Therefore, you need to look for services that provide cryptocurrency exchange, meaning they will provide you with the right set of tools to buy and sell currencies such as Bitcoin, Ethereum, Dogecoin, and others.
eToro secures the top spot on our list of the best Bitcoin exchange platforms. It was founded in 2007 and has since been providing services for more than 13 million users.
In order to deposit funds, eToro offers you a wider selection of methods such as credit or debit card, wire transfer, PayPal, Skrill, Neteller, Giropay, Webmoney, China Union Pay, Yandex, and local online banking.
Aside from cryptocurrencies, the clients can also invest in commodities, currencies, stocks, indices, and other assets.
Its CopyTrader tool allows you to select a specific trader, and then the platform will automatically trade the same as your selected investor does.
You can choose to invest in copies of portfolios from the top-performing traders or invest in market portfolios, which can lead you to various investments.
In addition, its CryptoPortfolio product allows you to invest in the most popular cryptocurrencies.
eToro has launched its own cryptocurrency wallet that is compatible with mobile devices and is available for both iOS and Android users.
What you also need to take into consideration is that the base currency is USD, so if users need to convert to USD from other currencies, they can expect additional fees.
eToro provides its users with educational resources where you can learn everything you need or want to know about cryptocurrency and the stock market.
Many users stated eToro has helped them earn high profits, and they liked that the platform offers a variety of features for both experienced traders and beginners.
What this means is that you can use your credit card to buy cryptocurrency directly from the website.
What sets Coinmama apart from other crypto exchange platforms is that the company sells you coins directly instead of you buying coins from other people.
Additionally, another great thing about Coinmama is that it offers a larger selection of coins.
Coinmama accepts both debit cards and credit cards that are issued by Visa and Mastercard, and they are also accepting payments by bank transfer.
The minimum amount of Bitcoin you can buy on Coinmama is 60 USD, but the limit depends on your account.
For level 1, you will have to issue a valid ID and take a selfie with it along with a note saying ‘Coinmama’ and the date.
A significant thing to know is that Coinmama’s prices are set to USD and Euros, so the bank may access the best crypto exchange fee if you use another currency.
On that note, if a user stops buying crypto or reduces the amount, they can lose their loyalty ranking.
If your rank is ‘crypto curious,’ you will receive no bonuses, but as a crypto enthusiast, who is the second rank, you can save 12.5% on the final price on any order.
As a user, you will need to select how much you would like to buy, and then the site will share fractional shares of Bitcoin.
What we also liked about Coinmama is that its website is very informative about the services they provide.
Additionally, you can find Bitcoin and Ethereum calculators, which can help you convert Bitcoin into money and can assist you in checking the current rates, planning your investment, and making your purchase in the same place.
By reading through reviews from clients, we noticed an overwhelming amount of positive feedback for how easy the platform is to operate.
BlockFi offers its clients to borrow cryptocurrencies, earn interest, and then trade the holdings from the most reliable service providers.
At first, BlockFi was known as a Bitcoin savings account, but now it allows you to borrow Bitcoin and earn interest on your holding with its Interest Account System called BlockFi Interest Account .
What is great about this platform is that you get instant transactions, better prices than competitors, and interest accrual.
You can also buy and sell cryptocurrencies such as BTC, LTC, ETH, PAXG, and stablecoins, and you can trade cryptocurrencies using the mobile app as well.
If you do not want to sell them, you can use your crypto holdings as collateral, meaning you will still access your crypto while getting student loans.
Moreover, BlockFi allows institutions to secure crypto trading while borrowing or lending cryptocurrencies, earning returns, and enjoying other benefits.
If you are interested in getting a BlockFi rewards credit card, you need to sign up for an Interest Account, complete your profile, make a deposit, and then sign for the waitlist.
As of right now, the earning potential is 0.5% on all deposits, and the maximum commission that can be earned is $1,000.
Furthermore, if you sign up using the provided code and deposit $100 into BIA, you and your referred friend will receive $10 in BTC.
Additionally, mobile users can earn up to 8.6% APY on their holdings, and through the application, they can manage their balance, trade, borrow money, earn interest, etc.
