Binance:
Binance enables users to buy, sell, and trade cryptocurrency with low fees. They will also have the option to earn interest on cryptocurrencies by staking for a long period to earn an interest rate of between 0.5% to 10%. Investors can buy tokens on binance in several ways, including Paypal, bank transfer, credit card, and debit card. The platform is simple to use, with a supportive team that is always available to answer all customer queries.FTX Exchange:
FTX exchange is created by Alameda Research and is a leveraged cryptocurrency exchange that offers derivatives trading. The platform was founded in 2019 and offers unique products such as indices trading, enabling traders to have exposure to a variety of tokens in a single contract. Depending on the country, the exchange offers several other features like leveraged trading, market predictions, and more. Even though it is one of the newly launched platforms, FDX has become one of the most trusted crypto exchange platforms for investors.
- Kraken:
Kraken is highly popular among European cryptocurrency enthusiasts due to its wide range of features. Kraken was founded in 2011 and launched in 2013. The platform provides a wide variety of cryptocurrencies to trade. Currently, it supports over 200 traders globally. Kraken offers margin trading and futures trading platforms. Institutional traders can take help from experts through one-on-one consultations, account management support, and more.
Quantum AI:
Quantum AI is an automated trading exchange with a huge selection of crypto pairs. It is the world’s first quantum computer to use its crypto market scanning software to give its users signals on what to buy and sell. This platform operates on the blockchain to ensure complete transparency and also does not work with unregulated brokers.WaxizX:
WazirX allows the users to invest using INR, dollar, BTC, and even P2P. The platform also has its coin called the WRX that can use bought using INR, and then WRX can be used to buy other cryptos. One of the most popular features provided by WazirX is that the investors can earn coins through several contests that are available on the info section of the app.KuCoin:
KuCoin is a relatively new crypto exchange that has rapidly developed a dedicated fanbase due to its intuitive design and a high degree of security. This platform is highly regarded because of its large number of cryptocurrency pairs, which means users can purchase a wide variety of cryptos. Its only drawback is that is a crypto-only platform and investors will have to use another exchange to purchase coins with fiat currencies.Bitfinix:
Bitfinix is a crypto exchange that strives to provide its users the ultimate trading experience by providing them with innovative trading tools and unparalleled levels of customer service. The platform offers books with top-tier liquidity, allowing users to easily exchange bitcoin, ethereum, ripple, and NEO, to name a few.
CoinDCX:
CoinDCX is recognized as one of the most versatile trading applications for crypto assets in India. The whole account setup procedure has been simplified using a one-time password (OTP) that is sent to the users’ registered mobile number and email ID.Cash App
Cash App is a peer-to-peer money transfer system much like Venmo. This service allows users to split food, pay rent to a roommate, or even shop online at a retailer that supports Cash App. Cash App can essentially act as a bank account, and users can have their own Cash App debit cards.
Cash App also allows its users to invest in stocks, exchange traded funds (ETFs), and Bitcoin. The mobile-first interface that this exchange uses is very easy to figure out and use, making it ideal for a first-time investor.
While its main feature is money transfers, it also has a basic cryptocurrency investment feature. Cash App allows users to withdraw cryptocurrency investments to their own wallets, which is the main reason we chose Square’s Cash App over Robinhood as the best option for beginners looking to buy Bitcoin.
The ability to withdraw cryptocurrency from an exchange is extremely important in the cryptocurrency community. With Robinhood, you can invest and trade cryptocurrency, but you cannot withdraw and spend it how you wish.
One drawback is that you still don't control the private keys, similar to Coinbase. Many cryptocurrency communities refer to this concept as “not your keys, not your coin.” This means that if you do not hold the private keys to the wallet the coins are stored in, they are effectively not owned by you.
- coinbase
While the cryptocurrency industry has been fraught with fraudulent coins and shady exchanges, Coinbase has largely avoided any controversy. Coinbase offers an extremely easy-to-use exchange, greatly lowering the barrier to entry for cryptocurrency investment, which is typically seen as confusing and convoluted.
Coinbase also offers insured custodial wallets for investors and traders to store their investments. They carry insurance against data breaches and hacking, and your cash is stored in Federal Deposit Insurance Corporation (FDIC)-insured bank accounts, which is important since users have reported accounts being hacked and funds being drained. The Coinbase custodial accounts are very convenient for newer users just getting their feet wet, but Coinbase owns the private keys to the coins, not the investor.
Additionally, Coinbase also offers the Coinbase Pro version with the same fee structure but significantly more options in terms of charts and indicators. Coinbase Pro is a perfect next step for those who have learned the ropes using Coinbase, and it helps round out the overall offering by adding features that the more advanced user would want.