5 Best Crypto Exchanges To Buy Bitcoin (BTC) Top 5 CeX
5 Best Crypto Exchanges To Buy Bitcoin (BTC) Top 5 CeX
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Top 5 Crypto Exchanges to Buy Bitcoin (Best CeX)
In today’s article, I am going to share a list of the five best crypto exchanges that you can use to buy Bitcoin in 2021.
So, without any further ado, let’s get started:
#1. Binance
Website – https://www.binance.com/en
With over 397 coins and 45+ fiat currency support, Binance is probably the biggest crypto exchange in the world. It was founded back in 2017 with the main focus on altcoin trading, but the platform dominated the global crypto exchange space within a couple of years. Currently, Binance makes around 25-35 billion of cryptocurrency trading volume daily.
The best thing about the platform is that it supports 12 fiat currencies to deposit or withdraw funds and over 45 fiats for trading. Another good thing about Binance is that it has a much lower trading fee compared to other exchanges in the market.
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Not only that but if you choose to pay through Binance Coin (BNB), the trading fee can be reduced even further. So, overall, if you are a beginner or an intermediate user, I highly recommend using Binance to buy Bitcoin.
#2. Coinbase
Website – https://www.coinbase.com/
Coinbase is one of those crypto exchanges that has never been related to any controversy or something. Coinbase allows you to trade 119 coins in 367 pairs, and it supports three fiat currencies, USD, EUR, and GBP, for deposit and withdrawal. The best thing about Coinbase is its custodial wallets.
These custodial wallets carry insurance against hacking, data breach, or other mishaps. So you will have all your funds safe in any mishap scenario, and Coinbase will be responsible for it.
While these custodial accounts are great for beginners and intermediate users, the only drawback is that Coinbase, not you, will own the private keys of those wallets. This is why big investors prefer to have their own crypto wallet to store all their coins, but these custodial wallets are great for any intermediate or beginner investor or trader.
#3. Coinmama
Website – https://www.coinmama.com/
Coinmama is amongst one of the oldest and most reliable crypto trading platforms. It is available in over 188 countries with a user base of more than 3 million users. Coinmama was also the first crypto exchange that allowed users to make their purchases using credit cards. In addition, the easy-to-use interface of the website makes it an ideal choice for all beginner and intermediate investors.
The account verification process on Coinmama is way faster than other exchanges. The complete account verification roughly takes around two hours. The platform supports five major fiat currencies that include USD, Euro, GBP, Canadian Dollar, and Australian Dollar.
You can deposit other currencies too through SWIFT payment mode. Still, the minimum deposit amount for a SWIFT deposit transaction is $250, and the delivery time could range between three to five working days.
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#4. eToro
Website – https://www.etoro.com/
eToro was founded back in 2007 in Israel. Since then, it has built a community of over 13 million investors, making it one of the world’s largest and oldest brokerage companies. Initially, it was just a stock brokerage company, but later, in 2014, eToro joined the cryptocurrency world by launching eToroX, a cryptocurrency exchange.
eToro was amongst the first few brokerage firms that offered CopyTrading features to its customers. Another great feature of eToro is the recommended crypto portfolio.
This feature is really great for beginners as it uses an AI algorithm that analyzes the market and suggests which crypto you should invest in. To be frank, I won’t suggest you completely rely on this tool, but it can be handy.
#5. Kraken
Website – https://www.kraken.com
Lastly, we have Kraken on our list. Kraken is an excellent platform for futures and margin crypto traders. It has over 95 cryptocurrencies with a bunch of options for both retail and institutional investors. The platform is available in over 200 countries with a daily trading volume of 1.5 billion and one of the highest liquidities.
For margin Bitcoin trading, you can borrow up to five times your account balance to trade on various crypto assets. The futures trading option is only available for Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple.
Additionally, you can enjoy other features such as expert insights, one-on-one consultations, account management support, and more. Overall, Kraken is an excellent platform for someone already into futures or marginal crypto trading or somebody who wants to get into this.
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