Investing in cryptocurrencies can be a complex decision, especially when choosing between a broker or an exchange platform. This article explores the best brokers and exchanges for purchasing cryptocurrencies, focusing on security, usability, fees, and investment products.
Best Broker for Investing in Cryptocurrencies from Spain
Below is a summary table of the top brokers for cryptocurrency investing, whether for spot trading or derivatives:
Top Brokers:
- eToro
- Trade Republic
- Revolut
- Interactive Brokers
- IG
- iBroker
eToro: Best Broker for Crypto Investments
👉 eToro stands out as a leading broker in the crypto sector, offering:
- 100+ cryptocurrencies for spot trading.
- 14 crypto pairs for margin trading.
- Integrated wallet (eToro Money) for easy transfers.
- 1% commission per trade (includes spread).
- Minimum investment: $30.
⚠️ Crypto investments are high-risk and volatile. Read the risk disclosure.
Trade Republic
- 50+ cryptocurrencies available.
- Flat €1 fee per transaction (plus spread).
- No external wallet withdrawals.
- Regulated custody via BitGo.
Revolut
- 230+ tokens tradable 24/7.
- Real crypto purchases (no derivatives).
- €1 minimum fee + monthly plan cost.
- Allows external wallet withdrawals (limited tokens).
Interactive Brokers
- 11 spot cryptocurrencies.
- 11 Bitcoin ETFs available.
- 0.12%–0.18% commission (min. $1.75 per order).
- No hidden spreads.
IG
- 30+ spot tokens (custodied by Uphold).
- 11 crypto derivatives.
- 2:1 leverage for retail traders.
iBroker
- 8 crypto derivatives (futures/options).
- Spanish-regulated (CNMV).
- Focused on short-term trading.
Alternatives to Brokers: Best Crypto Exchanges
Top Exchanges:
- OKX – Web3 integration, 300+ tokens.
- Bitvavo – Low fees, staking up to 15% APY.
- Binance – 600+ cryptos, high liquidity.
- Criptan – User-friendly, Spanish-regulated.
- Bit2Me – Best for Spanish investors.
Broker vs. Exchange: Which Is Better?
Broker Pros:
✅ Integrated portfolio management.
✅ Easier for beginners.
Exchange Pros:
✅ Wider range of tokens.
✅ Advanced features (staking, DeFi).
Our Verdict:
- Exchanges suit long-term crypto enthusiasts.
- Brokers fit casual investors (≤10% portfolio exposure).
FAQ
1. Which broker has the lowest fees?
Interactive Brokers (0.12%–0.18%) and Trade Republic (€1/trade).
2. Can I withdraw crypto from Revolut?
Yes, but only supported tokens.
3. Is Binance safe?
Yes, with 2FA and AI monitoring, but lacks MiCA compliance in the EU.
4. What’s the minimum investment on eToro?
$30 for cryptocurrencies.
5. Which exchange is best for staking?
Bitvavo (up to 15% APY).
👉 Explore OKX for Web3 trading
👉 Learn crypto trading basics
All links are affiliate-free. Crypto investments carry high risk.