Crypto trading sites

Users funds must be properly secured. Like the modern exchanges, funds are often stored offline rather online, to avoid illegal access to users’ funds online.

Top forex bonus list

Best 7 Cryptocurrency Trading Sites For Beginners, crypto trading sites.

When using shapeshift, users can choose between quick and precise orders. Quick transactions refer to a transaction where the user inputs the receiving address and is given a deposit address from shapeshift. Using quick order, the user is not required to specify how much of the wanted altcoin is required, as they can deposit whatever they like. The precise transaction allows a user to receive the exact number shapeshift can be used in almost everywhere in the world except the new york and north korea.

Best 7 cryptocurrency trading sites for beginners

The tremendous benefits brought to us by the technology of the blockchain, one of the most important, the emergent of cryptocurrencies, have gained much popularity amongst different calibers of individuals as a result of its different use-cases fitting almost every aspect of human lives.

With the rapid growth rate being experienced in the community, it’s often difficult for some individuals to get started with trading, especially when they can’t figure out the most suitable trading tools, one of which is the exchange platforms.

To enjoy trading on exchanges, usually, there are a couple of important features that make them easy to use for new joiners to the cryptocurrency market. The more you can find on a given exchange out of these features the better you are equipped for trading as a newbie on the market.

Here are a few things you will want to consider before picking the best cryptocurrency exchange suited for your trading and speculative needs.

Almost all the exchanges charge one fee or the other. It is inevitable to experience transaction fees or transfer fees. As a beginner, learning and trying to manage your funds, you need to carefully select the proper exchange that helps you minimize the costs of trading.

Verification requirements–

Verification processes might be time-consuming and overwhelming sometime, however, you need to be patient, and follow the step-by-step processes needed for complete verification. One of the major reasons for verification is to avoid dubious activities by traders, and to allow the exchange track any suspicious activities going on, on the exchange.

Security–

Also, another very important feature to look out for is the security. You need to make sure the exchange you are choosing is secured with at least two-factor authentication. If the exchange does not implement the use of two-factor authentication, then you must be aware.

Ease of use –

The organization of trading tools must be easy for the new users to understand. The presentation of tools must be simple and easy to interact with, not just for experienced traders, but also for the new users.

Security of funds –

Users funds must be properly secured. Like the modern exchanges, funds are often stored offline rather online, to avoid illegal access to users’ funds online.

Reputation–

Having bad experience sometimes is inevitable, however, if the general opinion of the people on an exchange is positive, it can be deduced that the exchange has a solid reputation, and it’s trusted by traders to maintain the value of the exchange.

Region–

It’s also important to select the exchange that supports your region. Difficulties in compliance with some governmental restrictions on the use of cryptocurrencies in some regions make it difficult for some exchanges to extend their services to some parts of the word. As a beginner, you need to make sure your region is supported by the exchange you are choosing.

Best 7 cryptocurrency trading sites for beginners

Having those features in mind, we’ll guide you through some of the carefully selected trading websites for beginners.

Binance

One of the most popular exchanges for both the beginners and advanced users. Binance provides options for basic and advanced trading tools to sooth wide variety of users. Another interesting feature of the exchange in satisfying users’ needs is the fact that they not only provide a web application for their trading platform but also mobile application supporting both the android and ios.

Binance is known for its advanced level of security built by professionals from in industry. The exchange is also known for its offline storage of funds to protect its users from losing funds should there be any attack.

Binance offers zero charges for deposit. However, withdrawals are subject to the conditions of the blockchain at a point in time. Users can calculate withdrawal fee based on the predefined gauge set by binance. In addition to that, settling your trading fees with the traditional BNB tokens gives you a discount of up to 50% in your trading fees.

You can check the statistics of the countries supported by binance here

Coinbase

Coinbase is another exchange that supports bitcoin, bitcoin cash, ethereum, and litecoin. It has a very simple and easy-to-use user interface. Unlike binance, coinbase allows you to exchange your fiat-currencies to cryptocurrencies and vise-versa.

The exchange allows you to enable two-factor authentication giving you a firm assurance on the security of your funds. However, the exchange strictly requires you to complete necessary know-your-customer details before you can go ahead with any trading activity.

Additionally, the exchange has a responsive mobile application giving its user on-the-go access to their portfolios.

You can check the list of countries supported by the kucoin exchange here

Kucoin

Kucoin is another exchange that allows an only crypto-to-crypto exchange. It has a simple user interface with easy-to-use trading tools. Kucoin is also known for its standard transfer encryption protocol for data transfer layers, meaning that all of the sensitive data and user data are stored in an encrypted data format. Also, there is multifactor dynamic authentication for additional security. Additionally, kucoin has a dedicated risk control system with strict standards for operating and using data involving multilevel review and approval.

Another very important feature of the exchange is the fee structure. As a newbie, trading becomes much easier with the reduced

Kucoin takes charges no deposit fee, and the trading fee is set at only 0.1 percent. Additionally, kucoin happens to be one of the few exchanges that pay you neogas for holding NEO on it.

Changelly

Changelly is another very accessible exchange. It doesn’t require you to undergo the tedious KYC process but it does require you to sign-in with your email ID. The exchange currently supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. It also allows you to buy cryptocurrencies with your credit card.

If you are worried about the stress of moving your funds from wallet to exchange, changelly can be used as a complete exchange on its own and can be used directly from some of your wallets including the coinomi wallet, thanks to their wallet integration capability.

The exchange charges a commission fee of 0.5% on each trade, which is minimal in exchange for the volatility and risk that they bear on behalf of their users.

Shapeshift

Similar to changelly, shapeshift also offers an easy way to exchange cryptocurrencies. Shapeshift greatly reduces the risk of stolen funds and it increases privacy because it requires no account or personal data to use. The exchange offers a nice and easy-to-use user interface erasing all complexities.

CEX.Io

CEX.Io is a UK-based exchange that offers the buying/selling of cryptocurrencies. It is also one of the beginners’ friendly websites because of the easy-to-use user interface and accessible trading tools. Similar to coinbase, CEX.Io also allows the exchange of crypto-to-fiat and fiat-to-crypto transactions. Additionally, as an effort to make things easy for the users, the exchange is made available across all the major mobile platforms including android and ios.

It should be noted that cex.Io accepts customers from all over the world, excluding the USA and north korea.

