You can’t deny it: the trading world is buzzing, and the main reason is cryptocurrencies. Trade them, invest for the long-term or simply buy them because you believe in the real-world use of that certain coin. As more and more people rush to cryptocurrencies, new and old brokers alike are offering Bitcoin and Altcoins to buy or trade.
But just like in the case of other online trading products, not all brokers are the best, so you need to research each one before investing with them. Fortunately, the hard work has been done by us already, so we will help you make the difference between them by bringing you top-notch research, statistics, and unbiased opinions, as always. Check out all our crypto broker reviews below to separate the good ones from the ones That Suck!
Crypto Brokers List 2018
Search For Brokers
If you are a crypto enthusiast, you will want to do more than just read articles about Bitcoin or watch CoinMarketCap for the latest changes. Indeed, you will want to buy and sell cryptocurrency, to trade it in order to make a profit. But whether you want to buy some Bitcoins and let them linger on your hard drive until their price reaches the Moon or you want to actively trade every day, you need a broker that offers cryptocurrencies. That’s a fact!
What’s also a fact is that there are tens maybe hundreds of brokers that offer cryptos, so finding one shouldn’t be a problem. However, finding one that fits all your requirements can prove a bit more difficult.
Learn About The Brokers
Before giving them your hard earned money, you need to learn all you can about the brokerage. Where are they located? Do they actually have a physical address or just a virtual office or a PO Box? More importantly, are they regulated by one of the major regulatory agencies like CySEC (Cyprus), FCA (United Kingdom) or ASIC (Australia)? Or maybe by another, local regulator? These are all things you need to research.
Then there are trading conditions, which are of course a major part of trading. What are the spreads? Are they too high? Because you wouldn’t want to see your trading profits eaten up by spreads or any other trading fees. And of course – withdrawals: how much time does it take, what are the methods, do they allow withdrawals to a crypto-wallet?
Another thing to look at is how many cryptocurrencies they offer. Many crypto brokers also offer Forex and CFDs on stocks, indexes and commodities apart from cryptos, so you need to see how big is the crypto offering if you know this is what you will be trading. If they say they are a crypto broker but only offer Bitcoin, Ethereum and Litecoin, well, that’s not really a crypto-oriented broker.
Everything we talked about so far and more will be compiled into the That Sucks! Score, which ranges between 0 and 10. Keep in mind that traders just like you are able to add their review and that will count towards the overall score.
Choose The Right Broker
Finally, it’s time to choose what brokerage you will be using. Remember that you will trust them with your initial deposit and potential profits. While this is technically your money, it is in the broker’s possession, so it’s needless to say that if you are dealing with a scam brokerage, you will have a very difficult time getting your money out.
Everything from deposits, withdrawals, trading conditions and much more is covered in our unbiased broker reviews. Also, they are constantly updated and we re-visit each relevant brokerage from time to time to see what they’ve changed or how they evolved. Keep it safe and stay away from crypto brokers That Suck!