Cryptocurrency trading is one of the most profitable digital investments. You buy tokens and sell them to make profits once the price grows. Choosing a reliable platform for buying and selling cryptocurrencies is the most significant thing in trading. You cannot buy or sell digital tokens without a marketplace. Wallets are also vital. But this post will focus on the platforms you can use to trade crypto.
Various platforms enable you to buy, sell, or exchange crypto coins. Some allow you to make transfers immediately, while others may take some time. Whether a beginner or a veteran, you will find one with features that work for you. Ensure you are comfortable with it before settling. Also, select the one that offers you the best terms.
1. Finixio AI
People with little experience with crypto coins must have heard of Bitcoin. And that must be one reason you stumbled upon this article. This cryptocurrency is the first and most valuable digital asset. It is also the most traded. In 2019, its value grew by over 100%. That was a significant return on investment for anyone who had it.
Newbie traders want simple and intuitive trading platforms with no ambiguities. That is where Bitcoin Union comes in. The platform walks you through every process, ensuring you know what is happening. You do not have to worry about making the wrong moves and losing your funds. Also, since this exchange only focuses on Bitcoin, you will not be confused with the many options available on other platforms.
2. Kraken
Old is gold. Kraken has been around for a while and is, therefore, one of the most trusted platforms. It was the earliest exchange platform used to buy and sell Bitcoin in 2011. Currently, Kraken supports hundreds of digital currencies you can buy and sell. You do not even need experience in crypto trading to get started. Also, the minimum amount you can spend on digital assets is $10. That is manageable enough to get you around and familiarize yourself with the platform.
Since its launch, the company has had more than nine million clients, and they support more than 190 countries. That makes it available to everyone with internet access. Their mobile apps for Android and iOS make it easy to trade with your handheld devices. That is essential for people always traveling or if you cannot sit in front of the computers all day.
3. Coinbase
This exchange has gained popularity and trust in recent years. Most newbies will hear about Coinbase the moment they start researching crypto. It is now one of the most used platforms to buy and sell cryptocurrencies. After reviewing market projections and prospects, you can decide on the assets you want to trade.
Coinbase is one of the most convenient platforms to use. After creating and verifying an account, you can start buying digital assets by connecting your bank account. However, this feature limits accessibility because some countries and banks do not work with Coinbase. But the mobile app is an excellent way to trade on the go. Your deposits in the USD have insurance protection of up to $250,000.
4. eToro
This platform started with the name Visual FX. It was a foreign exchange platform until recently, when it introduced crypto trading. That is why it has a large client base of more than 20 million people from 140 countries. The platform uses social trading, where you can copy the moves of the most successful traders.
The mobile app is available on both Android and iOS devices. You can also use it to trade your assets anytime. Also, you can use the app to buy stock market shares, trade in foreign exchange, and more. You only need a minimum amount of $50 to start trading. However, there is a drawback. The platform supports only a few digital assets.
5. Crypto.com
This company started operating in 2016. It has been a successful digital currency trading platform in 90+ countries. It supports upward of 250 crypto coins, and you can use its mobile app to buy and sell assets. The app is available on both Android and iOS devices.
Apart from being an exchange, Crypto.com also offers a crypto wallet to store your digital assets and make payments anywhere that accepts crypto. The Crypto Visa card also gives you more flexibility about spending your coins. You can even earn rewards for every transaction you make. The only drawback of this platform is that it has high transaction fees.
6. Gemini
Sometimes, all you need is peace of mind when trading your crypto. Security is one top priority for Gemini. The Winklevoss twins founded this platform in 2014, and it has grown in recent years. Your information is secure, and they have strict security protocols that prevent hacks and data leaks.
Gemini also protects the funds you hold in your hot wallet. The insurance policy covers fraudulent transfers by Gemini, losses from the hacking of the system, or employee theft. You can be sure that your assets are in safe hands. The only thing that might hold you back is the high transaction fees for small trades.
7. Bisq
Newbie traders want to maintain privacy when starting their venture in crypto. Bisq is a decentralized platform that allows you to buy and sell digital assets without going through a rigorous identity verification and KYC process. You do not even need to register.
The platform is available globally, and anybody can trade on it. The only thing you need is an internet connection and a Bitcoin wallet. You can trade in more than 60 digital assets, including popular ones like BTC, ETH, and XRM. The wallet and trading system runs on native Windows, Mac, and Linux apps. Also, you must deposit at least 0.01 BTC before you start trading.
Summary
Crypto investment is profitable but comes with a lot of risks. A reliable exchange will help you avoid scams and losses from hacking. Also, it will give you a wide range of digital assets and the flexibility to trade on the go. These platforms will help you reduce those risks and make the best out of your trading experience. Your choices will determine your success in this industry.