Best Online Crypto Broker for a Beginner
There are many cryptocurrency brokers that allow you to buy and sell a variety of digital currencies, either directly or via CFDs. As a beginner, you will want to find a reliable brokerage, with features that will help you get started easily, such as a low deposit, demo account, and a high-quality education portal. Here are some of the top crypto brokers for new traders.
eToro Crypto Trading
eToro is a well-respected online broker, that specialises in cryptocurrencies, offering them both for direct trading, and as CFDs. The broker is known for its excellent, and very innovative copy trading platform, which allows beginners to follow more experienced traders, and copy their trades. eToro offers nearly 100 crypto pairs, easy onboarding, and a risk-free demo account, along with top-notch customer service and an extensive education and help section, making it an excellent choice for new crypto traders. Read our full review here.
OctaFX Crypto Trading
OctaFX provides easy-entry crypto trading, with tight spreads, low fees, and a minimum deposit of just $5. There is the opportunity to trade cryptocurrencies as CFDs, with leverage of up to 1:2 and you can trade micro-lots, with the minimum trade size being just 0.01 lots, making this a very beginner-friendly and accessible brokerage.
There is a sign-up bonus on first-time deposits, weekly competitions for cash prizes, a variety of educational content, and a free demo account. Read our full review here.
Plus500 Crypto Trading
Plus500 is a popular crypto broker, offering tight spreads, a good choice of digital currencies, deposit protection, and a user-friendly platform. The minimum deposit is £100, and it is possible to trade cryptocurrencies as CFDs with up to 1:4 leverage.
There is excellent customer support, available 24/7, and the opportunity to invest in the Crypto 10 Index. This brokerage also offers some excellent risk management tools, and a free demo account. Read our full review here.
XTB Crypto Trading
XTB are a well-respected broker, offering around 25 cryptocurrencies to buy, sell and trade. They offer user-friendly platforms, including the ever-popular MetaTrader4, and provide easy onboarding and high quality customer support.
Trading fees are competitive, with spreads as low as 0 pips, deposit protection is offered, and there is an education and research section with some useful resources for beginner traders. The minimum deposit at this broker is higher than at some competitors, at $250. Read our full review here.
Markets.com Crypto Trading
This brokerage offers cryptocurrency trading in several of the more popular digital coins, with transparent pricing, and spreads from 0.01 pips. Digital currencies can be traded 24/7 and are available as CFDs with leverage of up to 1:2. MT4 trading is available, or you can use the proprietary Web Trader platform, which is very straightforward and user-friendly.
Customer support is easily accessible via phone and email, including several international phone lines. This broker has a minimum deposit of 100 USD, and offers deposit protection and negative balance protection. Markets.com has a limited research and education offering, but does provide a useful demo account, and a Mini account, tailored to less-experienced traders. Read our full review here.