The Best Crypto Brokers – Financial Trends

If you are ready to take the plunge into the world of cryptocurrencies, choosing a broker to trade or invest in cryptocurrencies is one of the most important steps to your success in the crypto market.

The best cryptocurrency brokers

Since different brokers have different strengths, you need to find out which type of broker best suits your cryptocurrency interests. Some brokers offer a social trading platform where you can copy other cryptocurrency traders’ trades into your own account. Still others offer the ability to trade across a wider selection of altcoins.

Choosing the best crypto broker largely depends on whether it meets your needs as an investor or trader. The following list of crypto brokers has been chosen for various reasons to meet the needs of different cryptocurrency trading and investment styles.

eToro

With its social trading platform, eToro has fundamentally changed the way many people trade and invest. Social trading involves mirroring the transactions of another trader or investor on a special social trading account. Although you will earn proportionally the same amount as the trader you are copying, you will also take the same percentage of the losses that the trader has on their account.

pionex

Automated trading is an important service for crypto investors as the market is extremely volatile and there is often no time to take care of your trades. Pionex is free to join and has 18 custom bots for you to try, each offering a different strategy.

Here is a selection of trading robots:

  • Grid Trading Bot allows you to buy low and sell high within a specified price range.
  • The leveraged grid bot offers up to 5x leverage.
  • Spot Futures Arbitrage Bot helps retail investors earn passive income with low risk. The estimated return for this strategy is 15~50% APR.
  • The Martingale bot executes DCA buys and one-time sells to generate increasing profits.
  • The rebalancing bot helps you keep the coins.
  • Botten Dollar-Cost Averaging (DCA) makes repeated purchases at regular intervals to offset the effects of volatility.

The smart trading terminal also allows traders to set stop loss, take profit and subsequently in one trade. When you trade with Pionex, you only pay 0.05% producer and receiver fees, and you can even trade manually if you wish. For large traders with accounts over $300,000, there is also the opportunity to participate in the Market Maker program where maker fees drop to zero.

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You can trade on the go with the Pionex app, create your account to generate passive income, or let the app build on tokens that you intend to hold for years to come.

Caleb & Brown

Caleb & Brown’s goal is to introduce cryptocurrencies to clients who may not understand the market. With personalized service, you get global access to liquidity that makes trading easier and more affordable.

You can also trade more than 1000 assets with extra high security for your account. You work directly with a broker who will help you make the best investment decisions.

Since Caleb & Brown is an Australian company, you also have access to XRP, TFuel and Theta, which is not possible on US exchanges. Talk to your broker about paying for college, retirement, saving for major purchases, planning vacations, and more.

Interactive brokers

Did you know that most cryptocurrency exchanges charge a spread on your buy or sell orders? This means you have to pay extra for your cryptocurrencies. For example, an exchange that charges a 1.5% spread will charge an extra $75 for every $5,000 you invest on the platform. Fortunately, Interactive Brokers is one of the few platforms that does not charge a spread, so you don’t have to worry about hidden fees.

Coin base

One of the largest and oldest cryptocurrency exchanges is Coinbase. It currently serves 43 million users in over 100 countries. Coinbase has extensive educational resources and an intuitive interface that is ideal for new traders and investors.

The exchange also provides its customers with a hosted wallet and offers worldwide customer support. Coinbase is an excellent choice for those who are new to the cryptocurrency market and do not want to use social trading services.

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iTrustCapital

iTrustCapital is one of the few cryptocurrency brokers where you can trade and store physical gold in your Individual Retirement Account (IRA). You can also trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) in your IRA. iTrustCapital provides you with a Curv personal wallet for your crypto transactions.

WeBull

If you plan to have a portfolio of stocks and cryptocurrencies, WeBull is a great all-in-one option. The platform supports popular cryptocurrencies such as Dogecoin, Bitcoin, Ethereum and other altcoins and makes it easy to diversify your crypto portfolio. WeBull allows you to trade cryptocurrencies instantly, which is an important feature in volatile markets like the crypto industry.

Voyager

By connecting to more than a dozen of the most trusted and secure crypto exchanges, you have access to the largest crypto trading market in the world. Voyager gives you faster, more reliable performance, plus:

  • Access to several centers
  • Commission-free trading

Robin Hood

Among the best options for beginners who want a simple, easy-to-understand layout without all the bells and whistles that other brokers offer is Robinhood. Although trading options and account types are limited, even a complete novice can quickly master Robinhood’s intuitive and streamlined platform.

You can quickly access your tax documents and bank statements through the app, and you can create an account and start financing in just 10 minutes. Making a trade is also just as easy. Short explanations of each buy and sell order next to each option help you learn – a great feature for beginners.

BlockFi

BlockFi Interest Account (BIA) allows you to secure your assets in the crypto market. Watch your wealth grow by adding cryptocurrencies to your BlockFi interest account as your balance increases in value and helps you earn crypto interest. BlockFi offers you 8.6% on stablecoins and up to 6% on Bitcoin.

Here is an example of how you can benefit from BlockFi:

If you invest $10,000 in stablecoin with BlockFi, you can earn up to $860 per year. If you compound this sum over 5 years without increasing your balance, $10,000 becomes more than $15,000, giving you an average passive income of $1,000 per year.

Remember that BlockFi is a crypto platform that does not act like a traditional bank. This is a great way to trade crypto, but the platform is not FDIC or SIPC insured, so budget accordingly.

At the same time, this fintech company could be the economy of the future, giving you the opportunity to take charge of your finances without a broker-dealer interfering with your thought process.

IFC Markets

The IFC Markets platform allows you to invest in a wide range of cryptocurrency products as well as other assets. Small volume, intraday and midday traders will benefit from IFC as they can learn from IFC’s 15 years of experience. IFC Markets, which is insured by AIG Europe and has won several international awards, also allows you to create synthetic assets.

Cryptocurrency CFDs on Bitcoin and Ethereum and CFDs on crypto futures give you the variety you need to diversify your portfolio with unique asset classes. You can also use a leverage of 1:8 and benefit from low spreads and low minimum amounts.

This post first appeared on Benzinga:

https://www.benzinga.com/money/best-cryptocurrency-brokers

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