Best platforms to invest in Crypto | Crypto Investment Platforms.
Crypto Investment Platforms/ Exchanges
A cryptocurrency exchange, also referred to as an online trading platform, acts as a middleman between cryptocurrency buyers and sellers. These marketplaces enable the exchange of cryptocurrencies for fiat and electronic money.
These exchanges enable users to deposit funds using procedures like direct bank transfers, net banking, or peer-to-peer (P2P), among others, and levies a commission or fee for each transaction carried out using its services.
Best Crypto Investment Platforms in the US
Gemini is a well-liked platform for cryptocurrency investing because it was one of the first significant exchanges and is currently one of the largest by assets.
Gemini offers decent support and engagement, supports most of the major cryptocurrencies, and offers competitive interest rates on assets, if you meet the requirements.
Additionally, if you open a Gemini account and trade $100 in cryptocurrency, you will receive $10 in Bitcoin.
Binance provides options for cryptocurrencies and many other goods. Options on cryptocurrencies that expire exercised can be traded (European options). USDT is used to settle the options.
A transaction fee of 0.03% of the underlying asset’s value and an exercise fee of 0.015 of the underlying asset’s value is charged.
Open one account with Uphold and trade multiple assets without having to go back to your wallet for cash. You always return to BTC or ETH if you’ve ever traded cryptocurrency because many coins and tokens only trade in specific pairs. On Uphold, however, you can directly trade a variety of assets. Additionally, Uphold is one of the few exchanges that let you trade XRP, DOGE, and other cryptocurrencies.
Given that you can directly invest with USD, Coinbase is by far the most well-liked and effective cryptocurrency exchange. Currently, the platform lets you buy 30+ additional coins and tokens in addition to Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.
The derivatives exchange Bit.com also provides cryptocurrency options. It provides the exchange’s exclusive upgraded trading and risk management system, the Unified Margin system. Users can trade futures, perpetual, spot contracts, margin, options, and all of these products from a single account and under a single profit and loss statement. The starting fees are 0.02% for makers and 0.03% for takers.
One of the largest exchanges for trading options is Deribit. It offers BTC and ETH options in the European style, which means that options can only be exercised on the expiration date. They are paid in fiat money. Deribit also provides perpetual futures for BTC and ETH.
Fees are 0.04% of the value of the underlying asset per contract, plus a delivery fee of 0.02% at settlement.
The perpetual and spot exchange FTX also allows you to trade cryptocurrency options. It offers BTC options in the European style, with USD settlement at expiration.
Starter fees are 0.02% for makers and 0.07% for takers.
Best Crypto Investment Platforms in India
WazirX is undoubtedly one of the most widely used cryptocurrency trading apps in India with more than 12 million users. WazirX offers a discount based on WRX holdings in addition to charging a fee of 0.20 percent on each trade’s value. They give users single-window access to the world’s most active markets, enabling them to trade cryptocurrencies like Bitcoin, Ethereum, Litecoin, and other 200+ coins available.
It is one of the best options for crypto trading and has more than 10 million users and 340+ coins in India. CoinDCX claims continuous audits to improve its current security protocols. It provides a graduated scale with a starting point of 0.2% for calculating gas fees.
Its goal is to simplify cryptocurrency trading for regular people, and Sequoia Capital is funding it. It is one of the top cryptocurrency trading aggregators because it has partnerships with some of the biggest exchanges. The total volume of cryptocurrency transactions handled by CoinSwitch Kuber is $5 billion. 90+ coins are available on the platform. The fee for trading is 0.1%
The first cryptocurrency trading platform, Unocoin, is based in India. Since it was first introduced in 2013, it has handled more than 11.7 million transactions. Unocoin offers dynamic fees for high-volume trading in addition to competitive gas fees. It’s not just about offering services; it’s also about the battle for cryptocurrency rights in India.
On its platform, Bitbns offers 300 cryptocurrencies that are listed. By providing a user interface that is straightforward, intuitive, and easy to trade, it offers excellent services and enables customers to buy, exchange, and sell cryptocurrencies at the best prices. Additionally, Bitbns provides an iOS and Android-compatible cryptocurrency app for India. With a current 24-hour trade volume of $13 million, the exchange has more than 4 million active users.
Another Indian cryptocurrency trading platform, ZebPay, was established in 2014. It asserts to have handled transaction volumes totaling more than $10 billion since its inception. The team has demonstrated a commitment to making cryptocurrency accessible to all by serving more than 5 million users since its Indian relaunch in May 2020.
Investors will receive a passive 5% return on their investment thanks to ZebPay EARN. ZebPay also allows you to lend your cryptocurrency to other traders while receiving 10% interest.
We conclude that it’s not that simple to locate one of India’s biggest cryptocurrency exchanges. Therefore, the exchanges listed above are the best for trading cryptocurrencies. Any of the above-mentioned exchanges are places where one can begin investing.
