These days, it appears like everyone wants cryptocurrencies. You’ll need a crypto exchange to buy and sell digital currencies like Bitcoin, Ethereum, and Dogecoin to get in on the fun.
Going forward, we’ll use BTC, which is the symbol for Bitcoin on exchanges and trading platforms.
Forbes Advisor went through the leading exchange offerings and reams of data to discover the finest crypto exchanges to help you choose the appropriate one. All of them, however, come with one caveat: cryptocurrency investments are speculative, and should only be made if you’re willing to endure huge price swings and a reasonable risk of losing your entire investment.
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)
Crypto Exchanges and Investing Platforms
Here is our list of the 10 best cryptocurrency exchanges and investing or trading platforms. The crypto offers that appear on this site are from companies from which The College Investor receives compensation. This compensation may impact how and where products appear on this site The College Investor does not include all cryptocurrency exchanges or all crypto offers available in the marketplace
Because you can invest directly using USD, Coinbase is by far the most popular and one of the best cryptocurrency exchanges. On the site, you may buy Bitcoin, Ethereum, and Litecoin, as well as more than 30 additional coins and tokens. You can also earn interest on your USDT and token prizes by participating in various activities.
Plus, if you use our link and promo code (COLLEGE10)* to register a new Coinbase account, you’ll get a $10 bonus!
Because it was one of the earliest publicly traded exchanges, Voyager is a popular place to invest in cryptocurrency. They are app-based and provide a commission-free trading environment.
Voyager accepts the majority of major cryptocurrencies, offers excellent customer service and involvement, and offers reasonable interest rates on assets.
Plus, if you open a Voyager account and trade $100 in crypto, you’ll get $25 in BTC.
BlockFi is a bitcoin investing platform that allows you to lend your cryptocurrency and earn interest on it. You can also borrow against your assets rather than selling your coins and tokens.
If you merely want to keep your tokens, you can let them earn interest on their own.
Bonus Offer: Get a bonus of up to $250 when you deposit $25 and keep it for the required amount of time.
Uphold provides a straightforward approach to trading numerous assets: open a single account and trade multiple assets without having to return to cash. If you’ve ever traded cryptocurrency, you’re aware that many currencies and tokens only trade in specific pairs, so you’re always returning to BTC or ETH. On the other hand, you can trade many assets at once on Uphold.
Plus, Uphold is one of the few exchanges that accepts XRP, DOGE, and other cryptocurrencies.
Kraken is one of the first cryptocurrency trading platforms, with a wide range of coins and tokens to trade and invest in. They also allow you to trade on margin. It is, however, a real exchange that is not as user-friendly as other of the top platforms on this list.
Kraken is one of the few platforms on this list that lets you trade DOGE and other riskier tokens.
Note that US clients have access to a smaller selection of coins and tokens than international customers.
eToro has been available for a long in the United Kingdom and Europe, but it is now open to traders in the United States. They have a large selection of digital assets to purchase and sell on their platform, and they even have a trial trading account so you can try it out before investing real money.
eToro is also currently providing a $10 bonus if you deposit and trade $100 in cryptocurrency.
This advertisement encourages virtual cryptocurrency investments in the EU (by eToro Europe Ltd. and eToro UK Ltd.) and the United States (by eToro USA LLC), which are highly volatile, unregulated in most EU countries, lack EU protections, and are not controlled by the EU regulatory framework. Market risk, including the loss of principal, exists in all investments.
7. Bitcoin IRA
Bitcoin IRA isn’t like the other platforms on this list. Unlike most exchanges and wallets, you’re essentially exchanging currency and must pay taxes on your profits (learn how taxes on your cryptocurrencies work here).
As a result, Bitcoin IRA combines the best of both worlds: a crypto wallet and exchange, as well as an IRA. This means that any earnings you make within the account are either tax-free or tax-deferred.
Crypto.com is one of the most popular and rapidly expanding cryptocurrency exchanges. It’s situated in Hong Kong, but it provides a lot of help to consumers in the United States.
Right now, you can choose from over 90 tokens and coins around the world, as well as 50 tokens and coins in the United States. In addition, their crypto savings accounts have competitive rates.
The one big disadvantage is that it is now only available as an app; there is no desktop platform.
A fantastic way to get started is with cryptocurrencies like Cardano or Neo. Although not as user-friendly as some of the other sites on this list, they do offer one of the most comprehensive trading platforms available. They do offer a competent mobile app, but it’s not as easy to use as the desktop version, and we’ve been disappointed with it. Binance is a good place to start.
Note that compared to the international version of Binance, Binance.us has a smaller selection of coins and tokens to invest in.
Check out Hodlnaut if you’re seeking for a cryptocurrency trading option. Hodlnaut is a cryptocurrency-based savings and lending company that focuses on Bitcoin and a number of stablecoins.
Using their platform’s saving and lending options, you may earn up to 7.46 per cent on your bitcoin and up to 12.73 per cent on your USDC right now.