With the rise of crypto communities and investors, it’s not difficult to start choosing a cryptocurrency you’d trade, as well as watch out for the latest forks and updates. However, when you’re just a budding crypto enthusiast, choosing a reliable crypto exchange platform might feel like a challenge. These trading services almost work similarly with stockbrokers, allowing you to buy and sell digital currencies with low fees and strong security measures in place.
Luckily, Casino Days India has compiled a list of the best crypto exchanges providing various withdrawal options, pricing, cryptocurrencies and security features. Check them out below:
Launched in June 2012, Coinbase offers more than 80 digital currencies on its platform, including Dogecoin (DOGE), Ripple (XRP) and Cardano (ADA). This crypto exchange has managed to uphold its credibility despite the growing controversies in the crypto exchanges involving fraud and fishy transactions.
What makes Coinbase ideal for up-and-coming crypto investors is its interface that’s straightforward and friendly. The site makes it easier for you to build your crypto portfolio, reducing the intimidation of investing in digital currencies.
You can access the platform on iOS and Android devices where you can score staking rewards. A Coinbase Earn account option is also available that rewards you with crypto assets for watching educational video content!
Moreover, Coinbase carries insurance against theft and data breaches to prevent cybercriminals from draining your accounts. However, you still need to make sure that no one gets access to your account but you. Once you lose your holdings from outside parties, it is not covered by insurance offered by the platform.
Just like Coinbase, Kraken has more than 80 cryptocurrencies catered to institutions and retail investors. Aside from trading crypto, the platform also offers margin accounts where investors can temporarily borrow money for trading crypto assets.
You can even opt for futures trading in which you can obtain legal contracts to trade your holdings at a specific price and date. It is available for Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC) and Ripple (XRP).
For institutional clients, they can take advantage of Kraken’s one-on-one consultations, account management teams and insights from the experts. However, all users can join the staking rewards program and watch educational videos on crypto trading.
Kraken also offers a great start for beginners with a simple purchase process. All you have to do is link your bank details to your Kraken account for easy conversion of funds. It would only take a few seconds to accomplish the order form, allowing you to directly buy crypto using your bank account.
Founded in 2017, Binance.US exchange mostly focuses on altcoin trading. Although it was previously banned in the US due to money laundering concerns, the platform is now one of the leading exchange spaces that dominate a huge chunk of the crypto trading volume. Like Coinbase and Kraken, it offers a wide array of investment options for private individuals and institutional investors.
Binance.US offers a variety of features such as crypto trading pairs, ITC trading, stablecoins and staking rewards. The platform also provides recurring buys, an automated feature that allows you to automatically invest on the schedule that you set.
For institutional investors, Binance.US has a Websocket feed that displays real-time market data, 24/7 customer service, OTC trading portal and monthly staking rewards for institutions.
Moreover, since the platform prioritizes altcoin trading, this is where you can invest in lesser-known cryptocurrencies. These include the following:
- Radio Caca (RACA)
- Crypto.com Coin (CRO)
- The Sandbox (SAND)
- FalconX (FALCX)
- Pixl Coin (PXLC)
One of the best crypto exchanges that you can find online is Bisq—a decentralised and open-source platform without Know-Your-Customer (KYC) restrictions. It is a non-custodial exchange site, which means that no one but you can access or control your digital assets.
Moreover, its decentralised nature allows you to trade your crypto holdings through a peer-to-peer network, eliminating the need for third parties.
Since the platform has no KYC requirements and a registration process, it is the most ideal option for investors residing in oppressive countries or who do not possess a government-issued ID.
Bisq won’t ask for any of your private information when funding your account, removing the waiting period for validation. However, it will only allow you a specific amount of crypto that you can trade within the first two months to minimize the threat of fraud.
If you’re looking for the cheapest exchange platform where you can buy and sell Bitcoin, Coinmama has you covered. It has a straightforward approach when it comes to trading cryptocurrencies, letting you use your credit card to purchase directly from the platform. In a nutshell, you directly buy coins or tokens straight from the company instead of buying crypto from other users.
As soon as you start using the platform, Coinmama automatically enrols you on their loyalty program. In this feature, the more you buy and sell crypto, the more points you earn. However, if you reduce the amount of crypto your purchase or stop trading altogether, you may lose your ranking.
Once you reach the Crypto Enthusiast rank, you can save a total of 12.5% on the final amount of your orders. You can even save up to 25% if you reach the top level in rankings which is called Crypto Believer.
There is also a blog section where you can read articles on cryptocurrencies to keep you in the loop. In addition, you can use the Bitcoin and Ethereum calculators to help you check the current rates and plan your crypto investments ahead of time.
Final verdict: Which crypto exchange site should you go for?
Since cryptocurrencies are slowly dominating the market, more crypto exchanging sites are emerging and offering top-notch features and security. On that note, choosing the best crypto exchanges can feel overwhelming at times.
Selecting a crypto exchange site must align with your needs and demands. Whether it’s low transaction fees, decentralised exchange or a user-friendly interface, there is a platform that matches what you’re looking for.