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BTCUSD Lowest Trading Cost Ranking - Spreads, Swap Points and Commissions
Top CFD brokers to trade BTCUSD
Do you trade BTCUSD (Bitcoin) frequently?
While you increase the volume of trading on BTCUSD, you may be losing a lot by the spread cost, commissions and other hidden costs like swap points.
In this article, we introduce some CFD brokers that are especially popular with traders and the 3 best brokers to trade BTCUSD in terms of the cost involved.
See the table below first to check out the comparison of top CFD brokers to trade Bitcoin.
| Crypto Brokers | Bitcoin Spread | Max Leverage | Swap Costs | Trading Session |
|---|---|---|---|---|
| XM | From $39 (No Commission) | 1:250 | None | 24/7 |
| EXNESS | From $58.2 (No Commission) | 1:400 (Limited to 1:200 on weekends) | None | 24/7 |
| CryptoAltum | From $1.75 (No Commission) | 1:500 | Charged | 24/7 |
| FBS | $30 (No Commission) | 1:5 | Charged | 24/7 |
| FXPro | $50 (No Commission) | 1:2 | Charged | 24/7 |
| Capital.com | $99 (No Commission) | 1:2 | Charged | 24/7 |
| IC Markets | $9 (No Commission) | 1:200 | Charged | 24/7 |
| Axi | $40 (No Commission) | 1:100 | Charged | 24/7 |
| eToro | $200 (No Commission) | 1:2 | Charged | 24/7 |
The Best Broker for Bitcoin Scalping & Day Trading
In terms of the spread, CryptoAltum offers by far the lowest trading cost in the industry.
The spread (bit and ask prices difference) is only $1.75 and CryptoAltum does not charge any extra commissions.
If you want to trade Bitcoin daily (as in opening and closing positions daily), you can save a lot of money by choosing CryptoAltum.
CryptoAltum’s spread cost is literally more than 100 times smaller than other major brokers.
The demerit of CryptoAltum is the swap cost.
If you want to open BTCUSD positions and hold for a long-term period, you could be paying a lot of swap points.
CryptoAltum’s BTCUSD trading is recommended for scalpers and day traders.
Go to CryptoAltum’s Official Website
The Best Broker for Bitcoin Long-Term Trading
Do you want to open BTCUSD positions and hold them a long time for a bigger profit?
Then you need to choose brokers that offer Bitcoin swap-free trading.
For BTCUSD swap-free trading, we recommend 2 brokers that are XM and EXNESS.
Both XM and Exness offer Cryptocurrency swap-free trading for all traders.
There is no time limit to the term, so you can hold positions open as long as you want.
In 2022, XM has added 31 Cryptocurrency pairs to trade are AAVEUSD, ADAUSD, ALGOUSD, AVAXUSD, AXSUSD, BATUSD, BCHUSD, BTCEUR, BTCGBP, BTCUSD, COMPUSD, ENJUSD, ETHEUR, ETHGBP, ETHUSD, FETUSD, GRTUSD, LINKUSD, LTCUSD, MATICUSD, OMGUSD, SKLUSD, SNXUSD, SOLUSD, STORJUSD, SUSHIUSD, UMAUSD, UNIUSD, XLMUSD, XRPUSD and ZRXUSD.
In 2022, Exness offers the following Cryprocurrencies: Bitcoin (BTCUSD, BTCKRW, BTCJPY), Litecoin (LTCUSD), Ethereum (ETHUSD), Ripple (XRPUSD), Bitcoin Cash (BCHUSD), Solana (SOLUSD), Synthetix (SNXUSD), Uniswap (UNIUSD), Basic Attention Token (BATUSD), Polkadot (DOTUSD), Tezos (XTZUSD), Cardano (ADAUSD), Binance Coin (BNBUSD), Enjin Coin (ENJUSD), FileCoin (FILUSD), Dogecoin (DOGEUSD), Compound (COMPUSD), Theta (THETAUSD), Aave (AAVEUSD), Chainlink (LINKUSD), IOST (IOSTUSD), PancakeSwap (CAKEUSD), Polygon (MATICUSD), Huobi Token (HTUSD), Decentraland (MANAUSD), Hedera Hashgraph (HBARUSD) and 1inch (1INCHUSD).
Why trade Bitcoin CFDs but not actual Bitcoin?
In this article, we are introducing the best brokers to trade BTCUSD which is a CFD product.
With these brokers, you cannot buy and sell actual Bitcoin if that’s what you are into.
These CFD brokers allow you to trade Bitcoin and many other Cryptocurrencies buy and sell so that you can make a profit from the price movements.
There are mainly 3 reasons to trade Cryptocurrency CFDs:
1. Leverage is high
When you buy actual Bitcoin on Cryptocurrency exchanges, you cannot utilize leverage.
With CFD trading, you can utilize high leverage up to 1:500.
This means that you don’t need thousands of dollars to start investing in Bitcoin, but even 100 dollars suffice to open positions.
2. Cost is lower
CFD trading generally offers you low-cost trading.
If you want to buy and sell Cryptocurrencies frequently, you are recommended to do with Cryptocurrency CFDs instead of actual Cryptocurrencies.
As introduced above, CryptoAltum offers you to trade Bitcoin with only $1.75 of trading cost on average which is an impossible condition to find among Cryptocurrency exchanges.
3. No Cryptos needed
When you start trading Cryptocurrencies with these CFD brokers, you don’t need a digital wallet or own Cryptocurrencies.
You can simply open an account with one of the brokers and then make a deposit.
You can deposit your fund via bank transfer, credit/debit card, and also online wallets.
Do you still want to buy and sell actual Bitcoin and other Cryptocurrencies with no leverage? Then see the list of Cryptocurrency exchanges here.
