Regulated Bitcoin Option Brokers Trade Crypto Currency Safely

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
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  • Binomo
    Binomo

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Contents

Bitcoin Binary Option Brokers

Broker BTC Funding Minimum Deposit Max Return Total Assets Option Types Demo Account Jurisdiction Support Broker Site
No $10 95%* 500+
  • High/Low
  • One Touch
  • Dynamic
  • American
  • CFDs
Yes Global Email
Live Chat
24/7 Live Chat
Signup
Yes 0.025 BTC 90% 60
  • Forex CFD
  • 60 Second
  • One Touch
  • Ladder
Yes Seychelles Skype
Email
24/7 Live Chat
Signup

Are you looking to trade Bitcoin Options? Are you interested in finding a Crypto Options broker that will take Bitcoin deposits as well as pay you in Bitcoin?

These are some questions that we at the Trading Club get quite often from prospective members.

They are drawn to the allure of trading the crypto currency and handling their transactions safely and securely.

This is why we have decided to take a look at the current Binary Options landscape and locate the most reliable Crypto Options brokers.

In the below table, we have a number of Bitcoin Options brokers who are able to provide either Bitcoin as a tradable asset or a means to fund your account.

Why Bitcoin Options?

There are numerous reasons why people would want to trade Bitcoin Binary Options. One of the most obvious is the return that a trader can generate when trading the crypto currency.

As most Binary Options traders can tell you, there are a number of factors that impact on the price of a binary option. One of the biggest drivers of this is the volatility in the underlying asset.

Indeed, the more volatile the asset, the price swings in and out of the money and hence the more chance there is that the trader can make an outsized return on a trade.

For those who follow Bitcoin, they know how volatile it can be. From spiking above the price of gold in February 2020, to falling over $300 in the same day, it really is quite unique.

Although there are countless cases for making an investment in Bitcoin, this volatility is most beneficial to the trader. Taking an option with a relatively short time frame and close to the strike could yield tremendous gains.

Why are Bitcoins so Volatile?

Taking a look at the image below of the 30 day realised volatility of Bitcoin compared to that of the EUR/USD pair gives you a slight indication of just how volatile the crypto-currency is. In fact, there have been a number of occasions when it has breached the 15% standard deviation level.

Bitcoin is a volatile currency for a number of reasons. The first and most important is its status as a “safe haven” asset. Similar to gold, it swings wildly given any macroeconomic uncertainty. It is also seen as a dollar hedge. It is for this reason that Bitcoin will move excessively in times of macroeconomic instability.

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  • Binomo
    Binomo

    Only For Experienced Traders!

Bitcoin is also a currency that is heavily traded by citizens of countries with strict exchange controls. Chief amoung these is China. China accounts for slightly more than 90% of the Bitcoin trading volume. Hence, Bitcoin is often tied to any movements that impact on the Chinese market such as announcements about Yuan restrictions etc.

Bitcoin is also volatile because of the limited supply of Bitcoin. Currently, the global supply of Bitcoin is approximately $20 billion. Compare this to the global supply of a currency like the US dollar of $3.8 trillion one can see that it is still minute. Moreover, no government or institution can impact on the total supply of Bitcoin on the market. This is because of reasons giving below. Due to this limited supply, Bitcoin is heavily driven by imbalances in supply and demand.

Funding an account with Bitcoin

Another benefit of Bitcoin is that you can choose to fund your Binary Option account with it. In fact, an increasing number of consumers and online retailers have decided to offer Bitcoin as a method of payment. This is due to a few factors.

Firstly, transacting with Bitcoin is relatively cheap compared to traditional payment processors. This is because there is no middle man or financial institution. Money is sent directly to the wallet of the seller. Another reason why Bitcoin is a favourable purchasing method is the relative security of the transaction. All of the transactions are recorded in the Blockchain and are hence public record.

For traders who want to fund their accounts with Bitcoin, it could also allow for a certain degree of anonymity. Given that defrauding a Bitcoin transaction can’t be done, brokers will not require a client to provide their identification documents. The client can therefore feel safe knowing that they will not have to hand over sensitive information.

