Top 5 Crypto trading apps you should try for success in trading carrier

Best Crypto trading apps: Top 5 Cryptocurrency Trading Platforms of 2021

bitcoin trading

If you’re looking to shop for bitcoin or trade cryptocurrency, it will be a really intimidating experience initially . With numerous bitcoin trading platforms to settle on from, each with their own drawbacks and advantages, how does one know which one is best for you?

To help you opt , we’ve put together this guide to the simplest crypto exchanges for 2021. We evaluated each cryptocurrency exchange on a spread of things including their available assets, fees, interface , features, and customer reviews.

Whether you’re a long-term investor in bitcoin or a lively crypto trader, here are the simplest cryptocurrency exchanges of 2021.

Top 5 Best Cryptocurrency Exchanges

Etoro: Best for beginners

BlockFi: Best for earning interest on deposits

Binance: Best for trading altcoins

Prime XBT: Best platform for margin trading

CoinBase: Most well-known crypto exchange

#1 EToro: Best Overall

Etoro is our top choice for trading the foremost popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Etoro is one among the most important crypto exchanges within the world with over 18 million users worldwide and over 20 million crypto transactions executed on the Etoro platform. Etoro is supported by over 140 different countries and is one among the foremost secure crypto trading platforms alive . 

Although Etoro doesn’t offer as many various assets to trade as a number of their competitors, they are doing offer the 14 hottest cryptocurrencies. Here may be a list of the crypto coins available on Etoro:

Bitcoin (BTC)

Ethereum (ETH)

Ethereum Classic (ETC)

Litecoin (LTC)

Cardano (ADA)

Neo (NEO)

Dash

Bitcoin Cash (BCH)

Stellar Lumens (XLM)

EOS

IOTA

TRON

ZCash

Tezos

Etoro offers a web-based trading platform also as a mobile app. The Etoro platform is basically easy to use, even for beginners. Here are a number of the features we like most with Etoro:

Demo Account – After opening an account, you’ll get $100,000 in virtual money to practice trading with. you'll use this demo account to experiment with trading strategies or to urge a pity the platform itself.

Social Trading – once you open an account with Etoro, you’ll be joining one among the most important communities of traders. you'll discuss ideas, share trading decisions, and talk strategy with other traders on the Etoro platform.

Copy Trading – This feature allows you to duplicate other traders’ actions in real-time. this suggests that you simply can follow other successful traders on Etoro and replica their trades to piggyback off their success.

CopyPortfolios – These are done-for-you portfolios of the foremost popular digital currencies. This feature is great if you would like to diversify with different crypto coins. These portfolios are rebalanced regularly and therefore the investments are overseen by Etoro’s investment team.

Trading App – The Etoro trading app is intuitive and straightforward . It allows you to trade crypto anytime, and anywhere. Whether you’re on your mobile , laptop, or tablet, you’ll have a spread of cryptocurrencies at your fingertips.

Etoro offers competitive pricing on all trades. They charge zero commissions and have zero hidden fees. Etoro prices its trades with spreads instead, which start at 0.75% for Bitcoin. However, it’s important to notice that the majority brokers charge a selection once you buy AND once you sell an asset, whereas Etoro only charges one spread (when you buy).

Overall, Etoro may be a great cryptocurrency exchange for trading the foremost popular crypto coins like Bitcoin and Ethereum. Its copy trading feature greatly increases your chance of creating a profit, especially for beginners.

Buy and sell 14 of the most important cryptocurrencies

Best crypto exchange for social trading and copytrading

Deposit funds via checking account or wire transfer

No commissions and low spreads on bitcoin and crypto

Click Here to go to the Etoro Website For More Info

#2 BlockFi: Best for Cryptocurrency Investing

BlockFi is quickly becoming the go-to choice for cryptocurrency investors. With BlockFi, you'll earn up to eight .6% interest on your holdings, borrow cash, and buy or sell crypto. BlockFi has no hidden fees and no minimum balances.

Why choose BlockFi as your crypto exchange? the rationale is straightforward . Unlike other cryptocurrency exchanges, BlockFi offers interest-earning accounts that allow you to earn money on all crypto you hold on their platform. this suggests that when a trade is executed, your new crypto asset will start earning interest the very next day. No other crypto exchange allows you to earn money on your deposits within the same way that BlockFi does!

Interest on your crypto holdings is paid out at the start of every month and therefore the interest is compounding. this enables you to form extra money from an equivalent investment than other cryptocurrency exchanges. The Annual Percentage Yield (APY) that you simply earn will vary from 3% to eight .6%, counting on the digital currency.

