33 rows · Bitcoin Deposit Forex Brokers. List of Brokers who offer Bitcoin Trading; List of Forex . Nov 01, · Rated #1 out of 40+ tested brokers. Plus 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). While managing your assets from a competitive Bitcoin trading platform remains essential, there are several other factors to consider when evaluating a broker to ensure you deposit your capital into a safe, secure, and transparent environment.
Bitcoin deposit brokerBest 10 Cryptocurrency Brokers (Safe & Legit Brokers)
To begin purchasing or trading Bitcoin you will first need to create an account and answer a brief questionnaire about your trading knowledge and finances before you can deposit.
Once you complete registration, you will be prompted to top up your account by credit card or wire transfer. On WCX, traders can trade over markets with up to x leverage and access several advanced trading features including take profit and stop-loss options. Unlike some of the other options on this list, WCX is a bitcoin-funded derivatives trading platform , it is not a cryptocurrency exchange.
Beyond this, WCX is one of just a handful of Bitcoin brokers to offer full insurance over user funds , providing a sense of security that is rarely matched.
As of writing, WCX does not have a dedicated mobile app, but the website is mobile-optimized, ensuring it can be easily used via any mobile web browser. Trading on WCX first requires you to create an account by providing your name, email address, and a password.
That said, it does feature an extensive range of alternative financial instruments available to trade, including forex, precious metals, commodities, and equities.
Thanks to its expansive selection of available assets, SimpleFX best suits those looking to develop a diverse investment portfolio , taking advantage of several different asset types. SimpleFX is also one of the few trading platforms to offer up to x leverage for some financial instruments, however, this is limited to 5x leverage for Bitcoin trades. The exchange can also be accessed via its native Android and iOS mobile apps. These have an extremely simple user interface making it easy to trade on the go.
Registering an account on SimpleFX is a simple process requiring just an email address and password. Depending on which financial assets you want to trade, you may need to complete KYC before you can deposit. Operated by Rodeler Limited and authorized and regulated by the Cyprus Securities and Exchange Commission, 24Option is a highly reputed forex, CFD and cryptocurrency broker that has been around since Despite being one of the lesser-known Bitcoin brokers, 24Option provides a well-featured service that is suitable for both less experienced and expert traders.
That being said, 24Option does charge an inactivity fee if there are no trades for more than 2 months, plus a 10 EUR monthly maintenance fee. Supported cryptocurrencies include Bitcoin, Litecoin, Ethereum, and Ripple. The platform also supports a large range of deposit options and features an extremely user-friendly trading interface, while its mobile app makes it easily accessible on the go. Although there are many legitimate Bitcoin brokers out there, you might also stumble upon one that can cost you a lot of time and money due to their poor service.
Hence, to avoid that problem, keep the following factors in mind when choosing a Bitcoin broker. Making use of a Bitcoin broker vs a traditional Bitcoin exchange comes with many advantages for investors.
Although Bitcoin brokers are superior to cryptocurrency exchanges in some aspects, they certainly do not win in all of them. Regrettably, the industry especially in relation to little-known coins is quite rife with scams and fraud, as criminals seek to profit from the increasing popularity, especially among new retail traders who often follow the social media hype without conducting due diligence.
The risk of hacking of cryptocurrency exchanges and loss of assets persists, and while frequency decreased, the threat endures. Safe storage and security of private keys remain additional risks and challenges.
This is one reason many Forex and CFD brokers do not offer physical transactions of assets while relying on derivative contracts. High volatility also adds a significant trading risk. We reviewed over Bitcoin brokers based on eleven criteria. Each research consists of over 2, words and lasted more than ten hours. Over brokers were reviewed in-depth and from a trader's perspective, ignoring the marketing tactics deployed by some to confuse retail traders.