Of course, this depends on the type of broker. Many brokers prefer to Know their Clients (KYC) as it is usually required for compliance reasons. In a similar fashion, if you were able to fund your account in Bitcoin, some may want to withdraw their funds in Bitcoin.

As is the case with funding, the transaction is usually quite effortless, fast, cheap and is recorded in the public blockchain.

What is a CryptoCurrency?

For those of you who are new to crypto currency, a limited introduction to the fundamentals underpinning a crypto currency such as Bitcoin is required. Quite simply, a crypto currency is a cryptographically signed record of a transaction in a public ledger. In the case of Bitcoin, the public ledger is called the “blockchain” and it contains all the records of Bitcoin transactions going back to the beginning of time.

In essence, this means that Bitcoin is not even a physical asset nor digital asset for that matter. It is a record of a transfer of value or transaction. Technically what is happening when you are sending some Bitcoin, the transaction is being broadcast to the Bitcoin network and being placed on the blockchain. In order for the transaction to be authenticated, it has to be digitally signed by computers on the network called “miners”.

Solving these transaction chains require the miners cracking mathematical functions or “proofs of work”. Once they have solved the mathematical function, they are rewarded with Bitcoin. Once your transaction has been logged onto the blockchain and authenticated, it remains there for eternity.

The real genius of Bitcoin is the security and money supply of the system. Given that all transactions are linked via the blockchain, no one can “fake” a transaction as it would be immediately void. Similarly, the difficulty of solving a Bitcoin transaction or “hash function” increases steadily with time. This implies that it becomes harder and harder to produce Bitcoin and hence limits supply.

It is for this reason that many people see it as a favourable alternative to Fiat currency. There is no central bank issuing authority and there is no bank required as an intermediary. Individuals can transact in a decentralised manner across the globe with relative ease.

What are Altcoins?

When it comes to crypto options and other cryptocurrencies, Bitcoin is usually the first coin that comes to mind. Yet, there are a range of other cryptocurrencies that either compete with or complement Bitcoin. These are called “Altcoins” or Alternative coins. They have grown in earnest over the past 4 years as more people have seen the success of Bticoin can have attempted to replicate it.

Some of these Altcoins are even decedents of Bitcoin that came via something called a hardfork. This is a technical term for a split the blockchain of a particular cryptocurrency. Currently, there are at least 5 different forks from Bitcoin that are Altcoins. Yet, these are a mere fraction of all the Altcoins that are available to trade.

There are hundreds of different crytpocurrencies that the option trader can trade and many more that are available only as a physical purchase. Below we will go over a list of some of the most well-known and traded Altcoins on the market.

Ethereum

One of the most notable and well known Altcoins is Ethereuem (Ether). This was a completely new cryptocurrency that was created in via an initial coin raise back in 2020 by the Ethereum foundation. Although Ethereuem was a cryptocurrency, it was fundamentally different from Bitcoin in a number of ways. It was developed not just to be a decentralised crytpocurrency but was developed in order to facilitate the creation of decentralised applications. These “Dapps” are built on the Ethereum blockchain and are run on this amorphous ethereum “virtual machine”. This is also the manner in which most of the new blockchain start-ups are raising funding these days through Initial Coin Offerings (ICOs). Ethereuem is a really volatile altcoin and has climbed by over 700% this year already. Most crypto option brokers will offer Ethereum as an asset to trade.

Bitcoin Cash

Bitcoin cash was one of those crypto assets that came about because of a split in the Bitcoin blockchain. The Bitcoin cash developers decided to split from the main chain because of disagreement among the participants about the best way to scale the Bitcoin network. The “core” developer team behind Bitcoin thought that the size of the Blockchain “blocks” were not to be increased. This was creating issues with really low transaction speeds. Therefore, another group of developers decided to “hardfork” from the current Bitcoin chain and create a cryptocurrency that had a blocksize limit that was 8 times greater than Bitcoin. The result of that was the creation of Bitcoin cash.

