Finding a bitcoin broker is definitely something every bitcoin trader needs to consider in order to actively engage with the cryptocurrency market. However, it’s challenging to identify the best bitcoin brokers because there’s just too many of them.
There are a few things you’d have to look out for when reading bitcoin brokers reviews. These include:
Location – you need to be very well aware of the current legislation of your country on the matter of cryptocurrency. Even if you’ve found the best bitcoin broker in terms of sheer functionality, if it doesn’t operate in your particular region there’s no use of it.
Trading Fees – given that this is likely to be your main expense when trading, fees are particularly important to consider. Upon examining a bitcoin trading platform, be it a bitcoin exchange, you need to make sure that their trading fees are aligned with the industry’s average.
Volume – looking at the order book volumes is also something that you might want to keep in mind. Regardless of whether you want to buy or to sell Bitcoin, you have to guarantee that there is enough liquidity on the bitcoin trading site that you’ll be able to execute your positions.
Deposit and Withdrawal Conditions – one of the main things that you should keep an eye out for is the limitation in terms of deposit and withdrawal. You have to know how much mone yyou’re able to put in or withdraw from the platform in order to tailor a strategy.
We at NewsBTC provide insights on some of the best bitcoin brokers in order to facilitate our readers in making a rather tough choice.
eToro is one of the most popular brokers and offers many different markets to trade and invest in a unique way. It allows you to trade & Invest in Stocks, ETF’s, Currencies, Indices, Commodities (CFDs) and cryptocurrencies such as Bitcoin, Ethereum, LiteCoin, Ethereum classic, Ripple and Dash. Another important advantage is their social trading platform. They allow traders to connect with other traders and investors, and provide copy function.
WCX is a crypto trading platform founded in 2017 by ex-Apple engineers. The platform has experienced record growth since it started, attracting traders from 190 countries with its speed, ease of use, and security. WCX is unique in the trading world as it allows users to trade financial markets using just bitcoin (BTC). It combines the speed and trading experience of a cryptocurrency exchange with the broad range of markets typically offered by traditional brokers.
PrimeXBT is a platform with diverse features, designed to meet the needs of all kinds of traders, irrespective of their experience levels. The platform is relatively new in the industry. Established in 2018, the creators of the platform have taken ample time to analyze other platforms, usage patterns of various segments of the trading community to develop a more refined tailor-made solution that resonates with the needs and wishes of traders ranging from newbies, amateurs to professionals.
LegacyFX is an international company providing brokerage services; the firm was originally founded in 2012. But, in 2017, LegacyFX rebranded and relaunched its services under new management, established itself as a leader in the retail industry. LegacyFX is MiFID-compliant and regulated by CySEC and the National Bank of the Republic of Belarus.
Online trading today is gaining momentum and as more people are getting accustomed to the particular aspect of trading, which is further encouraged by the number of trading platforms supporting it. ExpertOption is one such platform catering to a significant number of digital options traders.
PrimeBit is a P2P crypto-products trading platform. The users can exchange perpetual fixed value contracts on Bitcoin, Ethereum and Litecoin. PrimeBit has a complex engine hidden behind a simple user interface and easy to understand transparent rules. PrimeBit Ltd. aims at providing a better alternative to popular BitMEX services. The new platform offers a wide spectrum of leverage (up to 200x against up to 100x available in BitMEX) as well as fixed-point value contracts.
CryptoRocket is a proven online trading provider, offering trading with a wide variety of cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and more.