Cryptocurrency has been around for some time – since the development of the first Cryptocurrency that led to the birth of thousands of Cryptocurrencies. Since then, there have been millions of individuals and firms that engaged and are now part of the Crypto world.
Cryptocurrency and stock markets are closely similar in terms of allowing investors to utilise different tools to analyse market changes and aid their transactions. Therefore, it’s recommended to choose a Crypto exchange that can benefit you in the long term and align with your knowledge and skills as an investor.
With the wide array of choices of cryptocurrency trading platforms, including Bitcoin Prime, it can be pretty difficult to select one, especially for newbie investors. Fortunately, there is a simple way to simplify and narrow down your list – there are factors to consider and things that you should look out for when choosing an exchange and start trading in a crypto platform.
Cryptocurrency trading requires a stable Internet connection all the time, which means you are also at risk from potential cybersecurity threats that will always try to hack and steal your assets. When trading in Cryptocurrency, your top priority should be to ensure that your funds are stored securely. Fortunately, with the long list of Crypto exchanges in the market, the majority of them prioritise security features without compromising the convenience for user experience.
With that in mind, check out these four efficient Cryptocurrency trading platforms in the market that every investor should know about for a smooth and secured investing journey.
Coinbase has been in the Cryptocurrency market since 2012 and currently is now one of the largest crypto exchanges in the digital market. It has made it to the successful ones for continuously attracting investors and traders. This exchange has gained a huge number of people due to their services with unique features, which makes them one of the well-established Crypto trading platforms. This exchange has more than 68 million verified users that are scattered over 100 countries.
For investors who want a crypto exchange with the highest maximum security, Coinbase won’t disappoint. This platform is well known not only for its user-friendly features but also for its unique additional security measures, which make investors feel safe and confident in storing their assets in this exchange. While some exchanges store investors’ assets online, Coinbase Vault offers offline storage, which makes it extremely secure.
Binance is another reliable crypto trading platform that provides investors with one of the best and excellent services for trading. Investors and traders who plan on diversifying their investments would want to choose an exchange that offers multiple altcoins in their system. Binance has over 600 altcoins available for trading, and this platform’s diversified system ranks higher to almost all the trading platforms in the digital market.
Aside from offering various altcoins, Binance also features advanced tools and resources that make investors’ lives easier, which is very helpful for newbie investors. Though its features are advanced and complex, the process of using this platform is beginner-friendly because it has tutorials and educational resources that help traders understand – from the basic crypto terminologies to complex processes on how things work.
3. Bitcoin Prime
Bitcoin Prime utilises a unique algorithm by associating Artificial Intelligence (AI) with Machine Learning in analysing the market pattern changes to come up with the most effective trading strategy. Cryptocurrency is known to be highly volatile, so coming up with a solution or pattern on how to take advantage of its volatility is extremely challenging.
Just like other aspects in life, constantly practising yields better results. In Cryptocurrency trading, it’s wise to study price history values and plan your moves well if you’re aiming to achieve the best possible results. Bitcoin Prime provides you with the right time to complete trades, even for newbie investors.
Security should be your number one priority when it comes to performing transactions that involve your digital funds. Kraken provides different security methods, including email confirmations, SSL encryptions, OneTouch 2FA, and many more.
Aside from the high-level security Kraken provides, investors are caught by this platform’s low trading fees. When it comes to using the platform, Kraken is also very beginner-friendly as the platform contains educational content and guides that can help investors understand the different cryptocurrency trading strategies.
Robinhood is the perfect trading platform for investors and traders who are always on the go – travelling to different places while still very much wanting to be updated with the latest Cryptocurrency trends. This exchange has one of the best mobile applications that can do the job for you while you’re out there exploring different places since it has features that are useful in trading wherever and whenever you want.
However, Robinhood only offers limited Cryptocurrencies to choose from, making this exchange not an ideal option for investors who want to diversify their investments. On the bright side, even though this platform only offers limited Cryptocurrencies – seven Cryptocurrencies – to be exact, they make up for it by making sure the available Cryptocurrencies possess the features that any investor needs to have a successful trading career, such as providing secure cold storage and a user-friendly interface.
Bisq is well-known and is preferred by many investors for its decentralisation, making it one of the best platforms. This exchange utilises a decentralised system that allows any investors to use the exchange and can be downloaded by several people – not to mention it comes with an open-source exchange.
Bisq follows a decentralised system, which means that for all Cryptos you earn, you have sole possession of it. You don’t have to worry about other investors taking control or accessing your account, as all your transactions will remain anonymous.
When planning to start a trading career, choosing the best Cryptocurrency trading platform should be the first step, which means it’s the most important part. With the high number of Cryptocurrency trading exchanges in the market, Coinbase, Immediate Edge, Kraken, and Binance should be the top four Crypto exchanges on your list.
When it comes to choosing an exchange, features such as security, convenience, mobile apps, and user-friendliness should be the first things that you should consider. These factors are essential and can help determine the success of your Cryptocurrency trading career.