With most of the focus being on cryptocurrencies in the past few years, it is only very wise and essential that you invest your money in cryptocurrency platforms that are safe and secure.
The narrative for making money has changed over the years. Cryptocurrency trading sets the pace for digital trading, and there are fantastic platforms where you can carry out this trade and make as much money as you want.
In this article, we will look at the best cryptocurrency trading platforms that are out there so that you can carefully select the one that works perfectly for you.
The best cryptocurrency trading platforms
Carefully look through this list to choose which one works best for you.
1. CEX.IO
CEX.IO is one of the most trusted crypto trading platforms in the past years and even currently, and that’s not merely because they’re registered in the UK under some of the strictest licenses, like FinCEN, but because users of the platform have great stories to tell about their experience on the site.
CEX.IO trades various cryptocurrencies, among which you’ll find some like Bitcoin, Dash, and Zcash, just to mention a few. They accept funding with different options like credit and debit cards (MasterCard and Visa), direct bank transfers, and others. They also give you advanced reports that help you see what to invest in and when.
2. BitBuy
BitBuy is a Canadian company that offers a limited number of cryptocurrencies, including only Bitcoin, Ripples, Bitcoin Cash, Litecoin, and Ethereum. Another downside is that their services are only available to people in Canada. However, their services are safe and secure. You don’t even have to worry about losing your funds except to a bad trade.
Their software offers a two-factor authentication that allows you and only you the access to your crypto funds.
3. Luno
Luno is another cryptocurrency trading platform like BitBuy that offers only a minimal number of cryptocurrencies, including Bitcoin, Ethereum, Ripples, Bitcoin Cash, and Litecoin. However, their site is secure, and they also offer some advanced reports concerning the crypto market to guide you on your trading journey.
Luno offers you the option of locking your mobile application with fingerprint technology to further create another layer of security for your investment, and that is aside from the two-factor authentication.
4. Coinbase
Coinbase has one of the most navigable apps you’ll find among any of the other cryptocurrency trading platforms. It’s safe to say that they’re among the most prominent platforms, and you’ll agree with me that it’s not merely because they do the most advertising. It’s basically because most users have a great user experience, and they spread the word.
Coinbase has been around since 2012 and is still rocking every list of cryptocurrency trading platforms to look out for. The platform was founded in San Francisco, California, and is now present in over 32 countries. The company’s portfolio management is top-notch, and their level of security will keep your mind at peace if you eventually decide to use the platform.
5. Changelly
Changelly makes trading cryptocurrencies an effortless and straightforward activity. No need for all the KYC and personal information. That’s another style of privacy and security if you ask me. I mean, why would you have to worry about getting your details in the hands of the wrong person when you don’t even have to present them during registration in the first place?
Changelly is now present everywhere in the world. As if that’s not enough, they also support multiple cryptocurrencies and different funding options. You can use their platform on their very navigable website or mobile app.
6. Bittrex
Bittrex is a US-based cryptocurrencies trading platform that supports some of the most prominent and volatile digital currencies like Litecoin, nextcoin, darkcoin, Ethereum, Neucoin, Bitcoin, and many others. They use KYC and other forms of privacy options for the purpose of security.
You will enjoy Bittrex more if you’re in the United States. Their regulations and licenses go perfectly in line with the jurisdiction of the United States, which means that you’ll be safe, secure, and you’ll enjoy enough privacy.
7. Binance
Although Binance is still relatively new in the business, it has quickly gained the trust of so many crypto traders both in Malta and other places in the world. Binance supports hundreds of cryptocurrencies and allows you to use their services both on mobile apps and on their website. You can start your journey to becoming a cryptocurrency trading expert with Binance because they offer tips and strategies on how to trade with caution.
Binance provides a multi-layered security approach. To make it even much smarter, they offer data management, availability of open-source API, and application processing. You can get their app right now and start your journey.
How to choose the best cryptocurrency trading platforms
The following tips should help you decide which trading platform to choose and why.
- Reputation: you need to read reviews if possible to know if the company has been around for a while and have been doing well over time.
- Safety and security: nothing is more important than ensuring that your information is safe with any platform.
- Funding options: you need to be assured that you can fund your crypto wallet with different payment options ranging from direct bank transfers, debit cards, credit cards, or even from other e-wallets.
- Price of the currencies: compare the cost of their assets with the price at other trading platforms to ensure that you’re not buying a token for twice the price that it is sold on other platforms.
- Trading fees: most of the trading fees at cryptocurrency trading platforms are total ripoffs. They make selling and buying very difficult because, by the time you sell and buy a currency, you would have lost most of the profits to fees.
Conclusion
Before you decide which of the above cryptocurrency trading platforms you want to choose, ensure that you test them based on the tips that follow. It will help you ensure that you’re getting nothing but the best.
Once you’re able to trade, you might want to check out some of the cool stuff you can do with your cryptocurrencies like Bitcoin virtual betting, buying shares, and many others.
The published material expresses the position of the author, which may not coincide with the opinion of the editor.