Cryptocurrency Trading 2021 – Tutorial and Brokers
Cryptocurrency trading has boomed in recent months. High volatility and trading volume in cryptocurrencies suit short-term trading very well. Here we provide some tips for day trading crypto, including information on strategy, software and trading bots – as well as specific things new traders need to know, such as taxes or rules in certain markets. We also list the top crypto brokers in 2021 and show how to compare brokers to find the best one for you.
Crypto Brokers Brokers
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IG
- Please check all terms and conditions. 71% of retail investor accounts lose money when trading spread bets & CFDs with this provider.
Cryptocurrency
Yes
MT4 Integration
Yes
MT5 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
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Interactive Investor
- Please check all terms and conditions.
Cryptocurrency
No
MT4 Integration
Yes
MT5 Integration
no
Min. Deposit
$0
Min. Trade
0.01 lots
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Etoro
- Please check all terms and conditions.
Cryptocurrency
Yes
MT4 Integration
Yes
MT5 Integration
Yes
Min. Deposit
$100
Top Brokers
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How To Trade Cryptocurrency
- Decide if you want to own the cryptocurrency, or simply have a hunch that it’s value will go up or down.
- If you want to own the currency, you need an exchange – Try BitMex – It is a simple, user friendly app
- If you want to speculate on the price, you need a broker. Check the cryptocurrency brokers list above.
- Fund your account
- Buy the Cryptocurrency you want, or open a trade on it’s price.
Congratulations, you are now a cryptocurrency trader! Remember, you can run through the purchase or sale of cryptocurrencies on a broker demo account. Unfortunately, you cannot practise on an exchange.
Trading crypto generally revolves around speculating on it’s price, rather than owning any of the actual coins. For this reason, brokers offering forex and CFDs are generally an easier introduction for beginners, than the alternative of buying real currency via an exchange.
