BDSwiss Review crypto broker 2024

Our veredict

BDSwiss is a well-regarded broker, particularly for its ease of use and suitability for beginners. It offers CFD trading on twelve major cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, which allows traders to speculate on price movements without owning the underlying assets. The platform is intuitive, with a user-friendly WebTrader and a highly-rated mobile app that supports trading on the go. The educational resources provided are robust, making it an excellent choice for novice traders looking to learn and grow their skills. However, the limited range of cryptocurrencies and the exclusive focus on CFDs might be restrictive for more experienced traders seeking broader crypto investment opportunities.

Despite its strengths, BDSwiss has some drawbacks. The cryptocurrency offerings are limited compared to other platforms, and only CFD trading is available, which may not appeal to all investors. Additionally, while deposit and withdrawal processes are efficient, some fees may apply depending on the method used. Overall, BDSwiss is a reliable platform for those starting in crypto trading but may not meet the needs of more advanced traders seeking a wider variety of assets and trading options.

Pros

Mobile app availability BDSwiss offers a robust mobile app that allows users to trade on the go, ensuring they never miss out on market opportunities.
No deposit fees BDSwiss does not charge any fees for deposits made via credit cards, making it cost-effective to fund your trading account.
Educational resources The broker offers extensive educational materials, including webinars, tutorials, and e-books, which are invaluable for both new and experienced traders.

Cons

3,5

Threenvest Score

Fees

4,1/5

Regulated

CySEC, FSC, NFA

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose BDSwiss?

BDSwiss is a compelling choice for cryptocurrency trading for several reasons. First, it offers a user-friendly platform that caters to beginners and experienced traders alike. The WebTrader and mobile app provide intuitive interfaces, making it easy to manage trades and monitor market movements on the go. The platform’s robust educational resources, including webinars, tutorials, and e-books, are particularly beneficial for those new to trading, ensuring they have the knowledge and tools needed to make informed decisions.

Secondly, BDSwiss is well-regulated and trusted, operating under multiple regulatory bodies such as CySEC and the FSC. This regulatory oversight provides a level of security and trust that is crucial for any financial platform, especially one dealing with the volatile cryptocurrency market. The broker also employs strong security measures, including SSL encryption and two-factor authentication, to protect user data and funds.

Lastly, BDSwiss offers a variety of account types to suit different trading needs, from basic accounts with low minimum deposits to VIP accounts with premium features and tight spreads. The availability of CFDs on twelve major cryptocurrencies allows traders to leverage their positions and potentially profit from both rising and falling markets. However, it’s important to note that trading CFDs comes with higher risk, which might not be suitable for all investors. Overall, BDSwiss combines accessibility, security, and flexibility, making it a strong choice for those looking to enter the world of cryptocurrency trading.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in cryptocurrency trading, I highly recommend BDSwiss for its user-friendly platform and strong regulatory backing. The platform’s intuitive WebTrader and mobile app make trading accessible and convenient, particularly for beginners. With a solid reputation built over a decade and robust security measures, BDSwiss provides a secure environment for trading cryptocurrency CFDs. However, it’s important to remember that while the platform is excellent for those starting out, more advanced traders might find the limited range of cryptocurrencies somewhat restrictive. Overall, BDSwiss is a reliable choice for anyone looking to venture into crypto trading with confidence.

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 review

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.