Another striking feature of BlockFi is that it allows you to borrow against your coins. instead of selling them once you need funds, you'll remove loans in U.S. dollars, a feature that helps you avoid selling during a down market. BlockFi crypto loans can get funded an equivalent day you apply and there are not any prepayment penalties or fees. Interest rates on their crypto loans are as low as 4.6% APR. 

To get started with BlockFi, you've got to go to their site to open an account. You’ll then be required to upload a clear photo ID. Most applications receive an approval within minutes, and you'll begin transferring funds immediately. 

Buy bitcoin and crypto and earn up to eight .6% interest, paid monthly

Borrow cash using cryptocurrency as collateral 

Best cryptocurrency exchange for long-term investing

Trading app allows you to manage your crypto portfolio from any device

Click Here to go to the BlockFi Website For More Info

#3 Binance: Top Crypto Exchange For Trading Altcoins

Binance is that the world’s largest crypto exchange and is our top choice for purchasing and selling altcoins. Binance features a whopping 1,400,000 transactions per second and over 2 billion in average daily volume.

Changpeng Zhao and Yi He launched the Binance cryptocurrency exchange, one among the simplest exchanges today, in China in 2017. Since cryptocurrency laws are strict in China, it relocated to Japan and now has headquarters in Malta.

Binance sports a coffee transaction fee also as a number of rock bottom prices within the industry. It only charges clients 0.1% on each trade and, while deposits are free, withdrawals cost money. However, if you employ the Binance-owned digital currency, BNB, you get a 50% discount.

One of the first reasons for Binance’s popularity is that the wide selection of cryptocurrencies it's to supply , which stands at quite 100 . These include notable coins like Ethereum, Litecoin, and therefore the lesser-known Zcoin.

The Binance crypto exchange is most appropriate for people who want to trade or invest within the best crypto altcoins since it's the very best altcoin trading volumes. Presently, Binance makes up a substantial little bit of trading volume regularly. Binance offers quite 100 distinctive trading pairs between various Bitcoin and cryptocurrencies.

Large sort of crypto assets to trade

Buy crypto with checking account , mastercard , or crypto transfer

High liquidity

Very low fees on crypto trades

if you go through this link you get 5% discount on every transaction

Click Here to go to the Binance Website For More Info

#4 Prime XBT: Best Bitcoin Exchange for Margin Trading

The relatively young Seychelles-based Prime XBT cryptocurrency exchange has achieved exponential growth since its 2018 launch, with clients from 150 different nations making it an appealing target for any new investor. It features several trading pairs and lower transaction fees than most. The company’s vision is to supply its users with the elemental tools they have for normal trading activities, including buying bitcoin and utilizing margin trading.

PrimeXBT charges a 0.01% fee for ForEx and commodities also as 0.05% for crypto.

Prime XBT is especially unregulated – a big reason why it operates in just a get few regions.

Prime XBT offers an incredible platform stacked with essential trade tools to assist both novice traders and experts exchange the simplest crypto. it's an easy onboarding process with 100% anonymity and no significant personal details. you'll register together with your email, found out a password, and accept the terms. the power to margin-trade cryptocurrencies and traditional assets sets it aside from the opposite platforms.

This company features a wide selection of asset classes, including:

forex

commodities like gold and oil

popular indices like the FTSE 100 and therefore the S&P 500

major cryptocurrencies like Litecoin and Ethereum

Therefore, if you're curious about diversifying your portfolio, Prime XBT could be the simplest exchange for you. However, an enormous downside is that it doesn’t serve clients from the U. S. and Canada thanks to local laws.

Trade the worldwide markets with bitcoin

Markets include crypto, forex, commodities, and stock indices

One of the simplest crypto trading platforms for margin trading

Low fees and fast order execution

Click Here to go to the PrimeXBT Website For More Info

#5 Coinbase: hottest Place to shop for Cryptocurrency and Bitcoin

Coinbase, which we concede to be the simplest cryptocurrency exchange, is that the most well-known and well-utilized digital currency exchange within the us . Coinbase is straightforward to use, which has helped it to become one among the world’s biggest crypto-broker exchanges, especially for Bitcoin. Brian Armstrong and Fred Ehrsam established Coinbase in 2012 in San Francisco , California, shortly after the arrival of the code of Bitcoin in 2009.

Coinbase charges a base of 4% for all transactions. Its trading platform, GDAX, incurs a 0.50% taker fee, contingent upon trading volume over a 30-day time-frame .

Coinbase may be a wholly authorized crypto exchange with licenses to figure in additional than 40 U.S. states. People have traded quite $50 billion in crypto on the Coinbase exchange since its establishment.

