Many people believe that cryptocurrencies are the future of finance. When you’re ready to leap into crypto, choosing a Cryptocurrency broker to trade or invest in cryptocurrencies is one of the most important steps to your success in the crypto market.
Best Crypto Brokers and Trading Platforms:
- Best for Social Trading: eToro
- Best for Ease-of-Use: Gemini
- Best for New Investors: Coinbase
- Best for Gold Investments: iTrustCapital
- Best for High-Volume Forex Traders: CryptoRocket
- Best for Accessibility: Altrady
- Best for Multiple Exchanges: Voyager
- Best DeFi Exchange: Crypto.com
- Best for Beginners: Robinhood
- Best for Earning Interest on Crypto: BlockFi
- Best for a Unified Experience: Quadency
Best Crypto Brokers
Since different brokers have different strengths, you need to figure out what kind of broker best suits your cryptocurrency interests. Some brokers provide a social trading platform where you copy other cryptocurrency traders’ trades in your own account. Others can offer the ability to make transactions in a broader selection of altcoins.
Choosing the best crypto broker depends largely on addressing your needs as an investor or trader. The following list crypto brokers been selected for different reasons to meet the needs of differing cryptocurrency trading and investing styles.
1. Best for Social Trading: eToro
eToro fundamentally changed the way many people trade and invest with its social trading platform. Social trading involves mirroring another trader or investor’s transactions in a special social trading account.
While you make the same amount proportionally as the trader you’re copying, you also take the same percentage of losses the trader takes in their account.
In addition to its regular crypto trading platform, eToro offers an advanced cryptocurrency exchange platform called eToroX.
This platform is designed for algorithmic traders and institutional grade investors. It offers traders access to tight-dealing spreads, and its AlgoX application programming interface (API) can be used to create custom automated trading tools.
2. Best for Ease-of-Use: Gemini
Stay on top of market trends, build your crypto portfolio and execute your trading strategy with Gemini’s easy-to-use tools. The Gemini app is available on all the major app stores, and it puts the industry’s best crypto exchange and wallet in your hands.
Gemini’s app is easy to use. You can track asset prices and real-time market prices and set price alerts so you can act fast on price movements for individual assets. You can also schedule recurring buys on Bitcoin and other cryptocurrencies.
Invest with peace of mind with Gemini’s solid cybersecurity and custody solutions. Create a free account and make your 1st buy in as little as 3 minutes.
3. Best for New Investors: Coinbase
Coinbase is one of the largest and oldest cryptocurrency exchanges. It currently services 43 million users in over 100 countries. Coinbase has extensive educational resources and an intuitive interface ideal for new traders and investors.
The exchange also provides clients with a hosted wallet and offers global customer support. Coinbase is an excellent choice for those new to the cryptocurrency market who do not wish to use social trading services.
4. Best for Gold Investments: iTrustCapital
iTrustCapital is one of the few cryptocurrency brokers that lets you trade and hold physical gold in your individual retirement account (IRA). You can also trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) in your IRA. iTrustCapital provides you with a personal wallet by Curv for your crypto transactions.
While iTrustCapital has no minimum trade or account size, the company charges account holders a flat fee of $29.95 per month. This amount includes all IRA fees, asset custody charges and access to its trading platform, although all cryptocurrency trades carry an additional 1% transaction charge based on the trade size.
If you’re planning for your retirement and want to add physical gold to your cryptocurrency portfolio as an inflation hedge, then iTrustCapital is a solid choice.
5. Best for High Volume Forex Traders: CryptoRocket
CryptoRocket offers Straight Through Processing (STP) to its trading clients. This means you deal directly with the crypto and forex markets and not through intermediaries or market makers. This broker model is ideal for high volume forex traders who tend to be sensitive to dealing spreads.
In addition to the 35 crypto pairs offered, you can trade 55 fiat currency pairs, 64 major stocks and 11 indices. If you are based in a jurisdiction with relatively lax retail forex trading regulatory oversight, you may even be able to take advantage of CryptoRocket’s 500:1 maximum leverage ratio for forex trades.
CryptoRocket also supports the popular 3rd-party metaTrader4 trading platform.
