Cryptocurrency is on the rise. Whether you understand the appeal behind it or not, there’s no doubt that the idea of a decentralized currency has taken off. With so many cryptocurrencies available, it’s nice to have a crypto trading platform that allows you to trade the best crypto back and forth when it’s convenient for you.
You’re in luck! When it comes to new crypto coins or the next cryptocurrency to invest in 2019, you can have your cake and eat it, too. Here’s a quick rundown of some of the best crypto trading platforms out there.
Coinbase came to market early and was the best crypto exchange for a long time because it was one of the only ones. It’s still a really great option. It supports plenty of coins and is adding more all the time.
Coinbase makes it easy to deposit and withdraw funds with competitive fees, comprehensive tracking, and insurance provided by Andresseen Horowitz and the New York Stock Exchange. With Coinbase, you get a crypto trading platform and security.
Coinbase supports BTC, ETH, LTC, BCH, BAT, and ZRX. It’s fully regulated, but it’s not great for beginners because it can be overwhelming to get up to speed on how to set up wallets, make transfers, and manage your account.
Binance’s cryptocurrency exchange is the biggest in the world. It has its own coin called the Binancecoin (BNB), and it offers a discount when you are doing crypto-to-crypto payments on the platform.
Binance provides support for more than 130 cryptocurrencies, which is far more than Coinbase and is one of the best places to buy cryptocurrencies. There are very small transaction fees hovering at around 0.1%, but it’s also not great for beginners because the user interface can be confusing.
Kraken was even earlier to market than Coinbase and is one of the largest exchanges for Bitcoin. Kraken allows you to exchange crypto and fiat currencies, providing a bit more functionality than Binance, which doesn’t allow buying or trading with fiat currency at all.
Kraken also has a partnership with the only cryptocurrency bank in the world, offering extreme liquidity, but slow processing times, which could be a drawback for people who enter the cryptocurrency world for quick transactions.
Bitfinex is based in Hong Kong and allows users to earn interest in their digital and fiat currencies by trading up to 3.3x leverage from peer margin platform. You can set up Bitfinex based on your own personal preferences, and it offers unlimited withdrawals, a mobile app, and several payment options.
Bitstamp has some of the lowest transaction fees of any other crypto trading platform in the world. At 0.05% for international wire transfers and 0.09% for international withdrawals, you can’t beat that advantage.
Bitstamp allows you to use fiat currencies like USD and EUR, as well as cryptocurrencies like Bitcoin, ethereum, Litecoin, and ripple. Verification is fast, and it’s also one of the best platforms for beginners.
Adara is our own cryptocurrency trading platform. It's markedly different from the other ones in the list above for two reasons.
First, we're working towards becoming the world's first decentralized exchange (DEX) for cryptocurrencies. Second, we're committed to sharing skills and knowledge with our community.
Put broadly, our goal is to stay true to the spirit of cryptocurrencies. This means pursuing decentralization and educating the community. We're strong believers in the "crypto" philosophy - and everything we do reflects that.
If you want to get into the world of crypto trading but you’re not sure where to start, you may want to start with us. All the exchanges on our list are solid - but with Adara you get features like Academy: a free knowledge base that really shows you how to make money as a trader.