The Best Brokers for Crypto Trading in 2021
Choosing the best forex brokers for crypto trading in 2020 can be difficult. Have you found yourself inundated with brokers promising you the ‘greatest’ cryptocurrency trading experience possible?
The excellent news is that our experts are here to help. We’ve done all the hard work for you. By testing and reviewing hundreds of cryptocurrency brokers, we’ve managed to create a complete list of only the very best. Any broker you choose from our list of best cryptocurrency brokers will be safe and reputable. They also all offer plenty of cryptocurrency trading opportunities, fair fees, and proficient platforms.
This page also provides you with expert advice on crypto trading, to ensure that you have all the information you need to get started. Check out our list of the best forex brokers for crypto trading below or read on to learn more about:
- How we choose the best cryptocurrency brokers
- How to claim cryptocurrency trading bonuses
- Which are the best crypto trading platforms
- How to trade cryptocurrencies on mobile
The best crypto brokers for 2021
How we find the best brokers for crypto trading
To find the best brokers for crypto trading, our team of experts has developed a rigorous review methodology based on many years of professional experience.
Our unique approach comprises analyzing 200 points across 10 key categories for each broker. We look at everything from licensing and a broker’s reputation to the quality of educational materials they offer and the fees they charge.
We understand that not every category holds the same weight for an impressive trading experience, which is why we assign each a different level of importance when calculating the final score. For example, licensing and regulation contribute far more to the score than educational materials.
When analyzing brokers for cryptocurrency trading, we also look at features important to you as a crypto trader, such as:
- Extensive crypto pairs and CFD options
We look for brokers who offer you a variety of crypto trading options, such as being able to trade crypto coins against other crypto coins, like the BTC/XRP, cryptos against fiat currencies, like BTC/USD, and cryptos against commodities, like BTC/Gold.
Our top brokers also allow you to trade crypto CFDs and provide opportunities to make physical crypto trades too. With physical crypto trading, you’ll be able to buy cryptocurrency coins and sell them at a later date.
- A wide range of different coins
The best forex brokers for crypto trading must offer a variety of coins for you to trade. We look for brokers who offer the most popular coins, including Bitcoin, Ripple, Ethereum, Litecoin, and so on.
We also check to make sure they offer some alternative coins too, such as Quantum, Steem, Stellar, and more. This ensures you have plenty of trading opportunities.
- Accessible payment methods
We look for brokers who accept deposits in BTC, and other cryptos, and allow for crypto withdrawals too. If you prefer sticking to fiat currencies, you can rest assured our top crypto brokers also support traditional payment methods such as credit/debit cards, bank transfers and e-wallets.
- Excellent trading platforms
As cryptocurrency trading demands different trading conditions to forex, we make sure all of our recommended brokers offer efficient and user-friendly trading platforms. We also make sure that these platforms are customizable and offer you all the tools and indicators you need to succeed.
- 24/7 customer support
The crypto market is not centralized like the forex market, so it never closes. This means that you need access to round the clock support should anything go wrong. All of our best brokers offer friendly and knowledgeable account managers who are ready to help you whenever you need them.
Discover our top cryptocurrency brokers
Our team of experts has conducted comprehensive reviews to find the best brokers for crypto trading. We’ve analyzed these brokers from front to back and tested the services they offer to ensure their marketing aligns with reality.
Only the most reputable brokers that offer an outstanding trading experience have made it onto our list of the best brokers for crypto trading. Below you can learn more about our top 3 brokers for cryptocurrency trading.
75% of retail CFD accounts lose money with this provider.Read review ›
Note: Availability of cryptocurrency trading is subject to regulations.Read review ›
Do cryptocurrency brokers offer trading bonuses?
Some forex brokers offer bonuses, depending on which authority regulates the broker and where they offer their services. In the European Union, the law doesn’t permit brokers to offer bonuses however, outside the EU, many brokers offer attractive bonuses to new and existing clients regularly.
If you choose one of our recommended brokers for crypto trading, you can expect to enjoy these great bonuses too. Some of the bonuses available include:
- No-deposit bonuses – These bonuses are for new clients and you will receive the incentive without having to make a deposit.
- Deposit bonus – You will receive a deposit bonus when, as the name suggests, you make a deposit with a top cryptocurrency broker. The bonus is usually worth a percentage of the amount you deposit. These bonuses may be limited to your first deposit only or as part of an ongoing promotion for any deposit you make. Some brokers will require a specific minimum deposit for you to be eligible for the bonus.
- Loyalty bonus – The best cryptocurrency brokers offer this type of bonus to existing customers. The size of the bonus you can claim is usually calculated based on your trading activity.
- Referral bonus – In this case, you will receive a bonus for every person you refer who opens an account and makes a deposit.
All trading bonuses are subject to terms and conditions. For example, some brokers require you to conduct a certain volume of trades before you can withdraw the bonus, while others won’t let you withdraw the bonus at all.
Discover the best crypto trading platforms
Whilst you can trade crypto using a broker, you may need to use a different trading platform. Crypto is different from currency pairs. As there’s no centralized market, the setup isn’t quite the same.
For example, MetaTrader 4 can only handle crypto trading if the broker makes some adjustments to the code. In contrast, you can use a platform like MetaTrader 5 to trade crypto immediately. Many brokers also offer their own proprietary platforms that you can use for cryptocurrency trading.
MetaTrader 5 allows you to trade cryptocurrencies and other assets including currency pairs. To trade crypto using MT5, you need to open an account with your broker. Once this has been done, you can log in to MT5 using the details provided. You’ll then need to right-click on the Market Watch window and go to the Symbols tab. Select Crypto from the list, then click Show. MT5 will add all the crypto-based instruments your broker offers to the list.
The biggest advantage of using MT5 to trade cryptocurrencies is that it offers all of the same amazing charting and analytical tools as MT4. If you already trade forex, you’re likely to already familiar be familiar with MetaTrader too, which means the learning curve is minimal. If you have a diverse trading portfolio, MT5 is also beneficial as you can view all of your positions at once. This allows you to flick between monitoring your cryptocurrency, currency and other asset trades.
Proprietary crypto trading platforms
Some of the best forex brokers for crypto trading have developed their own trading platforms that also support trading crypto coins. These platforms are very user friendly and offer all the tools you could need to trade effectively. Like MetaTrader 5, they also allow you to trade a wide range of instruments from the same platform, making it easier for you to diversify your trading portfolio without having to use multiple systems to trade.
Other benefits of proprietary trading platforms include:
- You don’t have to open multiple e-wallets to trade different cryptocurrencies
- You can trade multiple crypto-based instruments and not just the coins themselves
- You can withdraw your money easily, which can be a challenge with a standard crypto exchange
eToro, for example, has built an outstanding trading platform. It’s easy to use, very intuitive and includes all the tools you need to trade effectively. The platform also allows you to take advantage of a robust social trading program, which can be highly beneficial if you’re still learning how to trade.
Trading cryptocurrencies on mobile
If you want to use one of our best forex brokers for crypto trading on mobile, you’re in luck. All of the best cryptocurrency brokers offer a mobile counterpart so that you needn’t stop trading even when you’re on the go. You can download MT5 on both Android and iOS, and many of the best proprietary trading platforms are also available as native apps.
Frequently asked questions about cryptocurrency trading (FAQs)