7 Popular Cryptocurrencies Exchange Platforms to Explore for 2021
Cryptocurrency is maintaining its reputation as being a new and exciting way of investing with the possibility of getting a high return. Despite media scare tactics, many people around the world have started to get involved in the world of cryptocurrency.
Because of this, crypto trading platforms are upsurging with the skyrocketing number of investors. This makes it challenging when it comes to selecting the right cryptocurrency exchange platform. Here we’ll discuss some of the most popular ones.
Kraken is a US-based cryptocurrency trading platform that has been running successfully since 2011. Kraken is widely known for its excellent services, many helpful features, and over 50 types of cryptocurrencies to trade.
Kraken has 24/7 support, account management services, learning guides, and more. They also offer numerous security features in addition to 2FA including customizable, granular API key permissions with range boundaries, PGP signed and encrypted email for secure communication, and constant real-time monitoring for suspicious activity.
Binance is one of the most popular cryptocurrency trading platforms in the market with over 100 cryptocurrencies available. It’s a great platform for amateurs as it helps them learn cryptocurrency trading, and it boasts an excellent user interface so traders can use this platform without.
While Binance is the top exchange in the world, if you are located in the United States, you’ll have to visit their .us site instead of their .com site because the SEC limits financial derivatives for crypto trades in the United States.
eToro is well known for being a trustworthy exchange. It provides worldwide service and has headquarters around the world. This platform is popular in UK and Europe but it is becoming more popular in the United States as well.
What’s interesting about eToro is its social trading platform. With social trading, you can copy the strategies of other traders as they share them on the platform. You can choose someone who gets the results you hope to achieve and just do what they do.
Robinhood is unique in that it offers regular stocks as well as crypto trading. They offer stocks and funds, options, gold, crypto, and cash management. This company also values education to make trading available to everyone, not only people with lots of money.
With no account minimum and an easy-to-use interface, this is a great platform for beginners, while still havening plenty to offer those who have been in the game for a while.
CEX.IO is a UK-based cryptocurrency exchange platform that has been around since 2013. They have over four million customers and serve most countries around the world.
This platform offers a brokerage service that’s good for beginners, as well as a trading platform for those with more experience. However, they offer fewer cryptos than other companies and they have higher fees.
Gemini is one of the simplest exchanges to use, making it great for beginners. They offer an option to earn daily interest, up to 7.5% APY on your crypto, including stablecoins. Soon they will also have a Gemini credit card that will allow you to earn cashback and rewards with no annual fee.
While Gemini is perfect for beginners, they also offer institutional accounts. Add to this high security and an abundance of learning resources, and Gemini has something for everyone.
Coinbase is where most who are new to crypto get started, and with good reason. They have been around almost from the beginning, and they have easy-to-use tools. With over 43 million users in over 100 countries, Coinbase clearly knows what they are doing.
Coinbase has no account minimum and has opportunities to earn free crypto. Usually, you can get free Bitcoin just for opening an account. Add in the tremendous amount of educational resources and you have a perfect place to get your feet wet, and beyond.
These are only a few of the most popular exchanges. I’d love to know your favorites, and what you like about them. Let me know in the comments!