Top Cryptocurrency Brokers for 2023

We found 11 online brokers that are appropriate for Trading Cryptocurrency.

Best Cryptocurrency Brokers Guide

Updated June 01, 2023

Are You Interested In Investing In Cryptocurrency?

If you are interested in investing in cryptocurrency, you will need to find the right cryptocurrency brokers to accommodate you with the best facilities to trade on the cryptocurrency markets.

Before proceeding, let's cover the real definition of cryptocurrency.

What Is Cryptocurrency?

Cryptocurrency is everywhere, as of 2023, cryptocurrency users are said to have gotten to 420 million. Cryptocurrency user growth has happened partly because of prominent individuals promoting crypto as the future and big-name companies and financial organizations investing in large numbers of crypto assets. Crypto markets and brokers have gained traction, with the net market capitalization of crypto assets in 2023 to be $1.16 Trillion, around £960 billion pounds sterling.

Everyone is talking about cryptocurrency, but what is it?

Cryptocurrencies are digital coins of sorts and are traded on exchange platforms via brokers.

In recent years, cryptocurrency has gained mass popularity and opened doors to numerous innovative tools and methods to trade, e.g., CFDs (or contracts for difference).

Defining Cryptocurrencies

As cryptocurrencies are digital or virtual currencies, these currencies are reliant on cryptography to ensure the security and verification of each digital transaction.

Cryptography can control the number of units and prevent the cryptocurrency's code change unless some conditions are met.

The Important Characteristics Of Cryptocurrencies

For some people, cryptocurrencies are the economy's saviour. Cryptocurrency assets have some advantages that not all banks or other financial institutions are willing to support crypto assets.

Here are the cryptocurrencies' unique characteristics, which you cannot find in some conventional fiat currency transactions.

No Third Party Involved In Cryptocurrency

There will not be any third parties like financial institutions, governments, or any other third-party organizations which govern the transactions between you and your recipients, and vice versa.

No third party will intervene in your crypto transaction. And it is a win-win solution with a P2P or peer-to-peer network. You can send cryptocurrencies through a P2P network, and other people's cryptocurrency holders can also send currency to you and your crypto wallet.

Cryptocurrencies Have More Transparency

The problem with conventional transactions is that one can ask for a refund, which can cause the receiver to lose funds.

As an example, if your buyer has sent you a payment and you have delivered the goods, but before the goods reach their destination. Your buyer reverses the transaction. Your result could be that you will not receive the money you are owed, and your buyer now has your funds and your goods.

You can avoid this issue with cryptocurrency transactions as these transactions are irreversible.

Not a single party can alter your transactions so that it can offer you more transparent transactions than conventional fiat currencies.

Cryptocurrencies Are Decentralized

There is no centralized place to transact at all, so you can eliminate the high rates of fees when transferring money.

The cryptocurrency is maintained through the ledger technology called the blockchain. The blockchain prevents all other entities from tarnishing the data. Not one person can alter the system, so your transactions will be safe. We will discuss blockchain next.

Blockchain Definition

Blockchain is a technology used in cryptocurrencies like Bitcoin. Blockchain technology comes in the form of a list of recorded data blocks gathered by cryptography.

The recorded data in the blockchain is called a ledger. When a new data exchange is usually a transaction, a new block is added to the ledger or the blockchain.

The blockchain or ledger contains important historical transaction information.

Cryptocurrency Wallets

The cryptocurrency wallet is a digital wallet that the users use to deposit, store, hold, send, and receive cryptocurrency or cryptocurrency.

Do not mistake it for concepts like PayPal, Payza, or other cryptocurrency systems. Crypto wallets do not serve as the storage of cryptocurrency. The wallets only store the information in public and private keys.

Meanwhile, the crypto itself is inside the blockchain. The users do not necessarily store their cryptocurrencies in their wallets. In summary, the cryptocurrencies wallet stores valuable information which you can use to access your crypto assets.

