Crypto brokers usa

Block. A collection of transactions permanently recorded on a digital ledger that occur regularly in every time period on a blockchain.
Blockchain. A constantly growing list of blocks in a peer-to-peer network that records transactions.
Cryptocurrency exchanges. Also called digital currency exchanges, these generally consist of online businesses that allow customers to exchange cryptocurrencies for fiat currencies or other cryptocurrencies.
Cryptocurrency wallet. A secure digital account used to send, receive and store digital currencies. Crypto wallets can either be cold wallets that are used for storing cryptos in an offline environment or hosted wallets that are hosted by 3rd parties. Hosted wallets store your private keys and provide security for your digital currency balances.
Distributed ledger. A network of decentralized nodes or computers that connect to a network where transaction data is stored. Distributed ledgers do not have to involve cryptocurrencies and can be either private or permissioned.
Fork. Also known as a “chain split,” a fork is a split that creates an alternate version of a blockchain that then leaves 2 blockchains running simultaneously. For example, bitcoin and bitcoin cash came about due to a fork in the original bitcoin blockchain. Another type of fork is known as a “project” or “software fork.” this occurs when cryptocurrency developers take the source code of an existing altcoin project and create a new project. For example, litecoin is a project fork of bitcoin.
ICO. An initial coin offering (ICO) occurs when a new digital currency or token is sold, typically at a discount, to its first set of investors. An ICO lets issuing cryptocurrency companies raise funds from the public to support their coin’s development and maintenance.
Mining. A computationally-intensive process performed within a cryptocurrency network where blocks are added to the blockchain by verifying transactions on its distributed ledger. Miners are rewarded with digital coins as compensation for their successful computational efforts.

Top forex bonus list

Best Cryptocurrency Brokers, crypto brokers usa.

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.

Best cryptocurrency brokers

Luke jacobi

Contributor, benzinga

Want to jump straight to the answer? The best crypto platform for most people is definitely etoro.

Many people believe that cryptocurrencies are the future of finance. When you’re ready to leap into crypto, choosing a broker to trade or invest in cryptocurrencies is one of the most important steps to your success in the crypto market.

Get started now with benzinga’s picks for the best cryptocurrency brokers to choose the right one for you.

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 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.

Commissions

Account minimum

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.

Commissions

Account minimum

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.

Commissions

Account minimum

3. Best for new investors: coinbase

Coinbase is 1 of the largest and oldest cryptocurrency exchanges. It currently services 35 million customers worldwide. 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.

Commissions

Account minimum

4. Best for gold investments: itrustcapital

Itrustcapital is 1 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 (BTH) 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.

Commissions

Account minimum

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.

Crypto advantages vs. Disadvantages

Trading and investing in cryptocurrencies often carry a considerable degree of risk, as you may have observed given the volatility of bitcoin and some other digital currencies. Despite the disadvantages currently associated with cryptos versus fiat currencies (like lower liquidity and minimal payment options), the advantages of holding cryptocurrencies will increase as they become a more common form of payment.

Here’s a quick shot of crypto advantages and disadvantages.

Advantages

Security. Technology advances typically lead to increased intrusion into your privacy. In contrast, all identities and transactions are strictly secured in the digital currency environment. While most cryptocurrency transactions are very secure, you still could be vulnerable to cybercriminal actions, like hacking.

Low transaction fees. Because of the elimination of intermediaries like financial institutions, cryptocurrency transaction fees are generally quite low.

Decentralized. The lack of a central exchange or authority overseeing cryptocurrencies is one of their defining characteristics. Many people consider this among the biggest advantages of cryptocurrencies and blockchain technology.

High potential returns. You only have to look at a long-term bitcoin price chart to get an idea of the returns you can make investing wisely in digital currencies. The crypto world is still developing and expanding, so investing in the right digital currency now could translate into considerable returns in the future.

Disadvantages

Acceptance. Because digital currencies have not yet become mainstream, most businesses will not accept them as payment for goods or services. This situation will eventually change as public perception makes digital currencies more acceptable as forms of payment. For example, paypal has recently allowed customers to hold bitcoin balances and has plans to allow payments using that cryptocurrency by early 2021.

Volatility. The market volatility observed in some digital currencies can lead to large gains or large losses. Trading and investing in crypto is not for everyone, especially those with a low pain threshold or aversion to risk.

Taxes. The internal revenue service (IRS) states on its official website that “virtual currency transactions are taxable by law just like transactions in any other property.” that IRS web page also links to a guide about how existing general tax principles apply to transactions made using digital currencies.

Illegal activities. Due to the fact that digital currency transactions generally provide identity security, many people operating outside the law are thought to use digital currency for illegal activities. These activities could include money laundering, “dark web” transactions, and drug and human trafficking.

Cryptocurrency vocabulary

Like many other financial markets, the cryptocurrency market has evolved its own jargon. Some of the key terms used by market operators are defined below.

Block. A collection of transactions permanently recorded on a digital ledger that occur regularly in every time period on a blockchain.

Blockchain. A constantly growing list of blocks in a peer-to-peer network that records transactions.

Cryptocurrency exchanges. Also called digital currency exchanges, these generally consist of online businesses that allow customers to exchange cryptocurrencies for fiat currencies or other cryptocurrencies.

Cryptocurrency wallet. A secure digital account used to send, receive and store digital currencies. Crypto wallets can either be cold wallets that are used for storing cryptos in an offline environment or hosted wallets that are hosted by 3rd parties. Hosted wallets store your private keys and provide security for your digital currency balances.

Distributed ledger. A network of decentralized nodes or computers that connect to a network where transaction data is stored. Distributed ledgers do not have to involve cryptocurrencies and can be either private or permissioned.

Fork. Also known as a “chain split,” a fork is a split that creates an alternate version of a blockchain that then leaves 2 blockchains running simultaneously. For example, bitcoin and bitcoin cash came about due to a fork in the original bitcoin blockchain. Another type of fork is known as a “project” or “software fork.” this occurs when cryptocurrency developers take the source code of an existing altcoin project and create a new project. For example, litecoin is a project fork of bitcoin.

ICO. An initial coin offering (ICO) occurs when a new digital currency or token is sold, typically at a discount, to its first set of investors. An ICO lets issuing cryptocurrency companies raise funds from the public to support their coin’s development and maintenance.

Mining. A computationally-intensive process performed within a cryptocurrency network where blocks are added to the blockchain by verifying transactions on its distributed ledger. Miners are rewarded with digital coins as compensation for their successful computational efforts.

Are you ready for the future?

Digital currency and the blockchain appear to be the future of finance. Despite their current typical volatility and lack of widespread acceptance as a payment method, cryptocurrencies seem destined to become increasingly used for online payments. They could therefore make an interesting long-term investment, especially if you have a strong appetite for risk.

Where we will be in 20 years is anyone’s guess, but cryptocurrencies and blockchain technology show growing promise as forces to be reckoned with in the financial world. Get started today with 1 of our recommended crypto brokers.

