Best crypto currency trading platform

Crypto trading software is akin to trading terminals that you may have seen before on financial news when they should images of trading floor at investment banks.

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Best Cryptocurrency Trading Software, Rated and Reviewed for 2020, best crypto currency trading platform.

However, there’s a third option many people don’t consider: cryptocurrency trading software.

Best cryptocurrency trading software, rated and reviewed for 2020

When it comes to trading your favorite digital currencies, there are a lot of ways you can go about getting started. Some people prefer to get down in the trenches, meticulously tracking the prices and volumes of their preferred coin. Others find solace in letting a trading bot do the hard work for them, only checking in to ensure that everything is still running as it should.

However, there’s a third option many people don’t consider: cryptocurrency trading software.

What is cryptocurrency trading software?

If you’re a subscriber to bitcoin market journal, then there’s a good chance that you know a fair amount about bitcoin and other digital assets. However, it is difficult to keep track of what is happening in the 1,000+ digital assets in the market. That is where cryptocurrency trading software can come into play.

This type of software is a way for you to analyze and understand what’s going on in the market. It’s a tool you can use to view patterns and gather data as you trade your preferred assets.

Crypto trading software is akin to trading terminals that you may have seen before on financial news when they should images of trading floor at investment banks.

Best cryptocurrency trading software

There are plenty of options on the market you can choose from. We’ve done the legwork and determine which software is best. As a result, we’ve curated a list for you so you know which cryptocurrency trading software you could use in 2020.

Name	description	exchanges supported	packages	ease of use	channels and support	score
tradesanta	tradesanta is a could-based trading software that allows you to take advantage of the digital asset market and its fluctuates. You can connect tradesanta to a variety of exchanges, which means you don't have to bounce back and forth between platforms when you want to buy, sell, or trade digital assets. The software offers a mobile app as well, which means you can track your data anywhere you go. Lastly, tradesanta offers several packages, ranging from a free option all the way up to $100/month.	Binance, bittrex, bitfinex, hitbtc	free, $15/month, $20/month, $100/month	easy to use	email, telegram, youtube	3.5
cointracking	cointracking is a digital asset software which closesly analyzes your trading behavior and provides reports in real-time on your profits and losses. It will also track the value of your favorite digital assets, project your gains, and help create reports when it comes time to do your taxes. You'll have all the coverage and data you need right at your fingertips when using this comprehensive and robust software.	Binance, biffinex, bithumb, bitmax, bitpanda, bittrex, CEX.IO, changelly, coinbase, coinspot, gemini, hitbtc, huobi, kraken, kucoin, okex, poloniex, and many other	free, $116/year, $247/year	moderate difficulty	livechat, FAQ, email, facebook, twitter, youtube	4.3
3commas	if you're looking for a portfolio balancer and trading bot that will meet the needs of the modern-day trader, then look no further than 3commas. It offers connectivity to plenty of exchanges through a single interface and has the ability to make trading decisions concurrently across them all. With tools like trailing take-profit and trailing stop-loss, you'll be able to find tune your trading. 3commas also allows users to copy the portfolios of other traders who have shown consistent growth.	Bitmex, bittrex, bitfinex, binance, bitstamp, kucoin, poloniex, hitbtc, coinbase, OKEX, huobi, kraken, yobit	free, $22/month, $37/month, $75/month	easy to use	twitter, telegram, facebook, youtube	4.5
coinigy	coinigy aims to make managing your digital asset portolio simple and easy. The software offers automatic portfolio tracking, so you don't have to monitor your accounts throughout the day. They also offer a high-definition chart which you can use for trading. Additionally, you can create one account for all the exchanges you use. That way, you can use any exchange whenever you want, from anywhere in the world. With coinigy, you'll get high-quality tools and an excellent user experience.	Binance, biffinex, bitthumb, bitmex, bitstamp, bittrex, CEX.Io, coinbase, coincheck, gemini, huobi, kraken, kucoin, poloniex, yobit, and many more	free, $18.66/month, $99.99/month	easy to use	twitter, facebook, linkedin, livechat, FAQ, email	4.8
shrimpy	shrimpy is great software for trading digital assets as well. It allows you to automate, diversify, and potentially earn from all your favorite investments. Using shrimpy provides ways to automate your trading strategy with efficient trading bots, rebalance your portfolio based on industry behaviors, and track your preferred altcoins based on market indexing. Users also have the option to replicate porfolios of other traders who have shown portfolio growth.	Binance, bittrex, coinbase, poloniex, kraken, kucoin, gemini, bitstamp, hitbtc, bitfinex, huobi, OKEX	free, $13/month, enterprise	easy to use	email, livechat, facebook, twitter, medium, telegram, linkedin	4.8

Which one is right for you?

The list above offers a few examples of the type of cryptocurrency trading software you can find on the market. While not every one of these options will meet your needs, you’re likely to find one that will get the job done.

Related reading:

If you’re curious about trading digital assets and want to stay in the know, be sure to subscribe to bitcoin market journal . You’ll get all relevant market trends and developments delivered right to your inbox!

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Best cryptocurrency brokers

Luke jacobi

Contributor, benzinga

Want to jump straight to the answer? The best crypto platform for most people is definitely etoro.

Many people believe that cryptocurrencies are the future of finance. When you’re ready to leap into crypto, choosing a broker to trade or invest in cryptocurrencies is one of the most important steps to your success in the crypto market.

Get started now with benzinga’s picks for the best cryptocurrency brokers to choose the right one for you.

