Investors are flocking to crypto-currencies with the aim of obtaining a larger capital gain. However, the choice of platform is crucial for success in crypto trading.
Crypto trading platforms, i.e online platforms for exchanging virtual currencies, have grown significantly in recent years.
On July 14, 2017 Zhao Changpeng launched Binance, an online cryptocurrency exchange platform. In the space of a few months, the Chinese-Canadian entrepreneur becomes a billionaire, and Binance the first virtual currency exchange on the planet in terms of volume. Indeed, the rise of crypto-currencies in recent years has led to the creation of several trading platforms, some of which are particularly well known.
Here is a comprehensive summary of what you need to know to choose the most reliable crypto trading platform to best suit your goals.
A crypto trading platform is an online platform where it is possible to buy and sell crypto-currencies. Unlike crypto trading via CFDs, which does not involve owning the underlying virtual currencies, platforms require you to actually buy the latter. Some of these platforms also allow you to trade crypto-currencies against fiat currencies (euros, dollars...), and vice versa.
To be able to trade crypto-currencies on online platforms you need to open an account, then to lock in a buying position in order to keep the tokens in a digital wallet. It is of course possible to resell these tokens afterwards. There are currently several platforms, all of which differ in the way they operate, such as maximum authorized deposit, the number of cryptocurrencies they offer, and the fees required.
In order to select the most reliable and suitable trading platform for your needs, you can refer to a number of criteria, such as :
Based on the criteria mentioned above, the best cryptocurrency exchange platforms are the following :
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