The first digital currency was introduced in the market in 2009, and that was bitcoin. Earlier, people made fun of digital currencies and thought that these wouldn’t exist for a long time. With the coronavirus outbreak, everyone was shocked to know that digital currencies offer thousands of opportunities that were previously highly volatile and unpredictable. The truth is that several tech companies have started accepting and dealing in cryptocurrencies like other mediums of exchange. Today, people also prefer to use bitcoin for making payments while booking flight tickets, booking hotel rooms and shopping at malls or online.
It means that the world has started accepting cryptocurrencies with open hands and hearts, and even many people are coming forward to trade or invest in the crypto market. It is the result of the tremendous growth of bitcoin and other cryptocurrencies after the covid-19 outbreak. The exponential growth of digital currencies has attracted many new investors. The first step to investing or trade-in cryptocurrencies is by buying digital coins through the crypto exchange. As these currencies are computer code that gets transferred over the internet, it is crucial to be cautious at every step. Read the
essential aspects of bitcoin trading about trading new cryptocurrency. You must carefully select the crypto exchange by considering the requirements, goals and experience that you have. For example, if you are a complete beginner, find a suitable exchange that offers a simple user interface. On the other hand, if you are an experienced investor, find an advanced platform that offers advanced or complex features. To save your efforts and time, here is the list of a few reliable crypto exchanges that are highly reputed. Each platform offers a different interface, accessibility and security features. Therefore, you can choose the platform as per your needs and motives.
Binance is one of the leading digital exchanges across the world. It was developed in 2017, but it has maintained its reputation and position in the market and is known as the only crypto exchange that offers the best crypto trading pairs. Earlier, the exchange was mainly based in only one country, China, but there were harsh restrictions on cryptocurrencies, and therefore the exchange changed its base to Japan. As a result, it has experienced tremendous success, and the average daily trading at this exchange is over $1 billion. In addition, Binance offers a multi-tier structure system, customer support and two-factor authentication to all its users.
eToro is both a crypto exchange and a trading platform for all its users. It is a prevalent crypto exchange that provides users many opportunities to make money out of cryptocurrencies. It is a trading platform or broker that allows traders to sign up and start trading digital assets efficiently. The filter option in eToro’s website allows users to make a selection of crypto-asset for trading purposes. eToro offers high security to its customers and provides them with the convenience of using the mobile app for trading purposes.
Coinbase is a crypto exchange platform with its base in San Francisco but is famous worldwide. Most beginners prefer to use this crypto exchange as it offers a simple and easy-to-understand platform. It has unparalleled trading volume and is known for offering the best security features in its long history. It was launched back in 2012, and it allows users to buy digital coins by exchanging fiat currencies quickly. Coinbase facilitates users to trade Ethereum, Chainlink, Litecoin, Bitcoin and multiple other cryptocurrencies. Because this platform offers the best security, it charges a high nominal fee for exchanging or making transactions from users.
Coinmama is both a crypto exchange and a broker. It started offering its services back in 2013 and offers a simple platform to buy and trade digital currencies. Though this crypto exchange is based in Israel, it provides advantages to all other countries as well. The unique feature of this crypto exchange is that it offers fast delivery of coins to customers, and users can invest in different coins at different rates set by the exchange. It processes the transactions fast and also performs fast authentication for customers. Coinmama provides 24-hour support to its customers and helps them process safe and fast transactions. Users can invest in around ten digital coins from Coinmama.