We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. Learn more. According to our research, Fidelity Investments, Interactive Brokers, eToro, and Robinhood are the best online brokerage platforms for trading cryptocurrencies in February 2024. We researched 24 online brokers and trading platforms and evaluated them based on several criteria critical to a robust cryptocurrency trading experience, including fees, types of crypto assets offered, number of physical coins available to trade, mobile app experience, trade experience, and additional features. This review promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd.), UK (eToro UK Ltd.), and US (by eToro USA LLC). Cryptocurrency investing is highly volatile, unregulated in some EU countries and the UK, not subject to EU or UK consumer protections, and not supervised by the EU or UK regulatory framework. Investments are subject to market risk, including the loss of principal. Best Online Brokers for Crypto Trading in 2024 Best Online Brokers for Crypto Trading in 2024 The Bottom Line Compare the Best Online Brokers for Trading Crypto What Is a Crypto Broker? How to Get Into Crypto Trading Alternatives to Crypto Brokers How to Store Cryptocurrency Frequently Asked Questions (FAQs) How We Choose the Best Brokers For Crypto Trading Why We Chose It Interactive Brokers is one of the most popular multi-asset online brokerages among active traders because it offers a suite of advanced trading tools and services, combined with low fees for cryptocurrency trades. Interactive Brokers has managed to bring its professional trading dashboard from web to mobile, offering a mobile app for sophisticated traders looking to execute advanced trading strategies in the global crypto asset market. Pros & Cons Pros Offers advanced technical analysis and charting tools Provides customers access to market research reports Comparatively low fees Cons Only supports trading for four cryptocurrencies May be intimidating to beginners Overview Founded in 1977 by Thomas Peterffy, Interactive Brokers is one of the most established online brokerage platforms in the markets. The Greenwich, Connecticut-based brokerage firm provides comprehensive access to the global financial markets, offering a wide range of asset classes for its customers to trade. From stocks, bonds, and commodities to derivatives, mutual funds, and cryptocurrencies, Interactive Brokers covers almost every corner of the investment universe. Interactive Brokers introduced crypto trading in 2021, offering four leading cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), to its customer base. In addition to its wide range of tradable assets, Interactive Brokers stands out for its advanced trading platform, targeting experienced and professional traders. Market research reports, advanced charting tools, a broad suite of technical indicators, and a sophisticated mobile trading dashboard make Interactive Brokers the go-to option for advanced traders looking to trade cryptocurrencies. For more information, read our full Interactive Brokers review. Why We Chose It Robinhood has emerged as one of the most popular trading platforms for retail investors in the U.S. thanks to its beginner-friendly, gamified user experience and its zero-commission fee model, allowing anyone to get started in the financial markets. Robinhood has managed to attract millennial and Gen-Z traders and investors with its simple and easy-to-use mobile trading app, which has helped to lower the barriers to entry for first-time investors. Pros & Cons Pros Simple and easy-to-use trading platform Zero trading fees or commissions Offers cryptocurrency trading and crypto ETFs Cons Limited number of supported cryptocurrencies Crypto trading available in all states, except Hawaii Overview Robinhood was founded by Vlad Tenev and Baiju Bhatt in 2013 to lower the barriers to entry for investors in the United States by offering a very user-friendly trading experience combined with a zero-commission fee model and no deposit minimums. The appealing nature of no trading fees and no account minimums helped Robinhood rise quickly through the ranks in the competitive online brokerage market as an increasing number of younger investors opted for the trading app over traditional online brokerage accounts. Robinhood rolled out crypto trading in 2019, initially only in five states, with seven cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Additional crypto assets were added in the years to follow, enabling Robinhood users across the U.S. to now trade 15 digital currencies and tokens. In 2023, Robinhood launched crypto trading support in the European Union, enabling its European customers to use the beginner-friendly trading app to invest in crypto assets. For more information, read our full Robinhood Review. Why We Chose It Fidelity Investments has been at the forefront of digital asset adoption on Wall Street, which is reflected by its support for crypto and crypto ETF trading on its popular online brokerage platform. Pros & Cons Pros Provides a broad selection of crypto ETFs Offers commission-free Fidelity crypto ETFs Provides educational material Cons Comparatively high trading fees Only supports two cryptocurrencies for spot trading Overview Founded in 1943 and headquartered in Boston, Fidelity is one of the largest financial services companies in the world and offers one of the