Cryptocurrencies and altcoins are the trending talks when it comes to investment. Many people can make a decent passive income. But there are very few platforms that make the trading easy and hassle-free. Also, few platforms deal only with a limited range of coins and don’t offer beginners an affordable option. To provide a solution to this, read on to know more about the best top 6 trading platforms for cryptocurrency.
A cryptocurrency and altcoin trading platform should offer the following to their users:
- A user-friendly GUI that provides a walkthrough for their new users.
- Prompt notifications as trading can bring profit and loss in a fraction of time.
- Holds trading in all the coins and currencies.
- A chart showing the trends and patterns of the coins over a particular period of time.
- Hassle-free deposits and withdrawals with minimum transaction cost on every trade.
- Secure storage and transfer of the coins that can not be manipulated or accessed by any malicious hackers.
Top 6 Trading Platforms for Cryptocurrencies
With all this, let us know more about the platforms and how anyone can make the best income. Our comprehensive comparison can help to choose the best one for yourself.
1) Binance.com
Binance holds one of the largest cryptocurrencies and provides real-time crypto prices in an instant. They also have various plans regarding investment, trade options, and new derivative methods. Binance provides their wallet for secure coin storage and can get educated in the same domain.
The Binance software and application are compatible across most of the operating systems and environments.
Software Download: Compatible across MacOS, Windows, and Linux.
Size: 84 MB for Windows, 120 MB for MacOS, 73 MB for Linux.
Application Download: Compatible across Android and iOS.
Size: 450 MB for iOS, and 50 MB for Android.
2) Coinbase.com
Coinbase has one of the highest user bases, with over 43 million verified users across more than 100 countries. All of the user’s portfolios are protected with insurance policies. The Coinbase offers secure coins storage as they are compliant with standard industry procedures required to run a trading platform.
Coinbase also offers learning opportunities for the beginners seeking knowledge resources through their blog sections. They use their digital wallet to store all the decentralized currencies in one place- securely.
Application Download: Compatible across Android and iOS.
Size: 66.9 MB for iOS, varies with every device for Android.
3) Kraken.com
Kraken is by far the most user-friendly website with an attractive GUI that is suitable for everyone- right from experts to beginners. It also stands as the most trustworthy platform and has developed enormous resources as a knowledge base. It has a directive method of showing each coin’s progress over the day and their fluctuating prices right at one glance.
Kraken has been very transparent about its fees, fundings, margins, and liquidity. One can also access information about the future predictive analysis and purchase options provided by Kraken. It can give instant withdrawals and multi-factor authentications for secure transactions. This indeed has to be one of the best top 6 trading platforms for cryptocurrency.
Application Download: Compatible across Android and iOS.
Size: 33.9 MB for iOS, 45 MB for Android.
4) Crypto.com
Crypto.com makes most of your investment, earning, loans, and shopping experience easy and user-friendly. The DeFi wallet provided by Crypto.com also securely stores all your coins and personal information. Besides, with Crypto.com, the purchase comes with an offer when used with particular cards.
Crypto.com is preferred due to their outspread of using cryptocoins with ease and a support centre that operates round the clock to solve customer queries. We’d recommend this investment platform for cryptocurrency anytime!
Application Download: Compatible across Android and iOS.
Size: 264.4 MB for iOS, and 86 MB for Android.
5) WazirX.com
WazirX is one of the recent apps and websites to emerge in the cryptocurrency market. However, it offers the world’s first P2P engine for auto-matching and makes the trade among the peer sharing simple, hassle-free, and cheaper. Their GUI also provides everything: orders, trade history, volumes, current prices, and historical charts.
Software Download: Compatible across Windows and MacOS.
Size: 36.8 MB for Windows, and 124 MB for MacOS.
Application Download: Compatible across Android and iOS.
Size: 46.9 MB for iOS, and 6 MB for Android.
6) Margex.com
Margex is a Bitcoin-derivatives trading exchange with a focus on flexibility, security, and top-notch user experience. It all starts with a simple and quick sign-up process, which you can complete without providing your personal data. At the depositing stage, you can deposit ETH, BTC, DAI, USDT, USDC, Link, USDP, and wBTC with a credit and debit card. You can trade them all at the same time with up to 100% leverage without really owning the assets. All the fees are displayed when you are making a deposit or opening an order. The platform applies no commission.
Margex allows you to go short and long in a single interface to profit from market ups and downs. All the data is transparent and can be easily found, meaning you are the one in control.
Margex boasts enhanced security and risk management. A proprietary system protects you from price manipulations and ensures fair trading for everyone. Moreover, all the assets are stored in cold wallets to minimize cyber security risks.
Conclusion
As we conclude on the best top 6 trading platforms for cryptocurrency, these have been the known, and open platforms to date. The best part is that due to these platforms’ mobile application and website presence, it is easier to track the progress on the go or at work. Besides, these websites offer reasonable security solutions and are continually working to make the platforms more secure than before.
To suggest some, Binance, Kraken, and Coinbase have been there since the immediate start of cryptocurrency and are well known. Thus, we’d recommend using them on the top. Comparatively, WazirX is a new platform and might take time to blend into the daily lives of the people who trade regularly.
I hope this article helps you to choose your best trading platform for cryptocurrency.
Author Bio: This article has been written by Rishika Desai, B.Tech Computer Engineering graduate with 9.57 CGPA from Vishwakarma Institute of Information Technology (VIIT), Pune. Currently works as Threat Intelligence Researcher in CloudSEK. She is a good dancer, poet and a writer. Animal love engulfs her heart and content writing comprises her present. You can follow Rishika on Twitter at @ich_rish99.