Similar to other wallets, this too facilitates storing, sending, and receiving the currency. We explain the three types of cryptocurrency wallets below:

Crypto Hardware Wallet Brokers

The hardware wallet is the most secure crypto wallet, as all the data is stored offline. A few good examples are Trezor, Keepkey, and Ledger Nano S.

Crypto Paper Wallet Brokers

A paper cryptocurrency wallet is popular and secure. However, it is not as convenient as the hardware wallet.

Crypto Software Wallet Brokers

The Software wallet is the most convenient and can be managed from a desktop or mobile phone. Some of the cryptocurrency wallets of note are Exodus, Jaxx, and Electrum.

How Do You Buy Cryptocurrency?

Cryptocurrency can be brought using an online cryptocurrency broker or exchange. You can either buy the underlying cryptocurrency asset, a cryptocurrency CFD, a cryptocurrency ETB, or Exchange Traded Note.

We explain how to buy cryptocurrencies in more detail below.

Buy Cryptocurrency Underlying Assets

Most people buying and selling cryptocurrencies use an online cryptocurrency broker or exchange. They will own any physical cryptocurrency brought and stored in a software or hardware digital wallet. Most of the best cryptocurrency brokers offer their cryptocurrency wallets for you to store cryptocurrency assets.

Trade Cryptocurrency CFDs

Some high-risk cryptocurrency traders trade cryptocurrency using CFDs. A cryptocurrency CFD is a contract with the cryptocurrency broker on a specific cryptocurrency price movement. You do not own any actual cryptocurrency with a CFD trade. If you trade cryptocurrency CFDs, you can trade cryptocurrency against the Forex prices of normal fiat currencies like the Pound, EUR, and USD.

The benefit of a cryptocurrency CFD is that you can trade with leverage. For example, if your cryptocurrency broker offers a CFD leverage of 1:10, if you deposit $500, you can trade cryptocurrencies to the value of $5000. If your cryptocurrency trade goes in your favour and the price of cryptocurrency moves up or down as your CFD said it would, you can keep the profit. If the cryptocurrency trade does not go in your favour, you may owe the broker more than your deposited amount. A cryptocurrency CFD is a short-term investment strategy as you speculate on future price movements.

Trading cryptocurrency CFDs is elevated risk and is not allowed in some countries. For example, the FCA in the UK does not allow CFD trading on cryptocurrency assets within the UK. Some more advanced traders use cryptocurrency CFDs to hedge their trades. Make sure you understand the risks.

Trade A Cryptocurrency ETN

Cryptocurrency exchange-traded notes are a high-risk trade becoming more widely traded, although they are not currently available to trade in every country. A cryptocurrency ETN is an unsecured debt security that bases its value on tracking a cryptocurrency index. Cryptocurrency ETN investors can profit from the difference between the current buy and sell market prices or wait for the cryptocurrency to mature to a set time at which it can be cashed in minus broker fees. A cryptocurrency ETN is an unsecured trade, meaning you do not own any underlying crypto assets.

Buy Cryptocurrency From ATM Machines

If you're looking to purchase cryptocurrencies in person, you may be able to find a crypto ATM nearby, depending on your location. In the UK alone, there are over 16,000 ATMs that offer a variety of popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin, Bitcoin Cash, Zcash, Tether, Monero, and Dash. The ATMs are accessible in 71 countries and accept cash or a bank debit card. Although cryptocurrency ATMs offer convenience, buying online through a regulated cryptocurrency broker is safer. It has been reported that there are some scams asking people to transfer money using these unmonitored ATMs. Stick with a highly regulated cryptocurrency broker with a very vocal large crypto community.

Trade Cryptocurrency Privately

You can buy and sell cryptocurrency privately, as cryptocurrency wallets are also in hardware form. Buying and selling crypto privately outside a regulated environment is not recommended, as you are trading your crypto assets outside a regulated, safe environment. Once you no longer have the cryptocurrency wallet, it is gone. There is no effortless way of reversing the private sale in case of foul play.

