Many people believe that cryptocurrency is the future of money. When you are ready to dive into cryptocurrency, choosing a broker to trade or invest in cryptocurrency is one of the most important steps to success in the crypto market. Get started now with Benzinga's selection of the best cryptocurrency brokers and choose the right one for you.
Best Cryptocurrency Brokers
Since brokers have different strengths, you need to know which broker suits your cryptocurrency interests. Some brokers offer social trading platforms where you copy the trades of other cryptocurrency traders at your own expense. Others may offer the ability to trade with a wider selection of altcoins.
Choosing the best crypto broker really depends on your needs as an investor or trader. The list of crypto brokers below has been selected for various reasons to meet the needs of different styles of cryptocurrency trading and investing.
1. iToro
eToro has revolutionized the way many people trade and invest with their social trading platform. Social trading involves mirroring the trades of other traders or investors on an individual trading account. Although you win proportionally the same amount as the trader you are copying, you will take the same percentage of the trader's calculated losses. You can trade both traditional investments like stocks, ETFs and cryptocurrencies on the same platform like eToro, making it a fantastic all-in-one platform.
Benzinga FinTech Award Winner for Best Multi-Asset Platform.
This advertisement promotes investments in virtual cryptocurrencies in the EU (by eToro Europe Ltd. and eToro UK Ltd.) and the US (by eToro USA LLC); Highly volatile, unregulated in most EU countries, without EU protection and not regulated by the EU regulatory framework. Investments are subject to market risk, including loss of capital.
2. Protect
Uphold is one of the best cryptocurrency brokers because of its great diversity and functionality It offers over 200 different cryptocurrencies, far more than most crypto exchanges. It also supports forward trading of stocks and metals. Moreover, the crypto placement site offers excellent interest rates if you are looking for passive income. If you trade a variety of assets including Bitcoin, Altcoins, Stocks and Precious Metals, Uphold is probably the best crypto broker for you.
3. GIS
HYCM is a leading Forex and CFD broker, it may not be your traditional crypto exchange, but it supports trading of more cryptocurrencies than most crypto trading platforms. HYCM uses CFDs or contracts for difference, complex financial contracts used to speculate on underlying assets. HYCM offers a wide range of cryptocurrency CFDs that allow you to bet on the price movements of the underlying cryptocurrency.
If you are looking for a world-class platform that offers Forex and CFD cryptocurrency trading, then HYCM is probably the best crypto broker for you.
3. Mudramama
Coinmama is one of the best exchanges available today. You can tell by the huge user base of 2.8 million people. It is a very popular option for foreign investors as it is available in 188 countries and its support for multiple fiat currencies is almost unmatched. You can use almost any fiat currency to buy cryptocurrencies (even if they only cost EUR or USD).
Coinmama is a great option for investors outside the US, but also great for US users (it's not available in New York or Hawaii). It offers low fees and good cryptocurrency trading options It's not the biggest option, but you can still trade some of the best cryptocurrencies on Coinmama.
the best
High spending limit
4. Caleb and Chocolate
Caleb & Brown's mission is to bring crypto to consumers who don't yet understand the market well. With personalized services, you get global access to liquidity, making trading easier and more accessible.
You can trade more than 1000 assets and the security of your account is specially enhanced. Only you can use your tokens and work directly with the broker to help you make the best investment decisions.
Since Caleb & Brown is an Australian company, you also have access to XRP, TFuel and Theta, which are not available on US exchanges. Talk to your broker about college expenses, retirement, saving for big purchases, vacation plans and more.
5. Interactive Brokers
Brokers Interactive offers many competitive advantages to active crypto traders. Did you know that most cryptocurrency exchanges charge a spread on buy or sell orders? This means you pay extra for your cryptocurrency. Fortunately, Interactive Brokers does not charge spreads, markups or additional content and offers low fees ranging from 0.12% to 0.18% of the trade value. Interactive Brokers offers companies Paxos Trust Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other digital tokens.
6. Public.com
With Public.com, you can enter the crypto space with no minimum number of accounts. Buy fractional crypto tokens if you want access to more expensive assets like Ethereum and Bitcoin. Read about crypto on public apps and remember you can find out what other investors are doing by following their social media feeds. For example, do you want to know what cryptocurrency Shaq is running? It's in the app.
Other public tokens include Cardano, ApeCoin, Dogecoin, Litecoin, Bitcoin Cash, Shiba Inu, Stellar, Ethereum Classic, Dash and ZCash.
Like any other asset, every cryptocurrency has a chart that shows its trajectory and you can also invest in a specific theme. This is important because crypto projects often have a specific theme or goal, but it's hard to keep track of who and what. Public.com will do all the work for you.
7. iTrustCapital
iTrustCapital is one of the few cryptocurrency brokers that allows you to trade and store physical gold in an Individual Retirement Account (IRA). You can also redeem Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) in your IRA. iTrustCapital offers you a personal Curve wallet for your cryptocurrency transactions.
