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Top 5 Best Crypto Exchanges and Bitcoin Trading Platforms

The bitcoin sector has exploded in popularity over the last decade or so. With thoughts of Bitcoin becoming more mainstream, you may be considering investing.

However, you must first select a reputable bitcoin exchange. Many novice traders make the mistake of signing up on the first cryptocurrency website they come across, which can expose them to frauds and lose them a fortune.

Due to the proliferation of cryptocurrency exchanges in recent years, the prospect of investigating each one to discover which ones are reputable can cause your head to spin.

However, do not let the fear of selecting an unsecure exchange scare you away from the crypto industry. Once you've identified the finest cryptocurrency exchange for you, you may be surprised at how simple and secure cryptocurrency trading can become with the appropriate trading platform.

Fortunately, we've analysed the finest cryptocurrency exchange platforms to assist you in selecting the best cryptocurrency exchange platform for your specific needs.

Let's begin by examining the various cryptocurrency exchanges.

1- eToro

Our top pick for the best cryptocurrency exchange in 2021 is eToro. eToro was launched in 2007 as RetailFX by two Israeli brothers. Since then, the company has grown to become one of the best cryptocurrency exchanges in the world, with over 17 million users projected by the end of 2020. eToro is regulated by legal authorities in the European Union, the United Kingdom, the United States, Australia, China, and Cyprus.

You can trade the top 15 most popular cryptocurrencies on eToro, including Bitcoin and Ethereum. Users outside the United States can also trade non-crypto assets.

To become an eToro trader situated in the United States, you must make a minimum deposit of $50, but you will not be required to maintain a minimum balance afterwards. Each deal you make, however, must be worth at least $25—$200 if you wish to replicate another trader.

eToro's simple-to-use platform offers a plethora of features, making it one of the finest crypto exchanges for newcomers. If you're not quite ready to jump into the fray, you can practise your trades using a virtual account funded with $100,000 of fictitious money. Additionally, eToro's website features a variety of educational content.

Additionally, you may engage with other users via a social media-like dashboard, where you can discuss ideas and enter transactions together. However, if you truly want to trade like the experts, check out eToro's CopyTrader service, which allows you to replicate the transactions of high-performing users.

On the other side, if you're an experienced investor, you may register as a professional and earn money if your portfolio is copied.

In comparison to other cryptocurrency exchanges, eToro makes trading as simple as possible. Traders of all skill levels will have no difficulty navigating eToro's straightforward buy-and-sell order placement, and the platform's ProCharts feature's real-time charting and price updates will assist you in making informed crypto purchases.

Along with a fully functional trading app, eToro offers a mobile wallet application that may be linked to your account for added security. Both apps are available for free download on Apple and Android devices.

2- BlockFi

For interest-earning accounts, BlockFi is the greatest cryptocurrency exchange platform. BlockFi, which is based in and regulated in the United States, has enabled its users to purchase cryptocurrency and begin earning on it since 2017.

BlockFi, which is backed by significant financial sector giants like as SoFi and Fidelity, offers a diverse range of trading goods, including 11 cryptocurrencies.

You are not required to pay anything to join BlockFi, and the exchange does not charge any fees for trading. Additionally, you will not be required to make a minimum deposit. However, if you have a BlockFi Interest Account (BIA), Gemini, BlockFi's custodial agency, may impose withdrawal minimums.

If you're looking for the greatest cryptocurrency exchange in which to earn interest, go no further than the BIA. BlockFi currently offers a 6% annual percentage yield (APY) on Bitcoin, with several other cryptocurrencies offering even greater APYs. Utilize BlockFi's convenient interest calculator to determine the amount of interest you'll earn on your balance over a certain time period.

Additionally, BlockFi offers standard trading accounts, business accounts, crypto-backed loans for building your profile, and the world's first Bitcoin rewards credit card, which will launch in spring 2021. The BlockFi Bitcoin Rewards Credit Card, which will launch in several US states first, will reward you with 1.5 percent back in Bitcoin on every purchase. You may join the card's waiting list right now!

As long as you have a basic understanding of cryptocurrency trading, you should have no difficulty navigating the BlockFi platform, whether on a desktop or the exchange's mobile trading app.

3- PrimeXBT

PrimeXBT is the greatest cryptocurrency trading platform for trading CFDs on Bitcoin, Ethereum, and a wide range of other digital assets. PrimeXBT was founded in the Seychelles in 2018 and currently operates in 150 countries, with the exception of the United States and Canada, which have tougher crypto-exchange legislation.

Despite the fact that PrimeXBT is not accessible to clients in such huge cryptocurrency markets, it has expanded dramatically over the last few years. While some users may be concerned about the complete lack of regulation, rest assured that PrimeXBT prioritises user protection by holding funds in an offline storage wallet.

While PrimeXBT allows users to trade over 50 different types of assets, the exchange only accepts Bitcoin as payment, not fiat currencies. Fortunately, you can convert your money to Bitcoin quickly and effortlessly using the Changelly API.
PrimeXBT's Bitcoin-based platform makes it one of the best cryptocurrency exchanges for trading CFDs. This cryptocurrency exchange offers contracts for difference (CFDs) on five popular cryptocurrencies:
  • Bitcoin (BTC)
  • Ether (ETH)
  • Litecoin (LTC) Bitcoin
  • Rippling (XRP)
  • EO (EOS)
If you're more experienced with financial markets in general than with cryptocurrencies in particular, you may find greater success investing in these five CFDs rather than owning or managing the cryptocurrency directly.