CEX.Io takes all the necessary security feature serious. The two-factor authentication and use of security questions are also employed for account protection. Also, the majority of coins are stored in the cold wallet. The exchange also offers SMS and email alerts.

Another advantage of using CEX.Io is that it offers the use of credit card for purchasing cryptocurrencies. However, the following countries are restricted for credit card purchases: iceland, vietnam, afghanistan, algeria, bahrain, iraq, kuwait, lebanon, libya, nigeria, oman, pakistan, palestine, qatar, saudi arabia, and yemen.

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List of scam, fraud crypto websites

This list is compiled painstaking by our crypto chain university team and assisted by fortunez, comprising of scam initial coin offering (ICO)s and other crypto services, all information, proofs, investigations below came from different people of bitcointalk.Org who cares the crypto community from scammers and fraudulent icos. You can see all the reference links and its archives where the user/s posted their proofs of the scam sites on the said forum.

Especially during the peak of bitcoin to 20k in december 2017, many ICO projects were created, and of that lot, at least 95% of them were scams, they might look legit but most of their teams are fake, whitepaper are copy-paste from other projects so beware of them.

All credits belong to people of bitcointalk or anyone who submit their reports, this list put together by crypto chain university and fortunez is to help information and provide knowledge especially for ICO investors and to raise awareness about all of these scams.

Disclaimer: some of these ICO websites listed might be down already and the linked websites does not equal to endorsement from our university or institute.

Know of a SCAM crypto or blockchain project or website? Report to us here.

List of scam, fraud crypto websites

A | B | C | D | E | F

G | H | I | J | K | L | M

N | O | P | Q | R | S

T | U | V | W | X | Y | Z

THE LIST OF SCAM & FRAUD CRYPTO WEBSITES

Abeonacoin.Com – fake ICO team / stealing people’s identity
airbitclub.Com – ponzi scheme
airbon.Io – ICO with FAKE TEAM / stealing people’s identity
aircraft.Travel – fake ICO team
aizeus.Net – ICO with a fake team
alfacoin.Io – ICO with fake team; using someone’s image with fake names
arabinvest.Io – unsecured site, too good to be true, and seems a ponzi sh*t. It offers $xxxx amount of credit once user invest $xxx above, and the user’s account will be blocked for withdrawal until the users deposits xx% of the bonus which is a shady behavior.
Atkcoin.Org – fake ICO team; stock image

Bignetwork.Club – plagiarised ICO whitepaper = obvious scam
bitblender.Me – phishing site/ clone of bitblender.Io
bitblendr.Io – phishing site of bitblender.Io
bitdouble.Casino – an ICO with fake teams, identity theft, stolen content.
Bitgamecash.Io – fake team/ stock images and stealing people’s identity
bitmonk.Coinmonkey.Io – ICO with a fake team
bitraw.Io – bitcoin cloud mining
blockkonnect.Com – ICO with a fake team
blockmall.Store – ICO with a fake team

Camolcoin.Net – fake ICO team
changenow.Io – illegal exchanger from russia
cointroops.Com – ICO with fake team/ stock images
crowdif.Com – photoshopped pictures of the team, ponzi ICO
cryptoexpo.Net – phishing site of CEX.IO
cryptolux.Io – fake ICO team
cryptoriya.Io – ICO with a fake team

Darkpicocoin.Co – ICO with a FAKE TEAM / stealing people’s identity
dcattoken.Com – fake ICO team
dexma.Info – phishing or clone site of cex.Io
dibbs.Co – fake team/ stealing people’s identity
digithoth.Com – ICO with a fakee team / stealing people’s identity
dojitoken.Io – ICO with a fake team – using images of a deceased person
doublediamoncoinico.Lantcing.Com – ICO with fake team/ stock photos
dunemining.Pro – stolen content from another project, ripped off whitepaper

Easytradingplatform.Com – ICO stealing people’s identity
elitetreum.Com – no white paper, unclear timeline, no payment gateway, suspicious team developers and businesses.
Elrun.Org – fake ICO team – stock image
ethereumwhite.Online – fake ICO team
etherfin.Tech – ICO with a plagiarized whitepaper and fake team. Stay away!
Ethernet.Cash – ICO with FAKE TEAM – stealing people’s identity/image
expocrypt.Com – phishing or clone website of cex.Io
expohills.Com – phishing or clone website of cex.Io

Foxbtc.Io – fake ICO team

Gdcleaders.Com – fake ICO team – stock image
gec-coin.Io – ICO with fake team – stealing people’s identity/image
genisyscoin.Org – ICO fake team
getbitmoney.Us – ICO with fake bounty, stolen content
globfone.Net – ICO with fake team/ stealing people’s identity
GLOBO.In – fake team/ stock images and stealing people’s identity
greeneminer.Com – ICO with fake teams and stealing people’s identity

Hadfyx.Org – fake team/ stock images
histoken.Online – fake ICO team
hitbtc – red flags for this crypto exchange. Too many scam accusations, closing accounts randomly without notice
hkk.Io – fake ICO team
hoverex.Io – ICO with fake team

Ico.Htfx.Online – fake ICO team/ stock images
ico.Inspem.Com – fake ICO team/ stealing someone’s identity
invest4g.In – fake ICO team

Koalatoken.Io – ICO with fake team, identity theft
koilop.Com – fake ICO team
koinstreet.Com – fake ICO team – stock image

Laxarcoin.Com – fake ICO team
less-chain.Com – fake ICO team
loomnetwork.Site – fake airdrop that asks for private keys (and impersonating loom network)

Modorr.Io – ICO with a fake team/ stock images
moonmarket.Io – fake ICO team / stealing people’s identity
morh.Io – fake ICO team / stealing people’s identity

Neofinance.Io – fake ICO team

Officium.Cc – ICO with fake team – see archives in the referrence
omcmarkets.Com – poor created website and unlicensed scam broker

Penchant.Network – ICO with a fake team
piedpipercoins.Com – fake ICO team / stealing people’s identity
plasmium.Io – fake ICO team
pornx-official.Com – ICO that is proven with fake team members
posya.Io – ICO with a fake team
powerburstico.Com – ICO fake team/ stock images
pumpkinpro.Io – ICO with FAKE TEAM / stealing people’s identity

Regixium.Io – ICO with a stolen content/idea, plagiarized whitepaper, fake advisors/fake team

Sliclide.Pw – fake projects, stolen content, plagiarized whitepaper
smartweb.Network – fake team/ stock images and stealing people’s identity
SOCIBIT.Com – ICO with fake team – stock photos
span-coin.Com – fake team / stealing people’s identity
strixglobal.Co – fake ICO team
sunflowertoken.Io – fake ICO team
superfruit.Io – ICO with fake team – stealing people’s identity
superstreamtoken.Co – fake ICO team
supportchain.Su – ICO project using fake images – stock photos and people’s identity == fake team

Tkeycoin.Com – fake ICO team

Veio.Io – fake ICO team/ stock images
vertix.Tech -fake team/ stock images and stealing people’s identity
vibexchain – fake ICO team
virtualcard.Us – poorly made site, and obvious a scam site for selling paypal account and etc.

