Bitcoin Passes $44K As Tesla Buys $1.5 Billion BTC

Tesla announced today it purchased a whopping $1.5 billion in Bitcoin sending the price of the crypto soaring. Find out what drove the leading car manufacturer’s decision and the impact on Bitcoin traders.

Bitcoin trading

Tesla Buys $1.5 Billion In Bitcoin

While best known for its state of the art cars, the Californian-headquartered Tesla today made the news for publishing details of its $1.5 billion Bitcoin purchase. The company also announced it intends to start accepting Bitcoin payments, which would make it the first major car manufacturer to accept the volatile cryptocurrency.

In documents filed with the Securities & Exchange Commission (SEC), Tesla explained the decision would provide “more flexibility to further diversify and maximize returns on our cash.”

Elon Musk On Bitcoin

Of course, this latest news adds to a string of Bitcoin-related antics from the Tesla CEO who only weeks ago was criticised for causing a spike in the price of Bitcoin and Dogecoin following supportive messages on Twitter. In fact, Musk added the hashtag #bitcoin to his Twitter bio just two weeks ago, a move which is said to have caused a 20% increase in the price of the digital coin. Just two days later he posted on social media forum Clubhouse “I do at this point think Bitcoin is a good thing, and I am a supporter of Bitcoin.”

Tesla buys Bitcoin

Bitcoin Passes $44,000

Following Tesla’s announcement, the price of the crypto surpassed $44,000. Tesla shares also rose by 2.5% in premarket trading. The price of Bitcoin has fluctuated significantly in recent months, spurred on by votes of confidence from the likes of Elon Musk.

For savvy traders, the market volatility means an opportunity to generate profits. Many top brokers are offering a multitude of powerful trading tools with competitive spreads and generous leverage levels. Of course, investors should also be wary when trading Bitcoin as many of its peaks have been quickly followed by troughs. Take a careful approach to risk management when trading Bitcoin and other cryptos.

Bitcoin Brokers

  1. Trade the major cryptos against USD, EUR, GBP and AUD. All traded with tight spreads. No virtual wallet required, just a trading account. Note, cryptos are not available in the US or Canada.

    Forex.com Crypto Trading

    Forex.com offers trading on 5 crypto coins: BCH, BTC, ETH, LTC, XRP

    Crypto Spread
    BTC 1.4%, ETH 2%
    Crypto Lending
    No
    Platforms
    MT4
    Crypto Staking
    No
    Minimum Deposit
    $100
    Regulator
    CySEC, IIROC, NFA, CFTC, FCA, CIMA
  2. Trade micro Bitcoin with low fees

    NinjaTrader Crypto Trading

    NinjaTrader offers trading on 1 crypto coin: BTC

    Crypto Spread
    Floating
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    No
    Minimum Deposit
    $50
    Regulator
    NFA, CFTC
  3. Uphold offers trading on more than 100 crypto assets including via crypto-only pairs and crypto-fiat cross pairs.

    Uphold Crypto Trading

    Uphold offers trading on at least 96 crypto coins, for example: AAVE, ADA, ALCX, ALGO, API3, ATOM, AUDIO, AVAX, AXS, BAL, BAT, BCH, BTC, BTCO, CAKE, CHR, DAO, DYDX, ETH, GHST, GLMR, GODS, INH, LSK, NMR, REQ, ROOK, TRB, XRP, XYO

    Crypto Spread
    0.5% to 1% average
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    Yes
    Minimum Deposit
    $0
    Regulator
    FCA, FinCEN
  4. Trade four major cryptocurrencies paired with USD

    IG Group Crypto Trading

    IG Group offers trading on 4 crypto coins: BCH, BTC, ETH, LTC

    Forex trading involves risk. Losses can exceed deposits

    Crypto Spread
    Variable
    Crypto Lending
    No
    Platforms
    MT4
    Crypto Staking
    No
    Minimum Deposit
    £250
    Regulator
    FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin
  5. Coinmama aim to make entering the crypto market as easy as possible, offering big tokens like Bitcoin and Ethereum

    Coinmama Crypto Trading

    Coinmama offers trading on 9 crypto coins: BCH, BTC, DOGE, ETH, LINK, LTC, UNI, XRP, XTZ

    Crypto Spread
    From 2.93% to 3.90%. Express fees of 0-5.00% also apply.
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    No
    Minimum Deposit
    $30
    Regulator
    FinCEN, FINTRAC
  6. Pionex is an automated crypto trading platform with built-in bots and a wide range of tokens.

