In recent years, trading digital currencies have exploded in popularity, and it’s significantly due to crypto’s extensive twists and turns in their market values. And despite crypto, in general, is intimidating at first, and even though there are frauds and scams out there, the best crypto exchange platforms of today ensure that investors and traders are safe and confident in buying, selling, and trading digital currencies, while making it safer and clearer than before.
There are now several ways or places for an individual to invest or trade digital currencies, but when choosing the best exchange for your needs, it’s highly important for you to look for what currencies it supports, the pricing, its withdrawal options, and overall security. Here are our top 3 picks of digital currency exchanges to consider when starting out.
The first of our top picks is Coinbase, and there’s a lot of reason why this platform is in the number 1 spot, and that is because the exchange makes buying, selling, and trading digital currencies relatively easy, along with the added security features that can make users feel confident in their transactions. And despite having crypto industries full of fraudulent coins and shady exchanges, Coinbase largely avoided any controversy by keeping everything legitimate in its platform. Furthermore, Coinbase offers a relatively easy user interface; anyone can get the hang of it fast while greatly lowering the barrier for users to enter and start investing.
Furthermore, the exchange gains a lot of attention from small and big-time investors due to the platform providing its users’ insured custodial wallets to store their crypto funds. The insurance covers losses from potential data breaches and hacking, and your cash is all stored in bank accounts that are insured by the Federal Deposit Insurance Corporation. Additionally, Coinbase also offers a professional version of their current exchange, of course with the same fee upon registering, but it has significantly more options for investors and traders in terms of indicators and charts in the crypto market.
Yuan Pay Group
The second of our top picks for crypto exchange platforms is Yuan Pay Group, and it welcomes inexperienced and expert crypto investors and traders to position themselves in the market, identify and seize lucrative opportunities with the exchange. The developers of Yuan Pay Group created the exchange platform with the goal of making more millionaire investors and traders by breaking down the barriers and going through obstacles in trading circles. Furthermore, Yuan Pay Group is a unique and high-performance trading platform that lets users re-shape their financial lives, chart a new path, and turbo-charge their wealth accumulation using tested and proven finely-tuned systems made by traders for traders.
Furthermore, what underpins the simple front end of Yuan Pay Group is a machine that is completely optimised for the best results in mind. Not to mention that the trading app of the exchange is completely free for all registered clients, and the registration is quite straightforward that can be done after a few minutes. As a crypto trading platform, Yuan Pay Group is specifically designed to generate profit for its users as it bears unique features that differentiate it from other auto trading platforms.
The third, but not least, crypto exchange in our top picks is Binance.US, and the reason for it is because the platform offers a significantly extensive list of currencies aside from the most popular digital coins. Binance was founded back in 2017 with the primary goal of trading alternative coins or altcoins, but it was later banned in the United States in 2019, and despite its major setbacks, the company resurfaced in November 2021, and it became Binance.US. As of this writing, Binance currently dominates the global exchange space, making up a large portion of trading volume on a day to day basis.
However, Binance.US is an exchange that only allows U.S. dollars to be deposited by global users through SWIFT or the Society for Worldwide Interbank Financial Telecommunications. Regardless, the platform does allow its users to purchase a number of digital currencies directly with a debit or credit card while also allowing deposits using 12 other fiat currencies, including Euros. Overall, Binance.US is better suited for people who want to invest or trade lesser-known alternative coins.