In this article, I will discuss the best Bitcoin brokers for your first transactions. With the increasing expansion of the cryptocurrency business, it becomes more complex for new traders to determine which platform to begin trading
Bitcoin on. A novice trader should select a broker that is vastly categorized by simple-to-use platforms, extensive educational materials, and reliable customer service. I will recommend some Bitcoin brokers that make it easy to get started with the complex world of crypto and enable you to begin trading without difficulties.
Key Points & Best Bitcoin Brokers For Beginners List
| Broker | Key Points |
|---|---|
| AvaTrade | – Offers a wide range of trading instruments. – Advanced trading platforms. – Strong regulatory oversight. |
| Exness | – High leverage options. – Multiple account types. – Low spreads and fees. |
| eToro | – Social trading features. – User-friendly platform. – Copy trading for beginners. |
| Capital.com | – AI-powered trading platform. – Tight spreads. – Zero commission on trades. |
| IG | – Extensive market access. – Strong regulatory status. – Excellent educational resources. |
| Eightcap | – ECN & STP execution model. – Low spreads on forex pairs. – Fast withdrawal processing. |
| Pepperstone | – Low spreads and high liquidity. – Multiple trading platforms. – Fast execution speed. |
| XTB | – Advanced trading tools. – Strong educational content. – Regulated across multiple jurisdictions. |
| HFM | – Specializes in forex and CFDs. – Multiple account options. – Tight spreads and low commissions. |
| Plus500 | – Simple platform interface. – Offers CFDs across multiple asset classes. – Competitive spreads. |
10 Best Bitcoin Brokers For Beginners
1.AvaTrade
AvaTrade is considered to be one of the top brokers for Bitcoin for novice traders. AvaTrade provides new traders with unlimited access to its user-friendly platform geared towards the Bitcoin market.
New traders looking to get into cryptocurrency trading have access to a variety of learning materials from tutorials to webinars.
Furthermore, AvaTrade has tight spreads, low minimum deposit, and advanced trading tools, which allows new traders to have a fluid and supportive trading environment.
Pros
- Has a wide variety of assets that also includes cryptocurrency.
- Regulated in multiple locations which assures safety and trust.
- Offers multiple trading platforms, including MetaTrader 4, and AvaTradeGo.
Cons:
- Lacks comprehensive research tools relative to other brokers.
- Extremely high fees for inactive accounts.
- Fees for withdrawal on some payment methods.
2.Exness
Exness is beginner friendly when it comes to Bitcoin traders brokers. Exness has a user friendly platform which is very intuitive so new traders can use it with ease.
Newbies also benefit from Exness’ educational content such as articles and webinars which develop their understanding of Bitcoin trading.
Additionally, Exness has low minimum deposits and tight spreads. High leverage and good customer service makes sure that all new Bitcoin traders can find ease while using Exness.
Pros:
- Allows flexibility in leverage to suit the client’s needs.
- Access to a variety of instruments.
- Withdrawal is fast and efficient.
Cons:
- Fewer learning materials than some other competitors.
- Certain accounts have high spreads.
- Some pairs do not offer options for fixed spreads.
3.eToro
Beginners can take advantage of eToro’s platform as one of the best Bitcoin trading companies. eToro’s trading platform is designed to allow new traders to effortlessly purchase, sell and operate Bitcoin.
An important feature is the availability of social trading, which enables beginners to mimic the trading behavior of seasoned experts.
Moreover, eToro offers stellar educational resources, a practice demo account, and low commissions, which enables users to gain valuable confidence in Bitcoin trading.
Pros:
- Users can copy the strategies of the best traders for social trading.
- No commission charged for trading on stocks and ETFs.
- Assets apart from stocks include a variety of cryptocurrencies.
Cons:
- Limited customer service coverage which results in delayed responses.
- Very high fees that are not dependent on activity like trading.
- Advanced traders will have a limited number of tools for technical analysis.
4.Capital.com
Capital.com is an amazing Bitcoin broker for newcomers. Capital.com is distinct in that it has an AI powered trading platform which provides beginners useful market analysis and risk management, enabling them to make more informed trade decisions.
It is also user friendly and comes with a demo account. Capital.com boasts low spreads and zero commissions on trades, as well as offers countless educational materials, making it a popular option among beginners in Bitcoin traders.
Pros:
- The tools offered by this provider assist in AI assisted trading, resulting in better decision making.
- Has a variety of trading products with very good spreads.
- Enjoy business on the go with convenient trading using mobile phones.
Cons:
- Not sufficient research and analysis material available for the market.
- No phone contact system for customers.
- Some advanced features are not accessible from certain countries.
