With the continued rise in popularity of cryptocurrency, everyone is starting to have crypto-investments of their own. Due to their transparent, cost-effective and efficient nature, a lot of people are looking at digital assets as an alternative way to invest and use as currency.
As the demand for crypto continues to grow, users are looking for exchanges where they can trade and purchase tokens. With the number of exchanges in the market, it’s a challenge for people to look for a platform that can deliver quality services.
If you’re curious to know more, here are some of the most reliable exchanges in the market you should know about:
Kraken
Established in 2011, but officially started making offerings in 2013, Kraken is known to provide excellent trading operations to many cryptocurrency users.
Because of their seamless transfer of assets and trading features, Kraken rose as one of the most prominent crypto exchanges around. They are known for their futures and margin trading features, which are ideal for people who are looking for advanced options in trading.
Benefits and features
A large range of cryptocurrencies
Kraken offers a large range of currencies for selling or buying. As of writing, the exchange offers 80 tokens available on their site. Also, if your currency isn’t a part of their accepted payment offers, they have pair features that enable you to convert your money to available fiat.
Finally, the great thing about Kraken is that they offer lower rates for different currencies when compared to their competitors.
Physical and digital security measures
Taking the top spot with a perfect score in exchange security review site CER’s tests, investing in crypto with Kraken is an excellent choice for traders who value security.
Kraken keeps its security tight by placing 95% of offline investor deposits in cold storage units all over the globe. Additionally, the servers of the exchange are securely placed in places protected by armed guards and video monitors 24/7.
Additionally, investor’s important data, such as contact information, is safe through security level encryption. Finally, Kraken keeps investor information safe by doing regular checkups of vulnerabilities of the systems.
Easy-to-use platform
For investors just starting to invest in cryptocurrency, Kraken’s platform offers an intuitive and easy to navigate page design. Users can access important information regarding trading and services on the page along with other relevant links.
In addition to this, it’s easy to become a verified investor at Kraken. However, the highest tier, Pro, takes a longer time to verify since it’s reviewed manually.
Gemini
Gemini is one of the most popular exchanges in the market established in 2015. Launched by Tyler and Cameron Winklevoss, this exchange features a top-tier platform that offers a wide range of tokens and liquidity services for experienced and beginners in crypto trading. Additionally, Gemini is accessible across any devices such as mobile, laptop and tablets for ease of use.
Benefits and features
A wide selection of currencies
Gemini is known to have a wide selection of cryptocurrencies such as Bitcoin, Ethereum, XRP and more. They also feature lesser-known coins for users who are not ready to invest in big currencies.
Gemini Pay
One of the most notable features of Gemini is GeminiPay. This mobile app can be accessed by downloading the app and can be used to pay transactions to over 30,000 retail stores. For users, they can earn interest on the exchange if they utilise this feature. In addition to this feature, Gemini also features a card that can be used for transactions.
Binance
A cryptocurrency exchange that began in 2017, Binance has become a popular platform in the world thanks to its large portfolio of affordable cryptocurrencies. As of writing, Binance offers more than 500 tokens such as Bitcoin, Ether, Litecoin, XRP and more.
Benefits and features
Large crypto selection
Binance is one of the largest cryptocurrency platforms in the world as it gives international users access to more than 280 currencies. For US users, they have access to 50 types of cryptocurrencies.
User-friendly
Another feature that makes Binance an ideal platform for trading is its easy-to-navigate site that provides a straightforward interface fit for both beginners and experienced traders. Additionally, it also has charts and graphs that can help users track the market movement.
Earn up to 10% holdings
While you’re investing through Binance, you’ll be able to earn rewards. Depending on the currency you’ve invested in, the rewards investors can vary between 0.5% and 10%.
For more advanced international cryptocurrency traders, Binance will give you a wide array of currency options to invest in.
Coinbase
Founded in 2012, Coinbase has become the leading mainstream cryptocurrency exchange in the United States.
Thanks to their wide selection of currencies, useful learning modules, and giving out free tokens to their investors for learning about cryptocurrency investing, Coinbase has amassed more than 43 million verified users in over 100 countries.
Additionally, the site features an easy-to-use interface that will help users find what they need on Coinbase.
Benefits and features
Great selection of cryptocurrencies
As of writing, Coinbase offers 5,223 tokens, so investors can choose currencies that fit their budget and needs. From Bitcoin to a variety of new and old digital tokens, users can find a token worth investing in.
Educational platform
For those just starting to use cryptocurrencies, Coinbase provides articles that can guide new and experienced crypto users. From an introduction to Bitcoin to deep topics such as tax implications of cryptocurrency investing, Coinbase continues to educate its investors.
Earning through learning
One of the reasons Coinbase is incredibly popular is because of its incentives program. That as investors learn about newer digital assets through videos and quizzes, investors can earn up to $10.