Brokers for Bitcoin Trading

Author: Eduardo Montero - Updated: 29 September, 2022

Broker	Features
Featured Go to XTB	Excellent 24-hour customer service. More than 3000 instruments to trade. Regulated broker. OPEN ACCOUNT (*) Warning: Your capital is at risk. 81% of retail CFD accounts lose money. With XTB you can invest in Bitcoin with low spreads and also in more than 10 major cryptocurrencies. Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: xStation5, iOS App, Android App. Execution: Market Maker / STP Regulation: FCA, CNMV and IFSC Web Page: https:/www.xtb.com
Featured Go to Pepperstone	Very low spreads on over 1,200 instruments. 24/7 support, fast execution and no requotes. OPEN ACCOUNT Pepperstone allows you to trade Bitcoin, as well as 10 other digital currencies and baskets of the world's most traded cryptocurrencies. Demo Account: Yes Minimum Deposit: 200 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView. Execution: STP / NDD Regulation: FCA, ASIC, CySEC, BaFin, DFSA, CMA and SCB Web Page: https://www.pepperstone.com
Featured Go to eToro	Buy stocks without commission. Automatically copy the best investors with the eToro CopyTrader tool. OPEN ACCOUNT (*) Warning: 78% of retail CFD accounts lose money. With eToro you can trade Bitcoin (or more than 40 other cryptocurrencies) manually or automatically copy the best strategies of other traders. Demo Account: Yes, unlimited Minimum Deposit: 200 $ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC and ASIC Web Page: https://www.etoro.com
Go to Exness	Low spreads as low as 0.0 pips. No swaps on most instruments. Instant withdrawals. OPEN ACCOUNT Exness allows you to trade Bitcoin crosses against numerous global currencies as well as over 30 different cryptocurrencies. Demo Account: Yes Minimum Deposit: 10 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker / ECN Regulation: FCA, CySEC, FSCA, FSC, CBCS, FSA and SDL Web Page: https://www.exness.com
Go to AvaTrade	One of the most regulated brokers worldwide (in 9 different jurisdictions). OPEN ACCOUNT With AvaTrade you can buy or sell Bitcoin. Also 20 other digital assets such as Ethereum, Ripple, Stellar, Dash, NEO, EOS, Litecoin,... Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, MetaTrader 4, MetaTrader 5, iOS App, Android App. Execution: Market Maker Regulation: Central Bank of Ireland, ASIC, BVI, FSCA and FSA Web Page: www.avatrade.com
CFD Service Go to Plus500	Broker with more than 23 million registered customers since its inception and a Trust Pilot Score of 4.2 out of 5. OPEN ACCOUNT (*) Warning: 79% of retail CFD accounts lose money. Plus500 allows you to trade Bitcoin through its CFD platform. You can also trade over 15 different cryptocurrencies. Demo Account: Yes, unlimited Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC, ASIC, FSCA and FSA Web Page: https://www.plus500.com
Go to IQ Option	$1 minimum investment. Powerful and intuitive trading platform. Fast withdrawals. OPEN ACCOUNT (*) Warning: Your capital might be at risk. With IQ Option you can trade Bitcoin and other cryptocurrencies such as Stellar, Ethereum, Zcash, EOS, TRON, Dash,... Demo Account: Yes, unlimited Minimum Deposit: 50 €/$ Trading Platforms: Proprietary Platform, iOS App, Android App. Execution: Market Maker Regulation: CySEC Web Page: https://www.iqoption.com
Go to IC Markets	True ECN account with ultra-low spreads and ultra-fast execution designed for scalping and automated trading systems. OPEN ACCOUNT With IC Markets you can invest in Bitcoin alongside 19 other digital currencies such as Litecoin, Bitcoin Cash, Namecoin, PeerCoin, Polkadot, Dogecoin, Cardano or Binance Coin. Demo Account: Yes Minimum Deposit: 200 $ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader. Execution: ECN Regulation: ASIC, CySEC and FSA Web Page: https://www.icmarkets.com
Go to Eightcap	OPEN ACCOUNT With Eightcap you can trade Bitcoin and other cryptocurrencies such as Ethereum, Monero and Litecoin against the US dollar. Demo Account: Yes Minimum Deposit: 100 $ Trading Platforms: MetaTrader 4, MetaTrader 5, TradingView. Execution: STP / ECN Regulation: ASIC and SCB Web Page: https://www.eightcap.com
Go to Axi	OPEN ACCOUNT The Axi broker allows you to trade Bitcoin and 4 other cryptocurrencies against the USD. Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: MetaTrader 4. Execution: STP / ECN Regulation: FCA, ASIC, FSA and DFSA Web Page: https://www.axi.com
Go to FP Markets	OPEN ACCOUNT With FP Markets you can trade Bitcoin or 3 other cryptocurrencies (Bitcoin Cash, Ethereum and Litecoin). Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, IRESS. Execution: ECN Regulation: ASIC and CySEC Web Page: https://www.fpmarkets.com
Go to OANDA	Deposit bonus up to $5,000. OPEN ACCOUNT Oanda allows online trading with Bitcoin and 3 other popular cryptocurrencies. Demo Account: Yes, unlimited Minimum Deposit: 0 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker Regulation: FCA, ASIC, NFA, IIROC, MFSA, BVI FSC Web Page: https://www.oanda.com
Go to Capital.com	OPEN ACCOUNT (*) Warning: 81.40% of retail CFD accounts lose money. On the Capital.com platform you can trade Bitcoin and a wide range of more than 200 cryptocurrencies and crosses between them or with the main world currencies. Demo Account: Yes, unlimited Minimum Deposit: 20 €/$ Trading Platforms: WebTrader, TradingView, iOS App, Android App. Execution: Market Maker Regulation: FCA and CySEC Web Page: https://www.capital.com
Go to OctaFX	50% bonus on every deposit. OPEN ACCOUNT OctaFX allows you to trade Bitcoin and the 4 most popular cryptocurrencies in their price cross against the USD. Demo Account: Yes, unlimited Minimum Deposit: 5 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: STP / ECN Regulation: FSA Web Page: https://www.octafx.com