Therefore, we sourced the list of our Best Bitcoin Brokers from more than , words of dedicated research compiled over 1, hours, ensuring the most comprehensive approach to identify the Best Bitcoin Brokers. It depends on your geographic location and trading preferences. Yes, a growing number of brokers offer Bitcoin, but usually as a derivative contract. Some also support Bitcoin auto trading as an option. A Bitcoin broker allows investors and traders to transact in Bitcoin and underlying derivative contracts.
There are Bitcoin brokers who developed a dedicated Bitcoin trading app to support trading it. The best Forex broker to trade Bitcoin depends, once again, on your needs and preferences.
All five that made our Best Bitcoin Brokers list are competitive choices worth considering. The fees vary across brokers and exchanges but can include spreads, commission, and a network fee if you purchase the physical asset. Deposit and currency conversion costs may also apply. It is a complicated practice of trial and error, but cryptocurrency wallets do the math for you. Miners need to verify each transaction, and they seek the highest reward. Each block has a limited size, and for the inclusion of yours into the next block, you must pay a fee.
Usually, the calculation is in Satoshi per byte. For example, if your transaction is 10, bytes and the current cost on the Bitcoin blockchain is 12 Satoshi per byte, you will have to pay , Satoshi.
As the Bitcoin trading price increases, so do the fees in fiat currency value. There is plenty of competition, a growing number of transactions, which significantly outstrip the supply of miners. Scaling has become a distinct issue with cryptocurrencies. Each broker provides its regulatory information at the bottom of the homepage.
You can then check it against the database of the regulator and verify. Best Bitcoin Brokers. Top Rated. Best Overall 9. Trading Platform. Excellent educational offerings. Great 9. Markets Review. Highly regulated, choice of fixed or floating spreads. AvaTrade Review. Global bitcoin exchange is ideal for crypto traders. Very Good 9. Coinbase Review. Plus Review. Bitcoin Industry Overview Bitcoin officially launched in but was a pure retail phenomenon for many years until when its price began to increase exponentially.
Bitcoin Trading Regulation As with all assets, regulation varies by jurisdiction, and in the case of Bitcoin and other digital assets, it may differ between regions within the same country if there is some kind of federalized political system. What to Look for in a Bitcoin Broker? Here are some attributes each Bitcoin broker must excel at: Regulation: Always make sure that you trade with a regulated broker. Traders must avoid trading with an unregulated broker, irrelevant of how attractive an offer may be.
Reputation: Regulation is not all that traders should rely on, as reputation is equally important. A Bitcoin broker that enjoys the trust of a growing number of traders and has been operational for over a decade points to a secure trading environment. Price: While the price of Bitcoin may appear the same across all exchanges, you must look at the difference between the bid and the ask price, known as the spread.
It is how brokers earn their revenues, and there can be vast differences in the mark-up, which will directly impact your profitability.
Select a broker with tight spreads so you can earn more from each trade. Market makers with commission-free trading usually cover the difference with a notably higher mark-up. Payment Charges: Most brokers waive deposit fees, but some apply internal withdrawal charges.
Also, check the costs of your payment processor , as most payment options carry costs. Depending on your preference and circumstances, you may want to make sure your broker supports your payment processor. You may also face currency conversion charges if you transact in a currency that differs from your account base currency.
Customer Support: You never know when something unexpected occurs, and trading with a Bitcoin broker that offers swift access to customer support can assist. Otherwise, it will be less beneficial than you may need it to be. The MT4 and MT5 trading platforms require upgrades, available at a cost, to achieve improved usability for trading Bitcoin. Some brokers offer them free of charge, while others have developed a proprietary trading platform. Do not be afraid to test them all as demo accounts to see the differences and find the one that suits you the most.
The team of this company is located in Hong Kong, though it is registered on the Seychelles. All the trading pairs can be found lower next to multiple charts which can be helpful for traders. Being one of the popular Bitcoin brokers with low fees, the last one is considered to be a difference between the taker and maker fees.
