Cryptocurrencies are once again entering into the mainstream, with many new investors learning about and wanting to buy Bitcoin with paybis. But most people quickly understand that getting ahold of some BTC is not as simple as going to your broker. The process is aimed towards more tech-savvy people and investors who are familiar with online trading platforms.
Due to this, you might be looking for some direction when it comes to the platforms that are trustworthy and easy to use. In this article, we help you do just that! In the next few chapters, we will introduce you to our top-6 favorite cryptocurrency exchanges and give you important pointers when it comes to their functionality. Ready to delve in? Let’s get started.
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Best trading platform: Binance
Binance is one of the most popular trading platforms in the world. Created in 2017 by Changpeng Zhao, the platform has managed to grow exponentially over the past few years. The exchange itself is split into three different sub platforms:
- Binance.com – This is the first and most popular Binance platform. It comes with more than 150 Bitcoin trading pairs as well as the ability to buy Bitcoin directly, using your bank account or card. Aside from its trading functionalities, Binance.com offers a large array of financial products that allows its users to earn passive income, participate in initial coin offerings, and more.
- Binance.us – The USA is notoriously strict on its regulations when it comes to cryptocurrency exchanges. Binance.us is a separate (and rather limited) exchange platform that aims to serve the American market.
- Binance.org – The decentralized exchange of Binance (DEX). This platform allows its users to trade without any regulatory overview, as each transaction happens in a peer-to-peer fashion. Binance Dex saw a rapid increase in popularity over the past summer with more crypto projects being launched on decentralized platforms rather than the expensive centralized platforms. Keep in mind that you will need to have your own private wallet before you decide to make a transaction on this platform.
Most convenient platform: Coinbase (& Coinbase Pro)
Coinbase is probably the most popular online platform that allows investors to purchase cryptocurrency. Unlike Binance, this platform is actually a brokerage service, meaning that it acts as a middleman between the buyer and the liquidity provider(s). Therefore, you are not directly buying or selling from other users.
Coinbase and its trading platform (Coinbase Pro) offer several financial products to their users, including collateral crypto loans, insurance, staking option and even earning possibilities. It is considered to be the most
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