Best Brokers With Bitcoin Deposits
Choosing the best brokers with Bitcoin deposits can be a difficult task. This is because Bitcoin is one of the most popular cryptocurrencies on the market, and there is a wide array of brokers that accept Bitcoin deposits. Nevertheless, all brokers are different platforms offering different features and amenities. Moreover, not all brokers are reliable, and many leave you subject to hidden/excessive fees. Luckily, it is easier than ever to conduct the research required to find some of the best brokers accepting Bitcoin deposits. Here is our list of seven of the top ones.
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How long do bitcoin deposits take to process?
Bitcoin deposits can take anywhere from 10 minutes to an hour in most cases. Some brokers process them faster than others.
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What fees are associated with bitcoin deposits?
Most brokers do not charge fees for bitcoin deposits, but you will face network transaction fees when sending your deposit from your wallet.
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Can I earn interest on my bitcoin through brokers?
Some brokers now offer ways to earn interest on bitcoin holdings through lending programs or staking rewards. Rates vary significantly.
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Is bitcoin account funding anonymous?
While bitcoin allows pseudo-anonymous transactions, regulated brokers comply with KYC and AML regulations requiring account verification.
Top 7 Brokers Accepting Bitcoin
Are you searching for the top brokers accepting Bitcoin? Here are 7 of our top picks:
Eightcap
Eightcap offers more than 800 trading instruments, namely CFDs [contract for (price) differences] on currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals. The broker has a minimum deposit of $100, a free demo account, and two live account types, which differ in trading costs. One account type has standard spreads without a fee, and the other has raw spreads that carry a brokerage fee. The maximum leverage is 1:500. Traders can use any strategy with minimal restrictions. Trading is carried out through MetaTrader 4, MetaTrader 5, and TradingView. Eightcap has two main features. First, the broker has a powerful training and analytical base. Second, the platform offers a number of unique tools, for example, Capitalise.ai, which provides automated trading with minimal risk. At the same time, there are no options for passive income, not even a referral program.
Exness
The Exness brand is known worldwide due to its profitable trading conditions, high-security level, and wide range of financial instruments. It focuses on trading CFDs, especially currency pairs. Cryptocurrencies, commodities, stocks, and derivative stock indices are also available. Exness offers account types for novice traders, more experienced traders, and professionals. It allows traders to use a variety of strategies including passive ones, such as copy trading and algorithmic trading. The proprietary Exness platform for social trading is used by over 20,000 investors globally. The broker’s activities are legal and its services are available in over 130 countries. Exness is supervised by 8 financial commissions, including CySEC (Cyprus, 178/12), one of the strictest European regulators, and FCA (UK, 730729), FSA (Seychelles, SD025), FSC (BVI) SIBA/L/20/1133, CBCS (Curacao, 0003LSI), FSCA (South Africa, 51024), and CMA (Kenya, 162). The broker offers demo and cent accounts for novice traders, as well as standard and ECN account types for experienced traders.
Bybit
The Bybit cryptocurrency exchange first appeared in 2018. It is a standalone derivatives trading platform with inverse and perpetual futures contracts with up to 1:200 leverage. Quarterly USD futures are available at Bybit in combination with BTC, ETH, XRP, EOS, LTC, and multiple tokens. There is a linear futures contract on BTC/USDT. The exchange has several technological advantages: it provides for mutual insurance of market participants against possible sharp price movements. There are offsets for long and short positions, and there is market depth.
OKX
OKX (aka OKEX) is an international cryptocurrency exchange that has been providing financial services since 2017. On the OKX platform, you can buy and sell cryptocurrencies and earn money by storing tokens and providing funds for margin trading. The cryptocurrency exchange offers over 100 cryptocurrencies such as BTC (₿), LTC (Ł), ETH (Ξ), XRP, etc.), several ways to make passive income, and a base with educational materials.
XT.com
The XT.com exchange is a platform for P2P exchange and cryptocurrency sales, including derivatives and margin trading. This is also an exchange for fiat funds. The peculiarity of the cryptocurrency exchange is that it issues its proprietary cryptocurrency and provides users with software for mining. Bitcoin, Ethereum, Litecoin, Tether, Tron, Ripple, and other cryptocurrencies are traded on the website, with over 120 instruments provided here in total. There are tokenized assets. The leverage can be up to 125x depending on the selected asset. Any strategy can be used on the cryptocurrency exchange, including scalping. There are stop loss and profit functions. The storage method for cryptocurrencies is cold. Replenishment and withdrawals are possible from bank cards and accounts to bank cards and accounts. A standard affiliate program and special bonuses for blockchain members are offered.
