Best Cryptocurrency Trading Platform 2021

Published: February 24, 2021 by Andrew

This guide is dedicated to the best Cryptocurrency Trading Platform. Cryptocurrencies are the big news of the last few years, one of the financial assets that have generated profits faster in history.

Many novice traders are approaching cryptocurrency trading right now. Unfortunately, they do not always use the right tools and can fall into the traps set by unauthorized platforms or, even worse, by systems that promise easy earnings and that are actually real scams.

In this guide we explain in detail what are the characteristics of a good Cryptocurrency Trading Platform and also review some of the best, such as eToro and ForexTB.

List of the Best Cryptocurrency Trading Platforms

Platform: etoro
Min. Deposit: 50€
License: Cysec
  • Social Trading (Copy the best)
  • Simple and intuitive
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: xtb
    Min. Deposit: 100€
    License: Cysec
  • Free demo
  • Whatsapp Group
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: iqoption
    Min. Deposit: 10€
    License: Cysec
  • Free demo without limitations
  • Minimum deposit low
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: ubrokers
    Min. Deposit: 250€
    License: Cysec
  • Free Training
  • Zero Commissions
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: trade
    Min. Deposit: 100€
    License: Cysec
  • Free demo
  • Free course trading
  • ➥ Start
    1star 1star 1star 1star 1star
    72.30% of retail CFD accounts lose money
    Platform: forextb
    Min. Deposit: 250€
    License: Cysec
  • Free trading course
  • Free trading signals
  • ➥ Start
    1star 1star 1star 1star 1star

    We publish above the list where you can find one of the best cryptocurrency trading platform. We have selected only authorized and regulated platforms because they are the only safe ones.

    This type of platforms, in fact, operate according to the strict European legislation which has the primary objective of protecting investor money. An authorized platform is constantly monitored by the competent supervisory authorities.

    Among all the secure platforms, we have taken care to choose only those that are easy to use, even for a beginner, and completely free (zero commissions).

    eToro

    Many beginners consider eToro to be the best choice to start trading cryptocurrencies without errors.

    It is a particularly easy platform to use, even for those who have never dealt with trading or cryptocurrencies.

    The main strength is the ability to copy, in a completely automatic way, what other traders are doing.

    eToro, in fact, has developed a patented software (Copytrader) that allows you to identify the best traders, those who have earned the most with the least risk, and copy them automatically. Once the traders to be copied have been chosen, the software takes care of replicating their operations in real time.

    This system has a double advantage: it allows you to immediately obtain results (the same as the best traders in the world) and also allows you to learn cryptocurrency trading by observing live what the best are doing.

    You can sign up for free on eToro by clicking here

    ForexTB

    ForexTB is the other great opportunity for those who want to start trading cryptocurrencies without problems and without errors.

    Surely it provides one of the simplest and most intuitive interfaces, accessible even to those who really start from scratch. All members receive free phone assistance from a true cryptocurrency expert who provides precise information on what to do. Getting it wrong is literally impossible.

    Those who want to have the opportunity to download a truly exceptional ebook that explains, in simple language, how to make money by trading cryptocurrencies or other financial securities.

    This guide has been a resounding success, with hundreds of thousands of downloads, because it is free (the other guides are paid and can cost a lot), also suitable for beginners and, above all, very useful since it explains exactly what you need to know to earn without wasting time with theory. You can download the guide by clicking here.

    ForexTB is completely free and commission free. It is possible to use an unlimited and unconstrained demo account, perfect for gaining experience with cryptocurrencies without any kind of risk.

    You can sign up for free on ForexTB by clicking here

    Iq Option

    Iq Option is a trading platform that allows you to operate on cryptocurrencies but also on all major financial assets. One of the main advantages of Iq Option is the possibility to start trading with a capital of just 10 euros (the other selected platforms require a capital of between 100 and 250 euros, which is not much anyway).

    Iq Option opens the doors of trading even to the less experienced not only because the required capital is really negligible but also because it is very simple to use.

    Those who want to learn cryptocurrency trading (or trading in general) have the opportunity to access a truly spectacular educational area, with hundreds of free video courses. These video courses explain online trading starting from the basics up to the most complicated concepts.

    Iq Option also provides an excellent demo platform, unlimited, free and without restrictions, perfect for risk-free tests and experiments (even testing cryptocurrency market movers).

    You can sign up for free on Iq Option by clicking here

    Cryptocurrency Trading Platform or Exchange?

    The profits generated by cryptocurrencies over the years have been very high. Many people who may have never traded in their life have approached trading precisely with the aim of making money with cryptocurrencies.

    Unfortunately, however, not everyone went well, on the contrary: there are people who have been able to obtain very high profits, even starting from scratch, and others who have found themselves with nothing.

    What is the difference between those who have lost and those who have gained? Often this difference is represented by the tools used to trade cryptocurrencies.

