Best Cryptocurrency Trading Sites for 2020
Cryptocurrency - the most exciting way of trading in today's market. It is everyone's opportunity to get rich fast, only if they know what they are doing. However, crypto trading requires a lot of skill and knowledge, and you are more likely to lose high amounts of money if you act carelessly. Nevertheless, everyone loves it and wants to get into the business. With the rise and popularity of cryptocurrency trading, there are more and more trading sites showing up online. Since they will keep your money in their wallets, it is crucial to know what sites are good. With that in mind, I bring you the best cryptocurrency trading sites for 2020!
Best cryptocurrency trading sites for 2020
It is of utmost importance to stay safe in the world of cryptocurrencies. That is why you should use only verified trading sites. Today's article will cover some of the best trading platforms for 2020:
I would like to start with CEX.io since this is the website that got me started with cryptocurrency trading. It is a dinosaur amongst many other sites, but still very active and excellent for beginners. The user interface is very easy to follow, and it offers many options.
The website is UK-based, and it is in business since 2013. You can deposit fiat currencies, like pounds, dollars, euros, etc, and use them to buy and sell Bitcoin, Ethereum, Stellar, Ripple, and many others. Another advantage of CEX.io is that it offers the option of buying cryptocurrencies via credit or debit cards. That is especially useful for beginners, as it is an easy method.
Once you register at CEX, you should go to Cards, set up and verify your payment details, and you are ready to trade! Just have in mind that the verification process takes from 24 to 48 hours. Furthermore, CEX has also developed an application for both Android and iOS platforms.
Coinbase is another very popular trading platform. It has the same option of depositing flat currencies like CEX. Furthermore, you can easily withdraw your money with Ledger Nano S or Trezor devices.
It also has an option of trading by using credit or debit cards. To start trading on Coinbase, you should:
- Register a new account
- Finalize photo ID verification
- Add payment method on the payment methods page
After that is done, you will have to allow Coinbase to make two small transactions in your local currency, as a way of verifying the authenticity of the account. The transactions will be between 1.01 and 1.99. You should check your credit card statement, and enter the amounts in the app to proceed.
If you are looking for a professional trading platform that offers the option for both beginner and advanced crypto analytics, BitMEX is the place for you. It is in the ownership of developers, economists, and algo traders, and it is most definitely one of the busiest sites today.
There you will find all the tools and techniques necessary to get into the cryptocurrencies or improve your trading skills. On BitMEX it is possible to trade with Ethereum, Litecoin, Cardano, Bitcoin, Bitcoin Cash, and Ripple. The registration process is done via your e-mail ID.
Changelly is a perfect solution for everyone looking for an easy-to-use crypto exchange. While it does require a sign-up with your e-mail ID, you are completely skipping the KYC process that can be quite tedious.
The array of cryptocurrencies it supports is large, and there are over 35 different currencies to trade with. The entire process is quite easy, you only need to convert one currency into another and that's it!
You should also know that they charge a fee of 0.5% from each trade. That is a standard fee to cover the risk they bear on behalf of traders. This fully legit website also has the option to trade in USDT, which is crucial for any microtransaction exchanges.
This phenomenal crypto exchange has an interactive and simple UI, and it became quite popular in the past year. It is among 25 of the best sites on the CMC list, and it will remain there for a while.
It is also important to know that they keep adding new coins and tokens on a regular basis, so the entire exchange will only grow larger. You can also earn a passive income in the form of the exchange fee, by purchasing their native coin, KuCoin Shares, also known as KCS.
I saved the best for last! Welcome to Binance, the exchange that needs no introduction. A ruler amongst other sites, it is one of the most popular trading platforms for cryptocurrencies.
Its best features are easy and simple UI with options to switch between two modes, tools, and analytics for beginner and professional use, and well-developed mobile apps for Android and iOS. Furthermore, their native BNB tokens are fantastic! They secure you a 50% discount on trading fees! Believe me, if you are planning to go into the crypto business and become a serious player, that is a huge advantage.
Security above all!
Since I am promoting security by suggesting these legit and functional trading platforms, I also want to emphasize the importance of having a secured online wallet. The best way to keep your money safe is to use multi-signature wallets. With the increase in popularity of cryptocurrencies, hacker attacks on e-wallets are becoming more and more present. By securing your wallet, you are keeping your money safe.
Hopefully, I gave you a small insight into the best cryptocurrency trading sites for 2020. I advise you to go out there, get your hands dirty and experiment. Discover what is the best UI for you, and find your currencies to trade with. Good luck and remember to stay safe and smart!