Which Crypto Has Lowest Transaction Fees 2021

With the total market capitalization of digital currencies surpassing the $one trillion dollar level in 2021 – it goes without saying that at that place are at present hundreds of crypto trading platforms to choose from. Earlier selecting a provider – yous’ll demand to wait at core factors surrounding fees and commissions, regulation, supported markets, payments, and client service. In this guide, we review the
All-time Cryptocurrency Trading Platform for 2021
and walk you through the required steps to get started with an account today.

Best Cryptocurrency Trading Platforms 2021

The best cryptocurrency trading platforms for 2021 can be found below. We review each provider in great particular further down.

  • eToro
    – Overall All-time Cryptocurrency Trading Platform 2021
  • Upper-case letter.com
    – Best Cryptocurrency Trading Platform for Leveraged CFDs
  • Binance
    – Best Crypto Commutation for Day Trading Digital Currencies
  • Robinhood
    – All-time Crypto Platform for Beginners Based in the US
  • Coinbase
    – All-time Cryptocurrency Trading Platform for Showtime-Time Buyers
  • Libertex
    – Best Cryptocurrency Trading Platform for Tight Spreads
  • Kraken
    – Best Cryptocurrency Trading Platform for Europeans
  • Gemini
    – Best Crypto Trading Exchange for Large Investments
  • Luno
    – All-time Crypto Broker for Mobile Trading
  • Coinmama
    – All-time Cryptocurrency Trading Platform for Long-Term HODLers

All-time Crypto Trading Platforms Reviewed

When searching for the best cryptocurrency trading platform for your investment goals – in that location are several key metrics to focus on. For example, the platform should offer a wide selection of digital currency markets at competitive commissions. There should be support for your preferred payment method and of class – the platform should accept a swell reputation.

To assistance you lot choose the right provider, below you detect in-depth reviews of the best cryptocurrency trading platforms available in the marketplace right now.

1
.

eToro – Overall Best Cryptocurrency Trading Platform 2021

etoro logoFor us – eToro wins the honour for the overall all-time cryptocurrency trading platform in 2021. This heavily regulated platform is at present used by over xx million traders effectually the globe. The provider is home to a huge pick of crypto markets that you tin can merchandise with ease.

This includes major crypto assets similar Bitcoin, Ethereum, Ripple, and Litecoin – as well as a selection of Defi coins. The latter covers Uniswap, Yearn.Finance, Chainlink, Decentraland, and more. This means you tin can easily buy the best established cryptos as well as the new cryptocurrencies poised to explode. When it comes to minimums, yous can buy and sell cryptocurrencies at eToro from simply $25 per merchandise.

In terms of fees, this is where eToro really stands out. The platform operates a spread-only commission model – meaning that you only need to comprehend the difference between the bid and ask price. To give you an case, Bitcoin tin be bought and sold at a minimum spread of only 0.75%. Yous tin can easily deposit funds into eToro too – as the platform supports plenty of popular payment methods.

bitcoin price chart

This includes debit and credit cards issued by Visa, MasterCard, and Maestro. E-wallets are also supported – including Paypal and Neteller. Banking concern transfers are besides an choice simply this can delay the deposit by a couple of days. The minimum deposit for The states traders is just $50. Nearly other countries are required to meet a minimum of $200. We should also notation that eToro offers a number of pop trading tools that allow you to invest in cryptocurrencies passively.

For case, the CryptoPortfolio – which is professionally managed by the eToro trading team, allows yous to invest in 16 different crypto avails through a unmarried trade. In a similar nature to a conventional ETF, eToro will regularly rebalance the portfolio to make sure it alligns with the wider cryptocurrency market. You then have the eToro Re-create Trading tool, which allows you to mirror the purchase and sell positions of an experienced crypto trader.

For example, if they run a risk ten% of their majuscule on EOS, you will re-create the exact aforementioned merchandise – simply at a proportionate amount. Both the CopyPortfolio and Copy Trading tools come with no additional fees, but there is a minimum investment amount of $1,000 and $500 respectively. In addition to cryptocurrencies, this brokerage site offers thousands of culling fiscal instruments. This includes stocks from 17 international exchanges, ETFs, indices, forex, precious metals, energies, and more than.