    The trading platforms we have talked about so far are authorized and regulated, so they must comply with the same regulations that any European financial intermediary follows. In practice, these platforms are as safe as a bank.

    Among other things, the best trading platforms for cryptocurrencies (which we have included in our table) also allow you to operate on traditional financial stocks such as shares.

    The situation of cryptocurrency exchanges is quite different: in this case they operate outside of any regulation and therefore the risks for the trader are significantly high.

    Indeed, in the course of the short history of cryptocurrencies, numerous failures and scams related to exchanges have already occurred (just remember the disastrous failure of MtGox in 2013).

    Problems with Cryptocurrency Exchanges

    But the problems aren’t limited to insecurity, ongoing failures and scams.

    Operating with trading platforms also allows many other advantages:

    • Exchanges charge fees, trading platforms do not.
    • Exchanges usually only allow you to buy Bitcoin directly. To buy emerging cryptocurrencies, you must always buy Bitcoin first.
    • With the trading platforms, however, it is possible to buy any listed cryptocurrency using euros directly.
    • Exchanges allow a profit only when the value of the cryptocurrency rises. With trading platforms, however, you can always earn, both when the value rises and when it falls.

    Make Money when Cryptocurrencies fall

    This last feature is extremely interesting. Many think that to make money with cryptocurrencies you have to buy when the price is low and resell when it is high.

    Obviously it’s a technique that works (it’s the most obvious) but cryptocurrencies are particularly volatile and there may be times when the price goes down. How can you make money under these conditions?

    The best trading platforms for cryptocurrencies also offer another opportunity: short selling cryptocurrencies.

    Short selling is a speculative operation that allows you to earn when the value of a financial security falls. Selling Bitcoin short, for example, generates a profit when Bitcoin’s value falls.

    It is therefore possible to earn both when the price of Bitcoin rises and when it decreases: all that needs to be done is reliable Bitcoin price forecast.

    Obviously this does not apply to those who operate by copying the best on eToro or following reliable trading signals.

    Cryptocurrency Trading Platform for Beginners

    We have taken special care in selecting only cryptocurrency trading platforms that are easy to use even for a beginner. In particular, we have chosen platforms that provide an intuitive interface but also support systems for the less experienced.

    Just to give an example, eToro we have already talked about offers the possibility to automatically copy the best traders (which is also a system for learning quickly).

    ForexTB and Trade.com offer complete guides, ForexTB in the form of an ebook while Trade.com in the form of a video-course (click here to enter the Trade.com video course for free).

    Another element we have considered to make our choice of the best platforms is represented by the capital needed to start.

    We have carefully selected the platforms that require a low initial capital, between 10 euros (in the case of Iq Option) and 200 euros (usually the required capital is 100 euros).

    This way even beginners who have a small capital can trade Bitcoin and other cryptocurrencies without any problems.

    Why is it possible to trade with such small amounts with these platforms? There are two main reasons.

    The first is the absence of commissions: in this way the entire capital can be used for trading.

    The second is the ability to use leverage which multiplies the potential profits of trading.

    cryptocurrency platforms

    Conclusions

    In this guide we have reviewed some of the best platforms for trading cryptocurrencies. We have exclusively selected trading platforms that are safe (licensed and regulated), easy to use and commission free. All the platforms we have reviewed are also suitable for beginners who start from scratch and do not want to take the risk of making mistakes:

    Platform: etoro
    Min. Deposit: 50€
    License: Cysec
  • Social Trading (Copy the best)
  • Simple and intuitive
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: xtb
    Min. Deposit: 100€
    License: Cysec
  • Free demo
  • Whatsapp Group
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: iqoption
    Min. Deposit: 10€
    License: Cysec
  • Free demo without limitations
  • Minimum deposit low
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: ubrokers
    Min. Deposit: 250€
    License: Cysec
  • Free Training
  • Zero Commissions
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: trade
    Min. Deposit: 100€
    License: Cysec
  • Free demo
  • Free course trading
  • ➥ Start
    1star 1star 1star 1star 1star
    72.30% of retail CFD accounts lose money
    Platform: forextb
    Min. Deposit: 250€
    License: Cysec
  • Free trading course
  • Free trading signals
  • ➥ Start
    1star 1star 1star 1star 1star
    What features should a cryptocurrency platform have?

    First it must be regulated, then it must not charge fixed commissions and must offer a Demo account to practice.

    Are CFD platforms or exchanges better?

    Without a doubt the CFD platforms. They are regulated (unlike exchanges) and do not charge fees. In addition, they also allow you to sell short.

    What are the best crypto brokers in Europe?

    For the quality of the service offered, the choice of cryptocurrencies and spreads, the best are undoubtedly eToro and ForexTB.

    What regulations should a cryptocurrency platform have?

    In general, all European regulations are valid: FCA, CySec, Cnmv and our Consob above all. With at least one of these 4 authorizations we can consider the Broker to be reliable.

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