The Best Platforms To Trade & Sell Cryptocurrency
The topic of cryptocurrency to a new user can seem intimidating, but following the right steps will leave you comfortable with your decisions in your wallet. One of the top priorities in achieving financial satisfaction through trading and selling coins will be to choose the right platform for these actions.
So, Which Platform is Best To Trade & Sell Cryptocurrency On?
- Many popular virtual cryptocurrencies are available
- EToro’s CopyTrader™ system
- Personal wallet storage
- Not available in every state
- Chat support takes a while
- Longer withdrawals (up to 8 days)
Started as just a small brokerage in 2007 and has grown into a popular exchange over the last 15 years. There are over 15 tradeable cryptocurrencies, including bitcoin, dogecoin, and many others. A personal coin wallet is also available within Etoro’s interface, which allows users to safely store any coins they have.
EToro is a worldwide brokerage that provides users with a number of tools to help them become outstanding investors, including the eToro’s CopyTrader™ system etc. Alongside numerous educational resources and video guides that give you an in-depth understanding of cryptocurrencies. Taking advantage of the sites’ tools will give the user a step up.
“With eToro’s CopyTrader, you can automatically copy top-performing traders, instantly replicating their trading in your own portfolio.” – eToro’s CopyTrader™ system etc
In spite of eToro being a well-rounded exchange platform for new investors, it has some downsides. Many users complain about unresponsive support when they have problems, such as slow withdrawals. Etoro is available only in certain states right now, but it has a worldwide reputation. Check this eToro availability map to see if your location qualifies.
- Pay $0 in account opening and fees
- 24/7 customer service with chat support
- Extended trading window times
- U.S. clients only
- Only allows usage of bank transfer to deposit and withdraw
Under the ownership of Fumi Technology, this platform began as a small research company. Since 2017, they offer an electronic trading platform that does not require a minimum deposit or commissions on stock trades. Webull also offers ETFs and marginal trading, financial calendars, technical indicators, and options trading, as well as research agency trading.
In addition to the excellent web-based platform, this brokerage firm offers a mobile application. This app allows users to research data, trade and sell popular cryptocurrency, and view watch lists on their phones. Webull is primarily designed for users with intermediate knowledge of bitcoin trading, but beginners can also find its training courses and simulators useful.
Webull is a great educational tool for beginners but it does have its limitations. At the moment, the service can only be accessed within the United States. In addition, deposit and withdraw are only possible via bank transfer, which limits how quickly you can receive your funds.
- $0 account fees
- Instant access to deposits
- A free stock when you open an account.
- Doesn’t allow coins to move off the platform
- Limited resources and tools to help users
- Lack of trustworthy
This well-known investment platform was founded in 2008 and has been on the rise since. It allows users to invest in stocks and funds, options trading, and trade popular cryptocurrencies. Newcomers to the cryptocurrency community will find this platform perfect as the costs are low and trades are available in smaller quantities, which allows for greater accessibility.
Robinhoods web and mobile platforms are very simple and easy to navigate. When users open an account with Robinhood, the user gains the chance to earn free stock. As well as a chance to refer other new users and earn even more.
Despite the company’s claim of accessibility, the Robinhood app provides so few resources for its users. It is difficult to find articles and courses for users. There appears to be a lack of trust between Robinhood and the crypto community. There have been many complaints about wallet thefts and account closures that have gone unanswered.
- Low account minimum (just $2).
- User-friendly web and mobile interface
- Tons of resources and opportunities to earn $$$
- Higher fees
- Has had many security breaches in the past.
- Users reported experiencing slow customer service
- Crashing during periods of market volatility
Launched in 2012, Coinbase started as a small bitcoin trade company. (Will Bitcoin reach 100k?) There are over 80 popular cryptocurrencies that can be traded, sold, transferred, or stored within the interface. The personal wallet included within the app allows users to manage their personal keys and place coins offline.
The company also offers the “earn while you learn” option, whereby users can earn between $100-$200 in cryptocurrencies while attending classes and completing exams. Many resources are provided for all experience levels to use, but normally directed towards easy beginners.
Although Coinbase excels in a wide range of categories, high fees and security breaches are among its cons. Coinbase includes slightly higher fees than its competitors. This can encourage users to upgrade to Coinbase Pro. When compared to the Pro version, there are slight differences between the two. On the one hand, it offers more coins and even lower fees, but a more difficult web interface to understand.
There have also been previous security breaches, where users reported unauthorized account logins and emptied digital wallets. Coinbase upgraded their systems and insists it will not occur again. Although people feel reassured that their wallets are more protected, the absence of visible customer service may indicate a lack of confidence and trust in its users.