While the cryptocurrency industry has no shortage of faux coins and controversial exchanges, Coinbase has generally maintained a distance from controversies and provides convenient customer support. Coinbase offers a really simple-to-use interface, reducing any obstacles which will get within the way for digital money ventures that are already complicated enough. What makes Coinbase unique is that, as compared to standard exchanges, it allows you to purchase crypto using traditional currency.

Coinbase also offers the choice of insured custodial wallets for investors so as to make sure security. However, it's essential to think about that, if you've got lost money thanks to your own mistakes, this protection doesn’t have any bearing.

Coinbase’s free Coinbase Pro version has an alternate and fewer expensive trading fee structure also as more choices for trading graphs and indicators. Coinbase Pro is right for people who have achieved veteran status while trading with Coinbase, because it provides advanced features to the investor.

$5 in free bitcoin when signing up

Easily setup recurring buys for crypto investing

Coinbase app for Android and iOS

Over 100+ countries supported

Click Here to go to the Coinbase Website For More Info

Understanding the kinds of Crypto Exchanges

Before you continue choosing a cryptocurrency exchange that most accurately fits your needs, it’s better to wrap your head round the different sorts of exchanges and understand the basics behind all before picking the simplest cryptocurrency exchange for you. Finding the simplest crypto exchanges first requires understanding the way to select the exchange that’s easy to use.

Centralized Exchanges

Centralized cryptocurrency exchanges are basically private companies that permit different platforms engage in cryptocurrency trading. Such exchanges got to identify their users, and that they roll in the hay through the “Know Your Client” system. These exchanges witness active trading, higher trading volumes, and better liquidities.

However, centralized cryptocurrency exchanges don't run like Bitcoin; they need their own private servers, making them susceptible to attack. as an example , suppose that hackers compromised the servers of a centralized exchange that trades bitcoin and crypto altcoins. therein case, the whole exchange would experience significant downtime or maybe , within the worst-case scenario, leakage of users’ personal information.

Some notable samples of centralized exchanges are:

Coinbase

GDAX

Kraken

Gemini

Decentralized Exchanges

Decentralized cryptocurrency exchanges function a bit like Bitcoin does. They don’t have any centralization or main point of control. They operate through a network of computers under the control of people spread throughout the planet . If one computer malfunction or gets compromised, the network keeps running smoothly due to other computers within the network.

This system is in strong contrast thereto during which one company is running servers from one location, so decentralized systems are safer because they're far more difficult to attack and breach.

Decentralization also means no rules by a regulatory body or legal entity apply to them since no single person or entity runs these systems. Instead, a gaggle of people is participating who come and pass their own choice. Therefore, the users of decentralized exchanges don't got to reveal their identities and may freely use the platforms in whichever way they need .

However, decentralized cryptocurrency exchanges have their drawbacks. as an example , favoring digital currencies, they don’t allow the trading of fiat currencies. This makes them a less attractive option for beginners who don’t hold any cryptocurrency at the instant .

Moreover, users of decentralized exchanges got to remember the keys and passwords to their wallets in the least times, alternatively their money becomes unrecoverable – a problem unknown on centralized platforms. People have lost many dollars this manner .

Some notable samples of decentralized exchanges:

AirSwap

io

Barterdex

Blocknet

Factors to think about When Choosing a Bitcoin Trading Platform

Despite the presence of the many Bitcoin crypto exchanges, choosing the proper one is important for each aspiring investor out there. Here are the five major factors you would like to seem for before you create the choice .

Security

Security is an exchange best-practice and one you ought to consider initially else. you ought to make sure that the platform you've got chosen offers two-factor authentication, doesn’t have a history of being compromised, and features a diary for safeguarding its users’ data.

Trading Fees

If you're barely beginning, you'll want to save lots of on fees and accompany an exchange that gives lower prices and a user-friendly interface in order that you'll learn to the max in your beginning days without breaking the bank.

Ease of Use

The centralized exchanges provide beginner investors with a simpler , more user-friendly trading method and interface than the more advanced crypto wallets and P2P transactions. The users of centralized exchanges can easily log in to their accounts, check their updated account balances, and execute transactions on cryptocurrencies.

It would be best to settle on a Bitcoin exchange supported the convenience of use it offers, the cryptocurrency experience you've got , and its customer support. Whether you're a newbie looking to urge started within the digital currency world or a veteran, this simple use and intuitive interface will significantly impact your daily trading activities.

Selection of Assets

Deciding upon your portfolio’s assets is one among the foremost significant determining factors when choosing the simplest crypto exchanges. This selection impacts your profitability within the end of the day . Therefore, you ought to choose an exchange that gives the proper mixture of assets.

