Cryptocurrency is the virtual version of your money. The digital currency will be in the form of virtual coins or tokens. These virtual currencies can be used while processing payments. Most investors know the advantage of investing in cryptocurrencies. As cryptocurrency transactions are a quick and easy process. With blockchain technology, no central authority is involved. This helps investors to escape from unnecessary processing charges.
If you’re planning to trade your crypto coins, cryptocurrency exchange websites are the go-to platform for you. You don’t need to be a technical expert to use these cryptocurrency exchanges. Everything is easier and simpler. If you’re unaware of the cryptocurrency exchanges, this article is just for you.
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What is a cryptocurrency exchange?
Whether you’re looking to buy or sell crypto coins, the crypto exchange platform can be an effective thing for you. Most users will use crypto exchange websites to trade their crypto from one to another. It means, depending on their interest, users can convert their Bitcoin (BTC) to Ethereum (ETH). Few users buy crypto coins using traditional currency such as dollars. Also, users can convert crypto coins back into traditional currency on crypto exchanges.
In other words, crypto exchange platforms will act as a middleman between sellers and buyers and earn income through transaction charges and commissions.
Following are the top cryptocurrency exchanges available in the crypto market based on trading volume, traffic and liquidity.
Binance
Have no time! Want to buy crypto coins in minutes? Binance is a one-stop destination for you. Binance is the world’s largest and most popular cryptocurrency exchange. Binance was founded in 2017.
The average daily volume of Binance exchange is 2.0 billion and over 1,400,000+ transactions every second with 24×7 customer support. The exchange platform allows users to deposit U.S dollars through SWIFT and purchase crypto coins. Users can deposit using more than 12 fiat currencies such as Euro, USD, etc. Binance is a perfect option for the one who is planning to trade in altcoins. It offers over 50 different crypto coins to invest or trade. Investors who are looking for advanced charting can choose Binance exchange. The transaction fees are ranging from 0.015% to 0.1%.
Coinbase
Coinbase is the secured crypto exchange platform for buying and selling digital currencies. Transferring and storing crypto coins on Coinbase is simple. Managing your crypto portfolio on Coinbase is simple and easy. You can buy or sell top tokens, keep a track of everything under one roof. Coinbase mobile app is available for iOS and Android users.
There are many reasons to choose Coinbase as your cryptocurrency exchange.
- Secure storage – Yes, you’ve heard it right. Coinbase stores a wide range of digital tokens or assets in secure and safe offline storage.
- Insurance coverage – Coinbase users are protected by FDIC insurance. The maximum insurance coverage is around $25,000.
- Industry top practices – Coinbase platform supports popular cryptocurrencies and digital assets.
Coinbase is supported by 100+ countries with over 89 million verified users. Getting started with Coinbase is easy, create an account, link your existing bank account and start trading or investing. Coinbase transaction charges range from 0.04% to 0.50%.
Kraken
Trading is now easier than ever with Kraken. The platform has got you covered, whether you’re planning to buy Bitcoin or sell your existing coins, Kraken is a great choice for you. The platform allows simple deposits, withdrawals and more. Measuring your crypto portfolio performance within a few simple clicks. Kraken is a convenient place to keep track of your crypto or digital assets. Check out the live crypto prices for 124 digital assets.
Kraken understands the importance of security. The platform offers its users with utmost security. Most crypto coins are held securely in the cold wallet. It means, no unauthorized access or bad actors can reach it.
If you’re unable to sell your crypto on Kraken, you can reach out to Kraken customer support. They will make sure to provide solutions for your issues. No matter where you are, Kraken’s extensive support will help you anywhere at any time.
Gemini
Everything is simple and straightforward on the Gemini crypto exchange. Users can easily research the cryptocurrency market, buy digital assets and build a powerful portfolio as well. Gemini offers a streamlined trading view. It means users can access all the existing tools and understand how to invest. With the user-friendly interface, investors can start investing without hassles. You can download transaction histories and account statements. Also, Gemini offers cryptocurrencies withdrawal to go to authorized users.
Buying, selling and trading is easier on Gemini. Investors can trade their assets, manage crypto holdings on the secured platform. You can manage your portfolio at a single glance on Gemini. Viewing account balance, checking the per cent change at your fingertips through “My Portfolio”.
BlockFi
Want to earn some extra bucks? Yes! BlockFi is the perfect platform for you. It was founded in 2017. More than $700 million are rewarded as a crypto interest to global users on BlockFi. The attractive part of BlockFi is you can earn upto 10% interest through the BlockFi interest account. You can earn interest daily or monthly, depending on your convenience. No hidden charges or minimum balances are required. Create an account now and start earning on BlockFi.
BlockFi allows low-cost trading for top cryptos. Simply put, buy, sell or trade a wide range of cryptos at cost-effective prices and also store all your crypto assets at a convenient place. There are many reasons to choose BlockFi. The key reasons are BlockFi offers leading protection and security measures to give you peace of mind, good customer support and cheaper trading rates.
Final thoughts
Are you planning to invest or trade cryptocurrencies? You should use cryptocurrency exchanges. These platforms work almost similar to the stockbroker. They offer you a set of tools to sell or buy cryptocurrencies such as Bitcoin, Litecoin, Ethereum and more. Choosing an effective cryptocurrency exchange that is offering low transaction fees, powerful security features and easy buying or selling crypto coins. Hope the above mentioned top cryptocurrency exchanges might help you. Have a closer look at every crypto exchange and pick the best one that meets your requirements. Keep a note, it’s important to perform research and analysis before investing or trading on cryptos.
