Introduction
The market capitalization already exceeds $100 Billion and it's
growing fast. But where can you spend those digital coins? In this article,
I'll cover the best cryptocurrency exchanges, in more detail, the best mobile
apps for trading cryptocurrency.
It will be a challenge, and it is your job to make sure that you
can invest successfully. Getting started is the most difficult part of any
journey, and this is where I come in. I am going to go over some tips on what
you should look for in making sure you can start investing with cryptocurrency.
Coinbase,Robinhood & Coinmama
Coinbase
The largest Bitcoin exchange in the world at the moment in terms of
US$ volume is Coinbase Exchange, although it is mainly aimed at spot traders.
The exchange offers leverage of up to 1:10, which means that you can control a
Bitcoin position worth $100 with as little as $10. If you are new to futures
trading, you can use the exchange’s “Bootcamp” feature to learn the ropes.
Coinbase has a simple and easy-to-understand interface.
Robinhood
It started as a fee-free stock brokerage and recently expanded into
the world of digital currencies. The best part: No fees! You can buy and sell
Bitcoin and other digital currencies completely fee-free on this platform. It
supports cryptocurrency trades and market data right in its mobile app. Your
coins are stored in the same Robinhood account you can use for your stocks and
share a login.
Coinmama
Coinmama is another beginner-friendly exchange that focuses on
credit and debit card purchases. These payments are convenient, but when it
comes to larger Bitcoin amounts they will attract higher fees than bank
transfers.
CEX.IO, Kraken &
Bitpanda
It is a multifunctional cryptocurrency exchange which is trusted by
millions of customers worldwide and allows users to buy bitcoin with a credit
card or debit card seamlessly. it boasts multiple payment methods (SWIFT, SEPA, ACH, Faster Payments), 24/7
customer support, and proven platform stability.
Kraken
Kraken is one of the largest and most successful bitcoin exchanges
in the world and they provide an excellent service to their customers. One of
the features we love about Kraken is that you can trade over 10 different
cryptocurrencies including Bitcoin, Dash, Ethereum, and Zcash.
Bitpanda
It separates itself from other exchanges by offering many other
payment methods and cryptocurrencies. We like their clean interface and ease of
use for newbies looking to purchase Bitcoin for the first time.
Gemini,Binance,eToro & Wirex
Gemini
Gemini is a cryptocurrency exchange created by Cameron and Tyler
Winklevoss. Since its launch in 2015, Gemini has become one of the most widely
used cryptocurrency exchanges. This is because Gemini is both a digital wallet
and an exchange platform that users can use to buy, sell and store their
digital currency. The platform takes pride in being fully regulated by NYDFS
(New York Department of Financial Services), which makes it one of the safest
places to trade cryptocurrencies.
Binance
Binance was launched in July 2017 after raising $15 million in its
ICO. It is a relatively new exchange but has shown impressive traction since
its launch. Binance became the largest cryptocurrency exchange by trading
volume in just under 180 days after its launch, which is no small feat. Trading
volume on Binance was $2 billion per day as of May 2019, which shows how much
it has grown since its inception just two years ago.
eToro
eToro is another global cryptocurrency platform that offers a host
of services to its users, including the ability to buy Bitcoin with Mastercard.
The platform is registered with CySEC and FCA, which provides traders with
enhanced safety for their funds. Since eToro is primarily a CFD broker
Conclusion
If you’re new to cryptocurrency, you may well have heard people
talk about trading and investing. You might wonder what the difference is
between the two activities, or whether there is any difference at all.
In short, the difference is that investing means buying and holding
cryptocurrency for the long term (say, more than a year), while trading refers
to buying and selling cryptocurrency in the short (such as a day or two days).
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