Best crypto brokers and trading platforms:

Best for social trading: etoro

Best for ease-of-use: gemini

Best for new investors: coinbase

Best for gold investments: itrustcapital

Best for high volume forex traders: cryptorocket

Best for accessibility: altrady

Best for multiple exchanges: voyager

Best crypto brokers

Since different brokers have different strengths, you need to figure out what kind of broker best suits your cryptocurrency interests. Some brokers provide a social trading platform where you copy other cryptocurrency traders’ trades in your own account. Others can offer the ability to make transactions in a broader selection of altcoins.

Choosing the best crypto broker depends largely on addressing your needs as an investor or trader. The following list crypto brokers been selected for different reasons to meet the needs of differing cryptocurrency trading and investing styles.

Commissions

Account minimum

Etoro fundamentally changed the way many people trade and invest with its social trading platform. Social trading involves mirroring another trader or investor’s transactions in a special social trading account. While you make the same amount proportionally as the trader you’re copying, you also take the same percentage of losses the trader takes in their account.

In addition to its regular crypto trading platform, etoro offers an advanced cryptocurrency exchange platform called etorox. This platform is designed for algorithmic traders and institutional grade investors. It offers traders access to tight-dealing spreads, and its algox application programming interface (API) can be used to create custom automated trading tools.

Commissions

Account minimum

2. Best for ease-of-use: gemini

Stay on top of market trends, build your crypto portfolio and execute your trading strategy with gemini’s easy-to-use tools. The gemini app is available on all the major app stores, and it puts the industry’s best crypto exchange and wallet in your hands.

Gemini’s app is easy to use. You can track asset prices and real-time market prices and set price alerts so you can act fast on price movements for individual assets. You can also schedule recurring buys on bitcoin and other cryptocurrencies.

Invest with peace of mind with gemini’s solid cybersecurity and custody solutions. Create a free account and make your 1st buy in as little as 3 minutes.

Commissions

Account minimum

3. Best for new investors: coinbase

Coinbase is 1 of the largest and oldest cryptocurrency exchanges. It currently services 35 million customers worldwide. Coinbase has extensive educational resources and an intuitive interface ideal for new traders and investors.

The exchange also provides clients with a hosted wallet and offers global customer support. Coinbase is an excellent choice for those new to the cryptocurrency market who do not wish to use social trading services.

Commissions

Account minimum

4. Best for gold investments: itrustcapital

Itrustcapital is 1 of the few cryptocurrency brokers that lets you trade and hold physical gold in your individual retirement account (IRA). You can also trade bitcoin (BTC), ethereum (ETH), litecoin (LTC) and bitcoin cash (BTH) in your IRA. Itrustcapital provides you with a personal wallet by curv for your crypto transactions.

While itrustcapital has no minimum trade or account size, the company charges account holders a flat fee of $29.95 per month. This amount includes all IRA fees, asset custody charges and access to its trading platform, although all cryptocurrency trades carry an additional 1% transaction charge based on the trade size.

If you’re planning for your retirement and want to add physical gold to your cryptocurrency portfolio as an inflation hedge, then itrustcapital is a solid choice.

5. Best for high volume forex traders: cryptorocket

Cryptorocket offers straight through processing (STP) to its trading clients. This means you deal directly with the crypto and forex markets and not through intermediaries or market makers. This broker model is ideal for high volume forex traders who tend to be sensitive to dealing spreads.

In addition to the 35 crypto pairs offered, you can trade 55 fiat currency pairs, 64 major stocks and 11 indices. If you are based in a jurisdiction with relatively lax retail forex trading regulatory oversight, you may even be able to take advantage of cryptorocket’s 500:1 maximum leverage ratio for forex trades.

Cryptorocket also supports the popular 3rd-party metatrader4 trading platform.

6. Best for accessibility: altrady

Altrady is built by crypto traders for crypto traders. It makes cryptocurrency trading accessible for beginner, intermediate and advanced traders.

You can get the tools that professional crypto traders use without the expensive price tag. Altrady’s platform is intuitive and easy-to-use. Its crypto trading software platform adapts to your needs.

It combines 10 connected exchanges. It also offers immediate price alerts, portfolio manager, break-even calculator, and customizable trading pages by allowing traders to manipulate widgets to create preferred layout in order to trade comfortably, limit ladder order, gain quick access to market tabs, and integrated market scanners.

Commissions

Account minimum

7. Best for multiple exchanges: voyager

Voyager connects to more than a dozen of the most trusted and secure crypto exchanges so you have access to the largest crypto trading market available anywhere. Voyager gives you faster, more reliable execution, plus:

Access to multiple exchanges: voyager partnered with over a dozen of the most trusted and secure crypto exchanges and liquidity providers. Voyager’s exchange connectivity offers you competitive prices on your trades and faster, more reliable execution.

Commission-free trading: voyager operates commission free to save you money. You save money on trades through its extensive crypto market and best execution technology. Voyager achieves price improvement on over 90% of customer orders.

Start trading at a better price today! Download the voyager app today.

Crypto advantages vs. Disadvantages

Trading and investing in cryptocurrencies often carry a considerable degree of risk, as you may have observed given the volatility of bitcoin and some other digital currencies. Despite the disadvantages currently associated with cryptos versus fiat currencies (like lower liquidity and minimal payment options), the advantages of holding cryptocurrencies will increase as they become a more common form of payment.

Here’s a quick shot of crypto advantages and disadvantages.

Advantages

Security. Technology advances typically lead to increased intrusion into your privacy. In contrast, all identities and transactions are strictly secured in the digital currency environment. While most cryptocurrency transactions are very secure, you still could be vulnerable to cybercriminal actions, like hacking.

