Best Cryptocurrency Broker

If you’ve spent any time in the crypto industry, you’re probably surprised to see this name pop up here - Coinbase is usually referred to as a cryptocurrency exchange!

Well, that’s the thing - the platform in question is kind of a mix of a high-end exchange, and one of the best cryptocurrency brokers in the industry.

While Coinbase doesn’t really need an introduction, it’s still worth pointing out that the platform has managed to become synonymous with the cryptocurrency market, and crypto trading, as a whole. There are a lot of reasons how that came to be, but probably the most-interesting of them is the fact that Coinbase is very simple to use.

How is this so interesting? Well, as I’ve mentioned earlier, even the best cryptocurrency brokers out there have a reputation for being quite complicated to get into, for a beginner trader. Coinbase is, admittedly, one of the bigger exceptions.

One of the reasons for why that’s the case is due to the fact that Coinbase is somewhat exclusive to cryptocurrency products - you won’t find a huge variety of stocks, or forex available to be traded on the platform. On top of that, Coinbase has streamlined its user interface to a point where, if you’re not looking for advanced features, they won’t bother you, and you’ll be able to take things slow.

Another great feature of the platform in question is that Coinbase does also allow users to earn cryptocurrencies, too! So, in addition to trading and exchanging, you may also utilize one of the platform’s crypto earning features, to maximize your potential gains!

One way to do it is via Coinbase’s Learn-to-Earn program, where you study crypto topics, take a quiz at the end, and earn a reward, if you answer the questions correctly. Another method involves signup bonuses - you can sign up to the platform, start trading, and earn rewards this way!

	COINBASE
Overall Score	9.1
Best For	Buying, selling, and managing cryptocurrencies
Operating Countries	United States, United Kingdom, Germany, Canada, France, + 100 more,
Latest Coupons	GET $200 REWARD All Coinbase Coupons
Verdict	A reliable, well-known and respected cryptocurrency exchange platform.
	Visit site

Table: Some general information about the Coinbase crypto broker

There are multiple other ways of how to earn free crypto on Coinbase, which do, in turn, make it one of the best cryptocurrency brokers out there!

The one thing that you should note, however, is that Coinbase does have some pretty high trading fees, when compared to other platforms of its kind. Bitcoin brokers, in general, tend to have higher fees than exchanges - that being said, depending on your personal situation and preferences, this could impact your potential trading profits by quite a bit.

That aside, though, if you’re looking for the best cryptocurrency broker, Coinbase should definitely be high up on your list. The platform has years of experience and reputation-building under its belt, and the fact that it’s one of the most recognizable names in the crypto industry should already give you a pretty good idea of what the brokerage is all about!

Admiral Markets is a name that’s likely very familiar to anyone who’s dipped their toes in the field of traditional finance - specifically, stocks, forex, and advanced-level trading tools.

However, what you might not have known up until this list of the best cryptocurrency brokers is the fact that Admiral Markets does allow its clients to acquire and trade cryptocurrencies, too!

Well, kind of. To be a bit more specific, AM will allow you to trade CFDs, or contracts for difference.

CFDs aren’t actually crypto assets. Instead, they are special contracts that derive their value from an underlying asset - in this case, that would be a cryptocurrency.

Now, as you could come to expect, CFDs have their own pros and cons. They are beloved by day traders, and people who rely on active trading tactics in order to make their potential profits. On the flip side, if you’re looking to hold crypto long-term, and need the best cryptocurrency broker simply for the sole purpose of purchasing the assets, CFDs won’t really suit those plans.

The whole CFD matter aside, though, there are other notable features that you can expect from Admiral Markets, too. For example, the company prides itself on its fee model - indeed, the fees that you’ve come across with Admiral Markets are definitely on the lower end of the spectrum!

Furthermore, AM also has the factor of reputation, too. No matter where you look, or what you might personally think about this crypto broker, there’s no denying that it’s one of the best-known names in the world of financial asset brokerages! The fact that, these days, you are also able to trade crypto on it is simply an extension of the company’s service pool.

Admiral Market’s features are catered towards day traders, as well - this is something that you’ll likely notice as soon as you start using the site. Notably, you might have already understood this much from the CFD part of the broker’s description - that being said, though, there are other features that complement this fact, as well.