About importantly – eToro is authorized and regulated past a number of reputable bodies. This includes ASIC, CySEC, and the FCA. The crypto platform is too approved by FINRA and the SEC. If you are trading cryptocurrencies for the very first time, eToro offers a virtual portfolio platform. This mirrors alive crypto market weather, and so y’all can purchase and sell digital avails without needing to eolith or run a risk any coin.


Pros


  • Heavily regulated trading platform used by over 20 million people

  • 0% commission on stocks and ETFs

  • Spread-only pricing structure on crypto, indices, forex, and bolt

  • Very easy to employ – ideal for beginners

  • Minimum pale starts at $25 per merchandise

  • Supports debit/credit cards, bank transfers, and due east-wallets

  • Copy Trading features promote passive investing


Cons


  • Charting assay tools are a bit basic

67% of retail investors lose money trading CFDs at this site

ii. Capital.com – All-time Cryptocurrency Trading Platform for Leveraged CFDs

Capital letter.com is a CFD trading platform that also offers spread betting facilities. The provider is home to thousands
capital.com reviewof instruments – which covers everything from stocks, ETFs, and indices to forex, precious metals, and energies. When it comes to cryptocurrencies – in that location is an extensive number of markets on offer.

This includes a huge selection of crypto-to-fiat pairs – such as BTC/USD and ETH/EUR. You and so accept crypto-to-crypto pairs like BTC/BYN and ETH/BTC. If y’all’re keen to trade Defi coins too, Majuscule.com offers more than than 30 markets. As noted above, Uppercase.com offers CFD instruments – significant that yous can actively trade crypto avails without owning the underlying coins. Instead, CFDs simply track the existent-world cost of the cryptocurrency.

capital.com best cryptocurrency trading platform

This does, however, present enough of benefits. Firstly, as the underlying digital token doesn’t exist – you lot don’t need to worry about storage or wallet security. Adjacent, CFDs are leveraged financial products – and then you tin can trade with more than you take in your account. For instance, if you trade Bitcoin at a stake of $50 and apply leverage of ane:2 – your position is boosted to $100. By trading crypto CFDs at Capital.com, y’all volition too be able to choose from a long or brusque position.

This means that you lot tin can await to turn a profit in the event the value of a cryptocurrency goes downwardly. Best of all, Majuscule.com is a 100% commission-costless broker that in most cases – offers super-tight spreads. We also similar the free demo account offered by the provider – which mirrors live market weather condition. The minimum deposit is just $twenty and you can choose from several convenient payment types. This includes debit/credit cards, bank transfers, and a number of eastward-wallets.


Pros


  • 0% commission and tight spreads

  • Thousands of markets on offering

  • CFD asset classes include crypto, stocks, forex, and bolt

  • Minimum deposit of just $20

  • Supports debit/credit cards and eastward-wallets

  • Great for beginners

  • MT4 supported

  • Leverage available – limits depend on your location


Cons


  • You can’y invest in the underlying asset – CFD instruments only

67.7% of retail investor accounts lose coin when trading CFDs with this provider

3. Binance – Best Crypto Exchange for Day Trading Digital Currencies

binance logoIf you lot’re an experienced day trader then Binance might exist the best crypto exchange for your financial goals. First and foremost, Binance is past far the largest commutation in this industry in terms of trading volume. In fact, in the month of May 2021 alone, the platform hosted volumes of more $one.five trillion.

The platform offers hundreds of cryptocurrency pairs. This includes both fiat-to-crypto and crypto-cantankerous markets. In detail, Binance is great for trading smaller-cap coins and ERC-20 tokens. The nearly dominant marketplace is, however, BTC/USDT. Binance is also involved in crypto derivatives. This includes leveraged Bitcoin futures and options contracts.

binance cryptocurrency trading platform

When information technology comes to trading commissions, the entry-level rate is prepare at 0.10% – which is depression. You tin get this downward even further when you meet certain volume thresholds throughout the calendar month, or you have BNB Coins in your Binance wallet. The exchange is as well slap-up if you lot want to perform advanced pricing analysis and chart evaluation. The platform even comes inclusive of chart drawing tools and technical indicators.

