4 Best Cryptocurrency Exchange Investors Must Consider

Since the birth of Bitcoin, the number of cryptocurrencies available in the market has also shown a constant increase. This provides newbie investors with a wide array of choices to buy, sell or trade their hard-earned cash for a decentralised digital asset. 

If you’re a beginner who just started to catch a glimpse of the cryptocurrency world, it’s normal to get lost and be overwhelmed by the too much information that you need to intake. But among all the information that you need to know, one common thing that newbie investors wonder about would be how to start investing in cryptocurrency?

In cryptocurrency, the most important factor that you should think of is the security of your account. Throughout the years, there have been cases of hacking and theft that leave investors no choice but to just wish they provided more security to their accounts. Cases like these can be minimised or avoided by choosing a safe cryptocurrency trading platform like Yuan Pay Group.  

In recent years, more and more cryptocurrency exchanges emerged in the market, leaving investors confused as to where to invest and which exchange should they entrust their assets with. Several factors can affect and make sure you choose the right option: safety measures, amount of cryptocurrency available, trading charges, user-friendliness and many more. These factors have a huge impact on helping you decide the best cryptocurrency trade for you. 

To help you get started, check out four of the best choices that consist of thousands to millions of investors enjoying the benefits and performing transactions in their platform, and find out which one suits your goals the best.

  1. Coinbase

Coinbase is currently the most popular and used crypto exchange among investors in different parts of the world. Since its foundation in 2012, the number of investors who engage in the platform has constantly been increasing, and as the years went by, the numbers just show a positive rise.

This is the most recommended platform for new investors due to its features like the user-friendly design, simple welcoming process, and a $5 Bitcoin giveaway just for creating an account. Beginners who are not yet familiar with how everything in crypto works would be glad about this platform’s easy to navigate interface that allow them to purchase different cryptocurrencies in the simplest way.

Coinbase is as efficient to advance and experienced traders as it is to newbie investors. The platform also provides advanced, powerful tools for power investors that don’t need a refresher and wants to dive into a cryptocurrency exchange and start trading. 

The downside of Coinbase is it holds a higher price and a few payment options as compared to other cryptocurrency exchanging sites. It also has an intricate fee structure, making traders pay high trading charges onto their trades.

  1. Robinhood

Robinhood may not be as famous as Coinbase, but it has some interesting and helpful features that attract firms and individuals to invest in it. The platform’s mobile application is popular for its commission-free stock trading and not allowing traders from vending GameStop Corporation and other places known as “meme stocks.”

Robinhood began deploying cryptocurrency trading in 2018 and has gradually developed the cryptocurrency feature of the mobile application, which allow users in exclusive areas to buy, sell or trade only seven cryptocurrencies – Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin.

Many are hooked up with Robinhood due to its user-friendly application, which is helpful, especially for newbie traders who are just starting their cryptocurrency journeys. The creators of Robinhood, Vladimir Tenev and Baiju Bhatt, incorporate a company’s mobile-first mindset. This led to the development of the platform’s free and super easy-to-use application. 

  1. Yuan Pay Group

Yuan Pay Group uses a comprehensive system that incorporates art technology to connect traders with the latest trading software used by the best brokers in the country. This platform allows its users to buy, sell, or trade cryptocurrencies in just a few clicks – Bitcoin, Ethereum, Stellar, Litecoin, and Chainlink.

Yuan Pay Group is an exchange that is designed to help investors gain access to the fast-growing Bitcoin and perform transactions in the cryptocurrency market. Its well-designed portal allows investors from anywhere in the world to maximise their potential and skills to experience the volatility of the market and utilise its nature to their benefit. 

In addition, this platform also connects with well-known global exchanges like Coinbase, Binance, Kraken and other cryptos that collect data for Bitcoin and other cryptocurrencies. Then uses and processes this data and compares it with the previous profit-making trade conditions to come up with winning predictions.

  1. Binance

Binance was founded in 2017 and has quickly established a name in the cryptocurrency market. This platform originated in Hongkong and held more than 500 different cryptocurrencies. And has a simple interface to allow traders to easily move between the normal and advanced versions of the site as they progress in their cryptocurrency journey.

This platform’s easy-to-use feature might be attractive and best for new traders, but it’s extremely helpful as well for day traders due to its user-friendly mobile application, low trading fees, and accurate charting tools, which enables a simple and quick cryptocurrency trade. 

It’s not surprising how Binance has skyrocketed to the list of biggest cryptocurrency trades in the world due to its reliable and powerful features. However, Binance may not bring good news to investors who wish to directly exchange traditional currencies like dollars to digital assets since the platform doesn’t support the feature – instead, it supports credit and debit cards. 

When it comes to security and cyberattacks, Binance is not an exception as well. Last 2019, just two years after it was developed, Binance was targeted by ransomware hackers – gathering a total of 7,000 Bitcoins, in which Binance reported hackers as using a “variety of attack methods to carry out a large scale security breach.”

However, due to its stable and positive development, Binance was able to provide an insurance fund to make up for the stolen assets. This act just proved that the platform is a reliable one and consists of strong tools available for their traders who plan on diversifying their assets and investing in different digital currencies.

In recent years, the continuous development of the cryptocurrency market has been a hot topic in the past years. Even until now, traders and investors have kept their eye on the promising profits of digital currency. If you want to start a crypto trading career, it’s wise to invest some time doing research and studying the cryptocurrency exchanges available in the market and determine which ones align with your cryptocurrency goals.


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