10 Best Websites Cryptocurrency Exchange Websites (Pros and Cons)

If you’ve been following the crypto space recently, then you will know how volatile it can be. There are constant fluctuations in prices and new coins are emerging almost every day. Keeping track of all these new cryptocurrencies, their market caps, trading pairs, volume analysis, and other stats on various exchanges is a Herculean task. It takes a lot of time and effort to research individual coins and come up with an analysis that helps you identify profitable opportunities. Luckily for us, there are many websites out there that have made this process much easier for the average investor. In this post, we’ll take you through some of the best websites for cryptocurrency exchange and analysis.

 

1. Gemini

Gemini Review: Pros, Cons, and Who Should Set up an Account

Gemini is one of the first major crypto exchange platforms. Today, Gemini is known to be one of the largest by assets.

Pros:

Cons:

Easy to use App User Interface

 

Limited payment methods

 

Exchange by assets

 

Unreliable customer service

 

Provides support for major assets

 

 

 

2. Uphold

Crypto Platform Uphold To Acquire NY-Based Broker-Dealer

Upholds lets you open one account and trade multiple assets, eliminating the need of making a trip back to cash. You can also trade multiple assets directly.

Pros

Cons

Transparent pricing structure

 

Not easy to use for beginners
A lot of crypto tokens available along stock options

 

Available both, in desktop and mobile

 

 

 

3. Coinbase

Coinbase Review: Pros, Cons, and Who Should Set up Account

You must have already heard of Coinbase as it has made it way through the crypto fame. Coinbase lets you invest directly with USD and gives you an option to earn interest on you USDT as you earn rewards by completion of varies activities/achievements.

 

Pros

Cons

Very easy user interface

 

High fees without Coinbase Pro account
Wide selections of tokens

 

High level and reliable security

 

4. Binance

Binance Blog Articles

A great platform to get into some currencies like Cardano and Neo. It’s not as easy to use as the top platforms on this list, but it has one of the most robust trading platforms. They have a decent mobile app, but again, it wasn’t that easy to use and we were frustrated with it. Try Binance here.

Pros

Cons

Faster transactions times

 

Not available in all states of the USA

 

One of the lowest fees available

 

Limited customer support

 

 

5. Kraken

Bitcoin & Cryptocurrency Exchange | Bitcoin Trading Platform | Kraken

Kraken is one of the original crypto trading platforms and has a large selection of coins and tokens that can be used to trade and invest. Margin trading is also possible. However, this is a real exchange and not as easy to use as the top platforms on this list.

Pros

Cons

One of the longest running crypto exchanges

 

Users might face difficulty with 2FA
High level of security and trust

 

Difficult to use for beginners

 

Large variety of crypto and tokens to trade

 

 

6. Bitstamp

Bitstamp

Bitstamp is one of the oldest and most established cryptocurrency exchanges. Founded in 2011 and has been in operation for over 10 years. We offer over 70 tradable tokens.
Bitstamp has volume-based pricing, instant crypto purchases with a credit or debit card, and a solid mobile app.

Pros

Cons

One of the longest running cryptocurrency exchanges

 

Limited assets to earn staking rewards and not available to all users.
70+ tokens available

 

Low trade fee

 

 

7. eToro

eToro Review 2022 | NextAdvisor with TIME

eToro has been used across the UK and Europe for some time, but now allows traders in the US. They offer a wide range of digital assets to buy and sell on their platform.

 

Pros

Cons

Worldwide options for trade

 

Not available in all states of the USA

 

Copying other trader’s portfolios available

 

Does not support as many tokens and coins

 

Low minimum starting amount

 

 

8. Bitcoin IRA

Bitcoin IRA™ Launches Next Generation of Crypto IRA Services for Digital Assets | BitcoinIRA.com

Bitcoin IRAs are a little different than other platforms. Unlike most exchanges and wallets, you basically just trade currencies and you have to pay taxes on your profits (read more about how taxes work for cryptocurrencies).

Pros

Cons

Reliable and high security options

 

High minimums amount

 

High fees

 

Doesn’t support as many tokens and coins

 

 

9. Crypto.com

Crypto.com: The best place to buy Bitcoin, Ethereum, and 250+ altcoins

Crypto.com is one of the largest and fastest growing cryptocurrency exchanges. Although we are based in Hong Kong, we provide a lot of support to our US-based customers.

Pros

Cons

Wide options of coins and tokens

 

Fee structure is complicated

 

Debit cards supported

 

Only mobile app available

 

Weekly interest on crypto savings available

 

 

 

10. BlockFi

BlockFi Receives Helping Hand From FTX Amid Market Volatility

BlockFi is a cryptocurrency investment platform that allows you to lend your holdings and earn interest. Instead of selling your coins or tokens, you can borrow against your holdings.

Pros

Cons

No commissions and fees

 

Doesn’t support many tokens and coins

 

High interest on deposits

 

Free withdrawals are limited

 

 

 

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