Digital currency is a concept that is proceeding along with innovation on a global level. Traders have quite a number of choices to invest in these virtual currencies. The first option is to use Cryptocurrency exchanges which allow traders to exchange fiat currencies like virtual currencies.
Below are the things that need to be taken into proper consideration while exploring the top-class digital currency online trading platform:-
- Safety of website & Server: – One must be well aware of the fact that 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 of how many and which of the currency pairs have availability to invest in.
- Payment Methods: – There are several choices to purchase 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 good.
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 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 a 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 trustworthy 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 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 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 support to Bitcoin, Ethereum, and Litecoin on present terms and it is a big hope that they will be adding up more 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 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 in Europe founded 7 years ago which gives an allowance to purchase and sell out crypto coins and do the investment between several currencies. This has unique characteristics such as margin trading, and account leveraging.
Even you can do investment in other Cryptocurrencies. Also, there is a provision of high security which can be an enabling factor for authentication.
There are lots of trading choices available but for beginners, Coinbase is the most recommended one as it has characteristics such as user-friendliness and straightforwardness. For the ones who are exploring for higher anonymity, Shapeshift may give an appearance of a better choice whereas Bittrex & Kraken prove to be the rock-solid alternatives for the ones who are looking 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 risks as well. Whatever Cryptocurrency trading platform you choose, you need to have the proper assurance to research the reputation of the community, its terms; and conditions, and a record of security and characteristic on a close note. And if possible, try storing your virtual currency in a very safe place.