Best Platform To Trade Crypto Currency

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Best Platform To Trade Crypto Currency

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Best Crypto Exchanges & Apps For 2024

Although cryptocurrencies have become popular in recent years, only a small percentage of Americans have actually traded them. Among the most popular cryptos are Bitcoin, Ethereum, and Cardano, each of which has seen a lot of activity during price rises and falls. The appeal of traders? An opportunity to make a lot of money from the volatility of this highly speculative asset.

Traders have more and more access to cryptocurrency. New exchanges and trading platforms have emerged due to the widespread interest in crypto. In fact, you probably already have an app on your phone that lets you do business. For example, if you have a PayPal or Venmo app, you can buy and sell at least a few different cryptocurrency coins. However, some apps and exchanges give you access to a wider selection of cryptocurrencies – literally thousands – or offer other benefits such as lower costs.

Below are some of the top crypto trading tools and exchanges and some important things you need to know.

The platforms below include dedicated crypto exchanges, online merchants, and money and payment tools. We’ve included prices and the number of coins you can trade to give you an idea of ​​the size of each app or exchange.

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If you’re interested in trading the biggest cryptocurrency, especially Bitcoin, it might not make sense to use an app that offers you many other currencies. On the other hand, if you want to sell something now, consider an app or some kind of exchange.

Binance.US, the American branch of the giant Binance, is one of the best crypto exchanges due to its low transaction costs. Bitcoin traders can trade commission-free, while the price of other coins is on a sliding scale for higher traders. Additionally, if you use Binance coin BNB to pay trading fees, you will receive a 5 percent discount.

You can also trade over 150 different cryptocurrencies on Binance, so you shouldn’t have a problem finding what you want, especially if you just want to trade the most popular coins.

The SEC sued Binance in June 2023, alleging that it illegally acted as an exchange, broker-dealer and clearinghouse and offered and sold unregistered securities. The lawsuit also accused Binance and founder Changpeng Zhao of misusing customer funds. SEC Chairman Gary Gensler warned against using Binance’s platform, while Binance said its customers’ assets are safe.

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In November 2023, Binance and Zhao pleaded guilty to federal charges and agreed to pay a $4.3 billion fine. Zhao also agreed to step down as CEO of Binance. The SEC case is pending.

Coinbase is a dedicated cryptocurrency exchange that allows you to sell a group of digital currencies, hundreds in the latest issue. This list might scratch your crypto quiver as it includes most of the most popular coins, including Bitcoin of course. But what do you pay if you use the basic service? Unfortunately, Coinbase has been more cautious about what you pay to trade, recently hiding the fee structure on its website.

Visually, the structure of the charge is complex, to say the least. You pay a declared markup of 0.5 percent and a transaction fee that depends on the size of the transaction and the source of funds. With Coinbase Advanced Trade, you pay it

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