The first cryptocurrency, Bitcoin, was created in 2009. It is the most well-known digital currency and it is supposedly introduced by a person by name Satoshi Nakamoto. The popularity of Bitcoin paved the way for the introduction of several cryptocurrencies such as Ethereum, Ethereum Classic, Litecoin, zCash, Dash, and Monero.
Cryptocurrencies are useful in many ways. It makes it easy for a company or an individual to transfer funds other parties, especially in the case of trans-border transactions. Transfers are secure and instantaneous. It also helps to eliminate the hefty fees charged by banks that facilitate such transfers.
Blockchain technology is the backbone of these digital currencies. The blockchain can be considered as an online ledger and it provides users of digital currencies with a complete record of each and every transaction that is executed. Its comprehensive data structure poses a threat to hackers as the transactions are replicated on all the computers that use the applicable digital currencies.
Top 10 Trusted Cryptocurrency Trading Sites
| Broker | Info | Bonus | Open Account |
|---|---|---|---|
 | Min Deposit: $5 Spread: From 0.2 Pips Leverage: 500:1 Regulation: FSA (Saint Vincent and the Grenadines), CySEC | 50% Deposit Bonus, Real contest 1st prize Luxury car BMW X5 M, Copy trading, Trade&Win. | Visit Broker |
 | Min Deposit: $1 Spread: From 0 Pips Leverage: 3000:1 Regulation: CySEC, IFSC | $100 No-Deposit Bonus, 100% Deposit Bonus | Visit Broker |
 | Min Deposit: 0 Spread: Non-Spread, Fee 0.1% Per Trade Leverage: Non-Leverage Regulation: - | Visit Broker | |
 | Min Deposit: $1 Spread: From 0 Pips Leverage: 2000:1 Regulation: FCA UK, CySEC, FSP, BaFin, CRFIN | 35% of the account Deposit | Visit Broker |
  | Min Deposit: $100 Spread: Starting 0 Pips Leverage: up to 400:1 Regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA | Visit Broker | |
 | Min Deposit: $300 Spread: floating, from 0 pips Leverage: 500:1 Regulation: FCA UK reference number 579202 | Visit Broker | |
 | Min Deposit: $200 Spread: Starting 0 Pips Leverage: 500:1 Regulation: ASIC Australia, FCA UK | Visit Broker | |
 | Min Deposit: no minimum deposit Spread: 1.2 pips Leverage: 50:1 Regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC | Visit Broker | |
 | Min Deposit: $200 Spread: From 3 Pips Leverage: 400:1 Regulation: NFA, FCA, CySec | Visit Broker | |
 | Min Deposit: $100 Spread: Starting 0 Pips Leverage: up to 500:1 Regulation: FCA UK, ASIC Australia, MAS Singapore | Visit Broker |
Cryptocurrency trading is similar to forex trading. Instead of trading Euros against US dollars, you would trade altcoins or cryptocurrencies against the US dollar or another fiat currency. Cryptocurrency trading is by far the best alternative to mining. This is because you don’t have to invest in expensive mining hardware or cloud mining.
It is easy to get started in trading cryptocurrencies as it is a straightforward process. However, finding the best cryptocurrency trading site is the most difficult job. There are ever so many sites available on the Internet today and choosing the right one can be a slightly challenging task. We have evaluated some of the cryptocurrency trading platform providers, both cryptocurrency exchanges, and forex broker sites, on the basis of the following parameters so that it is easy for you to identify the best site you can work with:
- Regulation
- Customer Service
- Account Types
- Currency Pairs
- Platform Type
- Reputation
- Fees
- Payment Methods
- Verification Requirements
- Geographical Restrictions
- Exchange Rate
Of course, you need to do some more in-depth research prior to signing up with any one of them.
Having said that here are some of the best crytocurrecy trading sites that you can consider working with:
#1: eToro
eToro, a multi-asset and social trading brokerage, has registered offices in Israel, the UK and Cyprus. The brokerage has a worldwide reach and is regulated in all the markets.
RetailFX came into existence in 2006 in Tel Aviv. eToro OpenBook was set up in 2010 with the copy trading feature as a social investment platform, enabling traders to follow, view, and replicate the trades of top investors in the network.
eToro boasts of more than four million active users and allows individuals to trade in Forex, stock CFDs, and cryptocurrencies.
#2: Plus500
The forex trading platform of Plus500, founded in 2008, is provided by Plus500CY Ltd., which is a company based in Cyprus and has its headquarters in Limassol. Plus500 offers CFDs on shares, commodities, indices, forex, etc. As far as cryptocurrency trading is concrned, the broker offers CFDs in BTC/USD, ETH/USD, XRP/USD, LTC/USD, DSH/USD, and XEM/USD.
#3: XM.com
Founded in 2009, XM has more than 1,000,000 clients and is a well-established investment firm. XM provides support services in more than 30 languages and the platform can be used by newbies and professional traders. The online fore trading platform provider makes available 7 Asset Classes, 16 Platforms, and more than 300 Instruments for trading. Clients can trade forex, commodities, precious metals, equity indices, individual stocks, energies, and Cryptocurrencies. XM has its registered office in Belize and is regulated by IFSC Belize; FCA, UK; CySEC, Cyprus; and ASIC, Australia.
#4: InstaForex
The brand InstaForex was launched in 2007. Currently, the forex broker has more than 3,000,000 customers. Further, over 1,000 customers open accounts every day. They enable ECN forex trading, contracts on derivatives, and other instruments. When it comes tooo cryptocurrency trading, they offer CFDs in BTC/USD.
#5: FXOpen UK
In 2013, FXOpen launched its online trading platform. FXOpen UK, based in London, is regulated by the Financial Conduct Authority in the UK. On the FXOpen UK platform, you can trade Bitcoin, Ethereum, Namecoin, Litecoin, and Peercoin against USD, GBP, or EUR. Totally, 24 pairs are made available for trading by the broker.
#6: AvaTrade
In forex trading, AvaTrade is by far the most recognized online currency trading platform provider. The regulated Forex broker is dedicated to providing customized trading solutions to its clients irrespective of their prior knowledge or experience.
It is easy to open an account on the AvaTrade’s platform and you can be up and trading in a matter of minutes. The greatest advantage of working with AvaTrade is that the broker provides a large amount of educational material, especially to those who are not very conversant with trading. The online forex broker offers more than 250 trading instruments, including fiat currency, cryptocurrency, bonds, and CFDs.
#7: Binance
The Chinese cryptocurrency exchange Binance is fairly new to the digital currency market, but it has gained a great of popularity in a short period of time because of its Initial Coin Offerings and low trading fees. The exchange has the ability to process about 1.4 million orders in a second. It is the fastest exchange on the market.
You can use the platform for buying several digital currencies, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, EOS, Dash, Bitcoin Gold, LiteCoin, NEO, GAS, Dash, Ripple, and Zcash, among others. Currently, they offer trading in cryptocurrency pairs in ETH, BTC, BNB, and USDT.
#8: CEX.io
The Bitcoin exchange Cex.io allows users to buy the cryptocurrency for low fees using credit cards. Purchases can also be made for free through bank transfers. The services offered by this exchange are available in many countries around the world, except a few specified by the platform provider. On the basis of verification, Cex.io offers four account levels with different buying limits. This Bitcoin exchange operates as a registered company in all of the districts in which it is present.
Cex.io combines crypto to crypto exchanges, fiat to Bitcoin exchange, and a mining pool. The company also offers trades in mining contracts or Bitcoin mining equipment rights for a specified period of time. In addition, the exchange offers USD/BTC and EUR/BTC pairs along with several crypto/crypto pairs.