The Best Exchanges for Trading Cryptocurrencies
So finally, you have decided to enter the crypto world. Well, you are not alone, as there are many like you out there who are looking to kick off their crypto journey. What is so special about cryptocurrencies is that it can either make you rich or pauper in little to no time. Trading cryptocurrencies is a great way to double your money, as long as you’re using the right platform and the luck is on your side. With this in mind, we have made a list of some of the best crypto exchanges for trading digital currencies. Let’s have a look at them below;
Binance
Binance is an ideal option for trading altcoins and is considered the safest crypto exchange platform among the majority of crypto investors and traders. Headquartered in Malta, Binance is the largest cryptocurrency exchange in the world for buying and selling cryptocurrencies. When it comes to the trading activities on the platform, Binance completes around 1,400,000 transactions per second, with a whopping $2 billion average daily trading volume. it was launched by Changpeng Zhao and Yi in China in 2017. Subsequently, the exchange had to relocate to Japan thanks to strict laws in China. However, currently, it is headquartered in Malta.
Coinbase
Coinbase is a safe and legitimate crypto exchange and a broker. It is fully licensed to perform money transmission in most jurisdictions of the United States. So, it’s nearly impossible that they will run away with your funds. As of this writing, Coinbase supports over 25 digital currencies for trading, investment, and staking as well. However, it provides market info and description for 50 digital currencies. It is easy to sign up and offers easy to understand user interface. Both of these crypto exchange platforms are considered super safe in the crypto industry.
However, you may also go with other names in the market, depending on your requirements and preferences. Whatever platform you pick, make sure it is reputed and authentic.
As a writer, Ruben is an advocate of blockchain technology and cryptocurrency in general. He writes about all things from cryptography to economics, with a focus on how it applies to cryptocurrencies. He is also passionate about writing about topics such as decentralization, open-sourced software development, and copyright law.