In terms of making a deposit, the best way to exercise this is via a cryptocurrency – as this is free. Plus, when you fund your account with a digital currency, there is no requirement to provide personal data or upload KYC documents. If you want to deposit funds with a debit or credit card, Binance volition charge up to 4% – depending on your location. Banking concern transfers are often free but again – this depends on where you live.


Pros


  • Maximum commission of 0.10% per slide

  • Supports hundreds of crypto markets

  • Fiat currency facilities available

  • Accounts take minutes to set up

  • Crypto derivatives markets include Bitcoin futures and options

  • Sinigfcant levels of liquidity and trading volume


Cons


  • High fees on debit/credit deposits


Cryptoassets are highly volatile unregulated investment products.

four
.

Robinhood – Best Crypto Platform for Beginners Based in the U.s.

Robinhood app

If you’re based in the US and are looking for a simple and burden-complimentary way of investing in crypto – Robinhood volition probable suffice. The platform is best known for its stock trading facility and is one of the best trading apps around – which is now used past millions of US-based investors. With that said, Robinhood as well offers a small choice of digital currencies that yous can buy with ease.

This includes Bitcoin, Dogecoin, Bitcoin Cash, Ethereum, and several others. By using Robinhood to merchandise crypto, you can get started with just a few dollars. This is because the platform supports fractional ownership – meaning you can purchase a small fraction of a single coin. Most importantly, Robinhood is a commission-free platform – and then you tin invest in a super low-cost manner.

robinhood best cryptocurrency trading platform

There are no ongoing platform fees at Robinhood, albeit, at that place is a Gold Account that costs $v per month. This comes with a number of perks – such equally being able to merchandise on margin at a competitive interest charge per unit of 2.5% annually. The Aureate Account besides offers increased instant deposits and access to comprehensive enquiry reports. Robinhood accepts deposits in the course of ACH and banking concern wire – so there’s no back up for debit/credit cards.


Pros


  • Trusted The states-based brokerage house

  • 0% committee on stocks, options, and crypto

  • Supports fractional investments

  • Neat for beginners

  • Top-rated mobile app


Cons


  • ACH and depository financial institution wire deposits only

  • US-based traders only

  • Limited selection of crypto assets


Cryptoassets are highly volatile unregulated investment products.

5. Coinbase – Best Cryptocurrency Trading Platform for First-Time Buyers

coinbase logoIf you are looking to enter the crypto trading market for the very first fourth dimension, user-friendly platforms similar Coinbase are platonic. This top-rated provider is used by over 35 meg people – many of which are inexperienced in the cryptocurrency scene.  All yous demand to do to get started is open up an account, upload some ID, and brand a deposit with your debit/credit carte du jour or bank account.

And then, it’s just a example of choosing a cryptocurrency to purchase, entering your stake, and confirming the social club.  Coinbase is abode to dozens of digital currencies of all shapes and sizes. The main result is that the provider is expensive. For example, debit/credit card deposits toll 3.99% and trading commission is set at one.49% for all orders over $200.

Coinbase cryptocurrency trading platform

On the flip side, you will be using one of the most trusted crypto exchanges in this industry. On tiptop of beingness regulated in the United states, Coinbase is home to institutional security controls. This includes cold storage of customer funds (98%), two-gene authentication. and IP accost whitelisting. Coinbase also offers a digital wallet that not only allows you to store your digital assets – but yous can buy them too.


Pros


  • Regulated in the U.s. and used by over 35 million clients

  • Dozens of supported digital currencies

  • Easily deposit funds with a debit/credit card

  • Perfect for inexperienced traders

  • Coinbase Pro offers more than avant-garde features


Cons


  • Charges high fees on debit/credit card deposits

  • Commission of one.49% charged on trades of $200+

  • Perhaps also bones for seasoned pros

  • Customer support is poorly rated


Cryptoassets are highly volatile unregulated investment products.

six
.

