Over the past decade or so, the cryptocurrency market has experienced a significant boom. With talk of Bitcoin becoming more mainstream, perhaps you’ve been thinking of becoming an investor. Many cryptocurrency trading platforms offer to trade Bitcoins, Ethereum, XRP (Ripple), Altcoin, and more.
But first, you need to choose a reliable cryptocurrency exchange. Many beginner traders make the mistake of signing up on any crypto website they find, which is an error that can expose you to scams and cost you a fortune.
Once you find the best crypto exchange for you, it might surprise you how easy and secure the cryptocurrency trading process can become when using the right trading platform.
Luckily, we’ve reviewed the best cryptocurrency exchange platforms to help you choose the best crypto exchange for your needs.
The Following is the five best cryptocurrency trading platform with their popular features and website links.
Paxful is the leading peer-to-peer cryptocurrency marketplace where buyers and sellers are connected for buying and selling cryptocurrency.
In 2014, Ray Youssef and Artur Schaback founded EasyBitz, renamed Paxful, which comes from the Latin word for “peace.” When they created it, they had one goal in mind: to make Bitcoin easier for everyone, from businesses to merchants.
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The peer-to-peer system of Paxful removes borders and limits. You can think of your Paxful account as your very own financial passport. With it, you can send money and buy things from halfway around the world. Build a business with their Bitcoin affiliate program.
Their community has over 6 million users, and it continues to grow. These users can make trading on Paxful extremely easy and hassle-free.
For more on PAXFUL, check out https://wowplus.net/buy-sell-trade-and-invest-in-cryptocurrency-using-paxful/.
Binance is one of the best crypto exchanges that offer a platform for trading more than 150 cryptocurrencies. In addition, this online program has an API to integrate your current trading application.
It’s not easy to use as some of the top platforms on this list, but they do have one of the most robust trading platforms out there. In addition, they do have a decent mobile app.
Compared to other Bitcoin exchanges, Binance offers a superior selection of cryptocurrencies to trade, with a whopping 600 trading pairs available. But, unfortunately, U.S. traders only have access to roughly 100 of those pairs.
Binance charges a 0.1% fee for both the taker and maker, but these fees scale down with trading volume. Plus, trading in the platform’s native cryptocurrency, Binance Coin (BNB), gives you a 25% discount.
In terms of features, Binance provides a host of educational content for newbies. Still, this crypto exchange mainly specializes in advanced tools for veteran traders, including advanced charting, an incubator lab for blockchain projects, and a launchpad for new tokens.
Other features are
It is one of the top cryptocurrency exchanges that provide 24/7 support.
Binance is compatible with Web, iOS, Android, and P.C. clients.
It offers both basic and advanced exchange interfaces for trading.
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It does a 1.2 bn average daily trading volume with more than 1,400,000 transactions per second.
You can access Binance’s innovative platform either on the exchange website or through the Binance smartphone app, available for free download from the App Store and the Google Play Store.
PrimeXBT is the best crypto site to trade CFDs on Bitcoin, Ethereum, and a variety of other digital assets. PrimeXBT is a cryptocurrency exchange that allows users to access multiple markets from a single account. In addition, it offers easy access to Cryptocurrencies, Stock Indices, Commodities, and Forex.
When you create a PrimeXBT account, you’ll make a minimum deposit of 0.001 BTC. After that, the platform doesn’t charge a deposit fee, but you’ll pay a fixed withdrawal fee of 0.0005 BTC every time. PrimeXBT also charges traders a 0.05% fee for all cryptocurrency-based trades. Finally, keep in mind that you’ll pay Changelly conversion fees as well.
Whichever assets you decide to trade, you’ll enjoy PrimeXBT’s sleek platform with straightforward tools like price charts, Bitcoin leverage, and copy trading. You can also access your account via the PrimeXBT mobile app.
PrimeXBT provides 24/7 customer support in English plus eight other languages to cater to its worldwide user base. In terms of features, primeXBT helps you to copy their trading activity to get the same returns automatically.
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Respond quickly to changing market trends and profit from both rising and falling prices. Supported platforms are Android, iOS.
Coinbase is an online platform that can be utilized to purchase, sell, transfer, and store digital currency. In addition, it securely keeps a wide range of digital assets in offline storage. This platform supports more than 100 countries.
Coinbase is the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can currently purchase Bitcoin, Ethereum, and Litecoin, and 30+ other coins and tokens on the platform. Furthermore, you can earn interest on your USDT and earn token rewards by completing various activities.
Because Coinbase also allows fiat currency trading, it’s one of the best crypto exchanges for beginner traders, enabling them to receive money directly into their bank accounts.
When you create a Coinbase account and deposit $100, you get a bonus ranging from $5 to $10. Like most cryptocurrency exchanges, Coinbase charges a fee per trade, anywhere from $0.99 to $2.99, depending on the trade’s dollar value.
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If you’re a beginner, you’ll appreciate the collection of Coinbase features tailored to your needs. For example, custodial accounts make it easier for crypto newbies to get their feet wet, and a robust collection of learning resources will help you get up to speed.
In terms of features, coinbase provides apps for both iOS and Android devices.
You can schedule your currency trading on a daily, weekly, or monthly basis.
It stores your funds in a vault for safety purposes.
It is one of the largest cryptocurrency exchanges
Get $5 in free Bitcoin for signing up
eToro has been around for a while in the U.K. and throughout Europe, but they allow traders in the United States. They offer a wide variety of digital assets to buy and sell on their platform, and even better, they have a practice trading account so you can give it a try before you use real funds.
On eToro, you can trade the top 15 most popular cryptocurrencies, including Bitcoin, Ethereum, and others.
eToro’s easy-to-use platform provides numerous features that make it one of the best crypto exchanges for beginner traders. If you don’t feel ready to enter the fray just yet, you can practice your trades using a virtual account with $100,000 of pretend money. Plus, eToro provides a wealth of educational content on its website.
You can also communicate with other users through a social media-like dashboard, discussing ideas and entering trades together. Compared to different crypto exchanges, eToro makes the trading process as straightforward as it can be. Traders of all experience levels will have no trouble navigating eToro’s intuitive buy-and-sell order placement, and real-time charting and price updates from the platform’s ProCharts feature will help you make intelligent crypto purchases.
In addition to a fully operational trading app, eToro has a mobile wallet app that you can link to your account for extra security. You can download both apps for free to your Apple or Android device.
Which Crypto Trading Platform Is Right for You?
Whether you’ve been a dedicated investor for a long time or you want to dip a toe into the world of cryptocurrency for the first time, you need to carefully consider all of your options when choosing the best crypto exchange for your needs. Hopefully, our list of top-tier cryptocurrency exchanges will help you make your decision.
If you don’t enjoy your experience with the first crypto exchange you choose, don’t worry. Learning the ropes may take some time if you’re new to cryptocurrency trading, and ultimately, committing to a platform may involve trial and error. Don’t hesitate to try out different exchanges’ practice accounts, if available, to get a feel for each forum.
Once you’ve settled on one of the crypto exchanges we showed you today, taking advantage of the numerous features the platform provides should help you become a knowledgeable, capable cryptocurrency trader before you know it.