Cryptocurrency trading and investing adventures are constantly increasing with everyone putting their hard-earned and “real” money into the digital world. The popularity is primarily because of the rise of cryptocurrencies. Honestly, it can be intimidating at first, but the crypto exchange platforms and Bitcoin trading software, such as Bitcoin Boom, are making crypto trading much more convenient and simpler. So, if you are ready to dive into the world of cryptocurrency, we are sharing some of the best crypto exchanges!
Coinbase
To begin with, there are over 123 currencies available with affordable transaction fees. For the take orders, the fee ranges from 0.04% to 0.50% while the maker’s order has transaction charges ranging from 0% to 0.50%. It includes a wallet that helps keep the cryptocurrency stored without compromising on security. The best thing about Coinbase is its convenient user interface while the liquidity is quite high.
On the other hand, the users cannot control the wallet keys. With the availability of convenient exchange, the barrier to entry regarding crypto investment will be eliminated. There are insured custodial wallets available for traders and investors for storing the investments. On top of everything, there is insurance available against hacking and data breaches and the currency will be stored in FDIC-oriented bank accounts.
Cash App
Cash App only has one currency available for trading and the transaction fees vary. It includes a wallet, and the app is quite easy to use. There are multiple flexible options available when you want to withdraw the currency. The best thing about Cash App is that it has peer-to-peer money transfers like Zelle and Venmo. The users can easily withdraw Bitcoin and the user interface is quite simple, making it an apt choice for beginners.
In addition, there are weekly and daily withdrawal limits. It wouldn’t be wrong to say that a Cash App works like a bank account and can get a debit card made for easier usage. Also, it allows the users to invest in ETFs, Bitcoin, and stocks. The mobile interface is incredibly convenient to figure out, so first-time investors can use it.
Bisq
Bisq is your ultimate platform if you want to in multiple currencies, 45 to be precise. Having said that, it supports 18 cryptocurrencies, and the remaining are the fiat ones. The transaction charges range from 0.05% to 0.70%, and yes, a wallet is available for securing the cryptocurrency. This is an open-source and decentralized exchange with no need for KYC requirements. On top of everything, there are over 15 payment options available, and the mobile app is available for iOS as well as Android smartphones.
On the other hand, it’s important to remain cautious about transactions as they can be slow, and the trading volumes are lower. This is a non-custodial platform, promising full control and authority over the wallet and currency. It is different from centralized exchanges as there is no need for registration, making a promising choice for people who don’t have a government-given identification.
Binance
It wouldn’t be wrong to say that Binance is the ultimate star that supports hundreds of cryptocurrencies. Binance’s transaction fees range from 0.015% to 0.1% while the availability of a wallet makes it a fine choice for seamless transactions. What we like about Finance is that it has low transaction fees and has advanced charting with a promising range of trading pairs.
Binance has become a prime choice for advanced investors and traders, but you might have to consider your location as it’s not available in every state. The exchange has been around since 2017 and is focused on altcoin trading, and as of now, it’s become a dominating part of the exchange platform. Last but not least, Binance is a promising choice if you want to chart the currencies.
The Bottom Line
If you’ve been looking to invest in cryptocurrency or trade, choosing the right exchange platform is essential. Ranging from the lowest transaction charges to support for multiple cryptocurrencies and a convenient user interface, there is a platform for everyone in the article above. So, which one are you going to use?
