The craze of cryptocurrency is getting bigger day by day. Many exchange platforms have been in circulation and it is getting very difficult to identify which one of them is providing the best experience in terms of trading cryptocurrency. Many online services work in the same manner as traditional stock brokerage. They provide you with the mechanisms through which you can facilitate your cryptocurrency journey. They provide you options to buy, sell digital currencies which are circulating in the market. The best way to identify whether a cryptocurrency platform is best or not depends upon the type of features it gives you along with the security features it has. When a person is choosing a cryptocurrency exchange platform, he has to remember many things like what withdrawal options the platform is providing if any supported currency options are available. Here are some of the best cryptocurrency exchange platforms available in 2021.
1) COINBASE– It has some good features including strong security features. The app has its pro version which provides more features like more statistical data and indicators that help the user to make the most correct choice when he is buying or selling. One of the biggest advantages of Coinbase is its various choices in terms of altcoin. The interface of the app is very user friendly and simple. The app also provides an easy and very simple way to turn your digital currency into cash thus very high liquidity. The only disadvantage of this app is that the user does not have the necessary controls over wallet keys. Click here > to find out more about bitcoin trading.
2) CASH APP – Another useful exchange platform is CashApp. The app provides the user good and flexible options to take cryptocurrencies to other types of wallets. One of the greater advantages of using this app is its peer-to-peer money transfer feature to many other platforms like Venmo and Zelle. Again, it comes with a simple user interface. The biggest disadvantage of this app is that it only supports one cryptocurrency and that is bitcoin. The app also has external charges especially when the money is to be transferred through any other credit card. Another big disadvantage of using this app is that it has set limits on withdrawal on a weekly basis.
3) BISQ– The next on the list of good online cryptocurrency exchange platforms is BISQ. The app supports exchange in 45 currencies including 18 cryptocurrencies and other traditional money. The app also has a very min transactional fee which might range from 0.40 to 0.70. The added advantage of this app is that it allows the user to have their wallet and thus also supports the wallet system as well. It is one of the first few apps which allow you to trade without any KYC. the apps are available for both android and iOS. In addition to that, the apps also support many different payment options going way up to 15. The disadvantage of using this app is that it has a very slow transactional speed. Since the security features are a bit compromised with no KYC feature thus trading volume can be low and the last is that it is not meant to be used by users who believe in active trading.
4) BINANCE – The fourth on the list of our top trading platforms for cryptocurrency is that of Binance. The biggest advantage of using this app is that it supports at least 100 types of currencies including bitcoin for trade-related purposes. Since the volume of business is very high the transactional fees range from 0.015 to 0.1. The app also supports wallets as well. The biggest advantage of these crypto exchange platforms is their lower fees which are mainly because of the huge volumes of trade it attracts. The second advantage is that since it supports a variety of cryptocurrencies, it supports trading in pairs as well. The statistical data on this platform is far more superior to the rest of the others. Among the disadvantages, one is that the app is not advisable for beginners and thus should be avoided. Second, the US version of the app which is more prominent has very few trading pair options than its international version. The last is that not all the US states support this app.
The Conclusion is that whether it be CoinBase or Binance it is totally up to individual choices whether they want to go with an app that offers more trading features or more options in terms of security features. But since the technology is moving very fast the good news is that the consumer experience will only get better.