As already highlighted, although it seems very easy, it is necessary to be careful when investing in cryptocurrencies.You have to be aware of the fluctuations of the virtual currency and also not invest more than 5%…
Where is the best place to trade cryptocurrency?
Where is the best place to trade cryptocurrency?
In looking at the question of Where is the best place to trade cryptocurrency, owners of bitcoins and other cryptocurrencies use cryptocurrency exchanges to exchange digital currencies with each other and for fiat (ordinary) currency. To choose the right one, we generally use the ratings of exchange platforms for trading cryptocurrencies, of which there are many. For an independent choice, a future user of these services can compose his own top cryptocurrency exchange platforms.
The main criteria for choosing a cryptocurrency exchange platform:
daily trading volume;
the number of trading pairs;
commission size;
methods of replenishing accounts – fiat, crypt;
difficulty passing user verification;
the jurisdiction and regulation of the trading platform itself;
user interface;
technical support work;
the countries with whose citizens a particular cryptocurrency exchange works;
reviews on Reddit and Bitcointalk;
the history of piracy.
Binance
Hong Kong’s cryptocurrency exchange, founded in 2017. Daily trading volume reaches 2.0 billion euros, the platform easily processes more than 1.4 million transactions per second. Binance includes a proper cryptocurrency exchange, training center, non-profit fund, proprietary token issuance platform, decentralized cryptocurrency wallet, and more.
The exchange platform works with a variety of cryptocurrencies: you can trade BTC, USDT, BNB (internal exchange token) and several altcoins. Trading in fiat currencies is supported: EUR, RUB, UAH and others. You can conduct market trades, limit trades, and limit trades (including OCO). The exchange platform also allows trading on margin.
The trading commission depends on the position of the trader (Maker or Taker), the monthly trading volume and the BNB balance.
ByBit
Singapore’s crypto currency exchange platform, founded in 2018. Site liquidity exceeds $ 50 million, approximately 100,000 transactions per second are processed, currently the exchange platform serves over 1.2 million traders in the world. You can trade perpetual derivatives in USD and USDT. BTC, ETH, BTC, and other tokens are available for trading.
ByBit supports the trading of perpetual contracts. Leverage up to x100 allows you to get 100 times the profit on successful trades. You can replenish your account on the exchange not only with cryptocurrencies, but also with fiat units – a fiat gateway is supported with payment by Visa and MasterCard bank cards (over 20 currencies are available, including including the ruble).
Traders can enter limit, market and conditional orders. The trading commission is 0.075% for the Taker. Liquidity providers receive a 0.025% trade size discount. Trading is carried out in a special terminal, the chart (TradingView) allows you to change the time horizon, to define indicators, to measure the evolution of the price during certain periods, etc. You can also make transactions in the ByBit app on Android and iOS mobile devices.
CEX.IO
The UK cryptocurrency exchange, founded in 2013, serves over 3 million traders worldwide. It is one of the first platforms to launch transactions between fiat currencies and cryptocurrencies. The turnover of the exchange platform exceeds $ 90 million per day.
Several dozen tokens are available for trading (ВТС, ЕТН, ВСН, LTC, BTC to USD converter, XRP and others). You can trade in relation to:
crypto currencies (BTC, ETH, USDT, etc.);
fiat currencies (USD, EUR, RUB, GPB).
Margin trading with leverage of up to 1:10 is available. You can make transactions in the web interface or in the mobile app for Android and iOS. The trading chart is integrated into TradingView. With this we hope you can solve your question of Where is the best place to trade cryptocurrency.
You may also check out here for more topics on the best place to trade crypto assets.
