Do you want to invest in bitcoin? Are you a beginner? Bitcoin refers to a virtual currency that acts as money and a payment that is outside the control of any one person or group. It means that there is no need for any third party.

A cryptocurrency exchange is a business that allows the trading of cryptocurrencies. Investing in Bitcoin is more volatile than investing in stocks. Firstly a brokerage account is opened at a firm that will enable crypto investment. Funds are deposited from the bank to that account, and then BTC or any cryptocurrency is bought from that fund which is later sold for profit. Here are some of the platforms where crypto exchanges are done.

Gemini
It is one of the first major exchanges and currently the largest by assets. It is the most popular platform in crypto investment. It has decent engagement, and the most important thing is that it pays competitive rates on interest if you qualify. Opening a Gemini account gives you an offer of earning $10 in BTC after trading $100 in crypto. Benefits include being very easy to use and providing solid support. Disadvantages include limited payment methods and chances of mixing customer service.

Uphold
The solution for trading multiple assets is provided on this platform. It is one of the exchanges that allow XRP trading and DOGE trading. It has a simple and transparent structure of price. It works both on desktop and mobile apps. It is quite challenging to use, and there are some complaints of poor customer service.

Coinbase
One of the best cryptocurrency exchanges and the most popular ones. You can invest directly and can purchase coins like Litecoin and Bitcoin etc., on this platform by using USD. Tokens can be made as rewards by completing various activities. When you open a Coinbase account, you get $10 BTC after trading $100. It’s easy to use interface, and there is a good option for selecting tickets to invest in. It has a high level of trustworthiness and security. Disadvantages include if you don’t use a Coinbase pro account, there is a high free. It is quite slow to adopt new cryptocurrencies

Binance
It is an excellent platform for getting currencies like Cardano and Neo. It can be used in mobile phone apps also, but it is quite challenging to use. The users are pretty frustrated, also. It has a massive amount of tokens. It has fast transactions and low fees. Disadvantages include it is not available to 50 states, and customer support is also limited.

Kraken
Original crypto trading platforms have a good selection of tokens for investment and trading. It allows margin trading. It is also easy to use. It also provides trading in DOGE and other tokens that are risky. It has high security and trust. But it has reports of poor customer support.

Top Best Crypto Exchanges and Platforms of January 2023
Bitstamp
Founded in 2011, Bitstamp is one of the oldest cryptocurrency exchanges. Till now, it’s been operating for 13 years and has taken 70 trading tokens. It allows you to buy crypto instantly with the help of your debit or credit card. It has low fees for trading. Disadvantages include not the availability of staking features and limited assets.

This has been around in Uk but now allows trading in the United States. A wide variety of digital assets is available for selling and buying on this platform. The most important feature is that it will enable trying this platform before using real funds. This offers a $10 bonus on a deposit of $100 in crypto assets. It provides comprehensive wild options and abilities to copy other traders’ portfolios. The most important advantage is its low minimum for starting trading. The disadvantage is that it offers limited choice in the united states. It is only available in 41 states.

eToro
This has been around in Uk but now allows trading in the United States. A wide variety of digital assets is available for selling and buying on this platform. The most important feature is that it will enable trying this platform before using real funds. This offers a $10 bonus on a deposit of $100 in crypto assets. It provides comprehensive wild options and abilities to copy other traders’ portfolios. The most important advantage is its low minimum for starting trading. The disadvantage is that it offers limited choice in the united states. It is only available in 41 states.

Bitcoin IRA
It is quite different from other platforms. It combines being a crypto wallet exchange with being an IRA which means your gains inside the account are tax-free, which means there is no tax. It has high-security options and provides high interest in your crypto. Disadvantages include high fees and high minimums.

Crypto.com
One of the largest and fastest crypto exchanges globally while being based in Hong Kong. One of the disadvantages is that it can be operated on a mobile phone and not on a desktop. Advantages include paying weekly interest on crypto savings and getting a debit card for the account. Other disadvantages include a complicated fee structure and limited customer support.

M1 Crypto
One of the best investing apps that allows creating a pie and investing to that specific allocation. It also allows setting up automatic investments and rebalancing. Disadvantages Include it only takes ten tokens at the moment.

Posted Date: July 11, 2023