Some of the most prominent cryptocurrencies today are Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), but there are many more. When it comes to exchanging their hard-earned cash for decentralized digital currency, investors now have more options than ever before.
In order to prevent your money from being stolen by hackers, it is imperative that you properly investigate a crypto trading platform before making an investment. Where should you begin your search for a Bitcoin exchange? Security measures, ease of use, trading fees and the number of currencies that can be traded all play a role in picking the best crypto exchange for you. But before you engage to these exchanges, you should be making your Bitcoin wallet more secure.
5 Best Cryptocurrency Exchange
Coinbase, a popular Bitcoin exchange, tops the list. Coinbase has improved since its beginning in 2012. Coinbase is a popular Bitcoin exchange. On its website, you may purchase, sell, and store Bitcoin.
Coinbase is a great spot for novice traders to start because of its simple interface and quick onboarding procedure. Experts may use Coinbase Pro, the company’s premier Bitcoin trading platform.
Coinbase accepts a large number of digital currencies and Altcoins, but not all of them. Coinbase is a more costly Bitcoin trading platform with limited payment choices. With Coinbase’s complicated pricing mechanism, customers can expect to pay for every transaction.
Binance can be accessed from over 180 countries. This feature makes it unique and popular cryptocurrency. Binance’s user base has increased rapidly due to its capacity to accept practically any alternative currency. Binance allows anybody to trade cryptocurrencies for as little as $1.
Short movies introduce new Binance users about Bitcoin and blockchain technologies. The last 24 hours saw $95 billion in spot exchange trades. Binance may be the greatest pick for a beginner cryptocurrency trader because to its minimal costs, excellent charting tools, and user-friendly mobile app. It’s easy to understand why Binance has become a global cryptocurrency exchange.
You may not think of Robinhood Markets Inc. (HOOD) when it comes to Bitcoin trading. It’s very uncommon for “meme stocks,” such as GameStop Corporation (GME), to prevent investors from selling their shares until 2021. However, in 2018, Robinhood began to enable trading in cryptocurrencies. Since then, the company has been progressively enhancing its app’s crypto capabilities. The seven cryptocurrencies offered on Robinhood are Bitcoin, Ethereum, Ethereum Classic, Litecoin (LTC), Bitcoin Cash (BCH), and Bitcoin SV (BSV). This crypto exchange may be a good option for individuals who just want to get a taste of the most popular cryptocurrencies.
It’s important to know that Robinhood doesn’t support the transfer of your coins to a crypto wallet of your choice. As a trading app, Robinhood does not enable clients to use their coins to pay for goods and services. Robinhood does not have the bells and whistles of its bigger, more established competitors, so advanced users should go elsewhere. One of the best exchanges for those who are just getting started with Bitcoin is this one
Gemini was formed in 2014 by the Winklevoss twins and has since become a household name in the cryptocurrency business. As far as security and regulatory compliance go, Gemini is a top-notch exchange for Bitcoin and other cryptocurrencies. Bitcoin and Ethereum remain the most popular cryptocurrencies on Gemini, but more than 50 cryptocurrencies, including Bitcoin Cash and the stablecoin Gemini Dollars, may now be traded on the exchange (GUSD).
Gemini is insured by the Federal Deposit Insurance Corporation as a trustee. Gemini’s safety is of the utmost importance, as you may imagine. Regular bank exams and cyber-security checks are carried out on the Gemini exchange. To top it all off, everyone knows about Gemini’s security. Coins on Gemini’s exchange are stored in cold storage and safeguarded by Gemini’s wallet.
Kraken has proven itself as a reliable and secure Bitcoin trading platform since 2011. Kraken’s Pro site is ideal for beginning traders, since it offers many sophisticated features. Margin trading and crypto futures will entice power users, while staking your coins — a way to strengthen the blockchain in exchange for an income stream – will entice the lazy. Kraken caters to both novice cryptocurrency investors and huge financial institutions.
Kraken, according to a spokesperson, has its own unique custody mechanism. However, Kraken maintains that 95% of all deposits are stored in offline, air-gapped cold storage facilities globally. Users may only swap or delete their assets when they want to.