One of the main focuses for someone who has invested in cryptocurrency is finding a platform that makes exchange easy. Even better than that is finding a platform that delivers both exchange and wallet functionalities.
Two of the top crypto exchange platforms today are Binance and Coinbase, both known for the excellent service, phenomenal functionality and accessibility to the industry it provides. Although these have remained the most popular since launch, a variety of others have started to gain attention.
This article will focus on Binance and Coinbase, providing mini-reviews for both and why these crypto exchanges are ranked best.
Mini Coinbase Review
Coinbase is a well-known crypto-focused platform that focuses on the safe exchange of fiat to crypto or crypto to crypto. A crypto exchange like Coinbase buys and sells cryptocurrencies like Bitcoin, Ethereum, Dogecoin and many others.
Coinbase has often been favoured among Bitcoin investors thanks to its efficient functionality and top-ranking features. Since the launch of Coinbase, online crypto exchange sites have become far more prevalent in response to the quality of service and security the platform provides.
Coinbase is a US-based company originally started in 2012. The platform focuses on improving people’s access to cryptocurrency while improving digital currencies’ overall security and reputation. Coinbase has over 56 million users from more than 100 different countries.
Mini Binance Review
Next on the list in this crypto exchange comparison is Binance, a market leader within its niche. This trading platform quickly dominated the industry with its user-friendly interface and advantageous exchange features.
Although some may suggest Binance is directed more at investors, its layout is conducive to those that have only recently entered the market. One of this platform’s most significant advantages is its extensive selection.
Binance can process 1,4 million orders per second and has fees as low as 0.1% of the transaction and even lower for those that use BNB. Another benefit of Binance is the liquidity it offers.
Binance Vs Coinbase
Crypto exchange is easier than ever. Now that you have a bit of insight into each crypto exchange let’s take a look at a direct comparison of each.
|Number of tradable coins||100+||150+|
|Advanced trading features||Yes||Yes|
|Daily withdrawal limit||$1,000,000||$50,000|
Binance Vs Coinbase
Coinbase and Binance are both exceptional in their own right. If you are new to the industry and looking for a long-term investment, it would be recommended to get started on Coinbase. For those looking for a more advanced approach, try out Binance.
Although both have unique features, both crypto exchanges allow incentive high-volume trading, with considerable opportunities to gain returns. Both options use a maker-and-taker fee structure.
Other Popular Crypto Exchange Platforms
The variety of crypto exchanges increased when people started to broaden their favoured features. For example, some users prefer an online exchange, while others enjoy the accessibility of a mobile app. Before picking the right platform, be aware of your desired functions and features.
The first step is to decide on the cryptocurrency you’d like to start on and some backup options for when you are ready to expand. Once you have made that move, ensure that the exchange caters to your preferred banking option.
Top Crypto Exchanges Besides Binance And Coinbase
- Robinhood Crypto
- TradeStation Crypto
- Webull Crypto
Exchanges Are Essential
Setting the tone for an experience is vital, and for the crypto trend to grow, accessibility needs to become easier with a greater understanding for the general public. It has become a reality with quality exchange sites in the market.
By picking a quality crypto exchange, you help eliminate any security issues and mishandling of funds, affording you the possibility of focusing on your trade or investment.
As mentioned above, when picking a crypto exchange site or platform, you must know the crypto you want to invest in. Here is a list of some of the most popular options:
The above-recommended cryptocurrencies to invest in are all offered as options at BC.Game.
Take Your Pick And Get Invested In Crypto
Cryptocurrency is a future commodity, offering people a chance to cement their wealth. With crypto exchange platforms like Binance and Coinbase, people now have easier access. Take your pick between the two, and get invested in the future of finance!