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Rankings updated October 2026

Top-Rated Crypto Brokers In 2026

Crypto brokers offer a way to trade cryptocurrencies like Bitcoin that’s safer than directly buying and selling tokens on exchanges, many of which we’ve seen go bankrupt following high-profile scandals.

We’ve evaluated dozens of platforms to find you the best cryptocurrency brokers, taking into account:

  • The trustworthiness of the crypto broker
  • The number of digital tokens available
  • The usability of the trading platform and app
  • The fees you will incur placing short-term crypto trades
  • The unique selling points that distinguish the top crypto brokers

Top-Rated Brokers For Cryptocurrency Trading In 2026

Our exhaustive reviews show that these are the 6 top crypto brokers and trading platforms in October 2026. Every cryptocurrency broker listed we assessed using either a real money or test account.

Tested with a live trading account Accepts traders from Brazil Your capital is at risk. Trade only with funds you can afford to lose.
  1. Our top pick in Brazil
    • Coins: BCH, BTC, BTG, ETH, LTC, XRP, EOS, DASH
    • Crypto Spread: BTC <1%, ETH 2%
    • Min. deposit: $100
    • Crypto Spread: 0.05% BTC, 0.05% ETH
    • Platforms: PXTrader 2.0, MT5, TradingCentral
    • Min. deposit: $0
    • Crypto Spread: Variable
    • Min. deposit: $10-$250 (location and tier dependent)
    • Regulator: CySEC, FSCA, FSA, ADGM/FRSA
    • Coins: BTC, ETH, LTC, SOL, XRP
    • Crypto Spread: 1.1
    • Platforms: MT4, MT5, TradeLocker
    • Coins: BTC, ETH, LTC, XRP, BCH
    • Crypto Spread: Variable
    • Platforms: MT4, MT5, TradingCentral
    • Crypto Spread: $12 (BTC)
    • Platforms: MT4, MT5, TradingView, TradeLocker
    • Min. deposit: $100
    71.28% of retail traders lose money when trading CFDs

Learn how we test brokers and why you can trust our ratings.

What Makes These Brokers The Best For Crypto Trading?

Here’s a fast overview of why these crypto brokers topped our rankings:

  1. AvaTrade is the highest rated crypto broker in Brazil in 2026 4.9/5 Regulated in five continents, AvaTrade offers a secure way to access crypto markets. There's a growing range of digital currencies including Bitcoin, Ethereum and Ripple, plus more unusually, a crypto index for diversified exposure. You can also access competitive crypto spreads in the broker's three platforms as well as 1:2 leverage.
  2. PrimeXBT 4.2/5 Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing Crypto Futures, with 101 new tokens added in 2025, as well as trading contests with real prizes.
  3. NAGA 4.1/5 In platform testing, we found dozens of crypto CFDs at NAGA, including popular crypto-fiat pairs like ETHUSD and BTCEUR. What's useful is that you can easily set up crypto price alerts in the platform or app, based on price, percentage or pips. NAGA also has a compelling service for buying, holding and selling crypto assets.
  4. Plexytrade 3.9/5 Plexytrade lets traders capitalize on the inherent volatility of the cryptocurrency market by offering leveraged trading on 5 popular cryptocurrencies, including Bitcoin. However, the threadbare offering of digital tokens seriously trails leading brokers like Eightcap with its 100+ crypto derivatives.
  5. XM 4.8/5 XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with very high leverage up to 1:500, amplifying potential returns but also losses. You can day trade major tokens like Bitcoin, Ethereum and Ripple, though the suite of tokens trails the 100+ crypto derivatives at some category leaders.
  6. Eightcap 4.6/5 Eightcap’s crypto offering is best-in-class with 120+ crypto derivatives, surpassing that of almost every alternative. Testing also reveals Bitcoin spreads of 12 pips, coming in lower than most competitors. Add in convenient deposits and withdrawals in digital currencies, and Eightcap offers the complete package for serious crypto traders.

