Best Crypto Broker for Beginners

Start your crypto trading journey with brokers designed for beginners. These platforms offer intuitive interfaces, educational resources, and excellent customer support to help you get started. If you’re new to cryptocurrency trading, read on to find the best brokers for beginners.

eToro

XTB

Capital.com

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The 7 Best Crypto Brokers for Beginners

eToro

Our evaluation

4,9

Commissions

hidden

Regulated

Yes

Investor protection

High 4,9/5

Open account

Direct link to the exchange website

XTB

Our evaluation

4,8

Commissions

Low 4,7/5

Regulated

FCA, KNF

Investor protection

Yes

Open account

Direct link to the exchange website

Capital.com

Our evaluation

4,9

Commissions

Low 3,9/5

Regulated

CySEC, FCA

Investor protection

Yes

Open account

Direct link to the exchange website

Robinhood

Our evaluation

4,9

Commissions

Low 4,7/5

Regulated

SEC, FINRA

Investor protection

Yes

Open account

Direct link to the exchange website

AvaTrade

Our evaluation

4,5

Commissions

Average 3,4/5

Regulated

ASIC

Investor protection

Yes

Open account

Direct link to the exchange website

Plus500

Our evaluation

4,6

Commissions

Low 3,7/5

Regulated

FCA, CySEC

Investor protection

Yes

Open account

Direct link to the exchange website

IG

Our evaluation

4,9

Commissions

Average 3,4/5

Regulated

FCA, ASIC

Investor protection

Yes

Open account

Direct link to the exchange website

Let's Analyze the 7 Best Crypto Brokers for Beginners

eToro

Read eToro Review

Why Choose eToro?

eToro is a prime choice for both newcomers and experienced traders seeking a user-friendly and innovative trading platform. Its standout feature, the social trading aspect, is perfect for those who might feel daunted by the complexities of the financial markets. This feature allows users to observe and copy trades from seasoned investors, providing a valuable learning curve and an insight into strategic trading without the need for extensive personal experience. Additionally, eToro’s user-friendly interface ensures that navigating the complexities of cryptocurrency and stock trading is straightforward and accessible, even for those with minimal trading background.

Security and regulation are paramount in choosing a trading platform, and eToro excels in both. The platform is regulated by several top-tier financial authorities, ensuring that users’ investments are handled with utmost integrity and in compliance with stringent financial standards. This regulatory oversight provides a strong level of protection for users’ funds, making eToro a reliable and trustworthy option for engaging with the financial markets. Moreover, the platform’s commitment to providing a secure trading environment is evident through its use of advanced security technologies to safeguard users’ information and assets.

Furthermore, eToro offers a diverse range of trading options not just limited to cryptocurrencies but also including stocks, commodities, and forex. This variety allows users to diversify their investment portfolio all within a single platform, enhancing the potential for risk management and exposure to different markets. The additional resources like real-time data feeds, analytical tools, and the personalized, social news feed provide users with the insights needed to make informed trading decisions. These features, combined with the platform’s robust educational resources, empower eToro users to expand their trading knowledge and skills continually. For anyone looking to engage with the financial markets in a dynamic and supportive environment, eToro presents a compelling option that caters to a wide range of trading needs and preferences.

Pros

Cons

Editor's Note

At Threenvest, we understand the importance of choosing the right cryptocurrency exchange for your trading and investment needs. eToro, with its distinctive blend of social trading features and a user-friendly platform, presents a compelling option for those new to cryptocurrency trading as well as seasoned traders seeking a more community-oriented trading environment. The platform stands out for its wide array of cryptocurrencies, including popular choices like Bitcoin and Ethereum, as well as its innovative social trading tools that allow users to learn from peers and mimic successful traders’ strategies. These features make eToro particularly attractive to users who value a collaborative approach to trading. However, it’s important to weigh eToro’s offerings against its limitations. Compared to other exchanges, eToro’s fee structure, primarily based on spreads, may be higher, particularly for less popular cryptocurrencies or during volatile market conditions. Additionally, while eToro offers a robust platform that caters well to beginners and intermediate users, advanced traders might find the technical tools insufficient for complex strategies. At Threenvest, we recommend eToro for users who prioritize ease of use, educational resources, and social trading capabilities. For those requiring advanced trading capabilities and lower fee structures, exploring other platforms might be advisable. Ultimately, aligning your specific trading style and needs with the features offered by eToro will determine if this platform is the right choice for you.

