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.
We've collected thousands of datapoints and written a guide to help you find the best Major Cryptocurrency Terms for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Cryptocurrency below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Cryptocurrency trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Cryptocurrency.
Compare Cryptocurrency min deposits, regulation, headquarters, benefits, funding methods and fees 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
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eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | 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 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. | Losses can exceed deposits | 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. | 76.4% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
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 2021 article further below. You can see it now by clicking here
We have listed top Cryptocurrency below.