Yudi.Io – fake ICO team/ using stock images

Zantepay.Com – ICO with plagiarized whitepaper, copied contents

Know of a SCAM crypto or blockchain project or website? Report to us here.

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Risk disclosure: please note that all initial coin offerings (icos), token sales and exchange events listed on our site are unrelated to crypto chain university (CCU). We do not collect token sale funds for any projects listed on our site. We simply aim to help reorganized publicly available information to help better educate and inform the public on advances in blockchain technology and we provide an educational platform to compile research and information about crypto projects working in the blockchain space. CCU is a cryptocurrency and blockchain, research institute and content aggregator.

CCU is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about crypto projects, icos or token sales, and this is not a place for the giving or receiving of financial advice or advice concerning investment decisions. CCU will not accept any liability for loss or damage as a result of reliance on the information contained within this website including written content, links to third party sites, data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading assets (digital or otherwise) on the financial markets, it is one of the riskiest investment forms possible. Cryptocurrency trading involves high risk, and is not suitable for all investors. It is possible to lose 100% of your investment. Before deciding to trade cryptocurrencies, tokens or any other digital asset you should carefully consider your investment objectives, level of experience, and risk appetite. CCU would like to remind you that the most of the data and content on our site is provided through apis or third party sources, and so prices and content contained in this website are not necessarily real-time nor accurate. Therefore CCU doesn’t bear any responsibility for any trading losses you might incur as a result of using this information. Please note that CCU may be compensated by the advertisers that appear on the website. By continuing to use our website you are agreeing to have read our full risk disclosure as well as our terms and conditions which contain information on our use of cookies.

Best cryptocurrency brokers for 2021

Daniel ‘harris’ major

I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.

Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.

Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.

After trying out most brokers, here are the best cryptocurrency brokers:

Best cryptocurrency brokers (non-US traders only)

Plus500 – top rated trading platform

Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.

Buy/sell cfds on bitcoin in addition to buying stocks, commodities, forex etc (traded only through cfds). Plus500 is the most complete trading platform.

Trade cfds on bitcoin & many other cryptos

Minimum deposit is only $100

Regulated and trusted platform

Very fast signup process

Live chat

Many payment methods (even paypal)

You cannot withdraw any cryptocurrency

You have to complete a questionnaire, upon sign up

Plus500 disclaimer: 76.4% of retail CFD accounts lose money.

IQ option – lowest minimum deposit ($10)

If you don’t want to make a huge initial investment, then IQ option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.

You can trade many cryptocurrencies

Minimum deposit is only $10

Best trading platform

Multiple account currencies

Free demo account

Regulated by CYSEC (#247/14)

Etoro – top crypto broker

Etoro is a really popular trading site. They have been around since 2006. Etoro is regulated by CYSEC, FCA and ASIC.

Buy/sell bitcoin on etoro in addition to buying stocks, commodities, forex etc. Etoro is the most complete trading platform.

Trade bitcoin & many other cryptos

Minimum deposit is $200

Regulated and trusted platform

Australian traders are also accepted

Great support team

Many payment methods (even paypal)

You cannot withdraw any cryptocurrency

You have to complete a questionnaire, upon sign up

Etoro disclaimer: 71% of retail CFD accounts lose money.

Highlow – best all-round crypto broker

Due to regulation highlow stopped accepting traders from the EU and UK.

Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.

I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.

I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).

I have also tried the ios app and the android app. They are great, but I just don’t like trading on smartphones in general.

The payouts on highlow are amazing (up to 200%, which is more than on other brokers).

Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.

Trade bitcoin & other cryptos

Minimum deposit is only $50

Regulated and trusted platform

Fastest signup process (no questionnaires)

Multiple account currencies

Free demo account (no registration needed)

Nadex – US traders welcome

Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.

Only US traders are allowed on nadex. Non-US traders check out the next broker.

Update OCTOBER 2019: looks like nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on nadex now and get updated when they add it.

Recently, nadex started offering bitcoin trading.

Trade bitcoin, forex or binary options

Minimum deposit is $250

CFTC regulated broker

Great support team

Many payment methods (even paypal)

Crypto brokers with most cryptocurrencies

Here are the most popular cryptocurrencies offered by cryptocurrency brokers:

Etoro – bitcoin, ethereum, litecoin, dash, ethereum classic, NEO and ripple.

Plus500 – bitcoin, ethereum, litecoin, bitcoin cash, ripple, IOTA.

Avatrade – bitcoin, ethereum, ethereum classic, ripple, dash, bitcoin cash litecoin, monero and NEO.

Lowest minimum deposit brokers

These are the best brokers with low minimum deposit requirements:

Etoro – $200

Plus500 – $100

Avatrade – $100

This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.

We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.

Top rated brokers that have cryptocurrencies

While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?

Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.

Etoro disclaimer: 71% of retail CFD accounts lose money.

You still can’t decide which broker is best for you?

How to choose your cryptocurrency broker

Is leverage really necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.

Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.

Negative balance protection: it is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.

How suitable is the required capital for you? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.

Narrow spreads for the win: let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.

A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.

Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.

Which cryptocurrencies are you interested in trading?

Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.

If your choice is a prominent cryptocurrency like bitcoin (official site), litecoin (official site), or ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like monero, IOTA, or zcash may be a little harder to come by.

So study the cryptocurrencies being offered by a broker before you sign up for an account.

