To start trading in cryptocurrencies and other digital assets, you need to register with an exchange platform. Some of the best cryptocurrency exchanges include:
Top Cryptocurrency Exchanges
Coinbase and Coinbase Pro
Coinbase is the most popular cryptocurrency exchange platform in the United States. It also stands at the top of the list of the best cryptocurrency exchanges overall. Coinbase was launched in 2012, a few years after Bitcoin was launched. The exchange platform is regulated and licensed as a cryptocurrency exchange.
A lot of advantages come with choosing Coinbase as your cryptocurrency exchange platform. It gives you access to a wide range of cryptocurrencies that you can trade-in. It also has a friendly User Interface and provides its users with high liquidity levels. However, Coinbase charges relatively high fees and you will not have control over your wallet keys. Some of these issues can be overcome by signing up for Coinbase Pro.
Cash App is a cryptocurrency exchange that is best suited for beginners. Cash App mainly works as a money transfer platform. It also offers debit cards that users can use to make purchases. However, Cash App has more advanced features such as allowing its users to trade in cryptocurrency. The platform is very easy to use and this makes it ideal for investors who are just getting started with cryptocurrencies.
Cash App makes it possible for users to withdraw Bitcoin to their personal wallets. This makes sure that you are able to spend your money as you want to, which makes Cash App one of the best choices in the crypto community. Cash App charges a fee for every transaction on the platform.
Binance was started in 2017 and it mainly focused on trading altcoin. One of the most superior things about Binance is that it provides more than 100 different trading pairs for different cryptocurrencies. Binance also offers a lower transaction fee when compared to most of the other exchanges. It is however more suitable for advanced users.
EToro is the best cryptocurrency exchange platform for users who are interested in Bitcoin, Ethereum and Litecoin. EToro is also the largest cryptocurrency exchange platform in the world and it has more than 18 million users across the world. The best thing about EToro is that it has a presence in more than 140 countries. EToro is also the best platform for new investors because it offers social and copy trading services.
Based on your knowledge and experience in the crypto market, which of the above cryptocurrency exchange platforms is the best?
- Coinbase and Coinbase Pro