Compare The Top Crypto Brokers In Key Areas

Uncover the top crypto broker for you with our comparison of the factors critical to crypto traders:

Compare The Top Crypto Brokers In Key Areas
BrokerBitcoin TradingCrypto SpreadCrypto AppMinimum Deposit
AvaTrade ✔YesBTC <1%, ETH 2%iOS & Android$100
PrimeXBT ✔Yes0.05% BTC, 0.05% ETHiOS & Android$0
NAGA ✔YesVariableiOS & Android$10-$250 (location and tier dependent)
Plexytrade ✔Yes1.1iOS & Android$50
XM ✔YesVariableiOS, Android & Windows$5
Eightcap ✔Yes$12 (BTC)iOS & Android$100

How Safe Are These Crypto Brokers?

The industry has been plagued with scandals, so check how our top crypto brokers safeguard your investments:

How Safe Are These Crypto Brokers?
BrokerTrust RatingGuaranteed Stop LossNegative Balance ProtectionSegregated Accounts
AvaTrade 4.5 / 5✘No✔Yes✔Yes
PrimeXBT 3.0 / 5✘No✔Yes✔Yes
NAGA 3.8 / 5✘No✔Yes✔Yes
Plexytrade 2.8 / 5✘No✔Yes✔Yes
XM 4.5 / 5✘No✔Yes✔Yes
Eightcap 4.3 / 5✘No✔Yes✔Yes

Compare Mobile Crypto Trading

Are these brokers good for trading crypto on mobile?

Compare Mobile Crypto Trading
BrokerMobile AppsiOS RatingAndroid RatingSmart Watch App
AvaTrade iOS & Android4.3 / 54.0 / 5✘No
PrimeXBT iOS & Android4.6 / 53.8 / 5✘No
NAGA iOS & Android4.3 / 53.2 / 5✘No
Plexytrade iOS & Android4.8 / 54.7 / 5✘No
XM iOS, Android & Windows4.7 / 53.9 / 5✘No
Eightcap iOS & Android4.8 / 54.4 / 5✘No

Are the Top Crypto Brokers Good for Beginners?

Beginners should use firms that allow crypto trading with virtual money, alongside other features for novice investors:

Are the Top Crypto Brokers Good for Beginners?
BrokerDemo AccountMinimum DepositMinimum TradeEducation RatingSupport Rating
AvaTrade ✔Yes$1000.01 Lots4.5 / 54.3 / 5
PrimeXBT ✔Yes$00.01 Lots3.5 / 53.5 / 5
NAGA ✔Yes$10-$250 (location and tier dependent) 0.01 Lots3.7 / 53.9 / 5
Plexytrade ✔Yes$500.013.5 / 53.8 / 5
XM ✔Yes$50.01 Lots4.8 / 54.9 / 5
Eightcap ✔Yes$1000.01 Lots3.5 / 54.0 / 5

Are the Top Crypto Brokers Good for Advanced Traders?

Experienced crypto traders need powerful tools to elevate the trading experience:

Are the Top Crypto Brokers Good for Advanced Traders?
BrokerAutomated TradingVPSAIPro AccountLeverageLow LatencyExtended Hours
AvaTrade Expert Advisors (EAs) on MetaTrader✘No✔Yes✔Yes1:30 (Retail) 1:400 (Pro)✔Yes✘No
PrimeXBT ✔Yes✘No✘No✘No1:1000✔Yes✘No
NAGA ✔Yes✘No✘No✘No1:30 (EU and Middle East, 1:1000 (Global)✔Yes✘No
Plexytrade Expert Advisors (EAs) on MetaTrader✔Yes✘No✘No1:2000✔Yes✘No
XM Expert Advisors (EAs) on MetaTrader✔Yes✔Yes✘No1:1000✔Yes✘No
Eightcap Expert Advisors (EAs) on MetaTrader✔Yes✘No✘No1:500✔Yes✘No

Compare the Ratings of Top Crypto Brokers

See how the top crypto brokers compare in every core area following our latest tests:

