The best 4 crypto trading accounts in comparison

Cryptocurrency, without a doubt, is one of the most traded assets in the market. A lot of people sing their praises to this asset class mainly because they managed to earn a fortune by investing in cryptocurrency.

If you want to be a part of that community, then here is a list of the best 4 cryptocurrency trading accounts.

The list of the 4 best cryptocurrency trading accounts includes:

Broker:
Review:
Crypto available:
Spreads:
Assets:
Advantages:
account:
1. Capital.com
Capital.com logo
Yes
Starting 0.5 pips
3,500+
+ Multi-regulated broker
+ Free demo account
+ Low spreads and no commissions
+Professional trading platform and mobile app
+ Personal support
+ Huge variety of educational material
Live account from $20(Risk warning: 79% of retail CFD accounts lose money)
2. Libertex
Libertex-logo
Yes
Starting 0.0 Pips
250+
+ The minimum deposit is € 100
+ Multifunctional and user-friendly platform
+ Over five different languages customer support
+ Professional support
+ Popular trading platform
Live account from $100(Risk warning: 70.8% of retail investor accounts lose money when trading CFDs with this provider.)
3. Binance
Binance-logo
Yes
Starting 0.0 pips
500+
+ High security
+ Beginner-friendly
+ Fast support
+ Fiat to crypto and backward
+ Easy to create an account
Live account from $0(Risk warning: Your capital can be at risk)
4. Bitfinex
Logo Bitfinex
Yes
Starting 0.0 pips
250+
+ High security
+ High liquidity
+ Professional trading platform
+ 24/7 support
+ Lending/ borrowing
Live account from $0(Risk warning: Your capital can be at risk)
The best 5 cryptocurrency trading accounts in comparison

See the list of the 4 best cryptocurrency trading accounts:

  1. Capital.com – Multi-regulated broker
  2. Libertex – Multifunctional and user-friendly platform
  3. Binance – Easy to create an account
  4. Bitfinex – Derivates and margin trading

1. Capital.com – Multi-regulated broker

The official website of Capital.com
The official website of Capital.com

Despite being around for only five years, Capital.com has already gained more than 1 million clients from 50 countries. This broker is permitted to operate in London, Belarus, and Cyprus. It is regulated by the European Security and Markets Authority, the Financial Conduct Authority, and the Cyprus Securities and Exchange Commission.

With 29 cryptocurrencies that can be traded against each other, it is no surprise that Capital.com is known as one of the best brokers for cryptocurrency trading. Some of the available cryptos are Bitcoin, Ripple, Ethereum, and Stellar.

Capital.com uses the famous MetaTrader 4 as its trading platform. It has a simple interface that can easily be used by beginners or newbie traders. With all the trading tools, fast execution times, and trading signals, the MT4 platform offers everything a trader needs.

This trading platform is available for Windows and Mac desktops. Its mobile version can be downloaded from the Google Play Store and Apple App Store. A web terminal is also available for traders who prefer not to download the software. It is free to use and can be accessed via any web browser.

When opening an account with Capital.com, you will be asked to input your email address and password. You can also sign up by linking your Facebook, Google, or Apple ID. You can choose between any of the four account types, Standard, Plus, Premier, and Invest. 

Once you successfully complete the form or link the any of the mentioned accounts, you will also be able to use Capital.com’s free demo account offering. To further broaden your knowledge, you can take advantage of the webinars and other educational material found on the “learn to trade” tab. There’s a glossary, a trading strategies guide, and even a cryptocurrency trading guide. 

Capital.com logo

As soon as you are ready to start trading, you will need to deposit a minimum amount of $20, €20, or £20. However, this may increase depending on which account type you choose. The payment methods supported by Capital.com are Giropay, iDeal, POLi, Neteller, Sofort, Webmoney, Trustly, Visa, MasterCard, and wire transfer.

Capital.com’s support center features a video guide on how to use the trading platform. You can also contact a customer support representative seven days a week, 16 hours a day, via the live chat window on the website. They are also available on Facebook, Twitter, Instagram, and LinkedIn.

The website supports 29 languages, including German, Spanish, Italian, Polish, Vietnamese, Czech, Swedish, and many more. It also features an FAQ tab where you can find all the information you need regarding Capital.com and all its services.

