Exchanges are the platform that has a liquidity pool, from where the investment is initiated. But most of the investors have been confused and not able to decide from which platform they should start the investment. Although there are multiple choices of platforms like Kraken, KuCoin, Coinbase, Coinmama, Binance, SushiSwap, and many others.
All these platforms are where you can start trading in cryptocurrencies, if you are new to the crypto platform and looking for a good investment exchange then this article is for you.
Here we will discuss some of the popular exchanges from where you can start investing in crypto.
Binance
Leading cryptocurrency exchange Binance was established in Hong Kong in 2017, Binance is one of the most popular exchanges that helps you invest in crypto. It supports the majority of widely used cryptocurrencies. It also offers a wallet where the investor can store crypto for long terms. Here the investors can earn profit in the form of interest. It charges the least fee for transactions. Additionally, it has a high level of liquidity and gives consumers discounts if they pay using local BNB cryptocurrency tokens.
To start investing in crypto on Binance you need to set up your account on Binance and afterward, you can start trading on this exchange. You can download it on mobile devices from the app store, or on a desktop and you can also use it in a web browser.
- Download the Binance application for mobile devices (Android, IOS)
- Download the Binance application for Desktop
- To set up an account on the web application
Coinmama
Coinmama is another leading trading platform, headquartered in Israel, and originated in 2013. It helps you to sell and buy crypto by connecting a debit card, credit card, or bank account. It supports cryptocurrencies (BTC, ETH, LTC, BCH, XRP, DOGE, UNI, LINK, and XTZ) and is governed by FinCEN and FINTRAC. It only supports the android platform and does not support cryptocurrency staking.
Apple Pay Credit Cards, Debit Cards, Google Wallet, Skrill, Swift, and Wire Transfers are all accepted payment options for Coinmama. For Coinmama, a $30 minimum deposit is necessary. Additionally, it has 2.2 million active users.
In addition, it has a user-friendly design and a high level of security. Coinmama charges a 5% withdrawal fee. It is accessible in 188 nations, including the majority of American territories, and to start investing in crypto on Coinmama you need to install an Android application.
Coinbase
Coinbase is also an exchanger, its headquarters are in California, USA, and originated in 2012, It is also used to buy and sell or trade crypto. It is controlled by CBol and it supports (BCH, BTC, ETH, LTC, XRP, IOTA, NEO, EOS, FIL, WBTC, SHIB, and BNB) as well as enables crypto staking It is accessible on both iOS and Android devices.
Wire Transfer, Visa, Western Union, and Coinbase Silvergate Bank are all accepted payment platforms. Coinbase offers a $0 minimum deposit requirement and 13.3 million active users. It doesn’t offer privacy and comes with a built-in wallet. There is a withdrawal fee of up to 3% and it is user-friendly and secure as well as it is not accessible in all nations.
To start investing in crypto on Coinbase you need to install the application on mobile devices (IOs, Android). Furthermore, you can set up an account in a web application.
- Coinbase for Mobile devices (iOS, Android)
- Coinbase for web application
Conclusion
Exchanges provide the platform through which investments are made and have access to a liquidity pool. However, most investors are baffled and unable to choose the platform from which to begin their investment. Even though there are various platforms to choose from, like Kraken, KuCoin, Coinbase, Coinmama, Binance, Sushiswap, and many others.