XTB

Read XTB Review

Why Choose XTB?

XTB is an excellent choice for cryptocurrency traders due to its extensive range of digital assets and user-friendly platform. The broker offers over 50 major cryptocurrencies, including Bitcoin, Ethereum, and Ripple, along with various intra-crypto pairs such as ETH/BTC and DSH/BTC. This variety allows traders to diversify their portfolios and explore different trading strategies. The xStation platform is highly regarded for its ease of use, advanced charting tools, and quick execution times, making it suitable for both novice and experienced traders. Additionally, XTB provides 24/5 trading, ensuring that users can access the markets at any time.

One of the standout features of XTB is its commitment to security and transparency. The platform is regulated by top-tier financial authorities, including the FCA, CySEC, and KNF, which ensures adherence to stringent regulatory standards. XTB’s listing on the Warsaw Stock Exchange further enhances its credibility, as it regularly publishes financial statements and undergoes strict scrutiny. Moreover, the broker offers negative balance protection, safeguarding clients from losing more than their initial investment.

XTB’s competitive trading conditions also make it a compelling choice. The broker offers tight spreads starting from 0.22%, and leverage of up to 1:5 on major cryptocurrencies, allowing traders to maximize their potential returns. The absence of a minimum deposit requirement means that traders can start with any amount, making it accessible to a wide range of investors. Overall, XTB’s comprehensive crypto offering, regulatory compliance, and favorable trading conditions make it an ideal platform for cryptocurrency trading.

Pros

Cons

Editor's Note

As an expert, I find XTB to be a robust choice for cryptocurrency traders, especially those interested in CFDs. The platform offers a broad range of over 50 cryptocurrencies and 16 intra-crypto pairs, providing ample opportunities for diversified trading strategies. The xStation platform is particularly user-friendly, equipped with advanced charting tools and quick execution times, which enhances the overall trading experience. Furthermore, XTB’s strong regulatory oversight by entities like the FCA, CySEC, and KNF, coupled with its transparency as a publicly listed company, ensures a high level of trust and security for traders. However, the lack of support for MetaTrader 4 and 5 and the exclusive focus on CFDs might be limiting for some users. Overall, XTB is highly suitable for both novice and experienced traders looking for a reliable and transparent platform for crypto trading.

Capital.com

Read Capital.com Review

Why Choose Capital.com?

Choosing Capital.com for cryptocurrency trading offers numerous advantages, making it an excellent platform for both beginners and experienced traders. One of the most compelling reasons to opt for Capital.com is its extensive selection of cryptocurrencies. With access to 377 cryptocurrencies and 490+ crypto pairs, traders can explore a wide range of digital assets, including major coins like Bitcoin and Ethereum, as well as trending altcoins such as Dogecoin and Shiba Inu. This extensive variety ensures that traders have ample opportunities to diversify their portfolios.

Another strong point of Capital.com is its user-friendly platform, which is designed to provide a seamless trading experience. The account opening process is straightforward and quick, allowing traders to start trading within minutes. The platform also offers intuitive mobile apps for both iOS and Android, ensuring that users can trade on the go. Additionally, Capital.com’s trading interfaces are sleek and easy to navigate, which is particularly beneficial for beginners. The availability of a free demo account allows users to practice and familiarize themselves with the platform before committing real funds.

Security is another critical factor where Capital.com excels. The platform is regulated by top-tier financial authorities such as the FCA, CySEC, ASIC, and SCB, providing a high level of trust and reliability. Capital.com employs robust security measures, including SSL encryption and two-factor authentication (2FA), to protect user data and funds. Furthermore, the platform offers negative balance protection, ensuring that traders do not lose more than their initial investment. This strong emphasis on security and regulatory compliance makes Capital.com a trustworthy choice for cryptocurrency trading.