Low transaction fees. Because of the elimination of intermediaries like financial institutions, cryptocurrency transaction fees are generally quite low.

Decentralized. The lack of a central exchange or authority overseeing cryptocurrencies is one of their defining characteristics. Many people consider this among the biggest advantages of cryptocurrencies and blockchain technology.

High potential returns. You only have to look at a long-term bitcoin price chart to get an idea of the returns you can make investing wisely in digital currencies. The crypto world is still developing and expanding, so investing in the right digital currency now could translate into considerable returns in the future.

Disadvantages

Acceptance. Because digital currencies have not yet become mainstream, most businesses will not accept them as payment for goods or services. This situation will eventually change as public perception makes digital currencies more acceptable as forms of payment. For example, paypal has recently allowed customers to hold bitcoin balances and has plans to allow payments using that cryptocurrency by early 2021.

Volatility. The market volatility observed in some digital currencies can lead to large gains or large losses. Trading and investing in crypto is not for everyone, especially those with a low pain threshold or aversion to risk.

Taxes. The internal revenue service (IRS) states on its official website that “virtual currency transactions are taxable by law just like transactions in any other property.” that IRS web page also links to a guide about how existing general tax principles apply to transactions made using digital currencies.

Illegal activities. Due to the fact that digital currency transactions generally provide identity security, many people operating outside the law are thought to use digital currency for illegal activities. These activities could include money laundering, “dark web” transactions, and drug and human trafficking.

Cryptocurrency vocabulary

Like many other financial markets, the cryptocurrency market has evolved its own jargon. Some of the key terms used by market operators are defined below.

Block. A collection of transactions permanently recorded on a digital ledger that occur regularly in every time period on a blockchain.

Blockchain. A constantly growing list of blocks in a peer-to-peer network that records transactions.

Cryptocurrency exchanges. Also called digital currency exchanges, these generally consist of online businesses that allow customers to exchange cryptocurrencies for fiat currencies or other cryptocurrencies.

Cryptocurrency wallet. A secure digital account used to send, receive and store digital currencies. Crypto wallets can either be cold wallets that are used for storing cryptos in an offline environment or hosted wallets that are hosted by 3rd parties. Hosted wallets store your private keys and provide security for your digital currency balances.

Distributed ledger. A network of decentralized nodes or computers that connect to a network where transaction data is stored. Distributed ledgers do not have to involve cryptocurrencies and can be either private or permissioned.

Fork. Also known as a “chain split,” a fork is a split that creates an alternate version of a blockchain that then leaves 2 blockchains running simultaneously. For example, bitcoin and bitcoin cash came about due to a fork in the original bitcoin blockchain. Another type of fork is known as a “project” or “software fork.” this occurs when cryptocurrency developers take the source code of an existing altcoin project and create a new project. For example, litecoin is a project fork of bitcoin.

ICO. An initial coin offering (ICO) occurs when a new digital currency or token is sold, typically at a discount, to its first set of investors. An ICO lets issuing cryptocurrency companies raise funds from the public to support their coin’s development and maintenance.

Mining. A computationally-intensive process performed within a cryptocurrency network where blocks are added to the blockchain by verifying transactions on its distributed ledger. Miners are rewarded with digital coins as compensation for their successful computational efforts.

Are you ready for the future?

Digital currency and the blockchain appear to be the future of finance. Despite their current typical volatility and lack of widespread acceptance as a payment method, cryptocurrencies seem destined to become increasingly used for online payments. They could therefore make an interesting long-term investment, especially if you have a strong appetite for risk.

Where we will be in 20 years is anyone’s guess, but cryptocurrencies and blockchain technology show growing promise as forces to be reckoned with in the financial world. Get started today with 1 of our recommended crypto brokers.

Try gemini

Gemini builds crypto products to help you buy, sell, and store your bitcoin and cryptocurrency. You can buy bitcoin and crypto instantly and access all the tools you need to understand the crypto market and start investing, all through one clear, attractive interface. Gemini crypto platform offers excellent account management options. You can manage your account at a glance, view your account balance 24-hour changes and percent changes. Get started with gemini now.

Best cryptocurrency brokers

Luke jacobi

Contributor, benzinga

Want to jump straight to the answer? The best crypto platform for most people is definitely etoro.

Get started now with benzinga’s picks for the best cryptocurrency brokers to choose the right one for you.

Best crypto brokers and trading platforms:

Best for social trading: etoro

Best for ease-of-use: gemini

Best for new investors: coinbase

Best for gold investments: itrustcapital

Best for high volume forex traders: cryptorocket

Best for accessibility: altrady

Best for multiple exchanges: voyager

Best crypto brokers

Commissions

Account minimum

Commissions

Account minimum

2. Best for ease-of-use: gemini

Invest with peace of mind with gemini’s solid cybersecurity and custody solutions. Create a free account and make your 1st buy in as little as 3 minutes.

Commissions

Account minimum

3. Best for new investors: coinbase

Commissions

Account minimum

4. Best for gold investments: itrustcapital

If you’re planning for your retirement and want to add physical gold to your cryptocurrency portfolio as an inflation hedge, then itrustcapital is a solid choice.

5. Best for high volume forex traders: cryptorocket

Cryptorocket also supports the popular 3rd-party metatrader4 trading platform.

6. Best for accessibility: altrady

Altrady is built by crypto traders for crypto traders. It makes cryptocurrency trading accessible for beginner, intermediate and advanced traders.

Commissions

Account minimum

7. Best for multiple exchanges: voyager

Access to multiple exchanges: voyager partnered with over a dozen of the most trusted and secure crypto exchanges and liquidity providers. Voyager’s exchange connectivity offers you competitive prices on your trades and faster, more reliable execution.