Try gemini

Gemini builds crypto products to help you buy, sell, and store your bitcoin and cryptocurrency. You can buy bitcoin and crypto instantly and access all the tools you need to understand the crypto market and start investing, all through one clear, attractive interface. Gemini crypto platform offers excellent account management options. You can manage your account at a glance, view your account balance 24-hour changes and percent changes. Get started with gemini now.

Best cryptocurrency brokers for 2021

Daniel ‘harris’ major

I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.

Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.

Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.

After trying out most brokers, here are the best cryptocurrency brokers:

Best cryptocurrency brokers (non-US traders only)

Plus500 – top rated trading platform

Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.

Buy/sell cfds on bitcoin in addition to buying stocks, commodities, forex etc (traded only through cfds). Plus500 is the most complete trading platform.

Trade cfds on bitcoin & many other cryptos

Minimum deposit is only $100

Regulated and trusted platform

Very fast signup process

Live chat

Many payment methods (even paypal)

You cannot withdraw any cryptocurrency

You have to complete a questionnaire, upon sign up

Plus500 disclaimer: 76.4% of retail CFD accounts lose money.

IQ option – lowest minimum deposit ($10)

If you don’t want to make a huge initial investment, then IQ option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.

You can trade many cryptocurrencies

Minimum deposit is only $10

Best trading platform

Multiple account currencies

Free demo account

Regulated by CYSEC (#247/14)

Etoro – top crypto broker

Etoro is a really popular trading site. They have been around since 2006. Etoro is regulated by CYSEC, FCA and ASIC.

Buy/sell bitcoin on etoro in addition to buying stocks, commodities, forex etc. Etoro is the most complete trading platform.

Trade bitcoin & many other cryptos

Minimum deposit is $200

Regulated and trusted platform

Australian traders are also accepted

Great support team

Many payment methods (even paypal)

You cannot withdraw any cryptocurrency

You have to complete a questionnaire, upon sign up

Etoro disclaimer: 71% of retail CFD accounts lose money.

Highlow – best all-round crypto broker

Due to regulation highlow stopped accepting traders from the EU and UK.

Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.

I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.

I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).

I have also tried the ios app and the android app. They are great, but I just don’t like trading on smartphones in general.

The payouts on highlow are amazing (up to 200%, which is more than on other brokers).

Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.

Trade bitcoin & other cryptos

Minimum deposit is only $50

Regulated and trusted platform

Fastest signup process (no questionnaires)

Multiple account currencies

Free demo account (no registration needed)

Nadex – US traders welcome

Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.

Only US traders are allowed on nadex. Non-US traders check out the next broker.

Update OCTOBER 2019: looks like nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on nadex now and get updated when they add it.

Recently, nadex started offering bitcoin trading.

Trade bitcoin, forex or binary options

Minimum deposit is $250

CFTC regulated broker

Great support team

Many payment methods (even paypal)

Crypto brokers with most cryptocurrencies

Here are the most popular cryptocurrencies offered by cryptocurrency brokers:

Etoro – bitcoin, ethereum, litecoin, dash, ethereum classic, NEO and ripple.

Plus500 – bitcoin, ethereum, litecoin, bitcoin cash, ripple, IOTA.

Avatrade – bitcoin, ethereum, ethereum classic, ripple, dash, bitcoin cash litecoin, monero and NEO.

Lowest minimum deposit brokers

These are the best brokers with low minimum deposit requirements:

Etoro – $200

Plus500 – $100

Avatrade – $100

This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.

We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.

Top rated brokers that have cryptocurrencies

While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?

Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.

Etoro disclaimer: 71% of retail CFD accounts lose money.

You still can’t decide which broker is best for you?

How to choose your cryptocurrency broker

Is leverage really necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.

Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.

Negative balance protection: it is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.

How suitable is the required capital for you? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.

Narrow spreads for the win: let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.

A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.

Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.

Which cryptocurrencies are you interested in trading?

Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.

If your choice is a prominent cryptocurrency like bitcoin (official site), litecoin (official site), or ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like monero, IOTA, or zcash may be a little harder to come by.

So study the cryptocurrencies being offered by a broker before you sign up for an account.

Pros and cons of cryptocurrency brokers

Here are some features that these broker have or don’t:
pros

Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading

If you are less tech-savvy then a broker is safer for you

You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method

Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)

Cryptocurrency brokers – what to look for

Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.

1. What are the weekend hours like?

This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.

There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.

But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.

2. How is it hedging?

Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.

Why is it so important for you to know?

Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.

More great features you could be interested in

Commissions and trading on margin – an important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.

Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or cfds. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.

Authenticity of market data – aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.

One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.

But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto cfds.

Are short sales available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.

As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.

And a lot of that is down to which broker you decide to trade with.

Ready to start trading?

Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.

These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.

Best bitcoin brokers for USA

If you are from the USA you might have experienced certain restrictions on many internet platforms concerning US citizens. On some sites people from the USA cant even signup, on others there are restrictions in terms of money transfers and payment options.

On this page you find the bitcoin brokers where you are officially allowed to trade as a US citizen and/or resident.

Brokers / exchanges where US traders are allowed:

Bitcoin purchase

Altcoin purchase

USD, EUR supported

Regulated & secure

No margin trading

Bitcoin purchase

Crypto trading

No service for:
NY & WA state

5x leverage

Bitcoin purchase

Bitcoin trading

Altcoin trading

USD, EUR, GBP, RUR

No margin trading

Bitcoin purchase

Altcoin purchase

USD,EUR,GBP

High liquidity

No margin trading

Bitcoin purchase

Altcoin purchase

USD, EUR supported

Trusted exchange

No margin trading

If you are interested, please also read our page dedicated to all questions about bitcoin margin trading in the USA.

In the USA there is no uniform legislation for trading and brokerage services. However, there are general national supervisory authorities through which companies offering money services must be registered and licensed. The extent to which these services may then be offered in the individual states is again subject to the legislation of the respective state.

In some states companies need a money transmitter license to be allowed to bring certain services to the market, in others not. Also, the requirements for such licenses differ from state to state.

Especially with regard to derivatives trading and cryptocurrencies, however, there are the national supervisory authorities CFTC, SEC and FINCEN. The former is the authority that generally approves and classifies cryptocurrencies. Currently, cryptocurrencies are classified as commodities by the CFTC.

The SEC, in turn, is responsible for regulations within the futures and derivatives trading market and allows US americans to trade cryptocurrencies only with low leverage. This generally applies to the whole USA.

The FINCEN is the anti-money laundering supervisory authority, which is primarily responsible for ensuring that all financial transactions are registered and transparently traceable. Therefore, US americans, no matter from which state, are only allowed to use trading platforms and exchanges with full ID verification, also with regard to cryptocurrencies.

A separate problem in the area of brokerage services are corresponding fees, which can be charged by the individual US states. In some cases, the fees are simply so high that it is not financially worthwhile for cryptocurrency trading companies to offer their services there. Especially because the brokers are also not allowed to offer trading with higher leverage, which would bring them higher turnover that could potentially cover the high fees more easily.

