A while ago, the idea of creating money on online platforms seemed like a far-fetched reality. But now, the dream has manifested into a full-blown reality. People have started to earn their entire living through trading online.
If you haven’t figured it out already, we’re talking about the most sought out action item of all time- Cryptocurrency. People seem to be under the hypnotic wave of buying and selling digital currencies through crypto exchanges.
If you want to jump on the crypto bandwagon, here are some of the best crypto exchanges of 2021.
One of the most popular platforms of this year, Coinbase has proven to be one of the best crypto exchanges for people. Its popularity is not only linked to the stellar valuation, but also to the exchange backing up the platform itself; Coinbase Pro.
The aforementioned exchange is one of the biggest and most secure platforms out there. If you’re looking to join the troop of crypto enthusiasts, here is a list of the pros and cons of the Coinbase exchange.
|Simple User Interface & Easy Purchase Process||Charges a higher fee for convenience|
|Enhanced security ratings||Requires a complex platform to avail lower prices|
Similar to the workings of Coinbase, Binance.US has also afforded a good reputation due to its parent company. It provides users a simple, convenient, and easy-to-use platform for transactions under the $10,000 cap.
However, if you are a pro, you can always choose to reap the benefits of several different trading order types, dashboards, and other important features. If Binance.US seems like your kind of place, peruse through the pros and cons of this crypto exchange.
|A low price for spot/general trading.||Coins options are limited|
|An array of cryptocurrencies to trade||A novice may require additional help to understand the workings of the platform|
The name may be identical to a star sign and if used correctly, it can truly make your stars shine bright. Gemini falls under the list of the best crypto exchanges of 2021 due to its user interface. Easy to use, it’s a viable option for those looking to begin their eventful journey in the field of digital currency.
Although it has a much higher fees structure, it is still worth the effort. So, intrigued by what Gemini has to offer? Let’s take a look at its key benefits and disadvantages.
|Easy to understand interface for beginners||A highly complex fees structure|
|Readily available in over 50 states|
One of the oldest ones in the running, Kraken has continued to provide crypto users with a seamless trading experience. By offering a myriad of coins to people, the exchange has become one of the best crypto exchanges of this year.
Not only can users make deposits and withdrawals with ease, but can also keep a track of crypto and measure the portfolio’s performance as a whole.
If you’re a beginner and want to jump in with Kraken by your side, read its key benefits and disadvantages.
|Boasts a robust security system||Can get overwhelming for new users at points|
|Enhanced trading features may appeal to experienced users|
There has been a massive increase in the popularity of Crypto.com this year. It is an ideal exchange for people who look towards variety in trading. With more than 70 currencies on its platform, Crypto.com is one of the most notable exchanges.
Additionally, it also offers several different benefits, such as a “crypto rewards debit card” for those looking to cash out on coin rewards. Thus, if this offer floats your boat, browse through the list of pros and cons for the currency exchange.
|A much higher cybersecurity rating||Low volume crypto users will pay a high trading fee|
|Not much of a margin trading|
Cryptocurrency: Is it a Yes?
Listed above were some of the best crypto exchanges of this year. Of course, there are several others cryptocurrency exchanges in the market. You can always browse through the internet and find one that suits you best.
Just a little tip; If you’re a beginner, prioritize a simple user interface over everything. Buying and trading digital currencies seem great but they can be a hassle if not understood correctly. Once you pick your platform, go about trading. We wish you the very best in your trading endeavors!