Ripple

Ripple is an interesting crypto token as it is not fully decentralised. Yet, it is one of the only cryptocurrencies that has a full use case and is currently being used by a number of banks all over the world. Ripple wants to change the way we send money overseas thanks to the help of its Ripple protocol and ledger. Banks will use the Ripple tokens as a means to send money from one corner of the world to another in a relatively short period of time. The goal of Ripple is to usurp the Swift banking confirmation system. Ripple trades under XRP and has had a great deal of press lately.

Litecoin:

Litecoin has often been called the “silver” to Bitcoin’s gold. This is because it is similar to Bitcoin in many respects but differs in the way it implements transactions. Also, the hashing algorithms that are used by Litecoin are that much less resistant to conglomerate mining operations from using their specialised equipment to out mine normal users. Litecoin can still be mined by those people who have home mining operations.

Monero:

Monero is an interesting cryptocurrency asset as it uses revolutionary cryptographic technology to keep transactions on the network completely private. Many people are under the impression that Bitcoin transctions are private which is not entirely true. Important information of the transaction can be seen on the Blockchain (which is stored forever). Monero uses technology that is able to obfuscate information about the transaction including address and amount. Monero has also had an amazing run over the past two years since it was forked. It has increased by up to 100x.

Another Crypto option that has garnered impressive growth and is currently in the top 5 of all cryptocurrencies is Dash. It also has in built mixing characteristics which means that the transactions are semi hidden. This means it is hence also quite private. Dash also has a payment protocol that was built into it called “InstantX” which is able to facilitate payments in under 4 seconds. This compares to the sometimes 10 minutes or more that it currently takes on the Bitcoin network. The Dash coin is also used by many merchants around the world for these purposes.

Irrespective of the crypto option that you decide to trade, you should make certain that you have understand the fundamentals and technicals of said cryptocurrency. Crypto options can be traded with many of the technical indicators that are used in the Forex and Equity markets. Hence, charting strategies such as the MACD Strategy or candlestick indicators can be used with great effect in these markets.

You also have to be aware of the fundamental factors which will impact the crypto options in a particular market. For example, news around partnership announcements or potential adoption by an established company will impact on the price of the coin. Moreover, you have the constant sagas that arise when the crytocurrency goes through a hardfork. There is always constant volatility around these events.

Whatever strategy you choose to trade cryptocurrency options, be sure to use effective money management strategies. Remember, these are lucrative yet risky markets and you should never get carried away when things are not going your way.

Top 10 Online Brokers for Bitcoin Trading 2020

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  • World’s Leading Social Trading Platform
  • Proven Track Record of Security
  • Unlimited Daily Withdrawals
  • Min. Deposit of 200 to Get Started
  • Instant Trade Execution

Pepperstone has won numerous industry awards for innovation and excellence in CFD Brokerage. Pepperstone is an Australian-based online ECN forex broker with some of the industries lowest spreads.

  • Award Winning CFD Broker
  • No Deposit or Withdrawal Fees
  • Fee-Free Funding Options
  • Razor Spreads from 0.0 pips

easyMarkets was formed by bankers and Forex experts and has been serving the forex market for 18 years, with transparent pricing, fixed spreads and no commissions on deposits or withdrawals.

  • Demo Account is Unlimited
  • Trade Bitcoin With No Slippage – Ever!
  • No Commissions or Sneaky Fees

T&C’s apply to each of the offers above, click “Visit Site” for more details.

Risk Warning: Users should be aware that all investment markets carry inherent risks, and past performance does not assure future results. Trading of any kind is a high-risk activity, and you could lose more than you initially deposited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-89% of retail investor accounts lose money when trading CFDs. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser Disclosure: TopBrokers.Trade is an independent professional comparison site funded by referral fees. The compensation TopBrokers.Trade receives is derived from the companies and advertisements featured on the site. Due to this compensation, we can provide our users with a free comparison tool. Unfortunately we are unable to list every broker or exchange available, however, we do our best to review as many as possible.

The pioneer of Social Trading is now offering an exclusive opportunity for investors who want exposure to the most popular cryptocurrencies like Bitcoin, Dash, Ethereum and more. Trade crypto 24/7 at eToro with no rollover fees!