Compare the Ratings of Top Crypto Brokers
BrokerTrustPlatformsAssetsMobileFeesAccountsResearchEducationSupport
AvaTrade 4.5 / 54.3 / 54.5 / 54.2 / 53.8 / 54.3 / 54.3 / 54.5 / 54.3 / 5
PrimeXBT 3.0 / 53.8 / 54.1 / 54.2 / 54.2 / 53.3 / 53.5 / 53.5 / 53.5 / 5
NAGA 3.8 / 54.1 / 54.2 / 53.8 / 53.4 / 53.7 / 53.9 / 53.7 / 53.9 / 5
Plexytrade 2.8 / 54.0 / 53.5 / 54.8 / 53.5 / 53.3 / 52.8 / 53.5 / 53.8 / 5
XM 4.5 / 54.8 / 54.5 / 54.3 / 54.0 / 54.5 / 54.3 / 54.8 / 54.9 / 5
Eightcap 4.3 / 54.3 / 53.6 / 54.6 / 53.8 / 54.0 / 53.5 / 53.5 / 54.0 / 5

Community Sentiment

See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.

Community Sentiment
BrokerOur Users' RatingTrustpilot ScoreTrustpilot ReviewsiOS App RatingAndroid App Rating
AvaTrade 4.3 / 54.8 / 5135904.3 / 54.0 / 5
PrimeXBT 4.8 / 53.1 / 54184.6 / 53.8 / 5
NAGA -3.3 / 541134.3 / 53.2 / 5
Plexytrade 3.0 / 54.2 / 5954.8 / 54.7 / 5
XM 4.6 / 52.0 / 531344.7 / 53.9 / 5
Eightcap 4.0 / 54.1 / 539094.8 / 54.4 / 5

How Popular Are These Crypto Brokers?

With rising numbers of scams in the industry, traders often prefer the most popular crypto brokers (those with the most clients):

Why Trade Crypto with AvaTrade?

AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets.

Jemma Grist Jemma Grist, Reviewer

AvaTrade quick facts

Coins
BCH, BTC, BTG, ETH, LTC, XRP, EOS, DASH
Crypto Mining
✘No
Auto Market Maker
✘No
Crypto Spread
BTC <1%, ETH 2%
Crypto Lending
✘No
Crypto Staking
✘No
Platforms
WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade
Minimum Deposit
$100
Regulator
ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)
Account Currencies
USD, EUR, GBP, CAD, AUD, ZAR

Pros

  • Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
  • The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
  • AvaTrade launched AvaFutures to offer low-margin access to global markets, then expanded in 2025 as one of the first brokers to add CME’s Micro Grain Futures, and then later in the year went further by integrating with TradingView.

Cons

  • AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
  • The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
  • While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.

Why Trade Crypto with PrimeXBT?

PrimeXBT is suited to aspiring traders looking for crypto derivatives alongside traditional markets like forex and indices, all tradable on an intuitive, web-based platform. The copy trading solution is also ideal for hands-off traders with 5-star ratings and performance graphs to help you find traders that align with your preferences and risk appetite.

William Berg William Berg, Reviewer

PrimeXBT quick facts

Coins
BTC, LTC, ETH, XRP, EOS, ADA, DOT, SOL, UNI, LINK, DOGE, BNB, ICP, SAND, PAXG, andmore
Crypto Mining
✘No
Auto Market Maker
✘No
Crypto Spread
0.05% BTC, 0.05% ETH
Crypto Lending
✘No
Crypto Staking
✘No
Platforms
PXTrader 2.0, MT5, TradingCentral
Minimum Deposit
$0
Regulator
FSCA, FSC, FSA, CNAD
Account Currencies
USD, EUR, GBP

Pros

  • The web platform and app were built for technical traders with advanced charting features, a customizable layout and multiple order types including one-cancels-the-other (OCO).
  • Maker and taker fees of at 0.01% and 0.02%, respectively, for crypto futures contracts are highly competitive within the industry.
  • PrimeXBT has added opportunities with new tokens for exchanging and funding, including 1Inch, Aave, and Injective.

Cons

  • Despite licenses from agencies like the FSCA, FSC, CNAD, and FSA, PrimeXBT lacks authorization from a top-tier body, making it higher risk than some other top-rated crypto exchanges and brokers.
  • Despite improvements like 7 metal additions, the around 350+ instruments still trails competitors, notably OKX with its 400+ assets.
  • Support response times and the choice of channels could be improved to provide active traders with quicker, more comprehensive assistance.

