Best Online Brokers for Bitcoin Trading; The best crypto exchanges for US bitcoin trading offer three essential benefits. The first, and most important, is robust security with two-factor authentication, cold . 16 rows · Dec 03, · Best Forex Broker That Offers Bitcoin Trading – How to Choose One. . Mar 21, · Bitcoin brokers are a great way to buy Bitcoin if you want to avoid traditional cryptocurrency exchanges. A Bitcoin broker takes care of the process of purchasing BTC for you so that you don’t have to deal with the complexities of the matter. Throughout this guide, we compare the best Bitcoin brokers Author: Alexander Thellmann.
Btc brokersBest Online Brokers for Bitcoin Trading for | bitmoneylab.de
Compared to many other Bitcoin Brokers, Markets. However, since the platform is aimed at VIP traders, this is to be expected. 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.
There are approximately about 3, cryptocurrencies out there, and excluding Bitcoin and a handful of major cryptocurrencies, the majority have very low trading volume and questionable legitimacy. Hence, due to regulatory reasons, it is very challenging for a licensed broker to offer most of these cryptocurrencies other than Bitcoin. If you are planning to buy small-cap cryptocurrencies, you will be forced to make use of regular cryptocurrency exchanges in most cases since reputable brokers do not offer them.
Alexander has worked in community growth for multiple cryptocurrency companies. In his free time, he writes articles sharing his industry insights. You can get in touch with Alexander on LinkedIn. CoinDiligent is the go-to resource for cryptocurrency traders. We write in-depth trading guides, valuable exchange reviews, and share priceless trading tips from top crypto traders.