Libertex – Best Cryptocurrency Trading Platform for Tight Spreads

libertex logoLibertex is a depression-cost CFD trading platform that offers leveraged cryptocurrency products. You volition have access to an abundance of digital currency markets – most of which are paired with the Usa dollar. As we discussed with Capital.com earlier, by trading crypto CFDs at Libertex you can choose from a long or short position and even apply leverage.

Libertex really stands out in the pricing department, as crypto trading commissions are typically sub-0.1%. Fifty-fifty more chiefly, Libertex is a tight spread CFD trading platform. For those unaware, this means that at that place is no gap between the bid and enquire toll – so you are substantially trading at wholesale rates.

libertex homescreen

In that location is no requirement to come across a huge minimum account balance to benefit from this tight spread policy – as you only need to deposit $100 to go started. After that, the minimum deposit drops down to $10 per transaction. Supported payment methods at Libertex include debit/credit cards and e-wallets. On meridian of digital currencies, the broker as well supports stocks, indices, commodities, forex, ETFs, and more. Libertex is regulated by the FSCA and CySEC.


Pros


  • Tight spreads on all markets

  • Low trading commissions

  • Mininmum deposit of just $100

  • Supports CFD instruments on stocks, crypto, ETFs, forex, commodities, and more than

  • Debit/credit cards and e-wallets accepted

  • Heavily regulated and more than xx+ years in the trading space

  • MT4 and MT5 supported


Cons


  • CFD instruments only – no traditional ownership


Cryptoassets are highly volatile unregulated investment products.

7. Kraken – Best Cryptocurrency Trading Platform for Europeans

kraken logoIn terms of trading volume─ Kraken is 1 of the about popular cryptocurrency exchanges in Europe. The platform supports a wide range of European payment methods – including SEPA and debit/credit cards. Kraken offers plenty of crypto trading markets – which is inclusive of both fiat-to-crypto and crypto-cross pairs.

When it comes to fees, Kraken is relatively competitive, albeit, it depends on what you are looking to trade. For example, if you lot seek to use the Instant Buy feature past using your debit or credit card, this will cost you 3.75% + €0.25. If transferring funds from your depository financial institution account, this feature will cost 0.5%. If you already accept capital in your business relationship, Kraken charges a market taker fee of 0.20% per slide.

Kraken cryptocurrency trading platform

You’ll need to merchandise more than $fifty,000 in a 30-day period to get this committee reduced. In terms of stand-out tools, we do like the crypto derivative department at Kraken. Not only does this allow you to merchandise digital currency futures, just y’all can practise so with leverage of up to 50x. This ways that a $200 stake can be turned into trading upper-case letter of $10,000. There is likewise a demo platform that allows you to merchandise crypto futures in a gamble-free manner.


Pros


  • One of the best crypto exchanges for Europeans

  • Supports SEPA and debit/credit cards

  • Spot trading commission of 0.20% per slide

  • Leverage of upwards to 50x

  • Offers Bitcoin futures markets


Cons


  • Instant Buy feature is expensive

  • No support for e-wallets


Cryptoassets are highly volatile unregulated investment products.

8. Gemini – All-time Crypto Trading Exchange for Large Investments

gemini logo

While most of the best crypto exchanges discussed so far are aimed at casual retail traders – Gemini is platonic if y’all are looking to invest meaning volumes. This is considering the provider is behind one of the most solid regulatory frameworks in the cryptocurrency industry.  Firstly, the platform is authorized and regulated past the New York Country Section of Financial Services (NYSDFS) every bit a trust company.

This in itself comes with a plethora of safeguards with respect to client fund protection and auditing requirements. Gemini is as well home to substantial security controls that ensure your crypto assets are kept safe at all times.  This includes the likes of cold storage and multi-sig applied science – likewise as two-factor authentication, address whitelisting, and back up for hardware devices.

gemini cryptocurrency trading platform

In terms of supported markets, Gemini supports more than 40 cryptocurrency pairs. You will be charged handsomely to merchandise on the commutation, with commissions starting at one.49% plus a mark-upward of 0.l%. Yet, if you are investing large amounts, this could be a price worth paying because of the institutional-grade security controls offered. Gemini also offers involvement-bearing crypto savings accounts that allow y’all to earn income on your digital currency holdings.