Let's take a closer look at the trading opportunities and background of bitcoin brokers available for people from the USA.

Best cryptocurrency broker USA

Etoro

Etoro is one of the largest and best-known trading platforms for financial products, which can be used by retail traders in particular.

Etoro's offer is particularly comprehensive as the broker is known for its social trading concept among many other interesting features. Traders can share trading strategies and imitate successful traders.

Etoro may be used in the USA. However, there is one major restriction: the leverage of up to 1:2 which etoro offers for crypto trading is unfortunately not valid in the USA as the broker doesn't offer CFD margin trading in the united states.

However, investors can easily buy and sell cryptocurrencies (spot market trades). Bitcoin and other cryptos can be stored on etoro's secure in-house crypto wallet or they can get sent away from etoro's custody service to any external wallet of the user's choice. So in contrast to couple of years ago traders can now actually buy the underlying assets on etoro.

The cryptocurrencies available on etoro are BTC, ETH, EOS, LTC, XRP, BCH, DASH, NEO, ETC, ZEC, ADA, XLM, BNB, TRX, MIOTA

The international broker generally has relatively low fees compared to other large international brokers.

Payment methods: ACH / wire transfer

Leverage: none

Trading fees: spread only*

Deposit/withdrawal fees: no fees!

Demo accounts!

*etoro maintains a transparent pricing policy — you will never be charged hidden fees. The spreads below are the minimal spreads and are not guaranteed, and will vary according to market conditions and liquidity. Spread updates will always apply to open positions. The cost generated from the spread will be charged at the closing of a position.

BTC: 0.75 %

ETH: 1.90 %

BCH: 1.90 %

BCH: 2.45 %

BCH: 2.90 %

BCH: 1.90 %

BCH: 1.90 %

BCH: 2.90 %

BCH: 4.50 %

BCH: 2.45 %

Kraken.Com

Kraken is one of the oldest bitcoin trading platforms at all (already founded in 2011). Today, in addition to bitcoin, a variety of altcoins can be bought there and traded for profit. Kraken is one of the few platforms that are available to US americans, although this is not yet true for all states, but for most.

The big cryptocurrency exchange which is available in countries all over the world has spared no effort to offer its services in the USA. Due to the adversities mentioned above, kraken is not yet available in 100% of all US states, but in many. Residents and citizens of the USA are allowed to use the trading services of kraken.Com, with the exception of new york (NY) and washington (WA) as stated here.

Kraken is commonly considered the safest bitcoin exchange in the world.

Payment methods: bank transfer

Leverage: up to 1:5

Trading fees: 0.0% to 0.26%

Deposit/withdrawal fees: may occur depending on payment method

Cex.Io

Cex is a large bitcoin exchange founded in 2013 which has been operational in a few US states since 2015. In the meantime, however, CEX has already acquired a license in about 30 countries. The goal is to reach all states in the next years.

On CEX.Io bitcoin (BTC) can be bought with money. As far as we know they used to have a slight leverage of up to 1:3, but we can't find this feature anymore at the moment.

Arkansas, arizona, alaska, colorado, california, district of columbia, delaware, iowa, indiana, kentucky, kansas, maryland, michigan, massachusetts, mississippi, minnesota, montana, missouri, nevada, new mexico, new hampshire, pennsylvania, oklahoma, south dakota, rhode island, utah, wyoming, wisconsin and west virginia.

Payment methods: credit card, bank transfer, cryptocurrencies

Leverage: none

Trading fees: 0.1% to 0.2%

Deposit/withdrawal fees: 1% to 5 %

Coinbase

Coinbase is certainly one of the most famous names among the bitcoin exchanges. The US-based company can apparently be used by USA americans with only a few restrictions, we can't find any exact information about excluded states, except hawaii. There coinbase seems not to be licensed.

In general the stock exchange can be used in the USA, canada and europe. The platform does not offer margin trading, but this is available on its separate broker platform coinbase pro. Coinbase pro is available in 23 states and offers a leverage of up to 3x. The states supported by coinbase pro are currently:

Florida, texas, illinois, new jersey, virginia, georgia, arkansas, arizona, oregon, connecticut, new hampshire, massachusetts, nebraska, north carolina, oklahoma, colorado, kansas, maine, south carolina, utah, wisconsin, wyoming, west virginia.

Payment methods: bank transfer, credit card, debit card

Leverage: none

Trading fees: 1%

Deposit/withdrawal fees: may occur depending on payment method

Coinmama

Coinmama is also an exchange with many years of experience, it has been operating since 2013, and in the USA the exchange is only available in a few states, which according to coinmama include alaska, delaware, georgia, north dakota, ohio, oklahoma, rhode island, wyoming. Apparently there are more states, but they are not mentioned by name on the website of the exchange, only in a suggestive way.

On coinmama, bitcoin and the 9 largest altcoins can be bought and sold (spot market trading). Coinmama does not offer leverage or margin buying.

The altcoins available for purchase are EHT, BCH, ETC, ADA, LTC, QTUM, XRP, XTZ und EOS.

Coinmama enjoys a high level of user confidence due to its experience and seriousness. However, the fees are extremely high.

Payment methods: bank transfer, credit card, debit card

Leverage: none

Trading fees: 5.9% (already included in prices)

Deposit/withdrawal fees: 5% credit card fee

Is cryptocurrency regulated in the USA?

In the USA bitcoin and cryptocurrencies are so far not strictly regulated. Fiscal and by the financial supervisory authorities bitcoin and/or cryptocurrency is classified as commodity. Fiscal revenues and conversions by cryptocurrencies are thus treated like commodities. The acquisition, possession and sale of crypto currencies is accordingly likewise completely legal. What is not legal, however, is the trade of bitcoin and cryptocurrencies as CFD, which excludes the trade with high leverage in the USA.

As the simple buying and selling as well as the possession of crypto currencies are allowed in the USA, crypto exchanges can also offer their services to US americans. Only CFD brokers are not allowed to accept US citizens for the reasons mentioned above.

The U.S. Senate is currently discussing the regulation of bitcoin and crypto currencies, but no further legislation has yet been agreed upon. For the upcoming next term of office of the new government, however, further regulatory legislation is planned with regard to bitcoin and other crypto currencies.

It is currently being discussed that the crypto industry is to be generally supported in order to be able to take on a leading role here on the world market. On the other hand, however, stricter regulations are planned with regard to the prevention of money laundering and the secrecy of assets.

Websites in the field of financial services often have restrictions for US citizens

Many websites which offer certain financial services often don't accept citizens from the USA or at least they offer accounts with limitations. Especially the whole field of trading and gambling is affected by this matter. And this sector is giantic, almost everywhere in the world, but especially also within the US. The reason for the restrictions is that the US government made laws which should "protect" US citizens from getting fooled or scammed and from losing their good money.

