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Choosing the Best Cryptocurrency Trading Platform

  • by admin
  • 8 Months ago
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We all are aware of cryptocurrency trading platform very well which has become one of the global phenomenon which is known to most of the people worldwide. Cryptocurrency is the form of currency which related with the internet that utilizes cryptography, the way toward changing over intelligible data into a relatively uncrackable code, to track buys and exchanges. You must have heard about Bitcoin to be the first digitalized cryptocurrency but before that Bit Gold existed between the year 1998 and 2005. Bit Gold is considered to be the precursor of Bitcoin.

Types of Cryptocurrency

There are many types of cryptocurrency which exist in today’s time and are considered to be the best coins for investing. This depends on the market cap, the value of the coins and the volatility of the movements of the value. All you need to trade in cryptocurrency is choosing a best cryptocurrency trading platform and choosing the perfect cryptocurrency to trade in. Let’s have a look at the below list of best cryptocurrency to trade in.

  • Bitcoin
  • Litecoin
  • Ethereum
  • Bitcoin Cash or Bitcoin Gold
  • Ripple
  • IOTA
  • Darkcoin
  • Tether
  • Zcash
  • Monero

Choosing the Best Cryptocurrency Trading Platform

There are many top crypto trading platform available on the internet these day, but how to choose the best cryptocurrency trading platform; this question is becoming paramount in the brains of maximum cryptocurrency users as well as investors. Many times the cryptocurrency exchange can fail due to many reasons, which can cause you a huge loss. Therefore, it can’t be considered as an easy task for pointing out the best cryptocurrency trading platform.

Best cryptocurrency trading platform is considered to the exchange which can fulfil all the needs of the investor and sort out all the problems which are related to cryptocurrency. The points which you need to consider while finding the top crypto trading platform is as follows –

  • The safety of the website and the server of the site
  • High liquidity
  • The structure of the transaction fee such as fixed fees and percentage
  • If the exchange provides transparent data of coins price, transactions and volumes
  • The number of currency pairs which are available for trading
  • Options for buying cryptocurrency such as PayPal, credit card or net banking
  • The interface of the site
  • Reviews from other customers
  • User ratings

The Best Cryptocurrency Trading Platform

As said earlier, there are many available trading platforms for cryptocurrency, but to get the perfect experience, you need to have to navigate to the best cryptocurrency trading platform. This can be a bit hard task, but after a good research you can easily get the top crypto trading platform.

Let’s have a look at the following top cryptocurrency trading platform.

  • eToro – This is a social trading as well as multi asset brokerage platform allowing the uses to learn and trade at the same time. eToro has offices in Israel, Cyprus and United Kingdom, but serves to all the clients worldwide. This trading platform offers very user friendly features, which are simple to use. The fees depend on the dynamics of the market.
  • Kraken – Kraken’s creative highlights claim to take into account the demand of fast execution, exceptional support and high security. This trading platform operates worldwide but has office in San Francisco, USA. The platform does not accept debit card, credit card or cash. It only accepts cryptocurrency transactions through bank wire transfer. The fee charged is as low as 0% and the upper limit depends on the volume of your trade in last 30 days.
  • Poloniex – This trading platform is based in the US. By offering high volume margin trading for major cryptocurrency, Poloniex has become the largest exchange for trading cryptocurrency. The services are offered to worldwide users. Fees of the trade depend on the trade volume and margins.
  • BitFinex – This is a perfect trading platform for most of the top cryptocurrency such as Bitcoin, Bcash, Ethereum, NEO, Litecoin, Ripple, Monero, Qtum, Aventus etc. BitFinex offers with three different wallets which can be used for different purposes such as Exchange, Margin and Funding. Trading fee is either 0 or it depends on the trading activity done by the user in the last 30 days.
  • Coinbase – Coinbase is considered to be one of the best cryptocurrency trading platform for many users to trade cryptocurrency such as Bitcoin, Ethereum and Litecoin. Coinbase has its own associated wallet with Android and iOS apps. It was founded in the year 2012 with headquarters in San Francisco, USA. Investors can invest in various cryptocurrency.
  • SimpleFX – This top crypto trading platform has won an award for the Best Cryptocurrency Trading Platform in the year 2017 at the Cryptocurrency World Expo. This exchange offers more than sixty currency pairs, sixteen cryptocurrency pairs and the indices, equities and commodities. Over the five deposit crypto currencies, the dealers can browse fifteen deposit fiat currencies and flexible deposit options, for example, Bank Transfer, Skrill, Neteller, and Credit Cards.
  • Coinone – This platform is the third largest and top crypto trading platform in South Korea. Major volumes of trades are handled in this platform due to the huge amount of investing amount by the South Korean investors. The trading pairs in this website are listed in Korean Currency KRW. Bitcoin, Bitcoin cash, Ethereum, Ripple, Litecoin etc. can be traded in this platform.
  • Cex.io – This cryptocurrency exchange was previously a cloud mining company. This is a European based exchange which provides options of Bitcoin, Ethereum, Dash, Zcash, Bitcoin Cash and Bitcoin Cash. It has implementations such as KYC and Anti-Money Laundering (AML) measures for the safety of its traders and investors.

If you whether a new trader, or if you are trading for cryptocurrency in any other platforms, you can shift to the above listed top crypto trading platforms without any hassle and begin a safe and secure with high return investment journey.

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