Because different brokers have distinct strengths, you must determine which broker is best suited to your needs. Some brokers offer an online trading platform that lets you replicate other cryptocurrency traders’ transactions in your account. Some offer the option to perform transactions on more altcoins.
The best cryptocurrency broker is largely based on how they address your requirements as a trader or an investor. The following list of cryptocurrency brokers has been compiled due to various reasons in order to satisfy the requirements of different investment and trading styles for cryptocurrency.
eToro: Unique Features
eToro has fundamentally changed the way investors and traders trade using the Social trading service. Social trading is the process of mirroring another trader’s or investor’s transactions into the account of a social trading account. You make the same amount in proportion to the person you’re mirroring, you also have the same proportion of losses as the trader in their accounts.
Winner of Benzinga’s FinTech Awards for Best Multi-Asset Platform.
Pionex: Best for Automated Trading
Automated trading is a crucial option for crypto traders because the market can be extremely unpredictable and it is common to not have the time to manage your trading. If you’re using Pionex it’s completely free to sign up , and there are 18 bots that to test with each offering distinct strategies.
The trading bot’s selection of bots includes:
- Grid Trading Bot allows customers to buy low and then sell high within a particular price range.
- Leveraged Grid Bot gives up 5x leverage.
- Spot-Futures Arbitrage bot enables investors in retail to earn passive income that is low risk. The expected ROI for this strategy is 1550 percent APR.
- Martingale bots perform DCA buy and sell once to take advantage of fluctuating profit.
- Rebalancing tools help you increase the amount of coins.
- dollar-cost Averaging (DCA) Bot sets up recurring purchases regularly to counter the volatility effects.
Additionally The Smart Trade terminal allows traders to establish stop-loss stops taking, trailing, and profit all in the same trade.
There are no maker and taker charges of 0.05 percent when trading using Pionex and you are able to even trade by hand if you prefer. Large traders who have accounts that exceed $300,000. They can also sign up to market maker. Market Maker program, which reduces your maker’s fees to a minimum of.
You can trade on the go with the Pionex application. Set up your account to generate passive income , or let the app to accumulate tokens you’re planning to hold for a long time to come.
Interactive Brokers: Lowest Cost Trading
Have you realized that many trading platforms for cryptocurrency charge fee for spreads on the purchase or sale orders? This means you’ll be charged additional fees for your crypto. for instance an exchange that has the 1.5 percent spread will charge additional $75 for every $5k you put through the platform. However, Interactive Brokers is among the very few platforms that don’t charge a spread. This means that PrimeXBT review you don’t need to deal with any hidden charges.
Caleb & Brown: Best for Personalized Service
Caleb & Brown aims to offer cryptocurrency to people who aren’t familiar with the market. Through personalized service, you have worldwide access to liquidity which allows trading to be more convenient and affordable.
You are able to trade more than 1000 assets, and the security of your accounts is increased. Only you have access to your tokens and are directly working with a broker that will aid you in making the most effective investments.
Since Caleb & Brown is an Australian company, you can access XRP, TFuel and Theta which U.S. exchanges do not. Discuss with your broker the possibility of the cost of college, retirement or saving for major purchases, planning for vacations, and many more.
Coinbase: Best for New Investors
Coinbase is among the oldest and largest cryptocurrency exchanges. It is currently serving 43 million customers across more than 100 countries. Coinbase offers a wealth of informational resources, as well as an intuitive interface that is ideal for novice traders and investors.
The exchange also provides its customers with a hosted wallet as well as provides global customer service. Coinbase is a great option for those who are unfamiliar with the cryptocurrency market, but who don’t want to utilize social trading.
WeBull: Best for Stocks & Crypto
If you intend to keep an investment portfolio that includes stocks as well as cryptocurrency, WeBull is a great all-in-one solution. It is a platform that supports the most popular cryptocurrency such as Dogecoin, Bitcoin, Ethereum and other altcoins. This makes it simple to diversify your portfolio of crypto. WeBull allows you to trade crypto immediately this is a crucial aspect in volatile markets like the crypto market.