| Broker | Features |
|---|---|
  FeaturedGo to XTB | Excellent 24-hour customer service. More than 3000 instruments to trade. Regulated broker.(*) Warning: Your capital is at risk. 79% 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 IFSCWeb Page: https:/www.xtb.com |
 FeaturedGo to Pepperstone | Very low spreads on over 1,200 instruments. 24/7 support, fast execution and no requotes.(*) Warning: Between 74-89 % of retail investor accounts lose money when trading CFDs. 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 SCBWeb Page: https://www.pepperstone.com |
 FeaturedGo to eToro | Buy stocks without commission. Automatically copy the best investors with the eToro CopyTrader tool.(*) Warning: 77% 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 ASICWeb Page: https://www.etoro.com |
 Go to IC Markets | True ECN account with ultra-low spreads and ultra-fast execution designed for scalping and automated trading systems. 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 FSAWeb Page: https://www.icmarkets.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.(*) Warning: 86% 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, DFSA and FSAWeb Page: https://www.plus500.com |
 Go to IQ Option | $1 minimum investment. Powerful and intuitive trading platform. Fast withdrawals.(*) Warning: Your capital might be at risk. With IQ Option you can trade Bitcoin and other cryptocurrencies such as Stellar, Ethereum, Zcash, EOS, TRON, Dash,...Demo Account: Yes, unlimited Minimum Deposit: 50 €/$ Trading Platforms: Proprietary Platform, iOS App, Android App. Execution: Market Maker Regulation: CySECWeb Page: https://www.iqoption.com |
 Go to Exness | Low spreads as low as 0.0 pips. No swaps on most instruments. Instant withdrawals. 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 SDLWeb Page: https://www.exness.com |
 Go to AvaTrade | One of the most regulated brokers worldwide (in 9 different jurisdictions). 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 FSAWeb Page: www.avatrade.com |
 Go to Eightcap | 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 SCBWeb Page: https://www.eightcap.com |
 Go to Axi | 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 DFSAWeb Page: https://www.axi.com |
 Go to FP Markets | 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, cTrader, IRESS. Execution: ECN Regulation: ASIC, CySEC and FSPWeb Page: https://www.fpmarkets.com |
 Go to OANDA | 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: Non Dealing Desk Regulation: FCA, ASIC, NFA, IIROC, BVI FSCWeb Page: https://www.oanda.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 features, 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, 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?