Pepperstone has won numerous industry awards for innovation and excellence in CFD Brokerage. Pepperstone is an Australian-based online ECN forex broker with some of the industries lowest spreads.

easyMarkets was formed by bankers and Forex experts and has been serving the forex market for 18 years, with transparent pricing, fixed spreads and no commissions on deposits or withdrawals.

How to Get Started in Bitcoin Trading

One of the foremost cryptocurrencies out there is Bitcoin, which was founded several years ago and has really taken off. Below, we discuss the basic things to know about Bitcoin, including how to find the best Bitcoin trading platform, how to use a Bitcoin broker or exchange, as well as how to buy Bitcoin with PayPal.

What is Bitcoin?

Bitcoin is a virtual online currency. Everyone can buy or sell bitcoins on the networks. The Bitcoin transaction process is done via online peer-to-peer technology. It is managed by dedicated Bitcoin servers. Each time that they communicate, they update and share the information concerning the number of Bitcoins that each user owns.

Trade Bitcoin Online Using CFD Services

If you are interested in trading because of the opportunity to profit from the incredible volatility of Bitcoin, your best option is to use an online trading platform that allows CFD services. Currently, there are very few CFD platforms that allow this kind of trade, so to see available options refer to our recommendations above.

CFD Brokers are a great option if you want to trade in Bitcoin with the option to accept multiple forms of payment and if you want to buy Bitcoin with Paypal, you can. These forums also accept major credit cards and wire transfers in exchange for Bitcoin. Also, if you choose to trade through a forex platform, you will pay the lowest commissions possible in comparison to other alternatives. CFD and Forex companies use an exchange rate that is an aggregate of different Bitcoin exchanges.

Trading Bitcoin – Getting Started with CFDs (Contracts For Differences)

Bitcoin CFDs allow you to trade Bitcoin without owning Bitcoin. Bitcoin CFDs were generated to give traders exposure to Bitcoin without the need for ownership.

Contracts For Differences, also known as “CFDs,” represent a contract between trader and exchange. CFDs declare that the difference between the price on entry and the price on exit will be a trader’s profit or loss. Basically, CFDs are an agreement held between two parties that simulate an actual asset.

How to make money by trading Bitcoin

There are many methods one can use to make money in Bitcoin trading, here we will cover just the main option. Trading Bitcoin against the US dollar is known in market terms as the BTC/USD pair. You would invest in Bitcoin in the same manner that you would a physical currency – by buying low and selling high. Since Bitcoin is highly volatile, you will want to remain cautious and learn to identify the dip, to protect your assets.

How to buy Bitcoin with Paypal

One of the biggest issues today with Bitcoin is the fact that you are unable to purchase it easily. Although Paypal and Bitcoin have been well-matched in the past two years, it is not always simple to find credible places to buy Bitcoin with Paypal in 2020.

If you’re looking to buy Bitcoin with Paypal (or a credit card) solely for trading purposes, please review the broker recommendations above.

Benefits of Contracts For Differences

CFDs have a lot of flexibility, meaning that they let traders go long (betting on a price increase) or short (betting on a decrease). When traders use CFDs for trading Bitcoin, they can enter trades any day, anytime, and likewise close them whenever they want.

Another advantage is the low fees when compared to other trading methods. Although, these fees are slightly above those of exchanges like Kraken and Bitstamp, which help with the direct buying and selling of bitcoins.

Drawbacks of Contracts For Differences

While CFDs are suitable for experienced traders, they are not an ideal choice for long-term holders. Maintaining an open trade by using CFDs is costly, this expense is called a Premium. This Premium consumes 0.1% of your position each day. Because a CFD’s leverage is enabled with a loan made from exchange to trader, interest is charged for the arrangement duration. By contrast, Bitcoins you own can be held at no cost in a bitcoin wallet for an indeterminate length of time.

The dreaded “margin call” is another disadvantage of CFDs. Exchanges need to protect themselves against the unexpected, including drastic market moves (also known colloquially as black swan events) that send a client’s balance far into the negative. When there is high leverage, the markets are volatile. The pace of trading is frantic that negative balances are a huge risk.

