The world of cryptocurrency provides its participants with many opportunities: one of which is the ability to buy and sell assets anywhere and anytime. However, the number and diversity of cryptocurrency exchanges are stupefying, as it is extremely difficult to choose one that will meet all our requirements.
So, in today’s article, check out five state-of-the-art ways to do it without any problems as an Ownrwallet crypto app owner.
Before choosing a crypto exchange, you should determine the parameters by which you will choose the one that suits you. Here are a few points to pay attention to:
- Clear payment arrangements;
- The quality of security implementation;
- The period of existence of the site;
- The variety of tools.
If this entire set of integrated structures is observed in a cryptocurrency trading platform, and each point is met adequately, then such an exchange can be considered the most suitable or even ideal. But so that you do not delve into various sites and platforms for hours, here is a selection of the five most convenient and high-quality ones:
- Considered one of the largest cryptocurrency exchanges;
- Offers over 600 trading pairs;
- Has its own blockchain projects incubator;
- Conducts live broadcasts about the world of cryptocurrencies;
- Uses a flexible commission system;
- Has a multilingual interface;
- Suitable for both Android and iOS.
In fact, the Binance exchange is a kind of benchmark for other cryptocurrency exchanges because even the most inexperienced user can figure it out.
Another significant advantage of this platform is how the commission is determined. Here it is directly affected by your turnover and funds. So, the commission can be either 0.1% for ordinary users or reach 25% for spore trading.
This platform calls itself the most reliable, and here are some of the reasons for this. It provides:
- Security of your digital assets;
- Cryptocurrency insurance;
- Support for various digital currencies.
Coinbase is also user-friendly and easy to use, available for both iOS and Android. Having your own portfolio of cryptocurrencies makes it possible to track all transactions in one place, and planning purchases helps you target your investment costs.
Users from over a hundred countries use Coinbase, and about $309 billion in trading takes place every quarter.
- One-click transactions;
- The ability to get a whole set of cryptocurrency trading functions;
- 180+ trading pairs;
- Both hot and cold storage methods;
- A flexible commission system;
- Interesting features for users.
This platform is the largest crypto exchange in Eastern Europe because it attracts new users with its conditions. A commission of no more than 0.1% is just one of those selling points. What’s more, for those who purchase the Premium package, there is the possibility of reducing this to zero. The cherry on top is the potential of cashback up to 100% on commission.
EXMO is suitable for both experienced traders and beginners. The platform still does not have a support center or any training programs, but hopefully, they will appear soon. Yet EXMO already has enough positive points, for instance, a high level of protection for cryptocurrency assets and user data.
This Israeli company has existed for about 15 years, and during this time, it has seriously left its mark. eToro boasts not only offices in countries such as the UK, USA, Australia, and Cyprus but has an impressive valuation, which at the beginning of 2022 was $8.8 billion.
The uniqueness of this particular platform lies in the ability to “copy” the actions or trading strategies of successful and experienced investors. Moreover, you can also share your trading strategy with other users. Right now, over 40 cryptocurrencies are supported by eToro, including Bitcoin, Ethereum, Dash, and many more.
As for commission payments, they are quite low here. However, please note that they may vary depending on your location. More importantly, eToro has a $10 monthly inactivity fee for accounts that have been inactive for over a year.
But despite these features, eToro will be really useful for beginners as they will be able to get acquainted with various trading strategies and methods and also have the opportunity to repeat or even improve on the success of the most popular traders.
- Founded in 2011;
- Supports over 400 trading pairs;
- Has its own cryptocurrency training center;
- There is a 24/7 support center.
There are more than 9 million people in the ranks of Kraken users, and the starting capital for buying cryptocurrency is only $10. Also, the size of the commission of this crypto exchange is limited to 0.26% if you’re a user of Kraken Pro; in other cases, for most cryptocurrencies, it is 1.5%.
Also, Kraken is under the supervision of a number of regulatory agencies in the US, Canada, the UK, and other countries, including the FCA and ASIC.
Here are five of the most simple, convenient, and practical platforms to focus on. Develop a strategy that will work for you and your goals. Once you’ve chosen the right exchange, think about the security and precautions to avoid scams or other issues. In this case, you will not only protect your funds but also increase them significantly.