We found 11 online brokers that are appropriate for Trading Cryptocurrency.
Proper homework is required before dealing in cryptocurrency— the digital currency of the modern era. In this article, titled 'Major Cryptocurrency Terms', we will have a look at some of the industry standard words which are frequently used while trading the currency.
In cryptocurrency, the 'address' is referred to as the destination where the currency is sent, or from whence it is received. It is comparable to a bank account, having a combination of letters and numbers.
This is the name of a cryptocurrency similar to the famous 'bitcoin'. It is also referred to as an 'alternative protocol asset'.
Taking advantage of the difference in prices within two exchanges is called, 'arbitrage'. Suppose a currency is being sold on one exchange at 7,000 pounds and on another at 8,000 pounds, a trader can buy from the first and sell to the second to earn 1,000 pounds.
This stands for 'All-Time High', and is helpful in tracking the cryptocurrency markets. As the digital currencies are highly volatile, considering the ATH can prove invaluable.
A 'bear' is the assumption that the value of an asset will fall. It is said that an asset is 'bearish' if a trader believes the price of a currency will decrease. Under such situations, many take short positions and sell.
Most of the cryptocurrencies use 'blocks' that contain transactions.
This is a ledger system of cryptocurrency containing a series of 'blocks' of verified transactions. It is decentralized and immutable as well. 'Blockchain' is one of the major cryptocurrency terms.
A 'bull' is when one believes that an asset will see a rise in price. If it is expected that the future of an asset will rise, it is deemed, 'bullish'.
If a transaction is completed and the network nodes agree, it is said that the currency has reached 'consensus'.
The encoding and decoding process of information is called 'cryptography'.
It is an abbreviation for a 'Distributed Denial of Service' attack. It happens when several parties work together and overwhelm the processing system with malicious data. The marketplace can be crippled with such attacks.
This is an information recording system that is spread, or distributed, across devices.
Escrow is when a third-party holds financial resources that work on the behalf of either of two parties, in case they fail to trust each other in a transaction.
Currencies which are minted by a central bank and have monetary value are called, 'fiat currencies'.
Exchanges are marketplaces where cryptocurrencies can be traded.
This is the abbreviation for 'Fear of Missing Out'. Many investors get caught up in it. They believe that the price may rise, but then fall victim after the prices drop. This is one of the important major cryptocurrency terms to note.
It is a change in the protocol, or rules, of a digital currency. It can be either a hard fork or soft fork.
FUD is an abbreviation for 'Fear, Uncertainty, and Doubt'. Market participants sometimes spread inaccurate or misleading information to cause a drop in the price of assets in order to buy at a lower price.
This is an abbreviation for 'Hold on for Dear Life'. When the market turns very volatile, some prefer to HODL, 'hold' in other words.
This is similar to an initial public offering (IPO). When a coin is offered for the first time, it is called an 'ICO'.
KYC is an acronym for 'Know Your Customer', under which the account holder needs to submit identity documents.
Short for 'market capitalization'. It means the same thing as 'total market value'.
'Mining' is creating new units of cryptocurrency. It requires computer hardware, electricity, and 'miners'.
When there is a sharp rise in value, it is said that the currency 'moons'.
It is a word used for 'newcomers' in the industry.
POW is an abbreviation for 'Proof of Work'. It is a system of verifying transactions.
This is a piece of information in the form of numbers and letters that are used to access currency.
A 'public key' is an address where currencies are received at the investor's end.
This is a slang word for 'wrecked'— addressing a trader who has lost a significant amount.
Return on Investment.
A unit of digital currency.
'White Paper' is a document, released by the developers of the currencies, offering comprehensive information, or the FAQs, about the currency.
Those who are seeking to invest in cryptocurrency need to keep in mind the above-mentioned industry terms as these will be hugely beneficial to them.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
We have conducted extensive research and analysis on over multiple data points on Major Cryptocurrency Terms to present you with a comprehensive guide that can help you find the most suitable Major Cryptocurrency Terms. Below we shortlist what we think are the best Cryptocurrency after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Major Cryptocurrency Terms.
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.
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.
Here are the top Cryptocurrency.
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. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Cryptocurrency that accept Cryptocurrency clients.
Do not invest unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | 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) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | 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, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 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 |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | 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 |
You can compare Cryptocurrency 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 for 2024 article further below. You can see it now by clicking here
We have listed top Cryptocurrency below.
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. 76% 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.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
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.