There are many other ways to invest in Bitcoin and other popular cryptocurrencies, which we will discuss below, including opening a Bitcoin wallet at a Cryptocurrency exchange.

Bitcoin Broker vs. Bitcoin Exchange

Investing in Bitcoin is an excellent opportunity for traders looking to grow long-term accounts and gain returns. It’s a highly volatile asset in which losses and gains can fluctuate very rapidly. As we know from the very recent past, it is not uncommon for Bitcoin to vary in value day by day. Even still, most experts feel BTC has substantial potential for becoming a worldwide currency once it stabilises.

There is an increasing number of people rushing to invest in Bitcoin and other popular cryptocurrencies as well. Those looking to invest in Bitcoin can get involved in a couple of ways.

One way to invest is to buy or sell Bitcoin on a cryptocurrency exchange, while another popular method is through an online Bitcoin broker. There are excellent opportunities for investors using either approach, and there are positives and negatives to both. On a cryptocurrency exchange, you are purchasing actual Bitcoins, and through a Bitcoin broker, it is slightly different. Rather than buying Bitcoin directly, you are trading a Bitcoin CFD. Many will argue that investing in Bitcoin CFDs are better due to its simplicity and regulation. Bitcoin brokers are highly regulated and operate with strict professionalism, with all funds stored in segregated accounts. Unfortunately, cryptocurrency exchanges are entirely unregulated.

It can be challenging to set up a Bitcoin wallet at a cryptocurrency exchange, but it’s like that with anything worth doing. With a Bitcoin broker, however, you can set up an account in a matter of minutes. Once you deposit currency into your account, you can start trading right away.

Read on to learn more about buying, selling and trading Bitcoin at a cryptocurrency exchange.

How to Buy and Sell Bitcoin at a Bitcoin Exchange

Whether you’re using coins to purchase or sell products and services, investing, increasing your portfolio, or more, cryptocurrencies is the cutting edge way to do it. If you want to grow a currency or invest in newer altcoins as early as you can, once again, crypto is the way to go. You will have to go through a cryptocurrency exchange first, no matter what your end goal is.

If you want to invest in Bitcoin, you need to register for and begin to use an online exchange that specializes in this cryptocurrency. Learning the types of exchanges and how to use them should be a priority for any investor-to-be.

What is a Bitcoin Exchange?

Coins like bitcoin exist only on a software platform known as a blockchain. Because of this, there are two ways to get bitcoins: first, you can be paid in bitcoin for a product or service you provided someone, or, second, you can buy from an exchange.

Online exchanges exist to provide for and allow the conversion of one currency to another. So, in this case, you can convert fiat currency (dollars, euros, etc.) to bitcoin. The online exchange carries this conversion. It can also work vice-versa.

Where are my bitcoins stored?

Bitcoin is kept exclusively in digital bitcoin wallets and from this wallet, investors can receive, send or store their bitcoin. Altogether different than a private bank account, bitcoin wallets are completely anonymous, and to access that wallet you must know the password. Unfortunately, if the password is lost, there is absolutely no way to retrieve any bitcoin stored in it. Meaning wallet security is a high priority for any bitcoin owner.

You can set up your own wallet or alternatively you can use a Bitcoin exchange that offers wallet services. However, you are entrusting the service security of your wallet, be sure to properly do your due diligence. After registering with an exchange and enduring their verification process, you will receive an online Bitcoin wallet immediately. This wallet has a public address, similar to any other wallet on any other software. This device lets you send and receive bitcoins to and from other desktops, mobile, or other types of wallets.

What should you consider when choosing a Bitcoin exchange?

When working with Bitcoin, you should select a reputable, safe, and transparent exchange. However, many people don’t know what to look for when deciding which exchange to choose.

Please see our top recommendations for best Bitcoin exchange here, and be sure to read on to learn how to choose the best broker Bitcoin trading platform for you. For more information on CFD and Cryptocurrency investments, please see our education centre.

