Top 5 Cryptocurrency Exchanges
If you’re ready to start your cryptocurrency journey, you’ll need to sign up with an exchange. Choosing the right cryptocurrency exchange will greatly simplify the process of buying and selling Bitcoin and other cryptocurrencies, while also minimizing the risk of getting burned when starting out with cryptocurrency trading. Thankfully, there are many great options to choose, including those we’ll cover in this guide to the top 5 cryptocurrency exchanges.
Guide to the Top 5 Cryptocurrency Exchanges
So with that in mind, here is our pick of the best cryptocurrency exchanges, complete with their advantages and disadvantages.
Coinbase is probably the first name you’ll come across when searching for the best cryptocurrency exchange. Thanks to an easy and straightforward approach to buying and selling digital currency, Coinbase quickly became the most well-known, and perhaps most trusted, cryptocurrency exchange. Support for fiat currencies gives almost everyone the ability to buy Bitcoin and other cryptocurrencies with their credit or debit cards.
The ability to manage your portfolio from one place, set up automated recurring buys for investing in cryptocurrency slowly, and enhanced account security, make Coinbase easy to recommend. This especially applies to those who’re new to Bitcoin trading platforms and buying other cryptocurrencies. The Coinbase mobile app is pretty good too!
Binance boasts low transaction fees that make it an attractive option to those on a budget, or anyone looking to maximize their cryptocurrency trading gains. After a surge in popularity — of Bitcoin and cryptocurrencies in general – Binance has been limiting new user registrations from time to time. However, it’s definitely worth trying to sign up and see what the current status is.
One clear disadvantage of Binance, especially compared to Coinbase, is the lack of support for fiat currencies. Therefore, you’ll already need some form of digital currency to start your cryptocurrency trading adventure with Binance. Not a big deal; but something for beginners to keep in mind.
The user-friendly mobile apps for both Android and iOS make this one of the best Bitcoin exchanges for cryptocurrency trading on the go.