Why Trade Crypto with NAGA?

NAGA is a snug fit for beginners who like to learn by watching others, delivering a more advanced social trading network than the majority of CFD brokers, featuring a leaderboard with top traders by profit and win rate, and a one-tap autocopy function in the platform and app that’s a standout.

Christian Harris Christian Harris, Reviewer

NAGA quick facts

Coins
AAVE, ALGO, ATOM, BCH, BTC, LINK, DASH, EOS, ETH, FIL, IOTA, LTC, XMR, NEO, DOT, XTZ, TRX, UNI, YFI, ZEC
Crypto Mining
✘No
Auto Market Maker
✘No
Crypto Spread
Variable
Crypto Lending
✘No
Crypto Staking
✘No
Platforms
NAGA Platform, NAGA App, MT4, MT5, TradingView, TradingCentral
Minimum Deposit
$10-$250 (location and tier dependent)
Regulator
CySEC, FSCA, FSA, ADGM/FRSA
Account Currencies
USD, EUR, GBP, PLN

Pros

  • During testing, we were approved to begin trading very quickly; after we provided our ID and proof of address, approval was granted the next business day, and the onboarding process included a suitability questionnaire — a responsible step that some brokers fail to include.
  • NAGA stands out among social brokers for its wide range of assets, offering over 4,000 tradable options. These include forex pairs, stock, ETF, and index CFDs, commodity CFDs, crypto, and even exchange-traded futures, which are rare for retail clients.
  • NAGA Group AG, the parent company, is listed on the Frankfurt Stock Exchange and publishes audited financial statements. This level of transparency is not available with privately held offshore brokers.

Cons

  • The 1:30 leverage limit only applies to clients in the EU (under CySEC) and the GCC (through Abu Dhabi’s ADGM). Clients from LATAM, Asia, and Africa use the Seychelles or FSCA entities, where leverage can go up to 1:1000 and there’s no compensation scheme. This mix of high leverage and little protection is a risk, along with concerns about its suspended Trustpilot score in 2026.
  • NAGA’s pricing structure is tough on smaller accounts. There’s only one account type, but it has six tiers based on your deposit. The EUR/USD spread is about 1.7 pips at the Iron tier and drops to a competitive 0.9 pips at Diamond ($50,000 deposit) or 0.7 pips at Crystal ($100,000 deposit).
  • There are neither Raw nor ECN accounts available; the only means of securing competitive spreads is to advance through the VIP ladder by making a deposit of five figures, so traders who are sensitive to costs or who trade frequently must commit a large sum.

Why Trade Crypto with Plexytrade?

Plexytrade is a newcomer in the brokerage scene with attention-grabbing features like 1:2000 leverage, zero spreads on select instruments and fast execution speeds of less than 46 milliseconds. However, the absence of regulation is a significant concern, while the non-existent research and educational tools place it far behind industry frontrunners.

Christian Harris Christian Harris, Reviewer

Plexytrade quick facts

Coins
BTC, ETH, LTC, SOL, XRP
Crypto Mining
✘No
Auto Market Maker
✘No
Crypto Spread
1.1
Crypto Lending
✘No
Crypto Staking
✘No
Platforms
MT4, MT5, TradeLocker
Minimum Deposit
$50
Account Currencies
USD, EUR

Pros

  • The choice of accounts provides a solution for various trading styles, with Gold Raw appealing to day traders owing to its spreads from 0.0 pips.
  • There are various VPS packages starting from $50 per month, but they become complimentary once specific deposit thresholds are reached.
  • Sub 50ms execution speeds are fast enough for intraday trading setups.

Cons

  • With around 100 instruments, Plexytrade restricts the flexibility of investors who prefer to trade across various assets, especially compared to Blackbull with its 26,000 securities.
  • There are no social or copy trading features for inexperienced traders to replicate the trades of more experienced investors, trailing category leaders like eToro.
  • Plexytrade lacks regulation in major jurisdictions, significantly increasing the risks of opening an account and depositing funds.

Why Trade Crypto with XM?

With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years.

