Cryptocurrencies, specifically Bitcoin, have gained a lot of popularity and a huge trading volume quantum-ai-trading.com, irrespective of all the critics. Cryptocurrency is famous due to fluctuations as these ups and lows permit traders to earn profit from the movement of price.
For instance, the price of BTC was 1000 dollars at the beginning of 2017 which reached a total of 20,000 dollars at the end of the same year. After a year, its value was nearly 3200 dollars but emerged in 2019, getting a value of more than 10,000 dollars. At the start of 2021, the value of Bitcoin tremendously increased as it touched the figure of 60,000 dollars, and in November 2021, it got an all-time high value by crossing the digit of 68,000 dollars. After getting the maximum value, Bitcoin is under stress, but you can easily trade it via Bitcoin Trading Software.
These are the kind of fluctuations in price that have earned the interest of traders who are wishing to generate profits. The preferences of traders vary; some of them want direct ownership of currency while the rest move towards future markets. Well, it is significant to know the best brokers for buying & selling cryptocurrencies to maximize profit.
Best Brokers For Crypto Trading In 2022
Robinhood is a great choice for direct buyers and beginners who are willing to have a simple, user-friendly layout. Although Robinhood comes up with finite trading options and account types, still a beginner can learn it quickly. It makes it easy for you to reach out to your tax documents and other statements through an app, and it takes less than 10 minutes to create an account and initiate funding in it. Ultimately, trading via Robinhood is so convenient.
These brokers enable you to trade four cryptocurrencies, including the top two, Bitcoin & Ethereum directly at a meager commission. Interactive Brokers also let you buy BTC & ETH futures instead of directly possessing the currencies. Besides this, Investment Brokers provide you with a complete set of offers enabling you to buy almost anything tradable on an exchange.
If you are willing to have a portfolio of stocks and cryptocurrencies to diversify your investments, Webull is the best-suited option. The Webull platform enables the trading of well-known cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and other Altcoins, making it convenient to diversify your portfolio effortlessly. With Webull, you can make instant transactions, which are beneficial in a crypto-like volatile market.
It is a useful platform for investing in cryptocurrencies such as Cardano & Neo. Unlike top-class platforms, Binance is complicated to use, but it is among the strongest trading platforms. It has a unique mobile application, but due to its complexity, people often get disappointed. It supports the trading of a large number of cryptocurrencies at lower fees. And you can make speedy transactions at Binance.
Coinbase is one the best, largest, and oldest cryptocurrency exchanging platforms enabling you to invest directly with US Dollars to buy & sell Bitcoin, Ethereum, Tether, Litecoin, and 30+ other digital currencies. It is currently operating in more than 100 countries, serving about 43 million users. Coinbase is user-friendly and offers high-level security. It also provides its users with a wallet to store their funds in it.
eToro has modified the ways of trading and investing that were mostly used through social trading platforms. It provides you the facility to trade cryptocurrencies worldwide. You can also imitate the portfolios of other traders if you find them rewarding. The best thing it offers to its users is the practice trading account that you can use as a mock before investing the real funds.
It is a genuine crypto trading platform that contains reliable tokens and coins for trading and investing. Kraken also enables margin trading. It is among those platforms that allow the trading of top-ranked digital coins such as Bitcoin & Ethereum, emerging coins such as Cardano & Solana, and risky digital currencies such as Dogecoin. Kraken is one of the largest crypto brokers that ensure a high level of safety & security and supports a large variety of cryptocurrencies for trading.