Bitcoin is the largest digital currency in the market with a market cap of around $99 billion. In comparison, the next most popular digital currency is Ethereum which is only behind Bitcoin in terms of market cap and value.
The reason why Bitcoin is such a big deal is that it is a virtual currency that is not controlled by any government or bank and it doesn't require any direct transaction or approval from other people in order to be spent. It’s also not subject to inflation because there is no central bank or commercial bank that can print more Bitcoin to be spent.
Because it’s not subject to regulation and counterfeiting, Bitcoin is particularly attractive to users who seek anonymity.
Introduction:
In terms of exchanges, it’s mostly BTC exchanges that offer users access to this type of virtual currency and other exchanges like Binance and BTC-e which do not have an offline vault or distributed ledger.
However, with that being said, there are some companies that offer the ability to trade Bitcoin and other cryptocurrencies. There are bitcoin forex brokers, however, that specialize in exchanging currencies. This type of trading service allows customers to buy and sell the currencies. This gives them access to new currencies that are not regulated by the government.
Comparing the top bitcoin brokers
We have compiled a list of the top cryptocurrency brokerages in the market. We are hoping to give you some alternatives when choosing which one to use. All these brokers allow their users to trade multiple cryptocurrencies without any extra fees, but there are some differences in the trading fees they charge, so make sure to compare them. The main criteria for selecting a broker are, as always, customer service, services, and pricing.
Trading fees vary depending on the broker you choose. You can compare them on our stock exchange for trading fees website. You can get the list of brokers by using our list of the best cryptocurrency forex brokers.
We recommend you visit the website of one of these brokers and watch a live demo of their interface. Watch how the brokers work and feel free to ask any questions you may have about their services.
Best cryptocurrency forex brokers:
The following broker is one of the first to become popular with crypto traders. This broker has a huge database and it can prove its service by publishing some of the biggest trades in the cryptocurrency markets. Some of them have a market cap of over 1 billion dollars.
You can use our service to compare brokerages and find the perfect one for your needs.
SmartFX:
Trading accounts can seem overwhelming at times. The choices are endless, and choosing the right account type requires a lot of consideration. In spite of this,
With SmartFX, we strive to simplify everything for our valued clients by providing them with a single and optimal trading account.
BitForex:
If you're interested in trading cryptocurrencies you'll have to visit the BitForex website. They offer cryptocurrency trading with 24/7 service. They also allow you to trade other cryptocurrencies that are not Bitcoin.
Fees are 0% for the first $100 you transfer to the platform. When you exceed the initial deposit you will have to pay $4.
After that, you will be able to buy and sell all kinds of coins and tokens. Some of them, like Litecoin and Ethereum, are even traded at $3, but this is still a lot cheaper than other brokers.
When you want to buy a digital currency you simply choose the currency you want to buy, or if you're interested in selling a coin or token you choose the trade currency. After you select your trade currency you can get the fee in bitcoin, Ethereum, or Litecoin. The most popular trades are Ethereum (ETH) and Bitcoin (BTC).
CoinTrader:
CoinTrader is a cryptocurrency trading broker that aims to provide the highest level of exchange and trading experience. They offer only professionally made orders that have been reviewed by professional forex traders.
They guarantee fast and secure execution of your orders. If you want to earn more, you can increase your commission with an extra 0.1% and up to 5% of the net margin.
If you are new to trading you can use the site's demo for instant account opening. You can visit a live demo of the website to see all the features and visit the customer service page to get any questions answered.
Kraken:
Kraken is one of the top cryptocurrency brokers in the world. They are the ones that allow you to buy and sell Bitcoin at the fastest rate. They are ranked in the first position in our ranking of the best cryptocurrency brokers.
Their slogan is "the fastest place to buy and sell Bitcoin". With them, you will be able to trade with a high level of stability and convenience.
Before you trade with them you need to activate a new user account, as you will only be able to use the account once you have entered a few details and made a deposit. There are also no commissions or fees when you sell Bitcoin.