Best Crypto Brokers 2022
Cryptocurrencies such as Bitcoin or Ethereum have long been established and are therefore offered by many brokers. CFD trading with cryptos is particularly popular.
The strong price fluctuations and the leverage can result in enormous profit opportunities. One should not forget, however, if the course is in the wrong direction
developed direction, very high losses are to be expected. There are CFD professionals who also consciously calculate a total loss. The offers of the brokers differ
however, and there are certain criteria to look out for. No special software is required to trade cryptocurrencies. These can, like
Forex or stocks traded with the Metatrader or broker's respective trading platform.
CFDs are complex instruments and come with a high risk of losing money quickly because of leverage. Between 74% and 89% of retail investor accounts
lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk losing your money.
The best Crypto Brokers
Many brokers allow cryptocurrencies to be traded 24/7. This has advantages, but you should think carefully about how to set your stop/loss and take/profit
sets in as the price can change significantly overnight. There are now many cryptocurrencies that can be traded, but the price of most currencies
is based on the price of bitcoin. Parallel courses can often be observed. The broker specialized in CFDs
Plus500 offers, among other things, the crypto 10 index for trading. Here the most important cryptocurrencies became an index
summarized. If you want to get more involved with trading cryptocurrencies or want to deepen your knowledge, we recommend a demo account in advance
to open. All brokers on our list include a demo account. An important aspect, as with all instruments, is of course the spread. This
can be quite different and should be compared. Especially as a newcomer to the CFD and crypto market, you also need good support.
A comparison is also worthwhile here !
Which broker for cryptocurrencies ?
Cryptocurrency trading is becoming increasingly popular. More and more brokers are therefore offering cryptos. Here, too, the fees and services of the individual brokers can differ
and a comparison is recommended. There are now several thousand different cryptocurrencies and the number is growing every day. Bitcoin is by far the most popular cryptocurrency and will continue to be
most traded. Ethereum is the second most popular cryptocurrency, followed by Ripple in third place. Bitcoin, Ethereum or Ripple are in the programs of many forex brokers. Would you like to go with me?
trading in a few well-known cryptocurrency, you should find out beforehand whether the broker offers it. There are also brokers that specialize in trading cryptos. crypto broker
have about 20-30 cryptos on offer. Cryptocurrencies are generally traded in the form of CFDs. This means you don't have to own any coins and no wallet is required. By purchasing CFDs
you only bet on the price development of a currency. There are even brokers where you can deposit directly with the wallet. Anonymous account management is also possible. With these brokers
However, one should pay attention to where these are regulated. An anonymous account is not permitted within the EU and brokers who allow an anonymous account are based outside the EU,
where regulation is not as strict. We recommend brokers that are regulated in the EU. This definitely speaks for the seriousness of the broker. Customer funds are secured by
because they are kept separate. Since cryptocurrencies are traded as CFDs, no special trading platform is required. You can use the proven Metatrader or you use
a special software provided by some brokers. The leverage should also be adjustable. Since cryptos are often exposed to strong price fluctuations, you should
start with low leverage. You should also pay attention to the minimum deposit. This is usually not high and with many brokers it starts from €100. Good crypto brokers also feature
has excellent support available 24/7. A feature of a good broker is also the provision of training material in the form of webinars or
videos. Cryptocurrencies are traded around the clock - even on weekends. There is no trading pause on weekends, as is usual with other Forex instruments. Be careful when choosing
of a crypto broker that you can trade continuously. Some crypto brokers stop trading at the weekend. Test the broker in advance with a demo account when trading crypto.
Risk in trading cryptocurrencies
When trading cryptos, there is always a high risk. This risk is a combination of 2 factors. Cryptos are traded in the form of CFDs, whereby the high leverage effect of CFDs is already a risk
represents. Even a small price change has a strong impact on profit or loss. Cryptocurrencies also have a lot more volatility than many other instruments. at
relevant reports, the price can quickly change by 10% or more. The high leverage and high volatility are also the reason why cryptos are very popular with speculative investors.
Enormous profits are possible in a short time. The risk, however, is that you can also lose a lot quickly. If you want to start or start trading cryptos, we recommend small positions first
to trade to familiarize yourself with crypto trading. We, too, had to make the experience several times that the dreaded margin call (total loss) was triggered when the price fell into a
developed in an unexpected direction. You should also work with stop/loss in order not to lose too much in the event of larger fluctuations. However, the stop/loss should not be set too tight. At bitcoin
we have had the experience that this breaks out in one direction for a short time, after which a counter-movement occurs which is quite a bit larger than the previous breakout. Is that stop/loss now
set relatively tight, the order is closed even though the price would actually have developed in the expected direction. At the moment, however, it looks like cryptocurrencies are becoming more and more popular
and that the price will definitely rise in the long run. For example, some consider Bitcoin to be worth $100,000 and even more. You just have to factor in that course though
can drop significantly for a short time. We also have a Forex account where Bitcoin is traded. So far, I've made the most profit by waiting for a short-term dip
came and then placed a buy order. In short, you can make very high profits with crypto trading, but there is also the risk of losing a lot very quickly. This one should
always consider and therefore also use money that you do not urgently need and in the worst case calculate a total loss.
Crypto trading fees
As with many other instruments, a broker uses the spread (difference between purchase price and sale price) to make a profit in crypto trading. The spreads can vary at different
Brokers differ and a comparison is recommended. With Bitcoin, the spread is often a bit more moderate than with other cryptocurrencies. There should also be no fees for deposits or withdrawals.
Some brokers also have an inactivity fee. Fees are charged here if a certain period of time has not been traded. The period is between 3 and 12 months. Make sure no
inactivity fee will be charged. As with many other forex brokers, there should be no further fees apart from the spread.
Advantages of Crypto Trading
>> Forex Broker Comparison
- High profits in a short time
- Use of Leverage
- Low minimum deposit
- No special trading platform required
- Many payment options
- Prices do not depend on inflation