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Top Five Brokers To Trade Bitcoin and Other Cryptocurrencies

Currency
Trading Bitcoins and other cryptocurrencies has seen a dramatic increase in popularity among traders and if you are looking for a broker that includes bitcoin in their portfolio, we have listed the five best regulated brokers that allow you to trade Bitcoin below. However, not all virtual platforms are created equally. Some naturally offer more amenities and flexibility than others. Let us examine five brokers which are considered to be the best in the business.

AvaTrade

AvaTrade allow you to trade bitcoin with on popular MetaTrader 4 platform alongside healthy leverages of up to 1:400, AvaTrade has been a respected online brokerage for a number of years. Another massive benefit in regards to this firm is that a minimum deposit of only $100 dollars is required to open an active trading account. Risk-averse traders will therefore be quite pleased. As AvaTrade was awarded the Best Forex Broker for 2015 by FXEmpire, clients be can rest assured that they are dealing with one of the most advanced portals in existence. Other benefits found within this portal include:

  • Automated trading.
  • Guaranteed stop-loss orders.
  • Real-time charts.
  • News and market analyses.

AvaTrade currently allows all members to deposit funds via Bitcoin as well as standard options such as wire transfers and credit cards.

Plus500

Plus500 was one of the first online brokers to allow trading of Bitcoins through their CFD platform. Plus500 is a perfect option for those who wish to enjoy a proprietary trading platform alongside a host of flexible leverages (depending upon the underlying asset being traded). A minimum deposit of €100 euros enables this portal to particularly appeal to those who may not have a great deal of capital to trade at any given time. More than 20 languages are available and this software is compatible with Windows as well as Macintosh operating systems (mobile trading applications are included). Some other notable advantages particular to Plus500 include:

  • Trading alerts (both mobile and standard email).
  • Trailing stops.
  • Guaranteed limit orders.
  • The ability to trade indices, stocks, commodities and ETFs.

Besides Bitcoin, other payment options include Moneybookers, PayPal and standard bank wire transfers.

eToro

eToro is probably one of the most popular online trading platforms that allow you to trade Bitcoins with over 4 million registered users. eToro was founded in 2007 and this system is thought by many to be the best in the world in regards to social trading. In simpler terms, those who may be new to the industry can easily monitor trends and follow the actions of more experienced investors. This can dramatically decrease the learning curve while mitigating the risks involved within any position. A minimum entry-level deposit of only $50 dollars perfectly compliments healthy leverage options of up to 1:400. Proprietary software is offered such as eToro WebTrader and eToro OpenBook. Mobile-friendly options are likewise available to all clients (for Windows, iOS and Android operating systems). A 30-day demonstration account is available while unlike some other firms, dedicated customer support specialists are available 24 hours a day. A few other amenities provided through eToro are:

  • OCO orders.
  • One-click execution of all trades.
  • A first-time deposit bonus of up to 30 per cent.
  • Streaming news feeds.
  • Islamic trading accounts.

You can also fund your account with Bitcoins and other options including Neteller, MoneyGram, credit and debit cards, Western Union and PayPal. Please note that eToro is currently not available to investors within the United States.

ATC Brokers

ATC Brokers is another well-established player within the malleable world of the Forex marketplace. Founded as far back as 2005, this portal is currently one of the oldest that is still in operation. One distinct advantage offered by ATC Brokers is that as they are based out of the United States, domestic clients are welcome. Robust support methods such as email, telephone, web questionnaires and live chat will attend to the needs of all customers. While a minimum account size of $5,000 dollars could prove to be slightly expensive for first-time day traders, spreads as low as 0.6 pips make ATC Brokers an attractive option for those who are looking to maximise their profits. Please note that this spread does not include the commissions charged. Trading platforms include MetaTrader 4, Trading Station II and ATC Trader (their own proprietary software). A few other notable advantages include (but are not necessarily limited to):

  • Pending orders.
  • Hedging.
  • Access to overnight interest rates.
  • PAMM accounts.
  • Live elephone trading.
  • Islamic accounts.
  • Mobile-friendly trading platforms.

Bitcoins are currently accepted as a form of currency. Other methods include credit and debit cards, cheques and bank wire transfers.

InstaForex

InstaForex rounds out this top-five list. This platform is an interesting mix of the traditional and the modern. Although traders only have access to the MetaTrader 4 platform and ForexCopy is the single social trading instrument, the accessories offered are worth a closer look. InstaForex boasts regularly updated articles, a comprehensive glossary of all relevant trading terminology, news feeds and an entire educational course for beginners. Other amenities are seen as:

  • Fixed spreads.
  • No commissions (these are included within the spread).
  • Eleven different ongoing competitions.
  • Access to social trading signals.

However, novices are not the only traders to take advantage of this system. Leverages of up to 1:1,000 easily allow InstaForex to provide some of the most potentially profitable platforms. However, such leveraged positions will naturally incur a great deal of risk and only experienced traders should make use of this feature. Binary options are available alongside standard currency pairs and this can be an excellent way to diversify a current portfolio. Besides Bitcoin deposits, some other payment choices include AlertPay, Liberty Reserve, WebMoney, MoneyBookers and standard credit cards.

These are considered to be the five top brokers that currently offer Bitcoin deposits as a portion of their standard trading options. As always, a great deal of risk is involved with any online trading position and investors are encouraged to recognise such risks in order to avoid potentially large losses.

Disclaimer: Some of the links in this article may use affiliate links, meaning that we receive a commission if you setup an account with a broker after visiting them through our link. These commissions help to cover the costs of running this website, and do not add any extra cost to you (in some cases, it provides you with better rates), as our commission is covered by the broker.