most popular online brokerage platforms in the U.S. The online brokerage platform offers a wide range of asset classes and investment products, enabling its customers to manage most, if not all, of their investment needs on one platform. Fidelity is also one of the most crypto-friendly companies on Wall Street, having started mining Bitcoin back in 2014 and launching an institutional crypto custody and trading platform called Fidelity Digital Assets in 2018. The full-service broker also provides its customers with the option to add crypto investments to their 401(k) via its Digital Assets Account (DDA). Fidelity stands out among other brokerage platforms that support crypto trading by offering a wide selection of crypto ETFs, from recently launched spot Bitcoin ETFs to a Metaverse ETF and more. For investors primarily interested in digital asset ETFs, Fidelity is the best option. For more information, read our full Fidelity Review. Why We Chose It eToro is a beginner-friendly, multi-asset brokerage and social investing platform that enables you to trade a variety of cryptocurrencies and copy other traders’ trades automatically using the platform’s social trading feature. Pros & Cons Pros Social trading feature enables users to automatically replicate trades of successful traders Offers ready-made Smart Portfolios, making it easier to invest in a basket of crypto assets Cons Relatively high commission plus variable market spreads add to trading fees Only available in 47 states Overview eToro was founded in 2007 in Tel Aviv by brothers Ronen Assia and Yoni Assia, along with David Ring. Starting out as a forex trading platform, eToro introduced its innovative social trading feature in 2010, allowing users to automatically copy the trades of successful traders on the platform. In 2013, eToro added support for stocks and commodity trading and became one of the first online brokers to offer Bitcoin trading. Four years later, in 2017, eToro expanded its cryptocurrency trading offers with the addition of XRP, Litecoin, and a suite of other digital currencies and tokens. In the same year, eToro also launched in the United States and quickly rose to popularity among retail traders and investors thanks to its social investing feature and easy-to-use trading platform. For more information, read our full eToro Crypto Review. Choosing the best broker for crypto trading comes down to your personal preferences and needs as an investor.If you are a beginner looking to dip your toes into crypto for the first time, a beginner-friendly trading app with no fees or minimum, like Robinhood, may be a good place to start. Alternatively, if you’re looking to copy more experienced crypto traders’ trades, eToro’s CopyTrader feature may be appealing to you. More experienced traders looking to execute more advanced trading strategies in the crypto markets will appreciate what Interactive Brokers brings to the table with its selection of technical analysis indicators and charting tools and comparatively low trading fees. Traders who are looking for a broker that offers a social trading experience will find what they need on eToro’s platform.Finally, if you are most interested in investing in crypto ETFs, Fidelity is your best choice as it offers a suite of Bitcoin ETFs for its customers. A crypto broker is an online platform that enables traders and investors to buy and sell cryptocurrencies. Popular examples include Robinhood and eToro. Unlike crypto exchanges, which are typically not regulated, online brokerages offering crypto trading support are generally regulated financial services companies, assuring investors that their funds are safe and that their investments are compliant with existing regulations. Additionally, online crypto brokers are typically easier to use than crypto exchanges, which typically come with a high learning curve for first-time users. Starting with crypto trading using an online crypto broker involves only a few steps. Let’s take a look at them. Now, let’s take a look at the benefits and drawbacks of trading crypto using an online crypto broker. Crypto brokers provide an easily accessible and familiar avenue for trading cryptocurrencies. However, they may not be for everyone. Alternatively, you could also trade cryptocurrencies on centralized or decentralized crypto exchanges. As a cryptocurrency trader or investor, you have the choice between storing your cryptocurrency investments on an online trading platform or in a personal crypto wallet. While the convenience of holding your crypto assets on an exchange or with an online broker may be appealing, storing your digital assets in a crypto wallet to which only you have access is widely considered the more secure option. When it comes to crypto wallets, you have the choice between software and hardware wallets. Software wallets are applications you can download on your smartphone or computer to store your assets, while hardware wallets are physical devices used to store the private keys that provide you access to your crypto holdings. The right crypto storage solutions will depend on your personal preferences and level of technical expertise, but holding your digital asset investment offline in a hardware wallet is arguably the safest option for most crypto traders and investors. Crypto trading refers to actively buying and selling cryptocurrencies to generate regular trading