With every passing day, the concept of cryptocurrency investment is gaining popularity across the globe. People understand its functionalities and benefits, which leads them towards trading cryptocurrencies. While we talk about cryptocurrencies, bitcoin is the first one that crosses our minds, and Oil profit are like a craze in the world.
However, before trading bitcoins or any other cryptocurrency, there are several facts and aspects to know to make the process easy and convenient. One of the initial stages of bitcoin trading is registration on a crypto exchange platform. There are numerous crypto exchange platforms with their benefits and features, and the Bitcoin Era app is one of the remarkable ones. However, there are other bitcoin exchanges discussed in the article.
Top Crypto Exchange Platforms Of 2022
The year 2022 has added another feather on the cap of the bitcoin trading market with growth in crypto exchange platforms. The top crypto exchange platforms of 2022 include eToro, Binance, Coinbase, Webull, and Kraken. Each has a unique benefit that makes them stand out. Hence, let us discuss each one by one and discover what they have in store.
eToro holds a remarkable position in the crypto exchange platform list. It is under the governance of top regulating bodies in the crypto world. Here are the features of eToro that make it considerable.
- Forty different currency exchange options are available, including bitcoin.
- Fourteen crypto crosses enhance the trading options for the users.
- The best part about this crypto exchange, as studies indicate, is the low trading fees. It includes no transaction, opening or closing fee, and just the spread fee.
- Bitcoin trading spread charges are as low as 0.75%, making it suitable for bitcoin trading.
- It works best for traders with low start value as it allows investments as low as $10 for each trade.
- It provides numerous options for deposits and withdrawals, such as credit/debit cards, bank transfers, e-wallet, PayPal, etc.
- Free crypto wallets are available on all devices, whether Android or iOS.
- The users can access informative articles and videos regarding the trading process on the eToro Academy platform.
Hence, considering the features of eToro, the traders can decide whether to register here or not.
Coinbase is another crypto trading platform with growing popularity as one can watch its advertisements now and then. It excels in the trading volume compared to other platforms and provides the traders with two options for using it. The standard platform is the general version of this crypto exchange, while Coinbase Pro comes with additional features, such as a low trading fee. The platform provides 130 different crypto assets to invest in and earn staking rewards. Hence, one can even consider coinbase as their crypto exchange platform.
The traders looking forward to using bitcoins can consider this the best bitcoin trading platform due to its high asset selection criteria. Here are the features of Binance that the users can follow.
- It has a high trading volume of $19.7 bn.
- The users can utilize 500 crypto investing options, and it includes ERC-20 tokens and niche altcoins.
- It also has a low trading fee and charges 0.1% for opening and closing trades.
- The traders can develop a clear understanding through technical indicators and charting facilities on the platform, making a convenient trading option for beginners as well as experienced traders.
- The users can experience even 25% lower trading fees with Binance’s native cryptocurrency.
So the traders can use this platform for high assets on bitcoin trading and additional features.
Steps To Buying Bitcoins- Here Are Points To Note
Before buying bitcoins, the users must understand numerous terminologies and concepts related to cryptocurrencies, and one can use these steps to buy Bitcoins.
- At first, users are to choose a crypto exchange platform where they have to register themselves for a new account to start trading.
- The platform shall ask for the payment option, and the users can choose a payment option that suits them the best.
- The next step is to place an order for bitcoins after the account verification process and money deposit into the account.
- Finally, the users can store their bitcoins and trade with ease and convenience.
Based on the mentioned-above points, enthusiast Bitcoin traders can choose to start trading with ease. Happy investing!
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