Cryptocurrency Brokers

We are in a time where physical currencies are being used less and less. Especially since the Covid lockdowns, people have not needed physical fiat currency. The virtual currency has become more convenient, and young and old traders have started to see cryptocurrency as the future. When trading cryptocurrency, it is important to trade through reputable cryptocurrency brokers.

We list some notable cryptocurrency brokers below:

eToroClick to learn more about eToro Being one of the top-rated cryptocurrency brokers eToro offers several currencies including Ethereum, Ripple, Bitcoin, and Dash.eToro benefits from a large community of experienced cryptocurrency traders that you can copy and learn from.

XTBXTB too has a good name among traders and offers a wide range of such virtual currencies including Litecoin, Ethereum and Bitcoin. XTB is placed as one of the top 5 cryptocurrency brokers in the industry and is well known for its great customer service.

IC Markets IC Markets offers crypto daily and night with good leverage for popular currencies like Litecoin, Ripple, Neo, Ethereum and Bitcoin.

What Does A Cryptocurrency Broker Do?

A crypto broker allows the buying and selling all prominent cryptocurrencies on modern mobile and desktop trading platforms that are properly regulated. Always consider buying and selling cryptocurrencies with well-regulated crypto brokers with a decent reputation and a considerable user base.

Cryptocurrency Exchanges

A Cryptocurrency exchange is a place where buyers and sellers meet to buy, sell, or trade virtual coins with the help of a couple of cryptocurrency brokers.

When you have cryptocurrency assets, you may want to sell them to other users, or you may want to buy specific cryptocurrencies. Here is where you must use a Cryptocurrency exchange marketplace or cryptocurrency broker.

The cryptocurrency exchange platform allows users to buy, sell and trade cryptocurrencies.

Some exchanges only provide crypto-to-crypto trades, but some also allow the crossover currencies so that you can trade from crypto to fiat or fiat to crypto.

There are many cryptocurrency exchanges that you can find on the internet. Some offer trades for common cryptos such as BTC, ETH, BNB, USDT, etc. But some also offer a wider array of currencies exchange.

Binance exchange is the most famous cryptocurrency exchange in the world, and it offers crypto-to-crypto trading.

Coinbase has gained significant popularity due to its extensive selection of virtual currencies available for trading, including popular options like Bitcoin, Ethereum Classic, and Litecoin, as well as hundreds of others.

LocalBitcoins, on the other hand, offers over-the-counter trading of virtual coins. Traders can post a currency for sale on their websites, mentioning the rate and payment methods.

ICO And Token

Abbreviated for initial coin offering, the ICO is a kind of fundraising for a start-up. It is done by selling underlying tokens against Ethereum or Bitcoin.

ICO is similar to an IPO in which traders buy company shares. Investors take an entry at an early stage of the project and are capable of making a profit with the company's success.

However, one basic difference between the two is that anyone from anywhere in the world can participate in the ICO.

Token, meanwhile, is a kind of cryptocurrency but represents a specific asset. It is sometimes used as loyalty points that can be redeemed against discounts. It can also represent something uncommon, like one token is 5 Bitcoins.

Cryptocurrency Mining

Just slightly different from fiat currencies, miners usually mine cryptocurrencies. So, there is a phrase to describe the activity as cryptocurrency mining.

To define cryptocurrency mining as a process in which cryptocurrency miners use powerful hardware resources, such as computers and adequate hardware, to solve mathematical problems. These complicated problems need to be solved to attain partial units of a cryptocurrency as a reward.

To make it more challenging, these mathematical problems have cryptographic hash functions linked to the block containing the transaction information.

These mathematical problems are solved with multiple miners.

So, when figuring out solutions for the problems, miners are competing with other cryptocurrency miners. It is about winning and losing. The winners will get lesser amounts of cryptocurrency.

The reward comes from the transaction fees the users pay. At least, that is how major cryptocurrencies are mined. The other factor that rewards crypto miners is the release of new cryptocurrencies and cryptocurrency splits.

