10 Best Crypto Brokers in 2022 – Brokers for Crypto Trading

best crypto brokers and crypto exchanges

Today, cryptocurrency trading has become a part of most people’s lives. Someone invests 50 USD, someone – 1000 USD, and someone comes to larger sums. However, all these people have one thing in common – they are all looking for an honest, safe, experienced and profitable broker. Online brokers are a gem for novice traders because they can guide them, and offer the best deals, useful educational materials, and demo accounts.

Today we will take a look at the TOP 10 crypto brokers around the world, talk about their main advantages and disadvantages, and discuss the trading fees and general reputation on the market. Also, our team will be happy to share information on how to check a crypto broker, what types of trading fees they charge, and so on.

Robinhood – One of The Most Popular Crypto Brokerage Services

Robinhood is the most popular platform not only for cryptocurrency trading but also for other financial investments. Users can trade stocks, options, cryptocurrencies, etc. A large influx of users came to Robinhood when everyone realized that it was a surprisingly easy-to-use platform. The very good news for beginners is that the minimum deposit to use Robinhood is $0, meaning you can deposit $10 and test the platform.

In addition to the desktop version, Robinhood offers a simple but very coolly designed mobile application. Registering it is just as quick and easy. There is also a separate section with news about digital currencies, where the main financial updates are accumulated from the most famous sources such as Reuters, Barron’s, and CNBC Business. You can use this news to conduct a fundamental analysis and buy and sell digital currencies.

Pros

  • 🟢 No Minimal Deposit
  • 🟢 Convenient Mobile App
  • 🟢 Great Selection of Digital Currencies

Cons

  • 🔴 Sometimes Slow Customer Support
  • 🔴 Several Criticism Situations

eToro – The Most Experienced Trading Platform to Trade Crypto

eToro is a trading platform that has been providing crypto brokerage services for a long time, and it has been conducting its main activities since 2007. In the field of crypto trading, you always need to not only match, but also be better than your competitors, and eToro succeeds in this. Their mobile app is fast, easy to use, and the best crypto trading app for beginners.

eToro has one of the highest levels of security and is regulated by two regulators – Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). eToro, unlike Robinhood, has a minimum deposit which is equal to $10. Also, eToro has a bit high trading fees if you want to do cryptocurrency CFD trading. If you are looking for the lowest trading fees, then you can just switch to physical cryptocurrency trading.

Pros

  • 🟢 Convenient Mobile App
  • 🟢 Decent Reputation & Big Experience
  • 🟢 Available VIP perks

Cons

  • 🔴 High Fees for CFD Cryptocurrency Trading

Capital.com – User-Friendly Platform for Crypto Trades & Futures Trading

Capital.com has been offering cryptocurrency trading services since 2016. The first thing that distinguishes this crypto trading platform is the minimum deposit – you can invest a minimum of 20 USD if you pay by credit or debit card, and 250 USD while depositing using a bank account. The platform is very easy to use, and we can definitely recommend it to newcomers in the field of cryptocurrency trading. The only thing that we did not find on the dashboard are price alerts, and this may be inconvenient for some crypto traders.

Capital.com has its mobile app, which is overall perfect, fast, and easy to use – we did not find any lacks here. Also, the app is available in more than 20 languages, and the desktop version supports 40+ languages. Speaking of users’ convenience, we need to mention that Capital.com pays a lot of attention to education. Crypto traders can find plenty of educational materials on the website, and the mobile app offers a very cool education in the form of a game.

Pros

  • 🟢 Decent Reputation
  • 🟢 Convenient Mobile App
  • 🟢 A Lot of Educational Materials

Cons

  • 🔴 High Minimum Deposit from a Bank Account
  • 🔴 Lack of Price Alerts

Crypto.com – A Simple and Perfect Platform to Buy and Sell Cryptocurrencies

Crypto.com is a perfect cryptocurrency exchange, which supports more than 250 crypto pairs. The platform was launched in 2016, but for 6 years it managed to achieve amazing results. We always recommend this platform for newcomers because it has a very simple and well-designed mobile app. We can tell you more – you can get a free Crypto.com card shipped free of charge as well right to your door!

