The rapid expansion of cryptocurrencies has been the town’s talk for quite some time. Investors globally are eager to trade in on the digital currency’s potential returns.
However, some people have questioned the legitimacy of various crypto trading platforms, especially given how easy it is to hack some of them.
No one wants their Bitcoin or other cryptocurrencies to be stolen by cybercriminals. Whether you are practicing crypto for some time, a professional trader, or just getting started, we have got you covered. This article features the safest and most credible cryptocurrency exchange and trading platforms.
So, let’s get started on the list.
Binance
Binance, a Malta-founded cryptocurrency exchange, was founded in China in 2017 and is now one of the world’s most popular crypto trading exchanges. However, Binance US was launched in San Francisco in 2019.
Binance is the best cryptocurrency exchange for buying, selling, and trading cryptocurrencies, with trade fees as low as 0.1 percent. You can earn interest between 0.5 and 10% on your coins by staking them for a significant amount of time.
Furthermore, you can buy crypto with bank deposits, bank transfers, and credit/debit cards on the Binance cryptocurrency exchange. As a result, you obtain numerous payment options and can use any of them at your convenience. However, debit cards can let you pay a hefty 4.5 percent fee, which most users do not admire.
Binance offers insurance as a security in case user funds are stolen, as well as a two-factor authentication system (2FA). It makes it the safest cryptocurrency exchange to invest your money on.
Nonetheless, Binance supports over 50 coins, giving you plenty of alternatives if you want to trade Bitcoin, Ethereum, Dogecoin, and a variety of other cryptocurrencies.
Coinbase
Coinbase, the second-best exchange for crypto, opened its doors in 2012 in San Francisco, California. It has a global user base of approximately 30 million people from 103 different countries.
This cryptocurrency exchange primarily serves novice investors fond of trading cryptocurrencies. So, if you are a beginner who wants to learn the ropes without getting overwhelmed by graphs and data scattered across the screen, Coinbase is an ideal choice for you.
Bank deposits, credit/debit card transfer payments, Bank transfers, PayPal are all accepted by Coinbase. However, this cryptocurrency exchange charges high fees for purchases under $200, ranging from $0.99 to $2.99, with an additional 0.5 percent fee based on the amount transferred.
Coinbase offers FDIC insurance, ensuring that customers are appropriately paid if the company goes out of business. Their reserves are utilized to store 98 percent of their user assets, which means that only 2% of your funds might be taken at any time, making it the safest cryptocurrency exchange.
They are absolutely a good bet!
So far Coinbase is considered the best cryptocurrency exchange for novice investors.
Kraken
Kraken is based in the United States. It first launched in 2011 and then relaunched in 2013. This crypto coin exchange currently supports more than 50 cryptocurrencies, giving you a wide range of trading possibilities.
Kraken offers beginner, intermediate, and professional accounts for its users. The beginner account makes the deposits, exchanges, and withdrawals of cryptocurrencies possible.
Isn’t this ideal if you are just getting started with cryptocurrency?
On average, trade fees vary from 0.9% to 1.5%, depending on the volume of the deal, making it one of the best and affordable cryptocurrency exchanges with a credible reputation in the market.
Moreover, for account verification, you must submit identification for each deposit, which is ideal for security, and there are seven fiat currencies accepted, making it among the best cryptocurrency exchange.
Robinhood
Robinhood, a cryptocurrency exchange, was initiated in 2013 and is based in the United States; and began as a stockbroker. However, in 2018, it started selling cryptocurrencies, primarily to young and new investors who wanted to try their luck at crypto trading.
Robinhood now supports seven major cryptocurrencies and is famous for its user-friendly mobile application. Apart from this, it charges no fees for crypto exchanges.
Robinhood also boasts good security features, like Google two-factor authentication to keep hackers at bay and a management system that lets you disable access to devices you don’t permit.
Crypto.com
Crypto.com is situated in Hong Kong and was founded in 2016 and is a significant crypto coin exchange that allows users to trade, buy, sell, and spend. The exchange is well-known for its meager fees, ranging from 0.04% to 0.20%. Crypto.com offers its users a non-custodial Defi wallet within its own app. In addition, you can link that account to your primary account to make money transfers easier. Crypto.com features some sound security systems that make it difficult for hackers to bypass your wallet.
Conclusion
Each of the crypto exchanges on this list has its unique characteristics. With its all-around advantages, Binance, on the other hand, edges over the competition. So, we hope that you find the best cryptocurrency exchange for your specific needs, regardless of whatever crypto coin exchange you choose!
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