We have all heard about cryptocurrency as it has been a trending topic over the past years, with it gaining momentum in 2021. Almost everyone is interested in investing in crypto, but very few know how to venture into the world of cryptocurrency.
When thinking of trading and investing in cryptocurrency, you might need a broker to help you in the investment process as it may be hard to know how to invest or go about it.
A crypto broker acts as a go-between for the buyer (the consumer) and the cryptocurrency exchange. Before selecting a broker, you should first distinguish your needs as an investor and trader. In this article, we shall be looking at some of the best crypto brokers.
Which are the Cryptocurrency Brokers
1. eTero
eToro is the world’s most famous social trading platform, providing a comprehensive set of tools for investing in the capital markets. Moreover, it is a multi-asset platform that allows investors to invest in stocks and crypto assets and trade CFDs. In 2007 the establishment of etero took place with over 20million traders.
2. Interactive Brokers
Interactive brokers ensure that your money pace is secure and can surpass the good and bad times. IBRK has a strong capital position, conservative balance sheet, and automated risk controls, which helps its users avoid making significant losses.
IBKR aims mainly at experienced traders and investors, but with the addition of free trades with IBKR Lite, casual traders can now become acquainted with the platform’s offerings.
3. Coinbase
Coinbase is a large and well-established cryptocurrency exchange. It currently serves 43 million users across more than 100 countries. Coinbase has a wealth of educational resources and an easy-to-use interface that is ideal for new traders and investors.
Clients can also access a hosted wallet and receive global customer support from the exchange. Coinbase is an excellent choice for those new to the cryptocurrency market who do not want to use social trading platforms.
4. Caleb and Brown
Brown and Caleb is a select group of the world’s leading cryptocurrency brokers. In 2016 Caleb and Brown was founded as it became an outstanding personal cryptocurrency firm for every client. Moreover, Clients can trade through a single, trusted entity if they have access to large volumes of cryptocurrency instantly and at a spot price.
4. iTrustCapital
iTrustCapital is a self-directed IRA provider that allows you to use your retirement account to invest in cryptocurrencies, gold, and silver. iTrustCapital focuses on giving investors an easy-to-understand and straightforward platform, which can be a massive help if you’ve never bought or sold alternative investments before.
One of the few cryptocurrency brokers that allow you to trade and hold physical gold in your retirement account is iTrustCapital (IRA). In addition to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), you can trade these cryptocurrencies in your IRA. For your crypto transactions, iTrustCapital offers a personal wallet by Curv.
5. Webull
Webull, a mobile app-based brokerage founded in 2017, offers commission-free stock and exchange-traded fund (ETF) trading. The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) oversee it (FINRA).
While creating trading portfolios, Webull is the best option to go for. It supports well-known crypto such as Dogecoin Ethereum and Bitcoin.
Get a Trusted Broker
A cryptocurrency broker helps make it easier to trade for users as it is secure and straightforward. As seen in the above article, ensure to research the cryptocurrency broker as they serve a different purpose.