Best Crypto Exchanges phroogal

Best Crypto Exchanges and Trading (2021)

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If you want to get into cryptocurrencies, you need to find a crypto exchange where you can buy and sell them.

Cryptocurrencies are a new way to invest and grow money. And choose the best crypto trading platform to trade digital assets like Bitcoin and Ethereum, Litecoin, Dogecoin, and more.

Welcome to the phroogal 5, a series of the five best apps. We’ve done the work to narrow down the best choices. Want more options? Check the marketplace.

In this article, you’ll learn the best crypto platform to trade a variety of cryptocurrencies and what you should look for when choosing a crypto exchange.

Best Crypto Exchanges

The following list of crypto trading platforms to buy/sell popular cryptocurrencies and store your crypto asset.

Coinbase: Best for New Investors

Coinbase is a popular exchange offering access to crypto markets with a solid variety of altcoins and cryptocurrencies. So whether you’re trading Bitcoin and Ethereum, this is a great option to consider. 

  • Very simple user interface
  • Strong security and transparent pricing
  • More features in terms of charts and indicators

Number of Currencies: 60
Transaction Fees: $0.99 to $2.99 (Coinbase), Up to 0.50% (Coinbase Pro)
Wallet Included: Yes

Read the Coinbase review.

New Account Promo:  Get $5 in Bitcoin after signup.

Voyager: Best user interface

Voyager offers a simple interface through a mobile app to trade cryptocurrency on a commission-free basis. They have solid customer service support and pays competitive interest rates on crypto assets. 

  • Simple app-based features 
  • Supports Bitcoin, top DeFi coins, stablecoins, and a wide variety of altcoins.
  • Connect to top exchanges to find you the best price for your trades

Number of Currencies: 60
Transaction Fees: Commission-free
Wallet Included: Custodial wallet

Read the Voyager review.

New Account Promo: Download the app and trade $100 to get $25 of free Bitcoin. Use Code:4B63F075F

Crypto.com: Best for rewards

Crypto.com is a blockchain company that provides financial services for cryptocurrency users. It’s a one-stop shop for all your crypto transaction needs, making it a good fit for many investors especially advanced traders.

  • Robust platform including real-time market data
  • Ability to earn higher interest on crypto holdings
  • Prepaid Visa card that functions like a rewards debit card

Number of Currencies: 100+
Transaction Fees: Tiered fee structure starting at 0.40%
Wallet Included: Yes

Read the Crypto.com review.

BlockFI: Best for interest earning

BlockFi is a cryptocurrency platform enabling you to buy, sell and earn cryptocurrency. There are no trading fees. In addition, you can earn interest in your holdings and borrow money against your digital assets. 

  • Trade crypto assets at competitive prices and store them.
  • No hidden fees and no minimum balances
  • Earn more from your crypto

Number of Currencies: 60
Transaction Fees: Varies
Wallet Included: Yes

Read the BlockFi review.

New Account Promo: Download the app and trade $100 to get $10 in Bitcoin. Use Code: b9e6f206

Binance.US: Best for coin variety

Binance is a dominant global exchange and makes up a significant part of crypto trading volumes. The platforms offer a wide range of altcoins and fiat-crypto trading pairs.

  • Lower fees
  • Variety of cryptocurrencies and trading pairs
  • Advanced charting and educational resources

Number of currencies: 100s
Transaction Fees: 0.012% to 0.1%
Wallet Included: No, but recommends Trust Wallet.

Read the Binance review.

How to Choose the Best Crypto Exchange

Consider the following to choose:

  • Look for a reputable company with a good reputation.
  • Check out the reviews on sites like Trustpilot.
  • Make sure you can deposit and withdraw money easily.
  • Consider using an exchange that is based in your country.

Since exchanges have their pros and cons, you need to determine what type of cryptocurrency broker meets your needs. Some are suited for beginners and others for advanced traders. And depending on the platform, you may be able to use a debit card, credit cards, wire transfers, or other payment methods to buy your crypto investments.

What are Crypto Exchanges?

Cryptocurrency exchanges are platforms where you can buy and sell digital currency or convert fiat currency into digital currency. For example, using US dollars to buy Bitcoin.

There are many different types of centralized exchanges out there. Some are better than others. 

What are Crypto Wallets?

A cryptocurrency wallet is an application that stores your digital currency on your device. You can use cold storage or hot wallets for storing Bitcoin, Ethereum, Litecoin, Dogecoin, etc.

What’s the difference between centralized and decentralized crypto exchanges?

Cryptocurrency exchanges can be categorized into centralized or decentralized exchanges. With centralized exchanges, the platform is owned and operated by private companies. In contrast, a decentralized exchange is run by different users and uses various servers across the globe.

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