Christian Harris Christian Harris, Reviewer

XM quick facts

Coins
BTC, ETH, LTC, XRP, BCH
Crypto Mining
✘No
Auto Market Maker
✘No
Crypto Spread
Variable
Crypto Lending
✘No
Crypto Staking
✘No
Platforms
MT4, MT5, TradingCentral
Minimum Deposit
$5
Regulator
CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE
Account Currencies
USD, EUR, GBP, JPY, ZAR

Pros

  • XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
  • XM secured a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates in late 2025, strengthening its regulatory credentials and making it a strong option for traders in the Middle East.
  • XM has rolled out platform upgrades with integrated TradingView charts and an XM AI assistant, delivering faster execution, smarter analysis, and a sleeker, more intuitive trading experience.

Cons

  • Although trusted and generally well-regulated in some regions, XM also has global entities registered with the weak regulators like FSC (Belize) and FSA (Seychelles), whilst UK clients are no longer accepted, reducing its market reach.
  • XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable solution for a more beginner-friendly user experience with unique features.
  • While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.

Why Trade Crypto with Eightcap?

Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.

Christian Harris Christian Harris, Reviewer

Eightcap quick facts

Coins
BTC, ETH, LTC, BCH, XRP, XMR, DSH, EOS, XLM, ADA, TRX, DOGE, BNB, DOT, MATIC, VET, AXS, NEO, SOL, UNI, AAVE, KSM, THETA, CAKE, SUSHI, ATOM, XTZ, SNX, COMP, FLOW, EGLD, PUNDIX, RAY, ZIL, QTUM, BAND, OMG, FIDA, BADGER, NEAR and many more
Crypto Mining
✘No
Auto Market Maker
✘No
Crypto Spread
$12 (BTC)
Crypto Lending
✘No
Crypto Staking
✘No
Platforms
MT4, MT5, TradingView, TradeLocker
Minimum Deposit
$100
Regulator
FCA, ASIC, CySEC, FSC, SCB, FSA
Account Currencies
USD, EUR, GBP, CAD, AUD, NZD, SGD

Pros

  • Eightcap Challenges, the broker's prop trading firm, is multi-regulated, removing the third-party risks we commonly see with white-label prop firms, and its tailoring its funded accounts to crypto traders with around 150 crypto pairs, plus it's integrated into the TradingView interface.
  • Eightcap stands out with a selection of powerful trading tools and resources, including MT4 and MT5, and more recently the 100-million strong social trading network TradingView.
  • With tight spreads from 0 pips, low commission fees, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.

Cons

  • In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
  • The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
  • Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.

Regulatory variations may result in the unavailability of specific crypto brokers in some regions.

How Did DayTrading.com Choose The Top-Rated Crypto Brokers?

  • We selected crypto brokers that have earned the trust of our in-house experts year after year – helping to ensure your funds are secure. Regulation by respected bodies is a key component of that trust.
  • We favoured online crypto brokers that offer an excellent range of cryptocurrencies, from major tokens like Bitcoin to up-and-coming tokens, ensuring you have a wide range of trading opportunities. XTB stands out with a list of 45+ digital currencies, including crypto-fiat pairs like BTC/USD and crypto-crypto pairs like ETH/BTC.
  • We chose cryptocurrency brokers with platforms and apps that offer a terrific user experience with an easy-to-use design for beginners and excellent analysis tools for advanced traders. IG continues to tick these boxes for us, with its online platform excelling for its ease of use and MetaTrader, TradingView and ProRealTime serving advanced day traders.
  • We prioritized cryptocurrency brokers with low fees because we’ve seen that high costs can seriously erode the profits of active day traders, in particular. IC routinely impresses for its low fees, with tight spreads from 8.710 on Bitcoin, as well as no inactivity fees that can penalize casual investors.
  • We opted for crypto brokers with unique features that elevate the trading experience and your ability to discover market opportunities. Eightcap continues to impress here with its Crypto Crusher market scanner that’s great for finding live trading ideas.

Find out more about how we test brokers.

Methodology snapshot

What Is A Crypto Broker?

Crypto brokers provide an online platform to trade cryptocurrencies such as Bitcoin (BTC).

