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Top 5 crypto brokers in the United States in 2023
- TradeStation is the best crypto broker in 2023. - Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
- eToro - Free stock and ETF trading. Seamless account opening. Social trading.
- Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
- Swissquote - Access to many markets and products. No inactivity fee. Rock-solid background.
- Interactive Brokers - Low trading fees. Wide range of products. Many great research tools.
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,
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.
| 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 |
| Swissquote | $10 | 35 | $0 | 1 day |
| Interactive Brokers | $1.75 | 4 | $0 | 1-3 days |
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 | Swissquote | Interactive Brokers | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Inactivity fee | Yes | Yes | No | No | No |
| Withdrawal fee | $0 | $5 | $0 | $10 | $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 | Swissquote | Interactive Brokers | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes | Yes | Yes |
| Forex | No | Yes | No | Yes | Yes |
| Funds | Yes | No | No | Yes | Yes |
| Bonds | Yes | No | No | Yes | Yes |
| Options | Yes | Yes | No | Yes | Yes |
| Futures | Yes | No | No | Yes | Yes |
| CFDs | No | Yes | No | Yes | Yes |
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.
#1 Best online broker for crypto trading
TradeStation
Recommended for traders focusing on us markets and buy-and-hold investing
| 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.
#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
| 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.
#3 Best online broker for crypto trading
Alpaca Trading
Recommended for traders interested in algorithmic stock trading
| 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.
#4 Best online broker for crypto trading
Swissquote
Recommended for affluent investors who value safety and are ok with higher fees
| Swissquote snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 4.7 stars |
| Deposit methods | Bank transfer, Credit/debit cards |
| Withdrawal methods | Bank transfer |
For a detailed analysis of Swissquote services, check out our full review for 2023.
#5 Best online broker for crypto trading
Interactive Brokers
Recommended for traders looking for broad market access and a professional trading environment
| 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.
Best crypto brokers
FAQ
Which crypto broker is best?
These are the top crypto brokers in the world in 2023:
- TradeStation - Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
- eToro - Free stock and ETF trading. Seamless account opening. Social trading.
- Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
- Swissquote - Access to many markets and products. No inactivity fee. Rock-solid background.
- Interactive Brokers - Low trading fees. Wide range of products. Many great research tools.
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:
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