Home

New site

Pepperstone has been active on the market since 2010 and is very popular all around the world. This cryptocurrency exchange is regulated by the Australian Securities & Investment Commission and the Financial Conduct Authority, which indicates high trust. With this broker, you can only trade digital currency using CFDs.

The minimum deposit at this platform is quite high – 200 USD. This means you need to be 100% you want to trade with this crypto broker’s representative before making deposit funds. Pepperstone has a mobile app, which can be downloaded to Android and iOS, and it offers the same features as the desktop version. By the way, before you start trading using an app or PC, you can try this platform on a demo account.

Pros

  •  Decent Reputation & Experience
  •  Many Trading Pairs
  •  Low Fiat Currency Fees

Cons

  •  High Minimum Deposit

What Is a Crypto Broker?

Crypto brokers are companies that act as an intermediary between traders and the crypto market by offering liquidity to buy and sell crypto assets. Frankly speaking, there are plenty of crypto brokers, and it is very hard to find a good one. A good crypto broker, like most cryptocurrency exchanges, should offer great customer service, margin trading, a decent reputation, fiat currency, stocks, indices, and crypto trading, so cryptocurrency investors can earn interest.

Sometimes people are confused because they don’t understand why brokers can be called cryptocurrency exchanges. Actually, some brokers can really act as crypto exchanges, because you can put Bitcoin on your account and then swap it to Tether or Bitcoin Cash. So, if you are looking for a crypto exchange with plenty of useful features, low fees, and different investment opportunities, you can freely choose online brokers.

How to Check an Online Broker?

It is vital to invest in crypto markets using trusted and reviewed crypto exchanges and/or online brokers. Unfortunately, there are so many people out there who have chosen a broker blindly and lost all the money.

But! You are very lucky because our dedicated team does this job for you. Below, we will tell you how we rank and review online brokers for cryptocurrency transactions.

License

When we talk about investment – any kind of it, it is as clear as day that we should be attentive while choosing the service where we will store our money. License is crucial, and our team always reviews if it is present, active, and issued by a reputable financial authority. You can always trade with a crypto exchange with no license, but only if you are sure it is secure and will not steal your money.

Reputation

When reviewing the reputation of cryptocurrency exchanges, we pay attention to the reviews from the crypto exchange users. You may say: “What if the bad reviews are written by competitors?“, and you will be right! But, there are places to read reviews from real users like TrustPilot or Reddit. Also, we monitor the news and updates about the company to ensure nothing bad or harmful to traders has happened before.

Trading Commissions and Payment Fees

The best crypto exchange always offers low or, at least, average trading fees, deposit, and withdrawal fees. Here, our team conduct deals on the platform to calculate the fees and to see if they are really low and there is a sense to recommend the crypto exchange. Most novice traders usually look for the cheapest brokers in terms of fees, and we are here to help them. Also, some brokers promise low fees or none to attract clients, and then just freeze their accounts. We need to be sure you will not find yourself in such a situation.

Limitations on Deposits and Withdrawals

Limits on payments never mean the service is bad or good – they indicate if each trader can afford the registration. We always state this moment, because experienced traders are ready to invest 200+ USD, and newcomers prefer to start with 10 USD to check the service.

Payment Methods

The best cryptocurrency exchanges offer different methods to deposit and withdraw – a credit or debit card, bank transfers, e-wallet, cryptocurrencies, online payment systems, etc. The bigger the selection is, the better trading experience traders will have.

Customer Support

We think you will agree when we say that customer support is one of the vital characteristics of crypto exchanges. When you have an issue, even the smallest one, you need to contact customer service, and you want to receive an informative answer within hours. We evaluate the speed of the answer and the ways you can contact the team – email, chat, phone, etc.

Leverage

Best crypto exchanges offer leverage for advanced trading, and it is very appreciated by cryptocurrency traders. We check the minimum leverage applied – it is always different from one platform to another. Also, we review if there are any pitfalls while using these leverages.

Cryptocurrencies – Advantages & Disadvantages

We suppose many people who read this content have had no experience in crypto trading. You may trade Forex, stocks, or indices, but you need to examine the crypto trading.

Why?

We know many Forex traders who decided to leave this field and start trading crypto because of its volatility, for example. Let’s check why cryptocurrencies are different and better than fiat currencies or stocks.

Advantages of Cryptocurrencies

High Security and Privacy

Cryptocurrencies work on blockchain, which means no one and never (unless you make a screenshot or your transaction and send it to a particular person) will know who send the payment and who is the recipient. This is a great advantage for those who value anonymous trading.

Low Fees for Payments

Cryptocurrency fees are extremely low. For example, while making a deposit or withdrawal with Tether, you will pay 1 USD of fees. Anyways, no matter what coin you will choose for your payments, you will pay 2-3 USD of fees, and the amount of the transaction does not matter.

Volatility – A Chance to Win

Crypto is famous for its high volatility – there are no assets with the same volatility. This is a good chance to win some money because you can open a trade and close it with 50% of profit in 2 hours. Of course, to open such a deal, you need to conduct the technical and/or fundamental analysis before.

No Governmental Influence

Government can not control cryptocurrencies, unlike fiat currencies. This is good because it gives freedom to traders and services. You can deposit and withdraw unlimited sums of money, and no one is going to know about it (unless you want to declare your crypto and pay taxes).

No Geo Limitations

Cryptocurrencies can be sent and received from and to every country in the world. Plus, the fees and speed of transactions do not depend on your location. That is why many people prefer to send money to other countries using crypto.

Fees Charged by Crypto Brokers

As we have already said, the fees of crypto exchanges play a very big role in choosing the service for investments. That is why let’s check what fees you will pay while working with the best crypto exchange.

Trading Fees

Fees for traders usually differ based on the assets you trade, and your monthly trading volume. There are some crypto exchanges that don’t charge trading fees, most of them require you to pay 0.2%-0.9% of the trade amount each time you open a deal.

Fees may be lower if you have a big trading volume, hold the platform’s native token, etc.

Deposit Fees

Traders pay these fees when sending money to the broker’s account. Platforms don’t usually charge any fee for deposits, but you will always pay some commissions to the service you are using to make a payment. The fees vary from one service to another, but sending from cryptocurrency wallets or exchange is the cheapest option.

Withdrawal Fees

The same goes for fees you pay when withdrawing the money from your broker’s account. Here, some brokers charge money for withdrawals – but not many of them. Anyways, you will pay fees for sending the money to the service you use for it.

What Is a CFD Crypto Broker?

We are sure you’ve seen the term “CFD” already, so let’s discuss it before you open an account on crypto exchanges. CFD or Contract for Difference is an agreement between the buyer (investor) and the seller (CFD broker), where it is indicated that they should exchange the price of an asset between the time of the contract opening and closing.

Wow! Sounds crazy?

Let’s explain it easier.

Imagine you go to the platform and want to buy 1 BTC, hold it for 2 months, and then sell it. If you choose a CFD broker, you will be able to buy 1 BTC, but you will not own it – the broker will just “imitate” the process. You will not be able to send this 1 BTC somewhere. When 1 month passes, you will receive the difference – it may be negative (loss) and you will pay money to the broker, or positive (profit) and the broker will pay you money.

Crypto Brokers Apps for iOS and Android

We have talked a lot about brokerage apps, and you know it is crucial for an exchange to have a user-friendly app. Mobile apps have a lot of advantages, but the biggest one is the freedom of trading: you can invest in cryptocurrencies everywhere without bringing your laptop with you. Also, mobile apps for investing are famous because of the instant notifications. If you know what broker you will work with, let us show you how to download the app for trading.