Cryptocurrency exchanges are platforms where crypto traders buy and sell digital currencies like Bitcoin, Ethereum, and Dogecoin. Whether you are new to trading or a veteran, it is important to understand cryptocurrency. This means opening the right crypto exchange platform to sell and buy your cryptocurrency. Yet, with its growth comes the challenge of getting a stable and trusted platform free of scammers.
Other than the security, you also need to consider aspects like fees, supported assets, and payment methods when setting up a cryptocurrency exchange account. Most of the right platforms offer institutional services, staking rewards, and margin trading, with some even crypto-backed loans. For a better trading experience, you need the right exchange cryptocurrency account that will meet your needs better. We performed a cryptocurrency overview to help you choose the best cryptocurrency exchange to invest in.
- Coinbase
If you are a new trader in the market then the Coinbase platform is your best pick to sell, trade, and buy cryptocurrency. This exchange is one of the well-known trading platforms in the US. t is simple to buy, sell, and trade because of its user-friendly interface and comprehensive educational content. If you are a user, it is preferable to take advantage of these learning materials through Coinbase Earn Program. Through the program, you will learn how to trade different cryptocurrencies and earn the free crypto reward by watching educational videos.
It also provides different investment options for institutional and individual investors and can work well for professional traders because of the advanced trading platform it offers. These high-net-worth accounts include Coinbase Pro and Coinbase Prime. In addition, it supports numerous cryptocurrencies, including Ripple, Bitcoin, Dogecoin, and Ethereum. With Coinbase Pro, you will get access to more advanced features like real-time order books, secure trading bots, and charting tools. As a public company trader, you will pay more trading fees. Coinbase keeps 98% of its crypto assets in cold storage to protect user funds and an insurance policy that protects specific custodial accounts.
- Changelly
Changelly is a noncustodial cryptocurrency exchange that offers a wide range of cryptocurrencies of over 400. This means that it does not store your assets, and you need to have a wallet of your own to trade on the platform. You can trade cryptocurrencies at low fees, and its easy-to-use preface allows you to seamlessly trade. Although many traders prefer smaller coins with the hope of getting in before the currencies get more price gains, the smaller coins bear more risks than digital currencies.
Changelly also accepts three fiat currencies USA/EN Dollar (USD), British Pound (GPB), and Euro (EUR). The platform charges low rates for crypto-to-crypto exchanges, unlike when buying cryptocurrency in dollars. Some wallet partners of changelly.com include Trust wallet, Ledger, Exodus, and Trezor. This makes the platform a perfect choice if you want to trade directly from your wallet and not lose your keys.
To exchange cryptocurrency when using Changelly, you have to provide your email address. Other times you will be required to give out more details to exchange with a traditional coin. Despite the few drawbacks, Changelly remains one of the best exchange cryptocurrency platforms. You can easily find the best price at any time due to the numerous types of currencies.
- Binance
Binance cryptocurrency exchange launched in 2017 in China and later moved its operations to Japan. It is the largest exchange worldwide in terms of Coin market cap. Binance and Binance.US are sister companies and have the same interface and experience. Binance.US operates in 45 counties and offers the lowest exchange fees, unlike other crypto exchanges. However, for new crypto traders, the exchange is not the best option.
It offers trading options for both individuals and institutions and supports more than 50 cryptocurrencies. You will also enjoy other benefits such as crypto trading pairs, staking rewards, recurring buys, and OTC trading.
- FTX
FTX.COM is a cryptocurrency exchange which provides derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens and an OTC desk.
In January, the company raised $400M in Series C funding at a $32 Billion valuation from such backers as Temasek, Paradigm, Ontario Teachers’ Pension Plan Board, NEA, IVP, SoftBank Vision Fund 2, Lightspeed Venture Partners, Steadview Capital, Tiger Global, and Insight Partners, among others. This brought total funding raised to date to $1.8 billion.
CoinGecko
As an investor or a crypto trader, you can find useful features and tools on CoinGecko. The platform started operations in 2014. It provides educational materials to welcome beginner traders through the website and mobile apps. CoinGecko acts as a hub for information such as links to websites, social media accounts, and blogs with over 6000 crypto assets. The crypto assets are ranked by market capitalization, with the largest asset ranking highest.
Some features are filters to refine the searches for what you need to know. This makes CoinGecko a one-stop shop for traders and investors seeking reliable information to make informed trading decisions. It also monitors the growth of the crypto industry and various other events.