Saturday, May 15, 2021

Know the 3 Most Approved Platforms for Cryptocurrency Trading

When you have finally made up your mind to be involved with the market and pay particular attention on cryptocurrency trading, the first thing that you should do is look for a partner who is reliable enough in terms of the realization of your dream. But before you start daydreaming about your profits, we would like to remind you that the partner which we are talking about in this article refers to the group of people who can help you via trading platforms. That is right, your chosen trading platform should not only be considered as an avenue for trading but you have to treat it as your partner because it has to be able to provide all your needed information to create a specific and effective trading plan. So we no longer need to keep prolonging your agony since we are aware that you are already excited to know which platforms made it to the list of the most approved trading avenues for this year.

 

1.Coinbase

 

Three years after the establishment of  bitcoin in 2009,Brian Armstrong and Fred Ehrsam decided to start this trading platform in San Francisco California. Since then, this cryptocurrency exchange slowly gained their traders approval by making it a point that their company never gets involved with various cryptocurrency scams and issues such as shortage of fake coins and hacking. As for their application, long term users can attest that it became one of the well loved cryptocurrency trading platforms due to the easy-to-use interface and unique feature which allows the trader to purchase cryptocurrencies via traditional currency. What makes it even more enticing to use is its option to provide insured custodial wallets for investors who wish to have a more secured account.

 

2. Prime XBT

 

The best catch for choosing this platform is the wide array of accessible trading pairs and low transaction cost. When Prime XBT was launched in 2018, it was able to prove its worth by having 150 clients coming from all parts of the world at the moment. Their vision is to  make sure that the company provides its users with the essential tools that are needed  in their usual trading activities, including buying bitcoin and utilizing margin trading. Moreover, their application also guarantees 100% anonymity and no significant personal details for security purposes. So if you are someone who is into margin trading and portfolio diversification, this platform might be a good choice for you.

 

3.  Binance

 

For traders who are looking for a platform with a wide range of cryptocurrency options, Binance is the most suggested trading partner for you. This China based trading platform takes pride of their crown as the most chosen platform for crypto altcoins.  As of the moment, this company can offer you as much as a hundred crypto pairs that are open for trading. And if you are using their own crypto, you are entitled to avail of the half price rate for BNB.

 

Conclusion:

 

It is really easy to look for a list of trading platforms but what makes it hard is to choose which among them should be trusted. It is true that advertisements highlight their wonderful features but aside from the ones that we have stated in our list, it is also best to look into various factors such as available assets, fees, user interface, features, and customer reviews before signing up for the platform.