What are the best brokers to buy or sell Bitcoins?

Bitcoin (BTC) is currently the most important cryptocurrency in the world (the one with the largest market capitalisation by far), setting the course for the entire cryptocurrency market. Investment in Bitcoin is clearly booming, due to the significant growth it has experienced since its appearance in 2009 and also because of the opportunities offered by the high volatility of the price of this virtual currency.

Bitcoin is characterised by being a decentralised currency that does not depend on any government or central issuer. It also provides anonymity, as no identification is required to participate in the Bitcoin network. Due to its properties, this cryptocurrency is considered a safe haven asset (it has many points in common with gold, in fact, it is considered “digital gold” or “gold 2.0”). In any case, its short-term movements make it a suitable asset for trading.

All the nodes that make up this network exchange information, ensuring the integrity and security of the transactions that are stored in what are known as blockchains or “blockchain” (the technology that supports this and other cryptocurrencies). The process of generating new Bitcoins is known as “mining”, putting the computer at the service of the blockchain through the resolution of algorithms (it is a competitive process in which computer equipment with graphics power is required). The predefined limit of Bitcoins is 21 million Bitcoins; when this number is reached, no more mining is possible. 21 million Bitcoins is the entire existing money supply, which makes it valuable because it is considered a scarce asset.

It is currently estimated that there are more than 10,000 cryptocurrencies worldwide, but none are as popular as Bitcoin. Today there are many companies that accept Bitcoin as a form of payment (online shops in multiple sectors, hosting providers, telephone services, online gambling, etc.). There are even brokers that accept Bitcoin for depositing and withdrawing funds from your trading account. These applications show that Bitcoin is here to stay. It has far surpassed the embryonic phase in which many other cryptocurrencies are disappearing due to lack of demand. Bitcoin’s most serious competitor among virtual currencies is currently Ethereum (see brokers to invest in Ethereum or other cryptocurrency brokers).

Although they are two assets that serve the same purpose, Bitcoin and Ethereum have different nuances, such as the possibility of executing smart contracts (Ethereum).

Bitcoin’s price is a seesaw of ups and downs, with the volatility characteristic of this novel market. In December 2017, Bitcoin surpassed the $19,000 mark for the first time in its history, before falling sharply and then recovering. The growth or decline it may have in the coming months and years will depend on several aspects, for example:

• Attempts by some countriesto regulate or restrict its use.
• Adoption as a currency by others who are already showing interest.
• Continued popularity compared to other forms of payment.
• Vulnerabilities or security issues that may be encountered in the future.

These and other reasons mean that the volatility of this cryptocurrency is high; and therefore that it offers significant investment opportunities.

Trading bitcoins is very popular among traders in parts of the world like:

In the Middle East: Saudi Arabia, United Arab Emirates (Abu Dhabi, Dubai,…), Kuwait, Bahrain, Qatar,…
Southeast Asia: Malaysia, Thailand, Singapore, Vietnam, Philippines or Indonesia.
In Europe: United Kingdom, Germany, Netherlands, Norway, France,…
In Africa: South Africa, Senegal, Nigeria, Kenya,…
In Oceania: Australia and New Zealand.
In East and South Asia: Japan, China, India, Taiwan,…

Due to its popularity, many online brokers allow trading in this asset through CFDs. In the comparison table above you can find what we consider to be the best brokers for Bitcoin trading and their main features.

In addition, Bitcoin is also accepted by some online brokers to deposit or withdraw funds from your trading account: Many brokers accept Paypal as a payment method, others Skrill or Neteller and most accept bank transfer or credit card, but lately brokers have emerged that, in addition to trading with Bitcoin, allow you to use this cryptocurrency to deposit and withdraw funds.

References and sources:

• Benefits & Risks of Trading Forex with Bitcoin
• Is Bitcoin Dead?
• Trading Bitcoin on Wall Street
• What is Bitcoin Mining Software?

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About the author: Emontero

I am Eduardo Montero. Computer scientist by profession and passionate about online trading with more than 10 years of experience in the financial markets. I publish articles on various financial websites and I have created this website in order to help those interested in the world of trading. The content is based on my personal experience as a trader, learning from the successes and above all the mistakes I have made over the years and always prioritising risk control of operations as, from my point of view, it is the only way to achieve sustainable results over time.

The content of this website is purely informative, it should not be considered as investment advice and we do not offer financial advisory services. You should bear in mind that you are the one who will make your financial decisions and you will be responsible for the outcome of those decisions.