Peter Smith
Cryptocurrencies may be bought and sold via special marketplaces called exchanges. There are currently numerous exchanges and such a great choice is both an advantage and a disadvantage at the same time. You can choose from a variety of platforms, which is great. However, this variety makes it very difficult to make the right choice.
Cryptocurrency exchanges offer various services including trading platforms, hot wallets, inter blockchain swaps, market research, educational materials, and others. When choosing an appropriate company, you need to pay attention to a variety of services as well as to the reputation of the exchange. In this article, we have reviewed the most interesting exchanges with the best reputation among cryptocurrency traders.
Coinbase
You can hardly find a cryptocurrency trader from the US or other countries who has never heard about Coinbase. This is one of the most trustworthy cryptocurrency marketplaces where you can exchange tokens or store them in the built-in wallet.
Coinbase offers a very useful trading platform with a variety of functions. You can buy cryptocurrencies using market or limited orders. With this trading terminal, you can easily create your own cryptocurrency portfolio. Moreover, this platform is available for iOS and Android mobile devices allowing you to trade from any place on the Earth.
Coinbase Pro is a professional trading platform that provides you with some powerful market research tools. Here you can use a candlestick chart, various indicators, and graphic tools. Apart from trading opportunities, you can benefit from other important features. Coinbase offers its own USD Coin, a token backed by the US Dollar.
The cryptocurrency exchange offers a wide range of features including custody service, various types of token storage, and an opportunity to earn new cryptocurrencies by learning about those new projects.
Kraken
Kraken is another famous cryptocurrency exchange, which was founded in 2011. Here you can find all types of services including the most up-to-date cryptocurrency platform and account management of very high quality.
Kraken is a great trading platform that allows you to both make market decisions and analyze quotes. Apart from direct cryptocurrency trading, you can use indices and futures as additional financial tools. There is a mobile version for the crypto platform and a special crypto watch feature that lets you manage your portfolio.
Kraken offers margin trading opportunities allowing you to borrow tokens or fiat money to open positions. This feature is also known as leverage trading. You can borrow some to increase your trading capacity. However, you need to keep in mind that there is an interest rate that you will have to pay along with your debt.
Apart from all the listed services Kraken offers a wide range of learning materials including a blog and a podcast. There are also some complete guides on how to buy the most popular cryptocurrencies including Bitcoin, Ethereum and Ripple.
Bitstamp
Bitstamp is an international team of crypto businessmen. This exchange provides you with various crypto trading opportunities offering the most liquid tokens. Bitstamp has developed its own trading platform that you will access once you get a membership.
What are the main features of this trading terminal? It allows traders to open various types of positions including market and limited orders. There are also plenty of technical analytics tools offering you great opportunities in finding the best entry points. Apart from the desktop trading terminal, you can download a mobile version of the platform.
The minimum order size is $25, which is a rather big amount. This exchange is suitable for professional market participants rather than for newcomers. However, if you are confident in what you do, you can choose Bitstamp as your trading platform.
Binance
This is an enormous cryptocurrency exchange with a wide range of features. Here you can not only buy and sell cryptocurrencies, but also buy tokens on their special launchpad platform. Binance offers both market and OTC trading opportunities allowing you to buy cryptocurrencies at the best price.
Binance is an up-to-date platform with various features. It is suitable for both novice and professional traders. You can buy a market or limited orders there. Additionally, you can reduce your service fees by using special BNB tokens. If you are trading with a mobile device, you can use a special mobile app.
Apart from trading opportunities, Binance is famous for its educational features. There is an Academy where you can learn more about trading and Binance platform features. There are plenty of materials dedicated to Blockchain, which are focused on this technology.
Gemini
This cryptocurrency exchange was created by the Winklevoss twins. They are famous for their lawsuits against Mark Zuckerberg. Their exchange is not the best one out there, but it is reliable and has experienced almost no technical issues, which is very important.
What can you find there? First of all, there is an updated trading platform with all modern features including trading and analytical opportunities. The platform is available for desktop computers and laptops as well as for mobile devices.
Gemini offers its own wallet where you can store your tokens. The cold storage is a great way to keep cryptocurrencies safe. However, you need to think twice before placing tokens there as this is a remote storage!
This exchange has its own stable coin called the Gemini dollar. There is also a payment system called Gemini Pay. To learn more about trading and Gemini features you can visit a special blog full of articles talking about the most important trading aspects.
Peter Smith
