10 Best Crypto Exchanges and Platforms In 2022

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Avatar for Jonquero
2 years ago

The increase (and twists and turns) in value of bitcoin, ether, dogecoin, and other cryptocurrencies has skyrocketed in popularity. While it may appear scary at first, and while frauds have occurred and continue to occur, today's finest crypto exchanges and platforms make buying and trading cryptocurrency easier and more transparent than ever before.

Investing in cryptocurrencies may be done in a variety of methods and places. Crypto exchanges and online brokers that offer crypto, as well as currency and payment applications that allow you to buy and sell bitcoin, are included in our list. Even individuals who are used to more standard investment platforms should be aware that crypto has distinct pricing structures, limited customer support alternatives, and a greater responsibility for the investor in security.

Best Crypto Exchanges and Platforms

Crypto Exchange

Online Brokers

Cash and Payment Apps

Users may now purchase and sell bitcoin using a variety of cash and peer-to-peer payment tools. Overall, these applications have less features than the exchanges and brokers mentioned above.

Cashapp

CashApp, a Square-run peer-to-peer money transfer service, allows users to buy and sell bitcoin. Cash App, unlike the other cash applications mentioned here, allows users to send bitcoin to their own cryptocurrency wallet. Cash App charges a fee based on price volatility and market trading volume, which is disclosed during the purchase process.

Bitcoin withdrawals are limited to $2,000 per day or $5,000 in any seven-day period using Cash App.

Paypal

PayPal customers may buy and sell bitcoin, but they must do it via PayPal's website: Users are unable to send cryptocurrency to their own digital wallet. A 0.5 percent trading cost (which may change depending on market circumstances) and a tiered transaction fee based on the amount of crypto acquired, ranging from 2.3 percent for sums between $25 and $100 to 1.5 percent for purchases or sales of more than $1,000 of bitcoin are included in the fees. A 0.5 percent fee is applied to purchases under $25. Users can spend up to $20,000 every week, but no more than $50,000 in a single year.

PayPal enables you to buy bitcoin where it's available, but you'll have to pay taxes on the sale of bitcoin on top of whatever taxes you'll have to pay on the products or service you're buying.

Venmo

Venmo is the newest payment app to provide cryptocurrency sales and purchases, but unlike previous suppliers, it offers four different coins: bitcoin, ether, bitcoin cash, and litecoin. Venmo's fee structure is similar to PayPal's: 0.5 percent trading cost, plus 2.3 percent tiered transaction costs for crypto trades between $25 and $100, dropping to 1.5 percent for trades above $1,000 (0.5 percent charged on crypto purchases below $25).

The weekly limit is $20,000, with a total limit of $50,000 per year.

How is investing in crypto different from traditional investment in stocks, bonds and funds?

Cryptocurrency trading differs from traditional investment in a number of ways:

  • Trading in cryptocurrencies is far more expensive than traditional investment, which has seen fees progressively fall in recent years. When trading bitcoin, for example, depending on the mode of payment, you may spend 5% or more in fees. Investing with a robo-advisor, on the other hand, can cost as little as 0.25 percent, allowing you to retain more of your money invested.

  • Because cryptocurrency is such a young and developing business, client service has fallen behind that of traditional brokerages. Want to talk to someone about a crypto exchange query or account issue? We found no pure crypto exchanges that provide this service.

  • With cryptocurrency exchanges, you have a greater responsibility for securing your crypto from theft, especially if you use your own digital wallet. Individual assaults on your account, such as a phishing email attack in which you accidentally give your credentials to fraudsters, are not protected by exchanges.

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Yes Nice poste

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2 years ago

thnak you very much

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