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Best Bitcoin Trading Brokers

Cryptocurrencies are online-based payment assets that make use of cryptography to secure transactions. They are not reliant on or issued by a central authority and are almost impossible to counterfeit. These features make cryptocurrencies impervious to government interventions. Blockchain technology is an integral part of cryptocurrencies, ensuring the legitimacy of each transaction.

Nowadays, there are thousands of cryptocurrencies in the marketplace, as the first ever blockchain-based virtual currency was Bitcoin (BTC). As a form of decentralized payment, it eliminates the need for third-party involvement in financial transactions.

How It All Started?

Launched in 2009 by an anonymous developer or a group of developers, going by the name of Satoshi Nakamoto, Bitcoin has gone through surges and collapses in value over the years. As of November 2021, Bitcoin reached its peak value of $69,000, and as a result, a lot of people are interested in the cryptocurrency for investment purposes rather than as a payment tool.

How to Trade Bitcoin (BTC)?

Cryptocurrencies are denominated into cryptocurrency tokens or coins, which could be bought, sought, traded or converted on Bitcoin exchanges. Traders could also participate in the market by using Contracts for differences (CFDs) and speculate on Bitcoin’s price fluctuations. Alternatively, Bitcoin could be generated by mining.

What Are Bitcoin’s Pros and Cons?

Cryptocurrencies have been highly acclaimed for their numerous benefits. Cryptocurrency transactions can be completed in a matter of minutes, the costs are lower compared to other payment methods, and they are easily accessible. Other than that, they feature a high level of security and transparency and ensure personal and financial privacy.

All these benefits, combined with the potential for diversification and protection against inflation, make cryptocurrencies, particularly Bitcoin, a much sought-after trading vehicle.

Along with the reasons for praise, Cryptocurrencies have been reprimanded for a number of flaws, including their use for illicit activities, their volatility, as well as the instability of their fundamental infrastructure.

What Is the Aim of the Current Publication?

The current publication covers the topics on the way BTC trading functions, the related commissions, fees, and spreads, as well as a listing of top-rated BTC Trading Brokers.

How BTC Trading Works for Traders and Brokers

BTC TradingA beginner in BTC trading may be wondering where to start. In the lines below, we are going to cover the basics of BTC trading, as well as some fundamental terms to be aware of. To start, traders should distinguish between Bitcoin trading and investing. The latter entails purchasing cryptocurrency and holding it, over a longer term, hoping its value will appreciate. Trading involves buying the digital currency low and selling it high, thus targetting short-term profits.

How BTC Trading Works for Traders

TradersIn this section, we are going to outline some major steps that novice traders should take to start successfully trading Bitcoin.

A Step-by-Step Guide for Traders
  1. To start trading Bitcoin, traders should create an account at a BTC Trading Broker. We have compiled a list of 10 top-ranking BTC Trading Platforms, which can be reviewed in the following section of this article.
  2. The second step along the way involves identity verification of the newly-created account. To accomplish this, users should upload a clear photo of their ID card or driving license. The Know Your Customer (KYC) procedures may also involve the provision of proof of residence and proof of income.
  3. What traders are supposed to do next is deposit funds into their trading accounts. The different trading brokers offer various payment methods, which may include card deposits, bank transfers, or e-wallets, for example. Credit card transactions are immediately conducted and the Bitcoin purchase will be instantly reflected in the Bitcoin wallet.
  4. Before buying their first Bitcoin, traders should set up a wallet to store them. Bitcoin wallets are programs that enable traders to buy and sell the virtual assets. They work by generating Bitcoin addresses. While small amounts of Bitcoin require software wallets, larger amounts necessitate hardware wallets.

    Trading in crypto CFDs does not require holding the assets in a crypto wallet.

  5. And last but not least, users start their trading journey by buying cryptocurrency, or Bitcoin in our case. The popularity of Bitcoin is largely due to its volatility. In other words, if traders can anticipate the market fluctuations, they can profit from the online-based currency.

How BTC Trading Works for Brokers

BrokersBitcoin brokers provide a safe medium to buy and sell cryptocurrencies online. They facilitate the process of buying and selling Bitcoin by offering it at a predetermined price. To understand how trading works for brokers and how they generate profits, we should clarify a couple of notions.


First of all, traders should be familiar with the concept of market making. Essentially, it involves providing liquidity to buyers and sellers in a financial market at the same time. Liquidity can be defined as the extent to which an asset can be bought and sold without impacting its market price. In other words, market liquidity allows buyers and sellers to easily trade an asset.


Markets featuring low liquidity will commonly have wide bid-ask spreads, whereas high-liquidity markets are characterized by tight bid-ask spreads. While tight spreads suggest that there is a consensus between buyers and sellers, wide spreads suggest a difference in opinion. In other words, bid-ask spreads can be defined as the measure of market liquidity. This is the difference between the highest price a buyer is willing to pay and the lowest price a seller is ready to accept.


Traders should be wary about the fees and commissions that the respective BTC trading platform charges. Some zero-commission operators generate profits through spreads. There are also some additional account maintenance fees, which should be checked in advance.

Top 10 Bitcoin Trading Brokers

choosing a brokerWe have compiled a list of 10 best-in-class BTC Trading Brokers, providing traders with a sufficiently diverse range of platforms to choose and profit from. In the short reviews below, we have covered some fundamental parameters to be considered when picking a BTC Trading Broker. We have also provided the relevant information regarding each trading platform’s minimum deposit requirements, fees, commissions, and spreads, along with other useful information.

Related Topics


1. Which is the most popular cryptocurrency among traders?

Bitcoin, considered the original crypto, is still the most widely spread cryptocurrency. The variations in its price influence the rest of the crypto market.

2. How do I purchase Bitcoin?

There are a number of ways to own Bitcoin, as the easiest and most inexpensive is by signing up for a BTC Trading Broker. Once users establish an account with a broker of their choice, they should transfer funds by choosing a convenient payment method. Next, they are supposed to decide on the amount of money they are willing to invest. Additionally, traders should think of a suitable e-wallet to safely store their digital assets.

3. What are the main benefits of trading BTC?

Choosing to join a BTC trading broker involves many benefits, including the low costs of trading, the security and anonymity typical for cryptocurrency transactions, as well as the decentralized character of the virtual assets.

4. What determines Bitcoin’s price?

Bitcoin’s price is not determined by a single institution such as a central bank. It is impacted by the supply and demand on the market, or, in other words, the price traders are willing to pay for it.

5. Are taxes payable on buying and selling Bitcoin?

In almost all countries, traders are supposed to pay taxes on the trade of most commodities. Although existent, the regulatory framework for the taxation of cryptocurrencies varies across different countries and should be individually checked.