Pros and cons of cryptocurrency brokers

Here are some features that these broker have or don’t:
pros

Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading

If you are less tech-savvy then a broker is safer for you

You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method

Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)

Cryptocurrency brokers – what to look for

Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.

1. What are the weekend hours like?

This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.

There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.

But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.

2. How is it hedging?

Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.

Why is it so important for you to know?

Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.

More great features you could be interested in

Commissions and trading on margin – an important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.

Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or cfds. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.

Authenticity of market data – aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.

One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.

But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto cfds.

Are short sales available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.

As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.

And a lot of that is down to which broker you decide to trade with.

Ready to start trading?

Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.

These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.

Crypto trading sites

Your guide to the world of an open financial system. Get started with the easiest and most secure platform to buy and trade cryptocurrency.

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Among the numerous websites providing bitcoin exchange services, the positive reputation of CEX.IO makes it worth the trust of the users all over the world. With the customer base of over 3,000,000, the platform can be recognized as the one that can be relied on. Starting your bitcoin trading on a platform with substantial history, you will benefit from a deep understanding of the market and customersвђ™ needs. We are constantly working on enhancing the security, ensuring the high level of customer support, and providing our users with new opportunities for trading on the bitcoin market. CEX.IO is regularly considering the addition of new coins, which was not so long the case with dash, zcash, and bitcoin cash. Still, every cryptocurrency has to pass a thorough check to be listed. Our due diligence and concerns about the quality of the service yield results. Now, we are moving forward to achieve the status of the best cryptocurrency exchange.

Best cryptocurrency exchange: what does it mean for us?

For you to be able to recognize a reliable online exchange and sort out those that appear to be too weak, we list several features, paying attention to which would help you to make the right choice. 1. Service safety and security. It is critical to ensure that your data will not be leaked to any other parties. Thus, the availability of certificates, like the PCI DSS, serves as the proof of serviceвђ™s safety. Besides, the regulation of exchanges is also important. For example, CEX.IO.

Is officially registered in the UK;

Has a money services business status in fincen;

Complies with the legal requirements of the countries where it functions.

World class automated crypto trading bot

Copy traders, manage all your exchange accounts, use market-making and exchange/market arbitrage and simulate or backtest your trading.

Fast automated trading, and portfolio management for bitcoin, ethereum, litecoin, and 100+ other cryptocurrencies on the world’s top crypto exchanges.

Automate
your trading

And take your emotion out of the equation

Invest in all cryptocurrencies that your exchange offers. At the same time, you’ll also gain access to an expert suite of tools like our trailing features that help you buy/sell better than before.

Trades opened on cryptohopper

Manage all your exchange accounts in one place

Connect your exchange.

Your exchange is where your funds are located. With cryptohopper you can manage all your exchange accounts and trade from one place.

Signals. Templates. Strategies

(check out the marketplace!)

Join the social trading revolution. Subscribe to trading signals, discuss trading strategies on our internal chat, and buy strategies and bot templates from our marketplace. You don't need to be an expert to trade like one.

Easy. Effective. Worldclass

Use expert tools
without coding skills

Market-making

Market makers are the best friend of every exchange or crypto project. Now you can trade easily on the spread as well, and make the markets. A win-win for everybody. Read more

Exchange/market arbitrage

Want to benefit from price differences of exchanges and/or between pairs? Our arbitrage tool is your new best friend. Read more

Strategy designer

Create your own technical analysis to get the best buy and sell signals from your strategy. Popular indicators and candle patterns are: RSI, EMA, parabolic sar, CCI, hammer, hanged man, but we have many more. Your hopper will scan the markets 24/7 searching for opportunities for you. Read more

Simulate your trading without fear (or money.)

Practice daring new strategies risk-free while mastering cryptohopper’s tools. Even backtest your bot and your strategies, so you can keep tweaking until it is effective.

What succesful cryptocurrency traders say about cryptohopper

Average score from the google play store (21 nov. 2019)

Meyer family | 11 nov 2019

"I'm very satisfied with cryptohopper and highly recommend it for day trading. It took me a while to get a strategy that worked for me, but it appears to have been well worth it. I recommend paper trading and backtesting extensively before using any real money. Once you master the initial learning curve, you will feel much more secure and confident that you can weather any trend or market. It will also be a valuable asset during the next alt-season and halvening events. Thank you cryptohopper team!"

Roshywall gurgel | 7 nov 2019

"great app. I don't understand cryptocurrencies very well but from what I saw in the demo you can profit. I will definitely buy the basic version to upgrade and profit."

"good service, powerful features, effective, affordable. Highly recommend. ��"

Soflow will | 24 oct 2019

"very easy to use and incredibly affordable. Get the free trail to test it and learn the ropes, then upgrade. I upgraded twice after one week and i still use both subscriptions. Awesome selection of options. Unlimited strategies, lots of free built-ins. Spend time to learn the fundamentals of technical analysis - you'll be glad you did. Crypto hopper will soon become your best friend. And weapon of choice!"

Chika moronu | 23 oct 2019

"took a while to get used to the settings, but once I got the hang of it, the app has been great"

Damion la bagh | 21 sep 2019

"the cryptohopper experience is simply amazing. Great instructions to help you on your way and s great community. The website is beautifully designed with full functionality. The app on the other hand is nice but it's not as full featured. It has the things you need to monitor your hoppers and basically interact but doesn't have the nice graphs, charts or settings to create new strategies like the website does. So one is still dependant on a laptop or computer to get everything set up 1st before"

Mitchell kemp | 3 sep 2019

Galen grassi | 6 sep 2019

"so far for a begginer I'm enjoying this, got a lot to learn but it's a good platform with useful tutorials to assist you along.. I would recommend cryptohopper."

Crypto

Predictions and analysis

As per my last video analysis (attached below) on bitcoin, we were waiting for a deep retest till around 35000.0 to look for buy setups. And as mentioned in the video, we will know that the corrective phase begins when the price breaks below the previous swing low (blue) exactly like what happened in the previous setup. And as you can see, it is happening now.

Hi, looks like some sort of correction has started with the price of bitcoin and currently should have a perfect time to look up some buying areas. Last week I did a technical analysis of 20 altcoins to find technically good buying areas. A lot of them needed a BTC correction to reach there, we got it, and some have already reached and some are starting to.

