A lot of people are discouraged by how technical crypto is because of its complex sub-topics and terms that can be difficult to grasp in an instant. With all these combined, crypto appears to be a topic that is intimidating and not beginner-friendly. Fortunately, these problems are now addressed thanks to the development of crypto trading platforms.
Are you interested in starting crypto trading but do not know where to start? If your answer is yes, you have come to the right place because this article will help you begin.
What is a crypto trading platform?
A lot of people think that the only way you can get crypto is by mining new coins within the blockchain. The existence of crypto trading platforms debunks this myth because this is the place where people can buy and sell digital currencies. There are two main roles here mainly the maker and taker. The former is the one who puts up an order for buying or selling certain crypto. This order contains all the information such as the price and other conditions.
When someone is interested in the deal, the taker will follow all the conditions and make the transaction complete. The payment for buying crypto can be done through bank transfer or by paying a crypto conversion fee when trading a digital currency.
Top 10 best crypto trading platforms
Nowadays, you’ll find various crypto trading platforms that are open for anyone to use. If you are new to crypto, here are some of the best crypto trading platforms you should look into. See what they have to offer you and why they deserve to be on this list:
- Binance
Sitting at the top of the list is Binance. This trading platform is the most popular and go-to exchange for any digital currency. Moreover, you have over 600+ cryptocurrencies to choose from, which gives you a diverse range of investments. On top of that, Binance has the lowest transaction fees among other trading platforms. Additionally, the interface of its mobile app is easy to use because of its tutorial guides, which makes it perfect for beginners.
- Coinbase
In the second place, you have Coinbase which is a crypto trading platform that lets you use fiat currencies such as the US Dollar and Euro to purchase any digital currency. Right now, it offers over 160 cryptocurrencies that you can trade. Find these when you download its mobile application to make it easier for you to make deals on the go.
A lot of beginners flock to this platform because of its simplicity. At the same time, there is now a separate app called Coinbase Pro that provides tools to advanced users such as real-time order books and chartings.
- Kraken
One of the oldest and most reliable crypto trading platforms is Kraken, which lets you buy and sell over 120 cryptocurrencies easily due to its high liquidity feature. Aside from that, beginner crypto users would recommend this to those who are just starting because of its guided and easy to use interface. On top of that, there is also Kraken Pro which helps you deepen your knowledge about crypto with its complex tools and features.
- Gemini
In the United States, Gemini ranks at the top of the list because it is open for people to use across 50 states. This platform is an all-around avenue for trading and storing your digital assets. Its most attractive feature is how it ensures safety and security thanks to its insurance when it comes to online hacks. This also explains why the transaction fees are higher than other trading platforms. But if your concern is secured trading, then you should go for Gemini.
- Crypto.com
If you want to maximise your time in the crypto world, you should check out Crypto.com. This trading platform allows you to trade, invest, stake and exchange non-fungible tokens with other users. Utilising these features can make your digital assets look good in just a couple of clicks and taps. Aside from that, Crypto.com supports over 250 cryptocurrencies, which gives you a wide range of choices.
- KuCoin
Do not forget to check out what KuCoin has to offer you, especially its long list of 200 cryptocurrencies available for trading. You can even use fiat currencies such as US Dollar, Euro and Japanese Yen to buy the crypto asset you want. The best part is that the platform has an amazing customer service feature, which can help you eliminate any kind of concern. Above all, KuCoin has amazing security measures just to keep your assets safe.
- Bisq
Bisq is not letting itself get rundown with other competitors and this trading platform has a lot to offer you. It supports a broad selection of coins and tokens that you can trade with other users. Besides that, Bisq offers you a wide range of payment options, which makes it easier for you to complete transactions. Additionally, your transactions can be settled fast since its verification process only takes a few minutes.
- Voyager
For a more hands-on mobile trading experience, you should opt for Voyager. This platform is good for investing in crypto assets and earning interest from them. As such, there is an abundance of wealth opportunities for you here since it has a wide selection of supported projects.
- CashApp
If you do not have the time to look into too much in detail about crypto, CashApp offers you a simplified option. This financial mobile application has opened its doors to Bitcoin and offers an easy way to acquire BTC. It even has a designated tab for Bitcoin, which allows you to buy BTC instantly after you type in the amount you are willing to spend.
- BlockFi
Are you looking for a place to do some crypto-to-crypto trading? If so, then BlockFi is for you! This platform offers you a large selection of crypto trading pairs and also allows you to borrow cryptocurrencies!