Best Broker for Crypto Daytrading
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While the information is deemed to be accurate, we cannot make any representations to that matter. See our full disclaimer for more details. Finding a broker for trading in Bitcoin against fiat currencies can be easy with numerous brokers offering the facility, but fewer platforms specialize in altcoin trading, and the features offered differ in many ways.
Therefore, it is important best broker for trading cryptocurrency choose best broker for trading cryptocurrency broker that can offer features that are critical for your trading strategy and needs.
Your search for cryptocurrency brokers should also focus on pairings with a range of cryptocurrencies apart from Bitcoin itself. Other factors that would impact your trading are the trading fees and whether you are also considering margin trading.
On that note, here are some reliable cryptocurrency best broker for trading cryptocurrency. Bitmex is recognized globally among well-known cryptocurrency brokers, and their trading volumes are high. You can only trade some of the major altcoins, although you can do so on leverage, making this a leading platform for margin traders. You can deposit or withdraw only Bitcoinwhich means that you can use Bitmex to add to your Bitcoin holdings by trading Bitcoins against other altcoins.
With this broker, you can expect up to An initial account can be started with just your name and a valid email address. No other ID verification is needed. Bitmex has also enjoyed top-level security with no hacks reported so far, at least as of the time of this writing. This platform charges a 0.
HitBTC is among the handful of cryptocurrency brokers that list a wide array of altcoins, which also demonstrates their level of specialization in the field. Further, you can also withdraw or deposit any of the supported altcoins and not just Bitcoins, unlike Bitmex. Another interesting feature with this broker is the demo mode, which is great when you are a beginner. However, margin best broker for trading cryptocurrency is not available on the demo mode. The trading fee is 0.
The security is excellent, best broker for trading cryptocurrency no hacks have been reported so far, as of the time of this writing. Cryptopia is reckoned as a giant among cryptocurrency brokers, particularly when we consider the extensive range of altcoins, including some unknown coins with negligible market caps. You can withdraw or deposit all altcoins that are listed on the site. What sets this broker apart is the fact that over Altcoins can be traded here.
This broker charges a 0. Security is considered good, though no details best broker for trading cryptocurrency available from the site.
Bittrex — Wide range of Altcoins, allows only cryptotransfers. Bittrex lists a wide range of altcoins in the middle and high range with regard to popularity and market cap. To start trading with Bittrex, you must own Bitcoin or other cryptocurrencies.
Withdrawals and deposits are permitted with all listed coins. This broker does not support margin trading.
This platform does not offer any leverage and charges a trading fee of 0. Basic accounts do not need any ID verification, though you can have only limited withdrawals from basic accounts. No demo mode is offered, and security is considered top notch with no hacks reported so far as of this writing.
Poloniex offers trading on a wide array of altcoins, but leverage is available only against some of them. Transfers are through cryptocurrencies only. While Poloniex offers an impressive range of altcoins and leverage on many of them, it does not support fiat currencies at all. However, you can trade most altcoins using USDT. The site offers very basic order types with stop loss function. The leverage offered for many altcoins is 2. The trading fee ranges between 0. ID verification is not mandatory unless you need large withdrawal limits.
No demo mode is offered, and security is considered excellent, though the site experienced a small hack in If you are in search of specific altcoins with low caps, it is more likely that you will find them here. Yobit does not offer any leverage, and you have just the basic order types.
However, this is an excellent way for beginners to get acquainted with trading in cryptocurrencies. The trading fee is charged at — 0. No ID verification is needed, and the security is considered excellent, with no hacks having been reported as of the time of this writing. Whaleclub is a great place if you are looking to trade in a limited range of Altcoins on margin.
Dash, Monero, Litecoin, Ethereum are among the altcoins included. However, this is not a specialized platform. Your trading best broker for trading cryptocurrency should therefore be converted to BTC before you can encash the profits. Whaleclub is also a broker for many other asset classes like stocks, commodities, forex, bonds and indices.
Generally speaking, you can access all the above cryptocurrency brokers from almost anywhere in the world, especially those with basic accounts which do not call for ID verification. BitMex — Trades all major Altcoins, more leverage for BTC Bitmex is recognized globally among well-known cryptocurrency brokers, and their trading volumes are high. Cryptopia — Wide range of Altcoins, supports only transfer of Cryptos Cryptopia is reckoned as a giant among cryptocurrency brokers, particularly when we consider the extensive range of altcoins, including some unknown coins with negligible market caps.
Bittrex — Wide range of Altcoins, allows only cryptotransfers Bittrex lists a wide range of altcoins in the best broker for trading cryptocurrency and high range with regard to popularity and market cap. Poloniex Poloniex offers trading on best broker for trading cryptocurrency wide array of altcoins, but leverage is available only against some of them.
Yobit Yobit supports USD and a wide array of altcoins.