However, you will be charged fees for withdrawals as follows: 0.0025 BTC per withdrawal, 0.0015 ETH per withdrawal, 0.0025 LTC per withdrawal, $0.25 stablecoins, and 0.0025 PAX6 for a withdrawal.
According to the reviews, most of the clients are satisfied with the excellent and helpful customer service team and the amazing features BlockFi provides.
Next on our list is one of the largest cryptocurrency exchanges on the market, with more than 56 million clients availing of its services every day.
Coinbase’s brokerage platform allows individuals to purchase and trade cryptocurrencies through it.
Coinbase is known to provide one of the largest selections of cryptocurrencies, with over 50 supported currencies available as of today.
After you are familiar with how buying and selling cryptocurrencies on Coinbase works, you can easily transfer to its pro platform.
Moreover, Coinbase allows you to see an overview of the market and the cryptocurrencies along with its pricing, market rate, and market cap.
Coinbase also allows users to buy, sell, trade, transfer, and store digital assets on the platform.
Their more advanced users have the version known as Coinbase Pro, and it provides additional features that are designed for more experienced cryptocurrency investors.
Coinbase has a fixed spread of 0.50% for crypto purchases and sales below $10,000 for its regular Coinbase users.
Finally, for a transaction amount of more than $50 but less than $200, you will receive a $2.99 fee.
If you create a new account, you will have a buying limit which you can increase by providing a phone number, personal information, and photo ID.
Regarding payments, Coinbase allows you to make a deposit using wire transfer, credit or debit card, and crypto deposits.
Moreover, Coinbase takes safety measures for its clients, which shows it takes the users very seriously.
Founded in 2017 in Hong Kong, Binance has grown to be one of the best cryptocurrency exchanges by trading volume.
Additionally, Binance provides a brokerage service that allows you to buy cryptocurrencies using a credit or debit card.
A refreshing thing to see is that as a user, you can choose between its basic, classic, and advanced interfaces for trading options.
In addition, you will be able to change your interface regarding spot trading as well.
This kind of trading supports users to trade with leverage of up to 10x on some of the coins, and it is available only for selected trading pairs.
With this kind of trading, the users are not buying or selling crypto, but they are taking advantage of the price fluctuation in order to make money.
Some of Binance newest financing features include Binance Savings that allows you to make a return of idle funds through flexible and locked account types.
On the other hand, Binance Smart Pool encourages miners to contribute to larger mining groups and split rewards.
Correspondingly, if you want to make a fiat deposit, the fee depends on the payment method and the currency as well.
There is a flat rate of 0.1% for users that do not require immediate liquidation, and for users that implement Future Trading, the fees are low as 0.02%-0.04% for both makers and takers.
Now that exchange platforms are introducing credit cards on the market, it is a sign that it will soon become a standard way of payment.
Regarding the feedback from the customers, Binance’s users are extremely satisfied with the wide selection of cryptocurrencies that are available for trading.
Most of the crypto exchanges allow users and investors to buy, sell, or trade some of the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others.
Fees are another essential factor you need to take into consideration, as every time you buy, sell, or trade crypto, a percentage will be deducted by the platform.
Before engaging in the market, we recommend you are aware of which crypto exchanges are available in your country, as not all of them are available worldwide due to financial regulations governing the crypto market.
The cryptocurrency market is newer compared to traditional investments, and therefore, you need to make sure the crypto exchange is reliable and not able to be hacked.
The security of your real-time market data and personal information is also a primary factor that should be taken into consideration.
The crypto exchanges can be centralized, meaning they are managed by a company that maintains the security of the trades, or they can be decentralized exchanges.
Every exchange platform has different requirements which depend on the cryptocurrency you would like to buy.
Every exchange has its unique registration process, but generally, there are several requirements you need to meet to be able to open a crypto exchange account.
In order to buy cryptocurrency, you will need to create an account on the chosen crypto exchange, and then you will need to obtain a wallet to hold your other digital assets.
According to many users, Bitcoin exchanges are very safe to use and invest in, as most of them take a lot of measures to ensure their client’s data and assets are safe.
In the final analysis, the cryptocurrency market is becoming more and more popular every day, and it is a new standard when it comes to investing in your future.
For this reason, make sure to take a look at our list of crypto exchanges and find the one that is the most suitable for you to start your investment career.