Cryptocurrencies like Bitcoin and Ethereum have gained immense popularity among investors in the recent years and as the result, the crypto exchanges are highly demanded. If you are new in the cryptocurrency globe and you are finding the trustworthy and best exchanges to perform the trading in Bitcoin and Ethereum, so you are in the right place. Today, in this article we'll explore the best reputable exchanges through which you can trade cryptocurrency without any fear of fraudulent activity. Whether you are an experienced trader or a newcomer to the world of cryptocurrency, this given article is gonna be more productive and informative to all of your peep. So without taking more time let's get started!
Cryptocurrency Exchange to Buy Bitcoin and Ether
Bitcoin (BTC) and Ether (ETH) both are popular digital currencies and can be traded on various reputable exchanges. Some of them we will discuss in today’s article but before going into the exchange you must have a better understanding of crypto exchanges. So, the crypto exchanges are the platform that provides the liquidity pool for the various currencies, where traders or investors can buy or sell digital assets in exchange for some other digital assets. Crypto exchanges are further divided into two main categories decentralized exchanges (DEX) and centralized exchanges (CEX). Cryptocurrency exchanges are a key part of the ecosystem for cryptocurrencies because they let users swap digital currencies and participate in the expanding decentralized finance sector. There are so many platforms such as; Binance Coinbase, Kraken, Bitfinex, Huobi, Bitstamp, Poloniex, Gemini, OKEx, KuCoin, BitMEX, BitFlyer, Upbit, Coincheck, and other platforms are the most frequently used ones. But we will only discuss the most popular platform such as Coinbase, Binance, and Kraken.
Coinbase (Source)
One of the well-known cryptocurrency platforms is Coinbase, which is overseen by CBol. It allows crypto staking and supports (BCH, BTC, ETH, LTC, XRP, IOTA, NEO, EOS, FIL, WBTC, SHIB, and BNB) and is available for both Android and IOS. Various payment options are made possible by Coinbase, including Wire Transfer, Visa, Western Union, and Silvergate Bank Transfer. With 13.3 million active users, Coinbase has a $0 minimal deposit requirement. It does not offer privacy and comes with a built-in wallet. It is safe and simple to use, but it does have a withdrawal fee of up to 3%. It is also not accessible in all countries.
Binance (Source)
Established in Hong Kong in 2017, the leading cryptocurrency exchange Binance is one of the most well-known places to trade in cryptocurrencies and the vast bulk of popular cryptocurrencies is supported. It also provides a wallet so that the user can keep their cryptocurrency for a long time. In this case, investors can benefit by way of interest. It has the lowest processing fees. Additionally, it offers discounts to customers who pay with local BNB cryptocurrency tokens and has a high degree of liquidity.
To use Binance you must first create an account on Binance before you can begin trading on this platform if you want to start investing in cryptocurrencies there. It is available for download from the app shop for mobile devices, desktop computers, and web browsers.
Kraken (Source)
Kraken is a cryptocurrency exchange founded in 2011 and its head office is in San Francisco, California. It is also known for its high liquidity as well as being one of the oldest and largest crypto exchanges in the globe. It offers top trending cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and others. Kraken is one of the most secure crypto exchanges that use the following security measures to ensure security such as 2FA, PGP/GPG encryption, and cold storage. It also offers margin trading, futures trading, and many other advanced features. Furthermore, it is regulated by various authorities such as Financial Crime Enforcement Network in the US and the Financial Conduct Authority in the UK.
Conclusion
Bitcoin (BTC), and Ethereum (ETH) both are digital currencies and to sell and buy them we need a platform called a crypto exchange through which we can trade any specific cryptocurrency. Although there are so many crypto exchanges including centralized and decentralized (CEX, DEX) in the marketplace. But investors always go for the best one, so the best crypto exchanges include Binance, Kraken, and Coinbase. All these given exchanges are secure and efficient, and provide high liquidity of all the latest cryptocurrencies. So here all the investors can trade, buy or sell cryptocurrency without any kind of fear.
