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Top 6 Crypto Exchange Trading Platforms
Binance
The headquarters of this platform is in Malta. Binance has experienced a major boom since found in 2017. It is known as the most reliable platform. If comparing with other platforms, Binance has an exceptionally high trading volumés. When you join this platform, you have to comply with US regulations.
Binance provides a lot of altcoin trading options. Besides that, you are able to trade fiat money, too. Traders can trade with superior selections of cryptocurrencies. 600 trading pairs are available on Binance now.
Binance allows traders to buy different cryptocurrencies and settle payments by different methods such as credit, debit cards. Traders have to pay a 0.1% fee to purchase on Binance. The bigger your trading volumes are, the smaller the fee is. You also have the opportunity to receive a 25% discount if the coin you trade is a Binance coin or BNB – the native cryptocurrency of this platform.
Coinbase Pro
Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. Founded in June of 2012, Coinbase is one of the world’s oldest and largest digital currency wallet and exchange platforms. They have served 20 million users and have processed $150 billion of digital currency transactions as of December 2018.
BlockFi
Many major and experienced traders said that the best crypto trading platform for you to earn interest is BlockFi. You can find here 11 cryptocurrencies. Same as Binance, BlockFi has complied with US regulations.
One of the outstanding features of this platform is no fee for trading and no minimum deposit. If you want to expand your profile, BlockFi offers a variety of accounts: regular trading/business/ or crypto-backed loans….
On BlockFi, you can trade anywhere, anytime. There is not any trouble navigating the platform to trade.
eToro
The next on this list is the eToro platform. For many traders, this is the top choice if you want to be a trader in the cryptocurrency market. Found in 2007 and known as RetailFX, until now this platform becomes one of the best crypto exchange platforms. Over 17 million users joined eToro.
eToro allows trading 15 cryptocurrencies. The trading process on eToro is straightforward. Even new traders don’t have trouble while trading. For extra security, you can link the mobile wallet app to your account. To join eToro, you need to pay a minimum deposit of 50$.
CEX.IO
The headquarter of this trading platform is in London. You can choose and trade Bitcoin and more than 80 cryptos. Accessing CEX.IO on Android or iOS is available. Traders need to pay fee ranges from 0.-0.16% if they are seller, and 0.1-0.25% if you are a buyer.
The instant buy feature of CEX.IO allows all users to access it. It also offers a mobile app, crypto-backed loans, or staking rewards. In case you are a business or organization, you can use aggregator or payment management services.
PrimeXBT
PrimeXBT operates in 150 countries although this platform was found just in 2018. So, it can say that PrimeXBT has grown exponentially. One of PrimeXBT’s key features is user security. This is their priority. Your funds will be stored in the offline wallet.
PrimeXBT allows traders to trade more than 50 assets. But you only use Bitcoin to pay. PrimeXBT doesn’t accept fiat currencies. So, you have to convert your coin to Bitcoin. Converting is not complicated. You must make a deposit of 0.001 Bitcoin when you create an account on PrimeXBT.
Closing Ideas
Each trading platform has its own pros and cons. If it is the first time you have joined the cryptocurrency market, very critical for you to check and learn about cryptocurrency trading platforms. You should try out some platform and get the feel before you make the final decision.
Gary Forghetti
1 month ago
Do people typically leave their crypto in the wallet of the exchange they are trading on or do they transfer to a separate wallet outside of that exchange? I typically use Coinbase Pro and leave my crypto in the wallet of that platform. But I also have access to Coinbase Wallet and, since I plan on holding long term, I am starting to think it might be smart to transfer my crypto to another wallet once my purchases are made. What’s the best play? Anyone have any thoughts here?
Reply
Andrew Langford
1 month ago
Reply to Gary Forghetti
I have the same question about binance I’m sure the answers will be similar for either coinbase and binance
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Anthony Johnson
1 month ago
If you’re staying in long-term it’s best to move money to your own personal wallet. That way you hold the keys. Technically, leaving it in the exchange means that they have the keys, which means they have your money. I only leave small amounts in the exchange, the rest I transfer out to hard wallet.
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Jag Johnson Espinosa
1 month ago
A lot of people say that hardware wallets are the safest. i feel it is the opposite. The hardware can get destroyed or corrupted, or you simply might lose it.
Next best thing would be mobile wallets like Trust Wallet, coinbase wallet, MetaMask, klever. Etc
There is a saying, “not your keys, not your coins.”
But even if you have the keys, nowadays, there’s countless people connecting their wallets to shady sites inadvertently, and losing all their hard earned coins.
Here’s what i did when i had $11 grand held hostage at hotbit. Their site went down for about 2 or 3 weeks.
I sent about half of the money to 8 to 10 different exchangers. Now if 1 exchanger goes down, at least its only 5 to 10 percent gone.
The other half i keep on mobile wallets.
To be extra safe you could send the crypto your wallet, write down the keys and passphrase, then reinstall or create a new wallet.
That way your crypto is on paper only.
Now even if you connect your wallet to a scam site, the bulk of your funds are safe.
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Micheal Anthony Bennett
1 month ago
best advice is keep ur trading account at a certain balance needed to trade and keep profits or ur hodl bag separate in a wallet where you control the keys
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Kevin McAuliffe
1 month ago
If you lose your wallet key you’re screwed. No reason IMO. They are a public company. They back up their coins on cold storage. However, I do not tie my main bank account to theirs it’s a dummy account in case it gets hacked.
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Jim Hutches
1 month ago
Reply to Kevin McAuliffe
Who backs coins? I know someone that got 10k stollen a couple years ago and they don’t have it back yet. They got a letter from the exchange saying they got hacked…
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Kevin McAuliffe
1 month ago
Reply to Jim Hutches
Coinbase has insurance other exchanges are risky
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Adam Rivera
1 month ago
Research cold storage. Never lose the keys.
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Carly Smith
1 month ago
Reply to Adam Rivera
Choosing an authoritative cold wallet is very important.
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Jim Hutches
1 month ago
Staking is only done on exchanges for the most part. I just had to make a decision because I wanted to get into staking my long term stuff.
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Vincent Palmieri
1 month ago
Reply to Jim Hutches
stake on the corresponding Blockchain. Exchanges cheat you out of staking rewards.
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Grayson Myles
1 month ago
Best you could do is hold your assets on a decentralized wallet
That way you’re in charge of your own crypto
I personally use the nomics wallet to hold and stake my coins
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Davis Carey
1 month ago
How do you withdraw money from crypto.com?? I have PNC Bank and they don’t accept any kind of crypto trading. Is there another way?
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Tim Dequaltz
1 month ago
So need a little help. I am new to crypto trading. I started with doge then moved to several others on Coinbase. I want access to newer coins and found I need a wallet and then connect the wallet to pancakeswap or or or.
Being new and not wanting to choose wrong. What is the better wallets? What one is easier to get money into? I have been reading and trying to figure this out but am a bit lost