When you register an account with PrimeXBT, you must deposit a minimum of 0.001 BTC. The platform does not impose a deposit fee, but each withdrawal will have a set fee of 0.0005 BTC. Furthermore, PrimeXBT charges a 0.05 percent fee on all bitcoin transactions.Bear in mind that you will also be charged conversion costs by Changelly.
Whichever assets you choose to trade, you'll appreciate PrimeXBT's easy platform, which includes capabilities such as price charts, Bitcoin leverage, and copy trading. Additionally, you can access your account through the PrimeXBT mobile app.
PrimeXBT offers 24/7 customer service in English and eight other languages to its global user base.

4- Binance

Binance, which was founded in 2017 and is headquartered in Malta, has established a reputation as one of the best cryptocurrency exchanges for trading cryptocurrencies other than Bitcoin. Despite the fact that the exchange complies with US standards, it is only available to residents of 28 states. Having said that, Binance maintains one of the highest trading volumes in the global exchange market.

While Binance does support fiat currency trading, this cryptocurrency exchange truly shines when it comes to the variety of altcoin trading possibilities. In comparison to other Bitcoin exchanges, Binance offers a significantly larger range of cryptocurrencies to trade, with over 600 possible trading pairs. Although US traders get access to only about 100 of those pairs, that is still far more than most platforms offer.

Although American traders cannot deposit in USD, they may still purchase a range of cryptocurrencies using a variety of payment options, including credit and debit cards, as well as EUR and GBP transactions.
Binance charges a 0.1 percent fee to both takers and makers, which decreases with trading volume.Additionally, trading in Binance Coin (BNB), the platform's native cryptocurrency, earns you a 25% discount.

In terms of features, Binance offers a plethora of teaching materials for beginners. Nonetheless, this cryptocurrency exchange focuses on advanced capabilities for experienced traders, like advanced charting, a blockchain incubator lab, and a launchpad for new currencies.
You can use Binance's cutting-edge platform via the exchange's website or the free Binance smartphone app, which is accessible in the App Store and Google Play Store.

Binance, which was founded in 2017 and is headquartered in Malta, has established a reputation as one of the best cryptocurrency exchanges for trading cryptocurrencies other than Bitcoin. Despite the fact that the exchange complies with US standards, it is only available to residents of 28 states. Having said that, Binance maintains one of the highest trading volumes in the global exchange market.

While Binance does support fiat currency trading, this cryptocurrency exchange truly shines when it comes to the variety of altcoin trading possibilities. In comparison to other Bitcoin exchanges, Binance offers a significantly larger range of cryptocurrencies to trade, with over 600 possible trading pairs. Although US traders get access to only about 100 of those pairs, that is still far more than most platforms offer.

Although American traders cannot deposit in USD, they may still purchase a range of cryptocurrencies using a variety of payment options, including credit and debit cards, as well as EUR and GBP transactions.

Binance charges both takers and makers a 0.1 percent fee, which decreases with trading volume. Additionally, trading in Binance Coin (BNB), the platform's native cryptocurrency, earns you a 25% discount.

In terms of features, Binance offers a plethora of teaching materials for beginners. Nonetheless, this cryptocurrency exchange focuses on advanced capabilities for experienced traders, like advanced charting, a blockchain incubator lab, and a launchpad for new currencies.

You can use Binance's cutting-edge platform via the exchange's website or the free Binance smartphone app, which is accessible in the App Store and Google Play Store.

5- Coinbase

Coinbase, based in the United States, has grown to be one of the most well-known Bitcoin exchanges in existence since its inception in 2012, trading at a particularly high volume among American cryptocurrency traders. Coinbase is fully regulated and operates in over 40 states and territories.

Coinbase offers 22 distinct cryptocurrencies for trading on its user-friendly platform and through its subsidiary, the Global Digital Asset Exchange (GDAX), which is available in the United States, the United Kingdom, Europe, Canada, Australia, and Singapore.

Due to the fact that Coinbase also supports fiat currency trading, it is one of the finest crypto exchanges for newcomers, since it enables them to receive funds immediately into their bank accounts.

When you open a Coinbase account and deposit $100, you'll receive a bonus of between $5 and $10. Coinbase, like the majority of cryptocurrency exchanges, levies a fee per trade that ranges from $0.99 to $2.99, depending on the monetary value of the transaction.

That may seem excessive, but Coinbase does not levy withdrawal fees. Additionally, GDAX does not impose fees for financial transfers between Coinbase and GDAX accounts.

If you're new to cryptocurrency, you'll like Coinbase's array of services geared to your specific needs. Custodial accounts make it easier for cryptocurrency newcomers to get their feet wet, and a large library of educational resources will help you get started.

After you've mastered the standard Coinbase interface, you may upgrade to Coinbase Pro, a free version designed for more seasoned traders. Coinbase Pro charges lower fees and provides more charting and indicator options for tracking your investments.

Whichever version you choose, Coinbase also boasts one of the best cryptocurrency apps, which replicates the company's intuitive internet interface. The Coinbase app is available for free download from the App Store or Google Play Store.

Finally, Which Cryptocurrency Trading Platform Is Right for You?

Whether you've been a long-time investor or are interested in dipping your toe into the world of cryptocurrency for the first time, you should carefully explore all of your options when selecting the best cryptocurrency exchange for your needs. Hopefully, our ranking of the best cryptocurrency exchanges can assist you in making your choice.

If you are dissatisfied with your initial encounter with a crypto exchange, have no fear. If you're new to cryptocurrency trading, learning the ropes may take some time, and ultimately, committing to a platform may require some trial and error. Do not be afraid to use the practise accounts provided by multiple exchanges to acquire a feel for each platform.

Once you've chosen one of the crypto exchanges we discussed today, utilising the platform's multiple features should help you quickly develop into an informed, capable cryptocurrency trader.

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