With the recent bull run giving a positive end to a very unpredictable year, many people are now eager to invest in cryptocurrency. Here, we will provide a shortlist of platforms that we feel offer the best services for buying cryptocurrency in 2021.
There are numerous options for purchasing cryptocurrency online since the explosion of value observed over recent years. These include both exchange and broker platforms, but what is the difference? And, does it really matter which platform you use to acquire your first cryptocurrency investment?
The simple answer yes, it matters. If you are entering the crypto space, you want to be sure that your transaction is secure and simple. You want to be presented with the best options in terms of speed, fees and diversity.
So, let’s take a look at our selection of top websites where you can buy and trade cryptocurrency for 2021.
The social trading platform eToro is possibly the most reputable and well-established website to make our list. Highly regulated and immensely popular with those who want to trade digital assets, eToro has been the pioneer of unique features such as copy trading, which allows users to follow the successful strategies of other investors as well as the diversification of their portfolios.
This leading platform is also responsible for introducing such initiatives as the Good Dollar, which has the aim to provide everybody with a basic universal income regardless of their social or employment status.
Users are granted access to CFD trading on 15 of the world’s largest cryptocurrencies and can also purchase these to hold in a non-custodial wallet on the platform or choose to transfer to a private wallet for a more long-term strategy.
Founded by Changpeng Zhao, Binance became the world’s largest cryptocurrency exchange in terms of trading value in 2018. With around 16 million users from more than 180 countries, Binance is one of the most successful, secure and easy-to-use platforms available.
Regulated by leading authorities, Binance offers access to a huge number of digital assets for both purchase and trading purposes. The exchange also provides one of the best user interfaces in terms of simplicity, allowing anybody new to the world of cryptocurrency the ability to transact with confidence.
The Binance Academy also offers a comprehensive set of educational resources, allowing users to learn more about specific cryptocurrencies, trading mechanisms and wallets.
With an ever-expanding number of cryptocurrencies available and some of the largest liquidity to be found, Binance is the platform of choice for both beginners and seasoned investors alike.
Our third on today’s list was arguably the first ever exchange to offer a professional and secure environment for buying cryptocurrency. It is also one of the longest-running successful platforms in existence, being founded in 2012 by Brian Armstrong and Fred Ehrsam.
Coinbase offers cryptocurrency services to both retail traders and institutional investors and is heralded as the king of exchanges by many in the crypto space. The platform is regulatory-compliant and collaborates with the FDIC to provide insurance to the investments of its users.
You can buy Bitcoin and other leading cryptocurrencies on Coinbase directly with a credit/debit card, and there is an extensive list of altcoins that can be traded for these leading coins as well. The KYC verification for Coinbase is thorough, which might be slightly frustrating, but ultimately provides users with added layers of security to protect their identity and investments.
CFD trading is also available on this platform if a user upgrades to Coinbase Pro account, allowing trades on the price movements of digital assets without having to take custody of them by use of a wallet.
One of the most credible and globally recognised brands, Plus500 offers retail services to both crypto and forex traders. Founded in 2008, this Israel-based broker is one of the most highly regulated in the world.
The simple and intuitive interface of Plus500 is easy to understand for all levels of experience. Users can access CFD’s on leading cryptocurrencies and apply leverage to their trades. The platform is available across 30 different languages and offers an unlimited demo account for those who wish to practice before investing any real cash.
Founded in 2013, Coinmama now has millions of users across 180 different countries. The central ethos of this platform is to rid the financial world of unnecessary middlemen, hidden fees and centralised control.
Coinmama offers four different account tiers for its users, each requiring a particular level of ID verification to unlock limitations and services. The user interface is designed to facilitate fast, secure transactions through a straightforward process, and the customer service is heralded as being among the best in the market.
This exchange has also taken great effort to simplify the process of converting crypto to fiat currency, which is reassuring for those who are new to the marketplace.
We have done our due diligence to provide you with some information on a few select exchange and brokerage platforms to conduct your cryptocurrency transactions. We would encourage our readers to take a look at each to discover which platform feels right for them.
Cryptocurrency is a volatile space, so if you’re new to this form of investment it’s advisable that you learn all you can from the educational resources available, and practice using a demo account if your intention is to head straight to short-term day trading.
Never afford more than you can afford to lose, and be sure to keep track of the latest developments in the crypto sphere through our daily news publications.