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The Best Apps to Buy Cryptocurrency

Cryptocurrency

Are you looking to buy cryptocurrency? or to sell cryptocurrency? To do that, you’ll need a cryptocurrency exchange. This cryptocurrency exchange works like a stockbroker and helps you buy and sell cryptocurrencies. What you have to do, is to use the best and most secure cryptocurrency exchange with a low exchange fee.

Also Read: Cryptocurrency ban in India paves the way for official digital currency

Points to be noted while choosing the best cryptocurrency exchange:

  1. Security
  2. Supported Currencies
  3. Exchange fee
  4. Deposit Options
  5. Withdrawal Options

Best Cryptocurrency Exchanges:

1. Binance: The Binance Exchange was founded in 2017. It evolved through the years. As of November 2021, it dominates the global exchange space. Binance has a long list of the most popular digital currencies. It charges a lower fee than other exchanges. It has an advanced chart listing.

The exchange only allows for U.S. dollar deposits by global users via Society for Worldwide Interbank Financial Telecommunications (SWIFT), but it does allow you to directly purchase a select number of cryptocurrencies with a credit or debit card. Deposits using 12 other fiat currencies are allowed, including the Euro. 

Binance is suited to people who want to trade or invest in lesser-known altcoins. Binance offers more than 50 different cryptocurrencies to trade and is a good option for anyone who wants more advanced charting than most other exchanges. The features, charting abilities, and data that come with your account are truly impressive, especially when you consider their reasonable fees.

2. Bisq: Bisq is a decentralized, open-source exchange with no Know Your Customer (KYC) requirements. Bisq is downloadable software and a peer-to-peer decentralized Bitcoin and cryptocurrency exchange, so it has no central point of failure and cannot be taken down, much like Bitcoin itself. Bisq is non-custodial, meaning no one other than the user touches or controls the user’s funds.

It differs from centralized exchanges, like Coinbase, as Coinbase controls the user’s funds in a custodial account to which the user does not have the private keys. In that scenario, Coinbase holds the right to freeze your account if it deems your account activity suspicious, whether or not the activity is illegal in your location.

3. Coinbase: Coinbase makes buying and selling cryptocurrencies very easy with strong security. Additionally, Coinbase offers Coinbase Pro with the same fee structure but significantly more features in terms of charts and indicators.

While the cryptocurrency industry has been fraught with fraudulent coins and shady exchanges, Coinbase has largely avoided any controversy. Coinbase offers an extremely easy-to-use exchange, greatly lowering the barrier to entry for cryptocurrency investment, which is typically seen as confusing and convoluted. 

Coinbase also offers insured custodial wallets for investors and traders to store their investments. They carry insurance against data breaches and hacking, and your cash is stored in Federal Deposit Insurance Corporation (FDIC)-insured bank accounts, which is important since users have reported accounts being hacked and funds being drained. The Coinbase custodial accounts are very convenient for newer users just getting their feet wet, but Coinbase owns the private keys to the coins, not the investor.

Additionally, Coinbase also offers the Coinbase Pro version with the same fee structure but significantly more options in terms of charts and indicators. Coinbase Pro is a perfect next step for those who have learned the ropes using Coinbase, and it helps round out the overall offering by adding features that the more advanced user would want.

Caution: Cryptocurrency is extremely volatile. Investing and trading in cryptocurrencies is risky and should be done with caution.

Conclusion:

If you want to start trading or investing in cryptocurrencies, it’s critical to select the appropriate exchange for your needs. There is a decent alternative for you whether you want the most currencies, the lowest fees, or the easiest experience. All you need is a funded account to buy your first bitcoin, whether it’s through our overall winner Coinbase or a competitor like Binance.

KSR

Hi there! I am the Founder of Cyber World Technologies. My skills include Android, Firebase, Python, PHP, and a lot more. If you have a project that you'd like me to work on, please let me know: [email protected]

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