But many people think that the real reason is rather that the authorities want to make sure that those massive amounts of gambling and trading money stays within the country. This of course has to do with getting the taxes concerning such transactions, but also to keep the money within american companies on US territory and not to lose it to the chinese or russian market or whatever.

Bitcoin trading sites for USA

This reason sounds fairly possible – but whatever the reason may truely be – you want to be able to trade bitcoin without any limitations. Fortunately there are quite a few bitcoin brokers which allow US citizens to signup, deposit and trade, exactly like people with any other nationality. So just check out the broker list above and compare their different features according to your needs.

Crypto spot and derivative space sees $3.3 trillion in december volumes

Last updated: 09 january 2021

Cryptocompare, the crypto data provider, had published a new report today. In this report, it shows that the trading volumes, particularly for the crypto-based derivative products, had increased to $1.43 trillion in december, showing a growth of 8.6%.

With this, the crypto derivatives space has witnessed a new all-time high, with the previous ATH having stood at $1.32 trillion in total, which was set just a month prior in november.

Crypto derivatives and spot markets changing supremacies

However, in terms of total crypto market representation, the report highlights that the derivative space had actually gone down in that. The space now represents a total of 55% of the crypto space at large, having previously been 60% in november.

There has been some very new trends in the crypto market, however, seeing as more and more sophisticated investors are entering the space. This can be seen in cryptocompare’s report, showing that investor interest in derivative trading is increasing. Typically speaking, placing bets on crypto prices without actual delivery is a more complex process, so more experienced traders tend to do business in it.

Spot and derivatives reaching ATH

Cryptocompare, based in london, found something interesting about the crypto spot volumes, as well. The spot volumes accounted for 45% of the total crypto turnover, but itself had risen up by 30% when compared to the month prior.

The crypto spot volumes for december 2020 was recorded at $1.9 trillion in total. This counts as just enough to push past the previous all-time-high, recorded in november 2020 as well, which stood at $906 billion in total.

As it stands, binance took the title of largest derivative exchange for december, boasting a total trade volume of $451 billion. This stands as 12.5% more than what was recorded in november. In second place stood okex. While it did have the greatest growth, percentage-wise, going up by 22%, it still amounted to $284 billion in total.

Huobi stands in third place, though it recorded an overall decrease in derivative trade volume by a factor of 7.6%. The firm ultimately recorded $269 billion in crypto trade volume. Bybit is something to make a note of, however, as the exchange reached volumes of $133 billion after seeing an 18% surge.

The big players gaining most

The december review’s key findings, however, shows in where the crypto trading is happening. The majority of this crypto derivative trading are happening on exchanges that cryptocompare considers “top-tier,” with a total command of $818 billion in total volumes. Month-over-month, this shows that the top dogs have gained 33% more in crypto volumes than in november of 2020.

Now, as for the so-called “lower-tier” exchanges, according to cryptocompare, these exchanges saw a collective month-over-month increase of 24%, going up to $355 billion in total.

Top 10 online cryptocurrency trading brokers

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With over 30 years of trading experience and trades in over 50 countries, city index is a leader in spread betting, CFD and forex trading. Trade in 12,000+ global markets including bitcoin, indices, shares, forex and much more.

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Thanks to an excellent reputation, high trading standards, and multilingual customer care, avatrade has become one of the industries leading brokers. Offering highly competitive spreads on a wide variety of trading investments.

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Trade a wide variety of crypto cfds

With markets.Com get ZERO commission trading on cryptocurrency, forex and commodity cfds with one of the most sophisticated trading platforms in the industry.

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Use paypal to trade bitcoin futures

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Easymarkets was formed by bankers and forex experts and has been serving the forex market for 16 years, with transparent pricing, fixed spreads and no commissions on deposits or withdrawals. Now with cryptocurrency cfds!

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T&C's apply to each of the offers above, click "visit site" for more details.

Risk warning: users should be aware that all investment markets carry inherent risks, and past performance does not assure future results. Trading of any kind is a high-risk activity, and you could lose more than you initially deposited. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-89% of retail investor accounts lose money when trading cfds. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser disclosure: topbrokers.Trade is an independent professional comparison site funded by referral fees. The compensation topbrokers.Trade receives is derived from the companies and advertisements featured on the site. Due to this compensation, we can provide our users with a free comparison tool. Unfortunately we are unable to list every broker or exchange available, however, we do our best to review as many as possible.

How to get started in cryptocurrency trading

As the trade volumes are reaching billions of dollars a day and the market caps are hitting tens of billions of dollars, it is no wonder that cryptocurrencies fuel the modern day gold rush. Today is an age of digital currencies, with hundreds of cryptocurrencies birthed within the decade. There are already more than a thousand cryptocurrencies in the market, and almost daily a new initial coin offering (ICO) appears.

What is cryptocurrency?

Today, the most famous cryptocurrency is bitcoin. Its inventor attempted to build a “peer-to-peer electronic cash system”. Many have tried this system many times before. However, the main difference between bitcoin and the previous efforts, like digicash, was that it was to be entirely decentralized. Since no overarching entity is controlling the currency, the notion of “trust” would be eliminated from the system.

To combat “double spending”, the major problem in all the digital cash systems at that point, satoshi nakamoto, bitcoin’s inventor, proposed the blockchain technology. The blockchain technology is a revolutionary technology that records all the transactions made with this currency.

For any single balance, transaction, or change to the network to take place, there needs to be a consensus amongst those who validate the network – the miners. Since the invention of bitcoin, many programmers have attempted to use the model and change it to provide what they consider a more functional form of digital cash.

The other kinds of cryptocurrencies include monero, new economy movement, litecoin, and ether. Many of these cryptocurrency efforts tailor their currency for an individual and particular purpose. Some of the most common purposes are speed, privacy, and price.

What are cryptocurrencies used for?

Since cryptocurrency is such a new technology, it may be that people have not used it yet for its eventual use. Still, today people utilize it for many various purposes. These purposes include, but aren’t limited to the following: trading, remittances, payment for goods and services, investment, gambling, private monetary transactions, and as a hedge against national currencies which are suffering from rapid devaluation (greece, venezuela for example).

As the whole cryptocurrency space begins to expand, it’s likely that we will see some additional applications joining the list of purposes for the crypto currency. There are already young services such as steemit, which aims to revolutionize the way people pay for content on social media, in addition to services like musicoin which attempts to find a more equitable way to pay artists without the need for a middleman.

What is the difference between bitcoin and ethereum?

All cryptocurrencies have their own characteristics. However, recently one coin has come to challenge bitcoin more than ever before. Ethereum is the new player on the market. The reasons that it is a challenge to bitcoin are easy to understand.

Ethereum emerged as an effort to try to correct some of the main criticisms made towards bitcoin – especially regarding security.

What ethereum has accomplished to do was to provide transactions that are safer, more flexible contracts that are compatible with any wallet, with short block times for negotiating (where the confirmations are easier). Also, ethereum is available more than bitcoin. Whereas more than two-thirds of bitcoin has already been mined, access to ethereum is still widely available. Another main difference between these two cryptocurrencies is that ethereum allows for different developers to raise funds for their projects. It can, therefore, be in itself a kickstarter for some projects.

