The best Cryptocurrency trading platforms

The best Cryptocurrency trading platforms

Crypto trading platforms work similarly to online brokerage sites. They provide tools and instructions to buy or sell crypto assets like Bitcoin, Ethereum, and Dogecoin.

Several platforms offer certain advantages, but they lack or charge certain services.

Best overall Crypto trading platforms:

-Overal and best for beginners: Coinbase

-Best Movile App: Crypto.com

-Best Security: Gemini

-Best for Altcoins: BitMart

-Best low fees: Kraken

-Best for Experienced traders: Kraken

-Best for Bitcoin: CashApp

-Best Decentralized Exchange: Bisq

Pros and cons of crypto trading platforms

According to the website The College Investor, here are the specifics about crypto trading platforms

Pros:

-Easiest to use interface

-Good selection of tokens and coins to invest in

-High level of security and trustworthiness

 

Cons:

-High fees unless using Coinbase Pro

-The user does not control private keys in the wallet

-Slow to adopt popular new cryptocurrencies

Voyager

Pros:

-Very easy to use app-based interface

-Commission-free trading structure

-Voyager provides solid interest rates

 

Cons:

-Slow withdrawals (can take upwards of 1 day)

-Not available in New York (yet)

BlockFi

Pros:

-No commissions and fees

-US-Based and regulated

-Earn high interest on deposits

Cons:

-It doesn’t support many tokens and coins

-Limited free withdrawals

Uphold

Pros:

-The simple and transparent pricing structure

-Lots of crypto tokens and even some stocks, including popular ones like XRP

-Both desktop and mobile apps

Cons:

-Not as easy to use as some on this list

-Some reports of poor customer service

Kraken

Pros:

-One of the longest-running crypto exchanges

-High level of security and trust

-A large variety of crypto and tokens to trade

Cons:

-One of the more difficult platforms to use

-Difficulty with 2FA

-Some reports of poor customer service

eToro

Pros:

-Worldwide options for trading crypto

-Ability to copy other traders’ portfolios

-Low minimums to start

 

Cons:

-Limited options in the United States

-Only available in 41 states

It doesn’t support as many tokens and coins as other platforms on this list

Bitcoin IRA

Pros:

-Invest in the cryptocurrency inside your IRA

-Ability to earn interest on your crypto inside your IRA

-High-security options

Cons:

-High fees

-High minimums

-It doesn’t support as many tokens and coins as other platforms on this list

Crypto.com

Pros:

-Huge amount of supported coins and tokens

-Pays weekly interest on crypto savings

-You can get a debit card linked to your account

Cons:

-Complicated fee structure

-No desktop support, only app-based

-Limited customer support

Binance

Pros:

-Huge amount of supported coins and tokens

-Fast transactions times

-Low fees

Cons:

-The US has limited options compared to worldwide

-Not available in all 50 states

-Limited customer support

Hodlnaut

Pros:

-Pays high interest on holdings

-No minimum balance requirements

-Get $20 free when you deposit $1,000

Cons:

-Only supports BTC, ETH, DAI, USDC, and USDT

-Support is based in Singapore and may be slow to respond

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