If you want to buy Bitcoin 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 12 brokers to buy Bitcoin in 2022. We explain key metrics such as the broker’s regulatory status, supported payment methods, tradable coins, and minimum deposit. On this Page:Contents [show] Our Recommended Bitcoin Brokers for January 2022 If you don’t have time to read through our top Bitcoin broker picks, we would suggest opting for eToro. The regulated brokerage 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. InvestInvest$=BitcoinRefreshMore FiltersSort ByRating1 Providers that match your filtersPayment methodsCredit CardGiropayNetellerPaypalSepa TransferSkrillSofortFeaturesInstant VerificationFor BeginnersWallet ServiceMobile AppUsabilityVery GoodGoodAverageBadSupportVery GoodGoodAverageBadFees1 or betterSafety1 or betterCoin selection1 or betterRating1 or betterClear Filter Ratingfor $ 1000 you get0.0290BTCWhat we likeEasiest to depositMost regulatedCopytrade winning investorsFeesSafetyCoin selectionFeaturesPayment methodsfor $1000 you get0.0290 BTCRead ReviewBuy BitcoinRead Review68% of retail CFD accounts lose money. Compare Bitcoin Brokers & Exchanges Visit Site68% of retail CFD accounts lose money.Visit Site75% of retail CFD accounts lose money. Capital.com does not offer accounts to US residents.Visit Site74% of retail investor accounts lose money when trading CFDs with this provider.Visit SiteThe price and value of any investment in digital asset products can fluctuate.Visit SiteThe traded price of digital tokens can fluctuate greatly within a short period of time.Visit SiteMarket prices for digital tokens can be volatile and highly unpredictable.Visit SiteAs with any asset, the values of digital currencies may fluctuate significantly.Visit SiteThe value of digital currencies can go up or down frequently.Visit SiteTrading leveraged products may not be suitable for all investors.Visit Site71% of retail CFD accounts lose money.Visit Site72% of retail CFD accounts lose money.Rating5.04.94.84.22.214.171.124.126.96.36.199Mobile App Rating10/108/109/109/108/108/109/109/109/109/108/10FeaturesMobile AppWalletNumber of Coins12817592233113650401556FeesTrading FeesSpreadsSpreadsSpreads0.1%0.1%0.1%0.1%0.50%SpreadsSpreadsSpreadsDeposit FeesN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AWithdrawal Fees$5N/AN/A0.0005 BTCN/AN/AN/AN/AN/AN/AN/AExtrasRegulatedASIC, CySEC, FCAASIC, CySEC, FCACySECN/AN/AN/AFCAFCAN/ACBI, MiFIDFCAMin. Deposit$50$20100 EURN/AN/A$10$10$2N/A$100$100Leveraged TradingN/A1 - 30xN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1-100x1 - 30x1 - 30xLatest Prices (per Coin)Bitcoin$39101.15$39136.34$39253.63$39126.57$39133.01$39124.18$39137.59$39113.81$39683.70$39234.08$39129.09Ethereum$2939.97$2888.04$2905.35$2887.31$2884.47$2887.00$2882.81$2880.80$2957.28$2895.25$2881.20XRP$0.71$0.69$0.70N/A$0.23N/A$0.70$0.30$0.71$0.70$0.69Tether$1.00$1.00N/A$1.00$1.00N/AN/A$1.00$1.01N/A$1.00Litecoin$127.90$125.65$126.15N/A$125.60N/A$125.65$125.51$128.66$126.27$125.50Bitcoin Cash$349.63N/A$347.57N/A$506.41N/A$343.11$342.98$348.26$347.40$342.40Chainlink$19.52N/A$19.56N/A$19.36N/A$19.55$19.54N/A$19.81$19.54Cardano$1.28$1.24$1.26N/A$1.24N/A$1.24$1.24$1.25N/A$1.24IOTA$1.01N/A$0.98$0.96N/A$0.95$1.91$1.91$1.00$0.98$0.95Binance Coin$441.74$508.14$431.61$431.50N/AN/A$431.18N/A$435.49N/AN/AStellar$0.23$0.22$0.23N/A$0.22$0.08$0.22$0.22$0.23$0.23$0.22Bitcoin SV$102.87N/A$102.26N/A$182.50N/AN/AN/A$102.87N/A$102.67USD Coin$1.01N/AN/AN/A$1.00N/AN/AN/AN/AN/A$1.00EOS$2.66N/A$2.61$2.58$2.56$2.58$2.58$2.59$2.62$2.62$2.58Monero$187.54N/A$188.28$185.82N/AN/AN/AN/AN/AN/A$124.02Payment methodsCredit CardGiropayNetellerPaypalSepa TransferSkrillSofort Top 12 Cryptocurrency Brokers 2022 So 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 Broker Our top pick for the best Bitcoin broker is eToro due to several factors. For one, eToro uses a highly intuitive and simplistic user interface that makes it possible for anyone to buy and sell cryptocurrencies instantly. It also operates as a zero-commission crypto broker, which means you will only pay for the spread and nothing else. In terms of fees, eToro charges a low deposit fee of 0.5% for all supported payment methods, including bank wire transfer, credit/debit cards, Neteller, Skrill, PayPal, Trustly, and several others. Minimum deposits are segmented according to a user’s region, and you will only pay a small withdrawal fee of $5. On regulatory and safety of user funds, eToro is top-notch as it is regulated by tier-1 global bodies like the UK’s Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and the Financial Industry Regulatory Authority (FINRA). This means that your details and funds are safe. eToro has never been privy to a system hack as it employs some of the strictest security protocols to ensure that no malicious attack steals users’ funds or