Commission-free trading: voyager operates commission free to save you money. You save money on trades through its extensive crypto market and best execution technology. Voyager achieves price improvement on over 90% of customer orders.

Start trading at a better price today! Download the voyager app today.

Crypto advantages vs. Disadvantages

Here’s a quick shot of crypto advantages and disadvantages.

Advantages

Security. Technology advances typically lead to increased intrusion into your privacy. In contrast, all identities and transactions are strictly secured in the digital currency environment. While most cryptocurrency transactions are very secure, you still could be vulnerable to cybercriminal actions, like hacking.

Low transaction fees. Because of the elimination of intermediaries like financial institutions, cryptocurrency transaction fees are generally quite low.

Decentralized. The lack of a central exchange or authority overseeing cryptocurrencies is one of their defining characteristics. Many people consider this among the biggest advantages of cryptocurrencies and blockchain technology.

High potential returns. You only have to look at a long-term bitcoin price chart to get an idea of the returns you can make investing wisely in digital currencies. The crypto world is still developing and expanding, so investing in the right digital currency now could translate into considerable returns in the future.

Disadvantages

Acceptance. Because digital currencies have not yet become mainstream, most businesses will not accept them as payment for goods or services. This situation will eventually change as public perception makes digital currencies more acceptable as forms of payment. For example, paypal has recently allowed customers to hold bitcoin balances and has plans to allow payments using that cryptocurrency by early 2021.

Volatility. The market volatility observed in some digital currencies can lead to large gains or large losses. Trading and investing in crypto is not for everyone, especially those with a low pain threshold or aversion to risk.

Taxes. The internal revenue service (IRS) states on its official website that “virtual currency transactions are taxable by law just like transactions in any other property.” that IRS web page also links to a guide about how existing general tax principles apply to transactions made using digital currencies.

Illegal activities. Due to the fact that digital currency transactions generally provide identity security, many people operating outside the law are thought to use digital currency for illegal activities. These activities could include money laundering, “dark web” transactions, and drug and human trafficking.

Cryptocurrency vocabulary

Like many other financial markets, the cryptocurrency market has evolved its own jargon. Some of the key terms used by market operators are defined below.

Block. A collection of transactions permanently recorded on a digital ledger that occur regularly in every time period on a blockchain.

Blockchain. A constantly growing list of blocks in a peer-to-peer network that records transactions.

Cryptocurrency exchanges. Also called digital currency exchanges, these generally consist of online businesses that allow customers to exchange cryptocurrencies for fiat currencies or other cryptocurrencies.

Cryptocurrency wallet. A secure digital account used to send, receive and store digital currencies. Crypto wallets can either be cold wallets that are used for storing cryptos in an offline environment or hosted wallets that are hosted by 3rd parties. Hosted wallets store your private keys and provide security for your digital currency balances.

Distributed ledger. A network of decentralized nodes or computers that connect to a network where transaction data is stored. Distributed ledgers do not have to involve cryptocurrencies and can be either private or permissioned.

Fork. Also known as a “chain split,” a fork is a split that creates an alternate version of a blockchain that then leaves 2 blockchains running simultaneously. For example, bitcoin and bitcoin cash came about due to a fork in the original bitcoin blockchain. Another type of fork is known as a “project” or “software fork.” this occurs when cryptocurrency developers take the source code of an existing altcoin project and create a new project. For example, litecoin is a project fork of bitcoin.

ICO. An initial coin offering (ICO) occurs when a new digital currency or token is sold, typically at a discount, to its first set of investors. An ICO lets issuing cryptocurrency companies raise funds from the public to support their coin’s development and maintenance.

Mining. A computationally-intensive process performed within a cryptocurrency network where blocks are added to the blockchain by verifying transactions on its distributed ledger. Miners are rewarded with digital coins as compensation for their successful computational efforts.

Are you ready for the future?

Try gemini

Best cryptocurrency trading platforms for 2021

Cryptocurrency is the future of the financial industry. Proper investing in digital money today will help the trader to become rich tomorrow.

Cryptocurrency trading platforms are services that provide access to digital money trading. Here people can use classical methods to create a trading portfolio and increase capital. First of all, you need to decide which digital assets you will work with. Popular coins such as ETH, ETC, XRP are traded on most exchanges, and young projects no more than two or three or, generally, on one service, and then the choice is already obvious. First of all, pay attention to such aspects:

The price of the cryptocurrency you are interested in on a particular trading platform. Most coins change to bitcoin, less often to ethereum, lightcoin, or other alt. The exchange cost is expressed in dollars, and on different exchanges, it may be slightly different.

The best exchange option. Look at both the price and the filling of trading glasses and the candlestick chart. With good liquidity, the sales schedule will be more or less smooth without huge spikes. However, with little-known cryptocurrencies, this is not often seen.

The fee also matters. You pay for the purchase and sale transaction and for the withdrawal of cryptocurrency from the trading platform.

The minimum threshold for replenishment and withdrawal is also an important criterion for most users.

The vast majority of reputable crypto exchanges strongly recommend that the client confirm their identity. Many sites limit the maximum withdrawal amount for 24 hours for users who have not passed the verification or simply refuse to service and or freeze the withdrawal of funds. If traders wish to work anonymously, carefully study the client agreement.

On some exchanges, people can buy or sell coins only at the current price. Other platforms make it possible to create stop-limit and other types of orders, the price in which the user himself indicates.

Top 5 best cryptocurrency trading platforms

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It offers users a large selection of cryptocurrency pairs, an excellent security system, as well as the speed of transactions. The exchange was established in 2017. Despite its youth, it is extremely popular: trades are held for several billion dollars daily.