One of the main advantages to ethereum is that it’s a more secure, easy to use, flexible, and transact coin. In addition to this advantage, it has brought innovations in terms of entrepreneurship and investment. And this is posing a serious challenge to bitcoin’s market cap.

What is the difference between a cryptocurrency exchange and a cryptocurrency broker?

You can invest in cryptocurrency in two ways. First, cryptocurrency can be bought and sold at a cryptocurrency exchange and stored in a digital wallet. The second method would be to invest in crypto as a CFD with regulated cryptocurrency brokers. With CFD cryptocurrency trading, the digital currency is treated as a speculative investment and traded as a contract for difference (or CFD), through brokers.

Platforms that allow traders to buy and sell cryptocurrencies are cryptocurrency exchanges. Dues to the fact that it is a very recent – and booming – market, the majority of these platforms are relatively new. But, of course, one of the essential questions that people ask is how to know if a particular platform is safe or not.

The only way that you can find out is to check if the exchange provides transparent data of the coins that are in cold storage. What this means is, whether it has the reserves that it requires to provide liquidity to its activities. You can find check this easily by checking whether an exchange is regulated or not.

Trade cryptocurrency online using CFD services

If you are interested in trading because of the opportunity to profit from the incredible volatility of cryptocurrency, your best option is to use an online trading platform that allows CFD services. Currently, there are very few CFD platforms that allow this kind of trade, so to see available options refer to our recommendations above.

CFD brokers are a great option if you want to trade cryptocurrencies with the option to accept multiple forms of payment. If you want to buy cryptocurrency with paypal, you can, and these forums also accept major credit cards and wire transfers as well. Furthermore, if you choose to trade through a forex or CFD platform, you will pay the lowest commissions possible. That is in comparison to other investment alternatives. CFD and forex companies use an exchange rate that is an aggregate of different crypto exchanges.

Trading cryptocurrencies – getting started with cfds (contracts for differences)

Cryptocurrency cfds allow you to trade digital coins without actually owning any. Crypto cfds were generated to give traders exposure to the cryptocurrency market without the need for ownership.

Contracts for differences, also known as “cfds,” represent a contract between trader and exchange. Cfds declare that the difference between the price on entry and the price on exit will be a trader’s profit or loss. Basically, cfds are an agreement held between two parties that simulate an actual asset.

How to make money trading crypto

There are several ways to make money cryptocurrency trading. The most popular is trading bitcoin against the US dollar, known in market terms as the BTC/USD pair. The first method is to find a top cryptocurrency broker and to invest in a digital currency in the same way that you would do with a physical currency – by buying low and selling high. Since cryptocurrency is highly volatile, you should be able to identify the dip with studying and market research.

Read on to learn how to find the best cryptocurrency brokers. Be sure to review the platforms we suggest above, all are fully-registered and come highly recommended. For additional information regarding trading cryptocurrency as a CFD, check out our guide on “the basics of cfds“. It’s important that you remember that leverage works both ways and it will magnify the gains and losses.

How to choose the best cryptocurrency trading broker online

Because there’s so much competition in the market as well as having countless cryptocurrency brokers to choose from, it can be difficult to know which option will be best for you. Here are a few key points we suggest keeping in mind when deciding how to best invest:

Regulation

Each country has its own regulatory body. The regulatory body develops rules, services and programs to protect the integrity of the market. The regulators protect traders, and investors as well as the cryptocurrency brokers themselves. Their main obligation is to help members meet regulatory responsibilities. Due to potential safety concerns regarding deposit, you should exclusively open accounts with regulated firms.

Customer service

Cryptocurrency trading takes place 24 hrs a day, so customer support should be available at all times. Ideally, you will want to speak with a live support person rather than a time-consuming auto-attendant. Give a call to the customer service centre to get an idea of the type of customer service provided. Check on wait times and find out the representative’s ability to answer questions regarding spreads and leverage, trade volume, and company details.

Account types

Your ideal cryptocurrency trading broker should be able to offer either multiple account options or an element of customizability. Look for cryptocurrency brokers that offer competitive spreads and easy deposits/withdrawals.

Currency pairs

Cryptocurrency brokers can provide a selection of cryptocurrency pairs. However, it is most important is that they provide the variety of pairs that interest you. While there are many digital currencies available for trading, there are only a few get the majority of the attention, and as the result, trade with the highest liquidity.

Platform type

The trading platform is the investor’s portal to the markets. With that in mind, look for a platform that’s easy to use, straightforward and offers an advanced collection of analytical and technical and tools. These features will help to enhance your trading experience.

Here at topbrokers.Trade, we take pride in providing the best possible trading brokers comparison, reviews and ratings. These reviews enable you to select the best trading platform for your needs. We don’t just help you to pick a great place to trade, but also do everything that we can, to show you how to get started. For more information on cryptocurrencies, please see our tutorial: the basics of cryptocurrency

Best crypto trading forex brokers for 2021

Below you will find a list of forex brokers that offer cryptocurrency trading instruments (e.G. BTCUSD, ETHUSD, LTCUSD) and allow account funding with major crypto coins. In most cases, these are bitcoin, etherium and litecoin, although certain companies provide more options. Blockchain technologies made crypto transactions very simple and highly anonymous. Hence, some forex brokers don’t even require to undergo an account verification process before you can deposit or withdraw some funds in the form of cryptocurrency.

Who are crypto forex brokers? These are forex brokers that also list cryptocurrency assets on their platforms, usually in combination with fiat currencies to form a crypto-fiat pairing. Examples of crypto-fiat pairs include BTCUSD, DASHUSD, ETHUSD and LTCUSD. These cryptocurrency assets are CFD instruments and do not warrant owning the actual cryptocurrencies in itself.

What crypto assets are offered by crypto forex brokers?

Assets that are offered by crypto forex brokers include various pairings between cryptocurrencies and fiat currencies. Popular cryptos used in these pairings are bitcoin (BTC), ethereum (ETH) and litecoin (LTC). However, other cryptos such as DASH, ripple, NEO and stellar lumens have emerged as crypto assets that are making their way onto platforms featured by crypto forex brokers. Fiat currencies which are used as the counter asset in these pairings are US dollar (most popular), euro and british pound. So you get to find pairings such as BTC/USD, ETH/USD, LTC/USD, DASH/USD, BTC/EUR, etc. The exact combinations will differ from broker to broker. These crypto assets are usually listed on popular platforms such as the MT4, where they can be traded just like any other currency pair of CFD asset. You can use market or pending orders to setup trades, or trade with the regular lot sizes featured on the platforms to setup your trades.

Account opening with crypto forex brokers

Opening an account with a crypto forex broker is quite simple, and follows the regular process of account opening, which involves filling an online form. Account verification is also easier, especially if you are going to use a crypto-only account, or if you will use cryptos for deposits and withdrawals. This is because cryptocurrency transactions are basically anonymous and do not require verification of the identities of the individuals involved in the transaction. So if you opt for a crypto transaction method for deposits and withdrawals, your account will most likely be opened for trading without verification.

