Digital currency is a concept that is proceeding along with the innovation on a global level. The traders have quite a number of choices to invest in these virtual currencies. The first option is to use Cryptocurrency exchanges which allow the traders to exchange the fiat currencies like for virtual currencies.
Below are the things that need to be taken into proper consideration while exploring out the top-class digital currency online trading platform:-
- Safety of website & Server: – One must be well aware of the fact that the secure trading platforms are better ones.
- Liquidity: – There should be increased liquidity.
- Transaction Fee Structure: – The transaction fee structure of the investment platform such as static fees, % fees and spreading or exchange of rates should be distinct ones.
- Transparency: – There should be an offering of transparency in the data related to the transaction of crypto coins, prices as well as volumes.
- Currency Pairs: – There is a need to be fully aware regarding how many and which of the currency pairs have an availability to invest in.
- Payment Methods: – There are several choices to purchase the virtual currency such as PayPal, credit card and many more.
- Customers: – It is just to keep the customers happy.
- Beginner: – There is an utmost requirement of beginner friendliness.
- User Ratings: – Also, at last; the ratings of a user should be a good one.
Here I have compiled the list of the best digital currency online trading platforms:-
- Bittrex: – This investment platform is on a good note so as to do proper maintenance of a high quality and that too in the virtual currency at a global level. The base is in Las Vegas, United States.
Also, it handles a lot of investment on the daily basis as they are having several numbers of alternate coins so that the merchants can invest all the distinct types of coins.
- Poloniex: – This is one of the most trust-worthy digital currency trading platforms. It has been redesigned in 2015 as the website navigation is very easy and has added lots of characteristics so as to create a nice experience for investment. Also, it has done many great things and is even working to offer a support to Ethereum.
Furthermore, the platform handles lots of investment on daily basis and is having many members on an online level.
- Coinbase: – This is considered to be one of the most rock-solid digital currency investment platforms and has been in existence for the past 6 years. They are creating the waves at a preset level as well. It has its headquarters placed in San Francisco, United States.
It is the virtual currency that offers a support to Bitcoin, Ethereum and Litecoin on present terms and it is a big hope that they will be adding up more of Cryptocurrencies very soon.
- Bitfinex: – This is also one of the most popular Cryptocurrency exchanges which are placed in the British Virgin Islands. The major role is to do trading but has more digital currencies like Litecoin and Ethereum.
They are being loved so much because of their three distinct characteristics. As such, they are becoming a provider of liquidity as well as a pure crypto exchange.
- Kraken: – This is the top-class digital currency platform of Europe founded 7 years ago which gives an allowance to purchase and sell out the crypto coins and do the investment between several currencies. This has unique characteristics such as margin trading, account leveraging.
Even you can do investment of other Cryptocurrencies. Also, there is a provision of high security which can be an enabling factor for the authentication.
There are lots of trading choices available but for the beginners, Coinbase is the most recommended one as it has characteristics such as user-friendliness and straightforwardness. For the ones who are exploring for the higher anonymity, Shapeshift may give an appearance of a better choice whereas Bittrex & Kraken prove out to be the rock-solid alternatives for the ones who are looking in for fewer fees as well as advancement in the choices of investment such as that of marginal trading.
Though these trading platforms are secured ones, an online exchange gives a provision to small risk as well. Whatever Cryptocurrency trading platform you choose, you need to have a proper assurance to research about the reputation of the community, its terms; and conditions, a record of security and characteristic on a close note. And if possible, try storing your virtual currency in a very safe place.