When you have finally decided that you want to start investing in bitcoin and cryptocurrency, you now have to determine what platform you are going to be using. While you might think that any platform will work, there are many things that you have to consider, and you have to determine what you want out of your platform.
Your platform should be reputable and credible with proper security to ensure that you do not lose your account or money. It should be able to provide you with all relevant information, and finally, it should be one with a high number of traders and a low fee for each transaction.
Finding the perfect platform for you and your needs might be challenging, but it is important that you don’t just settle for the first platform that you see. Just like how you want to maximize your money on trading, you want to find a platform that will also maximize it. Here are some crypto trading platforms that you might want to check out.
Bitcoin Up
Bitcoin Up is a new and growing platform that is used for buying and selling bitcoin. Why should you consider this platform? The platform claims that it is 0.001 second ahead of the rest of the markets. While this might sound too minuscule, you can make huge amounts of profits if you are using bots to help with purchasing and selling.
The website has quite a high win-rate, meaning most of the people who use the site gain the money that they invest back and more. Experts have written a bitcoin up review and have deemed it to be a good platform with a massive future. As more and more traders go towards it, you can expect the amount of trading to exponentially increase as well.
To get involved in the website, you have to invest a minimum of USD 250. Once that is done, you are free to use the money as you see fit, investing, and selling whenever you can make a profit. Be sure to get into this platform before it gets too late as the longer you wait, the higher the fees will be for each transaction. Bitcoin Up is a great crypto platform to get started in the market.
Coinbase
Perhaps the most used crypto market is Coinbase. It has been around for many years and is widely known as the best in the industry as well. They were founded back in 2012 and currently have a license to operate in many of the US states and territories, as well as more than 100 countries worldwide.
The website offers a large variety of coins to invest in, allowing you to diversify your portfolio on one website instead of being forced to branch out. Along with that, the website is extremely easy to use. Oftentimes, studying the market trends and graphs can be somewhat intimidating, and navigating around all of the graphs is not explained. Coinbase offers a very user-friendly experience allowing you to get all the information that you need.
Finally, Coinbase allows you to sell whatever you are looking for almost instantly. As there is a high volume of traders, you can always expect your currency to be purchased almost instantly after listing it onto the market.
As for the negatives, there is one big one. Due to the size and popularity of the market, Coinbase has one of the highest fees in the industry. They are able to do this because they provide a tremendous service. If you think the pros outweigh the cons, then consider Coinbase as a good crypto platform to use.
Binance
While Coinbase has a large variety of coins to invest in, it is nothing like other markets like Binance. Created in 2017, the market was created for the sole purpose of selling and trading the coins that Coinbase was not using. By choosing this platform, you can purchase many new coins that are just starting out, allowing for massive potential profits if that coin explodes.
There is a considerable amount of charts, graphs, and trends available on the platform. This will allow you to gain the most amount of information possible about anything you are looking to trade. The fees are also quite low on this platform when compared to other leading platforms.
On the downside, Binance is not meant for beginner users as the UI and graphs can be overwhelming and hard to understand. There are not as many trading pairs on Binance as other markets, and it is currently not supported and regulated by many US states. If you happen to be one of the few states that allow the use of Binance, give it a try and see if it is right for you. There is a potential for money if you understand crypto and how the market works.
Bisq
While the other markets are designed for day trading and frequent investments, Bisq, on the other hand, is entirely different. Bisq takes advantage of the fact that bitcoin was created to be completely anonymous, allowing anyone to get involved in the website as long as you have the funds to do so. There are plenty of payment options available for you to use, and it is incredibly mobile-friendly.
On the downside, the transaction speeds can be very slow, and the trading volumes are often low as well. As a result, the app is designed for most of an investment into coins where you sit back and watch how they do. This is an excellent market for those just wanting to put money into some cryptocurrency and let it sit for an extended period of time.
Hopefully, by reading through all of this, you will have begun to have an idea of what platform you wish to use. Go to each one and read the terms and conditions behind them and ensure that you can use them in the area that you are living in. Once you have cleared everything, put your money onto the website, and start trading. Before you know it, you will have plenty of money and capital on the website. What platform do you think you are going to use to trade?