Webull is a very good choice if you plan to hold a portfolio of stocks and cryptocurrencies. The platform supports popular cryptocurrencies such as Dogecoin, Bitcoin, Ethereum and other altcoins, diversifying your crypto portfolio. WeBull allows you to trade cryptocurrencies instantly, which is an important feature in a volatile market like the crypto industry.
Winner of the 2021 Benzinga FinTech Award in the Best Investment App category.
9. Robinhood
Robinhood is one of the best cryptocurrency brokers for beginner traders who want a simple and straightforward design without all the bells and whistles that other brokers offer. Although trading options and account types are limited, even a beginner can quickly get to grips with Robinhood's intuitive and efficient platform.
You can quickly access your tax documents and account statements through the app, and it only takes 10 minutes to create an account and start funding. Placing a trade is just as easy. Next to each option is a brief explanation of each buy and sell order to help you learn - a great feature for beginners.
10. IFC Market
IFC Markets offers you a platform that allows you to invest in various cryptocurrencies along with other assets. Small volume, afternoon and midday traders will benefit greatly from IFC and benefit from IFC's 15 years of experience. IFC Markets, which is underwritten by AIG Europe and has received several international awards, also allows the creation of synthetic assets.
Bitcoin and Ethereum CFDs CFDs and cryptocurrency futures CFDs give you the diversification you need to diversify your portfolio with unique asset classes. You'll also use 1:8 leverage, enjoy lower spreads and lower draws.
the best
Best suited for leveraged trading with multiple instruments
Advantages and Disadvantages of Cryptocurrencies
Trading and investing in cryptocurrencies often carries a high level of risk, as you can see from the volatility of Bitcoin and other digital currencies. Despite the disadvantages associated with cryptocurrencies compared to fiat currencies today (such as less liquidity and minimal payment options), the benefits of owning cryptocurrencies will increase as they become more common forms of payment.
Here is a brief summary of the pros and cons of cryptocurrencies
earnings
- Advances in security technology generally increase the intrusion into your privacy. Instead, all identities and transactions in the digital currency environment are strictly protected. Although most cryptocurrency transactions are very secure, you are still vulnerable to cybercriminals like hacking.
- Low Transaction Fees: Due to the elimination of middlemen like financial institutions, cryptocurrency transaction fees are relatively low.
- Decentralized: Not having a central exchange or authority governing cryptocurrencies is one of their defining characteristics. Many people believe that this is one of the biggest advantages of cryptocurrency and blockchain technology.
- Huge potential returns: You only need to look at a long-term Bitcoin price chart to get an idea of the returns you can get by investing wisely in the digital currency. The world of cryptocurrencies is still developing and evolving, so investing in the right digital currency can pay off significantly in the future.
error
- Acceptance: Since digital currencies have not yet become popular, most businesses will not accept them as payment for goods or services. This situation will eventually change as public opinion makes digital currencies more acceptable as a payment method. For example, PayPal recently allowed customers to store Bitcoin balances and plans to allow payments using this cryptocurrency in early 2021.
- Volatility: The market volatility seen in some digital currencies can lead to huge gains or huge losses. Trading and investing in cryptocurrencies is not for everyone, especially those with little pain or risk aversion.
- Taxation: According to the official website of the Internal Revenue Service (IRS), "Transactions in virtual currency are taxed under the law in the same manner as transactions with other property." This IRS website also includes links to how general tax principles apply to transactions using digital currency All in all, the cryptocurrency tax is no worse than other capital gains taxes.
- Illegal Activities: Since transactions made through digital currencies provide personal security, it is believed that many people operating illegally use digital currencies for illegal activities. These activities can include money laundering, dark web trading, and drug and human trafficking.
Dictionary of Cryptocurrencies
Like many other financial markets, the cryptocurrency market has developed its own terminology. Some key terms used by market operators are defined below
- Block : A set of transactions permanently recorded in a digital ledger that is regularized within each blockchain period.
- Blockchain: A cumulative list of blocks in chronological order in a peer-to-peer network where transactions are recorded.
- Cryptocurrency Exchanges : Also called digital currency exchanges, these are typically online companies that allow customers to exchange cryptocurrencies for fiat currency or other cryptocurrencies.
