Throughout the years, the number of Cryptocurrencies has increased constantly, which provides investors with a wide array of choices to exchange or sell their hard-earned cash for a decentralized virtual fund. But how do you start trading your real money in exchange for digital cash?
Whether you’ve skimmed through a Cryptocurrency site, inquired from a crypto enthusiast or expert, or you’ve done extensive research about the field, you’ve probably seen some cases of hackers targeting emails and phone numbers of investors and taking away their digital funds from badly protected cryptocurrency trading sites. These cases are just one of the main reasons why it’s important to properly select a safe crypto trading platform before investing.
With the long list of Cryptocurrency exchanges in the market, how do you choose the most suitable one for your career? Several factors can affect and ensure you make the right decision, such as trading charges, safety measures, user-friendliness, customer support availability, and the number of coins available for exchange transactions. These factors play a big role in helping you decide which platform is the best for you.
To give you an idea, check out these top four choices that satisfy a great number of Cryptocurrency investors and determine which one you would want to start your career with.
Platforms Of Cryptocurrency Trading
It’s no surprise that Coinbase tops the list as this platform has become the most popular and used crypto exchange worldwide. Since its foundation in 2012, Coinbase has been popular among crypto traders, and it just got better and better as the years went by. It has a user-friendly design and offers a $5 Bitcoin giveaway just for creating an account that is loved by newbie investors.
This platform is an excellent site to start as new investors can easily view all the coins in one area, and its straightforward interface makes it easy to navigate its features and purchase different Cryptocurrencies.
On the other hand, experienced traders also benefit from its counterpart – Coinbase Pro. It provides advanced, powerful tools for power investors who want to directly dive into a Cryptocurrency exchange. Coinbase supports hundreds of digital currencies and altcoins, leaving traders a wide array of choices to choose from.
On the downside, Coinbase offers an intricate fee structure, which makes traders take note of high trading charges that are tied to their trades. Plus, the platform has a higher price and offers only payment options compared to other Cryptocurrency exchanging sites. However, these downsides did not stop their million verified users.
Binance is another known and reliable crypto trading site that was founded in 2017 and has captured the Cryptocurrency market by storm! This platform is a worldwide trade that originated in Hong Kong and supported more than 500 different Cryptocurrencies. It has a very simple interface, which allows traders to easily switch between the normal and advanced versions of the site as they progress through their careers.
While Binance’s easy-to-use feature might be attractive for new traders, this platform is the perfect choice for day traders due to its low trading fees, accurate chart tools, and user-friendly mobile app, which enables a quick and simple trade. Due to its reliable and powerful features, it’s no surprise that Binance made it to the list of the biggest Cryptocurrency trades in the market.
The downside to this platform is that it does not support U.S dollar exchange for Cryptocurrency but supports credit and debit cards. While there has been a case cyberattack on this platform last 2019, the site provides an insurance fund that makes up for the stolen funds, which makes it a reliable trading platform that consists of strong tools that are perfect for users who plan on investing in various digital currencies on the blockchain.
3. Bitcoin Era
Bitcoin Era is the perfect platform for traders who don’t like to wait for applications to load or slow trading programs. This platform quickly displays trade completion technology that has been proven to be seconds faster as compared to other platforms. Plus, the platform’s system keeps track of all patterns that emerge most of the time and ensure that they stay on track while handling different tasks.
Bitcoin Era follows a distinct system that assists its traders in maximizing their profits from the market. This platform’s system extensively studies the market in real-time through an artificial intelligence-based algorithm and hunts for the best profit opportunities based on many factors like historical data and volume fluctuations. Plus, the artificial intelligence that the system incorporates studies the market movements and confirms some triggers which affect how transactions get carried out.
Bitcoin Era’s system automatically modifies any trading parameters specified by the users. The system’s guidelines include low and high totals, such as the user’s preferred currencies. This trading platform can be activated by traders anytime and scans the Cryptocurrency market for the best trades. In addition, the platform’s payout system checks the users’ profits automatically, meaning users can either reinvest the profit in the market or take the whole profit.
Gemini was developed by the Winklevoss twins in 2014, and it didn’t take long for them to establish the company as one of the known and most trusted Cryptocurrency platforms. Back then, the two leading digital currencies, Bitcoin and Ethereum, dominated the market, but as the years go by, Gemini allows its investors to trade more than 40 different cryptocurrencies on the site.
Due to its safety and security features, Gemini quickly evolved and became popular among crypto enthusiasts. When it comes to trading fees, Gemini’s trading fees are also much higher than Coinbase Pro but are less than the regular Coinbase. This platform’s downside is its mobile app is not as efficient compair to its competition, and it doesn’t accept credit or debit card payments to fund your account.
The sudden growth and constant development of Cryptocurrency have been the trend for the past years until this time, gaining traders and investors to lock their eyes on the promising profits of digital currency. If you’re new to a Crypto trading platform and want to know more about it, it’s wise to learn and do some research about the different Cryptocurrency trading platforms before moving forward in your career.