As we can see from january 3 to january 10, 2021, the price began to rise. There was an attempt to reach the resistance level, but the price on january 10 began to fall rapidly. Also, on its way, the price was able to break through the zone. In today's idea, the main role is played by the resistance zone and the support level. When the price went up, the price was.

As we can see, since december 29, the price bounced off the support line and began its upward movement. And already on january 8, the price was at the top, but it was time for a decline. A sharp decline in prices began. On its way, the price was able to quickly and confidently break through the zone. At the moment, the price continues to fall. In today's idea, the.

Hello friends! Happy start to a new and productive week! Believe in yourself and you will succeed! As we can see, the previous idea went strictly in my direction. The price was able to reach the level. As we can see, the price pushed away from the level and two resistance lines and began its.

I hear people already talking about that the correction is done. We are not even close to a correction. Just a simple MACD shows us how far we are from the 0 line or a cross.

Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) that's the best way to support me and help pushing this content to other users. Kindly, phil

Congratulations you made it to alt season. Now be prepared for the eternal bitcoin range while shitters pop off. THE NEW PHASE OF A BITCOIN CYCLE HAS BEGUN

I don't think any explanation is really necessary for this lol

Hi, XLM has reached technically a good buying area. Regards, vaido

Hi, pretty good support area with good and clean criteria, so keep an eye on it! Regards, vaido

Hi, really close to the marked buying area, keep an eye on it! Regards, vaido

ZENBTC (horizen) is coming out really strong out of its downtrend with a strong bullish breakout. The down trendline that started on 25-nov. Is being obliterated today, huge strength and volume which both signals the reversal of a trend. Additional growth can follow for this altcoin pair. The RSI and MACD are also very telling with a strong curve up.

We tested 0.786 FIB support for the 2nd time now. Is it time to go up? We need to break the trendline formed by lower highs. Which is also part of the broadening descending wedge pattern. For all of you that are into patterns. How high do we go? We will see - if we stop below the previous peak (40k) then it is possible we will form a head n shoulders pattern -.

DOCKBTC is now challenging EMA50 trying to move higher. Here we have some mixed/early signals but the day is looking good for many of the binance coins. The trading volume is still low and the MACD below zero (bearish/neutral). The RSI is above 56 which is strong (bullish) and DOCKBTC trading above EMA10, EMA21, and EMA50 is also bullish. So we do have mixed.

Venus (XVS) overview what is venus (XVS)? Venus is an algorithmic money market and synthetic stablecoin protocol launched exclusively on binance smart chain (BSC). The protocol introduces a simple-to-use crypto asset lending and borrowing solution to the decentralized finance (defi) ecosystem, enabling users to directly borrow against collateral at high speed.

After we have seen the 20% correction which I predicted yesterday, I decided to publish another chart with my opinion on the upcoming moves of bitcoin. Over the last month we can see on the chart that everytime we had a 10-30% correction, we saw a 30-50% rally from the local low to new ATH's. In my opinion, such a rally is also possible next week, since we just.

8 best exchanges to trade crypto with no fees (zero commission)

Best no-fee exchange for

Did you know the most popular cryptocurrency trading platforms in the world such as coinbase, binance and etoro take a small amount of your account balance each time you make a trade?

This is where zero-fee fee crypto exchanges can allow traders to buy, trade and sell bitcoin and cryptocurrencies assets without paying any fees. For active investors, it could be the difference between a profitable and losing trader in the long run. In this article, we will share the best places to trade cryptocurrency without fees.

How to trade cryptocurrency without fees

To trade cryptocurrency without fees or commissions, follow these simple steps:

Click the 'products' link and select 'spot trading (zero fees)'

Search for bitcoin or another cryptocurrency you want to buy, trade or sell

Enter the amount of crypto to buy or sell against another coin

Click on the 'buy' or 'sell' button to complete the trade without fees

Before getting started, some exchanges require you to own a bitcoin hardware wallet such as the ledger nano X. If you don't have a wallet, read our guide on the best cryptocurrency hardware wallets.

Platforms to trade bitcoin with no fees

Here is our list of the best crypto exchanges to trade bitcoin without fees (with our commentary):

Phemex (lightning-fast trade execution speed and features a demo trading account)

Crypto.Com (global digital asset service that offers a wide range of products)

Kucoin (trusted by 1 out of every 4 crypto holders in the world)

Digitex (suitable for crypto day traders, uses native exchange token as collateral)

Amplify (trade over 14 crypto pairs against fiat, BTC, ETH or native token)

Shapeshift (instantly swap crypto with zero fees and commissions)

BLADE (exchange is backed by coinbase and other world-class and trusted investors)

Lykke (an innovative digital exchange that offers forex, crypto and crypto index trading)

Overall rating

Our review

Website

Phemex

Phemex is a cryptocurrency trading exchange that offers spot, derivatives and simulated trading all on a single unified platform. The trading platform offers it's premium users the ability to trade crypto with zero-fees on its spot exchange for the major cryptocurrency assets such as bitcoin, ethereum, XRP and link.

Founded in 2019 by a group of 8 former morgan stanley executives, the team is focused on creating a trustworthy digital platform and become a leading financial services provider in the cryptocurrency industry. Phemex supports traders all over the world such as the united states, australia and the UK.

Phemex exchange is packed with features such as:

Trade crypto without fees on its spot-trading exchange (for premium users)

Derivatives trading up to 100x leverage with BTC & USD contract settlement

Competitive trading fees on margin trading platform

Advanced order types to manage risk

Cryptocurrency demo account for beginners to practise

300k transactions per second (TPS)

Cold wallet storage to keep funds safe on the exchange

Fast and responsive mobile trading app

Traditional financial assets (coming soon)

Users that create an account with phemex receive free access to the premium membership for 7 days. This can be extended to 30 days by referring a friend to the exchange. Once the trial ends, users on the exchange will need to purchase the premium membership which starts at $0.19USD per day to continue to trade bitcoin with zero fees.

While it might seem add to pay a subscription for no fee crypto trading, for high volume investors and crypto day traders, this is a very small price to pay to buy, trade and sell crypto without paying fees or commissions.

Crypto.Com

Crypto.Com is a digital asset platform that offers several cryptocurrency products and services. The exchange has seen massive growth in recent years and has over 1 million users on its platform and is a supported cryptocurrency exchange in the US. Crypto.Com is a popular platform that offers a powerful alternative to traditional financial services, making it easier for everyone to buy, trade and sell cryptocurrencies.