This broker only accepts traders from a few countries. These countries include the United Kingdom, United Arab Emirates, Thailand, Switzerland, Sweden, Spain, Slovakia, Sierra Leone, Qatar, Portugal, Philippines, Pakistan, Norway, Netherlands, Oman, Monaco, Mexico, Mali, Lithuania, Liechtenstein, Latvia, Kuwait, Italy, Ireland, Indonesia, Iceland, Hungary, Greece, Gibraltar, Germany, Georgia, Finland, Estonia, Czech Republic, Cyprus, Croatia, Chile, Bulgaria, Armenia, Bahrain, Austria, and Argentina.

Benefits of Capital.com

  • Regulated by CySEC, FCA, and ESMA.
  • Free demo account
  • The Capital.com minimum deposit starts at $20, €20, or £20
  • 29 cryptocurrencies
  • MT4 platform
  • Spreads as low as 0.5% depending on crypto
  • No commission
  • 16/7 live chat support
  • Trading guides, webinars, and more educational materials

(Risk warning: 79% of retail CFD accounts lose money)

2. Libertex – Multifunctional and user-friendly platform

The official website of Libertex
The official website of Libertex

Established in 1997, Libertex is the most experienced broker on this top 5 list. With over 20 years of experience, it now has more than 2.9 million clients from 11 countries. It has also won multiple industry awards, including Best Trading Platform in 2020. 

Libertex ensures its clients that it is a trustworthy and reputable broker. It is regulated and adheres to the strict rules implemented by CySEC or the Cyprus Securities and Exchange Commission. You can even check out a list of essential documents like risk disclosure, company information, and privacy policy.

As previously mentioned, Libertex has won awards for its innovative trading platform. On its platform, you can trade more than 50 cryptocurrencies, including some popular coins like Bitcoin, Ethereum, Litecoin, and Zcash. 

Using Libertex’s proprietary trading platform, you can accurately execute your trades using multiple tools offered by this broker. However, the MT4 and MT5 trading platforms are also available if you are more accustomed to those. These platforms are available on both desktop and mobile devices and can also be accessed using any web browser.

Libertex logo

To sign up and start trading with Libertex, you will only need your email and password. Once you send in the account registration form, you will be given access to both a demo and a live account. With Libertex demo account, you will be given €50,000 in virtual funds. These funds can then be used to test the platform or practice trading cryptocurrencies. This is free and can be accessed on both desktop and mobile devices

As soon as you want to start trading on your live account, you can easily switch out of the demo account with a click of a button. However, you will need to deposit €100 to be able to start investing in the cryptos available. 

When adding funds to your account, you can use your credit or debit card, PayPal. Sofort, iDEAL, International bank wire, GiroPay, Skrill, Trustly, MultiBanco, Rapid Transfer, and Neteller. The processing time is instant, but when using International bank wire, it may take three to five days.

If you wish to make a withdrawal, you can use PayPal, your credit or debit card, International bank wire, Skrill, and Neteller. It’s important to note that Neteller has a 1% withdrawal fee. When using your credit card, you will be charged €1. As for International bank wire transfers, the minimum fee is €2 while the maximum is €10. Process time usually takes one to five days.

If you experience any problems, you can send them an email so they can help you with your concern. It usually takes one business day for them to respond, however. If your concern is time-sensitive, you can send them a message on their Facebook or Twitter accounts.

Benefits of Libertex:

  • Regulated by CySEC
  • The Libertex demo account comes with €50,000 in virtual funds
  • The minimum deposit is €100
  • 50+ cryptocurrencies
  • Has its own platform but supports MT4 and MT5 as well
  • Zero spreads
  • Commissions are between 0.47% to 2.5%
  • Email and chat support
  • Free webinars

(Risk warning: 70.8% of retail investor accounts lose money when trading CFDs with this provider.)

3. Binance – Easy to create an account

The official website of Binance
The official website of Binance

Binance is the leading cryptocurrency exchange platform. With over 300 coins to trade, Binance offers diversity and a lot of ways to trade cryptocurrency. Its average daily trading volume is 2 billion, with more than 1,500,000 transactions each second.

Binance operates in Uganda, Nigeria, the United Kingdom, and the United States. It is regulated by the Financial Conduct Authority to ensure it would be clients that this broker can be trusted.

