Though online platforms are flooded with hundreds of Bitcoin trading platforms, it is essential to note that choosing the wrong trading platform exposes your crypto at risk. Before selecting a credible BTC trading platform, the major features you should consider are tamper-proof platforms with cold storage, two-factor authentications, and safe crypto wallets.
Anything to the contrary may have disastrous outcomes. Besides providing a seamless user interface, credible crypto trading platforms offer a wide range of crypto that users can choose from. We highlight a few major BTC trading platforms that you should try out. If you are interested in bitcoin trading, visit bitcoin lifestyle app.
Tradestation
Tradestation is one of the technology giants that control a considerable market segment in trading BTC. The crypto trading platform supports both ETF and $ 0 stock. The platform allows users to sell, buy and trade Bitcoin, ethereum, Bitcoin cash,litecoin and XRP. If you are looking for a crypto platform that offers both brokerage and trading, then TradeStation is an ideal choice for you.
Coinbase
Coinbase blends both trading and crypto exchange. Controlling over 20 million market size,the3 Us-based trading platform has a user-friendly trading platform that is more appealing for both experienced and new traders. Traders can trade upto 14 cryptocurrencies, among them litecoin, bitcoin and ethereum.
eToro
If you are trader sourcing for ETF trades and zero commission stock, then eToro is a perfect choice for you. The unique aspect about eToro is that it allows copy trading, making it easier for new traders to make a profit.
The downside about the platform is that you can only withdraw your earnings through an etoro wallet. Comparatively, it offers low fees ideal for traders looking for low-cost trading.
Kraken
Founded back in 2011, Kraken supports trading 18 cryptocurrencies among them ripple, dash and monero. The downside about the platform is that it can only be accessed via a website.
In terms of fees, kraken has better fees compared to Gemini and coinbase. The maker fee structure policy offers trade incentives to traders based on their 30 days trading history.
An example is where a customer who trades less than $50,000 in a month is required to pay a fee of $2.60 in every $1000 traded. This is far much fair compared to standard trading rates on various crypto trading platforms.
Bittrex
Bittrex is also one of the major crypto trading platforms. Though the platform doesn’t have either a desktop or a mobile version, it supports trading over 100 digital currencies. Some of the currencies you can trade on the platform include litecoin,ethereum ,Bitcoin among others.
If you are looking for a cheap and user-friendly platform, Bittrex is an ideal choice. The platform charges a flat fee of 0.25% for all trades.
Gemini
Gemini is a popular digital exchange platform that serves both institutions and individuals. Users on the platform can sell, buy and store bitcoin, Litecoin,bitcoin cash,ethereum and many other digital currencies.
Robinhood
Users on Robinhood can trade bitcoin cash,bitcoin ,ethereum,dogecoin,litecoin and many other currencies.The trading platform is ideal for traders who want to trade multiple classes of crypto.
The benefits of signing up on Robinhood are that the platform doesn’t charge users a commission for placing trades. Instead, the platform is routed and generates profit from each order.
The downside of Robinhood is the lack of transparency in pricing, which subjects users to high costs per trade. This is much higher than the amount charged by other crypto trading platforms.
Conclusion
If you are stuck on getting the most credible crypto trading platform, then this article has an answer for you. Besides offering competitive pricing, the platforms are easier to use and highly secure for your trading variety of crypto that you may want.