The process of understanding cryptocurrencies alone can be daunting. If you’re new to the trade at all, even more so with its unique set of rules and guidelines to follow – not to mention the specifics of actually buying and selling the assets. This is where cryptocurrency exchanges come in.
Cryptocurrency exchanges are online services that work similarly with a stockbroker, handing you specific tools that can make you buy and sell digital currencies (such as BTC, LTC, Ethereum, etc.) with ease. You’ll know a good exchange if you’re able to do all of that with convenience, all with low fees and strong security features.
The sudden growth of the cryptocurrency rave has all been catapulted into mainstream finance, making the potential for investing skyrocket along with it. Investors have now, more than ever, want to be part of the burgeoning subculture of digital currency and its promising profits.
When it comes to choosing the right crypto exchange platform for you, there seldom is that ‘one size fits all’ model. You’re going to have specific needs you want met with your e-coins, and the appropriate platform will deliver that for you.
1. 7b – Secure and Anonymous
7b – is a new crypto broker for simple, safe, and rewarding trading. It is a reliable intermediary that assists with processing crypto transactions and accompanies traders at all stages of the process and provides analytical and statistical data required for making more accurate decisions. 7b crypto broker completes trades on behalf of the user through the Android app. In fact, you get an app that will be your personal assistant in trading that is always with you.
What are the main features of 7b broker? Here are several important things to remember:
- Friendly environment suitable for beginners;
- All the necessary financial instruments for advanced traders;
- Utmost security provided by a broker trading app;
- Easy-to-use portfolio with many useful data and details.
Arguably one of the most popular and best cryptocurrency exchanges to date, Coinbase has been a long-time fan favourite between traders for many reasons. You can purchase Bitcoin, Ethereum, Litecoin, as well as 50+ coins directly with USD. You can even go so far as interest your UDST, all the while earning token rewards through various activities in doing so. It makes buying and selling cryptocurrencies fairly easy, with its strong security and transparent pricing. You can look at the crypto currency deals and decide which one suits you best.
Aside from the bigger cryptocoins, Coinbase also offers multiple investment options for individual and institutional clients. Some of its account features include staking rewards, iOS and Android mobile apps, and a Coinbase Earn account option that pays you in crypto assets for watching educational videos.
This Malta-based exchange was founded in China, in 2017. Binance also belongs to the titular lists of credible crypto platforms, having offered their services globally for quite some time now. Binance allows you to buy, sell, and trade cryptocurrency – basically the whole thing – while only charging 0.1% on trades.
You have the option to earn interest on your coins by staking them for a while and earning an interest rate of between 0.5-10%. Binance is a recommended platform to get into other currencies such as Cardano or Neo, because of its proprietary system that utilizes robust mechanisms that cater not only to the bigger crypto names.
With a modular focus on security and transparency, Gemini is also another widely-regarded exchange platform that makes it a point to protect its customers first but still deliver positive results. To date, Gemini is one of the only exchanges that offer FDIC-protection on USD deposits.
Guardarian has one of the most simple and elegant solutions when wanting to buy crypto fast, without registering an account! You can smoothly choose from over 250+ cryptocurrencies to buy and sell with your preferred fiat currency. Not only will you get to buy all of the popular coins like Bitcoin, Ethereum, Solana, Monero, and Tether you will also have an amazing time finding curious new and already established altcoins which can become part of your crypto wallet.
For crypto enthusiasts like yourself, exchanging digital assets needs more than just a gateway provider, you also need to trust the company and with Guardarian’s reliable stance amongst other European-based fintech companies, they offer you the utmost certainty that your transactions are in safe hands.
What started out as one of the original crypto trading platforms ever, Kraken has grown to become one of the most formidable dealers in the market. It houses a generous archive of coins and tokens for the average trader – and then some. Like the exchanges above, Kraken has 50+ cryptocurrencies with an array of options both for retail investors and institutional investors. But when it comes to global support, the exchange currently supports traders in nearly 200 countries.
The exchange also offers its own futures trading platforms. But institutional clients can take advantage of expert insights, one-on-one consultations, account management support, and more.
While not necessarily a new face in the European market, it’s only recently that eToro has expanded its services in the United States. They offer a wide variety of services catering the crypto genre, from buying and selling digital assets to practice trading accounts before dipping into real funds.
As an exchange platform, eToro offers 6 crypto coins (Bitcoin, Bitcoin Cash, Ethereum, XRP, Litecoin, and XLM) for investors. While some may argue it comes a bit short in comparison to the other platforms, being able to house all the major coins in one place is a feat of convenience that goes by largely underrated.
This Hong Kong-based exchange platform founded in 2016 is another popular one that allows users to trade, buy, sell, and spend. An all-in house setting, but what it’s particularly known for around crypto circles is its unbeatable prices – Crypto.com has a remarkably low fee that starts between 0.04% to 0.20%.
Aside from that, Crypto.com also allows users to have a non-custodial DeFi wallet that can be monitored through a separate app of its own. With it, you can link that account to your main one for ease of transfer of funds.
Launched in 2014 primarily as a decentralized exchange, Bisq has servers set up all over the world as opposed to having only a main headquartered building. This convenience of location brings in more security for each transaction, making it virtually impossible for someone to steal your money.
If you’re looking to get started with cryptocurrency trading or investing, this is a beginner-friendly place to start out with. Bisq allows everyone the option to try out different exchanges, testing the waters to see which one would best fit their financial or trading goals. Whether you want the most currencies, the lowest fees, or the easiest experience, chances are you’ll find a likely choice in any of Bisq’s 120+ cryptocurrencies and many fiats.
Arguably one of the longest-running players in the game, TradeStation is a Florida-based company first established in 1982. Due to its unparalleled longevity and credibility in the field, the platform is mostly geared towards more advanced and intermediate crypto investors.
While predominantly known for its stock trading regime, TradeStation does have a few services in the direction of cryptocurrency. They currently offer 4 cryptocurrency options: Bitcoin, Bitcoin Cash, Litecoin, and USD Coin; and give users the flexibility to sell, invest, trade, or earn from them.
With over a billion digital coins in circulation, it can be overwhelming to know which one you should stick with. We hope this list narrowed down your choices and you can begin your long-awaited trading journey!