Top 15 profitable crypto platforms: How to start trading in 2021
For those looking for platforms that will make crypto trading simple, this article will help. But first, it’s important to understand what a crypto platform is. A crypto trading platform is a marketplace that allows people to trade or invest in any cryptocurrency like Bitcoin as long as it is supported or available in the market.
Bitcoin is on a bullish reign right now. Today, Bitcoin is priced at $57,768.07, on 12th March 2020, the price for BTC was $7,420.90. In just one year, the market price of Bitcoin has had over a 770% increase. Mind-blowing, right? A crypto marketplace will make it easy to access real-time data that is essential when trading.
eToro is a crypto marketplace that is not only straightforward and convenient, but provides the option to choose which coin a user is most interested in. It charges fees that are low and clear.
It uses a seamless payment system, making it easy to hold or trade-in cryptocurrency from eToro flawlessly. There are different ways to deposit funds into an account available on this platform.
The fantastic feature of eToro is the technology it uses called CopyTrader, which allows a customer to replicate trading in real-time by comparing the top trader’s performance.
Bitcoin Profit App is a simple to use crypto platform that offers a wide variety of features. The most notable is that it’s possible to access real-time data. It ensures that funds and information are protected and secured from snooping by third parties.
It’s possible to trade no matter expertise level. The amount of profit earned depends on the amount of money traded with. Avoid investing large sums of cash; instead, use a substantial amount while learning the ways of the crypto trade.
Creating an account is simple, direct and requires an initial funding of $250 before trading can begin. Bitcoin profit does not have any hidden fees.
Binance is the most used crypto trading platform right now. It has an interactive interface that guides a user when selling or buying. The software can handle 1.4 million transactions per second. It is an ambitious crypto exchange that ensures that stratified security is observed. It uses a Binance coin to pay for its transaction fees.
Bitfinex is easy to use. It helps track users that are interested in trading using a particular coin. Its customer care is always available and will help those who they get stuck somewhere or need clarification.
To trade using Immediate Edge, create an account and load up a wallet with a minimum of $250. It is easy to earn more profits depending on how much money is traded with.
After an account is created, it’s important to quickly verify the profile. Trade using one crypto until confidence builds to have a diversified portfolio. Always ensure to set limits and market orders to help cushion any risk.
It is a seamless trading platform for cryptocurrency that is easy to use and charges low fees. To trade, use limit, stop and market order.
Coinbase offers a platform where one can trade and store crypto whilst keeping track of them. It allows to see how much each coin being held is worth in real-time in a preferred currency.
It shows a summary of the market, whether high or low, with which percentage each coin is worth real-time. With coinbase, it’s possible to schedule intervals for buys and use time-delayed withdrawals to add more security.
Gemini encourages more traders to trade by charging fewer fees the more a user trades. Beginners pay the highest range of 0.25%. It is easy to create an account and use it.
For those who want to set a specific amount when trading in crypto, local bitcoins will help. It allows transactions to be done through local online payment gateways.
It allows users to contact a seller before a trade is made and to specify which local payment mode is convenient. The funds and crypto are stored in escrow before being released. It is a secure and easy-to-use crypto trading platform. The only thing needed to do is to create an account.
Kraken is a crypto trading platform that enables trade and attracts trading fees. It allows users to select preferred currency of trade and currency pair. To trade, ensure the account has funds, click on a new order, choose simple and fill in how much money to invest with.
Poloniex focuses on strict security. It supports a couple of trading pairs. An algorithm that incorporates thoroughly researched strategies to provide a competitive advantage while attracting trading fees below 0.20%. Poloniex stores only funds needed to have uninterrupted trading and the other funds are stored offline.
Changelly can be used in other applications enabling other users to convert crypto. It has no limit. No verification is required and trade can be made using an email address. It ensures users can have access to real-time tracking of transactions whenever they need to.
RobinHood is a crypto trading app that prides itself on the fact that it does not charge any commission fees. However, it still earns an income by charging $5 on premium accounts, offering margin trading, charging $10 from any transaction done from a phone call and charging $35-$50 on any assistance provided when purchasing foreign stock. Create an account, load up the wallet and the app is ready to be used.
Bisq is secure and safe as it holds funds in two-of-two multisig wallets and uses data networks for trade that are open source and peer-to-peer. No verification of data is needed.
When using Coinmama, users are not required to make a deposit. Once an account is created and it is verified, users are able to start trading. It supports the most commonly used payment methods, including Western Union. Nowadays there are tons of nitrogen sports alternatives to find in this guide.
When considering all the above trading sites remember this is not financial advice but rather a brief description of some common platforms and how they operate. Do not forget that the cryptocurrency trade is a volatile market where there is always risk involved. However, this volatility is what makes crypto trading to be very profitable and also very risky. The chances of incurring losses are high. When trades are made, ensure to keep in mind that high-risk investments do not yield high returns while others do.
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The material contained in this article is of the nature of general comment only. The financial information is not advice and should not be treated as such.