Are you looking to profit in the cryptocurrency market? Are you a new Bitcoin investor? Are you looking for a safe and reliable exchange? If so, this article will show you the top 3 best Bitcoin and Cryptocurrency exchanges for you.
Table of Contents:
Why do you need a cryptocurrency exchange?
Bitcoin transactions in particular and cryptocurrency transactions in general are very complex. People don’t know where to buy and sell. That’s why trading on an established platform is the best path.
As the trading volume increases, you will need a more reliable platform to ensure secure transactions.
Security is paramount if you want to protect your investment. Otherwise, you will become the target of cyber criminals. As a result, you will need a safe place to store your Bitcoins and you will want to be able to access your Bitcoins immediately. When you invest in trading platforms, you receive 24/7 support from the support staff. This is useful for you.
Now you can trade like a pro without feeling confused or exploited. No matter how small or large your trading volume is, you can do it on a solid foundation.
You can manage your account your way and gain access to the exchange community among investors. Along with that come real-time market updates. In addition, you can protect your investment and comply with the law. A good platform will also give you quick access to expert insights, helping to improve your decision-making.
Top 3 Bitcoin and Cryptocurrency Exchanges
We have studied to find the best Bitcoin exchanges for you and make sure they offer the best services for beginners. Whether you are a small or a large entrepreneur, they can help you, as they are startups and companies with a reputation throughout the industry. In addition, these Bitcoin exchanges offer the best rates, commissions and fees anywhere, and also provide high security measures for users.
1.Binance
Until now, Binance is the largest cryptocurrency exchange in the world, always in the top 3 exchanges with the largest global trading volume and dubbed Bittrex Killer. The Binance exchange trades digital currency pairs such as GAS/BTC, ETH/BTC, NEO/BTC and BNB/BTC…Where BNB, also known as Binance coin, is a private currency issued by Binance.
The founder of Binance is Changpeng Zhao – former manager of the Development Department of Blockchain.com, co-founder and chief technical officer (CTO) of the famous exchange “OKCoin”. Initially, Binance Exchange was headquartered in Shanghai, China. However, as the country tightened regulations on cryptocurrencies, Binance moved offices to Hong Kong and Japan. Unfortunately, Binance is still involved in legal issues in Japan. Therefore, in March 2018, the Binance exchange left Japan and moved to the island nation of Malta until now.
In early July 2017, Binance raised capital through ICOs. Thanks to the great profile of the founder, the Binance exchange project quickly attracted the attention of the community. This funding round started from July 1 to July 21, 2017, raised $15 million, and had more than 20,000 account registrations in the early days. In less than a year, Binance has surpassed major stock exchanges such as Bittrex, Poloniex, .. to rise to Number 1 and CEO Changpeng Zhao is also on top of the fastest growing dollar billionaires in the world. Currently, no information has been shared about the exchange of binance scam.
The exchange offers both basic and advanced coin trading interfaces, Binance helps beginners make simple trades and provides professional traders with access to more complex options such as trading on commercial margin.
Binance exchange has versions compatible with: Web, iOS, Android, HTML5…
Outstanding features
Referring to Binance, people remember the cryptocurrency exchange that offers good security, ease of use, and high performance. Here are some of Binance’s features and strengths compared to other exchanges:
- Large trading volume: The new exchange was launched in July 2017. But the amount of money traded so far has reached $10 billion a day.
- High liquidity: Binance supports trading pairs with extreme liquidity.
- High performance: Binance can process 1.4 million orders per second.
- Multiple Coin Support: Binance supports over 100 different coins and tokens, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), IOTA (MIOTA), NEO (NEO), Bitcoin Cash (BCH), QTUM, Monaco (MCO), Binance coin (BNB) ,..
- Extremely low transaction fees: While the transaction fee of some other exchanges such as Bittrex or Poloniex is 0.25%, with Binance the fee is only 0.1% per transaction. In particular, the transaction fee is only 0.05% if you use BNB, a coin issued exclusively by Binance to pay the fee.
- Multi-device support: Binance supports multiple devices and platforms to meet customer needs such as HTML5 web browser, WeChat, mobile trading app with Android and IOS operating systems.
- 24/7 Support: Binance’s support process is 100% on-platform, very fast and convenient, professional. If someone contacts you through other means claiming to be a binance support agent, it is most likely false.
- Multi Language: Binance supports 13 languages, including English, Japanese, Korean, Russian, Spanish and more…
With the above advantages as well as security and stability using the powerful multi-layer knowledge system, Binance has proven its position in the international financial market and offers a good user experience. So binance is a scam or not? We continue to learn to answer this question in the article below.
Against
In addition to the above advantages and features, Binance also has some disadvantages as follows:
- Binance collects and stores certain user data, such as IP addresses.
- Binance has too many different trading features that make it difficult for newcomers to access.
However, there has been no information proving that binance is a scam by users. This is the factor that determines the credibility of the Binance exchange.
Click here to open a Binance account.
2. eToro
In 2018, the company added crypto trading features. eToro is a long-standing platform that started as a brokerage for stock and forex trading. As a result, it has grown in popularity and attracted more Bitcoin traders and investors.
It is available worldwide where Bitcoin is legal and international users have found it a secure platform to trade Bitcoin. The company follows international and local laws, which means more security for traders. It has more than 140 offices in Canada, Australia and Europe, but is headquartered in the UK.