The cryptocurrency investing site is famous for its low transaction fee types. For example, the maximum trading fees you pay are 0.40%, and you can decrease them by trading frequently and/or holding the official Crypto.com token – CRO. And this is not the only reward for holding this token. You can do not only cryptocurrency trading here – you can stake, invest, buy and sell NFTs, etc. In general, our team likes this platform very much, and we are pleased with how it develops day by day.

Pros

  • 🟢 Decent Reputation
  • 🟢 Low Fees
  • 🟢 Convenient Mobile App

Cons

  • 🔴 Sometimes Slow Customer Support
  • 🔴 Confusing Fee Structure

Libertex – Modern Platform Suitable for Novices & Advanced Traders

Libertex – an honored veteran in the field of online brokers, which was founded in early 1997. Of course, it started offering cryptocurrencies later, but currently, Libertex offers more than 40 crypto coins for trading. With this cryptocurrency broker, you can trade only crypto CFDs (don’t worry if you don’t know what it is – we will discuss CFDs later). If you are a newcomer, we have very great news for you – Libertex offers a demo account with a trading balance of 50,000 USD. This means you can start learning and gaining practice and don’t lose your money.

Libertex is regulated by CySEC, which means it was checked on trustworthiness and money laundering activities. Libertex claims that it does not charge trading fees to buy and sell cryptocurrencies – this is an advantage that comes with CFD trading. One more thing we want to discuss is a welcome bonus offered by Libertex – you can get 100% from your first deposit funds, and the bonus amount is limited to 10,000 USD. But, there are some conditions: this bonus is paid as 10% of all trading fees you pay, and you have only 90 days to gather enough trading volume to reimburse the welcome bonus.

Pros

  • 🟢 Decent Reputation & Big Experience
  • 🟢 Convenient Mobile App
  • 🟢 Great Welcome Bonus Offer
  • 🟢 No Trading Fees to Buy and Sell Cryptocurrencies

Cons

  • 🔴 Hard to Get the Whole Welcome Bonus
  • 🔴 No Physical Crypto Trades

AvaTrade – Decent Crypto Broker with Plenty of Educational Materials

AvaTrade is a legit and regulated broker for cryptocurrency investments, which has been operating since 2006 – not bad! Currently, AvaTrade offers only trading CFDs in terms of trading cryptocurrency. Trading fees charged by AvaTrade are considered average on the market. Even more, if you are labeled as a Professional Trader on this investment advisor platform, you will pay even lower fees. We must mention one important thing – the minimum deposit on this platform is 100 USD, which is not always convenient for newcomers.

AvaTrade, like many other brokers, has a user-friendly application for digital assets trading. And we can clearly see that they continue to develop the app as the users’ demands are growing. Speaking about users’ demands, we must say AvaTrade offers a demo account, which is an amazing opportunity for those who want to learn.

Pros

  • 🟢 Plenty of Educational Materials
  • 🟢 Low Trading Fees
  • 🟢 Convenient App for Crypto Investors

Cons

  • 🔴 Does Not Accept US Cryptocurrency Traders

Interactive Brokers – A Broker-Veteran in the Trading Industry for Investment Advice

Interactive Brokers has been offering services on trading different financial assets, including particular stocks, since 1996. Most of the opinions expressed globally can quickly explain that this broker is legit and respected. With this one of the best cryptocurrency brokers, you can only trade Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Interactive Brokers platform also offers an app for experienced traders, but users’ ratings are average, so most cryptocurrency investors prefer using the desktop version.

The platform offers a very cool feature – access to technical analysis tools and different market data. Traders can access them for free (with some limitations, of course) or buy a subscription to get the full data from these online brokers. We can not say that this platform charges higher fees than its competitors. For example, fees to trade cryptocurrency vary from 0.12% to 0.18%, and they depend on your monthly trading volume.

