Best Bitcoin Payments Brokers 2024

Bitcoin is a decentralized network of digital money, powered by users. Bitcoin provides crypto payments to businesses with integration via an API plugin so they can receive transfers across the globe regardless of market size and volume. Our review looks at Bitcoin payments as a deposit and withdrawal method for traders. We explain how to make a transfer request, how long payments take, and list the top brokerages accepting Bitcoin deposits in 2024.

Best Bitcoin Platforms

Based on our analysis, these are the best 5 brokers that offer Bitcoin deposits:

Bitcoin Payments Brokers Comparison

Bitcoin Payments Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 1:500 Visit
Pocket Option logo
$50 Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos Web, MT4, MT5 - Visit
IQCent logo
$250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto Online Platform, TradingView 1:500 Visit
Videforex logo
$250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto TradingView 1:500 Visit
CEX.IO logo
$20 Cryptos TradingView - Visit
Uphold logo
$0 Cryptos Desktop Platform, Mobile App - Visit
ForexChief logo
$10 CFDs, Forex, Metals, Commodities, Stocks, Indices MT4, MT5 1:1000 Visit
Axofa logo
$1 Forex, CFDs, Stocks, Indices, Commodities MT5 1:1000 Visit
CloseOption logo
$5 Binary Options on Forex & Cryptos Own - Visit
Sage FX logo
$10 Forex, indices, cryptos TradeLocker 1:500 Visit
Coinexx logo
0.001 BTC Forex, Commodities, Indices, Cryptocurrencies MT4, MT5 1:500 Visit
World Forex logo
$1 Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts MT4, MT5 1:1000 Visit
Binarium logo
$5 Forex, Stocks, Cryptos Own - Visit
Nexo logo
$10 Cryptos Nexo Pro - Visit
Pionex logo
$0 Cryptos Own - Visit

#1 - DNA Markets

Why We Chose DNA Markets

DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 250+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Commodities, Stocks, Crypto
  • Regulator: ASIC
  • Platforms: MT4, MT5
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:500

Pros

  • Convenient account funding with 7 base currencies, a $100 deposit and a wide range of payment methods
  • Top-rate platforms and charting tools for day traders with access to MT4 and MT5
  • Short-term trading strategies are permitted including scalping and automated trading using Expert Advisors (EAs)

Cons

  • Although it continues to strengthen its client base and reputation DNA Markets lacks the track record of top brokers like Vantage
  • The investment offering trails alternatives, especially in terms of stocks, cryptos and commodities
  • There are limited educational and research tools, reducing its appeal to beginners

#2 - Pocket Option

Why We Chose Pocket Option

Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

- DayTrading Review Team
  • Instruments: Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
  • Regulator: MISA
  • Platforms: Web, MT4, MT5
  • Min. Deposit: $50
  • Min. Trade: $1

Pros

  • The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders
  • Extremely fast and smooth sign-up process that takes less than 2 minutes
  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks

Cons

  • The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
  • The MISA is a weak regulator with limited investor protection for retail traders

#3 - IQCent

Why We Chose IQCent

IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

- DayTrading Review Team
  • Instruments: Binary Options, CFDs, Forex, Indices, Commodities, Crypto
  • Regulator: IFMRRC
  • Platforms: Online Platform, TradingView
  • Min. Deposit: $250
  • Min. Trade: $0.01
  • Leverage: 1:500

Pros

  • There's an accessible $0.01 minimum stake for new day traders with a small budget
  • Keen traders can take part in trading contests with cash prizes
  • The broker offers up to 98% payouts on binary options, which is more than alternatives like Pocket Option, only offering up to 92%

Cons

  • IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks
  • There's no automated trading support for algo traders
  • The broker is not overseen by a respected regulator, though this is common among binary options firms

#4 - Videforex

Why We Chose Videforex

Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."

- DayTrading Review Team
  • Instruments: Binary Options, CFDs, Forex, Indices, Commodities, Crypto
  • Platforms: TradingView
  • Min. Deposit: $250
  • Min. Trade: $0.01
  • Leverage: 1:500

Pros

  • Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders
  • Videforex allows you to enter positions with just ¢0.01
  • Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies

Cons

  • US clients aren’t accepted due to legal restrictions
  • No MetaTrader 4 integration
  • The broker isn’t overseen by a trusted regulatory agency

#5 - CEX.IO

Why We Chose CEX.IO

CEX.IO is one-stop-shop for crypto investors where you can buy and sell popular digital tokens, speculate on prices with margin trading and earn rewards through staking. Since it launched in 2013, more than five million traders have deposited over $7.5 billion. CEX.IO is registered with the FinCEN in the US and the GFSC in the EU.

"CEX.IO continues to serve a range of crypto investors looking to buy, sell, trade, hold and earn with low fees. The tiered pricing structure will appeal to active traders while rookie investors will enjoy the straightforward platform interface and excellent education."

- DayTrading Review Team
  • Instruments: Cryptos
  • Regulator: GFSC
  • Platforms: TradingView
  • Min. Deposit: $20
  • Min. Trade: $1

Pros

  • High quality educational materials are available through the University feature
  • The proprietary terminal features an advanced charting package from TradingView, including 50+ technical indicators
  • CEX.IO continues to offer competitive pricing with 0.01% taker and 0% maker fees for high-volume traders

Cons

  • Deposit and withdrawal fees are relatively high, including 0.3% + $25 for SWIFT withdrawals
  • It's a shame that there's no demo account for traders looking to practice strategies
  • A maintenance fee applies after 12 months of no activity

About Bitcoin Payments

Bitcoin was the first provider of cryptocurrency payments developed in 2009. It is still a relatively new transfer system for businesses and individuals to accept, however, it is forecast that the cashless payments market will double by 2030 due to the increased flexibility of B2B transfers and the mass adoption of Bitcoin. The coin itself is expected to exceed $100.000 by 2025, according to some market commentators.