details. eToro’s super-powers lie in its CopyTrade and CopyPortfolio functionalities. Operating as a social network for traders, eToro lets new users copy the successful traders of more advanced investors according to the amount they invest. This has the dual benefit of ensuring profit maximization as well as mitigating potential losses. Also, the CopyPortfolio offering allows users to properly diversify their investment basket across several sectors and regions while automatically rebalancing it according to the best performing sectors. Aside from Bitcoin, eToro also supports several other popular cryptocurrencies, including Ethereum, XRP, Litecoin, and several others and enables fiat-to-crypto (ETH/USD) as well as crypto-to-crypto (XRP/ETH) pairs. Additionally, eToro offers CFD products for cryptocurrencies, enabling users to trade the small price changes without holding the underlying asset. This can be a great choice for you if you do not have enough knowledge about cryptocurrencies yet. Regulation: FCA, ASIC, CySEC, FINRA Special Features: CopyTrade and CopyPortfolio Demo Account: Yes Educational Material: Loads of educational materials for new users Fees: Zero trading commissions, Low spreads Minimum Deposit: $50 for US and UK users, $200 upwards for other regions Volume: High liquidity volume Deposit and Withdrawal Conditions: Minimum withdrawal of $50 Payment Methods: Credit/debit card, Paypal, Sofort, Rapid transfer, Skrill, Wire transfer, Neteller, WebMoney, UnionPay Pros Buy Bitcoin outright or trade BTC CFDs Social and copy trading leader Paypal accepted Cons Limited technical analysis tools Not well-suited for the more advanced investor Visit eToro Your capital is at risk. 2. Capital.com – Top Bitcoin CFD Broker Capital.com is another popular choice for traditional investors who are looking for exposure to the nascent crypto space. Based in Cyprus with operational offices in the UK, Gibraltar, and Belarus, Capital.com is one of the top Bitcoin brokers out there. It offers over 3,700 financial assets spread across many indices, stocks, commodities, FX currency pairs, and over 200 cryptocurrencies. This is even more pronounced in its fee offering. Capital.com is a zero-commission broker and offers market-leading spreads, thereby substantially increasing the investor’s purchasing power. The account opening process is also seamless, as you can register and start trading in as little as 10 minutes. One of the best things you enjoy using the Capital.com platform is the low minimum deposit requirement, and users can get started with as little as $20, and Capital.com enforces a minimum withdrawal of $50. The Bitcoin broker supports CFD trading for several of its assets, including cryptocurrencies. As per regulation and licensing, Capital.com is regulated by tier-1 global bodies the UK’s FCA, CySEC, and the National Bank of the Republic of Belarus (NBRB). As per regulatory requirements, Capital.com segments users’ funds from the company’s operating income. Available in over 183 countries, Capital.com offers multiple everyday payment options, including bank wire transfer, Skrill, credit/debit card, Neteller, Union Pay, GiroPay, Sofort, and several others. Regulation: FCA, CySEC, NBRB Special Features: 3,700+ tradable assets Demo Account: Yes Educational Material: Not strong in this department Fees: Zero commission and market-leading spreads Minimum Deposit: $20 Volume: High trading volume Deposit and Withdrawal Conditions: Takes 1 business hour to process withdrawal orders Payment Methods: Bank wire transfer, Skrill, credit/debit card, Neteller, Union Pay, Sofort Pros Heavily regulated by top-tier bodies Large repository of supported assets High trading volume Zero-commission and market-leading spreads Low minimum deposit of only $20 Everyday payment methods Cons Does not support US customers Charges overnight fees Visit Capital 3. Libertex – Legacy CFD Bitcoin Broker Libertex has over two decades of offering financial investment services and is one of the top Bitcoin brokers in the industry. It offers different user-specific platforms, including the Libertex web trader for new users and the MetaTrader 4 (MT4) platform for more advanced investors. In terms of supported assets, Libertex is very picky and only offers access to 250 tradable assets, including exchange-traded funds, CFDs, stocks, cryptocurrencies, FX currency pairs, and commodities. Each supported financial asset comes with a maximum leverage of 30:1, allowing users to increase their expected returns on investments reasonably. Like other top brokers, Libertex is regulated by the CySEC and offers loads of everyday payments, including credit/debit cards, wire transfers, and e-wallet solutions or international bank transfers. Users also enjoy free deposits, and it has a low minimum deposit of 100 EUR. The signing up process