Pros

  • 🟢 Decent Reputation
  • 🟢 Low Withdrawal Fees
  • 🟢 Access to Market Data & Technical Analysis

Cons

  • 🔴 Mobile App Can Be Improved

CryptoRocket – Online Broker with 30+ Cryptocurrencies for Buying and Selling

CryptoRocket is one of the youngest online brokers – it was established in 2019. First things first, this centralized exchange has low fees, and they depend on the asset you wish to trade. CryptoRocket is not regulated by any of the financial institutions, but the platform does everything possible to protect traders. Also, the cryptocurrency exchange offers a lot of educational materials in the form of guides, so feel free to read and learn!

As you already know, this crypto assets broker allows retail investors to trade 30+ cryptocurrencies. If you are afraid to lose, you can start with buying or selling coins using a demo account. As soon as you feel you can do margin trading on a real account, you can send some money to your account (the minimum deposit at CryptoRocket is 0 USD) and start to earn interest. We like this platform, because, unlike major exchanges, it is very beginner-friendly. So, if you are looking for a cheap and easy-to-use best cryptocurrency exchange, you can start your journey with CryptoRocket.

Pros

  • 🟢 Beginner-Friendly Platform
  • 🟢 Low Fees
  • 🟢 Plenty of Educational Materials

Cons

  • 🔴 No Regulations

Changelly – Secure Cryptocurrency Exchange with High Liquidity for Crypto Assets Trading

Changelly was established in early 2016 and has definitely deserved a place among the best cryptocurrency exchanges. First things first, this digital assets broker has no restricted countries and accepts deposits in every existing currency. The fees for fiat currencies and CFD trading are average – around 0.5%. This broker allows anonymous trading cryptocurrencies, meaning it does not require verification. Everything you need to open an account is your email.

One more big advantage of this broker is the number of cryptocurrencies for buying and selling – currently, it offers 200+ digital currency types. CryptoRocket allows you to connect your cryptocurrency wallet – Ledger, Trezor, Trust Wallet, or Exodus. So, we can say, that this is one of the cryptocurrency brokers that really care about the trading experience of their users.

Pros

  • 🟢 No Restricted Countries
  • 🟢 Low Exchange Commission
  • 🟢 Easy Crypto Purchases

Cons

  • 🔴 High Minimum Trade Limit
  • 🔴 Not Many Deposit & Withdrawal Options

Pepperstone – Experienced Cryptocurrency Exchange with Average Fees

Pepperstone has been active on the market since 2010 and is very popular all around the world. This cryptocurrency exchange is regulated by the Australian Securities & Investment Commission and the Financial Conduct Authority, which indicates high trust. With this broker, you can only trade digital currency using CFDs.

The minimum deposit at this platform is quite high – 200 USD. This means you need to be 100% you want to trade with this crypto broker’s representative before making deposit funds. Pepperstone has a mobile app, which can be downloaded to Android and iOS, and it offers the same features as the desktop version. By the way, before you start trading using an app or PC, you can try this platform on a demo account.

Pros

  • 🟢 Decent Reputation & Experience
  • 🟢 Many Trading Pairs
  • 🟢 Low Fiat Currency Fees

Cons

  • 🔴 High Minimum Deposit

What Is a Crypto Broker?

Crypto brokers are companies that act as an intermediary between traders and the crypto market by offering liquidity to buy and sell crypto assets. Frankly speaking, there are plenty of crypto brokers, and it is very hard to find a good one. A good crypto broker, like most cryptocurrency exchanges, should offer great customer service, margin trading, a decent reputation, fiat currency, stocks, indices, and crypto trading, so cryptocurrency investors can earn interest.

Sometimes people are confused because they don’t understand why brokers can be called cryptocurrency exchanges. Actually, some brokers can really act as crypto exchanges, because you can put Bitcoin on your account and then swap it to Tether or Bitcoin Cash. So, if you are looking for a crypto exchange with plenty of useful features, low fees, and different investment opportunities, you can freely choose online brokers.

How to Check an Online Broker?

It is vital to invest in crypto markets using trusted and reviewed crypto exchanges and/or online brokers. Unfortunately, there are so many people out there who have chosen a broker blindly and lost all the money.

But! You are very lucky because our dedicated team does this job for you. Below, we will tell you how we rank and review online brokers for cryptocurrency transactions.

