Where to Invest in Crypto: 10 Best Cryptocurrency Exchanges and Platforms

Cryptocurrency has become a popular investment option for many people, and there are a variety of ways to invest in it. The most common way is to buy coins on cryptocurrency exchanges, but there are also other options such as crypto savings accounts and trading platforms. In this article, we will answer all your questions about investing in crypto and list 10 of the best cryptocurrency exchanges and platforms that allow you to buy Bitcoin and other tokens. If you just want to get a high return on crypto, you can consider a crypto savings account.

These accounts pay up to 12%, but carry risks (just like normal crypto investment). Check out the best cryptocurrency savings accounts here. Here is our list of the top 10 cryptocurrency exchanges and investment or trading platforms. The cryptocurrency offerings featured on this site are from companies from which The College Investor receives compensation.

This compensation may affect how and where products appear on this site (including, for example, the order in which they appear). The College Investor does not include all cryptocurrency exchanges or all cryptocurrency offerings available on the market.

Coinbase

is 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.

Read our full Coinbase review here.

Voyager

is 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. Read our full review of Voyager here.

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. Check out our full BlockFi review here.

Uphold

offers 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. Read our full review of Uphold here.

Kraken

is 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.

Read our full review of Kraken here.

eToro

has 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. Read our full review of eToro here. 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.

Read our full Bitcoin IRA review here.

Hodlnaut

is an alternative to cryptocurrency trading. 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. The main difference with BTC is step three; you buy BTC or another cryptocurrency instead of stocks. 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. For example, if you enter 500 USD, the website will populate the BTC side with 0.0357 (or the current BTC exchange rate). If BTC goes up 1000 by the time your transaction is completed three days later, you'll miss the increase. 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.

These are some of the most common questions we get when it comes to our choices for the best cryptocurrency exchanges. There are some main features that we consider, including the number of tokens and coins available, the price or commission charged, ease of use, platform security, customer service, and features (such as cryptocurrency savings accounts). What is the difference between a cryptocurrency exchange and a crypto wallet? A wallet is designed for the secure storage of your cryptocurrency. An exchange is designed to allow you to easily and quickly buy and sell cryptocurrencies. A wallet will keep your private keys secure, while when you use an exchange, you provide the exchange with your private keys. The exchange then acts as its custodian.