is seamless, and like all regulated brokers, new users are required to complete a KYC process. This usually takes little time and can be completed on the Libertex platform. Users will need to upload a copy of their driver’s license or government-issued ID card and a recent copy of their utility bill or financial statement to get started. Regulation: CySEC Special Features: 2000+ financial instruments – including dozens of crypto pairs Demo account: Yes Educational Material: Doesn’t offer much in the educational department Fees: No trading commissions, Average spreads, free deposits and withdrawals Minimum deposit: $100 Volume: Good trading volumes on its CFD and forex products Deposit and Withdrawal Conditions: $100 if your balance exceeds this Payment methods: Credit/debit card, e-wallets, bank transfer, Giropay, Trustly Pros Low spreads Supports MetaTrader No minimum withdrawal is balance under $100 Cons Limited learning resource Visit Libertex 4. Evonax – Seamless Crypto-to-Crypto Exchange Platform Evonax is a popular Bitcoin exchange that facilitates the seamless swap of cryptocurrencies. It supports over 18 cryptocurrencies, including Bitcoin, Ethereum, Dash, Litecoin, and 14 others. One of the key benefits of using Evonax is that it is anonymous in that it does not require users’ details before they can exchange digital currencies for cash. The platform isit is free to use, and you can get started in as little as 5 minutes. Before transacting on the exchange, users are given personalized wallets secured with SSL encryption. However, Evonax is not regulated by any known global body as it operates mainly as a non-custodial exchange, meaning it does not store users’ funds. One of the key drivers of interest in Evonax has been the conversion fee. The anonymity-focused non-custodial exchange only charges a small miner fee for the coins you want to swap into. In addition, Evonax has great customer support and this may be the only time you will need to put your details. Reaching out to the support team usually takes 1 business day and you will need to input your email address for feedback for any questions you have. Meanwhile, this might not be necessary as Evonax has a self-explanatory FAQ section to answer pressing questions. Regulation: None Special Features: Anonymity and free to use Demo Account: No Educational Material: Not explicitly stated Fees Free Minimum Deposit: Not stated Volume: Reasonable liquidity Deposit and Withdrawal Conditions: All transactions are conducted on the personalized wallet Payment Methods: Fiat payment method Pros Ensures transactions done on the exchange are anonymous Free to use Low fees Supports popular virtual assets User-friendly and easy to use Cons Low crypto repository Not regulated by any known global body Visit Evonax 5. Plus500 – Regulated Bitcoin Broker with 0% Commissions Plus500 is one of the best Bitcoin brokers in the financial investment services industry. A publicly-listed company on the London Stock Exchange (LSE), Plus500 offers over 2,000 tradable assets primarily through CFDs. These include stocks, bonds, indices, cryptocurrencies, commodities, and several others. Since launching in 2008, Plus500 has become a popular broker choice for several UK investors due to its low-cost and 100% commission-free offerings. It accepts deposits through everyday payment solutions, including wire transfer, credit/debit card, and e-wallet solutions like PayPal. It is also regulated by the UK’s FCA and has a strong reputation on the global investing scene. The Bitcoin broker currently has over £1.73 billion in trading volume, which means you can easily withdraw your funds anytime you want without any order backlogs. As per fees, Plus500 charges an inactivity fee of £10 and a £10 withdrawal fee for withdrawal requests less than £100. Besides this, Plus500 gifts customers up to five free withdrawals, with the sixth transaction carrying the stated fees. Regulation: ASIC, FCA, CySEC Special Features: 2000+ financial instruments – including dozens of crypto pairs Demo account: Yes Educational Material: Doesn’t offer much in the educational department Fees: No trading commissions, Average spreads, free deposits and withdrawals Minimum deposit: $100 Volume: Good trading volumes on its CFD and forex products Deposit and Withdrawal Conditions: $100 if your balance exceeds this Payment methods: Credit/debit card, Paypal, Bank transfer Pros Minimum deposit of $100 Over 2,000 trading instrument Mobile app available Cons No educational material Not suitable for beginners Visit Plus500 6. Coinbase – User-friendly Bitcoin Broker Since launching in 2012, Coinbase has become the most popular Bitcoin broker USA due to its top-notch attention to user-friendliness. It is a favourite spot for those looking to gain exposure to cryptocurrencies for the first time. Coinbase