Initially, the resource did not work with fiat funds at all. Later, taking into account the numerous wishes of customers, the adjacent binance jersey platform was opened to exchange cryptocurrencies for traditional currency. The daily turnover of the binance crypto exchange is, on average, one billion US dollars, and in the peak of trading, it reached four billion. The platform has:

Convenient multilingual interface;

A large number of trading pairs;

Additional tools for comfortable trading;

The ability to convert digital money on the platform.

Low commissions compared to competitors – only 0.1%.

Ternion

Ternion is a cryptocurrency exchange founded in 2018. Here traders can make transactions with both cryptocurrency and fiat. Low commissions for takers, as well as payments to makers, make it quite attractive in the existing competitive space. Ternion provides the opportunity for exchange and margin trading.

Today ternion offers not only the purchase and sale of cryptocurrencies, but also fiat transactions (EUR and USD), which are regulated by the estonian supervisory authorities. All digital assets or trading on ternion is securely stored in a cold wallet. It ensures the high security of traders cryptocurrency and the absence of an account hack.

The platform is compatible with metatrader5;

Low withdrawal fees;

More than 80 graphic indicators and 21-time ranges;

Exchange and margin trading is conducted in a single pool of liquidity.

Coinbase

Coinbase is located in san francisco and is not only a stock exchange but also a crypto wallet at the same time. It attracts major players and has been repeatedly celebrated by the new-york times and bloomberg. In addition to online support, they recently introduced a telephone hotline for those who need advice on verification, increase limits, or have suspected account hacking.

There is an exchange with three leading coins: bitcoin, ether, and lightcoin. There is a referral system, a mobile version of a purse, deposit insurance. The platform provides a high level of reliability and allows the center to lease accounts to protect against strangers. Each investor can choose the one suitable for making money.

A large number of digital assets;

Convenient trading platform with time intervals;

Tools for technical analysis;

Quick account verification.

Huobi

Huobi group is one of the world’s leading cryptocurrency trading platforms. The history of the company began in 2013. The huobi team provides world-class safe, professional, and reliable services to its customers around the world. Huobi group has offices in singapore (headquarters), USA, japan, korea, hong kong, and is distributed in more than 130 countries around the world.

Huobi global, reporting to the huobi group, is the world’s leading digital asset. Huobi global is dedicated to exploring investment opportunities. The project currently provides a trading and investment service for more than 100 digital assets.

Fiat trading opportunity;

Blockchain and cryptocurrency valuation system;

There is an opportunity to conduct margin trading;

Multi-rank security system.

The bit-Z platform, founded in 2016 in hong kong, is one of the most popular digital asset exchange trading platforms. Bit-Z has subsidiaries in 10 countries and regions, including singapore, japan, and south korea. It has multi-tier security architecture with multiple clusters and secure links at the banking level. The platform has a strategic partnership with knownsec, an international high-risk management team.

A high-speed engine can carry transactions up to 50,000 per second. The bit-Z exchange is quite popular due to the large daily trading volume. She also has a good security system – everything is clear with this aspect: 2fa, email password, SMS password, trade password, anti-phishing password.

A large number of trading assets;

Multi-level account protection system;

Minimum commission of 0.1%

There are a mobile application and OTC.

Is it easy to use crypto trading platforms?

Working with trading platforms is easy. The process register process is familiar and, therefore, will not cause difficulties. Top up a stock account. It is necessary for upcoming finance activities. Typically, crypto-money is introduced without surcharges, unlike fiduciary ones, but not necessarily.

Moreover, everyone has their own interest rate, ranging from 1% to 8%. The chosen input path also plays a role, and therefore the size of the commission can increase due to payment systems that also want their share. Create an order (application) for a transaction with currency. It is the most exciting moment because the bidder determines the price and is waiting for his buyer.

The main thing here is not to miss the price. Otherwise, you may not wait for those interested in the transaction, or it will take a very long time to wait. Still, the wait may be delayed if the cryptocurrency is not very popular. When the purchase/sale took place by mutual consent, the received finance can be left in the exchange purse for further manipulations or withdraw to the main wallet. If in the near future, you are not going to trade again, it is better not to keep savings there.

There are several reasons for this: user accounts are sometimes hacked, the exchange may crash or freeze the account. When choosing a cryptocurrency exchange website, pay attention to its popularity. Since they all earn on commissions, they are interested in attracting new members. And the wider the customer base, the more trust the site evokes because this means that the terms of the contract are strictly observed. Also, with the attraction of large capital, the trading platform has the opportunity to expand its range of crypto and paper notes to compose regular pairs.

The final words

Choosing reliable trading platforms for working with cryptocurrency is not an easy task. Traders need to pay attention to security issues, read a lot of reviews and reviews, and also learn the nuances of verification. Any platform has several disadvantages and advantages. A beginner cryptocurrency trader and investor, but must evaluate all the possibilities of the prospect of digital trading money before registering on any resource.

First of all, a trader should look for a company that has financial regulators and is controlled by international organizations. Overall reviews and platform uptime are also included. Preference should be given to companies that have been operating for at least a few years and have established themselves as reliable platforms.

The trading opportunities of most brokers are almost identical except for some nuances. Beginners should carefully choose those assets that can bring maximum profit in the future. It is necessary to concentrate on user reviews, long-term aspects of existence in a particular company, and possible risks. After a detailed analysis of all these factors, the trader may decide to invest in digital money on a specific platform.

