Best crypto brokers in 2024

Written by
Adam N.
Fact checked by
Updated
May 2024
Dive into our toplist of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.
Don't invest unless you're prepared to lose all the money you invest.

Find below the strengths of the best crypto brokers available in the United States, updated for 2024:

  1. eToro is the best crypto broker in 2024. - Free stock and ETF trading. Seamless account opening. Social trading.
  2. Robinhood - Free US stock and ETF trading. Great mobile and web trading platforms. Fast and fully digital account opening. Interest paid on uninvested cash.
  3. Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
  4. Interactive Brokers - Extremely low fees. Wide range of products. Many great research tools.
  5. tastytrade - Low trading fees. Great educational materials. Good research tools.
  6. Firstrade - Free stock, ETF, fund and options trading. Solid research tools. Quality educational tools.
  7. Zacks Trade - Low fees. Extensive stock and ETF selection. Great customer service.
  8. SogoTrade - Low trading fees. Quick and easy account opening. Great customer service.
  9. Revolut - Low stock fees. Fast and easy account opening. Great mobile trading platform. Pays interest on uninvested cash.
  10. Swissquote - Access to many markets and products. No inactivity fee. Rock-solid background.
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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
Cryptos (#)
eToro
$10
74
Robinhood
$0
19
Alpaca Trading
$2.50
22
Interactive Brokers
$1.75
4
tastytrade
$10
8
Firstrade
$10.00
38
Zacks Trade
$1.75
4
SogoTrade
$10
7
Revolut
$19.90
100
Swissquote
$10
35
Best crypto brokers key data compiled for May 2024

Popularity of the best crypto brokers

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

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.

Broker
Withdrawal fee
Inactivity fee
eToro
$5
Robinhood
$0
Alpaca Trading
$0
Interactive Brokers
$0
tastytrade
$0
Firstrade
$0
Zacks Trade
$0
SogoTrade
$0
Revolut
$0
Swissquote
$10
Service fees at the top crypto brokers in May 2024

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.

Broker
Stocks
Forex
eToro
Robinhood
Alpaca Trading
Interactive Brokers
tastytrade
Firstrade
Zacks Trade
SogoTrade
Revolut
Swissquote
Other available assets at crypto brokers in May 2024

Where you can buy and sell cryptocurrencies?

You can buy and sell cryptocurrencies through various platforms, including cryptocurrency exchanges, online brokers, peer-to-peer (P2P) platforms, and even some traditional financial institutions.

Cryptocurrency exchanges such as Binance, Coinbase and Kraken, are online platforms that facilitate the trading of various cryptocurrencies. They typically limit their product portfolio to crypto assets. When you trade on a crypto exchange, you can own the actual coins directly.

Many online brokers provide a platform to trade cryptocurrencies, either as spot crypto or in the form of Contract for Difference (CFDs). When you trade crypto CFDs, you speculate on the price movements of cryptocurrencies without owning the underlying assets.

Several mobile apps, including CashApp, PayPal, Neteller, Skrill or Venmo, offer access to cryptocurrency trading. Some exchanges and most online brokers also have their dedicated apps, making it convenient to trade crypto on the go.

When choosing a platform to trade cryptocurrencies, prioritize security features like two-factor authentication (2FA) and cold storage of funds. Ensure the platform is regulated by relevant authorities in your jurisdiction to protect your interests. Keep in mind that in a lot of jurisdictions, investment protection schemes do not cover crypto trading.

Different platforms have different fee structures, including trading fees, withdrawal fees, and currency conversion fees. Pay close attention to the pricing model and the details as these costs will greatly influence the profitability of your trades.

Before trading cryptocurrencies, it's important to do your research and understand the risks involved.

What is crypto trading?

Cryptocurrency trading, often referred to as crypto trading, involves the buying and selling of cryptocurrencies with the goal of making a profit. Just like trading traditional financial assets such as stocks, commodities, or forex, crypto trading involves speculating on the price movements of cryptocurrencies to capitalize on price fluctuations.

Cryptocurrencies are digital or virtual assets that use cryptography for security and operate on decentralized blockchain technology. Bitcoin (BTC) is the first and most well-known cryptocurrency, but there are thousands of other cryptocurrencies available for trading, including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more.

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.

Cryptocurrencies are traded in pairs, where one cryptocurrency is exchanged for another. Some pairs will include a crytocurrency and a fiat currency, for example, the BTC/USD trading pair involves trading Bitcoin against the US Dollar. Traders speculate on the price movements of one cryptocurrency relative to another.

Crypto traders can take long or short positions, depending on whether they expect the price of a given coin to rise or fall.

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. The collapse of crypto exchange FTX saw many of its executives get charged with crimes in 2022 and caused many to question whether crypto can survive as an investment.

Case in point, the collapse of crypto exchange FTX in 2022, which made headlines around the world and saw many FTX executives get charged with crimes. The FTX scandal got many traders and market experts to question whether crypto can survive as an investment.

For now, it seems that crypto trading is here to stay and the increased crypto market volatility in the aftermath of the FTX scandal and consequent measures by authorities worldwide benefited many traders.

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

And now, let's see the top low-spread forex brokers in detail one by one, starting with the winner, eToro.

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

Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

Disclaimer: Cryptocurrency trading is not available at the following countries: Denmark, Estonia, Finland, Greece, Liechtenstein, Lithuania, Luxembourg, Norway, Sweden, Poland, Slovakia and Slovenia.

eToro snapshot
Minimum deposit $10
Mobile app score 4.9 stars
Deposit methods Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay
Withdrawal methods Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay

For a detailed analysis of eToro services, check out our full review for 2024.

Recommended for beginners and buy-and-hold investors focusing on the US stock market

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

For a detailed analysis of Robinhood services, check out our full review for 2024.

