Finding a reputable online broker is harder than it should be. We built BrokerNotes to provide traders with the information needed to make choosing a suitable broker easier and faster.

Finding a reputable online broker is harder than it should be. We built BrokerNotes to provide traders with the information needed to make choosing a suitable broker easier and faster.

Looking for brokers for trading bitcoin? We have compared12broker accounts (out of 147) that are suitable for you below.

BrokerNotes is the fastest way to compare 100+ of the best regulated online trading brokers, so that you can find a reputable and affordable broker faster.

While our site is free to use, some links to brokers use affiliate links which means that – at zero cost to you – we may earn a commission if you sign up for a broker from our site.

77% of retail investor accounts lose money when trading CFDs with this provider.

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

80.6% of retail investor accounts lose money when trading CFDs with this provider.

70% of retail investor accounts lose money when trading CFDs with this provider

71% of retail investor accounts lose money when trading CFDs with this provider.

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

83% of retail investor accounts lose money when trading CFDs with this provider.

67% of retail investors lose money when trading spread bets and CFDs with this provider.

71.36% of retail investor accounts lose money when trading CFDs with this provider.

83% of retail investor accounts lose money when trading CFDs with this provider

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

Bitcoin has gone from theory to accepted financial instrument very quickly, with many retailers, businesses and payment processors now accepting bitcoin. However, while bitcoin and other cryptocurrencies can be very attractive to some, they also come with their own unique levels of risk and controversy. In this article we will be providing an overview of what bitcoin is, how it works from generation to valuation, and why it has become a popular financial instrument for traders.

While bitcoin itself is not yet regulated by theFCA(although there are reportsit may be soon), it is possible to use a regulated broker when trading bitcoin. In the past there have been a number of examples of the compromise and collapse of high-profile bitcoin websites, which has led to the loss of considerable amounts of bitcoins. This can mean that the trust and reliability of the broker is arguably more valuable when trading bitcoin than any other currency.

See a list of regulated brokers totrade bitcoin with here.

AvaTrade is a regulated broker that allows you to trade bitcoin with the popularMetaTrader 4platform alongside healthy leverages of up to 1:400. Another benefit of trading with AvaTrade is that a minimum deposit of only $100 dollars is required to open an active trading account.

AvaTrade currently allows all members to deposit funds via Bitcoin and PayPal as well as standard options such as wire transfers and credit cards

You can learn more about the pros and cons in ourAvaTrade review.

XTBscored best in our review of the top brokers for trading bitcoin, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:

XTB offers three ways to tradeForex, CFDs, Social Trading. If you wanted to trade BITCOIN

The two most important categories in our rating system are the cost of trading and the brokers trust score. To calculate a brokers trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

trust score, which is . This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 16

Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14)

Want to see how XTB stacks up against eToro and Plus500? Weve compared their spreads, features, and key information below.

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Payoneer, Credit cards, Bank transfer, PayPal, Neteller, DebitCard,

Payoneer, Credit cards, Bank transfer, PayPal, Neteller, Skrill, WebMoney, UnionPay, Giropay,

Bitcoin is a decentralised cryptocurrency that, while it can be used to pay for goods and services like any other regular currency, is unique in many ways. For example, there is no central authority governing or regulating bitcoin and, while it is not backed by any precious metal or government, there is a finite supply. Anyone with a computer can mine bitcoin, although that is typically handled by dedicated server farms, with the currency then stored in anonymous and protected digital wallets.

Bitcoin is generated by being mined. Rather than having a government or resource backing the currency, bitcoin is defined by an algorithm that has been designed to have both a finite supply and a fixed rate at which it can be mined. This means it is possible to know roughly how much bitcoin there can ever be, and the defined mining rate determines how much bitcoin has been generated and therefore how much bitcoin is in circulation that can be traded.

Mining bitcoin involves discovering blocks. Blocks are permanently recorded data stores that form one piece of a blockchain, which is a shared record of all transactions that cannot be amended or removed once a block is accepted. The blockchain can only have additional blocks added to it once they are discovered. Mining bitcoin means discovering new blocks, which were developed in such a way that each block requires solving a mathematical puzzle to discover. The puzzle is specifically crafted to take time to solve but, once a solution is found, it is quick to verify. Each time a miner solves a puzzle, they are rewarded with bitcoin and this is how new bitcoins enter circulation.

Bitcoin are stored in digital bitcoin wallets and it is from your wallet that you can send or receive bitcoin. Unlike a bank account, wallets are completely anonymous and the only proof that someone owns a particular wallet is by knowing the password. If you lose the password, there is no way to recover any bitcoin stored in it. There has beenseveral high profile casesof people losing millions after throwing out hard drives containing their bitcoin wallet passwords. This makes wallet security a high priority for bitcoin owners. Anyone is free to set up their own wallet and you can do this yourself or you can use third party websites and products that offer wallet services; however, you entrust the security of your wallet to their services.

Bitcoin is not a fiat currency, nor is it backed by any precious metal, so determining its value is somewhat different to most other currencies and the very nature of it means it is subject to volatility. Bitcoin can be influenced by factors outside the fundamental influences which impact the forex markets. The value of bitcoin is influenced heavily by speculators, government regulations and its adoption by mainstream corporations as a valid payment option.

Bitcoin wasfirst introducedto the world on October 31, 2008 in a paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System, with the cryptocurrency first made widely available by January 3, 2009.

As the blockchain is a permanently accessible record of all bitcoin transactions this is very easy to track. A typical day seesbetween 250,000-350,000 transactions.

What was the first broker to accept bitcoin for deposit/withdrawals?

One of first brokers to accept Bitcoin for deposits/withdrawals wasFX Primus.

Plus500was one of the first regulated brokers to offer Bitcoin as a financial instrument.

Want to trader other cryptocurrencies? You can read more cryptocurrency broker comparisons here:

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Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.