If you want to buy Bitcoin with a debit card online, you will need to use a cryptocurrency or bitcoin broker. The process is super-easy, and merely requires 10 minutes of your time. Simply open your Bitcoin account with your chosen Bitcoin broker, deposit funds, and that’s it.With that said, knowing which cryptocurrency broker to sign up with is no easy feat, as there are now hundreds to choose from. In this article, we explore the best five brokers to buy Bitcoin in 2020. We explain key metrics such as the broker’s regulatory status, supported payment methods, tradable coins, and minimum deposit.On this Page:Our recommended Bitcoin Broker for 2020If you don’t have time to read through our top five picks, we would suggest opting for eToro. The regulated platform allows you to buy Bitcoin with PayPal and other methods, such as a debit/credit card, Paypal, Skrill, or a local bank transfer. Fees are also competitive, as the broker does not charge any trading commissions.eToro : Best Bitcoin Broker for 2020OUR RATING CySEC, FCA and ASIC regulatedPaypal acceptedBuy 15+ coins outright or trade crypto CFDsUS-friendly Visit eToro 75% of retail investor accounts lose money when trading CFDs with this provider. Crypto assets are highly volatile unregulated investment products. No EU investor protection.Top 5 Cryptocurrency Brokers 2020So now that you know what to look out for when choosing a Bitcoin broker, you’ll be sure to find a platform that best meets your long-term investing goals. However, if you don’t have time to perform your own research, why not consider the merits of the recommended brokers listed below? Each broker meets our strict set of requirements, such as holding at least one tier-one regulatory license, low fees and commissions, high trading volumes, and heaps of everyday payment methods.1. eToro - Best Overall Bitcoin BrokerOur top-rated Bitcoin broker is eToro. First and foremost, the platform is ideal if you're buying cryptocurrencies for the very first time. This is because the broker is easy to use, and it takes minutes to open an account. Moreover, the platform supports heaps of everyday payment methods - such as a debit card, credit card, bank transfer, Paypal, Skrill, and Neteller. If you check out our eToro review you'll see it is also strong in the fee department. For example, you won't need to pay any trading commissions, so it's just the spread that you need to look out for. You can also deposit funds for free, although withdrawals come at a small cost of $5 per transaction. On top of Bitcoin, eToro supports lots of other cryptocurrencies.This covers both fiat-to-crypto (like BTC/USD) and crypto-to-crypto (like BTC/ETH) pairs. We also list eToro as our number one cryptocurrency broker because of its Copy Trading Feature.This allows you to mirror the trades of other users, proportionate to the amount that you wish to invest. Most importantly, eToro is heavily regulated. This includes licenses with the FCA, ASIC, and CySEC. This ensures that your money is held in segregated bank accounts.Regulation: ASIC, FCA, CySECSpecial Features: Copy Trading feature allows you to copy the trades of other investorsDemo Account: YesEducational Material: Lots of educational guides for newbie tradersFees: No trading commissions, Average spreadsMinimum Deposit: $200Volume: High trading volumesDeposit and Withdrawal Conditions: Minimum withdrawal of $50Payment Methods: Credit/debit card, Paypal, Sofort, Rapid transfer, Skrill, Wire transfer, Neteller, WebMoney, UnionPayOUR RATING Buy Bitcoin outright or trade BTC CFDsSocial and copy trading leaderPaypal acceptedLimited technical analysis toolsNot well-suited for the more advanced investor Visit eToro 75% of retail investor accounts lose money when trading CFDs with this provider. Crypto assets are highly volatile unregulated investment products. No EU investor protection.2. Plus500 - Regulated Bitcoin Broker with 0% CommissionsIf eToro doesn't quite take your fancy, then it might be worth considering Plus500. The UK-based broker does not accept US traders, so do bear this in mind. Nevertheless, Plus500 has an excellent reputation in the online brokerage space, and you can deposit funds with a debit/credit card, Paypal, or bank account.Take note, the platform only supports cryptocurrencies in the form of CFDs, meaning you won't own the underlying cryptocurrencies. With that said, this allows you to buy and sell Bitcoin cheaply, quickly, and with leverage.Regulation: ASIC, FCA, CySECSpecial Features: 2000+ financial instruments - including dozens of crypto pairsDemo account: YesEducational Material: Doesn't offer much in the educational departmentFees: No trading