Since various brokers have various capabilities, you must determine the type of broker that is best for your cryptocurrency needs. Some online brokers offer a social trading network that allows you to copy the trades of other cryptocurrency traders into your own account. Others can have the ability to conduct transactions in a wider range of altcoins.
Choosing the best cryptocurrency online brokers is largely determined by your requirements as an investor or trader. The crypto brokers on this list were chosen for a variety of reasons in order to meet the needs of various cryptocurrency trading and investment types.
For Social Trading
Through its social trading network, eToro radically changed the way many people exchange and invest. In social trading, you mirror the transactions of another trader or investor in a separate social trading account. If you earn the same amount as the trader you’re copying, you also bear the same percentage of the trader’s losses in your account.
eToro provides an advanced cryptocurrency exchange platform called eToroX in addition to its standard crypto trading platform. This platform caters to algorithmic traders as well as institutional investors. Its AlgoX application programming interface (API) can be used to develop custom automated trading tools, and it offers traders tight dealing spreads.
For Ease of Use
With Gemini’s simple tools, you can stay on top of market trends, develop your crypto portfolio, and execute your trading strategy. The Gemini app is available in all major app stores and gives you access to the industry’s best cryptocurrency exchange and wallet.
The Gemini software is easy to use. You can monitor asset prices and real-time market prices, as well as set price notifications, so you can react quickly to price changes for specific assets. On Bitcoin and other cryptocurrencies, you can also set up recurring purchases.
With Gemini’s strong cybersecurity and custody solutions, you can invest with confidence. Make your first purchase in as little as 3 minutes after creating a free account.
Coinbase is one of the most well-known and well-established cryptocurrency exchanges. It now has 43 million users in more than 100 countries. Coinbase has a wealth of educational tools as well as a user-friendly interface that is suitable for new traders and investors.
Clients will also get a hosted wallet from the exchange, as well as global customer service. Coinbase is a great option for those that are new to cryptocurrencies and don’t want to use social trading platforms.
Best for Gold
One of the few cryptocurrency that allows you to exchange and keep physical gold in your personal retirement account is iTrustCapital (IRA). Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) can all be traded in your IRA. For your crypto purchases, iTrustCapital provides you with a personal Curv wallet get more details here.
Although iTrustCapital does not have a minimum trade or account size, it does charge a monthly flat fee of $29.95. This sum covers all IRA fees, asset custody fees, and access to the company’s trading network, but all cryptocurrency transactions are subject to a 1% transaction fee depending on the size of the deal.
If you’re saving for retirement and want to diversify your cryptocurrency investments with physical gold as an inflation hedge, iTrustCapital is a good option.
For High Volume
STP or Straight Through Processing is a service provided by CryptoRocket to its trading clients. This means you’re dealing directly with the crypto and forex markets, rather than going through online brokers or market makers. This broker is suitable for high-volume forex traders who are prone to trading spread sensitivity.
You can exchange 55 fiat currency pairs, 64 main stocks, and 11 indices along with the 35 crypto pairs available. You may be able to take advantage of CryptoRocket’s 500:1 gross leverage ratio for forex trades if you live in a jurisdiction with relatively weak retail forex trading regulatory oversight.
The famous MetaTrader4 trading platform is also supported by CryptoRocket.
Altrady was created by cryptocurrency traders for cryptocurrency traders. Beginner, intermediate, and advanced traders will all use it to exchange cryptocurrencies.
You can get the same resources that skilled crypto traders use for a fraction of the cost. Altrady’s software is simple and straightforward to use. Its cryptocurrency trading tech platform adapts to your specific requirements.
It is made up of ten interconnected exchanges. It also includes instant price notifications, a portfolio manager, a break-even calculator, and customizable trading pages that enable traders to manipulate widgets to construct a preferred layout for trading, restrict ladder orders, gain fast access to market tabs, and incorporate market scanners.