You are interested in investing in cryptocurrency, but you’re overwhelmed. Crypto exchanges are constantly growing, and comparing them can be frustrating. That’s why we at CryptoBrokersComparing will help you out. We’ve analyzed the most popular crypto brokers in great detail; all aspects like security or tools for your trading experience have been covered.
The ways to invest in crypto are endless. For example, there are thousands of digital currencies, but only some are traded on exchanges. If you buy an unlisted currency, it can be tough to sell it when you suddenly want to – this might lead to losing money.
So if you’re looking for a safe way to start this wild adventure, we recommend choosing a broker that supports as many currencies as possible. That’s why we have chosen Coinbase Pro, which currently supports Bitcoin, Bitcoin Cash, Ethereum and Litecoin, among others.
You can find lists of exchanges where a popular currency is traded against USD, Euro or Tether. If the exchange is not listed here, it means that there was no trading going on at the time of research. We have also included some less known brokers who want to trade more unusual coins.
These crypto companies are most likely only available in certain countries. If they’re not, you will probably need to use an intermediate service like BitPanda or Coinmama, both located in Europe.
The best cryptocurrency brokers
Let’s check out some of the most popular exchanges to keep it simple.
Saxo Bank is a well-established broker in the financial sector, offering assets like energy and metals. The minimum amount of money that can be traded is $2,000 – this might make it hard to get started with small amounts of cash saved up (check this here).
This broker is one of the biggest ones and was founded in 2012. This platform is currently available in 32 countries, but not everywhere; if it’s available where you live, try them. As soon as you register, there are no limits on your deposit or withdrawal options – this might come in handy for testing purposes (the minimum amount that can be traded is $0.01 ).
If you’re looking to trade more substantial amounts, though, we recommend choosing another broker with higher limits. However, most exchanges offer good security features like 2FA authentication or IP address restrictions.
Coinbase Pro is also one of the only companies that offer a service like “Coinbase Bundle.” It’s a package or stock in which you can invest with just one click; this tool makes investing in different currencies much more accessible and increases your chance to make a profit.
Poloniex was founded by Tristan D’Agosta, who used to work as a software engineer at Google. That explains why security measures are very advanced here – for example, they have daily reports on server health, which can be used to monitor the platform’s work. The trading times are also very convenient here, with currencies being traded 24 hours a day.
Gemini was founded in 2015 by the Winklevoss twins, who were also involved in the foundation of Facebook. It is run from New York and has one of the best reputations when it comes to security – they save most data offline. The minimum trade amount here is $0.0075, an obstacle for some traders. Currencies are divided into four categories based on their daily volume; this makes it easy to find what you’re looking for if you want to invest different amounts.
Bitfinex is one of the most advanced cryptocurrency exchanges globally, offering advanced margin trading. We like this broker because you can make your first deposit with a credit card and start trading almost immediately (the minimum amount here is $1).