When it comes to buying cryptocurrencies directly, Robinhood is a great choice. You will also be able to take advantage of the well-known Robinhood trading commissions: even if the transaction costs $ 0 per transaction or no commission, it will still be subject to a built-in margin on the spread. If you are interested in something other than bitcoin, you can trade stocks and ETFs for the same minimum amount. Thanks to Robinhood’s user-friendly interface, trading becomes easy, but buyers looking for a full-fledged trading platform will be disappointed.
Interactive Brokers is a stock market-oriented brokerage company.
The fees charged by Interactive Brokers, a leading broker for direct bitcoin and Ethereum trading, are among the lowest on the market. Instead of owning bitcoins directly, you can invest in Bitcoin futures contracts. With all-inclusive contracts starting at $10.02 and five bitcoins per contract, this broker can also let you buy futures contracts on the Chicago Mercantile Exchange. In addition, Interactive Brokers offers a wide range of financial products that allow you to buy almost all stocks listed on the stock exchange.
Although Webull is not as well-known as its competitor Robinhood, a commission-free trading program, it offers a wide range of services, including bitcoin trading. Webull charges a spread of 100 basis points (1% of the purchase price) on both sides of the transaction, but there is no charge for cryptographic transactions. Bitcoin, Ethereum and Cardano are among the coins that can be exchanged. Webull is a broker worth paying attention to thanks to its mapping tools and mobile-friendly design.
Traders of this broker have several alternatives, as it has introduced direct currency trading using crypto trading with commission-based prices. The price is determined by the balance on your broker’s account and whether your order is subject to instant transfer or not. As a rule, the cost of your purchase is from 0.05 to 0.3%. Now traders can buy and sell bitcoin futures contracts and receive significant discounts when trading volumes.
Binance is a specialized trading platform for buying and selling digital currencies such as Bitcoin and Ethereum, as well as hundreds of others. You will have access to about 60 cryptocurrencies. Binance has a simple commission structure that gets cheaper as you trade more. Trading costs start at 0.1% of the transaction amount and gradually decrease over 30 days depending on your trading activity.
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