Top Platforms That Can Be Used for Trading Cryptocurrency

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Cryptocurrency:

Cryptocurrency trading is at the peak. To invest in cryptocurrency is just similar to invest in stocks. Its reason is that we are observing daily swings in the cryptocurrency market. If you want to use cryptocurrency trading, you will have to follow some steps.

Top Platforms That Can Be Used for Trading Cryptocurrency

First, you will have to open an account on a platform that allows crypto investments. Secondly, you will have to deposit funds from your bank. Thirdly, you will have to buy the stock.

At last, you can sell the stock to get profit or to bear the loss. While creating an account on a cryptocurrency platform, you should keep in mind three important things. First, it should be a secure website. Secondly, you should choose a user-friendly website. At last, this platform should allow trading in different verities of cryptocurrencies.

Here, we will discuss the top platforms that you can use for trading cryptocurrency

  • Coinbase:

If you belong to the US, this is the best platform to you for trading cryptocurrency. As we know that Bitcoin was released in 2009. Coinbase was released in 2012. The most important benefit of this platform is that it is fully regulated and licensed. Till now, it has got the license to operate in 40 different countries and territories. That’s why you can easily use it without any fear. When you will use it, you will get a solid variety of altcoin choices. You can easily use it because it is providing a simpler interface to the users. It has very high liquidity. To use this platform, you will have to pay fees between $0.99 to $2.99. While using this platform, you will not face any problem with shady exchanges and fraudulent coins, etc.

  • Binance:

It was established in 2017 and its main focus is on cryptocurrency trading. It is offering more than 100 different trading pairs to the users. The users can also use some flat pairs. Anyhow, most of its pairs are in the cryptocurrency. You can easily use this platform because it is offering lower trading fees than other platforms. It is also the best platform that is offering a large variety of trading pairs. The users can also get benefits from its advanced charting feature. While using this platform, you will have to pay a 0.1% fee from the taker side. On the other hand, you will have to pay a 0.1% fee from the maker side. If you want to buy or purchase cryptocurrencies by using this platform, you can use your credit card.

  • Bisq:

The most important benefit of Bitcoin is that it is giving open and free access to an account. On the other hand, if you want to open an account in a bank, you will have to provide your national identity card. Bisq is providing the best opportunity for people to create an account without providing proof of the nationality or location. It means that it is a decentralized and non-KYC platform. Bisq is offering almost 26 different payment options to the users. You can also operate it from your mobile by using its mobile app. When you will trade on this platform, you will have to pay the trading fee in the form of BTC. While paying the trading fee, you will have to pay a 0.10% fee from the maker side. On the other hand, you will have to pay 0.70% from the trader side.

  • Cash App:

If you are a beginner in the cryptocurrency market, this is the best platform for you. You can also use this platform for trading. By using this app, you can easily pay rent to your roommate. You can also use this app to split food. The users can also use this app to buy something online. This app works just like a bank account. If you have this app, this means that you have your Cash App debit card. If you want to make a peer-to-peer money transfer, this is the best app for you. By using this app, you can also withdraw Bitcoin. Users can easily use this app because it is offering a simple interface to the users. Anyhow, when you will make a transaction by using this app, you will have to pay the fee. The fee of this app depends upon the market value.

  • eToro:

Recommended by a dissertation help firm, it is offering both mobile and web platforms to trade the cryptocurrency. Most people like this platform. That’s why it is operating in almost 140 countries around the world. By using this platform, you can easily trade or invest money. When you will compare the fees of this platform, you will feel that it is offering more transparent fees to the investors. It has lots of advanced trading features. For example, it is the best app that is offering lots of financial instruments. You can easily use these financial instruments on various platforms. Investors and traders can easily invest and withdraw money by using various methods. If you want to replicate the action of the top traders, you can use its CopyTrader feature. If you belong to the US, its transaction fee is almost $0.

  • Kraken:

Just like Cash App, it is also the best trading platform for beginners. By using this platform, you will learn how to trade cryptocurrency. You can also become an expert trader by using its trading techniques. It is also the best platform to learn the changing ways of trading and finance of the people. To keep track of your profile, it is allowing you to manage your portfolio. To save the users from the fraudulent, it is offering the highest quality of security features. While trading, you will have to communicate with your clients. It is allowing the users to connect with their clients by using its 24/7 support service. The users can also use its advanced features for trading. While using this platform, you don’t need to worry about it. Its reason is that they are providing support to all kinds of investors.