has quickly established itself as a top Bitcoin broker based in the US due to its high liquidity and is second on the world’s largest crypto exchange list behind Binance. Coinbase operates a tiered crypto exchange structure depending on the user. Aside from the beginner-friendly Coinbase platform, the company also operates a Pro variant that caters to more sophisticated retail clients. Then there is a custodial arm called Coinbase Custody that serves as a cold storage unit for companies interfacing with digital assets. The Coinbase Prime is the Pro version for institutional clients and comes with more sophisticated research and charting tools. Like several others, Coinbase supports multiple deposit and withdrawal methods, including bank wire transfer, debit cards, PayPal, Faster Payments, and several others. However, it charges variable deposit and withdrawal fees depending on the option a user picks. Regulation:FINRA Special Features: Offers over 50 altcoins support Demo Account: No Educational Materials: Not strong in this department Fees: Variable pricing systems >Minimum Deposit: As low as $2 Volume: High liquidity Deposit and Withdrawal Conditions: Instant withdrawal options on particular options Payment Methods: Bank account, debit card, PayPal, Faster Payments Pros Publicly-listed Bitcoin broke Highly user-friendly Offers several platforms for different users Multiple everyday payment options are on tap Highly liquid Bitcoin broker Cons Charges high fees for its beginner platform Doesn’t support credit card transactions Visit Coinbase 7. Binance – World’s Leading Peer-Peer Crypto Exchange Binance is a cryptocurrency exchange founded in 2017, and it has the reputation of being the world’s foremost crypto exchange platform. Apart from having crypto assets, it also has an academy, its native cryptocurrency called Binance Coin (BNB), its own issued stable coin (BUSD), and a smart contract network known as Binance Smart Contract (BSC). In addition, the platform also has a Launchpad and many other innovations that make it enjoy huge traffic, making it one of the top Bitcoin exchange platforms. The firm is licensed in West Africa, South America, Australia, New Zealand, Western and Northern Europe. The company enjoys a whopping 2 billion average daily volume of trade. The Binance Smart Contract (BSC) is a far cheaper alternative to Ethereum (ETH), and this has attracted many users to the platform. Binance does not charge deposit fees, but a small fee is charged for withdrawals. The exchange also has a plethora of cryptocurrencies available coupled with a wide range of trading pairs. Regulation: Seeking license in Singapore Future trading: Yes Demo Account: No Educational Material: Plenty of resources Fees: 1% withdrawal on EUR, 0 for USD Customer base: Over 3 million users Minimum Trade: $10 Volume: High liquidity Deposit and Withdrawal Conditions: Free deposits, withdrawal attracts a small fee Payment Methods: Bank transfer, Credit cards, Debit cards, plus other methods Pros Well-known Easy to use platform Factor Authentication (2FA) Login Cons No formal address or head office Not licensed in some regions Visit Binance 8. Uphold – Best For Trading Between Different Assets Classes Uphold, a multi-asset platform that was founded in 2015, is already available in over 184 countries. The firm has over 80 currencies on offer, including traditional stock and cryptocurrencies, making it one of the best Bitcoin brokers. The popular platform enjoys the patronage of over 1.7 million customers globally, and it has carried out transactions close to $6 billion to date. Both retail investors and businesses are part of the categories of people that it serves. You can also trade precious metals, US equities and gold, on the platform. Its main aim is to provide people access to safe, transparent, fair, and affordable financial services. The firm is very easy to use and does not charge any fee for deposit and withdrawal. It offers automated trading for buying or selling orders to reduce the impact of volatility. With Uphold, you can send money (either Bitcoin or USD) directly for free to anywhere in the world. It has a unique debit card that can earn you 1% cashback and 2% crypto reward. Regulation: 35+ countries with bank connectivity Demo Account: No Educational Material: Not many learning resources Fees: 0.8- 1.2% spread for ETH/BTC in US and Europe, 1.8% for others Customer base: Over 3 million users Payment Methods: Credit cards, Debit cards (the US only) Pros Varieties of stocks and cryptocurrencies Easy to use platform Automated trading Cons Equities not available in the US and Europe Deposits from bank accounts available only in the US and Europe Visit Uphold 9. AvaTrade – Best For Numerous Trade Options AvaTrade is a trusted global brand that offers Contracts for Difference (CFD), Cryptocurrencies, and Forex services. The top Bitcoin broker is user-friendly, and anyone, even a newbie, can easily open an account within a few minutes. About 300,000 registered users currently use its services in six different continents, where it has seven regulations after meeting all registration requirements. It is very transparent in all its dealings and is also known for being highly secure. It has been in operation since 2006. It pioneered online trading, and It also has some amazing trading platforms such as MetaTrader (MT) 4 and MT5, and its trading website is available in more than 20 languages. This broker is known to have a customer-first attitude to business, and integrity is very important to them. The broker also has demo trading on offer. Users can choose from a wide range of cryptocurrencies that the platform offers. AvaTrade, a Bitcoin broker USA, charges zero commissions, and you do not have to pay any bank fees on transactions. Regulation: Europe, Australia, Japan, British Virgin Islands, UAE, and South Africa. Demo Account: Yes Educational Material: Trading videos and other educational materials for beginners Fees: $0.9 spread for EUR/USD, Administration fee $100 Stability: Being in operation since 2006 Volume: High liquidity Deposit and Withdrawal Conditions: $1,000 minimum deposit Payment Methods: Wide selection of safe and secure payment methods Pros Multiple licenses Supports MT4& MT5 trading Secured platform Cons No traditional stock Inactivity fee of $50 Visit AvaTrade 10. Revolut – Most Inclusive Bitcoin Broker US Revolut is an inclusive Bitcoin broker that allows users to access their virtual and physical assets through virtual cards. Revolut grants its users the ability to track both physical assets (fiat currencies) and virtual currencies ( cryptocurrencies) on the same wallet. The virtual cards enable the users to make fiat currency ATM withdrawals and pay for items online using their crypto assets. The platform uses a simple debit/credit card as its standard payment method. Revolut offers its users several packages to further suit the specific needs of users. Among these packages is the Extensive Premium feature that grants subscribers a higher ATM withdrawal limit of 400 euros per month than the 200 euros withdrawal limit applicable to standard and plus users. Premium users also enjoy a lower crypto conversion rate of 1.5%, compared to the 2.5% rate for standard and plus users. Revolut does not charge its users a deposit or withdrawal fee and supports up to 53 cryptocurrencies. The fintech platform is a representative of Resolution Compliance Ltd and is licensed and regulated by the Financial Conduct Authority in the UK. Regulation: Regulated by the FCA Special features: Utilizes cold storage promotes safety for users’ funds. Demo Account: No Educational Material: Offers access to educational content to minors by its Revolut Junior package Fees: Subscription fee is free, first Revolut card free, but a delivery fee applies Minimum deposit: No minimum deposit Volume: High volume Payment Methods: Debit/credit cards Pros No minimum deposits Extensive Premium features Cold Storage for user assets Cons Limited withdrawals Incessant account freezes Visit Revolut 11. CryptoRocket – Best Bitcoin Broker for Trading CryptoRocket is regarded as one of the best Bitcoin brokers for trading because the platform has a wide range of crypto assets, making it easy for users to trade various crypto pairs on the market. The platform grants its users access to one of the most extensive forex pairs, commodities and indices on the market. This feature opens the users up to a wide range of trading options and access to various markets. CryptoRocket utilizes MetaTrader4, which gives access to various trading instruments and the ability to trade in over 55 fiat currencies, 34 cryptocurrencies and 11 indices options. Although the Bitcoin broker is not regulated by any financial body, it takes the security of its users very seriously as it segregates broker funds and uses cold storage for BTC accounts to store funds on an external storage platform. This top Bitcoin broker allows the use of debit/credit cards, wire transfers and accepts deposits in bitcoin from other bitcoin brokers or exchange platforms. It employs the Straight Through Processing (STP) execution which protects user trades from being re-quoted or manipulated. Regulation: No Special features: Grants users access to MetaTrader4 for optimal trading experience Demo Account: Yes Educational Material: Minimal educational resources Fees: No deposit or withdrawal fees Minimum deposit: No Volume: High trading volume Depositing and Withdrawal conditions: When depositing funds, users must bear in mind that the Cryptorocket charges no fees, but a small network fee may be deducted when depositing assets less than $10USD Payment