As mentioned above, there are over 300 crypto coins available on this broker’s platform. Coins such as Bitcoin, Dogecoin, Ethereum, Litecoin, Ripple, Stellar, and many more. Binance even has its own cryptocurrency, known as BNB or Binance Coin.

The assets can be traded on its proprietary trading platform. The platform can either be downloaded or accessed through your web browser. Since this broker specializes in crypto trading, it contains all the tools and features that you will need to trade this particular asset class with ease. 

Binance-logo

The platform can also be customized to your liking. Options like “night mode” or “light mode” exists so you can adjust how the platform looks. Additionally, it has a built-in live chat feature so you can get in touch with a customer support representative if you encounter any problem on the platform.

There are two ways to open a Binance account. You can either use your email or mobile phone. Although Binance does not offer a demo account on its platform, they have a test-net platform that functions as a demo account.

To use the demo account, type in testnet.binance.org on your browser, and you will be redirected to the demo platform. You will need to create a new wallet so you can practice trading on this platform with virtual funds provided by Binance.

Once you have gotten used to the platform with the demo account, you can start trading on Binance’s live trading platform. There is no minimum deposit account, so you can invest as little as you want. The payment methods supported are Bitcoin Payments, Googe Pay, credit card, MasterCard, PayID, Samsung Pay, wire transfer, Visa, and Vietcombank Transfer.

Multiple currencies are supported by its trading platform, including AUD, CHF, CZK, GBP, BRL, MXN, PHP, and many more. The platform also supports 40 languages. Some of the languages included are English, Polish, and Filipino. Russian, Spanish, and Portuguese.

Its customer support service is available 24/7. You can reach them via the support center or phone number. You also have the option to send them a message on their Twitter or Telegram accounts. They often publish articles and helpful documents on these platforms as well.

Benefits of Binance:

  • Regulated by the FCA
  • Free access to testnet
  • No minimum deposit required
  • 300+ cryptocurrencies
  • Has its own innovative trading platform
  • Spreads start at 0.01%, depending on your account tier
  • Commissions only exist if you use leverage, margin or if you borrow funds
  • 24/7 chat support
  • offers API for automated trading

(Risk warning: Your capital can be at risk)

4. Bitfinex – Derivates and margin trading

The official website of Bitfinex
The official website of Bitfinex

Bitfinex was created in 2012 in the British Virgin Islands. To date, it is based in Hong Kong but operates in the United Kingdom, Europe, Japan, and many more countries. Back in 2020, the company’s net worth reached more than $800 million, and this year, its customer count increased by 300%.

The problem with Bitfinex is that it’s not regulated. But it ensures that your funds are safe with multiple layers of security like two-factor authentication, an SSL certificate, and many more.

Bitfinex offers more than 100 cryptocurrencies to trade, including Bitcoin, Litecoin, Dogecoin, Ethereum, Tether, IOTA, Ripple, SUSHI, and many more. These can be traded on their own or against fiat currencies such as USD, GBP, JPY, or other coins. 

With its proprietary trading platform, traders can seamlessly and accurately trade their desired cryptos. The platform is relatively user-friendly, and since this broker specializes in crypto, it has most, if not all, the tools you need to trade this asset class. There are also pattern recognition tools as well as technical indicators to help you with your trades.

Bitfinex’s trading platform also exists as a mobile application. It has all the features and tools on the web-based platform, but its interface is more mobile-friendly.

Logo Bitfinex

To open a Bitfinex account, you will need to type in a username, email address, and password. You will also need to choose which timezone you are in before you can open an account. You will then need to verify your identity by uploading a valid ID.

Registering for a live account also opens a paper trading account. This is a demo account where you can trade risk-free with virtual funds.

If you want to start trading live, a minimum deposit of $60 is required. The payment methods you can use are Bitcoin Payments or bank wire transfers. To add funds, click on the deposit button found on the platform. This can be found on the top right side of the window. When topping up using your bank account, it might take one to ten days to process. 

Bitfinex only offers a 24/7 email support system. However, this broker is quite active on Twitter, so you may be able to contact a customer support representative there. The website supports English, Russian, and Chinese. 

