platform has served many investors up to the mark. It is the plainest area for people engaged in a different kind of trading.

Coinbase offers various options of currencies in which users can invest and trade. They are increasing their currencies list from time to time. These include AAVE, ALGO, ATOM, BTC, BCH, BAI, DASH, and other common digital currencies. The Pro account has fewer fees and more currencies.

This broker provides an easy-to-use interface, and even beginners can do trading efficiently. You can use their platform from Desktop, Android, and iOS, or any device. It is because they offer only web-based or browser-based usability with Coinbase Pro, which is their advanced platform.

The fee system of Coinbase is quite complex and pretty expensive for some users. When trading on their standard platform, you are charged the highest. Their commission fee is variable, but in the U.K., the fee is a minimum of 1.49% and crypto exchanges at 2%.

If we talk about the security of your account, it depends on you. Coinbase offers you several safety options with a 2-step verification feature. So, you should use a stronger password to ensure that your assets are safe in the account. This option is better than available competitor brokers.

Pros:

  • A solid number of cryptocurrencies
  • The user interface is quite simple
  • Good features for security

Cons:

  • Fees are high if not using a Pro account

IG

IG is a well-known broker throughout the world, offering the best trading options and research tools. It is now an industry-leading platform that educates its users and provides them with services than any other broker. IG is quite perfect for beginner and expert traders.

IG offers you a Virtual Portfolio or Demo Account, API Trading, StopLoss, and other known features. It also provides Advanced Financial Chart comparison tools and Research-backed analysis on financial markets from capable analysts.

This cryptocurrency broker comes with incredible tools for trading. These tools include L2 Dealer, ProRealTime Charting, and IG Flagship. By having the respective package and tools suite, you will get all the benefits behind your investment.

Coming to the research tools, IG has a high-quality suite to let you know about the market. It offers information gained by Saxo Bank, TD Ameritrade, and Interactive Brokers. DailyFX is worth mentioning, which is a blog, news website and provides news content.

Irrespective of the currency you trade, IG offers affordable prices than its competitors. The minimum deposit on an initial basis is 250 pounds ($348), which is a valuable amount to get some quick results. The fee is still variable based on the type of your account.

From the security perspective, IG is regulated and regularly supervised, and checked by FCA and ASIC. Such regulated brokers do not manipulate market prices, and on any violation, their regulated status can be stripped. All payments are kept in a segregated bank account.

Pros:

  • Low-cost with excellent tools
  • Best-in-class and reliable broker
  • Perfect for traders of all levels
  • Does not charge withdrawal fees

Cons:

  • The product portfolio is a bit limited

City Index

City Index is the oldest global CFD and FX broker involved in the trading GAIN Capital brand. For the quickest cover-up, just place an order to buy a package and let them take you to the highs. Please don’t get confused with their age; they are experienced and come with valuable features.

The Web Trader feature of this broker is equipped with modern charts, custom indicators, and a customizable workplace. It has few features and lesser customizability compared to AT Pro Platform, which is more advanced.

Pro Platform offers advanced technical analysis with over 100 indicators, detachable charts, and robust customization. It allows you to know about the market, consider the metrics, and put you on the list of professional traders.

The mobile version of City Index works on Android and iOS devices with enough features. It lets you sync swiftly between the platforms as it has a well-organized and easy-to-use interface and menus. On mobile, you can do basic charting with limited customization and customer service.

City Index needs a minimum of 25 GBP/USD deposit to open a trading account. Although, the fee varies as per the type of the account, you can create an account as per your budget. It will not cost you more than 10,000 GBP/USD.

Now, as for security, this broker is safe because it keeps a clear track record. It is regulated by premium financial authorities, including the UK FCA, the Australian ASIC, and Singapore MAS. You can trust without any hustle due to their name and reputation.

Pros:

  • Cover a greater number of cryptocurrencies
  • Top-notch desktop and mobile experience
  • Best for traders of any experience

Cons:

AvaTrade

If you are looking for a fully regulated broker with a presence in multiple states, AvaTrade is the best possible option. This platform is perfect for beginners, experts, institutions, and traders who want a diversified portfolio. Overall, it is the best platform for learning and trading.

AvaTrade provides its users with two platforms, one is WebTrader, and the other is AvaOptions. Between them, WebTrader is the winner in terms of usage and performance. However, both have their own benefits and features according to the requirements of a trader.

For opening an account on AvaTrade, you will have to deposit a fee of a minimum of $100. The cost, however, depends on the type of cryptocurrency in which the fee is paid. Generally, there is no commission on Forex Trading but paid back via the bid-ask spread, still affordable.

In terms of tools, AvaTrade has multiple and powerful trading software. The two worth mentioning are AvaTradeGO and MetaTrader4. With these tools (also some automated software), you are put on the right path using each of their features.

AvaTrade is a low-risk broker and is authorized by three different regulators, ASIC, JFSA, and IIROC. You can read in detail about these authorities on Google. Looking at these confirmations, we are sure that you can depend on them for investment and trading.

Pros:

  • Operated by regulatory agencies of many countries
  • Multiple options are offered as trading platforms
  • Provide customer support in different languages
  • For beginners, a demo account is available

Cons:

Not for the investors and traders from the U.S.

CryptoRocket

Last but not least, CryptoRocket is another online broker offering traders the best platform throughout the world. This broker allows trading of Forex and crypto in a highly competitive list of brokers. If you want to go for CryptoRocket, consider their features before choosing them.

This broker offers the most advanced tools used by investors to enhance their trading experience. The tools include charting tools, basic analysis tools, and market news. All these tools will change the way you trade and boost your revenue within days.

If we talk about the platforms, CryptoRocket provides you with MetaTrader4, making it safe and reliable for everyone. You can use this platform on desktop, web, and Android or iOS devices. It has several built-in analytical tools to perform market analysis on-the-go.

Moreover, to have an account on this broker’s site, you will need to deposit a minimum of $10. The only thing is this broker accepts limited methods of deposit such as credit/debit cards, wire transfers, and Bitcoin. Still, many traders are using this platform due to its pros.

From a safety perspective, CryptoRocket is not regulated by any authority. But no worries, it is owned by CryptoRocket Limited, a registered company in Saint Vincent and the Grenadines. Your funds get complete safety in their hands, and you can continue your trading here.

Pros:

  • Several cryptocurrencies are offered for trading
  • Allow withdrawal on the same day
  • Safe and reliable for any trading
  • The depositing fee of $10 is quite low

Cons:

  • Not registered with a known authority

Conclusion

Well! That’s all about the best cryptocurrency brokers in 2021 till now. The trading of cryptocurrencies is increasing day by day, and hence, the need for a broker. We have mentioned the best brokers that you can rely on for your supporters in trading.

Our listed brokers offer trading in different options like cryptocurrency and Forex or both so that you can choose according to your need. These brokers are perfect for traders of any level, whether beginner, mid-level, or expert.

We would recommend our top two picks, the eToro, and the BDSwiss. Both these brokers are reliable and can provide excellent performance due to their outstanding features. They are available for every trader in almost every country and at affordable prices. Trading with brokers can increase the potential of profit manifold.

Finally, we hope that our reviewed brokers will prove beneficial for you, and you can choose any of them. So, start trading cryptocurrency today, and best of luck.

Christian Klausen

Christian Klausen

Christian Klausen is a talented news writer renowned for his compelling storytelling and comprehensive research. With a sharp eye for detail, his articles offer readers a thought-provoking and well-informed perspective on a wide range of current topics.

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