Crypto trading platforms are exchange platforms that allow the exchange of one digital currency for another. It could also be the exchange of a digital currency for fiat currency. In recent years, the cryptocurrency market has seen the emergence of new trading platforms. A cryptocurrency exchange is a platform where you can buy and sell cryptocurrencies.
You can use exchanges to exchange one cryptocurrency for another, such as converting Bitcoin to Litecoin, or to buy crypto using regular currency, such as the US dollar. Exchanges reflect current market prices of cryptocurrencies they offer. You can also convert cryptocurrencies back to the US dollar or other currency on an exchange, to leave it in cash in your account (if you want to trade cryptocurrencies again later) or withdraw to your regular bank account. If you're looking for a high return on crypto investments, you can consider a crypto savings account.
These accounts pay up to 12%, but carry risks (just like normal crypto investment). In this article, we will answer all these questions and list 10 of the best cryptocurrency exchanges and platforms that allow you to buy Bitcoin and other tokens.
Coinbaseis by far the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can currently buy Bitcoin, Ethereum and Litecoin and more than 30 coins and tokens on the platform.
In addition, you can earn interest on your USDT and you can earn token rewards by completing various activities.
Voyageris a popular platform for investing in cryptocurrencies, as it was one of the first publicly traded exchanges. They are application-driven and offer a commission-free trading structure. Voyager Supports Most Major Cryptocurrencies, Has Strong Support and Commitment, and Pays Competitive Interest Rates on Assets.
BlockFi is a cryptocurrency investment platform that allows you to lend and earn interest on your shares. In addition, instead of selling your coins and tokens, you can also borrow against your holdings.
Upholdoffers a simple solution to trade multiple assets, open an account and trade multiple assets without having to go back to cash. If you've traded cryptocurrencies, you'll know that many coins and tokens are only traded on certain pairs, so you'll always return to BTC or ETH.
But at Uphold, you can trade multiple assets directly. In addition, Uphold is one of the few exchanges that allows you to trade XRP, DOGE and more.
Krakenis one of the original cryptocurrency trading platforms and has a good selection of coins and tokens to trade and invest. However, it is a real exchange and not as easy to use as some of the main platforms on this list.
Kraken is one of the few platforms on this list that allows you to trade DOGE and other riskier tokens.
eTorohas been around for a while in the UK and across Europe, but now they allow traders in the United States. They offer a wide variety of digital assets to buy and sell on their platform, and best of all, they have a practice trading account so you can try it out before using real funds. This announcement promotes virtual cryptocurrency investment within the EU (from eToro Europe Ltd.
And eToro UK Ltd.). Investments are subject to market risk, including loss of capital. Bitcoin IRA is a little different from the other platforms here. Unlike most exchanges and wallets, you are basically just exchanging currencies and are subject to paying taxes on your earnings (learn how taxes on your cryptocurrencies work here).
That said, the Bitcoin IRA combines the best of being a cryptocurrency wallet and an exchange, with being also an IRA. This means that your earnings within the account are tax-free or tax-deferred. Right now, you can have access to more than 90 tokens and coins worldwide, and 50 tokens and coins if you're in the United States. In addition, they offer strong rates on their crypto savings accounts.
Hodlnaut is a savings and loan platform that focuses on Bitcoin and several stablecoins. Right now, you can earn up to 7.46% on your bitcoin and up to 12.73% on your USDC through the savings and loan options on their platform. When trading in BTC, you can exchange it for other cryptocurrencies, which is another method to sell BTC. Or you can exchange from another cryptocurrency to BTC, which is the same as buying BTC.
With Coinbase, open a Coinbase account and link your bank account or credit card. Then transfer funds from your bank account to buy BTC or buy with your credit card. BTC credit card purchases are the most expensive.