Pros


  • Safe-commencement mindset

  • Regulated by the NYSDFS every bit a trust visitor

  • Institutional-form security features

  • More than twoscore+ crypto avails supported

  • Offers involvement-bearing crypto savings accounts


Cons


  • Trading fees are expensive

  • Onboarding times are slow


Cryptoassets are highly volatile unregulated investment products.

ix. Luno – Best Crypto Broker for Mobile Trading

luno logoLuno is a popular cryptocurrency trading app that is often preferred by those that want to buy and sell digital currencies on their phone. The app – which is compatible with both iOS and Android devices, is free to download. Available in over forty+ countries, Luno offers a simple and safe way to invest in leading cryptocurrencies like Bitcoin, Ethereum. and Ripple.

Since its inception, Luno has facilitated more than $21 billion worth of cryptocurrency buy and sell orders across 8 1000000+ customers. In gild to get started, yous will first need to download the Luno app and then open up an account. Before you can deposit money with your debit/credit card or banking concern account – y’all will need to upload some ID. This is fast and efficient as Luno utilizes a 3rd party that tin verify documents in minutes.

luno trading platform

Not but is Luno great for simplicity, just the app allows you to trade cryptocurrency in a depression-price way. Although fees will ultimately depend on your country of residence, bank transfer deposits are typically fee-free. You will also benefit from a market place taker commission of just 0.ten% per slide – and even less if yous find yourself trading larger volumes. Nosotros also like the Learning Portal that Luno offers, every bit well as its support for crypto savings accounts.


Pros


  • Top-rated crypto trading app (iOS and Android)

  • Low commission of 0.10% per slide

  • Banking concern transfer deposits are normally gratis

  • Dandy reputation – used past over 8 million people since 2013

  • Supports local currencies in a plethora of countries

  • Very easy to utilize


Cons


  • Debit/credit card fees can be expensive

  • No margin trading facilities


Cryptoassets are highly volatile unregulated investment products.

10. Coinmama – Best Cryptocurrency Trading Platform for Long-Term HODLers

If you see yourself as more of a long-term ‘HODLer’ every bit opposed to a speculative day trader, then it might exist worth using Coinmama. This online digital currency provider – which was launched way back in 2013, has since been used by over ii.8 meg people across 188 countries. Coinmama offers a simple way to purchase a cryptocurrency with a debit or credit card.

One time you have quickly uploaded a re-create of your passport or commuter’s license, yous can go along to buy your chosen crypto asset. Crucially, you lot will exist required to enter your wallet address at the fourth dimension of the purchase. This is considering Coinmama will automatically transfer your digital coins to your wallet as presently equally the debit/credit card payment is processed.

coinmama cryptocurrency trading platform

This means that y’all don’t need to worry nigh wallet security at Coinmama, as y’all are in full control of where you store your digital tokens. The overarching drawback with Coinmama is that it is one of the most expensive cryptocurrency exchanges around. For example, debit/credit card fees amount to 5% and a commission of iii.90% will be payable when y’all buy a cryptocurrency. You also demand to cistron in the mark-upwardly that Coinmama charges – which stands at 2% above the market place rate.


Pros


  • Easily buy crypto with a debit or credit card

  • Launched back in 2013 and used past over 2.8 million people

  • Coins are automatically transferred to your wallet upon making a purchase

  • KYC process is fast-tracked

  • Available in most countries


Cons


  • Super-expensive fees

  • No support for e-wallets

  • Limited choice of crypto markets


Cryptoassets are highly volatile unregulated investment products.

Crypto Trading Platforms Fees & Payments Comparing

In the sections in a higher place nosotros have reviewed the very best crypto exchanges for 2021. To epitomize, the tabular array below outlines the main fees and commissions to accept into account when comparison crypto brokers and exchanges.


