Where to Invest Your Cryptocurrency in 2020
Investing in cryptocurrency is as simple as finding somewhere to buy it and a place to store it. Currently, the most popular solution is a cryptocurrency exchange. There are namely three different types. One is a trading platform, which connects buyers and sellers in exchange for a transaction fee.
There are also direct trading platforms, where sellers can set their own exchange rates when dealing with buyers. Finally, there are websites that allow you to trade cryptocurrency prices from a broker, similarly to trading forex. So, where should you take your valuable digital coins in 2020? Read on to discover the best options on the market.
ChangeNOW
ChangeNOW allows anyone to instantly exchange over 170 different coins and tokens without registration.
Depending on transaction volume, processing times are as little as two minutes. An app is available to help you trade on the go. This website facilitates fiat-to-crypto purchases, meaning that you can exchange traditional currencies, such as the dollar and euro, for cryptocurrencies. Unfortunately, ChangeNOW doesn’t feature leveraged trading options.
Kraken
Since being founded in 2011, Kraken has grown to become the largest Bitcoin exchange in liquidity and euro volume.
This reputable platform offers low transaction and deposit fees, a rich set of trading features and worldwide support. However, payment methods are limited and until the user interface is updated, Kraken isn’t as suitable for beginners as other options. Tradable coins include Bitcoin, Ethereum, Monero, Dogecoin, Ripple, Stellar and more.
easyMarkets
In addition to their many other asset classes, easyMarkets allows users to trade Bitcoin, Ripple and Ethereum via contracts for difference.
easyMarkets offers three ways for you to trade – through their powerful web-based platform, their mobile app and their advanced MT4 software, which offers a variety of professional-grade features. This forex broker is popular for its high trust ratings and user-friendly software, making it a great option for beginners and experienced users alike.
Coinbase
Coinbase is one of the most popular platforms in this category, with millions of users worldwide.
This website offers a digital wallet, which you can use to obtain Bitcoin, Ether and Litecoin. Alternatively, you can purchase crypto from other traders on Coinbase’s Global Digital Asset Exchange subsidiary. Coinbase is well-known for their excellent security standards and reliable service. Transaction and deposit fees also tend to be highly competitive.
ShapeShift
ShapeShift supports a wide variety of coins, including Bitcoin, Zcash, Ethereum, Dogecoin, Dash and many more.
Similar to ChangeNOW, ShapeShift is suitable for traders who don’t want to sign up for an account to make instant trades. But unlike ChangeNOW, you can’t use fiat currencies or payment methods such as debit or credit cards to purchase cryptos. There is a mobile app, though most users report an average experience.
These platforms all pose as compelling options when it comes to a safe and reliable way to trade with and profit from your cryptocurrency investments.
When it comes to choosing the best platform for your needs, consider user-friendliness, fees, available payment methods and verification requirements. Be sure to also consider exchange rates to find the most affordable option.
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Good post! I agree that cryptocurrency exchange is the best way to invest your funds nowadays. But for this purpose you should find good exchanger with low fees. I prefer to use https://bitniex.com/ they offer really good conditions! And what about you?