Get $50 FREE when you download the app and stake CRO for a MCO visa card using our referral code 45h3ct59tv. Get your debit card now!

With its growing list of features and crypto services, we expect crypto.Com to be one of the best cryptocurrency companies in the world within the next few years to rival the likes of binance and coinbase.

Crypto.Com is continually innovating and developing new crypto services and products for its users to accelerate the adoption of blockchain technology and improving the user experience of using cryptocurrencies. The exchange offers the following limited-time promotional offers:

0% trading fee for the first 90 days for new users

Up to 50% trading fee reduction on all trades for existing users of the exchange

2% bonus deposit interest rate for all deposits made by new users in the first 30 days

Send crypto to crypto.Com app users instantly without fees

Buy bitcoin with 0% credit card fees

The digital currency provider offers a suite of crypto services and features at your fingertips which let's you buy, sell, trade, spend, store, earn interest on crypto, loan cash and even pay bills with cryptocurrency. Crypto.Com have also announced the future launch of margin and derivatives trading to compete with bybit and FTX.

Kucoin

Kucoin is a cryptocurrency exchange that was built to cater to individuals around the globe by providing an easy to use platform for investors to exchange digital assets and cryptocurrencies. Established in late 2017, kucoin is one of the most popular crypto trading exchanges in the world with over 5 million users globally.

PROMOTION: we have partnered with kucoin to offer a special promotion of zero-trading fees for 7 days when you create a new account using our link below.

Kucoin offers innovative crypto services and products including a spot exchange, futures markets, margin trading, staking rewards, lending service to earn interest on crypto assets and even the ability to purchase cryptocurrencies using a credit/debit card.

The well-known trading platform has recently launched an 'instant exchange' to provide access to the best available crypto exchange rate in the global market. Users can purchase cryptocurrencies such as bitcoin, ethereum, litecoin and XRP with zero-trading fees or commissions.

Kucoin instant exchange is a one-click crypto exchange service that was co-developed by kucoin and a top high frequency trading firm in wall street. The integration through the instant exchange allows a quick purchase of the supported cryptocurrencies, with zero-trading fees and the best available prices.

Digitex

Digitex futures exchange (DFE) is a zero-fee, peer-to-peer crypto futures exchange that allows users to trade bitcoin perpetual swap futures contract with leverage up to 100x. The trading exchange is built on ethereum’s blockchain technology to provide a cutting-edge crypto futures exchange with zero trading fees.

The exchange model is based on users having a balance of its own native coin, the DGTX token to be eligible for zero-commission trading. Each user that places a trade increases the demand for the DGTX token.

The platform is able to offer zero-fee bitcoin trading by selling DGTX tokens to earn money. This means, you can trade crypto with high frequency without having to worry about exchange commissions and taker fees eroding your profits.

Overall, we were quite impressive with digitex and the direction the exchange is headed. However, we would like to see improvements to the user interface, which appears dated in terms of functionality and lacks advanced trade order types. This is an important aspect to trading as this is where most of your time will be spent analyzing the charts.

Amplify

Amplify exchange was launched in 2019 to solve issues in the crypto world that inhibit the broader crypto adoption and common frustrations experienced by crypto traders.

The crypto exchange offers customers all over the globe (apart from US and canada) to buy and sell cryptocurrency without paying trading fees. This means there are no additional fees above spot crypto pricing.

Furthermore, there are no prerequisites to be eligible for zero-trading fees such as financial status, degree of trading expertise and/or amount of investment making it suitable for everyone.

Amplify exchange has over 14 crypto pairs such as:

Bitcoin

Ethereum

Litecoin

Ripple

Bitcoin cash

Stellar lumens

Dash

Cardano

Ethereum classic

Basic attention token

Amplify loyalty token (AMPX)

Each crypto pair can be traded against fiat currency, BTC, ETH and the platform's native coin, AMPX token with zero-fees and commissions. When you log in for the first time, you might be a little surprised at the interface. It's not like other margin crypto exchanges. While it is very simplistic and suited to beginners.

Shapeshift

Shapeshift is a digital marketplace that was established in 2014 by erik voorhees that provides a crypto services to users all around the world. The online exchange offers the ability to quickly swap between assets in a seamless, safe, and secure environment.

In a matter of minutes, you can instantly exchange bitcoin to another altcoin and vice versa without any hassle. The team behind shapeshift have recently launched a new platform to buy bitcoin with no fees in an effort to compete with other cryptocurrency exchanges.

To be eligible for commission free, zero spread and zero trading fees on shapeshift, users need to hold their native FOX tokens. When you create an account, shapeshift deposit 100 FOX tokens for free in your account.

The new shapeshift platform allows you to:

Create a new wallet or connect your keepkey, trezor or portis wallet

Visualize your portfolio performance through a powerful dashboard

Trade crypto instantly and for free with over a thousand asset pairs by holding FOX tokens

Buy crypto with your bank account

Send, receive, and HODL your digital assets on your hardware wallet

Day trading crypto

Cryptocurrency day trading involves trading of digital currency assets. As you probably know, one of the top forms of digital currency is bitcoin. This kind of online trading is somewhat new, however, it shares a lot of similarities with forex trading and is becoming a great way of making money online.

One of the benefits of crypto day trading is the potential profit to be made. Not many people trade cryptocurrency markets yet, so it's less saturated by others trying to get in on the action. However, you should know that as well as big wins you can also experience losses, and you should understand the technology before you start.

Just like binary options or forex brokers, there are also cryptocurrency brokers that specialise in the day trading of this digital cash. As with any broker, our job is to test them all out, put them through their paces and then present our information so that you can make an informed decision about which broker to choose.

In this article, you will learn:

Top rated CFD sites

Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

What makes a great broker

Like many other brokers, some factors make a good broker. From the bonuses that they offer to their licensing and regulation, competition is fierce, and you have the choice between numerous brokers. Let's take a look at some of the criteria that make a good broker:

Licensing and regulation

Obviously, like any online transacting, if you are going to put your money somewhere, you need to know that it is in safe hands. Any platform where you are financially transacting needs to be licensed and regulated for you to be confident that your money is safe. Each country has its regulator and rules surrounding regulation, and you should always look for the licensing accreditation when you are selecting a broker.

