The best online platforms for Bitcoin trading are TradeStation, Coinbase, eToro, Kraken, Bittrex, Gemini, and Robinhood. Non-US-based traders prefer the powerful platform at TradeStation. Bitcoin traders based in the US choose Robinhood for its zero-fee trades. Beginner Bitcoin traders prefer Coinbase for its simplicity.
Each online platform has its strengths and weaknesses. This article discusses the best Bitcoin trading platform in 2021.
The 7 Best Bitcoin Trading Platforms In 2021
We use a Trust Score Ranking system to review online Bitcoin platforms. The platforms listed in this article have the best Bitcoin trading services:
- TradeStation: has the best web-based trading platform for Bitcoin.
- Coinbase : has the best trading platform for beginner traders.
- eToro: has the best social trading for Bitcoin.
- Kraken : offers the Maker-Taker fee schedule.
- Bittrex : has the most Altcoins.
- Gemini : is the most secure Bitcoin exchange.
- Robinhood : is the best bitcoin platform for US residents.
01. TradeStation: Best Web-based Trading Platform
TradeStation is a technology leader in trading cryptocurrency with an excellent web-based platform for casual traders. It offers an award-winning desktop platform for active traders. This platform lets you buy, sell, and trade Bitcoin, Ethereum, Litecoin, and XRP.
TradeStation has a simple pricing structure. Account balances below $100,000 have a 0.50% maker fee and a 0.50% taker fee. Account balances over $100,000 pay a 0.25% or 0.125% fee depending on account size.
02. Coinbase: Best Trading Platform For Beginners
Coinbase is the largest US-based cryptocurrency exchange with a straightforward platform. It’s popular because of its easy-to-use website and trading platform, Coinbase Pro. Coinbase supports 14 different cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Litecoin.
The recent Coinbase IPO brought cryptocurrencies to the forefront of the US market. The Coinbase valuation reached US$99 billion in 2021.
The standard trading fee at Coinbase is 1.49%. If you trade Bitcoin by selling another cryptocurrency in your wallet, the typical cost is 0.50%.
03. eToro: Lowest Bitcoin Trading Fees
eToro offers low cryptocurrency fees and crypto-asset withdrawals using a dedicated eToro wallet. Each cryptocurrency has a unique minimum withdrawal fee. The smallest Bitcoin withdrawal amount is 0.0086BTC, and its fee is 0.0005 units. eToro has a conversion fee of 0.1% set to market rates.
eToro is the leading social trading broker for cryptocurrencies offering 16 different crypto coins. Social trading with cryptocurrencies at eToro functions the same as with forex social trading. Search for a trader with a portfolio you want to follow and click “Copy.”
04. Kraken: Best Fee Schedule
Kraken provides access to 18 different cryptocurrencies, including Bitcoin, Ripple, and Dash. It offers a trustworthy web platform but has no mobile app. Kraken stands out among competitors because of its affordable fee schedule called Maker-Taker.
The Maker-Taker schedule incentivizes larger trading volumes through discounts. For example, traders with a monthly average volume over US$50,000 will pay US$2.60 in fees per US$1,000 in trading volume.
05. Bittrex: Best Altcoin Offering
Founded in Seattle in 2014, Bittrex offers 100 tradeable cryptocurrencies, including the industry-standard Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). Bittrex is a web-based trading platform which means there is no mobile or desktop trading programs.
Bittrex has a straightforward pricing structure with a flat fee of 0.25% on all trades. This flat fee is excellent for low-volume traders, but high-volume traders should look at Kraken.
06. Gemini: Most Secure For Trading Cryptocurrency
Gemini allows users to buy, store, and sell many cryptocurrencies, including Ethereum, Bitcoin, and Dogecoin. Gemini is one of two licensed digital asset exchanges in this article (Coinbase is the other).
Gemini is the highest-priced cryptocurrency exchange available today with fees of 1.49%.
07. Robinhood: Best Bitcoin Platform For US Residents
Robinhood Crypto doesn’t charge a commission for crypto trades, and using the app is free. Robinhood is an online broker with a dedicated crypto platform, Robinhood Crypto. It lets users trade Bitcoin, Ethereum, Dogecoin, Ripple, and many other coins.
Professional traders enjoy the ability to create Watch Lists that mix traditional assets and cryptocurrencies. Robinhood makes money from its Robinhood Gold subscription, which offers improved trading tools.
TradeStation, Coinbase, eToro, Kraken, Bittrex, Gemini, and Robinhood are the best online platforms for Bitcoin trading in 2021. Our top choice is TradeStation because of its reliable web-based platform. eToro offers world-class social trading for Bitcoin and is a top choice for traders of all experience levels. Gemini has the highest fees and the highest safety rating.
Frequently Asked Questions
We review each online platform with real accounts and money. Our results depend on 105 criteria, including safety, fees, and cryptocurrency availability.
How We Identify A Reliable Online Platform For Bitcoin Trading?
Account security is an essential aspect of our research. We select the best online platforms for Bitcoin trading after in-depth analysis. Fees and customer service are some of the main elements we test.
Safety Risks For Bitcoin Trading
Bitcoin is volatile and unregulated, which brings with it tremendous risk. Choose a provider with robust security, cold storage, and safe wallets. Read our in-depth reviews to discover the best online platform.
What Is The Financial Regulatory Authority For Bitcoin?
Crypto assets, including Bitcoin, have no underlying commodity or tangible asset. These coins have no intrinsic value and fall outside financial regulation. If you lose money, few countries allow claims to their local Financial Services Compensation Scheme. Refer to your local authorities for rules and restrictions.
How We Chose The Best Online Platforms For Bitcoin Trading?
We chose the top online platforms for Bitcoin trading after in-depth research. We use 105 criteria including:
Costs: A reliable Bitcoin trading provider has a transparent fee policy. Some have higher fees than others. Check our in-depth reviews to learn about the “all-in costs” of each online trading platform.
Account: Online trading firms have distinct account types. Some online platforms for Bitcoin trading offer a single account type. Others have several account tiers. Read about account types in our in-depth reviews.
Withdrawal and deposit: Withdrawing and depositing funds should be simple. Some providers have a small deposit fee. Others won’t request an initial deposit. Verify which platform has the best withdrawal and depositing process in our in-depth reviews.
Market and products: Market and products differ from provider to provider. Read about online trading and Bitcoin in our in-depth reviews.
Trading platforms: A good trading experience depends on the trading platform. Select an online trading provider with a user-friendly platform. The online platforms mentioned in this article are excellent but might be challenging for beginners. Read our in-depth reviews to discover which platform is best for your trading experience.
- 1 The 7 Best Bitcoin Trading Platforms In 2021
- 1.1 01. TradeStation: Best Web-based Trading Platform
- 1.2 02. Coinbase: Best Trading Platform For Beginners
- 1.3 03. eToro: Lowest Bitcoin Trading Fees
- 1.4 04. Kraken: Best Fee Schedule
- 1.5 05. Bittrex: Best Altcoin Offering
- 1.6 06. Gemini: Most Secure For Trading Cryptocurrency
- 1.7 07. Robinhood: Best Bitcoin Platform For US Residents
- 2 Final Verdict
- 3 Frequently Asked Questions
- 4 How We Chose The Best Online Platforms For Bitcoin Trading?