How to Choose the Best Broker for Bitcoin Trading Online

Because there’s so much competition in the Bitcoin exchange market as well as having many brokers and exchanges to choose from, it can be difficult for beginners to know which option will work best. Here are a few things to keep in mind before you decide on the right investment opportunity for you:

Regulation

Use a regulated Bitcoin broker or exchange. The regulatory body develops rules and services protect the integrity of the market, as well as traders, and investors, such as the Financial Conduct Authority (FCA) in the UK. Due to possible safety concerns, open your trading account with a regulated Bitcoin trading platform.

Customer Service

Bitcoin trading happens 24 hrs a day online, so customer support should be available at all times. You’ll want to be able to speak with a live support person, and many brokerages have a local office for ease of use. The representative’s ability to answer your questions regarding spreads and leverage, as well as company details is very telling.
The details of a good Bitcoin broker should be out in the open for everyone to see, either online or otherwise.

Account Types

Your ideal Bitcoin broker should be able to offer multiple account options or provide an element of customizability. Perhaps the broker even has a separate account for beginners. Look for a Bitcoin Broker that offers competitive spreads and easy deposits/withdrawals.

Tradeable Assets

When selecting a broker Bitcoin, many investors may just focus on the one asset. Nonetheless, keep in mind there are many other types of investment alternatives offered. Including Forex (FX) Currencies, other popular Cryptocurrencies (like Ripple, Ethereum, or Dash), Stocks, Shares, ETFs, CFDs, Futures or Options.

Buying and selling Bitcoins costs money. However, unlike buying stocks or bonds, Bitcoin brokers usually charge a percentage. You may consider looking for an online broker that charges a flat rate fee instead of the percentage model.

Liquidity

Because Bitcoin is traded in a market where people are both looking to buy or sell the currency. It’s crucial to consider the amount of liquidity that an exchange can have. Liquidity is the ability to sell without the price being significantly affected, causing the price to drop.

Here at TopBrokers.Trade, we take pride in providing the best possible online trading broker comparison, reviews and ratings. These reviews enable you to select the best trading platform for your needs. We don’t just help you to pick a great place to trade, but also do everything that we can, to show you how to get started. For additional information regarding trading Bitcoin as a CFD, check out our guide on “The Basics of Cryptocurrency“. It’s important that you remember that leverage works both ways and it will magnify the gains and losses.

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Best Cryptocurrency Brokers for 2020

Daniel ‘Harris’ Major

I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.

Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.

Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading Bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.

Best Cryptocurrency Broker

After trying out most brokers, here are the best cryptocurrency brokers:

IG – Best for Bitcoin Trading

IG is one of the oldest and biggest names in the trading industry. It was founded in 1974 and the Headquarters are in the UK.

IG is best known for Forex and CFD trading, which includes cryptocurrency trading.

  • Trade 10 Major Cryptocurrencies
  • Free Demo account
  • Minimum Deposit is only $100
  • Regulated and Trusted Broker
  • FTSE 250 Listed Provider
  • 24/7 Support
  • No Crypto Withdrawals

IG Disclaimer: 68% of retail CFD accounts lose money.

Best Cryptocurrency Brokers (Non-US Traders Only)

Plus500 – Top Rated Trading Platform

Plus500 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). Plus500 is the most complete trading platform.

  • Trade CFDs on Bitcoin & many other Cryptos
  • Minimum Deposit is only $100
  • Regulated and Trusted Platform
  • Very fast signup process
  • Live Chat
  • Many payment methods (even Paypal)
  • You cannot withdraw any cryptocurrency
  • You have to complete a questionnaire, upon sign up

Plus500 Disclaimer: 76.4% of retail CFD accounts lose money.

IQ Option – Lowest Minimum Deposit ($10)

If you don’t want to make a huge initial investment, then IQ Option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.

  • You can trade many cryptocurrencies
  • Minimum Deposit is only $10
  • Best trading platform
  • Multiple account currencies
  • Free demo account
  • Regulated by CYSEC (#247/14)
  • They don’t allow traders from USA, Japan and Israel

eToro – Top Crypto Broker

eToro is a really popular trading site. They have been around since 2006. eToro is regulated by CYSEC, FCA and ASIC.

Buy/Sell Bitcoin on eToro in addition to buying stocks, commodities, forex etc. eToro is the most complete trading platform.

