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Best crypto brokers in 2023

TradeStation Logo
1st place
TradeStation
eToro Logo
2nd place
eToro
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Alpaca Trading Logo
3rd place
Alpaca Trading

Top 5 crypto brokers in the United States in 2023


  1. TradeStation is the best crypto broker in 2023. - Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
  2. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
  3. Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
  4. Interactive Brokers - Low trading fees. Wide range of products. Many great research tools.
  5. Webull - Free stock, ETF and options trading. Fast and easy account opening. Great trading platforms.
Check out the best brokers in another country

How did BrokerChooser pick the best crypto brokers?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared crypto fees (including spreads, withdrawal fee, etc.),
  • Checked the availability of real crypto coins and their trading fees,
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

Best crypto brokers
Key features of the best crypto brokers

While many online crypto brokers and crypto trading platforms offer an excellent service, the ones in our toplist go the extra mile.

Best crypto brokers key data compiled for January 2023
Broker Spot crypto fee per $1,000 Number of coins available Minimum deposit Account activated in
TradeStation $5.5 11 $0 1 day
eToro $10 76 $10 1 day
Alpaca Trading $2.50 34 $0 1 day
Interactive Brokers $1.75 4 $0 1-3 days
Webull $10 62 $0 1 day

Best crypto brokers
Service fees at the top crypto brokers

Service or non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

TradeStation eToro Alpaca Trading Interactive Brokers Webull
Account fee No No No No No
Inactivity fee Yes Yes No No No
Withdrawal fee $0 $5 $0 $0 $0
Deposit fee $0 $0 $0 $0 $0
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Best crypto brokers
Product selection at the top brokers for cryptocurrency trading

The following table includes the various assets users can trade at these online brokers in addition to crypto.

TradeStation eToro Alpaca Trading Interactive Brokers Webull
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex No Yes No Yes No
Funds Yes No No Yes No
Bonds Yes No No Yes No
Options Yes Yes No Yes Yes
Futures Yes No No Yes No
CFDs No Yes No Yes No

Best crypto brokers
What is crypto trading?

Although the ideas and principles behind cryptocurrencies have been around for decades, it was the 2008-09 financial crisis that sparked the creation of cryptocurrencies. These digital assets cut out intermediaries such as banks and governments, which had been seen as part of the problem by some after the crisis.

While Bitcoin is by far the most popular crypto, in fact, there are thousands of cryptocurrencies in circulation. Their appeal is the huge swings in prices, which holds the promise of making hefty profits virtually overnight.

Nevertheless, cryptocurrencies are extra risky, their regulation is patchy, the market is extremely volatile, consumer protection is very weak, and security breaches, scams and frauds abound in the market. Only invest money in cryptocurrencies that you are prepared to lose.

To better understand cryptocurrencies and the risks involved, read this article on crypto trading tips compiled by our team of experts.

If you want to buy and sell cryptocurrencies, you have several options. Traditional brokers offer a wide selection of investment products, but most only offer crypto trading in the form of futures. In this list we selected brokers, that provide access to the underlying coins.

Crypto exchanges like Binance or Coinbase only have digital currencies in their product portfolio. Alternative service providers such as Cash App and PayPal have also jumped on the crypto wagon and offer cryptocurrencies to U.S. users.

An increasing number of online brokers allow investing in cryptocurrencies and we selected the best such service providers.

Let's see the the best brokers for trading cryptocurrencies one by one, starting with the winner, TradeStation.

TradeStation Logo

#1 Best online broker for crypto trading
TradeStation

Recommended for traders focusing on us markets and buy-and-hold investing

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TradeStation snapshot
Minimum deposit $0
Mobile app score 4.8 stars
Deposit methods Bank transfer
Withdrawal methods Bank transfer

For a detailed analysis of TradeStation services, check out our full review for 2023.

eToro Logo

#2 Best online broker for crypto trading
eToro

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

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Your capital is at risk

eToro snapshot
Minimum deposit $10
Mobile app score 4.9 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL
Withdrawal methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL

For a detailed analysis of eToro services, check out our full review for 2023.

Alpaca Trading Logo

#3 Best online broker for crypto trading
Alpaca Trading

Recommended for traders interested in algorithmic stock trading

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Alpaca Trading snapshot
Minimum deposit $0
Mobile app score 4.2 stars
Deposit methods Bank transfer
Withdrawal methods Bank transfer

For a detailed analysis of Alpaca Trading services, check out our full review for 2023.

Interactive Brokers Logo

#4 Best online broker for crypto trading
Interactive Brokers

Recommended for traders looking for broad market access and a professional trading environment

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Interactive Brokers snapshot
Minimum deposit $0
Mobile app score 3.5 stars
Deposit methods Bank transfer
Withdrawal methods Bank transfer

For a detailed analysis of Interactive Brokers services, check out our full review for 2023.

Webull Logo

#5 Best online broker for crypto trading
Webull

Recommended for investors and traders looking for zero-commission trading and easy platforms

Visit broker

Webull snapshot
Minimum deposit $0
Mobile app score 5.0 stars
Deposit methods Bank transfer
Withdrawal methods Bank transfer

For a detailed analysis of Webull services, check out our full review for 2023.

Best crypto brokers
FAQ

Which crypto broker is best?

These are the top crypto brokers in the world in 2023:

  1. TradeStation - Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
  2. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
  3. Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
  4. Interactive Brokers - Low trading fees. Wide range of products. Many great research tools.
  5. Webull - Free stock, ETF and options trading. Fast and easy account opening. Great trading platforms.

Is Binance better than Coinbase?

Binance has advanced trading platforms, as well as the lowest fees and the widest product selection among crypto exchanges reviewed by BrokerChooser's experts. In addition to spot trading, it offers users derivatives trading, staking and a crypto debit card. Be careful as Binance's legal structure is opaque. It operates outside developed markets, under Hong Kong law.

Coinbase has a solid corporate background and it's listed on the NASDAQ, but its trading fees are really high and its crypto coin selection is limited. The exchange offers an easy-to-use trading platform and high quality education materials.

If your primary concern is fees, Binance is probably a better option. If, however, you want a service provider with a more regulated background, Coinbase is a better choice.

Can I start investing in Bitcoin with $10?

Yes, you can start investing in Bitcoin with $10. It's probably a good idea to start trading Bitcoin or any other cryptocurrency with a smaller amount and once you get more familiar with the coins and the crypto world, you may increase the funds you invest. Don't forget that crypto investments are extremely risky, the coins are highly volatile and most traders lose a large percentage of their investment.

Want to understand crypto trading in more detail?

Check out these articles written by our broker and trading experts:

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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