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Compare Brokers For Trading Bitcoin

For our trading bitcoin comparison, we found 13 brokers that are suitable and accept traders from United States of America. Test

We found 13 broker accounts (out of 147) that are suitable for Trading Bitcoin.

  • FILTER
IG

Spreads From

Bitcoin 10.0 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

  • Regulated by: Financial Conduct Authority and ASIC.
  • Used by 195,000+ traders.
  • Established in 1974 HQ in UK.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

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74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Account type
EUR/USD Spread From
Commission
Execution
Min. Deposit
CFD
0.6
Fixed Spreads
Yes on share CFDs
STP
$250
Choose Account
Spread Betting
0.6
Fixed Spreads
None
STP
$250
Choose Account
Share Dealing
None
Fixed Spreads
£5
DMA
$250
Choose Account

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

How to Find the Best Brokers for Trading Bitcoin For You

Bitcoin has gone from theory to accepted financial instrument very quickly, with many retailers, businesses and payment processors now accepting bitcoin. However, while bitcoin and other cryptocurrencies can be very attractive to some, they also come with their own unique levels of risk and controversy. In this article we will be providing an overview of what bitcoin is, how it works from generation to valuation, and why it has become a popular financial instrument for traders.

Trading Bitcoin with a Regulated Broker

While bitcoin itself is not yet regulated by the FCA (although there are reports it may be soon), it is possible to use a regulated broker when trading bitcoin. In the past there have been a number of examples of the compromise and collapse of high-profile bitcoin websites, which has led to the loss of considerable amounts of bitcoins. This can mean that the trust and reliability of the broker is arguably more valuable when trading bitcoin than any other currency.

See a list of regulated brokers to trade bitcoin with here.

Popular Bitcoin Broker: AvaTrade

AvaTrade is a regulated broker that allows you to trade bitcoin with the popular MetaTrader 4 platform alongside healthy leverages of up to 1:400. Another benefit of trading with AvaTrade is that a minimum deposit of only $100 dollars is required to open an active trading account.

Advantages of trading with AvaTrade:

  • Automated trading
  • Free demo account
  • Guaranteed stop-loss orders
  • Real-time charts
  • News and market analyses
  • AvaTrade currently allows all members to deposit funds via Bitcoin and PayPal as well as standard options such as wire transfers and credit cards

You can learn more about the pros and cons in our AvaTrade review.

Why Choose IG
For Trading Bitcoin?

IG scored best in our review of the top brokers for trading bitcoin, which takes into account 120+ factors across eight categories. Here are some areas where IG scored highly in:

  • 44+ years in business
  • Offers 10,000+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.60pips
  • Used by 195,000+ traders.
  • Offers demo account
  • 4 languages

IG offers four ways to tradeForex, CFDs, Spread Betting, Share dealing. If you wanted to trade BITCOIN

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

IG have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority and ASIC, segregating client funds, being segregating client funds, being established for over 44

Trust Score comparison

IG
Trust Score AAA
Established in 1974
Regulated by Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of IG


Want to see how IG? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
IG
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.60
GBP/USD Spread 0.9
DAX Spread 1.0
FTSE 100 Spread 1.0
S&P500 Spread 0.4
Ripple spreads from N/A
Dash spreads from N/A
Litecoin spreads from N/A
Bitcoin spreads from 10
Ethereum spreads from 2

Comparison of account & trading features

IG
Platform MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
Services Forex, CFDs, Spread Betting, Share dealing
Base currency options USD, GBP, EUR, CHF, JPY, SGD, AUD
Funding options Payoneer, Credit cards, Bank transfer, PayPal, MasterCard, BPAY, DebitCard,
Micro account
ECN account

Frequently Asked Questions

What is Bitcoin?
Bitcoin is a decentralised cryptocurrency that, while it can be used to pay for goods and services like any other regular currency, is unique in many ways. For example, there is no central authority governing or regulating bitcoin and, while it is not backed by any precious metal or government, there is a finite supply. Anyone with a computer can mine bitcoin, although that is typically handled by dedicated server farms, with the currency then stored in anonymous and protected digital wallets.
How are Bitcoins Generated?
Bitcoin is generated by being ‘mined’. Rather than having a government or resource backing the currency, bitcoin is defined by an algorithm that has been designed to have both a finite supply and a fixed rate at which it can be mined. This means it is possible to know roughly how much bitcoin there can ever be, and the defined mining rate determines how much bitcoin has been generated and therefore how much bitcoin is in circulation that can be traded.
What is Bitcoin Mining?
Mining bitcoin involves discovering blocks. Blocks are permanently recorded data stores that form one piece of a blockchain, which is a shared record of all transactions that cannot be amended or removed once a block is accepted. The blockchain can only have additional blocks added to it once they are discovered. Mining bitcoin means discovering new blocks, which were developed in such a way that each block requires solving a mathematical puzzle to discover. The puzzle is specifically crafted to take time to solve but, once a solution is found, it is quick to verify. Each time a miner solves a puzzle, they are rewarded with bitcoin and this is how new bitcoins enter circulation.
How are Bitcoins Stored?
Bitcoin are stored in digital bitcoin wallets and it is from your wallet that you can send or receive bitcoin. Unlike a bank account, wallets are completely anonymous and the only proof that someone owns a particular wallet is by knowing the password. If you lose the password, there is no way to recover any bitcoin stored in it. There has been several high profile cases of people losing millions after throwing out hard drives containing their bitcoin wallet passwords. This makes wallet security a high priority for bitcoin owners. Anyone is free to set up their own wallet and you can do this yourself or you can use third party websites and products that offer wallet services; however, you entrust the security of your wallet to their services.
How is Bitcoin’s value determined?
Bitcoin is not a fiat currency, nor is it backed by any precious metal, so determining its value is somewhat different to most other currencies and the very nature of it means it is subject to volatility. Bitcoin can be influenced by factors outside the fundamental influences which impact the forex markets. The value of bitcoin is influenced heavily by speculators, government regulations and its adoption by mainstream corporations as a valid payment option.
What Year was bitcoin created?
Bitcoin was first introduced to the world on October 31, 2008 in a paper entitled ‘Bitcoin: A Peer-to-Peer Electronic Cash System', with the cryptocurrency first made widely available by January 3, 2009.
How Many Bitcoins are Traded per day?
As the blockchain is a permanently accessible record of all bitcoin transactions this is very easy to track. A typical day sees between 250,000-350,000 transactions.
What was the first broker to accept bitcoin for deposit/withdrawals?
One of first brokers to accept Bitcoin for deposits/withdrawals was FX Primus.
What was the first broker to trade bitcoin?
Plus500 was one of the first regulated brokers to offer Bitcoin as a financial instrument.
What are the alternatives to Bitcoin?
Want to trader other cryptocurrencies? You can read more cryptocurrency broker comparisons here:

Related Pages

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.