Platform

Trading Commission

Deposit Fee

Withdrawal Fee

Payment Methods
eToro Spread-Only (From 0.75%) 0% for US Traders, 0.five% Elsewhere $5 Debit/Credit Cards, e-wallets, Depository financial institution Transfer
Upper-case letter.com 0% FREE Gratis Debit/Credit Cards, eastward-wallets, Bank Transfer
Binance 0.x% Up to iv% on Debit/Credit Cards Depends on Payment Method Debit/Credit Cards, Crypto, Bank Transfer
Robinhood 0% FREE FREE Bank Wire and ACH
Coinbase i.49% 3.99% on Debit/Credit Cards 2% on Debit/Credit Cards Debit/Credit Cards, Crypto, Bank Transfer
Libertex Sub 0.1% and Zippo Spreads Gratuitous FREE Debit/Credit Cards, e-wallets, Banking concern Transfer
Kraken From 0.20% FREE Bank Transfers 0.09 EUR on SEPA Debit/Credit Cards, Crypto, Banking concern Transfer
Gemini i.49% + 0.5% iii.49% on Debit/Credit Cards Depends on Payment Method Debit/Credit Cards, Crypto, Bank Transfer
Luno From 0.10% Depends on State 0.xxx EUR on SEPA Debit/Credit Cards, Crypto, Bank Transfer
Coinmama iii.90% + 2% Mark-Upward 5% on Credit Cards Automatic Wallet Transfer Debit/Credit Cards, Bank Transfer

How to Cull the All-time Crypto Trading Platform for You

Still not sure which crypto platform is right for? If so, we are now going to discuss the most of import factors to await out for in your search for the best crypto trading platform.

Regulation

Let’s start with regulation. Equally you might well know, much of the cryptocurrency exchange industry operates without a regulatory license. Ultimately, this means that your capital is at risk.

This is why nosotros suggested sticking with regulated platforms that put the customer at the heart of everything. For case, the likes of eToro, Capital.com, and Libertex are authorized and regulated by several reputable financial bodies.

Robinhood and Coinbase, in particular, are regulated in the US specifically. Past choosing a regulated broker or commutation, the platform will need to keep client funds in segregated bank accounts and perform KYC checks to go along financial crime abroad.

Assets

You practice, of course, too need to bank check whether or not your preferred crypto asset(s) is supported by the platform. If y’all’re looking to go on things simple by purchasing a major digital currency like Bitcoin (BTC) or Ethereum (ETH) – then y’all can do this with all of the best cryptocurrency trading platforms that we have reviewed today.

etoro crypto

With that said, if you’re looking to buy an up-and-coming or trending crypto asset like Dogecoin or the Shiba Inu Money – you might need to do a bit more digging. Similarly, if you’re interested in Defi coins – which many in the industry fence could be the next big thing – you need to make sure the platform supports it before you sign up.

Fees

Nosotros have talked extensively about fees throughout our reviews of the best cryptocurrency exchanges and for good reason. After all, yous’ll want to be able to merchandise in a low-cost mode as opposed to paying unnecessary charges.

The about important fees that y’all need to consider when trading cryptocurrencies are as follows:-

  • Commissions:This fee is payable when you buy and sell cryptocurrencies. In all simply a few rare cases, the commission is expressed every bit a percent and is multiplied against your stake. For instance, Coinbase charges a commission of i.49%. This means that a $400 crypto trade would cost you a committee of $5.96 You volition again need to pay 1.49% when you cash your crypto trade out. Platforms like Capital.com and Robinhood charge no commission at all.
  • Spread:
    Unless you are using a ZERO spread broker similar Libertex, this fee always needs to be taken into account. The spread is only the difference between the buy and sell cost beingness quoted by the platform. At eToro, for case, you will pay a spread of just 0.75% – which is the merely trading fee charged.
  • Deposits and Withdrawals:
    This fee is probably the most important charge to look out for, especially if using a debit or credit card. For example, at Coinbase and Gemini, you will pay a deposit fee of 3.99% and iii.49% respectively. Coinmama is even more expensive at 5%. Over at eToro, you volition pay just 0.5% and naught if you are based in the US.