profits. Unlike crypto investing, which involves buying and holding digital assets for the longer term, crypto trading focuses on short-term profits and typically involves following market trends and the use of technical analysis indicators to determine entry and exit price levels. Cryptocurrency trading takes place on dedicated crypto exchanges or online brokerage platforms and can be done via the spot or crypto derivatives markets. When it comes to trading cryptocurrency, you have the choice between using a broker or a crypto exchange. If you already have an account with an online broker that supports crypto asset trading, it’s probably easiest to also use it to trade digital currencies and tokens. The familiarity, convenience, and ease of use speak for using a broker to trade crypto. Moreover, brokers are regulated financial services companies that provide a high level of security and regulatory compliance. Crypto exchanges are typically less regulated and come with higher security risks, as they are popular targets for hackers looking to steal cryptocurrency. Moreover, they are typically a bit more difficult to use than popular online brokers, such as Robinhood and eToro. Having said that, crypto exchanges usually also provide additional investment options, such as staking and interest-bearing accounts, allowing crypto traders and investors to earn yield on their crypto assets. Crypto trading can be profitable if you have an in-depth understanding of what drives price movements in the crypto market and are able to apply technical analysis in an effective manner. Deploying adequate risk management strategies is also an essential piece of the puzzle to limit downside risk in this highly volatile market. It’s important to note that while the elevated volatility of cryptocurrencies can create a potentially lucrative environment for traders, it can also lead to steep trading losses for unskilled traders, especially when leverage is being used. Spot trading in crypto refers to buying and selling actual cryptocurrency with immediate delivery as opposed to trading crypto derivatives, such as perpetual swaps, which enable you to speculate on the price of the underlying asset without actually owning it. Cryptocurrency traders aim to profit from price fluctuations, leveraging market analysis and trading strategies. However, cryptocurrency trading carries risks of extreme volatility, regulatory uncertainty, and security vulnerabilities. To help our readers find the best platform to meet their needs, we researched 24 online brokers and evaluated them based on a number of criteria critical to cryptocurrency trading, including fees, available crypto assets, trading and research tools, plus additional features. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Interactive Brokers. "Trade Crypto for Less Coin." Interactive Brokers. "IBKR Is the Professional's Gateway to the World's Markets." Interactive Brokers. "IBKR Mobile." Robinhood. "Standard Pricing and Fee Schedule." Robinhood. "Tradable Crypto." Reuters. "Robinhood Expands Crypto Trading to More-Regulated European Union." Fidelity. "Placing a Trade." Fidelity. "Trade Crypto." Fidelity. "Digital Asset Accounts." Fidelity. "Ways Into Crypto." eToro. "What's the Deposit Minimum?." eToro. "Cryptocurrency Coins." eToro. "Our Story."Best Online Brokers for Crypto Trading in 2024
Best for Active Traders and Best Mobile App for Advanced Traders : Interactive Brokers
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Best for Active Traders
Best Mobile App for Advanced Traders
Best for Ease of Trading and Best Mobile App for Beginners : Robinhood
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Best for Ease of Trade
Best Mobile App for Beginners
Best for ETFs : Fidelity Investments
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Best for Social Investing : eToro
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Best for Social Investing
The Bottom Line
Compare the Best Online Brokers for Trading Crypto
Company Fees Account Minimum Currencies New Spot Bitcoin ETFs Fidelity Investments 1% $1 2 Yes Interactive Brokers 0.12% to 0.18% $0 4 Yes eToro 1% + variable spread $10 80+ Yes Robinhood 0% $0 15 Yes What Is a Crypto Broker?
How to Get Into Crypto Trading
Pros & Cons of Crypto Brokers
Pros
Cons
Alternatives to Crypto Brokers
How to Store Cryptocurrency
Frequently Asked Questions
What Is Crypto Trading?
Should You Use a Broker for Crypto?
Is Crypto Trading Profitable?
What Is Spot Trading in Crypto?
How We Choose the Best Brokers For Crypto Trading
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eToro Crypto Review 2024 Best Crypto Exchanges and Apps of February 2024 Best Online Brokers and Trading Platforms of February 2024 Best Online Brokers for Beginners of 2024 Best Crypto Software Wallets Coinbase Review
FAQs
Which crypto will boom in 2024? ›
Top 10 Cryptos in 2024
| Coin | Market Capitalization | Current Price |
|---|---|---|
| Ripple (XRP) | $28.4 Billion | $0.5131 |
| Dogecoin (DOGE) | $23.8 Billion | $0.1653 |
| Tron (TRX) | $10.1 Billion | $0.1152 |
| Polkadot (DOT) | $10.2 Billion | $7.12 |
4 days ago
Building Wealth with Cryptocurrency in 2024
Today, buying crypto is as easy as buying stocks, mutual funds, or ETFs. You can probably already buy crypto ETFs in your existing brokerage account. If you want to buy physical crypto, you can use a cryptocurrency exchange.
