The complicate world of cryptocurrencies can be daunting, trading ‘normal’ (also known as fiat) currencies it simple with numerous banks in this space allowing for transfers in a matter of seconds from your phone. Cryptocurrencies can work in the exact same way but you’ll need two things:
1. Familiarity with the system you’re using, allowing you to know exactly how to action transactions.
2. A good crypto exchange to handle your transactions on your behalf. Read about our top 5 crypto exchanges below.
*Note: This is not financial advice*
1. Crypto.com
A great choice for beginners or more advanced members. Crypto.com are leading the way in bringing cryptocurrencies to every day life, with innovations such as their own crypto based debit card. Their fees are modest too when compared to competitors.
2. Binance
Usually favoured by crypto investors due to their favourable rates when it comes to transaction fees. This makes them a great platform to trade from when you have a high capital, potentially saving you thousands in fees.
3. Coinbase
Coinbase is a great Crypto exchange, it has a user friendly interface both on desktop as well as mobile. It is known as one of the more expensive exchanges, but what you pay in fees you make back in usability. Due to the high fees it is not the go-to choice for those with a large capital in their portfolio.
4. Webull
Webull is a nice middle ground for Crypto investors with great user friend tools and a fair service when it comes to exchanges and fees. Webull also have good customer support, which is sometimes a rarity in the Crypto space.
5. eToro
eToro are always a safe bet for any style of trading. Firmly rooted into the investment and trading space and are a great option to go to for any form of investments.
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