Avoiding Crypto Scams

It usually gets easier to spot certain scams as cryptocurrencies age. However, traders should still be cautious. Many scammers may pose as professional services to scam unsuspecting traders and investors. The most commonly occurring crypto scams are found on:

Counterfeit Websites

Counterfeit websites often appear as crypto exchange platforms, brokers, and sometimes fake crypto gambling places. They usually draw in their victims via bonuses and freebies that normally sound too good.

Social Networking Scams

Social media profiles or accounts with apparently many followers can often disguise themselves as certified crypto service providers. Once again, they try to attract their targets by offering unbelievably large bonuses and freebies. An attempt in 2020 involved prominent Twitter accounts getting hacked and posting about crypto (Bitcoin) giveaways.

Unregulated Exchange Platforms

This is by far the most convincing scam out of all the others. Such websites pretend to offer similar, if not the same, services as other legit exchanges. However, they are devoid of the required legal standing to operate legally. Because numerous cryptocurrencies cannot be traced easily, it is a lot easier to establish a crypto exchange that does not value customer rights.

Phishing Fraud

Phishing is among the oldest virtual scams in internet history. Crypto phishing scams target an unsuspecting user's smartphone, email, and postal address. Although your data is secure with most exchange platforms and regulated brokerages, some exchanges may still experience leaks. These data leaks render users' data vulnerable to phishers.

Are Cryptocurrency Brokers Beginner-Friendly?

The best crypto brokers provide the best environment for newer users venturing into crypto markets and beginners looking to invest in cryptocurrencies like Bitcoin, Dogecoin, Litecoin, etc. Exchanging fiat money for cryptocurrencies (and vice versa) occurs between the buyer or investor and the brokerage firm.

Investing in and selling cryptocurrencies via brokers has many advantages. Users can buy and sell cryptocurrencies at price rates established by their brokers. Crypto brokers are also ideal if you want to invest in a small number of cryptocurrencies.

The Spread In Crypto Trading

The spread in cryptocurrency trading contrasts the buy and sell prices asked for a cryptocurrency. Like numerous financial markets, they will be provided two prices whenever a trader opens a position on a crypto market. If the trader wishes to open a long trading position, they have to trade at the buy price slightly above the market price. If the trader chooses to open a short position, they trade at the selling price slightly below the selling price.

What Fees Can You Expect From Brokers That Trade Cryptocurrency

If you are looking for the best broker to trade cryptocurrency, you must also consider the associated fees. Following are the types of fees to be wary of:

Trading Fees

Charges tend to vary based on the exchange and the type of trade being conducted. While traders can find platforms that do not charge trading fees, they may be required to pay 0.1 to 0.5 per cent per trade. The charges are normally lowered if traders trade high volumes. The charges can also be reduced further if the trader uses the platform's local coin.

Deposit Charges

The best cryptocurrency brokers let traders transfer funds from their bank accounts for free. Some traders charge up to 1.5 per cent, mainly when using a debit card. If the trader chooses to pay via credit card, they might be charged a minimum of 3.5 per cent, and their bank may also consider it an advance payment.

Withdrawal Charges

traders can't withdraw their virtual assets from traditional brokerages trading cryptocurrencies. Cryptocurrency brokerages normally charge their clients fees based on the currency they want to withdraw. Brokers usually have the exact charges mentioned on their websites.

Platform charges can eat away at traders' profits, particularly regular ones. The best brokers for cryptocurrencies let traders deposit, trade, and withdraw their funds at nominal costs.

Lots In Crypto Trading

cryptocurrencies are often traded in lots, batches used to standardize trade sizes. As cryptocurrencies are quite volatile, lots are usually exceedingly small. A majority are merely one unit of the base cryptocurrency. Some cryptocurrencies are still traded in greater lots, however.

Leverage In Crypto Trading

Leverage is a way of gaining exposure to vast amounts of cryptocurrency without the need to pay the full value of the trader's trade upfront. They instead put in a small deposit, called a margin. Whenever a trader closes a leveraged position, their loss or profit depends on the trade's full size.