    Pionex Crypto Trading

    Pionex offers trading on at least 229 crypto coins, for example: AAVE, ADA, ALICE, AXS, BAKE, BCH, BTC, BTT, BUSD, CAKE, DOGE, DOT, EOS, ETC, ETH, FIL, HT, ICP, JST, LINK, LTC, NFT, PUNDIX, SNX, SUN, TFUEL, TRX, UNI, WIN, XRP

    Crypto Spread
    Market
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    No
    Minimum Deposit
    $0
    Regulator
    FinCEN
  7. Build custom crypto portfolios and select from the broker's expert pies.

    M1 Finance Crypto Trading

    M1 Finance offers trading on 8 crypto coins: ADA, ALDO, ATOM, AVE, BAT, BTC, ETH, LINK

    Crypto Spread
    Variable
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    No
    Minimum Deposit
    $100 ($500 for IRA)
    Regulator
    FINRA, SEC
  8. Paxful offers buying and selling of the world's leading cryptocurrencies.

    Paxful Crypto Trading

    Paxful offers trading on 3 crypto coins: BTC, ETH, USDT

    Crypto Spread
    Rates set by vendors
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    No
    Minimum Deposit
    From 0.005 BTC
    Regulator
    -
  9. Invest in cryptocurrency via OTC Trusts, ETFs, mutual funds and Bitcoin futures

    TD Ameritrade Crypto Trading

    TD Ameritrade offers trading on 4 crypto coins: BTC, ETH, MBT, MET

    Crypto Spread
    Commission fees apply
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    No
    Minimum Deposit
    $0
    Regulator
    SEC, FINRA, CFTC
  10. IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.

    Interactive Brokers Crypto Trading

    Interactive Brokers offers trading on 4 crypto coins: BTC, ETH, LTC, XRP

    Crypto Spread
    -
    Crypto Lending
    No
    Platforms
    AlgoTrader, OmniTrader
    Crypto Staking
    No
    Minimum Deposit
    $10000
    Regulator
    SEC, FCA, IIROC, SFC
  11. Trade popular cryptocurrency coins with low fees.

    Crypto Spread
    0.18% fee per trade
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    No
    Minimum Deposit
    $2500
    Regulator
    FINRA
  12. Trade cryptocurrencies against the US Dollar

    AAAFx Crypto Trading

    AAAFx offers trading on 6 crypto coins: BCH, BTC, ETH, LTC, USDT, XRP

    Crypto Spread
    From 1.3 pips
    Crypto Lending
    No
    Platforms
    MT4, MT5
    Crypto Staking
    No
    Minimum Deposit
    $10
    Regulator
    HCMC (Greece), FSCA (South Africa)
  13. Trade over 65 cryptocurrencies including Bitcoin

    Kraken Crypto Trading

    Kraken offers trading on at least 57 crypto coins, for example: AAVE, ADA, ALGO, ANT, ATOM, BAL, BAT, BCH, COMP, CRV, DAI, DASH, EOS, ETC, ETH, EWT, FIL, FLOW, GNO, ICX, KAVA, KEEP, KNC, KSM, LINK, MANA, REP, REPV2, XBT, XDG

    Crypto Spread
    0-0.26% average
    Crypto Lending
    No
    Platforms
    AlgoTrader
    Crypto Staking
    Yes
    Minimum Deposit
    $10
    Regulator
    FCA, FinCEN, FINTRAC, AUSTRAC, FSA
  14. Trade a handful of the top cryptos at Quotex.

    Quotex Crypto Trading

    Quotex offers trading on 4 crypto coins: BTC, ETH, LTC, XRP

    Crypto Spread
    N/A
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    No
    Minimum Deposit
    $10
    Regulator
    -
  15. Webull offers trading on popular cryptos such as Bitcoin against the US Dollar.

    Webull Crypto Trading

    Webull offers trading on at least 43 crypto coins, for example: ADA DASH, ALGO, ATOM, AVAX, BAT, BCH, BTC, CRV, DOGE, EOS, ETC, ETH, FTM, GRT, LINK, LRC, LTC, LUNA, MANA, MATIC, REM, SHIB, SISHI, SOL, TRX, UNI, XLM, XMR, XTZ, ZEC

    Crypto Spread
    Floating
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    No
    Minimum Deposit
    $0
    Regulator
    SEC, FINRA
  16. Trade over 100 crypto pairs on an extensive list of popular and emerging digital currencies.