License

When we talk about investment – any kind of it, it is as clear as day that we should be attentive while choosing the service where we will store our money. License is crucial, and our team always reviews if it is present, active, and issued by a reputable financial authority. You can always trade with a crypto exchange with no license, but only if you are sure it is secure and will not steal your money.

Reputation

When reviewing the reputation of cryptocurrency exchanges, we pay attention to the reviews from the crypto exchange users. You may say: “What if the bad reviews are written by competitors?“, and you will be right! But, there are places to read reviews from real users like TrustPilot or Reddit. Also, we monitor the news and updates about the company to ensure nothing bad or harmful to traders has happened before.

Trading Commissions and Payment Fees

The best crypto exchange always offers low or, at least, average trading fees, deposit, and withdrawal fees. Here, our team conduct deals on the platform to calculate the fees and to see if they are really low and there is a sense to recommend the crypto exchange. Most novice traders usually look for the cheapest brokers in terms of fees, and we are here to help them. Also, some brokers promise low fees or none to attract clients, and then just freeze their accounts. We need to be sure you will not find yourself in such a situation.

Limitations on Deposits and Withdrawals

Limits on payments never mean the service is bad or good – they indicate if each trader can afford the registration. We always state this moment, because experienced traders are ready to invest 200+ USD, and newcomers prefer to start with 10 USD to check the service.

Payment Methods

The best cryptocurrency exchanges offer different methods to deposit and withdraw – a credit or debit card, bank transfers, e-wallet, cryptocurrencies, online payment systems, etc. The bigger the selection is, the better trading experience traders will have.

Customer Support

We think you will agree when we say that customer support is one of the vital characteristics of crypto exchanges. When you have an issue, even the smallest one, you need to contact customer service, and you want to receive an informative answer within hours. We evaluate the speed of the answer and the ways you can contact the team – email, chat, phone, etc.

Leverage

Best crypto exchanges offer leverage for advanced trading, and it is very appreciated by cryptocurrency traders. We check the minimum leverage applied – it is always different from one platform to another. Also, we review if there are any pitfalls while using these leverages.

Cryptocurrencies – Advantages & Disadvantages

We suppose many people who read this content have had no experience in crypto trading. You may trade Forex, stocks, or indices, but you need to examine the crypto trading.

Why?

We know many Forex traders who decided to leave this field and start trading crypto because of its volatility, for example. Let’s check why cryptocurrencies are different and better than fiat currencies or stocks.

Advantages of Cryptocurrencies

High Security and Privacy

Cryptocurrencies work on blockchain, which means no one and never (unless you make a screenshot or your transaction and send it to a particular person) will know who send the payment and who is the recipient. This is a great advantage for those who value anonymous trading.

Low Fees for Payments

Cryptocurrency fees are extremely low. For example, while making a deposit or withdrawal with Tether, you will pay 1 USD of fees. Anyways, no matter what coin you will choose for your payments, you will pay 2-3 USD of fees, and the amount of the transaction does not matter.

Volatility – A Chance to Win

Crypto is famous for its high volatility – there are no assets with the same volatility. This is a good chance to win some money because you can open a trade and close it with 50% of profit in 2 hours. Of course, to open such a deal, you need to conduct the technical and/or fundamental analysis before.

No Governmental Influence

Government can not control cryptocurrencies, unlike fiat currencies. This is good because it gives freedom to traders and services. You can deposit and withdraw unlimited sums of money, and no one is going to know about it (unless you want to declare your crypto and pay taxes).

No Geo Limitations

Cryptocurrencies can be sent and received from and to every country in the world. Plus, the fees and speed of transactions do not depend on your location. That is why many people prefer to send money to other countries using crypto.

Fees Charged by Crypto Brokers

As we have already said, the fees of crypto exchanges play a very big role in choosing the service for investments. That is why let’s check what fees you will pay while working with the best crypto exchange.

Trading Fees

Fees for traders usually differ based on the assets you trade, and your monthly trading volume. There are some crypto exchanges that don’t charge trading fees, most of them require you to pay 0.2%-0.9% of the trade amount each time you open a deal.

Fees may be lower if you have a big trading volume, hold the platform’s native token, etc.

