Category: Cryptocurrency

Best Cryptocurrency Exchanges in 2021

Digital Currency Exchange is better known as Cryptocurrency Exchange. It is a business that allows you to trade cryptocurrencies or digital currencies. If you are thinking about trading cryptocurrencies, then it may be risky at first. It is not easy to invest in cryptocurrency. And finding the Best Cryptocurrency Exchanges is also not easy.

Many people lost their money because of scams and frauds. The biggest problem with trading and purchasing crypto are security, privacy, and safety. In the past few years, Crypto exchange has become safer and more secure with advanced technology.

Here we make a list of the Best Cryptocurrency Exchanges.

Best Cryptocurrency Exchanges

Best Cryptocurrency Exchanges

Best Cryptocurrency Exchange Platform to Buy Cryptocurrencies are:

  1. Coinbase
  2. Binance
  3. Cex.io
  4. Coinmama
  5. Bisq
  6. Cash App

1/Coinbase

Coinbase was found by Brian Armstrong and Fred Ehrsam in 2012. In the United States, it is one of the most used cryptocurrency exchanges. Coinbase has a simple interface and a variety of altcoin choices. Coinbase also offers custodial wallets to store their investments. It has more than 15 million users. 

Coinbase also offers a Coinbase Pro version. It has a different wallet-friendly fee structure. If you become friendly with the use of Coinbase, then Coinbase Pro is a perfect next step for you. Coinbase Pro offers more advanced features that a user needs.

Other pros of Coinbase are:

  • An app for both iOS and Android devices.
  • Schedule your currency trading on a daily, weekly, or monthly basis.
  • Stores funds in a vault for safety purposes.

If we talk about the cons of Coinbase:

  • The user does not control wallet keys. Coinbase owns private access to the coin.
  • It charges high fees if you are not using the Coinbase Pro version.

2/Binance

The Binance exchange was founded in 2017. Its major focus is the trading of the altcoin. At first, we will talk about the pros of Binance. 

The pros of Binance are:

  • Binance offers more than 150 cryptocurrencies, while Bitcoin only offers 22 cryptocurrencies. 
  • It also offers 600 different trading pairs between other cryptocurrencies.
  • The fees are also comparatively low than other businesses.

Binance is the best exchange who wants to trade altcoins. Binance is compatible with iOS, Android, Web, and PC clients. You will get both basic and advanced exchange interfaces for trading.

The cons of Binance are:

  • Binance does not support in 13 U.S. states like New York, etc.
  • Binance US has less trading pairs than its international counterpart.

3/Cex.io – One of the Best Cryptocurrency Exchanges

Cex.io is one of the most easy-to-use platforms. The security of Cex.io is also stringent. You will receive a notification whenever you log into your account in your registered email. It is available in more than 35 states of the USA. Cex.io gives protection against Distributed Denial-of-Service. If you worry about crypto coins’ security, then Cex.io is best for you. You can also downloadable real-time balance and transaction history.

Pros of Cex.io:

  • Available on various platforms like mobile devices and websites.
  • 2FA security.
  • Trade USD for Bitcoins, Ethereum, and XRP.

4/Coinmama

Nimrod Gruber is the founder of Coinmama. Get fast delivery of your coins with Coinmama. It also gives 24/7 supports. You can quickly set up your account and start purchasing in minutes. It has over 2,500,000 users across 188 countries since 2013.

It allows you to buy cryptocurrencies with:

  • Credit card, 
  • Apple Pay, 
  • Bank transfer,
  • Debit card.

Other Pros of Coinmama are:

  • No deposits are required.
  • Easily buy popular cryptocurrencies.

5/Bisq

=Bisq is downloadable software and a decentralized non-KYC platform. Decentralized means it doesn’t have a central point of control. But work in the same manner that Bitcoin does.It has 26 different payment options. Apps for Android and iOS are also available. You also get open and free access to a unit of account. You don’t need to provide location or identification to gain access. If you provide a government-issued ID, you can use Banking products, like a savings account, etc. Bisq offers to trade various other cryptocurrencies. 

Cons of Bisq are:

  • Transaction speed can be slow, depend on the payment method.
  • Trading volumes are low.
  • Not designed for active trading.