Although leverage helps magnify profits, it also adds the risk of increased losses. These include losses that can exceed the trader's margin on a single trade. Therefore, leveraged trading makes it crucial for traders to learn how to manage risk.

Margins In Crypto Trading

Margin is an important part of leveraged trading. It pertains to a trader's initial deposit to open and maintain a leveraged position. When traders trade cryptocurrencies on margin, they must remember that their margin requirement will change based on their trader. It also changes based on how large their trade size is.

Margin is a percentage of the full trading position. For instance, trading on Bitcoin may require 15 per cent of the total value of the position to be paid for the position to be opened. Instead of depositing $10000, they only have to put in $1500.

Pips In Crypto Trading

Pips are units for measuring any movements in the prices of cryptocurrencies. They refer to a single-digit movement in the price at a particular level. Prominent cryptocurrencies are usually traded at the 'dollar' level. Moving from $180.00 to $181.00 would mean that the cryptocurrency has only moved one pip. Cryptocurrencies of lower value are traded at scales different to the usual dollar scale, i.e., a pip may then be a cent or a fraction of a single cent.

It is crucial to thoroughly review the details on your preferred trading platform to understand the price movements fully. That way, you will know how they are measured before placing a trade.

CFD Crypto Brokers

A CFD stands for contract for difference, and it may seem a bit complicated for newer traders and investors. With CFDs, no one owns any cryptocurrency coins. In contrast, two parties bet on whether the price of a coin will go up or down from the initial price at which the CFD was started. Because CFDs are permitted in OTC (or over-the-counter) markets, traders must refer to a cryptocurrency broker to participate in such contracts.

CFDs are prevalent in regions like the UK, US, and Australia; most particularly for cryptocurrencies like Bitcoin since they are costly to own. Investing in CFDs, lets traders gain involvement with that asset class without the need to come up with significant sums of cash. The revenue can also be significant if a CFD contract goes favourably for a trader. However, the opposite of that is also possible. Because of that, CFDs are only best suited for seasoned traders.

Signing Up With A Crypto Brokerage

Signing up with a brokerage can only be carried out legally, granted you reside in a country where cryptocurrency is regulated. You can set up an account if you meet the legal age for investment in that jurisdiction. Both requirements must be fulfilled once you have set up the account.

Top crypto brokers usually let traders set up accounts in minutes. To create an account, you are required to come up with a unique username and password. After that, the broker will require personal information, i.e., your full name, residence address, title, date of birth, and phone number. After creating your account, you will also have to verify your name, age, and address.

Before opening your account, you must answer security questions and create account limits. To verify your details, all the top cryptocurrency brokers must fulfil the KYC (or know your customer) requirement process before letting anyone invest. Verifying details should be fairly easy if the broker you choose is reputable. You can consider emailing the broker's support team your information to verify it. You may also submit your address via a utility bill or bank statement.

Before you buy any cryptocurrency coins, ensure you have sufficient funds in your user account accessible to let the transaction value go through. Consequently, you must choose one of the funding options to deposit funds before trading. Most brokers have a vast range of payment options, including debit/credit cards, digital wallets, Skrill, bank transfers, and many others. It is up to the trader what method they choose; however, the deposit amount has to meet the minimum required at your preferred website.

Your first trade must be completed via fiat currency, e.g., GBP, USD, AUD, etc. Besides that, you can also choose to trade crypto pairs, i.e., where you buy one cryptocurrency through another. An example of this is BTC/ETH, which involves the purchase of Ethereum via Bitcoin.

Following that, take some time to plan your investment objectives, i.e., how much you can invest and whether you think the coin you plan to invest in is worth it. It is easy to get distracted by substantial short-term gains when dealing in the cryptocurrency market. Note that coins with recognized value and long-term progression are always a better investment choice than newer ones. Examples of such crypto coins include Bitcoin, Cardano, Solana, Litecoin, etc.