Deposit Fees

Traders pay these fees when sending money to the broker’s account. Platforms don’t usually charge any fee for deposits, but you will always pay some commissions to the service you are using to make a payment. The fees vary from one service to another, but sending from cryptocurrency wallets or exchange is the cheapest option.

Withdrawal Fees

The same goes for fees you pay when withdrawing the money from your broker’s account. Here, some brokers charge money for withdrawals – but not many of them. Anyways, you will pay fees for sending the money to the service you use for it.

What Is a CFD Crypto Broker?

We are sure you’ve seen the term “CFD” already, so let’s discuss it before you open an account on crypto exchanges. CFD or Contract for Difference is an agreement between the buyer (investor) and the seller (CFD broker), where it is indicated that they should exchange the price of an asset between the time of the contract opening and closing.

Wow! Sounds crazy?

Let’s explain it easier.

Imagine you go to the platform and want to buy 1 BTC, hold it for 2 months, and then sell it. If you choose a CFD broker, you will be able to buy 1 BTC, but you will not own it – the broker will just “imitate” the process. You will not be able to send this 1 BTC somewhere. When 1 month passes, you will receive the difference – it may be negative (loss) and you will pay money to the broker, or positive (profit) and the broker will pay you money.

Crypto Brokers Apps for iOS and Android

We have talked a lot about brokerage apps, and you know it is crucial for an exchange to have a user-friendly app. Mobile apps have a lot of advantages, but the biggest one is the freedom of trading: you can invest in cryptocurrencies everywhere without bringing your laptop with you. Also, mobile apps for investing are famous because of the instant notifications. If you know what broker you will work with, let us show you how to download the app for trading.

How to Download a Crypto Broker App on iOS?

1️⃣ Visit the website of the broker and check if it offers the app.

2️⃣ Click on the link to the app or find this app in AppStore.

3️⃣ Download this app – it will take 1-2 minutes.

4️⃣ Set up the app, log in, or sign up.

5️⃣ Start trading and enjoying the mobile benefits.

How to Download a Crypto Broker App on Android?

1️⃣ Visit the crypto exchange website and check if it has an app.

2️⃣ Click the link on the website or find this app in Google Play.

3️⃣ Download this app – it will take 1-2 minutes.

4️⃣ Set it up on your phone, then log in or sign up.

5️⃣ Start trading cryptocurrencies!

Crypto Brokers by Country

Crypto Brokers in 2022 – FAQ

🤑❓Do I need a crypto broker to trade cryptocurrency?

If you want to have a great selection of indicators, trading pairs, educational material, and excellent customer support, we recommend you work with crypt exchanges or crypto brokers. On our website, you can find the list of the best online brokers and their informative reviews.

🤑❓How do crypto brokers earn money?

Crypto brokers earn money from different types of fees traders usually pay. Also, some of them charge subscriptions to educational materials or market data.

🤑❓Which crypto broker has the lowest fees?

There are many brokers who charge low fees, for example, CryptoRocket, Crypto.com, AvaTrade, etc. You can always monitor our website to see fresh updates on the fees and to observe new crypto exchanges with the lowest fees.

🤑❓What is the best crypto broker?

The best crypto broker is a service that has low or average fees, a big selection of crypto trading pairs, good and regular customer support, a decent reputation, many deposits and withdrawals methods, educational materials, etc. If you find it hard to find the best online broker, you can always visit our site and check out recommendations.

🤑❓How to know if a crypto broker is trusted?

If you are not sure if a crypto broker is trusted, you can visit our website to check what our team has to say about it. Also, pay attention to the reviews, reputation, and availability of a license from a trusted financial authority.

🤑❓What is a CFD crypto broker?

A CFD broker is a company that can offer to buy or sell any crypto asset without actually holding it. The majority of online brokers offer only CFD crypto trading.

🤑❓Is it legal to trade with a crypto broker?

Yes, it is legal to trade crypto with a broker. The only thing we ask you to do is to carefully check the crypto exchange platform now to become a victim of scammers. We are always here to help you choose a good online broker and enjoy your trading journey.