Investing or trading in Bitcoin or other cryptocurrencies can be intimidating at first. There is frequent news about scams and people losing money. While this is true, and many scams have happened and continue to happen, it has never been so simple to invest in and safely trade in cryptocurrency as it is today. The foremost concern when trading and purchasing Bitcoin, or other cryptocurrencies, is safety and security. Whether you intend to purchase and hold long term, want to trade frequently, are interested in anonymity or privacy, or simply want ease of use, the following exchanges are the best for any use case you may have. There are a number of ways to go about investing in Bitcoin or other cryptocurrencies. The best exchanges for certain types of traders as well as the best exchanges within each type of exchange.
Coinbase:
The most widely known and used cryptocurrency exchange in the United States is Coinbase. Coinbase was founded in 2012, not long after the release of Bitcoin’s code in 2009, and is a fully regulated and licensed cryptocurrency exchange. Coinbase currently has licenses to operate in 42 U.S. states as well as Washington D.C. and Puerto Rico. While the cryptocurrency industry has been fraught with fraudulent coins and shady exchanges, Coinbase has largely avoided any controversy. Coinbase offers an extremely easy-to-use exchange, greatly lowering the barrier to entry for cryptocurrency investment, which is typically seen as confusing and convoluted.
Cash App:
Cash App is a peer-to-peer money transfer system much like Venmo. This type of service allows users to split food, pay rent to a roommate, or even shop online at a retailer that supports Cash App. Cash App can essentially act as a bank account and users can have their own Cash App debit cards. This service is very convenient by itself, but Cash App has even more features. Cash App also allows its users to invest in stocks, ETFs, and cryptocurrency in a similar fashion that Robinhood does. The mobile-first interface that this exchange uses is very easy to figure out and use, making it ideal for a first-time investor. While it offers a payment system like Venmo and an investment platform like Robinhood, Cash App differs in that it allows the user to withdraw cryptocurrency investments to your own wallet. This is the main reason that we chose Cash App over Robinhood as the best option for beginners looking to buy Bitcoin.
Binance:
The Binance exchange is an exchange founded in 2017 with a strong focus on altcoin trading. Binance offers over 100 different trading pairs between different cryptocurrencies. It offers plenty of fiat-crypto pairs as well. As of April 2021, Binance dominates the global exchange space, making up a significant portion of crypto trading volume daily. The exchange only allows for U.S. Dollar deposits by global users via SWIFT, but it does allow you to directly purchase a select number of cryptocurrencies with a credit or debit card. Deposits using 19 other fiat currencies are allowed, including the Euro. Binance is suited to people who would like to trade or invest in lesser-known altcoins. Binance offers more than 50 different cryptocurrencies to trade and is a good option for anyone who wants more advanced charting than most other exchanges. The features, charting abilities, and data that come with your account are truly impressive, especially when you consider their reasonable fees.
LATOKEN:
LATOKEN intends to simplify the usage of crypto exchange and facilitate the trade in a comprehensive way. A safe and multi-factor authentication platform is what LATOKEN vouches for. The dynamic world of cryptocurrency has been witnessing a major growth prospect in recent times, riding on the new developments taking place in the crypto market across the globe. Crypto exchanges are playing a vital role in this regard, enabling buying and selling of different variants of crypto without any hurdles. These applications or platforms are available in huge numbers and come with amazing conceptualization.
One such platform is LATOKEN, a crypto exchange that allows the users to buy and sell digital currency, besides storing the same in the digital wallet. The disruptive exchange enables instant transactions with cryptocurrencies throughout 24 hours. A user is able to manage the cryptocurrency portfolio on the go with utmost transparency and ease. In the world of advanced technology and confusing interfaces, LATOKEN believes in making crypto exchange a cakewalk even for the layman. The thought behind LATOKEN is simple, but revolutionary. It intends to simplify the usage of crypto exchange and facilitate the trade in a comprehensive manner. A safe and multi-factor authentication platform is what LATOKEN vouches for. Crypto exchanges are very important for the growth of cryptocurrency, since these platforms let users trade digital currencies for other assets. Similarly, LATOKEN enables the traders to analyze and track their trading balances, besides obtaining data pertaining to the estimated value in terms of popular currencies. Apart from crypto trading, a user can explore all the advanced features on the LATOKEN platform in a holistic way.