understand the cryptocurrencies on your own can be daunting, and if you are new to cryptocurrency trading, finding the platform suitable for buy and sell popular assets like BitcoinEthereum and Dogecoin it can be another challenge.
Also, if you don’t want to use the wallet integration of your exchange (if applicable), you will need to set up a external crypto wallet for store your assets safely.
Most of the exchanges (“exchanges“, in English) of cryptocurrencies like Bitcoin they also offer rewards for staking, for holding a crypto asset for a set period of time, margin trading, and institutional services.
What is a cryptocurrency exchange?
A cryptocurrency exchange is like an online brokerage for cryptocurrencies, tokens (virtual assets created through existing blockchains) and other digital assets.
Many of these exchanges offer investment options for active traders looking to buy, sell, or hold digital assets such as Bitcoin, Ethereum, and Litecoin.
Most exchanges also offer custody and storage options for users looking to securely protect their crypto assets from theft and hacking.
Most exchanges are not solely personal wallet services. If you want to set up an external wallet with a Bitcoin wallet provider or other storage wallet service, you can do so while maintaining your crypto exchange account. You can simply transfer assets between your exchange account and the crypto wallet when necessary.
Then, a list of the best cryptocurrency exchanges.
coinbase
Coinbase offers more than 170 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin and Ripple. This exchange also offers multiple investment options for individual and institutional clients.
Some of your account features include participation rewards, mobile apps iOS and Androidand a Coinbase Learning Rewards account option that pays you in crypto assets for watching educational videos.
Coinbase also offers a few other options: Coinbase Pro and Coinbase Advanced Trade for experienced traders and Coinbase Prime for high net worth institutions and clients (individuals with at least $1 million).
Although the media represents it as a currency, Bitcoin is a 100% digital asset.
Coinbase Pro users get access to more advanced features like secure trading bots, charting tools, and real-time order books. Coinbase Advanced Trade enhances Coinbase Pro offerings, giving users access to crypto rewards and additional tools and security features.
As well as the cryptocurrency trading platform Primeinstitutional clients can use trading services, cold storage (offline storage for crypto assets), and an asset hub that allows issuers to list and grow their products on the platform.
Coinbase also launched the beta version of its trading platform. NFTs. For a limited time, it is offering no transaction fees for creators and collectors using the platform. Many NFT platforms charge 2.5% per transaction, so Coinbase’s offerings are very competitive when it comes to pricing.
If you regularly use margin accounts to trade, Coinbase is not the best option. This exchange does not allow you to temporarily borrow money to trade crypto assets, nor does it offer futures, legal contracts that give you the option to exchange a security at a specific price at a future date.
Open: 75 cryptocurrencies
Abra is a global crypto exchange serving individual and institutional traders in more than 150 countries. Along with the fact that Abra does not charge any trading fees, although it earns revenue from spreading across different assets, the exchange also stands out due to its wide selection of crypto products and features.
This includes dealing with 75 cryptocurrenciesinterest accounts that allow you to earn up to 10% on eligible assets, crypto-backed loans, over-the-counter (OTC) transactions, and multiple educational guides for beginners.
The operation of cryptocurrencies such as Bitcoin can bring huge profits.
Its OTC services also provide institutional clients with access to interest-bearing accounts, loans, and one-on-one account support. Plus, Abra pays you a 3% cash back for CPRX token transactions, and the exchange offers 0% interest loans.
Kraken: 185 cryptocurrencies
Kraken has over 185 cryptocurrencies with a variety of options for both retail and institutional investors. But when it comes to global support, Kraken has a bit more reach than Binance. The exchange currently supports traders on almost 200 countries.
It also offers margin trading and futures trading. With your margin accounts, you can borrow up to five times your account balance to trade crypto assets.
Futures trading (contracts that allow you to buy or sell an asset at a fixed price at an upcoming date) is available for Bitcoin, ethereum, Litecoin, Bitcoin Cash and Ripple. All customers can use Kraken’s staking rewards, access to the iOS and Android mobile app, and educational resources.
CEX.IO: more than 100 cryptocurrencies
Based in London, CEX.IO is a global crypto exchange that supports traders in more than 99% of the world’s countries, according to its website. The exchange also gives you access to Bitcoin and more than 100 other crypto assets.
All users can access the feature instant purchase from CEX.IO (this is for credit and debit card purchases only), mobile app, staking rewards, and crypto-backed loans.
The Bitcoin price is very volatile.
But more advanced traders may prefer the function of spot trade by CEX.IO. This option allows you to place different types of crypto market orders. Institutions and businesses can use its payment aggregation and management services.
Credit card transactions can be expensive on CEX.IO. For deposits of Visa and MasterCard, you will have to pay a fee of 2.99%. MasterCard users can expect a service charge of up to 1.8% plus an additional $1.20. There is also a commission of up to 1.2% plus $3.80.
gemini
Gemini offers a wide variety of cryptocurrency trading services for individuals and institutions. Traders can take advantage of multiple platforms, including the Gemini web exchange, the Gemini iOS and Android mobile apps, the platform Gemini Active TraderGemini fund solutions and institutional trading tools.
But the exchange also offers some other notable features: Gemini Wallet, Gemini Earn, Gemini Clearing (brokerage services for crypto transactions outside of inter-party exchange), Gemini Custody, Gemini Pay, and Gemini Dollar (a digital asset backed by US dollars).
Although Gemini is not strictly a personal wallet service, its two storage and custody options, Gemini Wallet and Gemini Custody, give you the option of online storage or offline institutional storage for your crypto assets. Gemini Custody is also offering $200 million in cold storage insurance coverage.
Gemini Earn gives you the option to receive up to 8.05% interest on your crypto balancewhile Gemini Pay gives you the option to use your assets to make purchases at more than 30,000 US retailers.
Bitcoin is the most popular cryptocurrency in the world.
gemini has multiple fee schedules for different accounts and account actions. While you will not be charged to transfer funds via ACH methods or wire transfers, credit or debit card transfers incur a 3.49% fee. The exchange also has a limited number of cryptocurrencies.