Depositing/withdrawing funds on crypto forex broker platforms

Some crypto forex brokers require that you open a dedicated account that can be used to trade cryptocurrency assets, while others allow you to use the same regular trading accounts used to forex and cfds. In the last few years, some crypto forex brokers have opened up new payment channels that allow their clients to deposit and withdraw their holdings in cryptocurrencies. Bitcoin and ethereum are the popular cryptocurrencies used for such deposits and withdrawals. To be able to use these cryptos for deposit and withdrawal transactions, there is a need to get a wallet to be able to hold your assets. These wallets are usually provided by the crypto forex broker. Making a deposit in cryptocurrencies will require you to obtain BTC or ETH from a third party source exchange, store this in an external wallet, and transfer what you want to trade with to your wallet on the crypto forex broker platform. Withdrawals will also follow the same route. The advantage here is that the cryptos used in conducting your deposit transactions are held in a cold wallet and are not accessible to hackers, unlike the ones held in exchanges which are hot wallets and are vulnerable to theft by hackers. Brokers like simplefx typify an emerging trend where crypto forex brokers are increasingly dispensing with fiat deposit methods and replacing these with more crypto-based methods. Presently, simplefx allows users to deposit and withdraw funds in cryptos such as bitcoin, bitcoin cash, ethereum, dash and litecoin. It also offers e-wallets such as fasapay, skrill and neteller. You really would not even find the bank wire or card options here.

For other brokers, you will also be able to use conventional means of payment to transact on your account. This includes the use of bank wires, credit/debit cards and e-wallets such as skrill, neteller and webmoney.

More consistently, you will find that some of the crypto forex brokers in our list offer both fiat and cryptocurrency deposit and withdrawal methods. Thinkmarkets is an example of this hybrid transaction model, as it offers the fiat methods just mentioned as well as the bitcoin method using the bitpay wallet.

How were crypto forex brokers on this list selected?

Certain factors were considered in compiling the list of the best crypto forex brokers you can use today. These factors include leverage/margin requirements, security of transactions and spreads.

Leverage/margin requirements

Trading cryptocurrencies on forex broker platforms in europe and the UK has become very expensive, no thanks to the 1:2 leverage cap imposed by the european securities and markets authority (ESMA). Ordinarily, spreads on some cryptocurrency assets such as BTC/USD are quite high, and margin requirements as well as the inherent volatility of some of these assets may overwhelm most traders’ financial capacity. In compiling our list of the best crypto forex brokers, one of the criteria used for selection was to seek for platforms that had friendlier leverage provisions. The leverage provided by many of the brokers on our list for trading cryptocurrency assets ranges from 1:2 to 1:100. In terms of cost implications to the trader, what does this mean?

Trading LTC/USD with a leverage of 1:2 means that setting up a $100,000 position on this asset will require a margin of $50,000. But on a crypto forex broker platform like that of primexbt (one of the brokers found on our list), the leverage provided for trading this asset is 1:100. This means that you can trade a standard lot with a margin of $1000. Look at the difference in the two positions: $50,000 margin (UK/EU broker) as opposed to $1,000 margin (our broker). It goes without saying that this represents significant cost savings and using our brokers will make crypto trading on a forex platform cheaper.

Security of transactions

For those who opt to use the crypto-based funding and withdrawal methods, a key advantage of using crypto forex brokers is the safety of transactions. Rather than expose your crypto holdings in exchange-based hot wallets, you can use the same holdings in secure cold wallets to fund your account and trade the same assets as cfds. This represents a far more secure way to trade and enables the trader to have immense peace of mind. It should also be mentioned that most crypto forex brokers mentioned here are regulated, and so there is accountability in how business is conducted on those platforms. Using exchanges which are unregulated always carries risks, as users of cryptopia and quadrigacx have found out the very hard way.

Spreads

Cryptos tend to have higher spreads than any other assets on these crypto forex platforms. For instance, the spread on LTC/USD on simplefx is 14,800 points, or $148 for a standard lot position. But comparatively speaking, the spreads on crypto assets with our crypto forex brokers are lower than what you will get on other platforms. Spreads are the trader’s cost, and for assets that carry wider spreads, this cost simply needs to be kept as low as possible. By offering traders lower spreads, the savings that will be realized over time will prove beneficial for the trader.

Best online brokers for bitcoin trading

The best crypto exchanges for US bitcoin trading offer three essential benefits. The first, and most important, is robust security with two-factor authentication, cold storage, and integrated safe wallets. Second is a user-friendly website and platform. Third, they provide access to trading a variety of cryptocurrencies like bitcoin and ethereum.

In our assessment and ranking of cryptocurrency exchanges, we focused on traditional exchanges headquartered and regulated in the united states, as well as the incumbent online brokers in the US, which are expanding to offer bitcoin trading on top of regular stock trading (e.G. Buying shares of apple or google).

Best bitcoin trading platform

Tradestation - best trading platform

Coinbase - best crypto exchange

Etoro - low fees

Kraken - maker-taker fee schedule

Bittrex - most altcoins

Gemini - offers gemnini dollar

Robinhood - best mobile app

Here's a breakdown of some of the best online brokers for US crypto trading.

Best trading platform - open account
promo offer: commission-free trades on stocks, etfs & options trades

As a trading technology leader, tradestation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades. Tradestation crypto allows you to buy, sell, and trade bitcoin, litecoin, ethereum, bitcoin cash and XRP. Tradestation crypto caters to both institutional and recreational clients. Read full review

Best crypto exchange

Founded in june of 2012, coinbase is the largest US-based cryptocurrency exchange, housing over 20 million users. Coinbase is best known for its easy to use website and crypto trading platform, coinbase pro. Coinbase supports 14 different cryptocurrencies for trading, including bitcoin (BTC), ethereum (ETH), and litecoin (LTC), among others.

Low fees - open account
promo offer: 0% commission stocks

Etoro is great for traders seeking zero-commission stock and ETF trades, an efficient platform, and access to copy trading. That said, there are hidden fees, education is sub-par, and etoro doesn't offer the same range of investments as traditional brokers. Etoro's crypto offering includes 16 different coins. Although crypto fees are cheap, you can only withdraw your crypto assets with a dedicated etoro wallet.

Maker-taker fee schedule

Kraken was founded in july of 2011 and offers trading on 18 different cryptocurrencies, including monero (XMR), ripple (XRP), and dash (DSH). Kraken currently offers a web platform but does not have a mobile app.

Most altcoins

Bittrex was founded in seattle, washington in 2014. Although bittrex doesn’t provide a mobile or desktop platform, it still offers over 100 tradeable coins, including bitcoin (BTC), ethereum (ETH), and litecoin (LTC).

