For a long time, the rapid growth of Cryptocurrency has become a city talk, with investors want to take advantage of the prospective return on the digital currency. However, some people question the validity of various Crypto trading platforms, especially considering how easy the Retasan is. No one wants criminals to steal their Bitcoin. Whether you are an experienced or new Crypto investor starting, there are several cryptocurrency aspects to consider before making a decision.

What is Crypto exchange?

Cryptocurrency exchange is a platform that allows you to buy and sell digital currencies. Exchange sites can be used to change one cryptocurrency to another, such as Bitcoin to Litecoin, or to buy Cryptocurrency with Fiat currency, such as the US dollar. The market price currently determines the price of cryptocurrency in exchange. You can also use exchanges to convert cryptocurrency back to US dollars or other currencies you can save it as cash (and then traded back to Crypto) or pull it to an ordinary bank account.

There is no such thing as Bitcoin exchange one-me-fits-fitting. As a result, assess your special interests of crypto and find exchanges that match your goals can be profitable. For example, maybe you are looking for certain coins or want to learn more about the Cryptocurrency investment.

Options like Casa handle a lot of work and eliminate the need for public and personal keys. In comparison, Gemini might offer the weird coins you want and available for sale. While Coinbase offers interesting tools for learning and getting cryptocurrency.

Get to know Coinbase

Coinbase grows from a small startup to the Cryptocurrency Powerhouse in less than a decade. The initial function of exchange is limited to exchanging Bitcoin through bank transfers. Still, since it was expanded to include Bitcoin, Etheereum, Litecoin, and other cryptocurrency, as shown in this coin review.

Coinbase will eventually be funded by a famous venture capital company like Andreessen Horowitz and Union Square Ventures. The company has collected $ 547 million in total capital to serve 35 million members.

Coinbase also applies the use of a Crypto wallet. This wallet protects your personal key – a password that gives you access to your cryptocurrency – while allowing you to send and receive cryptocurrency like Bitcoin and Ethereum. They come in various shapes and sizes, ranging from hardware wallets such as ledgers (which look like a USB stick) to a cellular application such as a coinbase wallet, which makes the use of cryptocurrency as simple as making online purchases with a credit card.

If you are a sophisticated trader, you don’t need to leave Coinbase to save money. Coinbase Pro offers a more comprehensive trading system and an easier price structure. The tiered system determines trading costs on coinbase pro and whether you are a maker or take. The cost starts at 0.5 percent and gradually decreases because volume increases (based on monthly trading volume).

The majority of retail traders, especially the new ones for Cryptocurrency, can expect to pay 0.50 percent. Because platforms and user experiences are more comprehensive, and lower costs, many traders prefer coinbase pro to coinbase. However, find that suits you.

Alternative advantage

While coinbase is one of the most famous Bitcoin exchanges globally, its users have reported a series of problems, including:

High cost

Coinbase spends a lot of money compared to some of its main competitors. Many newcomers who use a standard coinbase platform will be charged this fee unless they update to coinbase pro, which provides more abilities that might intimidate to start Crypto traders and free to improve.

Security

Recently, there are cases of hackers who reportedly entered the coinbase account. This hacker stole personal information. If you use Coinbase, you must use a two-step verification method to secure your account.

Bias in promoting other cryptocurrency

Coinbase has more than 50 cryptocurrency on the map. Even though this might sound like a good thing, most of these cryptocurrency has not been stable on the market. By investing in it, you might lose more than you bargained. It is recommended to use Bitcoin because this is the most stable Cryptocurrency on the market.

Alternative list for coinbase

However, your option does not end with coinbase. There are several alternatives, including:

1. Binance.
Binance not just Bitcoin exchange platform but also the general cryptocurrency exchange platform. This Coinbase competitor promises to be one of the largest cryptocurrency exchange platform in the world, which allows clients to buy and sell cryptocurrency in a matter of minutes. One of the advantages of this trading platform is that it claims to be compatible with a number of devices, which means that you may not only trade with a comfortable and safe but also carry it wherever you go. They also offer 24-hour customer support and a vibrant community where you can network with other traders and get expert advice on where to put your money.

2. Kraken.
Kraken is an alternative to coins that you need to maintain control of your Bitcoin whilst also benefit from a comprehensive and reliable service. They claim to be the exchange of best and safest cryptocurrency, and they provide some options to choose from. It shows that they can make the process very easy for you, regardless of whether you are a beginner or have a lot of experience. They have some of the information that they are willing to share with their clients for you to make well-informed trading and connect with people who are needed in the industry based on cryptocurrency you trade.

3. ROBIHOOD
Robinhood is broker choice for merchants who want a simple interface and easy to use. Regardless of the option trading and account types, user-friendly platform ROBINOOD can be quickly mastered by new users. The most interesting feature of Robinhood is a smartphone platform that is easy and convenient.

This application makes it easy to access tax documentation and account information, and you can open and fund your account in just 10 minutes. Placing a trade at all directly. To help you understand, a brief description of each buy and sell order is provided next to the option. This is a fantastic feature for newcomers.

4. Bitstamp.
Compared with Coinbase, Bitstamp bitcoin exchange is one of the oldest and most famous. Bitstamp has been operating in Europe since 2011 and is fully licensed. It is a user-friendly platform that supports the bank transfer, credit card, and deposit and purchase cryptocurrency.

This match Coinbase deals plus ripple, and support cryptocurrency like bitcoin, etheereum, litecoin, and ripple. Further, it has the confidence and security of the community is good, but not as strong as coins. It has a customer service and verification of good standard, medium to high cost, and the confidence and security of a good community. It also offers customer support and solid verification standards.

Work platform technology is suitable for the safe and secure exchange, especially for inexperienced investors. Bitstamp already has a strong track record for security accounts in the last two years, and they are continuing to strengthen their security after 2015. This compromise charge of 1.49 per cent, reflecting a preference to invest in US dollars or Euros.

5. Gemini.
Gemini can help you sell and buy cryptocurrency immediately, and they can do so not only with Bitcoin but with other major cryptocurrency. One of the best characteristics of this coin is the alternative they have a tool for active traders and newcomers Crypto, allowing you to use their resources regardless of your experience level. They also highlight how they use industry-leading security in every part of their website so you can keep your assets safe and make their trade without worrying about who sees them or whether they are at risk of theft.

6. Uniswap.
Uniswap is a decentralized mechanism that facilitates the exchange-based currency Ethereum. Since 2018, the protocol has evolved to the point where now beat Coinbase daily trading volume. Uniswap allows you to trade with Ethereum based token without the need for a third party.

Uniswap (UNI) coin has increased in popularity to the point where you can now trade it on other exchanges such as Binance and Gemini. Many individuals believe that bitcoin trading will become more decentralized in the future and that Uniswap may be a harbinger of how the entire sector will evolve.

7. Etoro

eToro is a popular Coinbase alternative that allows you to trade confidently and never miss another perfectly timed trading opportunity. They state that the first step is to select an investment product to get started and that once you do, you’ll understand why this company has over 10 million clients. The best part is that you may invest in cryptocurrencies without paying a commission, and they claim that there are no markups on major exchanges no matter how much money you invest. They also include trading tactics created by top-performing traders that you may use in your transactions if you are new to investing.

Bottom Line

The best crypto exchanges should have a bit of everything good about various crypto exchanges. Each of the crypto exchanges has particular qualities. Coinbase, on the other hand, edges out the competition with its all-around advantages. Regardless of the website you choose, find the best bitcoin platform for your specific needs.