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The Best Cryptocurrency Exchanges: A Guide for Beginners
One of the most popular financial investments today is cryptocurrency. It can be used as a medium of exchange, or it can be held for investment purposes. However, not everyone knows what it is and how it works. And even if you do know how to use it, where should you go to buy and sell cryptocurrency? In this article, I will give you a list of the best cryptocurrency exchanges for beginners.
Coinbase is one of the most popular cryptocurrency exchanges in the world. It's a trading platform that has quickly become a one-stop Exchange for cryptocurrency. It's supported by over 10 million customers, making it one of the most popular crypto platforms of its kind. The easiest way to get started is by purchasing some Ethereum or Bitcoin using a credit or debit card. You'll also have access to Bitcoin Cash, Litecoin, and EOS tokens, which are the most liquid cryptocurrencies on the platform.
Bitfinex is an exchange platform that allows you to trade Bitcoin against various other cryptocurrencies. Bitfinex has a long history of providing traders with one of the largest selections of digital tokens, and it is one of the most trusted and reliable platforms for cryptocurrency trading in the world today.
As the largest cryptocurrency exchange in the world, Binance is a top choice for anyone looking to buy and sell cryptocurrency. Not only does it boast one of the world's fastest transaction times, but it also offers great customer service. Binance is also one of the few exchanges that provide services to Chinese residents.
Huobi is one of the world's largest cryptocurrency exchanges, and it also has one of the fastest transaction times in the industry. There is a good reason for that; Huobi has been around for several years. While the platform does not have the best customer service of any of the exchanges mentioned here, it does offer a lot of value for its users. And, unlike some of the other exchanges mentioned here, Huobi is based in Hong Kong.
CoinBene is a popular online broker that allows traders to buy and sell bitcoin, litecoin, ether, and other cryptocurrencies. While the platform has a low load time, it's not the most user-friendly. For those who are interested in trading crypto without having to worry about security issues and high transaction fees, CoinBene is the crypto exchange for you.
Cash App is one of the most popular money management apps on the Apple App Store. With this app, you can send and receive money, invest in cryptocurrencies, and even pay bills, all without leaving the app.
Kraken is one of the most established and professional cryptocurrency exchanges. It also has a transparent ownership model, so the ownership of your account is totally transparent. Kraken boasts excellent customer support, as well as 24/7 server monitoring. Kraken is a great option if you have multiple accounts. It supports multiple cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, Monero, and Zcash, and many more.
Pros; Professional support Currency selection & Exchange doesn’t charge any fee
Cons; Maybe slow at times & May not have the best customer service
eToro is one of the leading cryptocurrency exchanges and is a member of the Bats BZX Exchange. The company was founded in 2011 and is based in Israel. The website provides a range of tools to help users invest in cryptocurrency with the aim of reducing trading costs and making investing more accessible to everyone. eToro offers live market data, charts, and news.
The user interface is easy to navigate and quick to get to different areas of the site. The platform is also user-friendly and easy to understand. It is one of the few cryptocurrency platforms that not only provides users with the necessary tools to access the market but also offers live chat support and video tutorials so that users can learn at their own pace.
KuCoin is one of the biggest exchanges, founded in 2014, it is the second-largest exchange in the world with its current market share of 43%. The exchange operates in nearly 80 countries and it operates 24/7.
KuCoin also has huge features, for example, it allows users to hold their digital assets on KuCoin and make them available for trading. This means that when you want to transfer your digital asset, you can do it from your mobile or tablet in a few seconds.
You can even close your account and open it again with a simple click. This is a great feature for investors that want to access their assets whenever they want. Another amazing feature of KuCoin is that you can use it as an investment vehicle, by placing your digital asset into a “smart contract”.
As always, the more you know about a subject, the better decisions you can make. That is why it is important to find the right cryptocurrency exchanges for beginners to learn more about the world of cryptocurrency. Do you know of any other cryptocurrency exchanges that should be on my list? leave a comment below.