  • Trade Bitcoin & many other Cryptos
  • Minimum Deposit is $200
  • Regulated and Trusted Platform
  • Australian Traders Are Also Accepted
  • Great Support Team
  • Many Payment Methods (even Paypal)
  • You cannot withdraw any cryptocurrency
  • You have to complete a questionnaire, upon sign up

eToro Disclaimer: 75% of retail CFD accounts lose money.

Highlow – Best All-Round Crypto Broker

Due to regulation HighLow stopped accepting traders from the EU and UK.

Highlow is an Australian trading broker (AFSL No.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.

I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.

I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).

I have also tried the iOS app and the android app. They are great, but I just don’t like trading on smartphones in general.

The payouts on Highlow are amazing (up to 200%, which is more than on other brokers).

Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.

  • Trade Bitcoin & other Cryptos
  • Minimum Deposit is only $50
  • Regulated and trusted Platform
  • Fastest signup process (no questionnaires)
  • Multiple account currencies
  • Free demo account (no registration needed)
  • You cannot withdraw any cryptocurrency

Best US Cryptocurrency Brokers – April, 2020

Nadex – US Traders Welcome

Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.

Only US traders are allowed on Nadex. Non-US Traders check out the next broker.

Update OCTOBER 2020: Looks like Nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on Nadex now and get updated when they add it.

Recently, Nadex started offering Bitcoin trading.

  • Trade Bitcoin, Forex or Binary Options
  • Minimum Deposit is $250
  • CFTC Regulated Broker
  • Great Support Team
  • Many Payment Methods (even Paypal)
  • You cannot withdraw any cryptocurrency

Crypto Brokers With Most Cryptocurrencies

Here are the most popular cryptocurrencies offered by cryptocurrency brokers:

  • Etoro – Bitcoin, Ethereum, Litecoin, Dash, Ethereum Classic, NEO and Ripple.
  • Plus500 – Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, IOTA.
  • AvaTrade – Bitcoin, Ethereum, Ethereum Classic, Ripple, Dash, Bitcoin cash Litecoin, Monero and NEO.

Lowest Minimum Deposit Brokers

These are the best brokers with low minimum deposit requirements:

This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.

We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.

Top Rated Brokers That Have Cryptocurrencies

While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?

Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.

Advertiser Disclosure info_outline Features We Like Rating Risk Warning info_outline
Rank Broker Min. Deposit Regulated Features Visit*
$250 YES + US TRADERS ONLY TRADE NOW
$10 YES + CRYPTO/BINARY TRADING TRADE NOW
$200 YES + CRYPTO TRADING TRADE NOW

eToro Disclaimer: 75% of retail CFD accounts lose money.

You still can’t decide which broker is best for you?

How to Choose your Cryptocurrency Broker

Is Leverage Really Necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.

Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.

Negative Balance Protection: It is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.

How Suitable Is The Required Capital For You? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.

Narrow Spreads for the Win: Let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.

A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.

Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.

Which Cryptocurrencies Are You Interested In Trading?

Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.

If your choice is a prominent cryptocurrency like Bitcoin (official site), Litecoin (official site), or Ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like Monero, IOTA, or Zcash may be a little harder to come by.

So study the cryptocurrencies being offered by a broker before you sign up for an account.

Pros And Cons Of Cryptocurrency Brokers

No broker is perfect.

Here are some features that these broker have or don’t:
Pros

  • Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading
  • If you are less tech-savvy then a broker is safer for you
  • You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method

Cons

  • Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)

Cryptocurrency Brokers – What To Look For

Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.

1. What Are The Weekend Hours Like?

This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.

There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.

But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (Why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.

2. How Is It Hedging?

Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.

Why is it so important for you to know?

Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.

More Great Features You Could Be Interested In

Commissions and Trading On Margin – An important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.

Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or CFDs. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.

Authenticity of Market Data – Aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.

One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by Feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.

But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto CFDs.

Are Short Sales Available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.

As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.

And a lot of that is down to which broker you decide to trade with.

Ready To Start Trading?

Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.

These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.

Sign up now and see for yourself how easy it is to get started.

Best Binary Options Brokers 2020:
  • Binarium
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  • Binomo
    Binomo

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