5 Best Cryptocurrency Trading Sites

By 2 months ago

Cryptocurrencies are the closing chic to sweep the finance world, with Bitcoin (ticker BTC) dominating the captions while Dogecoin (DOGE) nails the punchlines.

As the number of cryptocurrencies on the call continues to expand,
investors have additional options than ever anteriorly to commute their hard­ earned cash for decentralized digital Croesus. But how do you go about trading your favorite cryptocurrency?

The internet is filled with horror stories of hackers swindling dealers of their income from lousily defended cryptocurrency exchanges, making it all the more essential to precisely choose a secure crypto trading platform before you make your investment. That said, which of the legion cryptocurrency exchanges is the noncasual choice for you? .

There are myriad factors that will impact your decision security measures, ease of use, trading charges and the number of coins available for trading all play a part in helping you determine the top crypto exchange for you. To help you find the cryptocurrency trading platform that meets your demands, presently are five options to choose from that will suit a variety of cryptocurrency investors .

  • Coinbase
  • Binance
  • Bisq
  • Robinhood
  • Kraken

Coinbase

Coinbase, one of the most popular crypto exchanges in the world, tops this list. While the cryptocurrency assiduousness has been fraught with fraudulent coins and shady exchanges, Coinbase has largely avoided any difficulty. Coinbase offers an extremely easy-to- use exchange, greatly lowering the fence to entry for cryptocurrency investment, which is normally seen as confusing and complicated.

Binance

Another popular crypto trading site, Binance has only been around for the last four years but has quickly taken the crypto market by storm. Binance is a cryptocurrency exchange that was established in 2017 with a significant focus on altcoin trading. Binance has approximately 100 distinct trade pairings available between various cryptocurrencies. It also has a large number of fiat-crypto pairs.

Bisq

The fundamental idea of Bitcoin is that it provides open and unrestricted access to a unit of account. Banking services, such as a checking or savings account, are only available if you have legally verifiable official identity. This isn’t necessary with Bitcoin, as it may be accessed independently of nationality or location, and without requiring any identity.

Robinhood

For good reason, you might not think of Robinhood when it comes to bitcoin trading. Robinhood is a stock-first app that began offering cryptocurrency trading in 2018. The mobile app is known for commission-free stock trading – and for barring users from selling GameStop Corp. (GME) and other “meme stocks” early this year. In the years afterwards, the company has gradually expanded its crypto offerings, allowing users in specified areas to trade a limited number of cryptocurrencies, including Dogecoin.

Kraken

Kraken is one of the first cryptocurrency trading platforms, with a wide range of coins and tokens to trade and invest in. They also allow you to trade on margin. It is, however, a real exchange that is not as user-friendly as other of the top platforms on this list.
Kraken is one of the few platforms on this list that lets you trade DOGE and other riskier tokens.
Note that US clients have access to a smaller selection of coins and tokens than international customers.

Share
asktechnicians

Recent Posts