Pros

Cons

Editor's Note

As an expert on our website, I highly recommend Capital.com for those interested in cryptocurrency trading, especially if you’re looking for a platform with a wide range of crypto options and excellent user experience. The platform’s extensive selection of 377 cryptocurrencies and 490+ crypto pairs provides ample trading opportunities, while its intuitive interfaces and robust security measures make it a reliable choice for both beginners and seasoned traders. Despite the limitation of offering only CFD trading, the low fees and fast transactions make it an appealing option for anyone looking to engage in crypto trading.

Robinhood

Read Robinhood Review

Why Choose Robinhood?

Choosing Robinhood Crypto is a smart decision for beginners and casual investors looking for a simple and cost-effective way to trade cryptocurrencies. The platform’s commission-free trading model allows users to buy and sell cryptocurrencies without incurring extra costs, making it highly attractive for those new to the crypto market. Additionally, the user-friendly interface and seamless integration with Robinhood’s stock and ETF trading services provide a convenient, all-in-one platform for managing various types of investments.

Moreover, Robinhood Crypto supports trading with as little as $1, enabling users to start investing with minimal initial capital. This low barrier to entry is ideal for novice investors who want to explore the cryptocurrency market without significant financial risk. The platform also offers a wide range of popular cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, allowing users to diversify their crypto portfolios easily.

Finally, Robinhood’s strong regulatory oversight by the SEC and FINRA ensures a secure trading environment. The platform employs robust security measures, such as two-factor authentication and encryption, to protect user data and assets. While Robinhood has faced some criticism regarding customer service, its overall reputation remains solid, with millions of satisfied users. This makes Robinhood Crypto a reliable and accessible choice for anyone looking to venture into cryptocurrency trading.

Pros

Cons

Editor's Note

As an expert on our website, I recommend Robinhood Crypto for its ease of use and commission-free trading. It’s an excellent choice for beginners who want to start trading cryptocurrencies with minimal initial investment. However, be mindful of its limitations, such as the lack of support for external wallets and limited customer service. Overall, it’s a solid platform for those new to crypto trading, offering a straightforward and accessible entry into the market.

AvaTrade

Read AvaTrade Review

Why Choose AvaTrade?

AvaTrade is an excellent choice for those looking to trade cryptocurrencies and other financial instruments due to its strong regulatory oversight, user-friendly platforms, and diverse range of trading options. The platform is regulated by multiple top-tier authorities, including the Central Bank of Ireland, ASIC, and the FSCA, ensuring a high level of security and compliance. This regulatory backing provides traders with confidence that their funds are safe and that the broker adheres to strict financial standards.

Another significant advantage of AvaTrade is its variety of trading platforms, including MetaTrader 4, MetaTrader 5, and AvaTradeGO. These platforms offer robust features such as advanced charting tools, automated trading capabilities, and a user-friendly interface, catering to both beginners and experienced traders. The availability of a free demo account with $100,000 in virtual funds allows new traders to practice and familiarize themselves with the platform without any financial risk.

AvaTrade also stands out for its comprehensive educational resources and customer support. The broker offers a wealth of educational materials, including articles, videos, webinars, and eBooks, to help traders enhance their knowledge and skills. Customer support is available through multiple channels, including live chat, phone, and email, ensuring that traders can get assistance when needed. While the support is available 24/5, it is highly responsive and helpful, particularly through the live chat feature. Overall, AvaTrade’s combination of security, user-friendly platforms, and supportive resources makes it a top choice for traders in the cryptocurrency market.

Pros

Cons

Editor's Note

As a cryptocurrency enthusiast and expert at Threenvest, I highly recommend AvaTrade for its robust regulatory framework and user-friendly trading platforms. AvaTrade’s diverse range of trading instruments and excellent customer support make it a reliable choice for both new and experienced traders. While the selection of cryptocurrencies could be broader, and the inactivity fees lower, the overall security and ease of use make AvaTrade a strong contender in the world of crypto trading.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the article

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.