Cryptocurrency is the hottest topic in the present world. Cryptocurrency exchanges are the platforms that enable you to trade in digital currencies or traditional currencies like Euro and USD. It is based on decentralized technology and uses peer-to-peer networks. Several websites are providing a cryptocurrency exchange.
However, not all of them are secure to use. Many crypto exchanges claim to be best but the reality is a little harsh. So you need to know the best cryptocurrency exchanges that will trend in the upcoming year.
Cryptocurrency Exchanges to Use
The cryptocurrency was invented in 2008. It has gained much popularity with modernization. All you need is a bank account with sufficient balance to start exchanges. Therefore, you should know the reliable platforms. A crypto exchange should at least have the following properties:
- Built-in wallet
- Good support to the traders
- High-level security
- Availability of cryptocurrencies
- Multiple payment options
In this section, we are going to discuss the top 5 crypto exchanges to use in 2021. So here it goes:
Binance is one of the largest and popular crypto exchange platforms. It enables you to trade in more than 150 cryptocurrencies. It provides plenty of tools that make online trading smoother. This uses separate features for management of data and clients and also for processing application.
Binance provides 24×7 supports to the traders. The exchange is compatible with web, Android, iOS and PC clients. It uses a clustering technique for ensuring safe online trading. Another important feature is that it bears both beginner and expert level interface. If you are a newcomer, you can utilize it. Its multidimensional UI and creative framework will guide you to become an expert.
It is another well- known cryptocurrency exchange platform. Coinbase can be utilized to sell, or purchase and store digital currency. It is quite simple to use. You can easily buy Bitcoin and other cryptocurrencies. One can buy Bitcoins either using a visa, maestro card or credit card.
It comes with advanced features like GDAX that are designed for the experienced traders. However, other advanced features include Wallet, API, etc. These features help developers to connect with a third-party app.
Another important point to highlight is that it provides unique security to users. It safeguards the assets of the customer with an insurance policy. If the exchange fails to save its coins, you can claim your fund.
Kraken is a cryptocurrency exchange platform, developed especially for beginners. The exchange helps you to understand cryptocurrencies and market trends more efficiently. It provides revenue share to the traders and also offers fiat pairs.
For better interaction with the clients, it provides 24x 7 services. However, Kraken is much concerned about the safety of the client. For better security, it avoids any kind of unusual activity.
BitMEX is another trading platform for cryptocurrency. It is mainly operated by HDR Global. It has implemented multifactor security to safeguard the digital assets of traders. This platform uses Two Factor Authentication for better security. The IP pinning option notifies users about the login from unknown sources.
BitMEX helps to audit the balance of accounts. It is mainly built for expert traders and investors. It comes with advanced trading options like margin trading with 100X leverage. So if you are skilled enough, this platform is worth trying.
Poloniex is another crypto exchange platform, gaining popularity in recent times. The trading fee is below 0.20%. It allows you to save information offline. You can trade in any cryptocurrencies from BTC to ETH to altcoins.
Another important feature is that it stores the exact funds required for trading smoothly. With Poloniex one can use smart algorithms as well as bot trading strategies for a better outcome. Along with this, it also provides high-level security to the traders.
Hope the above text will help you to understand the market trend. Though all cryptocurrency exchanges operate in the same way, they vary mostly in terms of privacy, security, cost, and overall structure. So read the privacy and security policies before entering these exchange platforms.