The crypto market has been extremely volatile, and it is not getting any easier in the near future. Many people have lost a lot of money investing in digital currencies. There are several trading platforms available today, but not all of them are trustworthy places to invest money. Even after some of the most popular platforms were hacked and billions of dollars worth of user funds disappeared, new ones keep springing up like mushrooms. The ability to trade cryptos is one of the primary incentives to invest in these tokens, tokens that cannot be directly purchased with cash or traded on traditional stock exchanges. You need a special platform to trade them effectively and profitably…
Coinbase
Coinbase is one of the oldest and most popular crypto trading platforms in the world. It is regulated by the US Securities and Exchange Commission (SEC) and the Financial Conduct Authority (FCA) in the UK. It also has a fully licensed Japanese subsidiary, making it a truly global crypto trading platform. The Coinbase platform allows you to trade many different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. It also has a convenient feature that allows you to exchange cryptos directly from your bank account. This is a great feature for beginners who do not have a cryptocurrency wallet yet but want to invest in crypto assets. However, keep in mind that the transfer limits are relatively low, and you might not be able to buy a meaningful amount of coins. Fun fact: Coinbase was originally a Bitcoin wallet company aimed at ordinary people who wanted to store and transfer their Bitcoins. It has since evolved into a full-blown crypto trading platform with more than 20 million users worldwide.
Binance
This is one of the fastest-growing and most promising crypto trading platforms in the world right now. It is based in the island nation of Malta, which is known for its crypto-friendly regulatory environment. Binance has been gaining popularity ever since it started operations in 2017. Binance has proven to be a trustworthy trading platform because it is owned and operated by the Chinese cryptocurrency exchange giant, Binance.com. This platform allows you to trade more than 100 different cryptocurrencies, including popular coins like Bitcoin, Ethereum, Litecoin, and many others. Fun fact: Binance is the world’s largest crypto trading platform regarding trading volume. It is currently handling more than $5 billion worth of trades per day. This is a truly massive platform with a ton of liquidity, which makes it a great place to buy and sell cryptos.
BitMEX
BitMEX is a global crypto trading platform, but it only serves professional traders. This is a highly sophisticated trading platform that is mainly aimed at experienced investors and traders. If you do not have any experience in trading, it is strongly recommended to avoid this platform. BitMEX is designed for short-term and high-risk trading, which should only be engaged by experienced traders who know what they are doing. BitMEX is a peer-to-peer trading platform that allows you to trade a wide range of cryptocurrencies and futures contracts. It offers leveraged trading, which means that you can trade with higher amounts than what you have in your account. You can also use BitMEX for Bitcoin and other crypto asset derivative trading. This platform is definitely not for the faint of heart, but it is definitely one of the best crypto trading platforms around.
KuCoin
KuCoin is another popular crypto trading platform that was launched in 2017 and gained a lot of users ever since. It is based in Hong Kong and operated by a company called KuCoin Co., Ltd. The company also owns a fully licensed blockchain incubator called KuCoin Blockchain Ventures. This shows that KuCoin is serious about blockchain and crypto-asset development and long-term growth. KuCoin has a very user-friendly trading platform that is available as a web-based platform, Android app, and iOS app. It allows you to trade more than 100 different cryptocurrencies, including popular coins like Bitcoin, Ethereum, Litecoin, and many others. Fun fact: KuCoin offers an interesting incentive program that rewards its users with a substantial amount of KCS tokens. These tokens can be used to get discounts on trading fees, or they can be traded for other cryptocurrencies.
Coincheck
Coincheck is one of the leading crypto trading platforms in Japan, one of the biggest markets for digital currencies in the world. It is regulated by the Japanese Financial Services Agency (FSA), making it one of the most trustworthy platforms in that country. Coincheck allows you to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, NEM, IOTA, and many others. It also has its own token named Coincheck token or COIN. This is a token that was issued by the company to expand its service offerings and reach a wider audience.
Conclusions
Overall, the best crypto trading platforms enable you to trade a variety of different cryptocurrencies, futures contracts, and derivatives. A good trading platform should also be secure and user-friendly, with low trading and withdrawal fees. If you want to trade on a crypto trading platform, make sure that it is regulated by a trustworthy government authority. Avoid platforms that do not disclose information about their owners or are otherwise not transparent about how they operate. The best crypto trading platforms are the ones that are honest, transparent, and secure.