Best cryptocurrency trading platforms 2021

Best cryptocurrency trading platforms 2021. Before you start a crypto investment, you need a crypto trading platform. Crypto trading platforms are simply a place or platform where crypto traders buy, sell, or exchange different cryptocurrencies for profits. If you want to trade cryptos professionally, you need a trading platform that has all the trading tools and would require you to verify your ID before opening an account. On the other hand, if you want to trade on a part-time basis, there are also cryptocurrency trading platforms you can leverage without opening an account. Find best cryptocurrency trading platforms below

Best cryptocurrency trading platforms

Coinbase and coinbase pro

Cash app

Bitbuy

Binance

Bisq

Coinhouse

Localcryptos

Switchere

Kraken

Poloniex

How to choose best cryptocurrency trading platforms

Reputation: one of the best ways to determine a real or genuine crypto trading platform is to research its reputation. You can research a platform’s reputation by perusing other users’ review and comment on the platform. Plus, you can ask questions on crypto forums like bitcointalk, bitcoingarden, altcointalk, cryptocurrency forum and others. There are equally high-quality platforms like reddit, quora, and others to get such information.

Fees: any platform you intend settling for should have their fees displayed on their website. Before creating an account with them, ensure you understand their deposit, withdrawal, and transaction fees. Note that; no two platforms have the same fees!

Payment methods: payment method is another item to check before joining any crypto trading platform. Do they accept paypal, credit/debit cards or wire transfer? You might want to look out for a platform that has limited payment options; remember that buying cryptos using credit/debit card comes with lots of risks and ID verification. Also, buying cryptos with wire transfer method takes time for banks to process your transaction. Put all these into consideration before trading.

Verification requirements: so many trading platforms require users to verify their identity. This is to forestall scams and fraud of all kinds. Ensure you settle for a platform that verifies user ID.

Geographical restrictions: some trading features offered by some cryptocurrency trading platforms are only accessible in certain countries. Therefore, ensure the platform you intend settling for allows full access to their trading features in your country.

How to invest in bitcoin

Investing in BTC is similar to investing in stocks, except far more volatile because of the daily swings in BTC. Here are the steps to invest in stocks from the beginning:

Open a brokerage account at a firm that allows crypto investments

Deposit funds from your bank into the brokerage account.

Buy a stock using deposited funds (cash balance).

Later sell the stock for a gain or loss. Funds are returned to your cash balance.

Best cryptocurrency trading platforms in 2020

The best cryptocurrency trading platform in 2020 is a widely discussed topic, but how do you know which platform to use. This article will guide you and provide tips on what to look out for and what to avoid when searching for the platform of choice in the crypto space. The best cryptocurrency trading platform in 2020 is a clear front runner and a must use platfrom for anyone in the crypto space.

Cryptocurrency exchanges and trading have experienced tremendous growth in 2020. Crypto trading platforms have been receiving more customers in the past few months. The increased trading volumes can significantly be attributed to digitalization that has come with the COVID 19 pandemic.

With people working from their homes, digital currencies are more convenient compared to fiat currency. In february 2020, bitcoin hit an yearly all-time high of $10,429, breaking the $10,000 resistance level. As of this month, its price has managed to stay above the 10000 marks, although analysts have predicted a flash crash.

To invest in cryptocurrencies, one has to be familiar with the basics of the crypto market. Unlike other markets, this specific one is very volatile and susceptible to many challenges. However, one should not shy away from trading cryptocurrencies. A good trading platform is among the several factors that one has to look for when trading cryptocurrencies.

What is cryptocurrency?

It is close to impossible for one to invest in cryptocurrencies without knowing the minor details of these currencies. Unlike regular currencies, they are digital assets that use a peer-to-peer technology known as the blockchain, which records their transactions. The blockchain uses cryptography technology to encrypt the transaction and ownership of the digital currencies. This encryption makes it hard for anyone to tamper with the transactions, commonly referred to as in the crypto world.

There are more than 2000 cryptocurrencies, traded publicly, that one can choose from. These coins have monetary value to them that determine their rank in the market. The top cryptocurrencies as of this year are bitcoin (BTC), ethereum (ETH), XPR (XRP), tether (USDT), bitcoin cash (BCH), and litecoin (LTC) among others. Each coin has its blockchain network where it is mined and stored. The mining process is done by microprocessors in computers and can be quite expensive.

Cryptocurrencies are traded in platforms known as exchanges. These exchanges allow users to either invest or trade in cryptocurrencies. When it comes to trading crypto, exchanging them with fiat currency or other cryptocurrencies can do. The most traded pair is the crypto-fiat pair. Every pair has a specific rate at which it is sold, and this price changes depending on several factors controlling the market. The price action can be determined by factors such as mining cost, government regulations, and bitcoin’s trend. It is also worth noting that different crypto exchanging platforms offer different exchange rates.

Why invest and trade in the cryptocurrency market?

The advantage of the crypto world is that one can make money in various ways. From exchanging, buying, and selling of crypto to offering advice to investors and opening an exchange among others. All these investments are worth it because:

Security is guaranteed

Any investment is risky as it is any other investment, but the blockchain is immune to alteration when it comes to security. The cryptography encryption registers every transaction that a single coin is involved in the blockchain. This encryption involves advanced coding that is used in the block and digital wallet. An added security feature is that the transactions are time-stamped:

Also, these wallets can only be opened using keys that cannot be accessed by unauthorized people apart from the owner. The named features eliminate threats that are associated with fiat currency: theft, fraud, among others.

Easy accessibility

Cryptocurrencies are free from any form of centralization, which is associated with fiat currency. One does not have to go through brokers or financial institutions to access your money. The only thing you will need is to register with an exchange platform, get a digital wallet and transact. Mobile wallets are examples of software wallets that can access your digital currency anytime and anywhere.

