This article is about where to trade Bitcoin. The price of Bitcoin has reached the all time high value of $68,000 since it was launched. This kind of price movement attracted traders to ride the waves to profit. So, if you want to be one of the traders investing in Bitcoin, you can trade if you have the trading sense and know where to trade Bitcoin.
Where to trade Bitcoin
Traditional brokers have the advantage of offering a wide selection of investible securities, though typically you can't trade Bitcoin directly, only futures. Meanwhile, crypto exchanges are limited to digital currencies, though you can own the currencies directly and can often rather than simply Bitcoin or Bitcoin futures, as you would with a general broker. And services like Cash App and PayPal have also gotten in on the act, allowing US users to buy and sell cryptocurrencies.
Here are the trading exchange platforms for cryptocurrency trading, including traditional online brokers, as well as a new specialized cryptocurrency exchange.
Top platforms to trade Bitcoin
Robinhood
Robinhood is a great option for buying cryptocurrency directly. You'll also get to take advantage of Robinhood's wildly popular trading commissions: $0 per trade, or commission-free, though you'll still be paying a built-in spread markup on any trades .
Interactive Brokers
Interactive Brokers lets you trade four cryptocurrencies directly, including Bitcoin and Ethereum, for one of the lowest commissions in the market. Customers can also access 24/7 crypto trading through an associated app with Paxos Trust Company. Plus, IBco allows you to buy in Bit and Ethereum futures rather than owning the currencies directly.
Kraken
Kraken is a cryptocurrency exchange that allows you to trade in dozens of different digital currencies such as Bitcoin and Ethereum, as well as emerging ones such as Cardano and Solana. You'll pay a 1.5 percent fee, or 0.9 percent for stablecoins, plus add Fees if you're using a card and funding through a bank.
Coinbase
Coinbase is a specialized cryptocurrency-focused platform that allows you to trade digital currencies directly, including Bitcoin, Ethereum, Solana and Tether. In total, you'll have access to more than 100 cryptocurrencies. You'll also be able to store your coins in a vault with time-delayed withdrawals for additional protection.
eToro
eToro offers cryptocurrency trading commission-free, but like many other brokers it charges a spread based on the cryptocurrency being traded. You'll pay a markup of 75 basis points for Bitcoin.
Binance
Binance is a specialized trading platform that allows you to buy and sell digital currencies, including the largest such as Bitcoin and Ethereum but also dozens of other much smaller coins, too. In total, you'll have access to around 60 cryptocurrencies.
BitKan
BitKan has the best price via smart routing to Binance, Huobi, OKEx and many more leading exchanges. BitKan has always regarded security as top priority. The security team is dedicated to refining and developing stringent state-of-the-art security measures. Committed to safeguarding the security of users and trading infrastructure. To date, BitKan has provided digital asset services to over 5 million users in 170 different countries worldwide.
Bottom Line
If you know the trading strategies, it will not be difficult for you to get profit from Bitcoin trading. All you need is to know where to trade Bitcoin and top platforms to trade Bitcoin.
