Cryptocurrency traders and investors must be keen on their moves to increase their success chances. One way to do so is by investing with the best crypto broker that meets your requirements. You should consider a broker’s security, reliability, availability of your preferred crypto asset, support service, etc. We also advise our readers to review other users’ testimonials to fully understand a broker’s performance and make the best decisions.
However, finding the best cryptocurrency broker is not an easy feat. You must thoroughly research the crypto market, testing and comparing as many crypto brokers as possible. Sadly, many cryptocurrency investors lose their patience during research since finding the best broker can be overwhelming and time-consuming. In this regard, we tested online crypto brokers, so you do not have to. Below are the top three recommendations based on our findings.
eToro is one of the best cryptocurrency brokers 2022in because it is user-friendly and has an intuitive design to accommodate all types of investors. eToro hosts over 35 crypto assets, including Bitcoin, Ethereum, Litecoin, Dogecoin, etc. The broker also allows you to trade crypto crosses and diversify your portfolio using other asset classes such as forex, stocks, commodities, etc.
To access eToro and trade or invest in cryptocurrency, you must make a minimum deposit of $50. Deposits are free but expect to incur withdrawal fees depending on the payment method you use. Fortunately, the broker hosts an in-built cryptocurrency wallet for securing your purchased assets. Plus, you get to interact with other crypto investors on a social platform and copy positions with increased potential on a copy trading platform.
There are a gazillion learning materials eToro offers, from guides and articles to recorded videos and webinars. Newbies can take advantage of these resources to boost their skills. Plus, there is a demo account you can gauge your skills with before investing in the live cryptocurrency market.
Pepperstone is another best cryptocurrency broker with simple designs and user-friendly platforms. Besides trading crypto on its TradingView platform, you can also choose from cTrader, MT4, and MT5. Like eToro, Pepperstone hosts a social trading platform that connects crypto traders to socialize and share crypto trading ideas. You only need a minimum deposit of $200 to get started.
Unfortunately, you can not purchase crypto assets with Pepperstone and take ownership. Instead, the broker only allows you to trade the featured assets as CFDs. Some of the supported cryptocurrencies you can access include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, etc. With Pepperstone, you can enjoy leverage on CFD cryptocurrency trading of up to 2:1 regardless of the platform you trade with. Simply be careful with applying leverage and invest with money you are comfortable losing.
Pepperstone is available for desktop and mobile devices to allow you to manage your positions on the go. It features other asset classes for traders looking to diversify their portfolios. You can test it out via its demo account and decide whether it meets your cryptocurrency trading requirements.
3. IG Markets
If you are an experienced trader looking to take CFD positions in cryptocurrency, then IG Markets is a viable choice. The broker offers numerous crypto assets, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Stellar, NEO, and EOS. All these assets can be traded on superior platforms loaded with quality resources for market analysis and strategy development. IG Markets prides itself on executing trades fast, thus allowing you to take advantage of potentially profitable opportunities.
Like Pepperstone and eToro, IG Markets features a social trading platform where you can connect with other crypto traders from global regions. It also hosts an IG Academy that offers numerous learning resources for skills development. Plus, this broker makes research procedures easy by supporting its users with adequate market analysis materials. Although you need a minimum deposit of $300 to access IG Markets and pay high fees, IG Markets is worth investing in since it has numerous resources to maximize your potential.
The cryptocurrency market is highly volatile, and every trader needs the best broker that will make it easier for them to successfully manage crypto positions. However, having the best broker is not enough, and you must also be dedicated to analyzing the crypto market and selecting the best digital asset you are familiar with. Most importantly, create solid strategies and track your positions to ensure everything works out as planned.
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