Although it is a forex platform in its origins, it is still a powerful Bitcoin broker. This is because the company has adapted its interface to include cryptocurrency trading. In addition, eToro has almost 23 million trusted users.
New users can start a crypto wallet starting at $10, and the transaction fees are also quite reasonable. It takes little time and investment to trade cryptocurrency on eToro, and users can also trade other cryptocurrencies, such as Shiba Inu coin.
What makes eToro different from most is the appearance of social networks, which makes trading friendlier and more accessible to the average user. For example, users can connect with others and copy their strategies. As a result, they can cut the learning curve and succeed faster. In addition, users can learn from the mistakes of the past and avoid them in the future. In other words, new Bitcoin traders can leverage successful investors.
Another factor that makes eToro exceptional is the direct connectivity to the blockchain. Users can complete their trade orders and transactions on the blockchain directly. As a result, commissions are minimal and trading is safer.
Outstanding features
Copy Trading: Beginner Bitcoin traders love eToro for the CopyTrader feature. This option makes eToro a social network for Bitcoin traders and investors. Users can post valuable information, connect with others, and copy successful portfolios. In addition, they can multiply their investment without previous experience.
Copy Wallets: This is another useful feature that makes eToro a favorite Bitcoin exchange, and users interested in investing in cryptocurrencies can give it a try. Artificial intelligence and machine learning algorithms create personalized portfolios, so that users can start investing and earning at full capacity without experience or stress.
Demo Account: eToro users can get $100K in virtual money, so they can build their portfolio and test strategies before fully committing. The demo account allows users to experiment in real-time market conditions without risk.
Low prices: This exchange makes it easy for the average user to invest in Bitcoin. It does this by bringing together several cryptocurrency exchanges under one roof. Thus, users can get the best rates for buying, selling and exchanging Bitcoin, and it also means lower fees and more trading options.
Global Market: eToro has users in more than 140 countries around the world, and the company is expanding and introducing new products to its users. It is also available in 19 languages, making it a good choice for international users.
- A pioneer in social investment
- Low transaction fees
- On-platform portfolio
- Learn from experienced traders
- Powerful security technologies
Against
- Highly regulated worldwide
- Forex Trading Not Available in the US
Click here to open an eToro account.
3. Coinbase
Coinbase is one of the oldest and most established Bitcoin exchanges in crypto gaming and has been expanding continuously since 2012. It has more than 73 million happy traders in over 100 countries. These users trade around $100 billion annually on the decentralized platform.
Currently, Coinbase has more than 2,700 employees, and the platform manages about $255 billion in assets. Coinbase is not your average Bitcoin exchange. Because? Because it has deep roots in the industry with international support.
Coinbase offers users two trading platforms and a distinct cryptocurrency wallet product. In short, users can customize this Bitcoin exchange regardless of their level of experience. Both beginner heavy investors and long-time traders will find what they need.
Users can buy, sell and trade Bitcoins, and they can also trade more than 100 cryptocurrencies, including Bitcoin, Ethereum and Dogecoin.
Coinbase is one of the rare Bitcoin exchanges that offers insurance. Think of it as a highly secure Bitcoin exchange, similar to a maximum security bank. If a hacker steals a user’s assets, Coinbase can reverse the loss to some extent. It’s no wonder that users and investors choose Coinbase in scores.
It’s not hard to imagine why Coinbase became a top-tier Bitcoin exchange, as it was the first Bitcoin exchange to join the U.S. stock market at a higher stock price than Facebook. In addition, it is investing in other cryptocurrency companies by offering a cryptocurrency fund.
Outstanding features
Learn and Earn: Coinbase has many free cryptocurrency courses available to the public. Users can join these free programs and earn cryptocurrencies by completing them. Not only can users learn all about cryptocurrencies, but they can also make money while doing so.
Borrow: Coinbase also offers its lending program, where users can borrow fiat currency with their Bitcoins as collateral. In addition, they can borrow up to 40% of their Bitcoin assets, up to $1 million in total. The interest rate on such a loan is 8%, and no credit check is required.
Build a crypto infrastructure: Developers can use the Coinbase API to create Bitcoin applications, which allows them to examine the market, spot opportunities, and create trading strategies. Using the features of Coinbase Pro, developers have access to a large amount of data.
Secure Wallet: Coinbase offers a sophisticated wallet for storing Bitcoin and NFT. On both mobile devices and web browsers, it is compatible with over 500 tokens. Users can also trade their NFTs in one place, which is much better and faster than having crypto assets scattered across different platforms.
Convenience: Coinbase is still easy to use, despite all the bells and whistles. The website and mobile app are intuitive to learn, so you don’t need additional training to use the features on offer. In addition, users can start trading from day one without outside help.
Multiple cryptocurrencies: Users can trade more than 100 cryptocurrencies on Coinbase, making it one of the largest Bitcoin exchanges in the world. Overall, it offers more cryptocurrency pairs to trade than its competitors.
- A large number of cryptocurrencies
- Beginner friendly
- Advanced trading platform for professionals
- Earn cryptocurrencies by completing educational material
- Crypto to Crypto Trading
- insured
- Easy to use for developers
- NFT enabled
- Apps for Android and iOS
Against
- Expensive for small merchants
- Poor customer service
Each exchange has its advantages. After considering the essentials and benefits for investors, we have compiled a list of the 3 best Bitcoin and cryptocurrency exchanges for 2022.