Yous can refer dorsum to our platform fee comparison table further up in this guide to get an overview of what charges to expect.

Trading Tools & Features

If you’re interested in a certain tool or characteristic – make sure your called platform offers information technology. To give you an idea of what to look for – nosotros plant the post-obit stand up-out features when reviewing the best cryptocurrency trading platforms.

Re-create Trading

The best crypto broker in the market – eToro, offers an innovative feature called Copy Trading. As we briefly explained earlier, this allows you to actively trade cryptocurrencies but in a passive manner.

By performance is non an indication of time to come results

All y’all need to do is select a successful eToro trader to re-create and determine how much yous want to invest ($500). After that, you will copy each and every position that the trader places – but at an corporeality proportionate to what you invested.

For case:

  • You lot invest $4,000 into a proven cryptocurrency trader on eToro
  • The trader allocates 15% of their portfolio into EOS and 10% into Ripple
  • In plough, you invest $600 into EOS (15%) and $400 into Ripple (10%)
  • The trader closes their EOS merchandise at a profit of 40% – so y’all do the aforementioned automatically
  • On your stake of $600 – your 40% EOS profit translates into gains of $240

There are thousands of successful crypto traders to cull from at eToro – so you’re certain to discover one that alligns with your long-term investment goals.

Leverage and Short-Selling

When using a CFD trading site like Upper-case letter.com or Libertex – you volition be able to trade cryptocurrency with leverage. In one case again, this ways that y’all can amplify the size of your position. For example, if you lot place a $300 buy order on BNB/USD at leverage of 1:v – the value of trade will exist increased to $1,500. In other words, your potential profits volition be additional by a cistron of 5x.

Additionally, the aforementioned CFD platforms also allow curt-selling. There is no requirement to infringe cryptocurrency from the banker, every bit it’due south just a case of placing a sell lodge. For example, if yous place a $500 sell order on BTC/USD and the pair drops in value by 10% – your profit volition corporeality to $50.

Crypto Savings Accounts

If you are a long-term crypto investor then it’south worth checking whether your platform offers savings accounts. This allows you to earn interest on your cryptocurrency holdings without needing to cash out. As such, not only will you earn passive income only y’all will still benefit if the digital currency appreciates in value. This feature is offered by the likes of Binance and Luno.

Liquidity

Liquidity is a crucial element to consider when trading cryptocurrencies online. For those unaware, this refers to the amount of coin available in a particular market at a specific price

For example:

  • Let’s say that you wanted to purchase an ERC-20 token at a pale of $2,000
  • At your chosen commutation, yous tin can buy the token at a rate of $5
  • However, you can just buy $500 worth of the token at $five
  • After that, the toll increases to $seven per token

The above example illustrates the issue of choosing a platform that doesn’t have enough liquidity. Crucially, you lot won’t be able to buy or sell your chosen crypto at a favorable price – equally there isn’t enough capital letter on the platform to cover your merchandise. All of the best crypto exchanges discussed today are abode to large levels of liquidity – peculiarly eToro and Binance.

User Experience & Mobile App

In searching for the best crypto platform for you – think about your level of feel. That is to say, if you are trading digital currencies for the first time, it’s crucial to selection a provider that offers a burden-free user experience.

etoro user experience

For example, opening an account and verifying your identity should never have more than a few minutes. It should also exist a breeze to find your preferred market place and subsequently place orders. This ease-of-employ should likewise be the example if using the commutation’s mobile app.


Payment Methods

If y’all don’t have whatsoever crypto assets to hand, you volition need to deposit funds with a fiat currency method. The easiest fashion to get money into your crypto trading account is to use a debit/credit card or eastward-wallet.

eToro, for instance, supports everything from Visa and MasterCard to Paypal and Neteller. At the other end of the spectrum, the likes of Robinhood only support bank wire or ACH deposits.