Recommended for traders interested in algorithmic stock trading

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Alpaca Trading snapshot
Minimum deposit $0
Mobile app score 4.3 stars
Deposit methods Bank transfer
Withdrawal methods Bank transfer

For a detailed analysis of Alpaca Trading services, check out our full review for 2024.

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 4.3 stars
Deposit methods Bank transfer
Withdrawal methods Bank transfer

For a detailed analysis of Interactive Brokers services, check out our full review for 2024.

Recommended for options and futures traders focusing on US markets

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

For a detailed analysis of tastytrade services, check out our full review for 2024.

Recommended for beginners and investors looking for zero-commission trading, focusing on the US market

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Firstrade snapshot
Minimum deposit $0
Mobile app score 4.5 stars
Deposit methods Bank transfer
Withdrawal methods Bank transfer

For a detailed analysis of Firstrade services, check out our full review for 2024.

Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees

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Zacks Trade snapshot
Minimum deposit $0
Mobile app score 3.5 stars
Deposit methods Bank transfer
Withdrawal methods Bank transfer

For a detailed analysis of Zacks Trade services, check out our full review for 2024.

Recommended for stock and options traders with a US focus who value great customer service

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

For a detailed analysis of SogoTrade services, check out our full review for 2024.

Recommended for beginners looking for low-cost stock trading and a great mobile-only trading platform

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Revolut snapshot
Minimum deposit $0
Mobile app score 4.4 stars
Deposit methods Bank transfer, Credit/debit cards, Apple Pay, Google Pay
Withdrawal methods Bank transfer

For a detailed analysis of Revolut services, check out our full review for 2024.

Recommended for affluent investors who value safety and are OK with higher fees

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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 2024.

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How did BrokerChooser pick the best crypto brokers?

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 number of available real crypto coins and their trading fees.
  • Examined whether crypto wallets and other cryptofeatures are offered by the broker.
  • Tested the trading platformand the broker's services with real money.

Save hours of research!

Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

FAQ

Which crypto broker is best?

These are the top crypto brokers in the world in 2024:

  1. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
  2. Robinhood - Free US stock and ETF trading. Great mobile and web trading platforms. Fast and fully digital account opening. Interest paid on uninvested cash.
  3. Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
  4. Interactive Brokers - Extremely low fees. Wide range of products. Many great research tools.
  5. tastytrade - Low trading fees. Great educational materials. Good research tools.
  6. Firstrade - Free stock, ETF, fund and options trading. Solid research tools. Quality educational tools.
  7. Zacks Trade - Low fees. Extensive stock and ETF selection. Great customer service.
  8. SogoTrade - Low trading fees. Quick and easy account opening. Great customer service.
  9. Revolut - Low stock fees. Fast and easy account opening. Great mobile trading platform. Pays interest on uninvested cash.
  10. Swissquote - Access to many markets and products. No inactivity fee. Rock-solid background.

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.

Do I need a broker to trade crypto?

Yes, you typically need a cryptocurrency exchange or broker to trade cryptocurrencies. Cryptocurrency exchanges are online platforms where clients can buy, sell, and trade various cryptocurrencies. These platforms provide traders with access to a wide range of cryptocurrencies, trading pairs, and tools for executing trades.

Many online brokers offer crypto trading services as well. Their clients can trade coins in the form of spot crypto or CFDs (Contracts for Difference). With the latter, you will not own the actual cryptocurrency, but merely speculate on its price movements.

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.

Is Bitcoin risky?

Yes, trading Bitcoin is a risky form of investment. Bitcoin does not stand out among cryptocurrencies as a particularly risky asset given that all cryptos carry an outstanding degree of risk. As a crypto trader, you need to understand that this market is mostly unregulated, and the lack of regulation can expose traders to potential fraud, scams, and market manipulation. Cryptocurrencies like Bitcoin are known for their extreme price volatility. Prices can experience rapid and unpredictable fluctuations within short periods, leading to significant gains or losses for traders.

Cryptocurrencies like Bitcoin are known for their extreme price volatility. Prices can fluctuate wildly and in an unpredictable manner within short periods, leading to significant gains or losses for traders. The lack of regulation and the presence of a relatively small number of large holders (whales) can result in market manipulation that affects prices and trader decisions.

Cryptocurrency exchanges and wallets are susceptible to hacking attacks, leading to the loss of funds. The decentralized nature of cryptocurrencies also means that if you lose access to your private keys, you might lose your investments. Unlike traditional financial systems, cryptocurrency transactions are irreversible. If you send funds to the wrong address or become a victim of a scam, it can be challenging or impossible to recover your funds.

Cryptocurrency transactions, including Bitcoin, are typically not covered by invcestor protection. If you become a victim of a scam, it can be challenging or impossible to recover your funds.

Is trading cryptocurrencies legal?

The legality of trading cryptocurrencies varies from country to country. Cryptocurrency trading is legal in many countries, but there are some regions that have imposed restrictions or bans on certain aspects of cryptocurrency trading.

Several countries, including the United States, Canada, Australia, Japan, and most of the European Union, have embraced cryptocurrency trading and have established regulatory frameworks to oversee it.

At the same time, both the US and the UK banned the trading of crypto CFDs. In fact, CFDs as such are not legal in the US.

There are quite a few countries that have not defined a clear regulatory framework for cryptocurrency trading. While trading might not be explicitly prohibited, the lack of regulations can create uncertainty for traders and businesses operating in the cryptocurrency space.

In some countries such as China or Saudi Arabia, cryptocurrency trading is illegal.

Want to understand crypto trading in more detail?

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

Don't invest unless you're prepared to lose all the money you invest.
Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

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.

author image
Adam Nasli
Author of this article
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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