It’s really a strength, as well as a weakness of AM. The latter is simply due to the fact that the broker isn’t going to be beginner-friendly - unlike most other names mentioned on this best cryptocurrency broker list, Admiral Markets doesn’t cater to industry newcomers. If you really want to get the full experience of AM, you’ll need to already have some know-how when it comes to asset trading, and advanced financial concepts.

Lastly, you should also be aware of the fact that, if you’re looking for the best cryptocurrency broker USA, you might not be able to use Admiral Markets. The regulatory policies are extremely confusing, so I’d definitely advise you check it out, for yourself, on their official website - when you’re reading this, things might have changed.

Generally, though, if you’re based in the United States, you won’t be able to trade crypto CFDs on Admiral Markets.

FxPro is one of those names that you wouldn’t really associate with the best cryptocurrency brokers - chances are that many people who’ve heard about this platform wouldn’t associate it with crypto, in general.

That being said, FxPro does, for a fact, allow its clients to participate in crypto acquisition and trading - just not in the form that you’d come to expect with crypto-specific brokers.

You see, FxPro allows users to trade crypto CFDs. It’s not exactly a buying broker or a selling broker, in regards to actual cryptocurrencies, but instead, a platform where you won’t receive the actual crypto that you trade, and will only get a contract for difference.

Now, do note that this isn’t for everyone - CFDs are very specific trading tools, and are usually used by a particular group of finance-savvy individuals (specifically, those who are into day trading, as opposed to long-term investments). This does, naturally, draw a certain line between those who are going to find FxPro to be one of the best cryptocurrency brokers, and others who might search for an alternative platform.

Having said all of that, FxPro still has a lot to offer, to your average investor. The platform hosts a variety of additional, non-crypto-related assets for you to trade. This, in turn, can help you diversify your portfolio, if that’s something that you’re interested in doing.

Furthermore, as you might come to expect, FxPro also has some pretty decent trading fees, as well as a selection of additional, advanced-level features.

From what we’ve already covered in regards to FxPro, it’s rather evident that the platform is aimed at a very specific type of traders - and that’s alright! If you’re someone who doesn’t want to go through the hassle of holding your own, actual cryptocurrencies (which would involve getting yourself a wallet, and learning how all of the crypto transferring processes work), FxPro might be the best cryptocurrency broker for you!

On the other hand, the said broker does, admittedly, possess a learning curve, which can definitely scare some potential clients away. Just something to keep in mind!

If you reside in the United State of America, Robinhood is likely a name that’s very familiar to you. While not being a dedicated Bitcoin or Dogecoin broker per se, Robinhood was, for the longest time, seen as one of the best entryways into the world of investing for your casual, everyday individual.

Even today, the sentiment isn’t exactly much different. While it’s true that Robinhood has had a few bumps in the road, especially when the whole Reddit GME craze was going down, a lot of people still choose this platform for all of their investing wants and needs.

So… What makes Robinhood so special, so that it would deserve to be called one of the best cryptocurrency brokers?

Well, simplicity is where it’s at, with this particular platform. Robinhood has always found pride in the fact that they’re the leading platform in the US, as far as the elimination of barriers for entry-level investors is concerned. The broker allows you to start investing with very small sums of money - something that you won’t find with other, traditional brokers.

Robinhood is also a commission-free crypto broker, as well. Meaning, you won’t need to pay any commission fees on your trades. A very rare, and thus, very appreciated feature!

Having said all of that, though, it’s important to address the elephant in the room, and point out the fact that Robinhood is US-exclusive - if you’re looking for the best cryptocurrency broker USA, this isn’t an issue. However, if you reside elsewhere in the world, well… You’ll need to find other alternatives.

Also, since Robinhood isn't primarily a crypto broker, whatsoever, it doesn’t actually deal in actual crypto assets, either - instead, you purchase and sell crypto-bound contracts. So, if you buy crypto on Robinhood, you won’t be able to then transfer it out of the platform, to a third-party wallet that you might have.

All of these things make Robinhood out to be a somewhat hit-or-miss platform. If none of the mentioned shortcomings seem like dealbreakers to you, then this particular broker might be worth trying out!

If, however, you’d rather hold cryptocurrency of your own, or you’re simply not a US citizen, then you should take a look at the alternative best cryptocurrency brokers mentioned on this list.