Advantages Of Trading And Investing In Crypto

Investing and trading in crypto, despite its risks, also comes with its advantages. Also, note that the advantages of cryptocurrencies will significantly increase as they evolve into a more common payment type. Following are the advantages of dealing in crypto

Lower Transaction Fees

Due to the removal of intermediaries such as financial corporations, the transaction fees for cryptocurrencies are generally fairly low.

Increased Security

The evolution of technology generally leads to increased intrusion into an individual's privacy by numerous means. On the other hand, all transactions and personal data are tightly secured in the crypto environment. Note that although most crypto transactions may be secure, you may still be prone to cyber-attacks such as hacking.

Decentralization

The absence of a central authority or exchange monitoring cryptocurrencies is among their best characteristics. Numerous individuals see this as one of blockchain technology's and crypto's greatest perks.

High Returns

Traders only need to refer to a long-term price chart of cryptocurrencies like Bitcoin to know the returns they can gain by wisely investing in crypto. The cryptocurrency space is still evolving and developing. Hence investing in a promising cryptocurrency could lead to substantial future returns.

Disadvantages Of Trading And Investing In Crypto

Besides its perks, dealing in cryptocurrencies can also often bring about a noticeable risk, given the volatile nature of Bitcoin and other cryptocurrencies. The following are the drawbacks of dealing with cryptocurrency.

Adoption

Since cryptocurrencies have not yet become common, most businesses prefer not to accept them as a reliable form of payment for services and products. This predicament may see a change eventually as public opinion makes crypto more acceptable as a reliable payment option. For instance, PayPal has allowed clients to hold Bitcoin without difficulty.

Volatility Risks

The volatility found in some cryptocurrencies is susceptible to substantial gains or substantial losses. Investing in and trading in crypto is unsuitable for everyone, particularly those with a lower risk appetite.

Tax Involvement

HMRC, The IRS (or the Internal Revenue Service) and other Tax authorities have declared crypto transactions taxable by law, much like other transactions. Crypto asset tax implications may be discouraging for some.

Fraudulent Activity

Since crypto transactions normally offer identity security, numerous individuals familiar with illegal activities may use cryptocurrency for their benefit. Such activities may involve transactions on the 'dark web', money laundering, human trafficking, and drug smuggling.

Are Brokers Necessary For Trading Cryptocurrencies

Crypto trading brokers are intermediaries between the individual buying the cryptocurrency and the person selling it. Brokers also often buy large batches of cryptocurrencies to sell on their platforms, becoming direct vendors. Most often, however, cryptocurrency brokers are referred to as intermediaries. Traders place their orders through their chosen brokers. After buying the cryptocurrency, the brokers place their orders on the cryptocurrency platform.

Since cryptocurrencies are decentralized, it means traders will not necessarily need a broker to be able to trade a currency. Traders can trade cryptocurrencies with just about anyone without any fees, centralized exchanges, and mediators. It depends on whether the trader wants to work with a crypto broker or alone.

How Do Crypto Brokers Earn Their Revenue?

Crypto brokers earn revenue through commissions and fees on traders' transactions. Crypto is fairly new, letting brokers charge loftier fees than they would for non-crypto-related products.

All things considered, crypto is known for its volatility; but it can also be profitable. When traders look for the best brokers for cryptocurrency, they must choose a transparent broker with nothing suspicious to hide. Checking platform reviews are extremely helpful for selecting the right broker.

The Difference Between A Broker And A Crypto Exchange

With crypto exchanges, traders or investors usually invest in the cryptocurrency coins they want and own completely. Brokers, conversely, pose as mediators for traders or investors to bet and speculate on the price movements of cryptocurrencies. The best crypto brokers normally undergo more stringent scrutiny as well as regulation. Strict regulation is because they also provide derivatives and fiat trading products. Crypto exchange platforms, in contrast, are still not as regulated.

Is Crypto Trading Legal?