Offers gemini dollar

Founded in 2015 by the winklevoss twins, gemini is a licensed digital asset exchange and custodian built for both individuals and institutions. Gemini lets users buy, store, and sell bitcoin (BTC), ethereum (ETH), litecoin (LTC), bitcoin cash (BCH), and zcash (ZEC), as well as the self-named gemini dollar (GUSD).

Best mobile app

Robinhood crypto allows users to trade bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), litecoin (LTC), dogecoin (DOGE), ethereum classic (ETC), and bitcoin SV (BSV). Ten additional coins can be added to a watch list. Robinhood crypto is best-fitted for users who trade multiple classes of assets. Read full review

Pricing details

Below is pricing information for each of the top online brokers for bitcoin trading. Each company uses a different structure.

Tradestation - open account
promo offer: commission-free trades on stocks, etfs & options trades

Headquartered in plantation, florida, tradestation is a wholly owned subsidiary of monex group, inc., one of japan’s largest online financial services providers. (1). Tradestation's roots date back to the 1982, when the company was formed under the name omega research. The company's flagship tradestation platform was launched in 1991, and tradestation group was a NASDAQ listed company from 1997 - 2011, until it was acquired by monex group (2).

Tradestation crypto features a simple pricing structure. Account balances below $100,000 pay a 0.50% maker fee and a 0.50% taker fee. Account balances over $100,000 don’t pay a maker fee, paying either a 0.25% or 0.125% fee based on account size. At this commission rate, it would cost $5.00 to buy $1,000 worth of bitcoin (BTC).

Coinbase - coinbase.Com

If buying bitcoin from a linked ACH account, the average commission is

1.49%. If buying bitcoin by selling another cryptocurrency you already hold in your coinbase wallet (or vice versa), then the average commission is

.50%. For example, buying $1,000 worth of bitcoin would cost

$15 from a linked bank account.

Etoro - open account
promo offer: 0% commission stocks

As an early pioneer in social copy trading, etoro was founded in israel in 2006 as a financial trading technology developer. After launching its first product, it has since grown to service over 9 million users with an innovative platform that continually evolves to be one of the largest social networks globally, with clients in over 170 countries.

Etoro charges no fees for sending or receiving transactions. Blockchain fees are applicable for sending and receiving. However, etoro does charge a conversion fee of 0.1%, set to market rates. Minimum withdrawal amounts and fees are also imposed for each type of cryptocurrency. The minimum bitcoin withdrawal amount is 0.0086 BTC and the withdrawal fee is 0.0005 units.

Kraken - kraken.Com

Kraken uses a maker-taker fee schedule with price incentives based on your trading volume over the last 30 days. For example, the average customer who trades less than $50,000 a month will pay $2.60 in fees for every $1,000 in trading volume. Fees for market makers range between 0% and 0.16%, while fees for takers range from 0.10% to 0.26%. This fee schedule, is more competitive than competitors like coinbase and gemini.

Bittrex - bittrex.Com

Bittrex has a simple pricing model, and charges a flat 0.25% on all trades. At this commission rate, it would cost $2.50 to buy $1,000 worth of bitcoin (BTC). Higher-volume traders, those trading more than $25,000 a month, should look at kraken for discounted pricing.

Gemini is much more expensive than other exchanges, charging between $0.99 - $2.99 on transactions under $200, and 1.49% on orders over $200. This means it would cost $14.90 to purchase $1,000 worth of bitcoin (BTC). Overall, gemini is the most expensive crypto exchange included in this guide, charging more than five times what other exchanges would charge for the same transaction.

Robinhood

Robinhood crypto does not charge a commission for placing crypto trades; however, it generates tiny profits from each order as it is routed. This routing practice, known as payment for order flow (PFOF), is also how robinhood makes money from stock trades. In their user agreement, robinhood crypto states that they may receive activity-based rebates from crypto exchanges, brokers, and market-makers, among other crypto intermediaries. Bottom line, since robinhood is not transparent with its pricing structure, there is a possibility the all-in costs per trade are actually much higher than some competitors. Unfortunately, there is no way to know for certain.

Pricing details per exchange

Final thoughts

Trading cryptocurrencies is becoming more widespread as investors around the globe become more comfortable with blockchain technology and the exchanges that offer online crypto trading. Security enhancements for digital wallets continue to improve as well, providing traders more confidence that buying bitcoin is safe.

Best online brokers for bitcoin trading

Best bitcoin trading platform

Tradestation - best trading platform

Coinbase - best crypto exchange

Etoro - low fees

Kraken - maker-taker fee schedule

Bittrex - most altcoins

Gemini - offers gemnini dollar

Robinhood - best mobile app

Here's a breakdown of some of the best online brokers for US crypto trading.

Best trading platform - open account
promo offer: commission-free trades on stocks, etfs & options trades

Best crypto exchange

Low fees - open account
promo offer: 0% commission stocks

Maker-taker fee schedule

Most altcoins

Offers gemini dollar

Best mobile app

Pricing details

Below is pricing information for each of the top online brokers for bitcoin trading. Each company uses a different structure.

Tradestation - open account
promo offer: commission-free trades on stocks, etfs & options trades

Coinbase - coinbase.Com

If buying bitcoin from a linked ACH account, the average commission is

1.49%. If buying bitcoin by selling another cryptocurrency you already hold in your coinbase wallet (or vice versa), then the average commission is

.50%. For example, buying $1,000 worth of bitcoin would cost

$15 from a linked bank account.

Etoro - open account
promo offer: 0% commission stocks

Kraken - kraken.Com

Bittrex - bittrex.Com

Robinhood

Pricing details per exchange

Final thoughts

21 best US customer friendly crypto exchanges in 2021!

This is a curated list of over 20+ best US customer-friendly crypto exchanges in the blockchain industry. Exchanges listed here are all available for US customers.

Unfortunately in the land of the free, a lot of you are not actually able to trade on many of the most popular global cryptocurrency exchanges.

This is because the united states is quite strict when it comes to investment regulations and due to regulatory overhead most exchanges either don’t care to deal with them or simply don’t have the means to do so. Leaving US customers scratching their heads as how to lawfully participate in the cryptocurrency economy.

Here are the best US customer friend crypto exchanges that you can use today in 2020.

Note that some of the exchanges listed here may not offer official statements about whether US citizens are welcome or not! – please read the terms and do your own research!

Check our new pillar post that ranks US exchanges based on readers’ votes!

Spot/margin trading exchanges

Margin trading allows you to borrow either bitcoin or dollars at an interest rate to increase the size of your trading account. Although this activity can be highly risky, it is the quickest way to make huge trading returns.

Kraken

Kraken is a bitcoin and cryptocurrency trading platform based in the US. The exchange is one of few in the world offering margin, and futures trading up to 50x for US customers. The kraken exchange offers a number of other services as well from institutional account management to OTC desk, and more. And with a decent exchange volume, kraken is the best option for any customers living in the US looking to trade bitcoin using margin.

