As cryptocurrency continues to gain in popularity, more and more people are turning towards trading bots to help them make their investment decision easier. Exchanges are essential in the crypto world for facilitating the buying, selling and trading of cryptocurrencies. How can you choose from the many crypto exchanges available? In this blog, we will review the top crypto-exchanges for both new and experienced investors.
Coinbase
Coinbase is the largest cryptocurrency exchange in the world with over 56 million users from more than 100 countries. The exchange gives traders the option to buy, sell and exchange a wide range of cryptocurrencies, such as Bitcoin, Ethereum, Litecoin and more. Coinbase’s user-friendly mobile app and intuitive interface make it a great option for new traders. Coinbase Pro is free to use, unlike other exchanges, which charge a fee for each trade.
Binance
Binance has over 13.5 Million users, making it one of the world’s largest crypto exchanges. The exchange offers traders over 100 cryptocurrencies to trade, including Bitcoins, Ethereums, and Litecoins. Binance is an excellent choice for experienced traders because of its advanced trading tools. These include margin trading and futures. New traders may find it confusing and overwhelming.
Kraken
Kraken is an established cryptocurrency exchange that was founded in 2011. The exchange allows its users to trade and buy more than 50 cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Kraken is perfect for experienced traders thanks to its advanced tools such as margin trading and trading in futures. The exchange offers a variety of customizable order types that make it a favorite for traders who want more control over their trades.
eToro
eToro, a social trading platform, allows users to copy trades made by other traders. The platform allows clients to trade a variety of cryptocurrencies including Bitcoin, Ethereum, Litecoin, and others. eToro offers a great option for traders who want to learn from experienced traders. The platform offers an array of educational tools such as webinars, guides to trading, and a free demo account.
Bitfinex
Bitfinex, a popular cryptocurrency trading platform, allows users to trade over 40 different cryptocurrencies including Bitcoin, Ethereum and Litecoin. Bitfinex is an excellent choice for experienced traders because of its advanced trading tools such as margin trading and futures. The exchange allows users to create custom trading orders. This gives traders more control over their trades.
There is no perfect crypto exchange. The best crypto exchange for you depends on your trading history, trading goals, as well as the cryptocurrencies that you wish to trade. It is crucial to thoroughly research and select the exchange that best meets your needs. The exchanges listed above offer excellent options for both new and experienced traders.