Cryptocurrency is banned or unlawful to invest in, own, or trade in some jurisdictions. At the same time, in other nations, it is completely legal. For instance, investing in crypto from regulated brokers in the UK and the US is completely legal. However, CFDs are still considered illegal to deal in, in both countries. The ban on Bitcoin CFDs in the UK was effective on the 6th of January 2021.

Cryptocurrency Brokers Verdict

Currently, it is not an exaggeration to say that cryptocurrency is the most volatile asset class you can find.

It is because it comes with a high speculative market, not to mention that it currently disrupts the conventional economy, so many established players do not see it as having inherent value.

Therefore, cryptocurrency should be considered a high-risk investment as the price is very volatile. Cryptocurrencies are becoming more mainstream each month, and it seems inevitable that cryptocurrencies will be used in addition to fiat currencies if not replaced one day.

We have conducted extensive research and analysis on over multiple data points on Cryptocurrency Brokers to present you with a comprehensive guide that can help you find the most suitable Cryptocurrency Brokers. Below is a list of what we consider to be the best cryptocurrency brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Cryptocurrency Brokers.

Reputable Cryptocurrency Brokers Checklist

Selecting a reliable and reputable online Cryptocurrency trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Cryptocurrency more confidently.

Selecting the right online Cryptocurrency trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Cryptocurrency Brokers in Our Brokerage Comparison Table

When choosing a broker for cryptocurrency trading, it's essential to compare the different options available to you. Our cryptocurrency brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a cryptocurrency broker that best suits your needs and preferences for cryptocurrency. Our cryptocurrency broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Cryptocurrency Brokers of 2023 compared

Here are the top Cryptocurrency Brokers.

Compare cryptocurrency brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a cryptocurrency broker, it's crucial to compare several factors to choose the right one for your cryptocurrency needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are cryptocurrency brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more cryptocurrency brokers that accept cryptocurrency clients.

Broker IC Markets Pepperstone AvaTrade XTB eToro EasyMarkets SpreadEx FXPro Plus500 Admiral Trade.com
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC)
Min Deposit 200 200 100 No minimum deposit 50 100 1 100 100 200 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 400,000+ 300,000+ 581,000+ 30,000,000+ 142,500+ 10,000+ 1,866,000+ 24,000,000+ 10,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Mini account
  • Standard account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
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etoro
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tradecom
Risk Warning Losses can exceed deposits 74-89 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 77% of retail investor accounts lose money when trading CFDs with this provider. Your capital is at risk Losses can exceed deposits 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Losses can exceed deposits Your capital is at risk
Demo IC Markets
Demo
Pepperstone
Demo
AvaTrade
Demo
XTB
Demo
eToro
Demo
easyMarkets
Demo
SpreadEx
Demo
FxPro
Demo
Plus500
Demo
Admiral Markets
Demo
Trade.com
Demo
Excluded Countries US, IR, CA, NZ, JP AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW BE, BR, KP, NZ, TR, US, CA, SG US, IN, PK, BD, NG , ID, BE, AU ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO US, CA, JP, SG, MY, JM, IR, TR AU, BE, CA, CN, Crimea region, CY, CU, of CG, ER, HK, GW, IQ, IR, JP, IL, LY, NZ, CY, KR, PR, SG, SO, SD, SYn Arab, TR, US, VI, US


All Cryptocurrency brokers in more detail

You can compare Cryptocurrency Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Cryptocurrency Brokers for 2023 article further below. You can see it now by clicking here

We have listed top Cryptocurrency brokers below.

Cryptocurrency Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 581000+ traders. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
eToro
(4/5)
Min deposit : 50
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ traders. 77% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 24000000+ traders. 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs.


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651)
Admiral
(3/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Trade.com
(3/5)
Min deposit : 1
Trade.com was established in 2009 and is used by over 10000+ traders. Your capital is at risk Trade.com offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)

Learn more Learn more about IC Markets.
Losses can exceed deposits
TRADE NOW Try IC Markets today
Losses can exceed deposits