Ease of trading

With the evolution of technology, almost everyone transacts on the move from a mobile device. As long as you have a mobile phone and an internet connection, then you should be able to trade. You need to ensure that the broker offers a good mobile experience and that their platform is easy to navigate and use. If they don't have an app, then they should at least have a mobile-friendly website. Just visiting the site from your mobile device and having a look around will demonstrate if mobile day trading is feasible.

Bonuses and incentives

From $25 welcome bonuses to 100% match deposit bonuses you will find a whole host of incentives to encourage you to open an account with a specific broker. Make sure they offer all the other criteria that we discuss before you get drawn in though. Remember, you cant withdraw your bonus until it has been traded a certain number of times.

Customer service

If something goes wrong, or if you have a question about an element of day trading you need to know that there is someone there to help and advise you. Customer service can mean a 24-hour virtual assistant or someone on the phone during trading hours. A good broker will offer a high level of customer service.

I'll find you an awesome CFD site in seconds. Ready to go?

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What amount are you thinking to deposit?

I'm checking 75+ sites to find your best match.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

How crypto trading works

Similar to forex day trading in which you trade actual currency pairs like USD/GBP, cryptocurrency day trading involves the trading of currency pairs where one or both can be a form of digital cash. An example of a cryptocurrency pair could be bitcoin against the USD or USD/BTC. We use bitcoin as an example because it is the most widely recognisable, but there are many types of cryptocurrency.

These currencies are what are known as world financial transactions and are among the most recognisable. There are many other niches within the cryptocurrency market including application platforms, private financial transactions and specialty currencies. Each of these niches contains different currencies. If day trading currency markets aren't your thing, you can try "contract for difference" trading, this type of day trading spans many markets including stocks, shares and commodities.

While some people are yet to get to grips with cryptocurrencies, you may wonder if it is real money. The answer is yes! While you may not have physical coins and notes like with "real" money, digital cash is an entry on a database. It isn't unlike your real-world bank balance. Often you make a transaction, but you never see the actual money. When you are day trading online, there is no difference between physical currency and digital currency except our perception of it.

Cryptocurrency bonus deals

There are many types of bonus deals available across the many brokers. Of course, there is the favourite and widely offered "welcome bonus" which is open to all new traders. This type of bonus doesn't always require a deposit and can be used to test the platform before risking your cash. You can use your bonus to trade a range of cryptocurrencies including:

More and more brokers are now also offering no deposit bonuses to remain competitive. Other bonuses include a deposit bonus which varies from broker to broker. For some, it may be a percentage while for others they will match your deposit 100%.

There are specific criteria that come with these bonuses though. While you may get a bonus for signing up to the site you cannot withdraw the bonus until you meet a specific list of requirements. These include making a financial deposit and fulfilling a minimum trading volume.

One example of a broker requiring a minimum trading volume stipulates that before withdrawal $1,000,000 in volume must be traded! Other factors require you to deposit cash within a particular time frame and also proving your identity. You will be required to do this before making any withdrawal.

One of the benefits of crypto day trading is the potential profits available.

How we rate crypto platforms

As with all of our reviews and recommendations we don't just base our ratings on internet research alone. Our team of experienced traders use every platform to test the experience for themselves. They use their extensive years of successful day trading experience to ensure that they check each site on every aspect of day trading. Only when we are satisfied that they offer an excellent all-round service will we put our name to recommending them.

While there are many cryptocurrency platforms out there, our experience means that we know what we are looking for and ultimately, what you are looking for in a broker. We deposit funds just like any other trader, use the live platforms, test the customer service and make several transactions to get a good feel for the broker and the claims that we make.

We test all aspects of the website from its ease of use and trading on the move to the app that they may offer. We substantiate their claims through our own experience so that we can bring you enough information to make the right selection. Then all you need to do is read the reviews and select the best one for you, saving you hours trawling through the internet conducting your research.

The top 10 bitcoin and crypto investing sites

Updated: january 1, 2021 by robert farrington

There are thousands of financial products and services out there, and we believe in helping you understand which is best for you, how it works, and will it actually help you achieve your financial goals. We're proud of our content and guidance, and the information we provide is objective, independent, and free.

But we do have to make money to pay our team and keep this website running! Our partners compensate us. Thecollegeinvestor.Com has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. The college investor does not include all companies or offers available in the marketplace. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with).

For more information and a complete list of our advertising partners, please check out our full advertising disclosure. Thecollegeinvestor.Com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. All products and services are presented without warranty.

Investing in bitcoin is all the rage but how exactly does a beginner get started?

Do you need to already have bitcoin to invest?

Or do you transfer money from your bank account to somewhere and convert it to bitcoin? What does that look like?

We’ll answer all of these questions and list 10 popular websites for investing in bitcoin.

Going forward, we’ll use BTC, which is the symbol for bitcoin on exchanges and trading platforms.

If you just want to earn a high return with crypto, you might consider a crypto savings account. These accounts pay up to 12%, but do come with risks (just like regular crypto investing). Check out the best cryptocurrency savings accounts here.

Bonus offer: blockfi is currently offering an amazing promotion where you can get $250 in BTC if you open an new account with $25 and meet qualifying criteria. Open an account here >>

How to invest in bitcoin

Investing in BTC is similar to investing in stocks, except far more volatile because of the daily swings in BTC. Here are the steps to invest in stocks from the beginning:

Open a brokerage account at a firm that allows crypto investments

Deposit funds from your bank into the brokerage account.

Buy a stock using deposited funds (cash balance).

Later sell the stock for a gain or loss. Funds are returned to your cash balance.

The main difference with BTC is for step three; you buy BTC or another cryptocurrency instead of stock.

With BTC, the above flow is similar in most cases but it depends on the exchange or trading platform. In some cases, you can buy BTC using your credit card or by transferring funds from your bank account.

For other platforms, you must transfer BTC directly. This is known as a direct deposit of BTC.

We’ll discuss how to invest in BTC for US citizens. The methods vary across countries because of differences in laws and regulations. Some countries require more private information than others to verify you are legitimate.

How to deposit USD to buy bitcoin and crypto

Coinbase is one of the most popular platforms and has a straightforward process. Some of the mentioned websites below will follow this same process. We love coinbase because you get $10 if you invest $100.

