What Are the Best Cryptocurrency Online Trading Platforms
Cryptocurrency prices have been shooting up every single day since the previous year. Most people who had not focused earlier on this mode of investment are now turning to invest their money on these digital assets. Potential investors have had multiple options when it comes to choosing how to trade in cryptocurrencies. This first way is to use cryptocurrency exchanges to allow the investors to exchange their fiat currency for their digital currencies and even digital currency for digital currency. While the other option involves the use of an online brokers’ platform for trading in cryptocurrencies.
There are many different cryptocurrency trading platforms that one can use in order to trade in bitcoins and ethers. If you are new to the realm and are looking to invest in bitcoins and others, it might be somewhat overwhelming for you to decide where should you be investing. To help you out with the best cryptocurrency online trading platform in 2018, our team of experts is there for you, providing you with our expertise. Here are our top five picks –
Bitstamp has been around since 2011 and was one of the first licensed cryptocurrency trading platforms to hit the European markets. The exchange platform has had low trading-fee and hence has been popular among the people. The platform comes along with a mobile app for people who want to trade on the go. Today, Bitstamp provides support for four cryptocurrencies – Bitcoins, Ethers, Litecoins, Ripple. The platform is well-known and reputed. However, the user interface might be a bit difficult for people to get used to in the beginning.
Gemini was founded in 2015 by US-based Winklevoss brothers. The Gemini exchange platform is a regulated one, therefore safe to opt for and okay to trust. The fee for the platform is in consonance with the average fee in the market. The platform is relatively easy to use, in comparison to the one stated above, and provides a good space for people to invest in. Though the platform is restricted to US-based users, for now, there are plans to expand it later in 2018. At Gemini, you can trade in both Bitcoins and Ethers.
The Israel based exchange, Coinmama specializes in the sale and purchase of Bitcoins with the help of credit cards and debits cards. The services offered by Coinmama are not restricted to one country but are available across many countries. The purchase limit is on the higher side on this platform in comparison to other platforms, which is a prime feature for this platform. Bitcoins can be purchased here with the help of cash payments as well. However, the only drawback for the platform would be the fee, which is on the higher end.
AvaTrade has established a name for itself in the cryptocurrency markets. The exchange platform is recognized, regulated, and completely dedicated to providing flexible trading solutions to its investors. The trading needs can be customized in accordance with the needs of the investors, irrespective of their knowledge and experience. The platform is also very easy to operate. It is easy to make an account on the same and trade with it. The biggest advantage, however, is that brokers are going to provide you with a good amount of support to you, in terms of trading, its related knowledge and education, and everything else that you need. You can trade in more than 250 instruments on the AvaTraders’ platform.
World’s leader in cryptocurrency exchange platforms, Kraken has been around for ages now. The exchange is well regulated and had been withstanding all kinds of challenges thrown its ways. The platform provides you with trading opportunities regarding Bitcoins, Ethers, Litecoins, and 14 other similar instruments. This is the main reason why the platform is popular among experienced people. The user interfaces for Kraken though can challenge the novice investors in the market. It can be a bit hard to understand at first, but all in all, it is a great platform if you are looking to invest in cryptocurrencies this year.
Investing in cryptocurrencies isn’t difficult, choosing the platform can be! Look out for the top five platforms mentioned on this list for your investment needs this yes! Make a better decision today! With the best investment strategies, you can surely take the edge!