As Bitcoin’s price rises and cryptocurrencies enter the mainstream, traders will want to get involved more than ever. If you didn’t know, the best place to trade is on a cryptocurrency exchange. In this post, we’re going to go over the best exchanges to trade on. We’ll look at their support, funding methods, listed assets, security, and more to decide.
This US-based cryptocurrency exchange is one of the most well-known platforms for trading digital assets. It’s quite limited in terms of selection, as the company wants to vet any tokens before listing them. However, that limitation serves its users well, as traders always know an investment is safe to make.
Of course, Coinbase provides various funding methods for traders to take advantage of. You can link a bank account, debit card, or another wallet to transfer funds. From there, you can simply buy your cryptocurrency and hold it on the platform.
The platform also provides a comprehensive learn program that rewards you in cryptocurrency for participating. Almost every time it lists a new asset, Coinbase releases a new Learn class catered directly to it.
Binance is the world’s largest exchange. It lists hundreds of assets and supports various funding methods from around the globe. However, it’s worth noting that you must link a bank account to trade on Binance. You can’t link a debit or credit card like on most other platforms.
That said, Binance offers its own cryptocurrency, Binance Coin, to help you with trading fees. If you hold Binance Coin, you can use it to circumvent some of the fees, making trading cheaper for you over time. That said, it’s important to be careful which assets you invest in on the platform. Binance isn’t as choosy as Coinbase. Some of the tokens listed could be scams or not what they initially seem.
Always do your own research before investing.
CryptoExchange.com is a dependable way to trade cryptocurrencies, especially if you’re just breaking into the industry. The platform currently supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, meaning you’re not overwhelmed with a massive list of assets.
You can easily fund your wallet via a bank account or another crypto wallet, for instance. From there, you can easily trade the assets listed on the platform. If you’re just getting into the cryptocurrency space, this is the platform to try out.
CEX.io supports thousands of cryptocurrencies and allows you to buy them with a simple debit or credit card purchase.
The exchange features protection against DDoS attacks as well and even provides a cold storage solution for your assets. That, and there are support teams available 24/7 for any problems you may have. You can contact them via email, chat, or phone.
Finally, CEX.io provides traders with top algorithms that offer the best possible trades. That, and you can even automatically trade via the platform’s unique APIs.
This platform has been around since 2013 and features over 3 million users so far. It has also never suffered from a hack as many other exchanges have – huge for users who care significantly about their security.
Another US-based exchange, Kraken has been around since 2011. As an early exchange, the platform has had time to develop its security features, making it one of the safest ones to trade on. It offers two-factor authentication, email encryption, and more, for instance.
As of now, you can wire transfer to fund your account in various parts of the world. From there, you can utilize Kraken’s unique trading features to acquire various assets.
If you’re new to the space, Kraken features a ton of different guides to learn more about digital asset trading. Or, if you’re more experienced, there’s a Kraken Pro platform that cuts all of the trading fluff. Or, you can invest in futures via Kraken’s futures platform.
Otherwise, you can enjoy margin trading, staking, over-the-counter trading, and more. Both new and long-time traders will feel at home here.