Which is the best Bitcoin exchange and broker in India?

While only a few brokers in our 2020 Review offer the underlying, the majority offer bitcoin as a CFD, and a handful of brokers with exchange-traded offerings offer crypto-related exchange-traded products or futures contracts.

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Best Forex Brokers for Crypto Trading

Based on over 105 different variables, here are the best forex brokers to buy cryptocurrency, such as Bitcoin.

eToro

eToro, best known for its easy to use copy trading platform, offers CFDs as well as physical cryptocurrency trading. In addition to launching its own fully-functional crypto wallet, eToro open-sourced its proprietary code for decentralized exchange (DEX) trading, as part of the Lira project from eToroX Labs. Overall, with nearly 100 digital asset pairs available to trade, eToro is our top pick for 2020. ((75% of retail investor accounts lose money) of retail CFD accounts lose money.)

Swissquote

Swissquote enables crypto enthusiasts to trade the underlying tokens (non-CFDs) of the largest cryptocurrencies, including Bitcoin. Publicly-traded and regulated in some of the largest market centers around the globe, Swissquote even acts as a custodian for its clients by holding equivalent crypto at Bitstamp ((79% of retail investor accounts lose money) of retail CFD accounts lose money.)

IG

IG’s crypto offering includes eight CFD crypto pairs alongside favorable contract specifications, weekend trading, and flexible margin requirements. IG also offers what it calls the Crypto 10 Index, a CFD that represents the performance of the ten largest tokens by market cap (think Bitcoin, Ethereum, etc.). The Crypto 10 Index enables passive investors to invest in the future of crypto without having to trade individual token pairs. ((76% of retail investor accounts lose money) of retail CFD accounts lose money.)

XTB

With 16 digital asset pairs available, competitive pricing, and weekend trading available, XTB has a respectable cryptocurrency offering for CFD traders. XTB also provides excellent customer service. (75% of retail CFD accounts lose money.)

FOREX

With eight top crypto assets on offer, FOREX provides competitive pricing in terms of its spreads and overnight financing costs across large-cap crypto assets such as Bitcoin. ((73% of retail investor accounts lose money) of retail CFD accounts lose money.)

Buying Bitcoin, Cryptocurrency Risks

While it can be hard not to be tempted to trade with one of the hundreds of new cryptocurrency exchanges that have popped up across the web, these websites often have been hacked, leading to the theft of customers’ assets. In some other cases they have faced regulatory scrutiny for operating without a license, and/or potential AML/KYC violations.

Final Thoughts

Several final thoughts to keep in mind: selecting a forex broker to trade crypto will depend on where you are located, the services available in your region, your trading style, and any specific needs (e.g., margin).

Whether you are trading crypto as a Contract for Difference (CFD), other off-exchange derivative, or trading an on-exchange listed security, futures, or options contract, or even trading the actual underlying physical cryptocurrency, there can be advantages and disadvantages to each method. These differences can be thought of as trade-offs, and whether they are better or worse depends on your needs as an investor or trader. For example, some brokers do not permit weekend trading of their cryptocurrency CFD contracts.