Unlike crypto exchanges that are generally used to buy and sell digital currencies directly and often operate with little to no regulatory oversight, brokers can be established firms that deal in other asset classes and have obtained multiple regulatory licenses, so we consider them as a more reliable and trustworthy way to trade cryptocurrencies.

Some cryptocurrency brokers may allow traders to directly buy and sell the crypto tokens, but most will provide trading through derivatives like CFDs.

These derivatives typically allow for leveraged trading, meaning you can magnify your profits (or losses) by a factor, though this is often at levels far below those mandated for other assets due to crypto’s volatility.

For example, the majority of crypto brokers we’ve reviewed offer 1:2 leverage on cryptocurrencies, while retail trading on traditional currencies is often available up to 1:30 in major jurisdictions like Europe.

Should I Trade With A Crypto Broker Or Crypto Exchange?

Crypto exchanges offer popular ways to trade tokens, since their clients can place buy and sell orders in the same way as you would on a stock exchange.

In addition, some exchanges offer margin trading and decentralized finance (DeFi) functionality that lets you put your digital assets to work.

So, why sign up with crypto brokers?

There are many good reasons – and foremost among them is safety. From the 2014 collapse of the Mt. Gox exchange to 2022’s FTX fiasco, the largely unregulated exchanges have time and again fallen foul of poor management, unscrupulous business practices or bankruptcy, losing clients’ assets worth billions.

System hacks have also plagued crypto exchanges. Even larger providers have not been immune.

Brokers offer similar services to exchanges, but many are overseen by reputable regulators, reducing the risk factor in our view. Although, it’s important to note that not every cryptocurrency broker is regulated for their activities in digital currency trading.

Since they are generally not wholly invested in the crypto sector, online brokers are also usually better able to withstand the crypto markets’ wild swings. eToro, for example, offers stocks and commodities as well as cryptocurrencies.

Finally, many cryptocurrency brokers offer derivative products such as CFDs or binary options that can be difficult to find on an exchange. These allow you to make leveraged bets on crypto assets without having to actually purchase and hold them – meaning you don’t need to worry about an exchange being hacked or about keeping their crypto keys safe.

Table showing crypto CFDs at IC Markets
IC Markets Crypto CFDs

What Do I Need To Start Trading Crypto?

The first step is to open an account with brokers that offers cryptocurrency trading.

As part of the sign-up process, you will normally need to provide contact details, verify your identity and make a minimum deposit (typically ranging from $0 to $500).

Most cryptocurrency brokers then offer the opportunity to trade tokens using fiat currency through pairs such as USD/BTC.

When you have decided on a crypto you want to trade, you can place an order directly through your brokerage platform or mobile app.

Whether you make a profit or loss, and the size, will depend on the direction and extent the market moves when you close the trade, as well as any fees.

Top Crypto Platforms - eToro
eToro Crypto Trading Platform

Bottom Line

Crypto brokers offer an excellent way to make short-term trades on digital assets, benefiting from the market’s notorious volatility while avoiding some of the risks associated with crypto exchanges.

Which crypto brokerage you choose to trade with is ultimately a personal decision. However, you can use our list of top-rated crypto brokers to find the right firm for your needs.

FAQ

Can Crypto Brokers Be Trusted?

We see crypto brokers as a step up from exchanges in terms of security since they tend to have better regulatory oversight and a longer track record.

That said, not all crypto brokers are necessarily regulated for their digital currency operations. Also, not all brokerages are equal in terms of service and security.

You should deal with one that is reputable and trusted.

Do Crypto Brokers Offer Leverage?

Yes, there are online crypto brokers that offer leverage. Rates are usually capped at around 2x (1:2) your deposit amount, however, some firms offer up to 5x (1:5) leverage on certain digital assets.

It’s worth noting that some regulators, including the UK’s FCA, have imposed blanket restrictions banning leverage for crypto markets.

Which Is The Best Crypto Broker For Day Trading?

Our analysis shows that our top-rated crypto brokers are all excellent options for day trading cryptocurrencies. They offer a good range of digital currencies including Bitcoin, low fees, great charting tools, access to margin trading, and are trusted.