6. Best for Accessibility: Altrady
Altrady is built by crypto traders for crypto traders. It makes cryptocurrency trading accessible for beginner, intermediate and advanced traders.
You can get the tools that professional crypto traders use without the expensive price tag. Altrady’s platform is intuitive and easy-to-use. Its crypto trading software platform adapts to your needs.
It combines 10 connected exchanges. It also offers immediate price alerts, portfolio manager, break-even calculator, and customizable trading pages by allowing traders to manipulate widgets to create preferred layout in order to trade comfortably, limit ladder order, gain quick access to market tabs, and integrated market scanners.
7. Best for Multiple Exchanges: Voyager
Voyager connects to more than a dozen of the most trusted and secure crypto exchanges so you have access to the largest crypto trading market available anywhere. Voyager gives you faster, more reliable execution, plus:
Access to multiple exchanges: Voyager partnered with over a dozen of the most trusted and secure crypto exchanges and liquidity providers. Voyager’s exchange connectivity offers you competitive prices on your trades and faster, more reliable execution.
Commission-free trading: Voyager operates commission free to save you money. You save money on trades through its extensive crypto market and best execution technology. Voyager achieves price improvement on over 90% of customer orders.
Start trading at a better price today! Download the Voyager app today.
8. Best for DeFi Exchange: Crypto.com
Crypto.com is a cryptocurrency platform that allows you to store, transfer and exchange more than 90 cryptocurrencies. It also offers its Crypto.com Visa Card, so you can spend your crypto anywhere Visa is accepted and earn up to 8% back.
Crypto.com can get you verified in less than 5 minutes, and it’s free to open an account. The platform offers 24/7 customer support.
Beyond the Visa card, Crypto.com products include its app, Crypto Pay, Crypto Earn, Crypto Credit and the Crypto.com Exchange and DeFi Wallet. Crypto.com wants to accelerate the world’s transition to cryptocurrency, and its wide range of products can help you start your own process.
9. Best for Beginners: Robinhood
Robinhood is among the best options for beginning traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Though its trading options and account types are limited, even an absolute beginner can quickly master Robinhood’s intuitive and streamlined platform.
You can quickly access your tax documents and account statements through the app, and you can create an account and begin funding it in as little as 10 minutes. Placing a trade is also equally simple. Brief explanations of every buy and sell order beside each option help you learn — it’s a great feature for beginners.
Though Robinhood does require a $2,000 minimum balance to access its Robinhood Gold features, there’s a $0 minimum required balance for standard accounts. Combined with the broker’s new fractional share feature, Robinhood is a great option for new traders who only have a small amount of money to invest.
10. Best for Earning Interest on Crypto: BlockFi
The BlockFi Interest Account (BIA) allows you to maximize your cryptocurrency balance. Watch your coffers grow by depositing your crypto in your BlockFi Interest Account as your balance both appreciates in value and earns you interest. BlockFi offers 8.6% on stablecoins and up to 6% on BTC.
This account is free to use with no minimum balance requirements. Open an account in 3 simple steps: Enter your information and fund your account with crypto or stablecoin (a type of cryptocurrency tethered to an asset marker like the U.S. dollar). Start earning monthly interest in your account in the cryptocurrency of your choice (Bitcoin, Ether or Stablecoin).
Use BlockFi’s useful interest calculator for an idea of how much you’ll earn on a given cryptocurrency balance in your BIA within a certain period of time. Both your assets and data are under lock and key with BlockFi, so you can invest with peace of mind.
Here’s an example of how BlockFi can benefit you:
If you deposit $10,000 in stablecoin on BlockFi, you can earn up to $860 per year. When you let that compound over 5 years without adding to your principal balance, that $10,000 will turn become over $15,000, netting you an average of $1,000 in passive income per year.
11. Best for a Unified Experience: Quadency
Quadency lets you trade on all top tier exchanges from a single, fast and intuitive interface featuring various order types for every trader. You can choose from pre-built popular strategies, customize, and go live in minutes.
It allows you to monitor all of your assets from exchanges and even offline wallets to track your performance over time. And Quadency offers advanced charting so you can go beyond market cap rankings with integrated market screener and charts coupled with high quality streaming data.
Skip the noise of social media and ad-blanketed news sites with market insights from respected industry insiders with Quadency.