6/Cash App

Cash App is a money transfer system. It allows users to pay bills, rent, or in a shop that supports Cash App. Cash App can act as a bank account. You also have a Cash App debit card. This service is handy for beginners. Cash App has even more features.

Other Pros of Cash App are:

  • Ability to withdraw Bitcoin
  • Simple interface

Cons of Cash App are:

  • 3% charge while sending money.
  • The withdrawal limit is $2,000 / 24 hours worth of Bitcoin.
  • You can only invest in Bitcoin right now.

FAQ

How to choose the best cryptocurrency exchanges?

It depends on the different requirements of the users. The best cryptocurrency exchanges may differ from person to person as one size does not fit for all. Some people want easy to use interface. Some user prefers more secure exchanges. In my opinion, I will go with Coinbase or Binance.

Best cryptocurrency exchanges for beginners?

New to cryptocurrency exchanges, don’t worry. It would help if you chose easy to use and beginner-friendly. Most of them have a straightforward UI. You will not find difficulty while using the top and best cryptocurrency exchanges. Coinbase has the best and simple interface. I am not the only one saying that. Many users also realize and believe that Coinbase is simple and easy to use.

Difference Between Crypto Exchanges and Brokerages?

A crypto exchange – It is a platform where you exchange cryptocurrencies with other sellers or buyers. The exchange platform acts as a middleman. It connects you with another person.

However, Brokerage is a platform where you exchange your crypto coins without any third party’s interference. There is no other person.
Just for simplicity ‘Exchange’ term is used for both Exchanges and Brokerages.

Final Thoughts…

Ahoy folks, these were the very best cryptocurrency exchanges that you should use if you want to get into crypto trading. We think that Binance and Coinbase are the best exchanges right now but many good ones are also coming up.

Also Read: Best Cryptocurrencies | 6 Most Popular Cryptocurrencies

So, what are your thoughts on these best cryptocurrency exchanges? Have you ever traded a cryptocurrency? If not, why? Let us know in the comments below…

Best Cryptocurrencies | 6 Most Popular Cryptocurrencies

Cryptocurrencies are attracting new investors. However, more than 2,000 cryptocurrencies are available in the market. Choosing the best cryptocurrency is tricky, especially for beginners. At first, We will discuss, What is a cryptocurrency? and other questions related to it. A cryptocurrency is a digital medium of exchange.

Bitcoin is considered the original cryptocurrency. In 2013, Bitcoin got into recognization. Some people think that the cryptocurrency phase will end soon, while others believe it will be around forever. Predicting the future of crypto is difficult.

But, the fact is that the value of Cryptocurrencies is increasing. There is not only Bitcoin in the market but also many other cryptocurrencies. In 2017, the crypto market blew up and grew by 4000%. Cryptocurrencies use blockchain technology. Bitcoin first used it. 

Each coin buying or selling noted in a ledger. It uses strong cryptography to:

  • Secure transaction records
  • Prevent the creation of additional coins
  • Verify the transfer of coin ownership.

Scroll down and see the list of the best cryptocurrencies in 2021.

6 Most Popular And Best Cryptocurrencies

Best Cryptocurrencies

  1. Bitcoin Cash (BCH)
  2. Litecoin (LTC)
  3. Ethereum (ETH)
  4. Ripple (XRP)
  5. Binance Coin (BNB)
  6. Tron (TRX)

1/Bitcoin Cash (BCH)

Bitcoin was the first and original cryptocurrency. It was the first that uses blockchain technology. In Blockchain Technology, information stores within blocks about the crypto transaction. This block contains data of 1 megabyte of data. But these data blocks increases transaction fees and slow down transactions. So, Bitcoin developers find a solution that reduces the amount of data needed.

As we know, Satoshi Nakamoto creates Bitcoin, but Satoshi Nakamoto never disclosed his real identity. Bitcoin solved many problems, such as inflation caused by money printing. Bitcoin is still the most popular cryptocurrency.

  • In August 2017, they created their version of Bitcoin and named it Bitcoin Cash. Bitcoin Cash has blocks that can store 8MB of data. Bitcoin Cash allows fast and more frequent transactions with lower fees.

