Free Crypto Broker

Take advantage of free crypto brokers that offer zero commission trading and cost-effective solutions for buying and selling digital assets. These platforms make crypto trading accessible to everyone, regardless of budget. If you’re looking for a no-cost way to enter the crypto market, continue reading to find the best free brokers.

Robinhood

eToro

Webull

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

The 7 Best Free Crypto Brokers

Robinhood

Our evaluation

4,9

Commissions

Low 4,7/5

Regulated

SEC, FINRA

Investor protection

Yes

Open account

Direct link to the exchange website

eToro

Our evaluation

4,9

Commissions

hidden

Regulated

Yes

Investor protection

High 4,9/5

Open account

Direct link to the exchange website

Webull

Our evaluation

4,8

Commissions

Low 4,8/5

Regulated

SEC, FINRA

Investor protection

Yes

Open account

Direct link to the exchange website

Revolut

Our evaluation

Commissions

Regulated

Investor protection

Open account

Direct link to the exchange website

SoFi Invest

Our evaluation

Commissions

Regulated

Investor protection

Open account

Direct link to the exchange website

Trading 212

Our evaluation

4,9

Commissions

Low 4/5

Regulated

FCA, CySEC

Investor protection

Yes

Open account

Direct link to the exchange website

Firstrade

Our evaluation

4,7

Commissions

Low 4/5

Regulated

FINRA, SEC

Investor protection

Yes

Open account

Direct link to the exchange website

Let's Analyze the 7 Best Free Crypto Brokers

Robinhood

Read Robinhood Review

Why Choose Robinhood?

Choosing Robinhood Crypto is a smart decision for beginners and casual investors looking for a simple and cost-effective way to trade cryptocurrencies. The platform’s commission-free trading model allows users to buy and sell cryptocurrencies without incurring extra costs, making it highly attractive for those new to the crypto market. Additionally, the user-friendly interface and seamless integration with Robinhood’s stock and ETF trading services provide a convenient, all-in-one platform for managing various types of investments.

Moreover, Robinhood Crypto supports trading with as little as $1, enabling users to start investing with minimal initial capital. This low barrier to entry is ideal for novice investors who want to explore the cryptocurrency market without significant financial risk. The platform also offers a wide range of popular cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, allowing users to diversify their crypto portfolios easily.

Finally, Robinhood’s strong regulatory oversight by the SEC and FINRA ensures a secure trading environment. The platform employs robust security measures, such as two-factor authentication and encryption, to protect user data and assets. While Robinhood has faced some criticism regarding customer service, its overall reputation remains solid, with millions of satisfied users. This makes Robinhood Crypto a reliable and accessible choice for anyone looking to venture into cryptocurrency trading.

Pros

Cons

Editor's Note

As an expert on our website, I recommend Robinhood Crypto for its ease of use and commission-free trading. It’s an excellent choice for beginners who want to start trading cryptocurrencies with minimal initial investment. However, be mindful of its limitations, such as the lack of support for external wallets and limited customer service. Overall, it’s a solid platform for those new to crypto trading, offering a straightforward and accessible entry into the market.

eToro

Read eToro Review

Why Choose eToro?

eToro is a prime choice for both newcomers and experienced traders seeking a user-friendly and innovative trading platform. Its standout feature, the social trading aspect, is perfect for those who might feel daunted by the complexities of the financial markets. This feature allows users to observe and copy trades from seasoned investors, providing a valuable learning curve and an insight into strategic trading without the need for extensive personal experience. Additionally, eToro’s user-friendly interface ensures that navigating the complexities of cryptocurrency and stock trading is straightforward and accessible, even for those with minimal trading background.

Security and regulation are paramount in choosing a trading platform, and eToro excels in both. The platform is regulated by several top-tier financial authorities, ensuring that users’ investments are handled with utmost integrity and in compliance with stringent financial standards. This regulatory oversight provides a strong level of protection for users’ funds, making eToro a reliable and trustworthy option for engaging with the financial markets. Moreover, the platform’s commitment to providing a secure trading environment is evident through its use of advanced security technologies to safeguard users’ information and assets.

Furthermore, eToro offers a diverse range of trading options not just limited to cryptocurrencies but also including stocks, commodities, and forex. This variety allows users to diversify their investment portfolio all within a single platform, enhancing the potential for risk management and exposure to different markets. The additional resources like real-time data feeds, analytical tools, and the personalized, social news feed provide users with the insights needed to make informed trading decisions. These features, combined with the platform’s robust educational resources, empower eToro users to expand their trading knowledge and skills continually. For anyone looking to engage with the financial markets in a dynamic and supportive environment, eToro presents a compelling option that caters to a wide range of trading needs and preferences.

Pros

Cons

Editor's Note

At Threenvest, we understand the importance of choosing the right cryptocurrency exchange for your trading and investment needs. eToro, with its distinctive blend of social trading features and a user-friendly platform, presents a compelling option for those new to cryptocurrency trading as well as seasoned traders seeking a more community-oriented trading environment. The platform stands out for its wide array of cryptocurrencies, including popular choices like Bitcoin and Ethereum, as well as its innovative social trading tools that allow users to learn from peers and mimic successful traders’ strategies. These features make eToro particularly attractive to users who value a collaborative approach to trading. However, it’s important to weigh eToro’s offerings against its limitations. Compared to other exchanges, eToro’s fee structure, primarily based on spreads, may be higher, particularly for less popular cryptocurrencies or during volatile market conditions. Additionally, while eToro offers a robust platform that caters well to beginners and intermediate users, advanced traders might find the technical tools insufficient for complex strategies. At Threenvest, we recommend eToro for users who prioritize ease of use, educational resources, and social trading capabilities. For those requiring advanced trading capabilities and lower fee structures, exploring other platforms might be advisable. Ultimately, aligning your specific trading style and needs with the features offered by eToro will determine if this platform is the right choice for you.

Webull

Read Webull Review

Why Choose Webull?

Webull is an excellent choice for those looking to dive into the world of cryptocurrency trading. The platform stands out with its commission-free trading model, which means you won’t be burdened with hefty fees on each transaction. This is particularly beneficial for beginners who want to start small without worrying about costs eating into their profits. Additionally, Webull provides advanced charting tools and a user-friendly interface, making it easier to analyze the market and make informed trading decisions.

Another strong point of Webull is its broad range of cryptocurrencies available for trading. With 11 different digital assets, including major ones like Bitcoin, Ethereum, and Dogecoin, users have a variety of options to diversify their portfolios. The platform’s integration of social trading features also adds a layer of interactivity, allowing users to learn from each other and stay updated with market trends through community discussions.

Webull’s security measures further enhance its appeal. The platform employs robust security protocols, including two-factor authentication (2FA) and encryption, to ensure the safety of users’ funds and personal information. Being regulated by top-tier financial authorities like the SEC and FINRA adds an extra layer of trust and credibility. Overall, Webull offers a comprehensive, secure, and user-friendly environment for cryptocurrency trading, making it a solid choice for both novice and experienced traders.

Pros

Cons

Editor's Note

As an expert on our website, I recommend Webull for those interested in cryptocurrency trading due to its commission-free model and advanced trading tools. The platform’s user-friendly interface and excellent mobile app make it suitable for both beginners and experienced traders. However, keep in mind that Webull does not allow crypto transfers off-platform, which might be a limitation for some users. Overall, Webull is a solid choice for cost-effective and convenient crypto trading.

Revolut

Read Revolut Review

Why Choose Revolut?

Pros

Cons

Editor's Note

SoFi Invest

Read SoFi Invest Review

Why Choose SoFi Invest?

Pros

Cons

Editor's Note

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the article

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.