Many people believe that cryptocurrencies are the future of finance. When you’re ready to leap into crypto, choosing a broker to trade or invest in cryptocurrencies is one of the most important steps to your success in the crypto market.
Since different brokers have different strengths, you need to figure out what kind of broker best suits your cryptocurrency interests. Some brokers provide a social trading platform where you copy other cryptocurrency traders’ trades in your own account. Others can offer the ability to make transactions in a broader selection of altcoins.
Choosing the best crypto broker depends largely on addressing your needs as an investor or trader. The following list of crypto brokers has been selected for different reasons to meet the needs of differing cryptocurrency trading and investing styles.
- eToro
eToro fundamentally changed the way many people trade and invest with its social trading platform. Social trading involves mirroring another trader or investor’s transactions in a special social trading account. While you make the same amount proportionally as the trader you’re copying, you also take the same percentage of losses the trader takes into their account.
- Pionex
Automated trading is an important service for crypto investors because the market is extremely volatile and you often don’t have time to handle your trades. When you use Pionex, it’s free to sign up and there are 18 customized bots you can try, with each one offering a different strategy.
The trading bot selection includes:
- Grid Trading Bot allows users to buy low and sell high in a specific price range.
- Leveraged Grid Bot provides up to 5x leverage.
- Spot-Futures Arbitrage bot helps retail investors to make passive income with low risk. The estimated return for this strategy is 15~50% APR.
- Martingale bot performs DCA buy, one-time sell to capture fluctuation profit.
- The rebalancing bot helps you to hold the coins.
- Dollar-Cost Averaging (DCA) Bot Sets repeated purchasing at regular intervals to offset the effects of volatility.
Plus, the Smart Trade terminal allows traders to set up stop-loss, take profit, and trail in one trade.
You only pay maker and taker fees of 0.05% when you trade with Pionex, and you can even trade manually if you like. Big traders with accounts exceeding $300,000 can also join the Market Maker program, which drops your maker fees to zero.
Trade on the go with the Pionex app, set up your account to create passive income, or allow the app to build on tokens you plan to hold for many years to come.
- Caleb & Brown
Caleb & Brown aims to bring cryptocurrency to clients who might not understand the market. With personalized service, you get global access to liquidity that makes trading easier and more affordable.
You can trade over 1000 assets, and security for your account is especially enhanced. Only you can access your tokens, and you work directly with a broker who will help you make the best investment decisions.
Because Caleb & Brown is an Australian firm, you also have access to XRP, TFuel, and Theta, where U.S. exchanges do not. Talk to your broker about paying for college, retiring, saving for major purchases, planning vacations, and much more.