Top 4 cryptocurrency exchanges you should know about
You will get the most of your investment if you trade cryptocurrencies through an exchange. Here are four of them for you. Cryptocurrency trading is one of the newest investment ideas. However, many regard this to be a daunting task. If they can figure out the right place to do so, then there's no problem. An exchange is a place where people can invest in different cryptocurrencies and trade with them. You will come across several exchanges, but only a few of them make the cut. You have probably heard of the scams and other duplicitous news about shady exchanges. To aid you in your search, we have curated a Top Cryptocurrency Exchanges list for you. In this list, we will talk about the exchanges that gained maximum popularity among cryptocurrency experts. The first exchange that we will talk about is Coinbase and its Pro version. This tool also offers support for altcoin, offers liquidity, and a friendly interface. And it offers outstanding support to users if they are stuck in any issue. These are some of the advantages of this network. However, there are disadvantages too. Coinbase asks for an outstanding amount of fees, according to many investors. The identification and account creation process involves many steps and can be quite rigid in approach. Also, the account can get deleted, after conducting a transaction. However, Coinbase's name is never involved in any scam or similar problems. The second exchange we will talk about is Binance. Here, the main trading currency is Altcoins, however, other trading pairs exist. It does not charge much and supports varieties of trading pairs. Also, it provides several charts to inform traders about the market's condition. However, it doesn't exactly scream beginner-friendly. The US version is not available in 13 US states, including New York. But it is available in the rest of the world. If you are interested in Altcoins, then this is the right place for you. The third exchange is Kraken, an exchange with the strictest security protocols, and with an amazing track record of not being hacked, ever. It sees high trade volume regularly and allows people to trade via different
options. However, it takes a lot of time for verification, and it does not support debit or credit cards, and New Yorkers cannot access the functionalities of this exchange. The last one we will talk about is eToro. A beginner-friendly and trusted place where people can track what others are doing, and copy their movements to gain profits. However, there are limited options for trading, and mostly, users transact using derivatives of actual cryptocurrencies. So, these are some of the names that belong to our Top Cryptocurrency Exchanges list along with their pros and cons. We will discuss others in a separate article in the future. Hope you got the answers you are looking for. If you want to create an account with any one of them, you need to check out relevant tutorials to understand the process correctly.