Cryptocurrency has gone through dramatic cycles since its introduction. Early adopters who entered the market at low prices saw substantial returns, while investors who bought near market peaks are still working to recover losses. This extreme volatility has fueled ongoing debate in the financial world, with critics — including well-known investors like Warren Buffett — questioning whether digital assets have any intrinsic value at all.

Despite skepticism, the crypto industry continues to evolve. High-profile failures such as the collapse of FTX and regulatory actions against major exchanges like Binance and Coinbase damaged investor confidence. At the same time, regulatory progress has emerged. In early 2024, U.S. regulators approved multiple spot Bitcoin ETFs, making it easier for investors to gain exposure to Bitcoin through traditional investment accounts.

Today, investors can access cryptocurrency in several ways, ranging from direct ownership to derivatives trading. Choosing the right broker or platform depends on risk tolerance, trading style, and the level of exposure desired.

How Investors Trade Cryptocurrency Today

Direct ownership

Buying cryptocurrency directly allows investors to hold digital assets in their accounts or wallets. This approach is popular among long-term holders who believe in the future adoption of blockchain technology.

Futures and derivatives

Some traders prefer crypto futures, which allow speculation on price movements without owning the underlying asset. Futures trading enables the use of leverage, potentially amplifying gains — but also increasing losses — making it better suited for experienced traders

Where You Can Buy and Sell Cryptocurrency

Traditional online brokers

Most traditional brokers do not support direct crypto ownership. Instead, they typically offer access to cryptocurrency futures or Bitcoin ETFs. These platforms appeal to investors who want crypto exposure alongside stocks, ETFs, and other conventional assets.

Cryptocurrency exchanges

Dedicated crypto exchanges provide the broadest selection of digital assets. Investors can trade hundreds of cryptocurrencies and usually take direct ownership of their coins.

Payment platforms

Certain payment apps now allow users to buy and sell major cryptocurrencies. While convenient, these services often have limited coin selection and fewer trading tools.

Top Online Brokers and Platforms for Crypto Trading

Robinhood

Robinhood allows users to buy and sell cryptocurrency directly with zero trading commissions. Instead of explicit fees, trades include a built-in spread. Its simple interface makes it attractive to beginners, though advanced traders may find its tools limited.

• Trading fees: $0 commission (spread applies)

• Account minimum: $0

Interactive Brokers

Interactive Brokers offers cryptocurrency trading through regulated partners and also provides access to crypto futures listed on the Chicago Mercantile Exchange. In addition to crypto, investors can trade nearly every major asset class from a single account.

• Trading fees: Approximately 0.12%–0.18%

• Account minimum: $0

Webull

Webull supports commission-free crypto trading but applies a spread markup of about 1% per trade. Its advanced charting features and mobile experience make it appealing to active traders.

• Trading fees: $0 commission + spread

• Account minimum: $1 for crypto trading

Binance.US

Binance.US offers access to hundreds of cryptocurrencies and a competitive fee structure that rewards higher trading volumes. Bitcoin and Ethereum trades are commission-free, though the platform has faced increased regulatory scrutiny in recent years.

• Trading fees: Up to 0.57%, with discounts based on volume

• Account minimum: $0

Coinbase

Coinbase is one of the most widely recognized crypto platforms in the U.S., supporting over 200 digital assets. While user-friendly and secure, its standard trading fees are relatively high unless users opt for its Advanced Trade interface.

• Trading fees: Starting at 0.6% on Advanced Trade

• Account minimum: $0

Kraken

Kraken provides access to a broad range of cryptocurrencies and offers lower fees for high-volume traders through its Pro platform. Availability varies by U.S. state.

• Trading fees: From 0.40% on Kraken Pro

• Account minimum: $1

Charles Schwab

Charles Schwab does not offer direct crypto purchases but allows investors to trade cryptocurrency futures. This option suits traders who prefer regulated derivatives over direct ownership.

• Trading fees: $2.25 per futures contract

• Account minimum: $0 (margin requirements apply)

Tastytrade

Tastytrade enables crypto trading through a third-party partner and applies a small built-in markup rather than charging commissions. The platform also supports crypto futures at competitive rates.

• Trading fees: No commission, markup applies

• Account minimum: $0

Final Thoughts

Selecting the best broker for cryptocurrency trading depends on whether you want to own digital assets directly or gain exposure through futures or ETFs. Traditional brokers may appeal to investors who want regulated products and diversified portfolios, while crypto exchanges provide broader access to digital assets.

Before trading, consider fees, asset availability, regulatory protections, and your risk tolerance. Cryptocurrency offers opportunity — but only when approached with a clear strategy and an understanding of its unique risks.