Cryptocurrency, without any doubt, is the hottest topic in today’s world. Over the past few years, cryptocurrency has become a familiar term and investing in this digital currency has become almost effortless. Bitcoin was the first virtual currency launched in the year 2008 as an alternate payment method, but after a while, several cryptos were introduced. If you are one of those planning on expanding their horizons and investing in cryptocurrency exchange in 2020, then firstly having a brief idea of this field is highly recommended.
The cryptocurrency exchange is a platform enabling users to trade in digital currencies. All one needs is a working bank account and sufficient balance to start investing in these exchanges. Although there are a lot of exchange platforms, we have compiled a list of the most popular ones. Below I have provided a list of the best five cryptocurrency exchange platforms along with their features and advantages for your better understanding.
Coinbase is one of the best and most reliable platforms to buy, sell or store crypto as well as digital trade currencies. Users can purchase bitcoins, litecoins, and ether from a digital wallet available on different mobile app stores. It charges a fee of 1.49% on bank purchases and 3.99% on debit and credit cards. Since it is a brokerage company offering a low fee on bank transfers, this option is advisable to customers while undertaking massive purchases. This user-friendly platform is suitable for both beginners as well as experienced.
Bitmex is a high-profile cryptocurrency exchange platform developed by a team of economists, high-frequency traders and web developers mainly operated by HDR Global. Bitmex uses a two-factor authentication system for better security. The registration process on this platform is also easy, requiring only a valid Email ID. Besides Bitcoin, the users can also check other currencies, including Litecoin, Cardano, and Ethereum. Bitmex is mainly built for traders and investors and features advanced trading options like margin trading.
Binance is counted amongst the most popular cryptocurrency exchange platforms featuring its very own coin, Binance coin. The platform features both beginner and advanced level interface along with other important features for a more optimized experience. The users can trade in more than 150 currencies at Binance. A trading fee of 0.1% is charged, which is further reduced while making a payment with Binance coins. Mostly, Binance encourages crypto to crypto trading and is the most recommended exchanges to look into in 2020.
Another cryptocurrency exchange platform gaining popularity these days is Poloniex. From altcoins to bitcoin and ethereum, the users can trade in any cryptocurrency at Poloniex with a trading fee as low as 0.20%. Features like smart algorithms and bot trading provide high-level security and seamless trading experience at Poloniex. You can also access recent airdrops and recent projects. The newly added chatbox feature offers all the required and useful information to the users.
Founded in the year 2011, Kraken is one of the largest bitcoin exchange platforms in Euro volume. Specially developed for the new users, Kraken allows the users to understand market trends related to cryptocurrency more efficiently. For any assistance or query, users can refer to their 24X7 customer assistance services. Kraken charges a maker fee of 0.16% to 0% and taker’s fee of 0.26% to 0.1%.
Choosing a particular cryptocurrency exchange platform might be a little difficult at first. Most of these exchange platforms are easily accessible with the easy registration procedure. However, you can also go through their privacy policies and terms and conditions for better understanding.
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