Customer Service

The best cryptocurrency trading platforms offering top-notch customer support. For example, both eToro and Binance allow yous to speak with a support agent in real-time via alive chat. You so have the likes of Upper-case letter.com – which has one of the best telephone support centers in the brokerage arena. Some platforms just offer email as a support channel – so check this before you sign upward.

How to Go Started with a Crypto Broker

To conclude our guide on the all-time cryptocurrency trading platforms for 2021 – nosotros are at present going to show you how to become started with eToro.

Step 1: Open up a Trading Account

Visit the eToro website and open up an account.

etoro sign up

This should take you lot no more a couple of minutes and will require:

  • Bones Personal Data
  • Contact Details
  • Confirmation of Email and Mobile Number
  • National Tax Number

Step 2: KYC

The KYC process at eToro tin exist completed pretty much instantly. All y’all demand to supply is a valid copy of your regime-issued ID and a proof of accost.

Pace iii: Deposit Funds

Yous tin now deposit funds. US traders must deposit at to the lowest degree $50. Apart from a few exceptions, all other traders must meet a minimum of $200.

Y’all can choose from the post-obit eolith methods on eToro:

  • Bank Transfer
  • Debit Card
  • Credit Carte
  • Paypal
  • Neteller
  • Skrill

United states of america-based traders will benefit from fee-free deposits. All other traders will pay a small eolith fee of 0.5% across all payment types.

Footstep 4: Notice Crypto Market

Yous tin can at present use the search box to notice the cryptocurrency that you wish to merchandise. In our case, we are searching for Ethereum.

Yous can besides view what digital currency pairs are available past clicking on the ‘Trade Markets’ button.

Step 5: Place Crypto Trade

You tin ready an order. First, choose from a buy or sell position – depending on whether you think the toll of the crypto will rise or fall.

Then, enter your stake ($25 minimum) and click on the ‘Open Merchandise’ button to confirm your position.

eToro – Overall Best Cryptocurrency Trading Platform 2021

We have reviewed the 10 all-time cryptocurrency trading platforms currently bachelor in the market. As we have discussed, you need to choose a platform based on your ain financial goals and objectives.

If you’re strapped for time and desire to starting time trading right now – we found that the all-time crypto exchange for 2021 is eToro. Not only is the platform heavily regulated, simply it offers industry-leading fees.

Plus, you volition have access to heaps of crypto markets on a spread-merely basis and you can fix your trading account upwardly in minutes!

etoro logo

67% of retail investors lose money trading CFDs at this site

FAQs

Which is the best crypto exchange?

We found that the best crypto exchanges for 2021 include eToro, Capital.com and Binance.

How do cryptocurrency exchanges piece of work?

The best crypto exchanges work much the same as a traditional stock brokerage site. This is because the exchange is between buyers and sellers. For instance, if you desire to
sell
$500 worth of XRP, the commutation volition match your society with somebody that wishes to
purchase
$500 of XRP.

Which cryptocurrency trading platform has the lowest fees?

Later reviewing dozens of the all-time cryptocurrency brokers, we found that eToro is the best for low fees. You lot can deposit funds with a debit/credit card or e-wallet at a fee of just 0.5% (0% for US traders). Y’all tin can and so trade crypto past only paying the spread – which starts at 0.75% on Bitcoin

Which crypto trading platforms have stop losses?

Stop-loss orders are part and bundle of being able to trade crypto in a chance-balky manner – and then near platforms offer them. This includes the likes of eToro, Capital.com, Binance, Libertex, and many others.

How many crypto exchanges are there?

According to data provided by CoinMarketCap – there are 381 cryptocurrency exchanges at the time of writing on June 9th, 2021.

What crypto exchanges take USD?

US dollar stands as the benchmark currency of the global cryptocurrency manufacture. Every bit such, almost of the best cryptocurrency brokers discussed today allow you to deposit funds in USD.

Which crypto exchanges allow shorting?

If you lot want to engage in shorting, you will desire to choose a crypto platform that supports CFD instruments. The likes of eToro, Libertex, and Uppercase.com all allow you lot to short digital currencies by inbound the market with a sell order.

Source: https://www.forexcrunch.com/cryptocurrency/platforms/

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