Even after so many speculations, the popularity of bitcoin keeps on rising. The volatile feature of bitcoin is attracting more investors in the hope of earning more profits. Bitcoin brokers have been helping many investors to help in smooth trading. Powerful security, integrated safe wallets, cold storage, and two-factor authentication are the most attractive features of bitcoin brokers that are helping investors to make profits. Bitcoin brokers also provide access to different cryptocurrencies like ethereum, and bitcoin.
Here are the most popular bitcoin online brokers that can be made use of in the year 2023.
eToro is a commission-free platform that offers bitcoin trading. However, the platform charges are spread according to the cryptocurrency the trader decides to trade. For bitcoins, they charge a margin of 75 basis points, but for uncertain cryptocurrencies, the charge can be around 500 basis points or it can be 5%. CopyTrader is one of the major attractions of eToro that helps users to connect with other major traders available on the platform so that you can copy the way they trade.
Coinbase is a crypto trading platform that allows all the major cryptocurrencies like Bitcoin, Solana, Ethereum, Tether, etc. The platform provides access to over 100 cryptocurrencies. Coinbase also offers a vault to store and for extra protection, time-delayed withdrawals are also available. The commission structure of the exchange is steep and charges a spread margin of 0.5% along with a transaction fee based on the funding source and the transaction’s size.
Binance is a popular online broker that allows you to buy and sell cryptocurrencies like Bitcoin, Ethereum, and some other smaller crypto coins. The platform offers access to more than 60 cryptocurrencies. Bitcoin feature’s low commission rate and the charge gets lower with increased trading. 0.1% of your trade value is the starting fee for the trading. With an increase in your trade volume, the price falls.
Kraken allows you to trade on numerous cryptocurrencies including Ethereum and Bitcoin. The platform also supports some emerging cryptocurrencies like Solano and Cardano. The fee is 1.5%, for stable coins, it is 0.9%. There will be extra fees for those who are using a bank card for funding via bank. Kraken Pro is the premium tier of the platform ideal for active traders where the charge decreases from 0.16% to 0.25%.
TradeStation offers a couple of options for traders that allow direct currency using TradeStation Crypto. Traders will have to pay a commission-based charge for this. Your account balance with the TradeStation is what determines the pricing and there will be variations if your order is marketable directly. The normal pricing is 0.05% of the order to about 0.3%.
- Charles Schwab
Charles Schwab is one of the top bitcoin brokers and allows Bitcoin futures trading. There is no minimum account for Charles Schwab and is highly investor-friendly. But there will be a minimum margin if you trade any future contract.