Ever since the development of Bitcoin over a decade ago, there have been thousands of other digital currencies that surfaced all throughout the years. Now digital currencies are the latest craze to hit the world of finance as Bitcoin and Ethereum, the top dogs in the crypto industry, are dominating the crypto space. At the time of this writing, there are already thousands of different cryptocurrencies in the market, and it would still continue to expand as investors and traders would eventually have more options than ever before.
Top Crypto Platforms
But the question remains as to how do you go about crypto trading? If you have been a follower of digital currencies for quite a while now, then you know that the internet is filled with horror stories about cryptocurrencies with potential hackers and swindling traders that acquire their gains from unprotected exchange, making it more crucial to carefully choose which platform to make your investments with. So to help you find the best cryptocurrency exchange platforms that can satisfy all of your individual needs, here are our top three options to choose from:
Binance
One of the popular crypto trading platforms is none other than Binance, and despite the platform only being around since 2017, the exchange took the market for digital currencies by storm. At the time of this writing, Binance is now considered to be one of the largest cryptocurrency exchange platforms in the market as it offers more than 500 cryptocurrencies across the globe while being available to more than 180 different countries.
However, one of the main reasons why Binance significantly rose in popularity is because it allows users to conduct transactions with almost any altcoin on the market while having the capability to start trading for as low as one dollar.
Basically, it’s an additional feature of the platform where beginners in crypto trading can learn all that they can about digital currencies and blockchain technology.
While new investors and traders may find the platform to be relatively easy to use, it’s ultimately the best platform for crypto day traders as it offers low trading fees, impressive charting tools, and an easy-to-use mobile app for quick and easy crypto trading.
Bitcoin Evolution
Next up on our list of top digital currency platforms in the market today is Bitcoin Evolution, as it encourages new and experienced investors to start trading with the platforms. In essence, Bitcoin Evolution is an advanced exchange platform that connects its users with leaders in crypto trading to keep cryptocurrencies at your grasps.
Moreover, you can utilise the platform’s unmatched peer-to-peer technology and significantly increase the capital as you buy, sell, trade, and manage your cryptocurrencies within minutes.
The platform offers its clients no hidden fees and world-class security to keep their minds at peace. With the platform’s relatively easy management feature, your digital currency assets can be utilised due to its easy and simple user interface, not to mention having an advanced data encryption technology that provides clients with complete privacy to their personal data. Bitcoin Evolution never goes to sleep as it offers you an around-the-clock trading service.
Coinbase
When it comes to a list of top cryptocurrency exchange platforms, it should come as no surprise that one of the most popular crypto exchanges in the world is Coinbase. Ever since the platform’s development back in 2012, a lot of crypto traders and investors have been using the exchange, and it’s only gotten bigger as time goes by.
The platform is relatively easy to use, especially when it comes to buying, selling, storing, and managing your digital currency assets. Not to mention that Coinbase is also one of the best places for you to stay up to date with altcoins, news about upcoming crypto projects, and what’s going to happen next in the crypto world.
Aside from Coinbase having a simple, user-friendly interface and a straightforward onboarding process, it also offers new users a free 5 dollar bonus in Bitcoin for simply opening an account with the platform, hence making it a perfect place for new investors and traders to get started.
Furthermore, Coinbase also supports hundreds of different digital currencies and altcoins; however, the platform is relatively more expensive compared to other exchanges despite others only having a few payment options. Regardless, users would have to watch out for the high trading fees when conducting transactions within Coinbase as it’s part of the fee structure across the exchange.
What To Look For When Choosing An Platform
Aside from our top 3 digital currency platforms listed above, there are also other exchanges that are worth mentioning, but for you to choose which one is the best exchange, there are a few things you need to consider.
First is the overall security of the platform, and it’s the most important factor to consider when choosing an exchange as having extra layers of security can prevent anyone from logging into your account and doing financial damage. Second is the platform’s convenience; the overall ease of use of a platform can determine your success as a crypto trader.
Next would be the platform’s reputation because due to the lack of government support and regulation, the exchange’s reputation is one of the most important factors to determine if the platform is legit. Another factor to consider is the transaction fees involved, as having a lower transaction fee can make it relatively easier for users to conduct a good deal on the exchange. Last but not least is the platform’s customer support service as terrible support service is immediately a disadvantage, and it can be quite a nightmare, especially for new traders and investors.
Final Thoughts
Ultimately, a crypto exchange platform is your gateway to buy, sell, and digital trade currencies. With that in mind, choosing the best platform that will suit all of your individual needs can have a great impact on your journey to the crypto world. If you happen to choose an exchange poorly, it can significantly cost you more in terms of slower transactions and higher transaction fees, and there is also the possibility of losing all of your funds from either theft, mismanagement, or security issues.