Best Bitcoin Trading Site Reviews

On this page we publish the best bitcoin trading site reviews. We compare the best trading sites against each other with regards to fees, deposit options, security and trading features. In the bottom we also answer the most common questions regarding Bitcoin and Altcoin Trading.

The Best Bitcoin Trading Sites

Binance Bitcoin Exchange Logo

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BitMEX review logo

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CEX.io review logo

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Bitfinex review logo

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Kraken Bitcoin Exchange Logo

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Exmo review logo

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Bitcoin CFD Trading Sites

What is CFD Trading?

CFD trading, contract for difference trading, is a contract between two parties. CFD trading consist of a buyer and a seller. They agree that the seller will pay the buyer the difference between the current value of an asset and its value at contract time. If the difference is negative the buyer pays instead. CFDs are financial derivatives that allow traders to speculate in prices moving up (long positions) and prices moving down (short positions).

etoro review bitcoin trading

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The financial products offered by the companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Latest Bitcoin Trading Articles

Questions on Bitcoin Trading

Bitcoin Exchange VS Bitcoin Trading Site

What is the difference between a bitcoin exchange and a bitcoin trading site. Well, in many cases they are the same platform. However, in certain cases they do differentiate and it is very important what an exchange is and what a trading platform is.

A bitcoin exchange is a platform, or a site, where you can buy cryptocurrencies for fiat currencies or other cryptocurrencies. They are often simple and easy to understand. See our full list of the best bitcoin exchange reviews.

A bitcoin trading site usually offers trading features like margin trading, futures trading, leverage trading, stop limit orders, trading screens and many more similar features.

What is Leverage Trading Bitcoin?

Leverage trading involves borrowing a certain amount of the crypto to invest in the trade. In the case of crypto, the money is usually borrowed from the crypto trading broker. Crypto trading does offer high leverage. Also, there are crypto and bitcoin derivatives with even higher margin. BitMEX is a Bitcoin and crypto derivative platforms that offer the highest leverage on their Bitcoin futures. Read more in our BitMEX leverage trading review 2020

How can I Go Short On Crypto or Bitcoin?

At all presented trading platforms it is possible to go short on Bitcoin. To go short means that you borrow an asset (for example Bitcoin) from a person or institution that actually holds real Bitcoin. You borrow them and sell them. Since you speculate on a falling price you want to buy back the borrowed asset at a lower price. If you succeed to buy the asset back at a lower price your win is the difference. Read more about How to short Bitcoin in our blog post.

What is Bitcoin and Crypto Derivative Trading?

Crypto and Bitcoin derivative products are usually traded with very high leverage. You don´t really trade the real asset. The derivative trading platforms have created an asset that does make the same price movements. Read more about Bitcoin derivatives in our Bitcoin perpetual swap vs Bitcoin futures guide.

What are the Risks with Leverage Trading?

There is a high risk of trading with leverage because you borrow your capital. Trading companies have different guidelines and features on leverage. Be careful to only use these products if you are an experienced trader.

How do I Pay Tax On Crypto and Bitcoin Profit?

You should pay tax on Bitcoin profit. There are different laws for different countries. However, I cam across BitcoinTaxes which is software that summarizes all profits and losses from all major exchanges. Read more about How to pay tax using BitcoinTaxes.

What is Bitcoin Social Trading?

Bitcoin Social Trading is available via eToro. Read our full eToro review for more information regarding its trading features.

Social Trading means there are many community-based trading tools. For example, you can follow and see other traders performance and you can even copy other traders performance. Read more about Bitcoin Social Trading in our blog post.

What is the Best Trading Platform for Ethereum?

There is many trading platforms for Bitcoin but also many platforms have started to offer altcoin trading. Many platforms are opening for Ethereum trading and the liquidity is very good in the Ethereum markets. Also, trading platforms for Ripple and Litecoin trading are coming up. Read more specific about Ethereum trading platforms in our blog post, Best Ethereum trading platform 2020.

What are Bitcoin Perpetual Swaps?

Bitcoin perpetual swaps are derivative products that have increased a lot in popularity. Bitcoin perpetual swaps are available on BitMEX, Binance, Bybit among our trading reviews. Read more about Bitcoin perpetual swaps in our guide, Bitcoin perpetual swaps VS Bitcoin futures.

What are Bitcoin Futures?

Bitcoin futures also derivative products that have increased a lot in popularity. Bitcoin futures are available on BitMEX, Binance, and ByBit among our trading reviews. It is possible to trade Bitcoin futures with high leverage. Also, you can trade many other cryptocurrencies as Futures. Read more about Bitcoin futures in our guide, Bitcoin perpetual swaps VS Futures.

What are the best Ripple Trading Platforms for US Customers?

Ripple, XRP, has become a popular cryptocurrency. It has attracted a lot of attention and liquidity. In our article, What are the top 3 Ripple trading platforms for US customers? we compare the best XRP trading platforms for US customers.

What is a Crypto Trading Bot?

A crypto trading bot is a software that executes automated trading on predetermined criteria. Read more about two of the best crypto trading bots on the market in our Haasonline review or Cryptotrader review.

What trading platforms allow US customers?

Not all bitcoin trading platforms allow US customers. Actually, there are only a few that support US traders. Some of those are Bittrex, BinanceUS and Bittrex. We are working on a dedicated article on this specific topic. In the meantime, see our article about the best bitcoin exchange for US customers.

Where can I deposit Bitcoin with my credit card?

Not all bitcoin trading platforms accept credit card. However, nowadays this is more common and the only thing you should look out for is the fee. We have several extensive guides regarding buying crypto with a credit card. See where you can buy Ethereum with a credit card instantly or best place to buy Ripple with a credit card.

What is Bitcoin Futures Trading and Swaps Trading?

Before you start trading Bitcoin and other cryptocurrencies you must be familiar with all complicated trading terms. Otherwise you will lose money. Therefor, we have created several guides for beginners and among those guide we the article, What is Bitcoin Futures Trading and Swaps Trading?

How do I short Bitcoin?

If you go short Bitcoin you will get a profit when the Bitcoin price decreases. Short selling involves more risks than taking a long position. Usually, its harder to time a short position because markets tends to have long uptrends and short down trends. Read our full article on the topic, How do I short Bitcoin?

What is Bitcoin Margin Trading?

Bitcoin margin trading is simply Bitcoin leverage trading. For making margin trading possible you must borrow Bitcoin from a lender. By doing that, you must also pay an interest to that borrower, sometimes referred to as a fee.

Bitcoin leverage trading does involve higher risk than any other trading since you have both leverage and a volatile underlying asset.

Read more about Bitcoin margin trading 2020 and compare different crypto margin trading sites.