There are different types of digital wallets, that is, hardware wallets and software wallets. The main difference between these two is that hardware wallets store the keys and crypto in hard drives while software in computer software.

Good returns

For a while, skeptics have always termed cryptocurrency as a risky investment due to the volatile nature of its market. I would say that the volatility is the more reason to invest. For instance, one can buy bitcoin when its price is low and, in less than a week, sell it when its price has sky-scraped. It just needs the right timing and investment advice. One has to look for a good exchange platform that offers this advice.

Best cryptocurrency trading platform in 2020 – pros and cons of cryptocurrency trading platforms

Cryptocurrency trading platforms, also known as exchanges, allow one to exchange or invest in cryptocurrencies. One has to open an account with one of these platforms first before dealing with cryptocurrencies. These platforms offer many services that make cryptocurrency trading easy and beneficial.

A lot has been said about cryptocurrency exchanges being a treat to the traditional financial institution. Apart from being digitalized, they are entirely decentralized. This quality does away with brokers and banks than in a way, have a say when it comes to their client’s money. Below are some of the advantages and disadvantages of exchange platforms.

ADVANTAGES OF TRADING PLATFORMS

Monopoly over your money

The decentralization nature that comes with exchanges makes the owner have a monopoly over their digital assets. The blockchain allows peer-to-peer transactions between cryptocurrency owners in the network.

Trade beyond boarders

Moving cryptocurrencies from one person to another is not constrained by jurisdiction at all. As long as trading platforms have an office in the area, transactions can happen anywhere. Using fiat currencies and traditional banks, one had to travel to the buildings and rely on someone to transact.

Low transaction fees

The trading fee used to move cryptocurrencies from one user to another is way cheaper than the charges inflicted using fiat currency: transferring funds, fees for writing checks, and credit card fees. Trading platforms being online will only charge on when a transaction is done.

Cryptocurrency transaction is secured by advanced encryption known as cryptography. The technology records every transaction made through the trading platform. Also, the transactions have to be verified by several users in the network. Such security gives users a total monopoly such that the trading platforms cannot interfere with the transactions.

DISADVANTAGES OF TRADING PLATFORMS

Fake platforms

There can be fake platforms that can be formed to steal from people. The most popular form of fraud is the ponzi scheme, also known as pyramid schemes. In these schemes, the platform lures investors to invest with promises of tremendous profit over a short period. They later flee with all the investor’s money.

Users don’t have exclusive privacy

The platform has most, if not all, the personal details of their users from one’s email, IP address, and details about your transactions. Also, exchanges that offer online wallets may have access to your assets.

Cyber crimes

With exchanges being online, they are not entirely immune to cybercrimes such as data breach. As much as the blockchain is immutable doesn’t guarantee that trading platforms are too. There have been several cases of hacking where hackers steal user’s data. Just last year, a significant trading platform was hacked and their customer’s data taken, after which the hackers demanded 300BTC threatening to release the data.

Involvement in the dark market

Freedom from being regulated by authorities has made cryptocurrency trading to be used to carry out illegal activities on the dark web. Before cryptocurrencies were adopted in the mainstream, they were mostly used in the dark market, and they still are. Bitcoin and other altcoins are used to facilitate drug trafficking, human trafficking, and terrorism. This challenge is significantly countering government attempts to curb these activities.

What is the best cryptocurrency trading platform?

Before venturing into cryptocurrency investment, one has to first look for a good exchange platform. There are several qualities that any exchange platform ought to have to be categorized among the best.

The first stage of the short listing is done to identify fake exchanges. With the increasing popularity of cryptocurrencies, more exchanges are coming up. Some of these platforms are not legit: they are out to scam investors. One needs to do a thorough background check on these exchanges before investing in them. There are several things to look out for on these platforms.

Check the platform’s website’s URL. Fake platforms usually have noticeable spelling mistakes and errors on their URL.

Reputation. It is easy to recognize a fake trading platform by looking at what other people are saying concerning it.

Check whether it is a verified platform. Does it have ‘real’ people working for them?

Look out for pyramid schemes. Most fake platforms are known to pull off these schemes just to steal from investors.

After you have eliminated fake platforms, you can go ahead and look for the following qualities that a platform should have to be termed as the ‘best.’

It should be trustworthy

Any investor will first look for a platform that they can trust with their valuables. As much as trading platforms are secure, it is not a guarantee that they can be trusted. A trustworthy platform allows investors to trade with them and doesn’t interfere with their trade. Such platforms will have reasonable trading fees that don’t bring loss to the investor.

You can also know their trustworthiness by how they interact with the community and whether they are free to share important information about the company’s details, such as their policies, among others.

It should have reliable customer service

A platform that has a user-friendly interface is crucial for easing transactions for users, especially for beginners. You can gauge their reliability by responding to user queries and their speed in offering these services. Reviews by their customers will also say much about their services.

Diversified payment methods

A good exchange platform has several payment methods ranging from fiat currency, credit cards, debit cards, and other cryptocurrencies. Others might also have automated teller machines (ATM) from which you can move your cryptocurrencies with ease.

It should be secure

Security should be at the top of your list of characteristics of an excellent online trading platform. Checking their website security standards will help in determining the quality of their security. Any good website should have an SSL certificate that certifies that they are authentic and provide excellent services. Besides, if the platform offers online wallets, then they should have the highest level of security.

Fair trading fees

Apart from the above qualities, a good exchange should not have high trading fees than other platforms. One can look at several platforms comparing the fees to settle on the best.