According to our research, eToro is the best online brokerage platform for trading cryptocurrencies in 2024 due to its industry-leading selection of tradable coins, easy to use platform, popular social trading capabilities, and more.
What is the best broker to trade crypto pairs? ›Best Crypto Exchanges and Apps of April 2024
- Best for Low Fees and Best for Experienced Traders: Kraken.
- Best for Beginners: Coinbase.
- Best Mobile App: Crypto.com.
- Best For Security: Gemini.
- Best for Altcoins: BitMart.
- Best for Bitcoin: Cash App.
- Best Decentralized Exchange: Bisq.
Zilliqa, with the ticker ZIL, is another cryptocurrency that's seen as a potential candidate to reach the $1 threshold. It's a blockchain platform that stands out for its ability to handle a high volume of transactions quickly, thanks to its use of sharding technology.
What is the most promising altcoin in 2024? ›Akash Network (AKT-USD): Akash is among the early movers in decentralized cloud computing, with a low-cost offering being a key differentiator. Zilliqa (ZIL-USD): Zilliqa is the world's first blockchain that uses the concept of sharding which translates into higher transaction speeds.
Should you use a broker for crypto? ›Whether you choose a crypto broker or exchange really just depends on how experienced you are in trading, what types of trades you plan to do, and how much risk you're willing to take on. Generally, crypto exchanges are more suitable for experienced traders, while brokers are a smarter choice for beginners.
How do I know if a crypto broker is legit? ›To see if a site is registered, visit fincen.gov/msb- registrant-search. Registration alone won't protect you from fraud, but most scams involve unregistered entities, people, and products. 3. No physical address, it's clearly fake, or offshore.
Is Kraken better than Coinbase? ›Coinbase processes withdrawal requests faster, but Kraken is better for cryptocurrency-to-cash transactions and has lower costs, as Coinbase charges a 1% fee on crypto-to-cash transactions plus usual blockchain network fees.
Can you trade crypto on Charles Schwab? ›Can I buy and sell individual cryptocurrencies directly in my Schwab account? Though you can get exposure to cryptocurrencies in multiple ways at Schwab—trusts, futures, ETFs, and individual equities—you cannot currently buy or sell individual cryptocurrencies directly in a Schwab account.
How do I choose a crypto trading pair? ›
How to choose the right crypto trading pair, and factors to consider: Liquidity: The liquidity of a trading pair refers to how easily you can buy and sell it. More liquid trading pairs have higher trading volume and lower fees. Volatility: The volatility of a trading pair refers to how much its price fluctuates.
How do I find the best crypto to trade? ›How to Choose a Crypto for Day Trading
- Traders should look for coins with high liquidity. ...
- Traders should look for coins with high volatility. ...
- Traders should research a crypto asset's fundamental and technical aspects before deciding to trade it.
Oct 6, 2023
Based on our analysis, Bitcoin's price could fall to a low of $38,000 or reach a high of $85,000 by the end of 2024. By the end of 2025, we expect BTC to have hit a new all-time high (ATH) around $102,000, then drop close to $65,000 by the end of the year—which will become positive support for the crypto's price.
Which crypto will boom in 2026? ›Here are three cryptos with tenfold growth potential by 2026. Ethereum (ETH-USD): Approval of spot ETFs has this crypto rallying hard right now. Bitcoin (BTC-USD): An upcoming halving event could push the largest crypto to new all-time highs.
Will crypto grow in 2025? ›Looking ahead to the 2024-2025 bull run, we can expect significant growth in the crypto market cap, potentially reaching $9T. Bitcoin is expected to lead the charge, with the halving triggering a new bull run and a spot ETF approval likely before the event.
What is the prediction for January 2024 for crypto? ›ETH is projected to reach $3,000 by the end of January 2024, fueled by the growing popularity of DeFi applications and the upcoming Ethereum 2.0 upgrade. The upgrade is expected to enhance the scalability and security of the Ethereum network, further solidifying its position as a leading blockchain platform.