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Author: Robert Sammut
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Robert Sammut

Compare Crypto Brokers

There are enormous profits available for the taking, one of the many benefits of crypto trading.

Cryptocurrency investing involves the buying and selling of digital currency assets. It shares a lot of similarities with Forex and is becoming a great way of making money online. Crypto brokers specialise in the trading of this digital cash and signing up to the best one for you is an essential factor to consider.

In this article, you will learn:

  • The vast benefits of cryptocurrency trading
  • How crypto trading works and what to watch
  • Why choosing a great broker really matters

What Makes a Great Broker

Crypto Sites

Like many other brokers, some factors make a good broker. From the bonuses that they offer to their licensing and regulation, competition is fierce, and you have the choice between numerous brokers. Let's take a look at some of the criteria that make a good broker:

Licensing And Regulation

Obviously, like any online transacting, if you are going to put your money somewhere, you need to know that it is in safe hands. Any platform where you are financially transacting needs to be licensed and regulated for you to be confident that your money is safe. Each country has its regulator and rules surrounding regulation, and you should always look for the licensing accreditation when you are selecting a broker.

Ease of Trading

With the evolution of technology, almost everyone transacts on the move from a mobile device. As long as you have a mobile phone and an internet connection, then you should be able to trade. You need to ensure that the broker offers a good mobile experience and that their platform is easy to navigate and use. If they don't have an app, then they should at least have a mobile-friendly website. Just visiting the site from your mobile device and having a look around will demonstrate if mobile trading is feasible.

Bonuses And Incentives

From $25 welcome bonuses to 100% match deposit bonuses you will find a whole host of incentives to encourage you to open an account with a specific broker. Make sure they offer all the other criteria that we discuss before you get drawn in though. Remember, you cant withdraw your bonus until it has been traded a certain number of times.

Customer Service

If something goes wrong, or if you have a question about an element of trading you need to know that there is someone there to help and advise you. Customer service can mean a 24-hour virtual assistant or someone on the phone in trading hours. A good broker will offer a high level of customer service.

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Cryptocurrency Bonus Deals

There are many types of bonus deals available across the many brokers. Of course, there is the favourite and widely offered welcome bonus which is open to all new traders. This type of bonus doesn't always require a deposit and can be used to test the platform before risking your cash.

More and more brokers are now offering no deposit bonuses to remain competitive. Other bonuses include a deposit bonus which varies from broker to broker. For some, it may be a percentage while others will match your deposit 100%.

There are specific criteria that come with these bonuses though. While you may get a bonus for signing up to the site you cannot withdraw the bonus until you meet a specific list of requirements. These include making a financial deposit and fulfilling a minimum trading volume.

One example of a broker requiring a minimum trading volume stipulates that before withdrawal $1,000,000 must be traded! Other factors need you to deposit cash within a particular time frame and proving your identity. You will be required to do this before making any withdrawal.

How Crypto Trading Works

Similar to Forex trading in which you trade actual currency pairs like USD/GBP, cryptocurrency trading involves the trading of currency pairs where one or both can be a form of digital cash. An example of a cryptocurrency pair could be Bitcoin against the USD or USD/BTC. We use Bitcoin as an example because it is the most widely recognisable, but there are many types of cryptocurrency:

  • Bitcoin - The most widely recognised and pioneer of cryptocurrency
  • Litecoin - Another early entry into the market following Bitcoin
  • Tether - Matches the market value as $1USD = $1 Tether
  • Ripple - Launched in 2012 and a major player in the cryptocurrency market
  • Ethereum - Used by application developers to pay for services on the Ethereum network

These currencies are what are known as World Financial Transactions and are among the most recognisable. There are many other niches within the cryptocurrency market including Application Platforms, Private Financial Transactions and Specialty Currencies. Each of these niches contains different currencies. If trading currency markets aren't your thing, you can try "Contract For Difference" trading, this type of trading spans many markets including stocks, shares and commodities.

While some people are yet to get to grips with cryptocurrencies, you may wonder if it is real money. The answer is yes! While you may not have physical coins and notes like with "real" money, digital cash is an entry on a database. It isn't unlike your real-world bank balance. Often you make a transaction, but you never see the actual money. When you are trading online, there is no difference between physical currency and digital currency except our perception of it.

One of the benefits of crypto trading is the potential profits available.

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How we Rate Crypto Platforms

As with all of our reviews and recommendations we don't just base our ratings on internet research alone. Our team of experienced traders use every platform to test the experience for themselves. They use their extensive years of successful trading experience to ensure that they check each site on every aspect of trading. Only when we are satisfied that they offer an excellent all-round service will we put our name to recommending them.

While there are many cryptocurrency platforms out there, our experience means that we know what we are looking for and ultimately, what you are looking for in a broker. We deposit funds just like any other trader, use the live platforms, test the customer service and make several transactions to get a good feel for the broker and the claims that we make.

We test all aspects of the website from its ease of use and trading on the move to the app that they may offer. We substantiate their claims through our own experience so that we can bring you enough information to make the right selection. Then all you need to do is read the reviews and select the best one for you, saving you hours trawling through the internet conducting your research.

Frequently Asked Questions


Is crypto trading regulated and safe?

Yes, crypto trading is perfectly legal in most countries. The majority of brokers will be licensed/regulated in their country of origin.

Can I trade without downloading software?

Not many brokers require you to download software to trade in cryptocurrencies. If you are unsure as to whether your broker needs downloads, you can check this out before you sign up to an account.

Do I need to start trading with real money?

No, many brokers offer a free demo platform or a no deposit sign up bonus meaning you won't have to spend anything.

How can I make deposits and withdrawals?

Deposits and withdrawals can be made using the traditional digital methods; credit/debit card, wire transfer or electronic payment systems such as Paypal and Skrill. Of course, Some brokers accept cryptocurrency.

What is a crypto broker welcome bonus?

You will receive your welcome bonus payment once you have completed the sign-up process. A no deposit bonus means that you can start trading without using real money.

Meet The Author
Robert Sammut
Robert Sammut
Trading Coach

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

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