There are no deposit and withdrawal fees too. Users of the platform will appreciate the Trade dashboard as well as over 50 different indicators to come in handy to them. There are 11 contracts offered and each of them is described in the smallest details for user comfort. The broker website can be accessed from the web or mobile app developed for this purpose. It aims as traders of Asian countries predominantly, but the platform is being translated in several languages including not only English, Japanese, Chinese, Korean but also Russian, Turkish, Vietnamese and Portuguese to increase the number of users from other countries.
Both experts and newbies can access this trading platform since in addition to multiple professional tools and indicators, there is a demo mode to learn trading. Despite not taking trading fees, there are funding fees for open positions taking place within equal intervals of time — every 8 hours.
One more way of earnings for a broker is a spread, the difference between the bid and ask prices. Originally, it was the only way of trading, but now users can choose between a spread and a fee for every position opened. Withdrawals are free but require ID verification. The broker supports trades of 9 crypto pairs in the form of perpetual contracts. It has added several new features since the release too. In addition to a Stop Loss feature and advanced charting, the trading service also offers simple charting, intuitive interface which gets responsive on mobile devices, trade confirmation feature that offers to learn the details of the trading position, etc.
One more great feature is two different margin allocation modes including Isolated Margin or Cross Margin for better risk management of traders. In addition to earning on trading, there is an affiliate program rewarding users who attract new traders.
If there are any questions, a trader can turn to live chat support pressing the button at the bottom on the right, while more email alerts will provide explanations about your account when it requires special attention. DeriBit is a broker platform to trade Bitcoin and Ethereum options and futures operating since It features an ultra-fast trade matching engine with less than 1MS Latency. Other important features of this broker are real-time auditing, liquidation, and risk management.
The broker operates a maker-taker fee model. The fee is calculated as a percentage of the underlying asset of the contract. Deposits are free and require only 1 confirmation on the network. Withdrawals can be instant or take some time to be completed, there is also a small fee which depends on the current state of the Bitcoin network. Fiat currencies are not supported while both deposits and withdrawals are processed only in Bitcoin.
Nowadays, users of over countries trade on the platform. The broker offers 10BTC of virtual funds for every trader to try the platform in a demo version. To start trading it is enough to register an account and make a deposit. Bit Seven is a broker that offers a high profit with low investment. This is a Bitcoin platform which offers leverage for Bitcoin, Ethereum, Litecoin, and Ripple trading. Over 1. To register on the platform, it is enough to provide a name and an email as well as a mobile phone to set the 2-factor authentication.
The next step is to fund an account sending Bitcoin to it — other payment methods are not supported. Since the platform supports three more coins, it is possible to exchange Bitcoin for any of them after depositing.
The same should be done to withdraw earnings received, there is also a network fee of 0. The maximum daily withdrawal is 10 BTC. It is also possible to set auto-sell rules to maximize profit and minimize losses. To exchange coins it is necessary to pay a flat fee of 0. Trading fees depend on the coin chosen: 0.
Since the number of Bitcoin brokers is growing incessantly, it is important to understand how to choose the best platform for trading cryptocurrency. One of the first factors evaluated by traders nowadays is fees, of course, but it is not the only thing to consider selecting a broker. Therefore several more features to pay attention to. There are countries where crypto trading is prohibited or restricted because of some reasons, that is why it is important to check if a broker is eligible to operate in the country you live in.
It is important to ensure that there is enough order book volume and traders to satisfy your orders before registering on the website. A transparent broker platform will audit information regularly and provide information about its cold storage regularly.
Not all payment methods used for depositing money are suitable for withdrawal too. Moreover, each platform has its daily limits both on depositing and withdrawals. The last ones can be also paid additionally. Every crypto holder demands improved security level to store the assets, so the cold storage supported by BitFinex is a great idea. There are brokers who limit leverages because of the volatile nature of cryptocurrency.
However, it is important to remember that too much is not good too.