Cryptocurrency, particularly Bitcoin, has been a technology buzzword since 2013. People that acquired Bitcoin at $20 back then are millionaires now. Their success has inspired many people to seriously consider investing in blockchain technology and earn money by actively purchasing and selling crypto.
On the other hand, thousands of traders have become victims of a scam and lost their funds because of trusting fraud platforms. Because so many people have suffered financial losses, it’s too difficult to find a trustworthy exchange platform nowadays.
However, this difficulty shouldn’t keep traders away from purchasing and converting digital currencies. The process is safe when you use the right platform.
Here are several first-class cryptocurrency exchange websites recommended by users.
1. Binance
Binance is the number one choice for beginner traders and experienced investors. It has a transparent commission system. Their share is 0.1% of every transaction carried out on the platform.
Binance has its digital currency called BNB. Hence, you can easily swap BNB to MATIC within seconds.
This platform is an ideal option for people concerned about the security of their funds. It provides users with a special insurance package that guarantees their money back if the system gets compromised.
2. Coinbase
Coinbase is another top-level exchange platform suitable for beginner investors. It supports fiat money – digital currency exchange, which is a most demanded feature by novice traders. Besides the well-known Bitcoin, the platform also supports cryptocurrencies like Litecoin. However, unlike Binance, the Coinbase transaction fees are a little higher – 0.5% of every transaction.
3. Bittrex
Bittrex positions itself as an instant cryptocurrency exchange that has never been hacked. The operation of the platform is legitimate. It complies with US laws. Bittrex supports multiple digital currencies and charges a 0.25% transaction fee from every successful deal. Another amazing thing about this exchange is that it’s available worldwide.
4. Gemini
Gemini has become a popular crypto exchange platform due to its strong security features, strict registration procedures, and relatively low transaction commission. Like most well-known exchanges, it positions itself as a leading and profitable Bitcoin and Ethereum converter. The platform requests to upload an ID during registration. On the one hand, it enhances other users’ security, on the other hand, exposes users’ identity.
5. LetsExchange
Unlike Gemini, LetsExchange doesn’t require complicated registration and verification. It simplifies the exchange process, and users can start converting their currencies in no time. The speed of the transaction depends on the selected network, but LetsExchange guarantees successful transactions within seconds. Users love that this platform stores neither their funds nor personal information. Hence, there is no risk of robbery.
Final Thoughts
Experience has shown that cryptocurrencies are popular ways of making money. Bitcoin has proved that becoming a millionaire overnight isn’t a dream. However, a lot depends on the platform used for keeping and exchanging currencies. Why? It’s because the risks of cyber-attacks and robbery are always high. That’s why the first thing that world-class crypto exchanges pay attention to is security. Some platforms have gone even further and provided insurance in case users’ money gets stolen.
