Before investing in digital currencies, it is essential to choose the right cryptocurrency platform. For this, you need to take into account a number of criteria.
These include: the security and costs of the platform, the ergonomics of the platform, etc. To help you make a good choice based on these many parameters, we offer the guide below.
It is actually a selection of the best cryptocurrency platforms of the moment. It highlights the advantages and main limitations of these different investment websites. Binance
Binance is an exchange solution based exclusively on cryptocurrencies. Created in 2017, this young platform is now the world leader in the sector of decentralized exchanges of digital currencies. She has made a name for herself thanks to the marketing of her team and the successive updates generally well thought out. The advantages of using this exchange solution
The Binance solution is suitable for all types of profiles, whether you are a beginner or a trading expert. Having conquered the market without great difficulty, the platform offers an efficient service at a more advantageous price than most of the competing offers available on the market.
Compared to other exchanges, including Kraken and Coinbase, the Binance platform has more assets. His project is supported by Binance Coin. It is one of the most important tokens in the cryptocurrency market. In terms of market capitalization, the Binance Coin project is the third largest.
With $94 billion, this token is behind the unbreakable Bitcoin and Etherum. Binance’s solution focuses on cryptocurrency training. For this, it puts training articles for beginners, intermediate and even experts.
It also has more than 150 crypto projects. This is one of the widest offers on the market. Unlike Coinbase, Binance offers more attractive transaction fees. It offers a wide range of solid and highly developed trading and risk management tools. The limits of this platform
Binance does not currently offer telephone support. This is a negative aspect according to investors. It has also had a history of hacking. There is also no demo account on this plateforme.Crytpo.com
This crypto exchange platform was created in 2016 and founded by Kris Marszelek. It is the richest cryptocurrency platform in ancillary services. Thanks to its complete crypto ecosystem based on its mobile application, it has become a true international crossroads for virtual currencies.
Regulated and reliable, it collaborates with many cryptocurrency regulatory institutions around the world. It also seeks to offer the most convenient way to buy, sell, exchange and spend cryptocurrencies. The advantages of using this exchange
Easy to use and intuitive, Crypto.com offers many services related to cryptos very varied including the staking of about thirty tokens. Staking is the act of depositing cryptocurrencies in return for remuneration.
The Crypto.com home page looks like this:
Exchange, i.e. crypto exchange platform;
App, i.e. mobile application;
Cards, i.e. means of payment;
Earn, i.e. deposit account;
Credit, i.e. crypto loan/borrowing services;
Pay, i.e. crypto payment services for businesses;
DeFi, set for decentralized finance.
You will have noticed at first glance that it is a platform in English. Its Crypto.com app allows users to buy Bitcoin as well as more than 80 other leading cryptocurrencies among the top 21 fiat currencies. It also offers the possibility of buying and selling crypto with fiat, with a credit/debit card or with another cryptocurrency. Cons
The trading and risk management tools available on Crypto.com are limited. Transaction fees are also quite high compared to some platforms on the market. This exchange witnessed a major bug at the end of September 2020 that now encourages caution. It is necessary to hold CROs to have access to multiple services, including the payment of ordering fees on this platform. The CRO is a native token of Crypto.com.Coinbase
It is a platform specialized in trading cryptocurrencies. Created in 2012 in the United States by Briand Armstrong and Fred Ehrsam, this exchange is present in more than a hundred countries. The advantages of using this exchange platform
The Coinbase platform is appreciated by investors for its user-friendly virtual interface. It provides its users with a set of trading services, namely:
The Coinbase Pro account
Coinbase wallet.
The Coinbase Pro account: aimed at clients who want to improve their experiences in advanced cryptocurrency trading. They will be able to trade a much larger number of cryptocurrencies from the much lower fees.
With the help of this account, you can track the market, view trade history, monitor open orders, and manage a good number of portfolios. Also note that the Coinbase Pro account allows you to trade with leverage. The leverage margin can be up to x3 for dollar-related pairs.
The Coinbase Custody service: reserved for institutions that are members of the company. It allows them to warn their cryptocurrencies. Coinbase Commerce is a service that accepts payments in cryptocurrencies. When it comes to the Coinbase wallet, it allows the company’s customers to buy and store their cryptocurrencies.
The Coinbase platform supports several major cryptocurrencies. These include:
It should be noted that this list is not exhaustive. It also offers a mobile trading application.
In terms of security, this exchange stores its users’ data in offline servers in a very confidential way. Any transaction on the platform is encompassed by advanced encryption and all with an insurance policy on funds for further protection.
It is indeed a reliable broker that to date has never recorded system failures. It is secure and accepts bank transfers, PayPal, credit/debit cards and many other means of payment. Cons
Fees for transactions on Coinbase are generally high. It charges an average spread of 0.50% for transactions to buy and sell cryptocurrencies. It also charges fees that can be levied on fixed rates or variable percentage rates. Factors for setting fees on variable percentage rates include: payment type, region, and product functionality. Kraken
Kraken is one of the oldest cryptocurrency platforms with nothing to envy to its newer competitors. Created in 2011 by Jesse Powell in San Francisco, the Kraken platform is ideal for beginners and experts alike. The advantages of using Kraken
Kraken was one of the busiest cryptocurrency platforms before being overtaken by a few giants that established themselves on the market very quickly. This does not mean that it has lost its quality. On the contrary, it remains a complete and secure platform.
Kraken also offers many and beautiful customization options. In particular, it gives the possibility to carry out daily trading and to save your crypto currencies via the Ledger key.