5.IG
IG is one of the best Bitcoin brokers for beginners. Thanks to its user-friendly platform, first-time traders can easily learn the ropes. It offers plenty of educational resources such as guides and tutorials that make the initial learning process of Bitcoin trading simpler.
Another advantage of IG is its affordable costs due to its low spreads and minimum deposit limits. Combined with regulatory supervision and superb customer care, beginners in the Bitcoin world can feel secure and nurtured under the care of IG.
6.Eightcap
Eightcap is an ideal platform for beginners who seek to trade Bitcoin. Eightcap has a simple trading platform that enables Bitcoin trading for the first time and also ensures that orders are executed instantly.
It has competitive spreads, a demo account, and requires minimal deposit. Eightcap competes well because, in addition to having the correct tools, customers receive excellent online support which gives them the confidence to start with the Bitcoin market.
Pros:
- There are accounts with ECN and STP that provide better execution.
- New trading investors have low minimum deposits.
- Payments via numerous methods are accepted which makes deposit and withdrawal easier.
Cons:
- A lot of educational information is not available for struggling new traders.
- Certain accounts do not allow the guaranteed stop loss feature.
- There are not many advanced trading tools available for skilled traders.
7.Pepperstone
Pepperstone best Bitcoin broker for beginners and It is a platform that has a low spread while enabling fast execution which is ideal for new traders. It also provides informative materials in form of webinars or articles that help beginners comprehend Bitcoin trading.
Moreover, it has demo accounts that enable risk-free practice and support, which makes it a good option for customers who are new to complex Bitcoin trading.
Pros:
- It supports many trading functions by providing various account types.
- It has a strong regulation that guarantees security and trust because of the laws around them.
- Its commission rates are relatively low making it cheap for busy traders.
Cons:
- They have very few cryptocurrencies as opposed to some other companies in the market.
- There is no content provided to assist professional traders.
- support staff are only available during limited hours for general questions.
8.XTB
XTB is a perfect broker for freshers who want to trade Bitcoin. The company has built an easy to navigate trading platform that is simple for anyone unfamiliar with the trading world. It offers useful materials such as videos and courses which facilitate beginner’s understanding of Bitcoin trading.
Traders can benefit from highly competitive spreads and demo accounts, which XTB offers, along with great customer support services. Such features enable new traders to have a successful first experience at trading Bitcoin.
Pros:
- Has a powerful trading platform that includes advanced charting features.
- Has thorough international market analysis and research.
- Well regulated in most major financial markets.
Cons:
- There is no support for MT4, which limits platform selection significantly.
- Some positions incur very high overnight financing fees.
- Fewer cryptocurrency pairings are offered than other brokers.
9.HFM
HFM is a great choice for novice Bitcoin traders. HFM has a simple platform and easy navigation features which enhances accessibility for new traders. In addition, he has a low minimum deposit requirement and low spreads which makes it easy for new traders seeking to trade Bitcoin.
Furthermore, HFM provides a wide range of learning materials like webinars and tutorials, as well as around-the-clock customer service, so that beginners are thoroughly guided and equipped in the field of Bitcoin trading.
Pros:
- Caters to the different needs of various traders by offering different types of accounts.
- Able to offer fairly priced spreads, in addition to low trade commissions.
- Provides a wide range of educational materials in addition to webinars.
Cons:
- Does not have a wide range of cryptocurrencies to trade.
- Customer care may take longer to respond to clients during busy seasons.
- Does not provide assistance with sophisticated trading programs like MetaTrader 5
10.Plus500
Plus500 is a suitable option for beginners who wish to trade Bitcoin. Plus500 has a straightforward trading platform that enables beginners to easily get started in cryptocurrency trading.
It provides an opportunity to practice with a demo account, so that novices can get used to the market without incurring any losses.
Plus500 also has tight spreads and commissions free trading and a range of instructional tools, so that novices can easily start trading Bitcoin without the fear of being overloaded with new information.
Pros:
- It has an easy-to-use platform which is suitable for newcomers to trading.
- Offers negative balance protection to all account holders.
- A wide array of CFDs is available that include crypto, stocks, forex, etc.
Cons:
- They lack sufficient research and analysis tools needed for detailed market analyses.
- Does not provide access to MetaTrader or other sophisticated trading accounts.
- Charges inactivity fees after three months without trading activity.
Conclusion
In conclusion, selecting the most ideal Bitcoin broker for beginners is subject to personal taste and desire. Brokers such as AvaTrade, Exness, eToro, and Capital.com have gained an upper hand owing to their friendly interfaces, training materials, and good customer care services.
These premises make it easy to start trading Bitcoin by providing demo accounts, low minimum deposits, and cheaper spreads.
This is the best option for a beginner wishing to enter the market, as they will inevitably succeed through ease of use paired with the necessary tools.