FTMO
FTMO is an international proprietary trading company created in the Czech Republic in 2014. The platform brings traders into its fold and after traders successfully pass a two-step testing regime, FTMO transfers 400 thousand dollars to the trader’s account. Transactions are monitored by FTMO to grow the deposit. There is a payment of 80% at the first stage of real trading. The 90% Profit Split is available only to those FTMO Traders that have reached Scaling Plan. The company works in full accordance with European financial legislation and is under the local regulator.
Forex4you
The broker Forex4you started in 2007. The company provides a full range of active and passive trading services in the Forex market. The company runs its operations in the British Virgin Islands, under the license BVI FSC (license number SIBA/L/12/1027). Forex4you is committed to responsibility and professionalism. In 2018, according to Le Fonti, the company was awarded the ‘Best Broker’ which is the highest award achievable, and prior to this it has consistently won and received nominations for awards including ‘Forex Broker of the Year’ and ‘Best Service Quality’ nomination. Read more about Forex4You Available Countries.
Is a Broker with a Bitcoin Deposit a Good Idea?
Choosing a broker that accepts Bitcoin can be a great idea in certain instances. This is because using brokers that accept Bitcoin can be an excellent move for those who have already invested in Bitcoin and may be interested in trying new brokers to make additional investments. Alternatively, using Bitcoin may also mean that you lose an excess of your money on conversion. When dealing with most brokers, you must pay a percentage to convert your Bitcoin to USD for trades. Therefore, it is highly advisable to take time to learn about the fees for each platform and ensure you are factoring them into your overall investment budget.
What are Bitcoin-Friendly Brokers?
In case you’re unfamiliar, Bitcoin-friendly brokers are brokers that allow users to make investments using Bitcoin. Moreover, given that they also accept Bitcoin deposits, they can be very helpful in helping investors save money on conversion fees.
10 Best Crypto to Buy NowHow to Choose a Broker Accepting Bitcoin?
When it comes to choosing the best broker that accepts Bitcoin, there are lots of platforms to choose from. Here are a few to consider when selecting the best broker that accepts Bitcoin.
Reliability (Regulation, Trust level)
There are lots of Bitcoin-friendly brokers available. However, many are newer brokers or brokers with higher fees, security risks, and more. You want to choose well-regulated brokers that have a high level of privacy.
Supported Crypto Assets
Choosing the best broker accepting Bitcoin deposits means finding out which crypto assets are supported. There are many brokers to choose from, but they all support a selection of crypto assets based on their goals and demographics. This means if you are searching for specific crypto assets, you should figure out which platforms offer them and the benefits and features offered by each.
Crypto Fees
To choose brokers accepting Bitcoin deposits, you should find out how much they charge in terms of fees. All platforms are different; some brokers will have higher fees than others. These fees can affect your trades and how much money you collect.
Passive Income Options
Lastly, many Bitcoin-friendly brokers offer an array of passive income options. However, these options are not guaranteed. For example, suppose you have preferences in terms of which passive income options you subscribe to. In that case, you will definitely want to ensure the broker you choose offers the passive income opportunities that resonate with you most. Otherwise, you may choose a platform that does not provide the passive income opportunities you are most interested in.
Bitcoin Price Prediction 2024, 2025, 2030 - Will BTC Go Up?How to Deposit Bitcoin to Your Broker’s Account?
Choose Your Platform: Before depositing Bitcoin into your broker’s account, you should take some time to decide which broker you want to use.
Select Bitcoin: Next, you will want to navigate to the ‘deposit’ section. From there, you will most likely find a drop-down menu that enables you to choose from various currencies and cryptos. Select Bitcoin from this menu and prepare to make the deposit.
Enter Deposit Amount: Next, you need to select the amount to deposit you will be making.
Complete the Deposit: You must hit Send/Transfer to complete the transaction.
Methodology for compiling our ratings of crypto exchanges
Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Exchanges are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Exchanges are assessed based on the variety, quality, and features of platforms offered to clients.
Extra services. Unique value propositions and useful features that provide traders with more options for yield generation.
Other factors like brand popularity, client support, and educational resources are also evaluated.
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Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.