Wondering which is the best cryptocurrency exchange to invest your money? If your answer is yes, then I am here to help you out. There is no doubt that it is extremely important that you use a reliable cryptocurrency exchange platform.
But as the market has a lot of options to offer. Hence, choosing the best one among them can be a really difficult task. However, not to worry as in this article, I am going to answer your which is the best cryptocurrency exchange to invest your money question. So let’s just head into the topic without wasting much of the time:
Which is the best cryptocurrency exchange to invest your money?
First of all, I have the Coinbase, and it is one of the best exchange websites that you can use. The website is based out of San Francisco, California.
And Coinbase is considered by many to be the most beginner-friendly exchange. Thanks to their simple yet beautiful user interface. So you can easily get started with the website. Coinbase basically works as a brokerage. It means that instead of buying bitcoin or other cryptocurrencies from others, you directly buy it from Coinbase.
Also, coinbase charges 1.49% fees on bank purchases and 3.99% fees on credit and debit card purchases. And let me tell you the fact that they have the lower fees out of all the crypto exchange platforms.
So overall, if you are a beginner to cryptocurrency and you like low fees. Then you should definitely consider using Coinbase. Also, the Coinbase is only available in selected countries like United States, Europe, Singapore, Australia, and a few others.
Next, I have Bitpanda. There are quite a lot of people out there who call it the Europe version of Coinbase. And this one also works as a brokerage that sells you Bitcoin, trading Ethereum future, Ripple, and many other cryptocurrencies for US Dollars, Euros, Brtish Pounds, and so on.
Just like the Coinbase, Bitpanda also has a very simple user interface. Hence, it becomes an easy task for us to purchase cryptocurrency. Also, the website has several payment methods such as bank transfers, credit cards, debit cards, skrill, and so on. Plus, each of the options comes with a different deposit charge.
Overall, Bitpanda supports a variety of payment methods. Also, the platform lets you purchase a wide range of altcoins. And most importantly, if your country is not supported by Coinbase. Then you can try this one out.
Next, you can check out Kraken. This one is also one of the popular United States based exchange which is in operation since 2011. In terms of trading fees, Karken is very fair and scale based on your 30-day trading volume. If you’re a maker, they range from .16% all the way t0 0%. Taker fees on Kraken range from .26%-.1%.
Also, for depositing your money, Kraken allows you to deposit in USD, EUR and CAD. Also, if you already own cryptocurrency, then you can transfer it on the website. One of the unqiue features that Karken has is that it allows for margin trading with up to 5x leverage. When margin trading on Kraken, eligible accounts can borrow up to $500,000 to go long or short on a cryptocurrency.
Overall, it is a pretty great option if you want to trade cryptocurrent on fiat and crypto pairs. Along with that you will be able to enjoy low fees. As well as it allows you to trade it a wide range of cryptocurrencies. Plus it supports a huge number of countries too.