Payment Methods

Some crypto exchanges only accept PayPal as a payment method, while others are more flexible and have many other options, like employing a mastercard , open-end credit from your checking account , bank transfer, or wire transfer. It’s always best to travel with a platform that takes multiple payment methods.

Are Bitcoin Exchanges Safe and Reliable for Crypto Investing?

Just as within the case of trading commodities or government-issued securities or stocks, crypto investing carries with it a point of risk in the least times. Cryptocurrency price action is very volatile, which sometimes makes this type of investment even riskier than other trading options, although often more profitable. Furthermore, the “emerging technology” status of cryptocurrency and therefore the higher levels of monetary knowledge it requires to shop for and store digital currency safely increase the risks involved.

However, with cryptocurrency gaining mainstream status and becoming consistently more regulated and recognized globally, it's never been safer to take a position in digital currency than now. More and more people are adopting cryptocurrency for payment and selecting it as a viable investment. As this technology continues to realize further acceptance, evolving methods of shopping for and selling different trading pairs are making it a safer investment method than it had been , say, five years ago.

Here are the first financial risks linked with cryptocurrency:

Your coins might become compromised if someone accesses your private key

You may find yourself losing the private keys that offer you access to your coins

The value of the currency during which you invested might rapidly decrease soon after you buy it

Careful planning, strategy, and research can go an extended way towards minimizing these risks and ensuring that your investments become the simplest possible returns. aside from these primary risks, if your selection of cryptocurrency exchange may be a good one, you'll soon begin to count yourself among one among the millions who are earning profits worldwide. 

Things to Avoid When employing a Cryptocurrency Trading Platform

Actually trading crypto may carry tons of gain potential for aspiring investors, but at an equivalent time, it's significant risk. However, traders can significantly mitigate these risks by steering beyond a couple of behaviors or habits and taking the time to pick the simplest cryptocurrency exchange for his or her trading routine.

Here are a couple of things new traders should avoid as they navigate the terrain of cryptocurrency trading:

Don’t be influenced by trends

• Traders should avoid any hypes or trends just like the plague since it's going to not be a bright idea to follow the lead once they witness everyone jumping on the bandwagon. Digital currencies often reach new highs once they get into the spotlight and start drawing significant media or social media attention.

However, these upward trends seldom continue, and digital currencies tend to fall sharply during a short period afterward. those that buy late when the currencies have already peaked nearly always find yourself suffering losses.

A rule of thumb should be to base the choices on facts and research instead of herding or giving in to sentiments. 

Avoid risky Bitcoin exchanges

Relying on Bitcoin exchanges with histories of getting hacked or being particularly susceptible to attacks are often one among the simplest ways of losing money quickly. As a case-in-point: Bitfinex and Mt. Gox both underwent major hacks, leading to losses worth millions in digital currency. a method to scale back this risk is to settle on an exchange with an honest diary and no history of being hacked.

As you conduct detailed research, specialise in finding exchanges that have managed to accumulate a solid reputation, are around for quite a while , and have managed to service large user bases without getting hacked. counting on such exchange may find yourself being the difference between a serious loss and a serious gain.

Don’t believe emotions

The digital currency markets are quite volatile, and it’s often relatively easy for the large players to trigger price fluctuations. Once you enter an edge , you want to only exit it through a careful strategy instead of emotions. Evaluate things before selling because a fall in value doesn’t indicate that the currency dynamics have changed. it's going to be better to carry on for the nonce rather than selling; if you sell prematurely in an effort to exit a losing position, the value of the trading fees alone may cost you quite you think that .

You might also feel pressured or experience the “fear of missing out,” or FOMO, when a specific currency has risen unexpectedly and other people begin investing in it thinking that it'll continue to grow . However, it'd not be an honest idea to try to to so. an outsized majority of these investors incur huge losses and encounter significant portfolio declines due to the will to become a neighborhood of the trend and avoid missing out.

Final Thoughts: Which Crypto Exchange Is Best For Bitcoin Trading?

Each crypto exchange platform has its unique features and its own distinctive way of helping its users trade the simplest crypto. While some leading platforms offer a feature-rich interface, some lesser-known ones structure for the shortage of features with zero or low fees. Believe it or not, it’s easier to seek out a cryptocurrency exchange with zero or low fees than you think that .

We have outlined the simplest crypto exchanges here for your convenience. However, to completely harness cryptocurrency’s potential, you would like to pick an exchange platform that most accurately fits your needs. Additionally, make certain to thoroughly research the intricacies of cryptocurrency on your own, also because the customer support capabilities of every exchange before investing. As a beginner, you ought to be trying to find exchanges with high liquidity, low withdrawal fees, and lots of trading pairs.

Happy Investing! 👍