What Platforms to Use to Invest In Crypto

As a crypto investor, choosing one among the crypto trading platforms is one of the most important decisions you will make. As you likely already know, cryptocurrency is the new gold, and everyone wants to get their hands on it. Unfortunately, while some will go about it the honest way you’re planning to, some others could care less about honesty. Thus, before you begin investing, you need to ensure your assets and private information will remain secure.

If you’re ready to buy Dogecoin on paybis or any other cryptocurrency, we will give you the best platforms to use. As a bonus tip, we will also include what factors you should consider when choosing a crypto exchange platform.

The Best Platforms for Investing in Cryptocurrency

Several exchange platforms have come up since the cryptocurrency market became a hot topic in the world. Here is a list of some of the best crypto exchange platforms that you can use to invest in crypto.

• Coinbase

Coinbase is first on this list because it is the most popular and one of the best exchanges. The platform is easy to use because it lets you invest in various digital coins directly with USD. Coinbase currently offers over thirty virtual coins and tokens, including Ethereum, Dogecoin, Litecoin, and Ethereum. It features an easy-to-use interface and a high level of transparency, security, and trustworthiness.

• BlockFi

BlockFi is one of the best cryptocurrency exchanges available to cryptocurrency investors. It lets investors lend and earn interest on their crypto holdings, and you can borrow against them as well. BlockFi offers up to a $250 bonus when you deposit $25 and hold it for a specific length of time. The exchange platform is great because it doesn’t have commissions and fees and offers high interest on deposits.

• Kraken

Kraken exchange has a good collection of digital coins and tokens for old and new crypto investors. The platform stands out because they allow margin trading. However, Kraken is a real exchange and isn’t beginner-friendly; it isn’t as easy to use as others. The platform offers a limited coin section to US and international investors; it is one of the few that allows Doge trading.

• Binance

Binance is another great platform for investing in cryptocurrency, especially the not-so-popular options like Neo and Cardano. The trading platform is one of the most robust on the market with a decent app. The downside to this exchange is that it isn’t easy to use and has limited coins and tokens to invest in.

• eToro

eToro exchange has been around for some time throughout Europe, especially in the UK. It is open to traders in the US, offering a plethora of digital coins to invest in. The platform has a practice trading account letting you “test the waters” before you enter crypto investment fully with real funds.  eToro has worldwide crypto trading options, can copy other traders’ portfolios, and lets you start with small crypto investments.

How to Choose a Crypto Trading Platform

The first step in buying cryptocurrency and selling, after learning what it is about, is choosing the right platform. Considering the number of exchanges available on the market, choosing the best one may be tough for a new investor. Below are important things to consider when choosing your preferred cryptocurrency trading platform

• Fees

Consider the platform’s fee structure before you invest in it. Knowing the platform’s fee structure helps you know what you should expect when you start trading. Exchanges have different fee structures; what you want to be concerned about are hidden fees. The idea is to not invest on a platform that charges hidden fees.

• Security

The security and authenticity of the trading platform are important because they determine the safety of your transactions. You don’t want to be a victim of scam platforms where traders have lost billions. Thus, check the platform’s reputation and security protocols before you start investing with it.

• Supported Coins

If you’re investing in Bitcoin or Ethereum, you typically won’t need to worry about this because most platforms support them. However, if you’re trading in less popular coins, you want to check to ensure the platform supports them.

• UI/UX

The user interface and user experience of the platform are also important to your success as a crypto investor or trader. Look for a trading platform with an intuitive user interface and great user experience to make crypto trading easy. Also, check the platform’s customer-related functionalities, including customer service, before signing up.

After learning how to buy cryptocurrency, choosing the best platform to trade with is the next critical step. There are numerous cryptocurrency exchange platforms to trade with, making the choice tough for new investors. If you’re a beginner cryptocurrency investor, you want an exchange with a beginner-friendly user interface promising a great user experience. This stage of choosing an exchange platform is critical because your entire career as a crypto trader or investor depends on it.