2/Litecoin (LTC) – One of the Best Cryptocurrencies

Litecoin – “silver to Bitcoin’s gold” and the best alternative to Bitcoin. Charlie Lee is the founder of Litecoin. He is an MIT graduate and former Google engineer. Cryptocurrencies were confusing and complicated for some people to understand the underlying technology. So, to fix the problem, Litecoin was introduced by Lee in 2011. Litecoin is an open-source global payment network. It is a”lite” version of Bitcoin with some twists. For instance:

  • Bitcoin takes about 10 minutes to confirm a transaction; Litecoin takes about three minutes.  
  • Bitcoin takes specific hardware and impressive raw computing power; Litecoin needs lower system requirements. 
  • Ordinary PCs can mine Litecoin easier and faster compare to Bitcoin.

In the future, Litecoin may use to pay for everyday services and goods. Litecoin uses a P2P network for transactions that is quicker than Bitcoin transactions.

3/Ethereum (ETH)

Ethereum is a software platform launched in 2015. It is based on blockchain technology and is used to exchanges a cryptocurrency called Ether. 

  • Ethereum – blockchain platform
  • Ether – Cryptocurrency

It allows Decentralized Applications (DApps) and Smart Contracts to be built and run without any:

  • Downtime
  • Fraud
  • Control
  • Interference from a third party

Ethereum’s goal: Decentralize the internet by replacing servers with a worldwide node system. 

If you want to use the Ethereum platform, then you have to pay Ether. Ether is like a vehicle for moving around on the Ethereum platform. Ethereum is different from Bitcoin; however, Ether is the second most popular cryptocurrency.

4/Ripple

Chris Larsen launched Ripple in 2012. It helps banks to settle cross-border payments in real-time. Or in other words, Ripple is a real-time global settlement network. Ripple offers low cost, specific, and instant international payments with end-to-end transparency.

All of Ripple’s XRP tokens were pre-mined before launch, so it doesn’t require mining. Also, there is no creation of XRP over time, only introducing and removing XRP from the market supply according to the network’s guidelines. It is closely connected and supported by several banks from the beginning.

It is the third-largest cryptocurrency. The benefits of Ripple are as following:-

  • It doesn’t require mining
  • Reduces computing power usage
  • It minimizes network latency.

5/Binance Coin (BNB) – One of the Best Cryptocurrencies

Ethereum initially hosted Binance Coin until the Binance decentralized exchange went online in 2017. The Binance DEX is a platform much like Ethereum with different goals. 

The Binance DEX is a decentralized platform that offers its users the following:

  • Buy and sell Binance coins 
  • Convert other cryptocurrencies from one to another. 
  • Discount to those who pay transaction fees on the exchange with BNB.

That’s why Binance DEX has become the biggest cryptocurrency exchange.

6/Tron (TRX)

Tron is a blockchain-based platform for sharing content. Justin Sun is the founder of Tron. The year 2020 is an outbreak year for the entertainment industry. The pandemic becomes an opportunity for the founders of Tron. The platform has gained fame over the last few years. The world’s biggest entertainment companies also using Torn. Tron provides many services, such as:

  • Allows creators to monetize their content
  • Profit from gathering and selling data 

Final Thoughts about Best Cryptocurrency…

Always remember what expect advice. The expert cryptocurrency investors’ advice – Only invest money that you are not afraid to lose. Investing in Cryptocurrencies is a little bit risky. If it can give you huge profits, then you can also lose your money. 

If you want to start trading cryptos, then:

  • First, choose a suitable wallet.
  • Then, choose a reliable exchange.
  • Choose a cryptocurrency.
  • Check everything, such as correct public key, proper amounts of cryptocurrency, etc.
  • Make the payment.

And BOOM!!! You will receive your new cryptos. The transaction may take 10 minutes up to a few days. The transaction depends upon the payment method. 

Also Read: 7 Best PaaS Companies (Platform as a Service) in 2020

Note: This article is a personal opinion. You should always consult with a professional before making any investment decisions.

So, what are your thoughts about these best cryptocurrencies? Have you invested in any one of them? How did you learn about cryptocurrency? What’s stopping you from investing in cryptocurrency? Let us know in the comments below…