    Gemini Crypto Trading

    Gemini offers trading on at least 56 crypto coins, for example: AAV, ADA, ATOM, BAT, BCH, BTC, COMP, DAI, DOGE, DOT, ENJ, EOS, ETH, FIL, GRT, LINK, LTC, MANA, MKR, SNX, SOL, UMA, UNI, WBTC, XLM, XRP, XTZ, YFI, ZEC, ZRX

    Crypto Spread
    Transaction fee from $0.99
    Crypto Lending
    Yes
    Platforms
    AlgoTrader
    Crypto Staking
    Yes
    Minimum Deposit
    $0
    Regulator
    NYDFS, MAS, FCA
  17. Nexo supports cryptocurrency trading through its exchange platform on 35+ in-demand tokens.

    Nexo Crypto Trading

    Nexo offers trading on at least 39 crypto coins, for example: ADA, APE, ATOM, AVAX, AXS, BCH, BNB, BTC, DOGE, DOT, EOS, ETH, FTM, KSM, LINK, LTC, MANA, MATIC, NEAR, NEXO, PAXG, RUNE, SAND, SOL, TRX, UNI, USDC, USDT, XLM, XRP

    Crypto Spread
    N/A
    Crypto Lending
    Yes
    Platforms
    Own
    Crypto Staking
    Yes
    Minimum Deposit
    $10
    Regulator
    ASIC, FCEN
  18. Make crypto trades against fiat currencies with a single tap from $1.

    Revolut Crypto Trading

    Revolut offers trading on at least 53 crypto coins, for example: 1INCH, AAVE, ADA, ALGO, AMP, ANKR, ATOM, BAND, BAT, BCH, BNT, BTC, CELO, CHL, COMP, CRV, CTSI, DOGE, ENJ, EOS, ETH, FIL, ICP, KEEP, KNC, LINK, LTC, MANA, RLC, ZRX

    Crypto Spread
    2.5% commission for standard profiles
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    No
    Minimum Deposit
    $0
    Regulator
    FINRA, SEC
  19. Trade on 10 cryptos paired with the USD and EUR. Crypto only pairs are also available.

    World Forex Crypto Trading

    World Forex offers trading on 10 crypto coins: BCH, BTC, DSH, EOS, ETH, LTC, NEO, XMR, XRP, ZEC

    Crypto Spread
    -
    Crypto Lending
    No
    Platforms
    MT4, MT5
    Crypto Staking
    No
    Minimum Deposit
    $1
    Regulator
    SVGFSA
  20. Pocket Option supports five cryptocurrency options assets spanning major tokens and cross pairs.

    Pocket Option Crypto Trading

    Pocket Option offers trading on 4 crypto coins: BTC, EOS, ETH, LTC

    Crypto Spread
    N/A
    Crypto Lending
    No
    Platforms
    MT5
    Crypto Staking
    No
    Minimum Deposit
    $50
    Regulator
    IFMRRC
  21. Buy and sell an extensive list of leading and emerging crypto coins at Binance.

    Binance Crypto Trading

    Binance offers trading on at least 56 crypto coins, for example: ADA, ALGO, BCH, BNB, BTC, BUSD, DAI, DOGE, EGLD, ENJ, EOS, ETH, HBAR, HNT, IOTA, LINK, LTC, MANA, MATIC, NANO, NEO, ONE, QTUM, RVN, SOL, USDT, VET, VTHO, XLM, ZIL

    Crypto Spread
    Variable fees with account tiers
    Crypto Lending
    Yes
    Platforms
    AlgoTrader
    Crypto Staking
    Yes
    Minimum Deposit
    $0
    Regulator
    FCA
  22. eToro leads the way in cryptocurrency trading. The lowest spreads (from 0.75% for BTC), their own wallet service and the largest number of cryptos to trade in the market. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply..

    eToro Crypto Trading

    eToro offers trading on 15 crypto coins: ADA, BCH, BNB, BTC, DASH, EOS, ETC, ETH, LTC, MIOTA, NEO, VET, XLM, XRP, ZEC

    79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Crypto Spread
    BTC <1%, ETH 2%
    Crypto Lending
    No
    Platforms
    Own
    Crypto Staking
    Yes
    Minimum Deposit
    $10
    Regulator
    FCA, CySEC, ASIC, FSA
  23. InstaForex offer crypto CFD trading on leading tokens with very low fees.

    InstaForex Crypto Trading

    InstaForex offers trading on 6 crypto coins: BCH, BTC, ETH, LTC, XRP, and 14 more

    Crypto Spread
    From 0%
    Crypto Lending
    No
    Platforms
    MT4, MT5
    Crypto Staking
    No
    Minimum Deposit
    $/€1
    Regulator
    BVI FSC
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