With coinbase, you open a coinbase account and link your bank account or credit card. Then transfer funds from your bank account to purchase BTC or purchase using your credit card. Credit card purchases of BTC are the most expensive.

The mechanics of purchasing BTC involve entering a USD amount or a BTC amount. The website will then convert the other currency.

For example, if you enter in 500 USD, the website will fill in the BTC side with 0.0357 (or what ever the current BTC exchange rate is).

Once you have the amount filled in, click to purchase your BTC. While credit card transactions cost the most, they are also the fastest to complete BTC transactions.

Bank accounts can take up to a few days. Keep in mind that you will get the exchange rate at the time you purchased BTC.

If BTC goes up 1000 by the time your transaction completes three days later, you’ll miss out on the rise.

Where exactly does the BTC you’ve purchased go? After all, you haven’t invested it yet. Your BTC sits in what’s called a digital wallet. Most all exchanges have their own wallet that you use to contain your BTC.

Going back to the brokerage example, your cash balance is used to trade stocks. BTC in your wallet is used to trade BTC.

Your wallet has a space for BTC and USD. If you deposit 10,000 USD and buy 5,000 USD of BTC, your wallet will look like this:

Wallets are a big topic of discussion when talking about cryptocurrencies. We won’t go into depth with them but you can use a stand-alone wallet if you don’t want to use the exchange’s wallet. Electrum.Org is one example of a stand-alone wallet. This can be desktop, mobile or website based.

You can even use a hardware wallet such as ledgerwallet.Com.

Once you’ve deposited funds with the exchange of choice and purchased BTC, you’re ready to invest. Trading platforms on the exchanges look very similar to brokerage platforms.

You’ll have a chart and buy/sell buttons with the amount of BTC to trade.

When trading in BTC, you can exchange into other cryptocurrencies, which is another method for selling BTC. Or you can exchange out of another cryptocurrency and into BTC, which is the same as buying BTC.

Direct deposit of BTC

In the case that the exchange doesn’t allow purchasing BTC by transferring funds or using a credit card, you can deposit BTC from another exchange.

This is done by getting your wallet address from the target exchange. Then enter it on the source exchange along with the amount of BTC to transfer to the new exchange.

The transaction takes a few minutes for the exchanged BTC to appear in the target wallet.

Top 10 most popular bitcoin and crypto investing sites

Here is our list of the 10 most popular bitcoin and crypto sties.

1. Coinbase

As we mentioned above, coinbase is by far the most popular because you can invest directly with USD. However, you can only currently purchase bitcoin, ethereum, and litecoin on the plaform.

Plus, when you open a coinbase account and deposit $100, you get a $10 bonus!

2. Gemini

Gemini is a popular platform to invest in crypto because of its focus on security and transparency. Unlike some exchanges that appear vulnerable, gemini makes it a focus to protect its customers.

Plus, when you open a gemini account and deposit $100, you get a $10 bonus!

3. Blockfi

Blockfi is a cryptocurrency investment platform that allows you to lend and earn interest on your holdings. Also, instead of selling your coins and tokens, you can also borrow against your holdings.

If you're just looking to hold your tokens, you can also just let them earn interest for you.

Bonus offer: get up to $250 bonus when you make a $25 deposit and maintain it for the specified period of time.

4. Robinhood

Robinhood offers free crypto trades on their platform. They are starting in just a few states, and with just bitcoin and ethereum, but they plan on expanding this quickly. There are limitations, but it's free!

Plus, when you open a robinhood account, you get a free share of stock!

Get a free share of stock!

5. Etoro

Etoro has been around for a while in the UK and throughout europe, but they are now allowing traders in the united states. They offer a huge variety of digital assets to buy and sell on their platform, and even better, they have a practice trading account so you can give it a try before you actually use real funds.

Bonus offer: right now, you can earn up to a $500 bonus when you open a new account and open $5,000 worth of crypto trades by january 31, 2021. Open an account here >>

This ad promotes virtual cryptocurrency investing within the EU (by etoro europe ltd. And etoro UK ltd.) & USA (by etoro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

6. Bitcoin IRA

Bitcoin IRA is a little different than the other platforms here. Unlike most exchanges and wallets, you're basically just exchanging currency and are subject to paying taxes on your gains (learn how taxes on your cryptocurrencies work here).

With that being said, bitcoin IRA combines the best of being a crypto wallet and exchange, with also being an IRA. That means that your gains inside the account are tax free or tax deferred.

7. Hitbtc.Com

Advertised as the most advanced bitcoin exchange. Not as easy to use as some of the top platforms on this list.Try hitbtc here.

8. Binance

A great platform for getting into some currencies like cardano or neo. Not as easy to use as some of the top platforms on this list.Try binance here.

Note: binance is not longer allowing US citizens to open an account.

9. Kraken.Com

Allows margin trading. Not as easy to use as some of the top platforms on this list. Try kraken here.

10. Coinmama.Com

Coinmama differentiates itself by letting you buy crypto with a credit card, debit card, apple pay or bank transfer. It supports most the the popular tokens. Not as easy to use as some of the top platforms on this list. Read our full coinmama review here.

Final thoughts

Investing in BTC isn’t much different from investing in stocks. With BTC, you need to open an account with an exchange. With stocks, you open an account with a brokerage. Then you deposit funds.

The only difference with investing in BTC is that you have to purchase BTC, first using deposited funds, before you can trade BTC. Although, your initial purchase of BTC is your first opening trade.

Have you ever used any of these sites?

Robert farrington is america’s millennial money expert® and america’s student loan debt expert™, and the founder of the college investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him on the about page, or on his personal site robertfarrington.Com.

He regularly writes about investing, student loan debt, and general personal finance topics geared towards anyone wanting to earn more, get out of debt, and start building wealth for the future.

He has been quoted in major publications including the new york times, washington post, fox, ABC, NBC, and more. He is also a regular contributor to forbes.

So, let's see, what we have: the tremendous benefits brought to us by the technology of the blockchain, one of the most important, the emergent of cryptocurrencies, have gained much popularity amongst different calibers of individuals as a result of its different use-cases fitting almost every aspect of human lives. With the rapid growth rate being experienced in the community, it’s […] at crypto trading sites