If you’re looking for the best crypto exchanges for beginners , you’re in the right place. Cryptocurrency has grown at the fastest pace of any financial instrument in history. Cryptocurrency looks to see growth of roughly 50x in the next 6 years. That’s pretty insane. So now would be the prudent time to get started. We’ve laid out 5 of the best exchanges that are great for active trading or becoming a passive investor in crypto.
Best Crypto Exchanges In 2023 – Summarized List
- Uphold – Visit Site
- Binance US – Visit Site
- Coinbase – Visit Site
- BlockFi – Visit Site
- Robinhood – Visit Site
1. Uphold
Uphold is a crypto trading platform that allows a trader to buy, store, and even convert assets. It’s one of the best trading platforms as it also allows traders to trade more than one asset. Uphold is beginner-friendly and is easy for new users to operate and navigate easily. You can get started on Uphold here.
Pros
- It allows traders to send assets instantly to others
- It allows for the trading of numerous assets
- Free to send money to friends
Cons
- Fewer educational resources compared to other platforms
2. Binance US
Binance US is one of the best crypto exchanges, it offers more currencies beyond mainly digital coins and also offers lower trading fees compared to other providers. If you are looking for a lower fee crypto exchange then binance is for you. You can get started on Binance US here.
Pros
- Large amount of coins for trading
- Low trading fees
- Fast transaction times
- User friendly for both app and desktop
Cons
- Not available in all states
3. Coinbase
In case you are considering a platform with a wide selection of cryptocurrencies; then you are good to go with Coinbase. Coinbase doesn’t just accept various cryptocurrencies, it also has good educational materials and resources that can help to step up your game as a crypto investor, and it is also user-friendly. You can get started on Coinbase here.
Pros
- It has a large range of cryptocurrencies
- One of the best platforms with good educational materials
- It is simple and easy to use when compared to other platforms
Cons
- Higher transaction fee than other exchange platforms
4. BlockFi
BlockFi is an exchange you can trade and use as a savings account. It allows you to stake certain coins to earn passive income. Which is honestly awesome. BlockFi is available worldwide except in sanctioned countries. You can get started on BlockFi here.
Pros
- There is no minimum deposit
- BlockFi is available all over the world
- Allows you to earn passive income
Cons
- Smaller coin selection available
5. Robinhood
Robinhood is one of the platforms that attract people because it is very easy to use and beginner friendly. Robinhood, a US-based wallet was founded in 2013. Robinhood is a platform that requires zero balance to open accounts, and it has no minimum deposit. Though it has limited educational materials. You can get started on Robinhood here.
Pros
- Very user-friendly
- No minimums to get started
- No trading fees
Cons
- Small coin selection
Benefits To Investing In Crypto
While many people are wondering if it would be wise to join the moving train of investing in crypto, it is important that you don’t delay any further, if you’re in this category. Cryptocurrency has yielded and is still yielding impressive dividends to investors, and here’s why you’d consider investing in it as well. Below are seven benefits to investing in crypto.
- Greater Growth Opportunities
Obviously, the greatest dream of an investor is to have great results from whatever amount is invested. Cryptocurrencies grow at an incredible rate making investors richer. For example, those who invested in bitcoin ten to fifteen years ago can testify to the interesting growth on their portfolio.
- Decentralization
The cryptocurrency market operates on a decentralized system, such that the transactions, supervision, and decisions made does not come from a centralized association or authority as compared to the traditional business activities that agents and banking institutions tend to oversee. This has enabled individuals and investors to deal with each other without a third party or a central authority having a say in the business.
- Low Transaction Costs
Though transaction fee still applies in some crypto transactions, the cost is quite low compared to the traditional business dealings in which Middle parties like banks, agents, and institutions charge a lot. In cryptocurrency markets, these middle parties are cut off which also eliminates the excessive charges.
- Shorter Time To Process Transactions
Since blockchain technology is limited to peers it takes a short time to complete transactions and traders do not have to wait for long periods before the transaction is completed. This is a great advantage in the crypto market as it allows you to trade faster and with ease.
- Diversification
The crypto exchange market is so diverse that it allows traders and investors to trade and deal with many coins and assets. Cryptocurrency comes with a lot of offerings for investors, which makes it easier to diversify and choose what they want.
- More Privacy
In the crypto market, one can attain a certain level of privacy since there is no third party like the banks to handle your transaction. Having your personal information and other information confidential is one of the benefits of the cryptocurrency exchange market
- Easy To Use
The cryptocurrency market is easy to learn, operate, and invest in. With your PC or just with a smartphone, you can make tangible profit-yielding investments in cryptocurrency.
Final Thoughts
Are you looking to invest in a fast-growing market? Then crypto is a platform to do this effectively. As explained above, crypto has a lot of benefits if you do it the right way. The utility crypto has is of great benefit to thousands of people all over the world who put in their best in the market.
If you are still planning on starting, now is the right time. Crypto is a vehicle that can allow you to build and grow your wealth for years to come. It doesn’t matter if you’re starting with $100 dollars or $10,000 dollars. Just getting started is 99 percent of the battle. Good luck on your crypto journey whichever exchange you decide to go with.
[wpforms id=”33949″ title=”true”]
