Cryptocurrencies have recently gained a lot of fame globally. Now dozens of individuals have dived right into cryptocurrency trading, which has led to the development of several cryptocurrency trading platforms. For beginners and experts, evaluating all the available online trading platforms before investing in cryptocurrencies is important. This is because each platform has different features and advantages, and you want to settle for one that meets all your needs. Below is a list of the best cryptocurrency trading platforms to consider when venturing into trading.
Coinbase
Coinbase is among the oldest cryptocurrency trading platforms and the largest in the US. The platform facilitates the trade of over thirty cryptocurrencies and has a bot that makes trading quite easy. However, the minimum deposit is relatively high, and the fees can be quite high and confusing compared to other trading platforms. However, the site offers a demo account that allows a trader to practice before making the actual investments, it is quite secure, and the security features are quite attractive. The company ensures all the digital funds available, which means in case of a security breach, the clients would get compensated though it is not likely to occur.
Crypto.com
Crypto.com is a trading platform established in 2016 that is available as a web version and a mobile application. The trading platform is available in over 90 countries and supports over 250 cryptocurrencies and tokens. The mobile application makes it easy to use this platform from any location and ensures that the user receives new trends on market changes as they happen. However, if a trader decides to use the bot, they would have to pay some extra amount. From the reviews, the customer service is quite poor, and the fees are relatively high.
Meta Profit
Meta Profit is an automated trading platform that makes cryptocurrency easy for both beginners and advanced traders. The system has an inbuilt bot that scans the entire market evaluating all the available cryptocurrency assets and tokens, and selects the one with a high chance of yielding profits and investing in it. With this platform, the client does not have to analyze the bulk of data or possess prior knowledge and skills regarding cryptocurrency. Unlike most trading platforms, Meta Profit runs on the inbuilt bot, so one does not have to pay for the bot. The fees are relatively low compared to other platforms, and the customer service is impeccable.
Gemini
Gemini is a cryptocurrency trading platform known for its security features; the site is SOC 2 –certified, all the funds are insured, and it uses powerful security protocols. Unlike other apps, Gemini is only available for users in the US, and its liquid exchange is quite high. To reduce fraud cases, all users must provide identification and undergo the verification process online. The minimum deposit is quite high, the fees too, and the number of supported cryptocurrencies and tokes is quite limited.
BitMart
Founded in 2017, BitMart is an online trading platform that allows traders from over 180 countries to buy, sell and hold different cryptocurrencies. The platform is quick in listing new cryptocurrencies and tokens, which increases the pool of paired assets for trading. The minimum deposit and the transaction fees are quite low. However, the company suffered a security breach in 2021 that led to the loss of approximately $196 million in user funds. This could explain its negative ratings and feedback from customers. The company promised to reimburse all the users even though there is no news on whether this has been done or not.
