Explained: Top 5 Trading Platforms
Crypto trading is the crypto marketplace where cryptocurrencies are bought and sold. The crypto market is similar to the stock market but with an added element of volatility that makes trading cryptocurrency highly profitable. It is a process of buying and selling different cryptographic assets, which uses digital currencies as its medium for trading. This article will find out about the top 5 crypto trading platforms in 2022. These are the best platforms for buying and selling cryptocurrency, with complete details on each one’s features and requirements. In addition, learn which platform has attracted over 300 million registered users worldwide or has a lower fee than traditional e-commerce sites.
What is Cryptocurrency?
Today, cryptocurrency is a global phenomenon. It has changed the way we look at things. Cryptocurrency or virtual currency is a digital asset designed to work as a medium of exchange using cryptography to secure its transactions, control the creation of additional units, and verify the transfer of assets.
The Top 5 Crypto Trading Platforms:
1) Binance: Binance is the most popular crypto trading platform in terms of volume and offers a mobile app. The site was started by a group of cryptocurrency enthusiasts and had an ICO (Initial Coin Offering), which raised much-needed funds. Its ‘Changpeng Zhao’ is the CEO and Founder of Binance, helping it become one of the leading digital currency exchanges around the World.
Features:
- Binance offers different digital coins and tokens for trading, from low-profile coins to significant crypto assets with daily trading volumes in millions of dollars.
- It has a user-friendly interface with an intuitive design that makes it easy for new traders to sign up and start trading.
- Binance platform enables investors to make profits easily by offering a wide range of cryptocurrency APIs, from RESTful APIs to FIX APIs and WebSocket APIs.
- Binance provides competitive trading fees to increase its liquidity alongside low charges when using fiat currencies instead of other crypto exchanges’ accounts of 0%.
- The Binance platform provides an additional feature of BNB (Binance Coin). This platform token is exclusively for paying exchange fees and earns users discounts for any trading charges levied on them.
Also, read our article on Bitcoin Merchant Account here
2) CoinDCX: Do you want to know more about the trading platform? This cryptocurrency exchange offers multiple wallet options, payment methods, and more. The company is based in London, with offices in New York City and Hong Kong. One of its best features is an API for developers to build their trading apps.
Feature:
- It offers the lowest trading fees in India and the U.S. while providing users with a simplified onboarding process with multiple payment gateways and wallets, along with a range of security features.
- CoinDCX enables its users to buy, sell, and store cryptocurrencies such as Bitcoin, Ethereum, Ripple, etc.
- CoinDCX has partnered with Netki to give users more control over their cryptographic assets by allowing them to create their wallets using a unique name.
Also, read our article on how to buy stocks with bitcoin here
3) CoinSwitch Kuber: CoinSwitch is a cryptocurrency exchange platform that lets you exchange over 100 coins in one place. It supports more than 5000+ altcoins with competitive rates. You can buy Bitcoins, Litecoins, and Bitcoin Cash from them, and all the transactions occur in your wallet on the mobile app.
Features:
- They provide traders with an API to build trading bots and algorithms.
- It has a feature of API, Trading API, enabling developers to build customized trading apps for their users.
- It has a user-friendly mobile app to provide you with all the relevant details about the coins, prices, etc.
- They support buying Bitcoins directly from your bank account (USD or EUR) without any additional charges.
- The platform is available in 9 languages, including English, Spanish, Russian, Arabic, Hindi, etc.
Also, read our article on Elon Musk on Cryptocurrencies here
4) Coinbase: Coinbase is a US-based cryptocurrency exchange platform that trades bitcoin, BTC, Ethereum, or ERC20 tokens. Jo Cox has ranked it as the #1 card handling website for its ease of use. Coinbase supports the purchase and sale of crypto coins or digital currencies and is one of the best platforms for beginners.
Features:
- It provides a direct way for buying crypto coins.
- It has one of the largest crypto coin market capitalization in the industry and low transaction fees.
- It supports instant withdrawals via credit card and bank account transfer on your Coinbase wallet through SEPA, SOFORT, or Interac online banking services.
- The company accepts six fiat currencies, including USD, Euro, British Pound Sterling, Canadian Dollar, Singapore Dollar, and New Zealand Dollar.
Also, read our article on how to invest in polkadot here
5) WazirX: WazirX is one of the leading Indian crypto exchanges that offer crypto-to-crypto trading, Bitcoin and Ripple wallet, secure payment system, mobile apps, and more. WazirX aims to provide a safe and convenient platform to cryptocurrency traders in India. It charges a fee of 0.25% on every transaction.
Features:
- It is user-friendly with an intuitive interface that a new investor can use without prior knowledge of the trading process.
- It has a mobile app that enables investors to access the platform in their free time and get real-time information about the market trends and their cryptocurrency portfolio over different exchanges.
- WazirX provides several payment options for its users, including RTGS, NEFT, IMPS, UPI, Payeer, PayPal, and more.
- WazirX’s trade portal offers developers different APIs and FIX connections to build trading bots and algorithms.
- WazirX’s goal is to increase liquidity in the Indian cryptocurrency market by increasing the number of users on their platform.
Also, read our articles on best cryptocurrencies to invest in 2022 here
In this report, we talked about why these five crypto exchanges are the best. These exchanges offer different services and are suitable for different kinds of traders. They are also highly transparent and secure, making them more appealing to traders. The best part is that these platforms have been in business since 2017, which shows how long they have held their ground against their competitors. It is essential for any cryptocurrency exchange to be aware of its customers’ needs and deliver on the same to survive in the future and stay ahead of the competition.
Hope you found this article on Top 5 Trading Platforms 2022 Helpful. For more such interesting content visit us at techziddi.com.