In recent years, cryptocurrency has become a very popular form of investment worldwide. Even the more conservative economies, such as India, witnessed an unbridled increase in the number of small and large investors trading cryptos. Of course there are mixed reactions from governments around the world; For example, El Salvador recognized Bitcoin as legal tender, while India imposed a 30 percent tax on crypto income. However, this wave of diverging reactions has not dampened investor sentiment, as evidenced by rising trading volumes each month.
It is quite likely that you are reading this article if you are interested in crypto-related investments. We cannot cover everything here, but we can definitely give you a head start on the right platforms where crypto trading is best done. These crypto exchanges are among the best in the world and provide you with the right foundation to explore opportunities. In this regard, let’s take a look at what we have.
Binance was founded in 2017 and is known for its many benefits. For starters, it’s a highly simplified platform, so anyone new to the crypto world will find it seamless to navigate the ecosystem. The intuitive controls help investors with their trading. In addition, the platform charges low fees and maintains a portfolio of a large number of cryptocurrencies to trade. In addition, it ranks highly in terms of cybersecurity measures.
The oldest crypt currency exchange on the list, Kraken was established way back in the year 2011. It serves as an exchange platform for fiat currency and cryptocurrencies and currently operates in more than 170 countries. It comes with a range of benefits for the first time, as well as seasoned investors, such as low fees and a good range of coins to trade. However, it is common that beginners in cryptocurrencies may find the platform a bit too advanced to use. Like Binance, Kraken ranks high when it comes to security.
Coinbase is an American crypto exchange founded in the year 2012. Last year it went public on the NASDAQ and attracted a lot of attention from global investors. Coinbase’s reputation lies in its diverse wallet and secure transaction framework. It comes with a simple, quick-to-use interface; however, when it comes to the fee structure, it can be a bit complicated. Moreover, it operates an educational platform to teach investors about cryptos and rewards them with cryptos upon successful completion of the course.
Based in Singapore, Crypto.com is a cryptocurrency exchange with millions of users transacting every year. It is notable for its sponsorship deals with various sports associations and teams, such as Formula 1 and the Montreal Canadiens. The platform offers several attractive features such as a crypto rewards debit card that allows users to use their coin-based rewards more effectively. It also ranks very highly in terms of cybersecurity. The only major drawback of using the platform is the high trading fees charged to small investors.
Founded in 2014, Gemini is a popular cryptocurrency exchange that remains the first licensed ether exchange in the world. It is also the world’s first licensed Zcash exchange. When it comes to the giveaways, the best is probably the simplified user interface that has found a strong preference among beginners. However, it comes with a confusing cost structure that falls more on the expensive side. The security framework has been very well received and uses NASDAQ SMARTs technology to detect, flag and remove fraudulent activity such as price manipulation on the platform.
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