Methods: Wire transfer, debit/cards, bitcoin deposits Pros No minimum deposits Wide range of trading assets No trade manipulation Cons No regulation Little to no educational content Visit CryptoRocket 12. Changelly – Easy to Use Platform Changelly is a bitcoin broker that offers its users fast and secure transactions One of the perks of Changelly that makes it one of the top Bitcoin platforms when it comes to ease-of-use is that opening an account is extremely straightforward and one need only connect their existing account when using the mobile app which is as easy as imputing the correct email and password used to open the account. Changelly is a non-custodial platform, meaning that it does not store users’ money or funds; rather, it partners with other platforms which serve as wallet providers such as Trezor, Trust wallet etc. The exchange makes use of Apple Pay, credit/debit card and bank transfer as payment methods. It is anonymous, adopting only email addresses for identification. Changelly offers users access to up to 200 cryptocurrencies and accepts only three fiat currencies which are the US Dollars (USD, British Pounds (GBP) and Euro (EUR). Regulation: Not regulated in the US Demo Account: No Educational Material: Changelly offers a crash course to help its users understand more about the cryptoverse Fees: 0.25% floating exchange rate. 5% rate to buy or sell cryptocurrencies using fiat currencies Volume: High volume on its CFD Volume: High trading volume Payment Methods: Bank transfer, credit/debit card, Apple Pay Pros Integrates with various wallets Easy to Use Wide range of cryptocurrencies Cons Not regulated in the US High fiat to crypto rates Visit Changelly What to Look for in a Bitcoin Broker With 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 accept 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. Licensing Did 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 Cryptocurrencies If 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 Methods If 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 Commissions Bitcoin 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-Selling If 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 Fees Some 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 Volumes If 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 Support You 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. eToro allows you to buy and hold the underlying asset in a free Bitcoin wallet. If you decide to diversity into other coins, some cryptos can earn you passive income in the form of staking rewards. You can stake Ethereum (ETH), Cardano (ADA) and Tron (TRX) on eToro. 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 2022. 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 - Our Recommended Crypto Platform Our Rating ASIC, CySEC and FCA regulated - 20 Million Users Worldwide Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort Free Demo Account, Social Trading Community Free Secure Wallet - Unlosable Private Key Staking Rewards for holding ETH, ADA or TRX Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit Buy Crypto 68% of retail investor accounts lose money when trading CFDs with this provider. FAQs What Is a Bitcoin Broker? A Bitcoin broker is a platform that facilitates the seamless buying and selling of the foremost decentralized currency. However, it is not only focused on Bitcoin and often enables the purchase and sales of several other popular cryptocurrencies. Do You Need a Broker for Bitcoin? This entirely depends on you and how experienced you are with cryptocurrencies. For now, cryptocurrencies are still highly complex transactions, and many users have lost fortunes due to the knowledge gap. If you are planning to buy Bitcoin or any other virtual currency for the first time and have no prior knowledge on how to do it, we recommend using a Bitcoin broker to do so. Who Is the Best Broker for Bitcoin? Making a designation on who the best Bitcoin broker is is a tough call as each Bitcoin broker comes with unique features, offers, and functionalities. However, we recommend using eToro due to its low-cost, secure platform and highly intuitive platform. Also, its CopyTrade functionality will ensure you make returns on your crypto investment even if you have little to no knowledge on how the industry operates. Are 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? Usually 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. Unless using a simple in-browser platform such as Uphold or Changelly. What Is the Minimum Deposit Amount at Cryptocurrency Brokers? This will vary from broker-to-broker. You can deposit just $50 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 to apply leverage, you will need to use a CFD broker that supports cryptocurrencies. Certain limits will apply if you are a retail trader.