commissions, Average spreads, free deposits and withdrawalsMinimum deposit: $100Volume: Good trading volumes on its CFD and forex productsDeposit and Withdrawal Conditions: $100 if your balance exceeds thisPayment methods: Credit/debit card, Paypal, Bank transfer Minimum deposit of $100Over 2,000 trading instrumentsMobile app availableNo education materialNot suitable for beginners Visit Plus500 80.5% of retail investor accounts lose money when Bitcoin trading CFDs with this provider.3. Libertex - High Leverage CFD BrokerLibertex is an online cryptocurrency broker that offers leverage of up to 600:1. Regulated by CySEC in Cyprus, the broker is also competitive in the fee department. When it comes to payments, you'll get to choose from an e-wallet, debit/credit card, or international bank transfer.Regulation: CySECSpecial Features: 2000+ financial instruments - including dozens of crypto pairsDemo account: YesEducational Material: Doesn't offer much in the educational departmentFees: No trading commissions, Average spreads, free deposits and withdrawalsMinimum deposit: $100Volume: Good trading volumes on its CFD and forex productsDeposit and Withdrawal Conditions: $100 if your balance exceeds thisPayment methods: Credit/debit card, e-wallets, bank transfer, Giropay, Trustly Leverage of upto 600:1Supports MetaTrader 4No minimum withdrawal is balance under $100Very weak in the edcuational department Visit Libertext4. 24 Option - Cryptocurrency Broker With Super-Low Spreads24Option is an additional cryptocurrency broker that is worth considering if you're looking to trade CFDs. This is because you will be able to apply leverage and short-term your chosen coin. Moreover, 24Option is regulated by CySEC, so your funds are safe at all times. Crucially, 24Options offers some of the lowest spreads in the space.Regulation: CySECSpecial Features: Highly extensive list of cryptocurrencies supportedDemo account: YesEducational Material: Trading Central's research toolFees: Spreads from as low as 0.2 pipsMinimum deposit: $250Volume: Popular with traders in Europe and Asia so high trading volumesDeposit and Withdrawal Conditions: 3.5% fee on credit card withdrawals, 2% on SkrillPayment methods: Credit/debit card, Bank transfer Spreads from just 0.2 pipsGreat forex research toolsMT4 supportedMinimum deposit of $250Does not support PaypalOnly regulated by CySEC Visit 24Option5. AVATrade - Multiple Regulatory Licenses and Advanced Trading PlatformAVATrade is a highly trusted CFD, forex, and cryptocurrency broker. It holds licenses in Japan, Canada, Ireland, Canada, and South Africa, among others.AVATrade supports MT4 and MT4 platforms, and spreads are very competitive. Minimum deposits start at $100.Regulation: Holds licenses in Ireland, Australia, Japan, South Africa, Canada, British Virgin IrelandsSpecial Features: Pricing alerts and notifications, MT4 and MT5Demo account: YesEducational Material: No fundamental news or trading ideas, but trading calculator providedFees: Spreads start at 0.9 pips, no withdrawal fee, $50 monthly inactivity fee Minimum deposit: $100Volume: Huge volume on its CFD productsDeposit and Withdrawal Conditions: No minimum withdrawal feesPayment methods: Credit/debit card, Bank wire Spreads from just 0.9 pipsMultiple licensesBoth MT4 and MT5 supportedNo research featuresDoes not offer 2FA login Visit AVATradeWhat to Look for in a Bitcoin BrokerWith heaps of Bitcoin brokers now active in the online space, knowing which platform to sign up with can be challenging. No-two brokers are the same, so you need to think about what your priorities are. For example, are you looking for cryptocurrency exchanges that accepts e-wallets, or are you more concerned with low trading fees?Either way, below we have listed the most important factors that you need to look out for prior to choosing a cryptocurrency broker.LicensingDid you know that the vast majority of Bitcoin and cryptocurrency brokers operate in an unregulated manner? While in most cases this shouldn’t be an issue per-say, we would suggest sticking with brokers that hold a license from a tier-one body. Think along the lines of the UK’s Financial Conduct Authority (FCA) or CySEC in Cyprus. ALl of the brokers listed on this page are regulated, so rest assured that your funds are safe.Supported CryptocurrenciesIf you’re only looking to buy and sell Bitcoin, then you’ll have no problems locating a suitable broker. However, what happens if you want to buy Ethereum and invest in other cryptocurrencies like Ripple, or Bitcoin Cash? Crucially, you need to check the broker’s website prior to signing up to see what cryptocurrencies they allow you to buy and