Best cryptocurrency trading platform

The best cryptocurrency trading platform in 2020 and looking at the above qualities, coinbase exchange has qualified to be the best cryptocurrency trading platform. It is known to be the best bitcoin exchange platform in the world. It only deals in bitcoin but also other altcoins such as ethereum (ETH), bitcoin cash (BTC), DASH, and litecoin (LCT), among others. Coinbase isn’t the only exchange which we can say good things about here is a link to our top 5 exchanges

Coinbase is also situated in more than 30 countries in the united states, UK, singapore, australia, canada, and europe, germany exempted. It was until recently that it expanded to the netherlands, france, and spain. There have also been attempts to have an office in hong kong which has been countered by the hostile trading relations between the US and china. This popularity has helped in earning the trust of many.

Besides that, coinbase has a wide range of payment methods: you can transact using a debit card, credit card, bank transfer, cryptocurrencies exchange, and SEPA transfer. By these methods, coinbase, unlike most exchanges, has bridged the gap between a user’s fiat currency bank and their crypto accounts.

When it comes to community involvement, coinbase allows people to have excellent investments in their prime platform known as coinbase pro. This platform provides institution investments by offering advanced tools and a margin trading for crypto-to-crypto and fiat-to-crypto trading. A coinbase user can also use coinbase pro by merely upgrading.

All-in-one trading platform for your bitcoins and other cryptocurrency

Trading, portfolio, arbitrage, signals, demo, bots - everything you need to easily manage crypto assets, within one interface.

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Analyzing over 10,000 crypto pairs every second, our algorithms automatically detect the coins with the strongest potential.

Make profit on a price difference buying crypto on an exchange where the price is lower and then selling it on an exchange where the price is higher.

Trade on binance, bitfinex, kraken and over 25 crypto exchanges

Platform features include

Trading terminal

Trade bitcoin, ethereum and any other coin currently exist on the market.

Signals

Track coins with a strong uptrend potential to buy at the lowest price.

Arbitrage

Profit from price differentials between exchanges.

Portfolio

View the real-time performance of your digital assets ‘at a glance’.

Trading bot

Benefit from market movements with automated algorithms.

Practice trading without risk using the free exchange simulator.

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Hassle-free trading experience

The new platform bitsgap is designed to allow traders to easily trade and manage cryptocurrency on all exchanges from one interface.

Valuable tool in a trader's toolbox

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Top 10 best cryptocurrency exchanges in 2021

When it comes to crypto exchanges, there’s no specific platform that fits everyone. We all have unique preferences that makes a particular crypto exchange suitable for us. With that in mind, we will take a look at some of the top cryptocurrency exchanges in 2021. Hold up?

Do you know what a cryptocurrency exchange is? If not, then stop here and check out our post on what is a crypto exchange. Don’t worry, we won’t start without you, and it’s a short read.

Now that you are all caught up, let’s get down to business, shall we?

Summary top 10 best crypto exchanges

As you’ve learned already, there are advantages and a few disadvantages when it comes to cryptocurrency exchange platforms. However, some of the shortcomings are only specific to certain platforms. With that in mind, it’s best to check out the best cryptocurrency exchanges to find one that you can deal with.

Additionally, most people think that trading fees, a wide selection of services and good support are important factors when choosing an exchange.

Here’s a short summary:

Binance: worldwide the biggest exchange with high liquidity, good services and low fees.

Bitvavo (europe only): for europeans the best exchange to exchange fiat for crypto as cheap as possible.

Kucoin: one of the biggest exchanges worldwide, 1 on 4 traders bought their crypto here.

Bybit: the biggest derivatives exchange in the world (very risky).

Kraken: kraken has a big brand awareness.

Coinbase pro: coinbase has also a big brand awareness and is having an IPO in 2021.

Bitmex: the most populair derivatives exchange, but lost from bybit after big lawsuits.

Huobi: all-in-one platform like binance.

Phemex: upcoming derivatives exchange and is currently trending.

Bitfinex: one of the oldest exchanges.

#1 binance

Honestly, binance happens to be a favorite to many. Thanks to its intuitive interface and different trading options, binance is now among the giants in the exchange industry. What’s more, binance also offers a mobile and desktop app where you can operate all your transaction on your smartphone. On top of that, they’re continuously building new innovative services to expand their business.

The company was launched back in 2017 through an ICO. And ever since then, it rose quickly to fame due to its unique features. Changpeng zhao is currently the CEO of binance. He is a well-known crypto personality in the crypto-world. The headquarters of this company can be found in malta.

Key features of binance

Binance earn: earn a passive income by using your crypto funds to generate more coins.

Peer to peer trading service: binance offers a space where buyers and sellers can connect directly and trade. It also facilitates several payment options for users.

Wire transfers and creditcard: with the wire transfers, you can now buy cryptocurrencies directly from your bank account.

Binance launchpad: invest in new crypto startups that are audited by the binance team.

Crypto loans: binance offers users loans in USDT and BUSD while using ETH and BTC as collateral.

Unique selling point

Aside from the fact that you can trade on your smartphone, binance offers different ways to earn money through the exchange. From futures, staking, P2P trading, spot trading to binance smart pool, you name it!

The binance exchange platform offers a flat-rate fee of 0.1%. You will also get a 25% discount when you hold binance coin during trades. On top of that we’re sharing a lifetime 20% commission cashback with our readers. If you’d like to learn more about creating an account on binance, check out our binance review.

So, let's see, what we have: we've done the research for you and determined some of the best cryptocurrency trading software available in 2020. At best crypto currency trading platform