Cryptocurrency trading is buying and selling digital coins via an exchange. Such exchange platforms help you speculate on cryptocurrency price movements and ongoing trends. You can buy if a coin rises in value and sell if it falls as per your interest. You need to put in a large deposit to gain full exposure to the underlying market. Your profit or loss are still calculated according to the position. However, cryptocurrency is secured by blockchain technology.
The most popular blockchains are being used for generalized distributed value exchange. The cryptography list consists of signed; irrevocable transactional records shared by all participants in a network. Each record has a reference link to previous transactions. The decentralized state transition handles the life cycle of digitalized assets and records operations in a distributed ledger.
How do cryptocurrency markets work?
A central authority does not back cryptocurrency markets. They are run by a private network of computers. Crypto coins are bought and stored in decentralized wallets. Cryptocurrencies exist as a shared digital record stored on a blockchain. When a user buys or sells cryptocurrency, the transaction gets recorded. The transaction isn’t considered final until verified and added to the blockchain. Blockchain works by recording transactions in ‘blocks’, and new blocks get added at every transaction. Across global supply chains, healthcare, government, financial services, and many other industries, innovators are exploring ways to use blockchain!
Here you can read about the most popular blockchains exchange used in 2021
#1 BlockFi
BlockFi is one of the highest interests gaining crypto blockchains in the market. It offers 8% interest on your cryptocurrencies annually; this figure beats most of the best savings’ platforms. BlockFi allows users to borrow against existing coins if the person needs instant cash. Instead of liquidating the assets, the user can take a loan from the platform. The platform’s vision is to give credit and banking quality administration to the business sector. The platform gives a 7.5% premium for keeping crypto on record. So, if a person is in an emergency and needs to auction cryptocurrencies for cash, they can do so easily. BlockFi trades with the most popular blockchains; the coins include Ethereum, Gemini Dollar, U.S. Dollar (USDT), etc.
Perks-
- Simple user interface
- High-interest rates
- No commission charges
- Unlimited account size
- Available for global users
- $5 worth of free Bitcoin
#2 eToro
With over 20 million-plus users around the globe, eToro made it to the top most popular blockchains because of several factors. First, the platform is well secured and easy to use. It has a decentralized crypto wallet where you can save your coins. The wallet can hold diverse cryptocurrencies without a moment’s delay. E.U. investors or non-U.S. traders can trade, stocks, commodities cryptocurrencies, etc., here. eToro is widely used because investors can copy the trades of top traders here and get similar results. Once you open an account here and start trading with at least $500, you will get $50 free on the platform. But on this platform, you need to have necessary documents for verification, such as proof of address (POA) and proof of identity (POI). The platform supports traders from over 140 countries in the world. The platform charges commissions 2.90%. However, the minimum amount to deposit on this platform is $50. eToro holds the funds until a week of depositing. Withdrawals are held for 24 hours.
Perks-
- Safe and secure service
- Bitcoin wallet is available
- Beginner-friendly
- Simple interface
- Educational resources and support are available
- Copy trails of successful traders.
#3 Binance
Binance is one of the best and fastest crypto exchange platforms. It offers around 150 cryptocurrencies for exchange purposes. The reason it is one of the most popular blockchains is; its bitcoin wallet. The platform is made for people who invest in fewer coins, and that is why it has 50 different cryptocurrencies for traders. The user education, Beginner and Advanced charting, and myriad trading options are available worldwide. Binance remains the largest when it comes to global trading. The platform is in the top position because it accommodates different languages.
Perks-
- User-friendly platform
- No trading fees
- Offers mobile access for Android and iOS
- Gives bonuses
- Provides 24/7 customer support
#4 Coinbase
Coinbase is known for viewing crypto prices and charts. Many crypto exchanges face many challenges and security issues, but Coinbase works hard to stay one step ahead of these problems. The platform claims they have never had a security breach since their inception. Coinbase is used globally and is one of the most popular blockchains according to the coin market. Recently, it has included over 100 currencies in its asset directory list. Here users can see Algorand, Ethereum, Bitcoin, Litecoin, and other crypto coins. After passing through the necessary financial regulations, Coinbase operates in the US. It is known for beginner’s fiat trading.
Perks
- Free app with a user-friendly interface
- Excellent security
- Beginner-friendly
- No charges for withdrawals
- Charts and indicators for tracking your investments
#5CryptoPerformance
CryptoPerformance is a crypto blockchain and tech platform operated by some of the best and experienced crypto experts and operates under the rules of financial, operational and legal safety. IT is a trade platform for crypto currencies which offers a platform for the inexperienced user, where everything is user-friendly and understandable! CryptoPerformance provides a safe and secure platform for its users to buy and hold crypto worldwide with other user benefits such as payment processing and e-wallet services, foreign exchange.
Perks
- User-friendly and understandable platform
- easy to use for inexperienced user
- buy and hold crypto worldwide
- Buy coins securely
- Online Support with an excellent Support-Ticket-System
- Buy more than 10 innovative cryptocurrencies
Closure
These crypto exchange platforms mentioned in this post are some of the most popular exchanges which provide secure, easy to access, and convenient to trade interface for its users. As storing the crypto currency securely is also a challenging part, most of these exchanges also offer excellent storage options for users who want to protect their crypto assets from hacking and thefts with other benefits. It is always recommended to do a deep research of the exchange platforms and evaluating all the aspects carefully the before you invest!