Another downside is Bitfinex does not accept clients from Bosnia and Herzegovina, the United States, Korea, Iraq, Iran, Syria, Vanuatu, Uganda, Ethiopia, and Yemen.

Benefits of Bitfinex:

  • Registered in Hong Kong and the British Virgin Islands
  • Free paper trading account
  • The minimum deposit is $60
  • 100+ cryptocurrencies
  • Has its own trading platform
  • Spreads vary depending on the coin you are trading
  • Zero commissions
  • 24/7 email support
  • Clients can create trading bots for automated trading

(Risk warning: Your capital can be at risk)

What is a cryptocurrency trading account?

Hardware cryptocurrency wallet with gold bitcoins on a laptop
Cryptocurrencies can also be stored on a hardware wallet

 A Cryptocurrency trading account is essentially a platform or a broker that allows the trade and exchange of cryptocurrencies or crypto pairs. With these, you can trade legally through trusted sources. 

With a dedicated decentralized exchange per broker, traders will be able to trade these coins with other crypto traders in the world. Depending on your broker, you could have access to more than 500 different cryptocurrencies and crypto pairs where clients have a wide array of investment options.

Having a crypto account automatically also entitles you to a crypto wallet, allowing you to store your funds with multiple layers of security. Clients may even opt to have hardware wallets that allow them to store crypto currencies physically.

With the biggest cryptocurrency brokers and exchanges offering services such as margin and leverage, traders and investors are now able to enjoy more profits and exponentially multiply their portfolio growth. Some of these exchanges even offer options, futures trading, and even staking. 

Although crypto staking is a new investment strategy, being able to invest your fund passively adds value to cryptocurrencies. By letting your cryptocurrency tokens become part of the system that validates transactions, you will be handsomely rewarded for your contribution. This system would generate an annual percentage yield of 0.24% to 21.60%. 

Through a few investment platforms, you can even purchase stocks or stock tokens. Crypto exchanges have become a one-stop platform wherein you don’t need to transfer your funds from one broker to another to enjoy asset volatility.

With how cryptocurrency has developed through the years, you can access your crypto wallets through a number of platforms that include Apple, Android, Microsoft, and Linux Operating systems. You can even create trading robots through APIs provided by your broker.

Nowadays, cryptocurrencies have branched out to offer NFTs or non-fungible tokens, which clients can own and invest in. Though NFTs are a fairly new idea, their popularity has risen due to client acceptance and demand. 

How to open a cryptocurrency trading account

The process of opening a cryptocurrency trading account varies depending on the broker. Most brokers let you fill out a form that asks for basic information. Others give you the option to link your other accounts to speed up the process. Either way, there are no registration fees. This means opening an account is 100% free

Trade more than 100 different cryptocurrencies CFDs on professional platforms:

(Risk warning: 79% of retail CFD accounts lose money)

Verification process

The verification process requires you to send in proof of identification. Any official ID should be good enough. This is important, especially when you withdraw funds, to ensure that only you can cash out your profits.

Demo online cryptocurrency trading account

A demo account is basically a free trial that is offered by most brokers. Here, you will be able to test the platform and its features as well as practice or hone your skills before you start trading with your hard-earned cash. These accounts come with virtual funds to ensure that you are practicing with zero risks.

Deposits and withdrawals

The deposit and withdrawal accounts of each broker can be seen above. It varies per broker, but there are many options to choose from to ensure that you will be able to top up or withdraw with ease. 

Fees for a cryptocurrency trading account

Most of the brokers on this list don’t have deposit fees but make sure to double-check their websites. Withdrawals may also have fees depending on your withdrawal method, but all the brokers are transparent when it comes to their spreads, commissions, and any additional charges.

Conclusion – Take advantage of our guide and open your free cryptocurrency trading account

Businessman with cryptocurrency hologram

Despite the list stating that these are the 5 best cryptocurrency trading accounts, each of these brokers has its own pros and cons. It’s ideal for you to do a bit of research and visit each of the broker’s websites to get more information. It also won’t hurt to take a look at a couple of user reviews as well.

Trade more than 100 different cryptocurrencies CFDs on professional platforms:

(Risk warning: 79% of retail CFD accounts lose money)

Last Updated on November 11, 2023 by Andre Witzel