- Cryptocurrency Wallet : A secure digital account used to send, receive and store digital currency. একটি ক্রিপ্টোকারেন্সি ওয়ালেট একটি ঠান্ডা মানিব্যাগ হতে পারে, যা একটি অফলাইন পরিবেশে ক্রিপ্টোকারেন্সি সঞ্চয় করতে ব্যবহৃত হয়, বা তৃতীয় পক্ষের দ্বারা হোস্ট করা একটি ওয়ালেট। হোস্ট করা ওয়ালেটগুলি আপনার ব্যক্তিগত কীগুলি সঞ্চয় করে এবং আপনার ডিজিটাল মুদ্রার ভারসাম্য সুরক্ষিত রাখে।
- ডিস্ট্রিবিউটেড লেজার: বিকেন্দ্রীভূত নোডের একটি নেটওয়ার্ক বা একটি নেটওয়ার্কের সাথে সংযুক্ত কম্পিউটার যা লেনদেনের ডেটা সংরক্ষণ করে। বিতরণ করা খাতাগুলিতে ক্রিপ্টোকারেন্সি অন্তর্ভুক্ত করতে হবে না এবং ব্যক্তিগত বা লাইসেন্সযুক্ত হতে পারে।
- কাঁটা: একটি "চেইন স্প্লিট" নামেও পরিচিত, একটি কাঁটা হল একটি বিভক্ত যা একটি ব্লকচেইনের একটি বিকল্প সংস্করণ তৈরি করে, তারপরে 2টি ব্লকচেইনকে একই সাথে চালানোর অনুমতি দেয়। উদাহরণস্বরূপ, বিটকয়েন এবং বিটকয়েন ক্যাশ মূল বিটকয়েন চেইনের কাঁটা হিসাবে তৈরি করা হয়েছিল। আরেকটি ধরনের কাঁটা একটি "প্রকল্প" বা "সফ্টওয়্যার ফর্ক" হিসাবে পরিচিত। এটি ঘটে যখন একজন ক্রিপ্টোকারেন্সি ডেভেলপার একটি বিদ্যমান altcoin প্রকল্পের সোর্স কোড নেয় এবং একটি নতুন প্রকল্প তৈরি করে। উদাহরণস্বরূপ, Litecoin হল Bitcoin প্রকল্পের একটি শক্তি।
- ICO : একটি প্রাথমিক মুদ্রা অফার (ICO) ঘটে যখন একটি নতুন ডিজিটাল মুদ্রা বা টোকেন বিক্রি হয়, সাধারণত একটি ডিসকাউন্টে, বিনিয়োগকারীদের একটি প্রাথমিক গোষ্ঠীর কাছে৷ আইসিওগুলি ক্রিপ্টোকারেন্সি ইস্যু করা সংস্থাগুলিকে কয়েনগুলির বিকাশ এবং রক্ষণাবেক্ষণে সহায়তা করার জন্য জনসাধারণের কাছ থেকে অর্থ সংগ্রহের অনুমতি দেয়।
- মাইনিং : ক্রিপ্টোকারেন্সি নেটওয়ার্কে একটি গণনামূলকভাবে নিবিড় প্রক্রিয়া যেখানে একটি বিতরণ করা খাতায় লেনদেন যাচাই করে ব্লক চেইনে ব্লক যোগ করা হয়। খনি শ্রমিকদের তাদের সফল কম্পিউটিং প্রচেষ্টার জন্য পুরস্কার হিসেবে ডিজিটাল কয়েন দিয়ে পুরস্কৃত করা হয়।
আপনি কি ভবিষ্যতের জন্য প্রস্তুত?
ডিজিটাল কারেন্সি এবং ব্লকচেইন এক বা অন্য আকারে অর্থের ভবিষ্যত বলে মনে হচ্ছে। বর্তমান অস্থিরতা এবং একটি অর্থপ্রদানের পদ্ধতি হিসাবে ব্যাপক গ্রহণযোগ্যতার অভাব সত্ত্বেও, মনে হচ্ছে ক্রিপ্টোকারেন্সিগুলি অনলাইন অর্থপ্রদানের জন্য ক্রমবর্ধমানভাবে ব্যবহৃত হবে। এই কারণে, এটি একটি আকর্ষণীয় দীর্ঘমেয়াদী বিনিয়োগ হতে পারে, বিশেষ করে যদি আপনার ঝুঁকির জন্য প্রবল ক্ষুধা থাকে।
আমরা 20 বছরের মধ্যে কোথায় থাকব তা কারও অনুমান, কিন্তু ক্রিপ্টোকারেন্সি এবং ব্লকচেইন প্রযুক্তি ক্রমবর্ধমান প্রতিশ্রুতি দেখায় যা অর্থের জগতে গণনা করার শক্তি হিসাবে ক্রমবর্ধমান প্রতিশ্রুতি দেখায়। সেরা ক্রিপ্টো ব্রোকারগুলির মধ্যে একটি দিয়ে আজই শুরু করুন৷
সাধারণ প্রশ্ন
প্রশ্ন
ক্রিপ্টোকারেন্সি ব্রোকারের ভূমিকা কী?
or
ক্রিপ্টোকারেন্সি ব্রোকাররা ডিজিটাল মুদ্রার দামের উপর অনুমানমূলক চুক্তি অফার করে। মূল্য পরিবর্তন হলে চুক্তি কেনা বা বিক্রি করার অধিকার আপনার আছে, ডিজিটাল মুদ্রার নয়।
প্রশ্ন
ব্যবহার করার জন্য সেরা ক্রিপ্টোকারেন্সি ব্রোকার কী?
or
আপনি eToro, Robinhood এবং WeBull সহ বিভিন্ন ব্রোকার থেকে বেছে নিতে পারেন। সেরাটি আপনার প্রয়োজনের উপর নির্ভর করে এবং যদি এটি আপনার আগ্রহী altcoin সমর্থন করে।