Choosing a crypto exchange is often the first step investors take when exploring the word of digital assets. While there are many ways to exchange cryptocurrencies for one another, centralized exchanges provide a relatively easy way to convert cash into coins and tokens.
5 Best Crypto Exchange For Bitcoin
1. Coinbase
Pros: Coinbase is one of the most trustworthy and reliable crypto exchange platforms on the web. It allows users to purchase cryptos with fiat currencies, and is also quite simple to use, too.
Cons: Coinbase isn’t available in all countries. On top of that, it has some of the highest fees out of all of the cryptocurrency exchange platforms out there. Finally, the platform is very strict in regards to its legalities, and will share your data with tax agencies
2. Binance
Pros: Binance is one of the most popular crypto exchange platforms on the web. It allows you to purchase and trade between a huge variety of different cryptocurrencies, and has minimal withdrawal fees, too.
Cons: Some users claim that Binance can be a bit difficult to get into, especially if you have no prior experience with cryptocurrencies.
3. Coinmama
Pros: Coinmama is a cryptocurrency broker/exchange that offers strong security, user-friendly platform, easy payments as well as helpful customer support.
Cons: Coinmama offers relatively high fees and might lack a variety of cryptocurrencies to pick from.
4. Kraken
Pros: Kraken is one of the most secure cryptocurrency exchange platforms that can support a large number of users, charges relatively low fees and has some great features that both beginners and more advanced users can take advantage of.
Cons: Kraken customer support is not the most helpful. Also, some users might lack coin options to choose from.
5. eToro
Pros: eToro provides financial and copy trading services that eliminate the need to do extensive amounts of research. What is more, it has a good reputation and a vast variety of cryptocurrencies to choose from.
Cons: eToro has relatively high fees and not the best customer support.