• Sun. Aug 14th, 2022

Five best exchanges to buy cryptocurrencies

ByHazel R. Lang

Jul 23, 2022

Cryptocurrency exchanges are platforms where crypto traders buy and sell digital currencies like Bitcoin, Ethereum, and Dogecoin. Whether you are new to trading or a veteran, it is important to understand cryptocurrency. This means opening the right crypto exchange to sell and buy your cryptocurrency. Yet with its growth comes the challenge of getting a stable and reliable platform that is free from scammers.

Apart from security, you should also consider aspects such as fees, supported assets, and payment methods when setting up a cryptocurrency exchange account. Most good platforms offer institutional services, staking rewards, and margin trading, even crypto lending. For a better trading experience, you need the right cryptocurrency exchange account that will best suit your needs. We have made a cryptocurrency overview to help you choose the best cryptocurrency exchange to invest in.

  1. Coinbase

If you are a new trader in the market, the Coinbase platform is your best choice for selling, trading, and buying cryptocurrency. This exchange is one of the best-known trading platforms in the United States. It is simple to buy, sell, and trade due to its user-friendly interface and comprehensive educational content. If you are a user, it is best to take advantage of these learning materials through the Coinbase Earn program. Through the program, you will learn how to trade different cryptocurrencies and earn the free crypto reward by watching educational videos.

It also offers different investment options for institutional and individual investors and can work well for professional traders due to the advanced trading platform it offers. These wealthy accounts include Coinbase Pro and Coinbase Prime. Moreover, it supports many cryptocurrencies including Ripple, Bitcoin, Dogecoin, and Ethereum. With Coinbase Pro, you will have access to more advanced features such as real-time order books, secure trading robots, and charting tools. As a public company trader, you will pay more trading fees. Coinbase keeps 98% of its crypto assets in cold storage to protect user funds and an insurance policy that protects specific custodial accounts.

  1. Changelly

Changelly is a non-custodial cryptocurrency exchange that offers a wide range of over 400 cryptocurrencies. This means that it does not store your assets and you need to have your own wallet to trade on the platform. You can trade cryptocurrency at low fees, and its easy-to-use preface lets you trade seamlessly. Although many traders prefer smaller coins in hopes of getting in before the currencies get more price gains, smaller coins carry more risk than digital currencies.

Changelly also accepts three fiat currencies USA/EN Dollar (USD), British Pound (GPB) and Euro (EUR). The platform charges low rates for crypto-to-crypto exchanges, unlike buying cryptocurrency with dollars. Some portfolio partners of changelly.com include Trust Wallet, Ledger, Exodus and Trezor. This makes the platform a perfect choice if you want to trade directly from your wallet and not lose your keys.

To trade cryptocurrency while using Changelly, you must provide your email address. Other times you will need to give more details to trade with a traditional coin. Despite the few drawbacks, Changelly remains one of the best cryptocurrency exchange platforms. You can easily find the best price at any time thanks to the many types of currencies.

  1. Binance

The Binance cryptocurrency exchange was launched in 2017 in China and later moved its operations to Japan. It is the largest exchange in the world by coin market capitalization. Binance and Binance.US are sister companies and have the same interface and experience. Binance.US operates in 45 counties and offers the lowest exchange fees unlike other crypto exchanges. However, for new crypto traders, the exchange is not the best option.

It offers trading options for individuals and institutions and supports over 50 cryptocurrencies. You will also get other benefits such as crypto trading pairs, staking rewards, recurring purchases, and OTC trading.

  1. FTX

FTX.COM is a cryptocurrency exchange that provides derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens, and an OTC desk.

In January, the company raised $400 million in Series C funding at a $32 billion valuation from backers including Temasek, Paradigm, Ontario Teachers’ Pension Plan Board, NEA, IVP, SoftBank Vision Fund 2 , Lightspeed Venture Partners, Steadview Capital, Tiger Global , and Insight Partners, among others. This brought the total funding raised to date to $1.8 billion.

CoinGecko

As a crypto investor or trader, you can find useful features and tools on CoinGecko. The platform started operations in 2014. It provides educational materials to accommodate newbie traders through the website and mobile apps. CoinGecko acts as a hub for information such as links to websites, social media accounts, and blogs with over 6,000 crypto assets. Crypto assets are ranked by market capitalization, with the largest asset being the highest.

Some features are filters to narrow down searches for what you need to know. This makes CoinGecko a one-stop-shop for traders and investors looking for reliable information to make informed trading decisions. It also monitors the growth of the crypto industry and various other events.


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