The fast growth of cryptocurrency has been the rage for quite some time now, with investors wanting in on the promising profits of digital currency. No one wants their Bitcoin stolen by hackers.Whether you are already a crypto investor or you’re new to it and want more info on crypto trading, this article reviews the 10 best crypto exchanges on the market right now.
Binance allows you to buy, sell, and trade cryptocurrency, charging 0.1% on trades. You have the option to earn interest on your coins by staking them for a while and earning an interest rate of between 0.5-10%.
You can purchase crypto using bank deposits, bank transfers, and credit/debit cards, so there are a lot of payment methods to choose from. However, a heavy 4.5% fee is charged on debit card purchases.
Based in Florida and founded in 1982, Trade Station has gained popularity due to its longevity and credibility. It is most popular among advanced and intermediate crypto investors
Still, this brokerage offers a 6% interest rate, accruing daily and paid monthly, allowing you to deposit and trade assets to your heart’s content while building up decent interest.
We picked Coinbase because it makes buying and selling cryptocurrencies very easy with strong security and transparent pricing. Additionally, Coinbase offers Coinbase Pro with a lower fee structure and significantly more features in terms of charts and indicators.
While the cryptocurrency industry has been fraught with fraudulent coins and shady exchanges, Coinbase has largely avoided any controversy. Coinbase offers an extremely easy-to-use exchange, greatly lowering the barrier to entry for cryptocurrency investment, which is typically seen as confusing and convoluted.
Coinbase also offers insured custodial wallets for investors and traders to store their investments. They carry insurance against data breaches and hacking, and your cash is stored in Federal Deposit Insurance Corporation (FDIC)-insured bank accounts which is important since users have reported accounts being hacked and funds being drained. The Coinbase custodial accounts are very convenient for newer users just getting their feet wet, but Coinbase owns the private keys to the coins, not the investor.
Bittrex was founded in Seattle, Washington in 2014. Although Bittrex doesn’t provide a mobile or desktop platform, it still offers over 100 tradeable coins, including bitcoin, ethereum and litecoin.
Bittrex has a simple pricing model, and charges a flat 0.25% on all trades. At this commission rate, it would cost $2.50 to buy $1,000 worth of Bitcoin (BTC). Higher-volume traders, those trading more than $25,000 a month, should look at Kraken for discounted pricing.
WazirX was founded in 2018 and became India’s biggest and most trustworthy crypto currency exchange. WazirX is popular for crypto investments in India, similar to how Zerodha is popular for stock investments. WazirX even has its own token WRX that you can use for paying transaction fees (and save 50% on trading fees).