Despite the recent pullback, the current year has been an incredibly momentous and eventful year for cryptocurrencies. Everyone is eager to know what is in store for this intensely popular asset class and technology in 2022. Bitcoin attained multiple heights during 2021 since it gathered strength with increasing institutional buy-ins. Moreover, more and more people seem to be fascinated by this new asset class. Ultimately, the interest has gone beyond investors’ circles and has penetrated the larger culture.
Experts at Forbes have warned that since Ethereum, Bitcoin, and other cryptocurrencies are encountering stricter global central bank policies along with other assets and global stock markets, the Bitcoin price may dip dramatically in the upcoming year. More and more cryptocurrencies are being introduced in the market; hence, investors enjoy far more options for exchanging their hard-earned money for decentralized digital currency. However, people are worried about the security of cryptocurrency exchanges.
Let us explore some of the top cryptocurrency exchanges dominating the scene today. A host of parameters may impact your decision, while choosing a cryptocurrency exchange or trading platform: ease of use, security measures, number of coins, and trading fees. All these factors go a long way in determining the most suitable cryptocurrency exchange for you.
Coinbase is today one of the incredibly popular cryptocurrency exchanges across the globe. Coinbase has been in vogue since 2012. It was run by Coinbase Global Inc. Coinbase is now a much-improved version with time and age. It is one of the best and most popular cryptocurrency exchanges particularly, for beginners. Coinbase is certainly known for ease of use while purchasing, selling off, and even storing cryptocurrencies. You could stay abreast of the new crypto projects, alternative coins, and the latest developments in the digital assets world. The platform boasts of a pretty straightforward onboarding process, and a user-friendly interface plus, it offers free $5 in Bitcoin to open an account. All these factors make Coinbase a fantastic platform for new traders to start their journey. For experienced and expert traders, Coinbase presents Coinbase Pro that offers advanced charts and cutting-edge cryptocurrency trading tools.
Binance has been in circulation since 2017 but has fast taken the crypto world by storm. Binance today, is one of the biggest cryptocurrency exchanges, with over 500 cryptocurrencies across the globe. Moreover, it is today available in over 180 nations. Binance is constantly inCrypto news. It has gained incredible popularity because it gives crypto traders the freedom to transact with almost any alternative coin available in the market today. Moreover, on Binance, you may start trading for a token amount of just $1. It is a safe trading platform.
Gemini is certainly one of the most trusted and reputed names in the crypto world. The platform takes immense pride in its compliance and security. The two stars of this popular platform are Ethereum and Bitcoin. However, this popular exchange allows over 50 cryptocurrencies that could be traded on this platform.
We have discussed just the three best cryptocurrency exchanges. If you want to start cryptocurrency investing or trading, it is critical to choose the best exchange to achieve your goals.