Trading fees	0.16% – 0.26% + discounts
withdrawal limits	without KYC: $5,000 USD / with KYC: $1,000,000 USD / 24 hours

Bitflyer

Bitflyer is one the largest & leading crypto exchanges by volume in the world, not only it has the largest volume in japan, and with global volumes reaching over 250 billion in 2017, but it also has licensed operations in europe, and the US.

Trading fees	0.20% + discounts
withdrawal limits	unlimited

Altcoin trading exchanges

Altcoin trading can be one of the most profitable concepts in cryptocurrency, there are thousands of different projects to choose from and quite a few exchanges as well. To have access to as many coins as possible we suggest registering on each exchange below. These are the best crypto exchanges for altcoin trading.

Kucoin

Kucoin is one the best altcoin exchanges for trading right now, the platform offers a variety of coins to choose from with high liquidity, as well as the option fo purchase bitcoin with a credit card. Kucoin does not offer KYC option for US customers, however, they do not seem to restrict the use either, meaning anyone can freely use their platform with the 2BTC withdraw limit.

Trading fees	spot: 0.1% – 0.1% / futures: 0.02% – 0.06% + discounts
withdrawal limits	without KYC: 5 BTC / with KYC: 100 BTC / 24 hours

Bittrex

Bittrex is one of the oldest US-based exchanges that can proudly say they have never been hacked. This platform provides a large variety of coins to choose from and a reputable trading engine.

Trading fees	0.2% – 0.2% + discounts

Bithoven

Bithoven stands as a reliable cryptocurrency trading exchange with a simple interface. The platform has partnered with bitgo, which assumably gives them guaranteed security over funds, of up to 100 million. The exchange has plenty of altcoins to choose from and leverage up to 20x. The platform also offers margin trading, however, this service is restricted from US customers.

Trading fees	0.2% – 0.2%
withdrawal limits	unlimited

Probit

Probit is a korean based global cryptocurrency exchange offering a variety of lesser-known altcoins to trade with. The platform requires no KYC from citizens outside of korea and is also available for US customers.

Trading fees	0.2% – 0.2% + discounts
withdrawal limits	without KYC: $10.000 USD / with KYC: $100,000 USD / 24 hours

Qtrade

Qtrade is a unique altcoin exchange that lists only selected original dev coins with special capabilities and features. The platform is one of those places not many know yet it has some of the most advanced coins you can trade with.

Trading fees	0% – 0.5%

VCC exchange

VCC exchange is a vietnamese based advanced altcoin trading exchange. The platform offers a variety of cryptocurrencies, and requires KYC for withdrawals.

Trading fees	0.20% – 0.20%
withdrawal limits	80 BTC / 24 hours

Livecoin

Livecoin is a small-cap altcoin exchange providing countless coins to choose from. This exchange was founded back in the day in 2013 meaning they have a quite track record behind. The exchange also supports fiat currencies such as USD, EUR, and russian ruble.

Trading fees	0.18% – 0.18% + discounts
withdrawal limits	no limits

Beaxy

Beaxy is newer all in one cryptocurrency exchange, providing great tools and features. They have everything from advanced order types to portfolio management, this exchange could be good if there was some liquidity available.

Discount link

get a 20% discount on beaxy trading fees!

Fiat to crypto exchanges

Many of the exchanges from the above categories can also be used for purchasing your first bitcoins. However here are some of the best crypto exchanges, which are more focused on dealing with cash, and therefore better to be used for either buying your first bitcoins or selling your coins for cash.

Coinmetro

Coinmetro is hands down the most affordable place to purchase bitcoin and other cryptocurrencies. The exchange is designed to suit for all levels of trades, from newbies with a one-click buy button to pro trading screens. The platform is available for the US citizens, except for hawaii, washington and new york states.

Trading fees	0% – 0.1% + discounts

CEX.IO

CEX.IO is one of the oldest bitcoin exchanges around, it’s global, stable and offers both simple, easy to use interfaces for both buying and trading bitcoin and few other cryptocurrencies.

Trading fees	0.16% – 0.25% + discounts
withdrawal limits	2 BTC / 24 hours

Binance.Us

Binance.Us is a branch focused on becoming a new home for cryptocurrency trading services within the united states. The platform offers a variety of crypto pairs trading against USD and the possibility to purchase bitcoin with a credit card.

Trading fees	0.1% – 0.1% + discounts
withdrawal limits	$7,500,000 USD / 24 hours

Binance jersey

Binance jersey is fiat focused crypto exchange built on top of technology developed by binance, the leading and most known crypto exchange on the market.

Trading fees	0.1% – 0.1% + discounts
withdrawal limits	10,000 GBP / 24 hours

Coinbase

Coinbase has the largest hot wallet in the industry, operating in over 30 countries and securing more than 20 million customers worldwide. This exchange was founded in 2012 by brian amstrong and is widely known as one of the easiest exchanges for purchasing and trading your bitcoins.

Trading fees	0.50% – 0.50% + discounts
withdrawal limits	initially $25,000 USD (can be increased) / 24 hours
discount link	earn up to $158 worth of crypto!

Gemini

Gemini is based in the US and was founded by cameron and tyler winklevoss. The exchange is an excellent way to purchase, store and sell bitcoin. And the number of coins these two owns makes it quite literally the most secure exchange around.

Trading fees	1.49% premium / activetrader: 0.35% – 0.25% + discounts
withdrawal limits	$100,000 USD / 24 hours

Coinmama

Coinmama is one of the great choices for purchasing your first bitcoin or ethereum. This exchange has been around since 2013 offers a simple user experience and is, therefore, one of the most reliable old dogs still around.

Trading fees	2% + 3.90% when buying, and 0.9% when selling / 5% for cards.
Exchange limits	$12,000 USD / 24 hours

Coindeal

Coindeal is a US-based crypto exchange offering easy to use platform with a variety of altcoins and fiat currencies to choose from. The exchange has fast verifications and many methods for depositing and withdrawing funds. On top of this, users can also purchase bitcoin with a credit card.

Trading fees	0.29% – 0.39% + discounts
withdrawal limits	€100,000 EUR / 24 hours

Paybis

Paybis is an instant cryptocurrency exchange founded in 2014. The exchange provides support for a variety of payment methods including credit card, skrill, neteller, payeer and advanced cash. The exchange also has one of the highest purchasing limits.

Trading fees	fixed
buying limits	$500,000 USD per week.

Bitquick

Bitquick is owned and operated by athena team, one of america’s most trusted ATM operators. The platform lets users purchase bitcoin from other users through escrow with physical cash.

Trading fees	2%
exchange limits	without ID scan: $400.00 USD

Peer to peer exchanges

Peer to peer stands for exchanges that do not hold user’s funds but rather connect buyers and sellers.

Paxful

Paxful is a peer to peer exchange connecting buyers and sellers with over 300 payment methods to choose from. You can buy bitcoins with bank transfer, gift cards, paypal, cash and much more.

So, let's see, what we have: learn more about the best cryptocurrency trading platforms to trade your coins. Rankings are based on usability, fees and more. At crypto brokers usa