That’s why I decided to find the best top 10 forex brokers accepting Bitcoin for deposit and withdrawal. Although there are some forex brokers apply Bitcoin as a way of transactions, most brokers in the . Born in , now Etoro is a leading broker which used to introduce Bitcoin trading in and added other cryptocurrencies in With its headquarters located in Israel, it serves residents of over . Best Bitcoin Trading Platform. TradeStation - Best Trading Platform; Coinbase - Best Crypto Exchange; eToro - Low Fees; Kraken - Maker-Taker Fee Schedule; Bittrex - Most Altcoins; Gemini - Offers .
Best brokers btcTop 15 Best Forex Brokers That Offer Bitcoin (BTC/USD) Trading
Coinbase - Coinbase. After launching its first product, it has since grown to service over 9 million users with an innovative platform that continually evolves to be one of the largest social networks globally, with clients in over countries. Blockchain fees are applicable for sending and receiving.
However, eToro does charge a conversion fee of 0. Minimum withdrawal amounts and fees are also imposed for each type of cryptocurrency. The minimum bitcoin withdrawal amount is 0. Kraken - Kraken. This fee schedule, is more competitive than competitors like Coinbase and Gemini. Kraken Platform.
Bittrex - Bittrex. Bittrex Homepage. Gemini- Gemini. Overall, Gemini is the most expensive crypto exchange included in this guide, charging more than five times what other exchanges would charge for the same transaction. Gemini Homepage.
Robinhood Robinhood Crypto does not charge a commission for placing crypto trades; however, it generates tiny profits from each order as it is routed. This routing practice, known as payment for order flow PFOF , is also how Robinhood makes money from stock trades. In their user agreement, Robinhood Crypto states that they may receive activity-based rebates from Crypto exchanges, brokers, and market-makers, among other crypto intermediaries.
Bottom line, since Robinhood is not transparent with its pricing structure, there is a possibility the all-in costs per trade are actually much higher than some competitors. The service also offers an easy-to-use leverage calculator for more accurate conclusions. BaseFEX is a broker for trading derivatives such as Bitcoin futures, for example. The team of this company is located in Hong Kong, though it is registered on the Seychelles.
All the trading pairs can be found lower next to multiple charts which can be helpful for traders. Being one of the popular Bitcoin brokers with low fees, the last one is considered to be a difference between the taker and maker fees. There are no deposit and withdrawal fees too. Users of the platform will appreciate the Trade dashboard as well as over 50 different indicators to come in handy to them.
There are 11 contracts offered and each of them is described in the smallest details for user comfort. The broker website can be accessed from the web or mobile app developed for this purpose.
It aims as traders of Asian countries predominantly, but the platform is being translated in several languages including not only English, Japanese, Chinese, Korean but also Russian, Turkish, Vietnamese and Portuguese to increase the number of users from other countries. Both experts and newbies can access this trading platform since in addition to multiple professional tools and indicators, there is a demo mode to learn trading.
Despite not taking trading fees, there are funding fees for open positions taking place within equal intervals of time — every 8 hours. One more way of earnings for a broker is a spread, the difference between the bid and ask prices.
Originally, it was the only way of trading, but now users can choose between a spread and a fee for every position opened. Withdrawals are free but require ID verification.
The broker supports trades of 9 crypto pairs in the form of perpetual contracts. It has added several new features since the release too. In addition to a Stop Loss feature and advanced charting, the trading service also offers simple charting, intuitive interface which gets responsive on mobile devices, trade confirmation feature that offers to learn the details of the trading position, etc.
One more great feature is two different margin allocation modes including Isolated Margin or Cross Margin for better risk management of traders.
In addition to earning on trading, there is an affiliate program rewarding users who attract new traders. If there are any questions, a trader can turn to live chat support pressing the button at the bottom on the right, while more email alerts will provide explanations about your account when it requires special attention.
DeriBit is a broker platform to trade Bitcoin and Ethereum options and futures operating since It features an ultra-fast trade matching engine with less than 1MS Latency. Other important features of this broker are real-time auditing, liquidation, and risk management. The broker operates a maker-taker fee model. The fee is calculated as a percentage of the underlying asset of the contract. Deposits are free and require only 1 confirmation on the network.
Withdrawals can be instant or take some time to be completed, there is also a small fee which depends on the current state of the Bitcoin network. Fiat currencies are not supported while both deposits and withdrawals are processed only in Bitcoin.
Nowadays, users of over countries trade on the platform. The broker offers 10BTC of virtual funds for every trader to try the platform in a demo version. To start trading it is enough to register an account and make a deposit. Bit Seven is a broker that offers a high profit with low investment. This is a Bitcoin platform which offers leverage for Bitcoin, Ethereum, Litecoin, and Ripple trading. Over 1. To register on the platform, it is enough to provide a name and an email as well as a mobile phone to set the 2-factor authentication.
The next step is to fund an account sending Bitcoin to it — other payment methods are not supported. Since the platform supports three more coins, it is possible to exchange Bitcoin for any of them after depositing.
The same should be done to withdraw earnings received, there is also a network fee of 0. The maximum daily withdrawal is 10 BTC. It is also possible to set auto-sell rules to maximize profit and minimize losses. To exchange coins it is necessary to pay a flat fee of 0. Trading fees depend on the coin chosen: 0. Since the number of Bitcoin brokers is growing incessantly, it is important to understand how to choose the best platform for trading cryptocurrency.
One of the first factors evaluated by traders nowadays is fees, of course, but it is not the only thing to consider selecting a broker. Therefore several more features to pay attention to. There are countries where crypto trading is prohibited or restricted because of some reasons, that is why it is important to check if a broker is eligible to operate in the country you live in. It is important to ensure that there is enough order book volume and traders to satisfy your orders before registering on the website.
A transparent broker platform will audit information regularly and provide information about its cold storage regularly. Not all payment methods used for depositing money are suitable for withdrawal too. Moreover, each platform has its daily limits both on depositing and withdrawals.
The last ones can be also paid additionally. Every crypto holder demands improved security level to store the assets, so the cold storage supported by BitFinex is a great idea. It is good to choose a forex broker that offers two-factor authentication.
The best forex broker would offer the most competitive commission rates and reasonable fees. The spreads offered by the broker should be in tune with your specific requirements. It is particularly important to choose a broker that offers a demo account.
The trader can practice a few dry runs before trading in the real markets. The trading platform offered by the user should be easy-to-use, navigable and rich with features.
Ensure that your style of trading is compatible with that of the broker that offers Bitcoin trading. Choose a forex broker that offers a reasonable amount as minimum deposit, fair withdrawal and payment terms, acceptable leverage ratio, terms of trading and other features.
Choose a forex broker that offer good and reliable customer service options. The best forex broker has on offer a number of trading tools, tutorials and guides that would help the trader in his endeavor. Etoro is the latest among Forex brokers to make a foray into offering trading with Bitcoins. They offer CFDs. However, this site is not recommended for day traders as traders can enter and exit trades only up to four times in a day.
This broker uses Bitstamp as data feed for price references. It is to be noted that they do not accept US clients. The leverages offered are and , respectively. For both the contracts, data feed used is from BTC-E.