Trading platforms that accept Bitcoin payments directly

Businesses like Mastercard are also looking to follow in PayPal’s footsteps and integrate Bitcoin payments for subscriptions, brokerage deposits, bills, and salary transfers.

Pros Of Investing With Bitcoin Payments

Secure Transactions

One of the key benefits of making Bitcoin payments is the anonymity and security offered to traders, based on the crypto’s underlying blockchain technology. No sensitive data needs to be shared on the internet when making transactions. There is no requirement to share credit card information, for example.

Payment Accessibility

It is easy to send and receive Bitcoin cross-border international payments, at any time and volume per day, as users are in full control of transactions. As long as you have a crypto wallet and a forex brokerage that accepts BTC deposits, you can simply fund your account as you would with any other payment method, such as a bank transfer.

Cons Of Investing With Bitcoin Payments

Limited Availability

While many Bitcoin brokers allow investing in cryptocurrencies on their websites and platforms, BTC is not yet widely accepted as an online deposit and withdrawal payment method due to the volatility and anonymity of the currency. Traders are restricted in their choice of providers until Bitcoin payments are universally adopted.

Limited Protection

Bitcoin is not recognized as a currency in every global market and is subject to review by regulators. Countries such as Canada and South Africa, for example, do not recognize or verify Bitcoin payments as legal tender while Australia and the Philippines do.

As a result, we’re likely to see more countries and regulators take a stance on Bitcoin which may impact your ability to make crypto deposits.

Volatility

The number of businesses accepting cryptocurrency as a recurring method is still small. Its developmental nature and relatively unknown price reactions to market factors have been influences for companies such as Steam and Amazon not to accept Bitcoin payments. And because the price of the coin can fluctuate hugely, the value of your crypto when you deposit vs withdraw can change substantially.

Cost

Compared to other cryptos, such as USDT and XRP, Bitcoin is relatively expensive. The average BTC transaction fee in June 2022 is $1.79. Even though this is lower than the $5.09 from a year ago, it still faces fierce competition from USDT which many exchanges allow for $1 fees on deposits and withdrawals. Ripple payments are even cheaper, they come at a fraction of a penny – 0.00001 XRP.

Speed

Bitcoin payments are fast, with consensus settlement averaging 10 minutes for confirmation, while micropayments via the Lightning Network can settle in under one minute. Payments via Bitcoin are also not subject to pending delays such as currency conversions or bank holidays, allowing users to make payments anywhere and anytime.

Check your exchange’s website for individual time constraints on deposits and withdrawals.

Brokers that accept Bitcoin deposits

Security

Bitcoin payments are encrypted through the blockchain ecosystem and each transaction is unique. The payment gateway provides high levels of security, though there is limited password recovery so it is the user’s responsibility to protect funds.

Bitcoin suggests using the following security protocols:

For added protection, you may want to consider keeping your BTC in cold storage on a physical offline wallet. This way your Bitcoin is safe from hacks and website malfunctions. A popular option is the Ledger Nano. However, if you want direct access to all of your coins in order to day trade this may not be possible.

How To Deposit Using Bitcoin

Bitcoin accepts various deposit methods including credit cards, USD bank transfers, and other cryptocurrencies via payment portals such as Binance and Coinbase. It is best to check the offering of each cryptocurrency exchange and choose which one suits your investment needs, whether that be accepting mobile app payments or favorable foreign currency conversion fees. In some cases, it is also possible to split Bitcoin payments across digital wallets and fiat currency.

Crypto attributes make Bitcoin payments challenging for both ecommerce and clients – all deposit transactions must be made manually by the investor. Log in to your account and follow your exchange’s process to make a Bitcoin payment.

Fees

Bitcoin payments can be free. However, many wallets charge default fees, such as Electrum, though higher charges can result in faster confirmation times. Fees are not generally related to the number of Bitcoins being sent and can be reviewed before executing the transaction.

Brands such as LiteForex and FX Choice offer free deposits and withdrawals using Bitcoin, though this is subject to the cryptocurrency network system.

Are Bitcoin Payments Good For Day Trading?

Bitcoin offers a relatively new digital payment method as a cryptocurrency gateway, with flexibility and few requirements to send transactions globally. There is limited acceptance of Bitcoin payments across merchants, including brokerages, due to its volatile nature. However, this is expected to change in the future as an increasing number of individuals, companies and governments adopt the crypto.

We have also compiled a guide to day trading Bitcoin.

FAQ

How Do Bitcoin Payments Work At My Broker?

Bitcoin payments are stored and executed via a decentralized blockchain network, which is essentially a digital ledger built and run by users. Nodes verify transactions and get paid in BTC. The Bitcoin payment infrastructure means it is harder for governments to control vs fiat currency.

Are Bitcoin Deposits To My Trading Account Safe?

Bitcoin payment gateways have high levels of transaction security, though it is always the user’s responsibility to protect funds. If your account is hacked or you forget your password, you may lose your tokens. Using escrow payments and new Bitcoin addresses may help protect against scams.

The Broker Is Saying My Bitcoin Payment Has Not Been Received, What Should I Do?

Check the receiving address is correct, Bitcoin payments are irreversible within 24 hours if the transaction is unconfirmed. See if the payment is showing a confirmation in the blockchain tracker, if so, the payment has been received. If not, speak to the broker to confirm the transaction details are correct.