sell. Payment MethodsIf you’re looking to buy cryptocurrencies for the very first time, you will need to use a broker that supports fiat currency. At a minimum, this typically includes support for a bank transfer. With that said, it’s far easier to use a debit/credit card or e-wallet, as you’ll be able to instantly buy Bitcoin with a credit card.Trading Fees and CommissionsBitcoin brokers are in the business of making money, so you’ll need to pay a fee when buying and selling cryptocurrencies online. In the vast majority of cases, this comes as a trading commission. For example, if you wanted to purchase $500 worth of Bitcoin and the broker charges 1.5%, you’ll end up paying a commission of $7.50. Stick with low fee brokers to reduce your trading costs.Leverage and Short-SellingIf you’re planning to apply leverage to your cryptocurrency trades, then you’ll need to use a CFD broker. In doing so, you’ll also have the ability to short-sell Bitcoin. This means that you will make a Bitcoin profit if the price goes down.Minimum Deposit and Withdrawal FeesSome cryptocurrency brokers install a minimum deposit amount. You should check this before joining a new broker to ensure that it meets your budget. Similarly, you also need to check whether a withdrawal fee is charged. This is likely to be the case if you are planning to withdraw your profits back to a debit/credit card.Trading VolumesIf you’re looking to buy and sell cryptocurrencies online, you’ll need to use a broker that is home to high levels of liquidity. This will ensure that you are able to trade at competitive market prices. If your chosen Bitcoin broker doesn’t have sufficient trading volumes, you might struggle to sell your coins.Customer SupportYou also need to explore what the cryptocurrency broker’s customer support team is like. For example, check to see what hours you can speak with an agent, as well as the types of support channels offered (live chat, telephone, etc.). Note: If you’re simply looking to buy Bitcoin and store it long-term, you should choose a provider that allows you to withdraw coins out. In this sense, a CFD broker will not be suitable, as you won’t own the underlying asset.Cryptocurrency Brokers – Final Thoughts?Knowing which cryptocurrency broker to buy Bitcoin from can be challenging, not least because there are hundreds of platforms active in the space. With that said, we hope that you now have a firm grasp of the many factors that you need to look out for prior to parting with your cash. This includes factors like regulation, trading volumes, payment methods, fees, commissions, and supported coins.If you don’t have time to research a broker on a DIY basis, we’ve also listed our top five Bitcoin brokers of 2020. At the forefront of is this eToro, as the broker is ideal of newbie traders, allows you to buy cryptocurrencies without paying any commissions, and heaps of everyday payment options are supported. Regardless of which broker you decide to sign up with, just make sure that you understand the risks of investing in cryptocurrencies.eToro : Best Bitcoin Broker for 2020OUR RATING CySEC, FCA and ASIC regulatedPaypal acceptedBuy 15+ coins outright or trade crypto CFDsUS-friendly Visit eToro 75% of retail investor accounts lose money when trading CFDs with this provider. Crypto assets are highly volatile unregulated investment products. No EU investor protection.FAQsAre Bitcoin brokers safe? This depends on whether or not your chosen Bitcoin broker is regulated. If it isn't, you should avoid it at all costs. Crucially, all of the cryptocurrency brokers listed on this page hold at least one license with the likes of the FCA, CySEC, or ASIC.What payment methods do Bitcoin brokers support? If you're using a cryptocurrency broker that supports fiat currency deposits, then this should include a bank transfer or debit/credit card. Some brokers even support popular e-wallets like Paypal, Skill, and Neteller.Can I buy Bitcoin anonymously from a Bitcoin broker? Irrespective of whether or not the cryptocurrency broker is regulated, if you're looking to use fiat currency to invest you will need to have your identity verified. As such, you'll need to upload a copy of your passport or driver's license.What is the minimum deposit amount at cryptocurrency brokers? This will vary from broker-to-broker. You can deposit just $100 with some of the Bitcoin brokers that have been recommended on this page.Do cryptocurrency brokers allow you to apply leverage? If you've got a higher appetite for risk and thus - you wish t apply leverage, you will need to use a CFD broker that supports cryptocurrencies. Certain limits will apply if you are a retail trader.