Years ago, cryptocurrencies were an academic concept that was majorly unknown to the world's population. But all this changed after the emergence of Bitcoin in 2009. Most people recognize the cryptocurrency market with Bitcoin. The crypto market continues to gain traction in various facets of government, business, and personal activities. Since our generation is becoming more technologically driven, individuals wish to realize their financial dreams through the digital medium itself. Financial providers, in particular, are looking for various other methods to create cryptocurrency models and ascertain how they can provide financial services in a more non-traditional and transparent manner. There are various sites which are exchanges, trading, or ICO sites that offer various means to generate profits by investing in a cryptocurrency. In this article, we have listed such top sites that are either cryptocurrency exchanges or platforms and can offer great means of profits.
Coinbase is by far the most popular and one of the best cryptocurrency exchanges that investors can use. They are subjected to purchase more than 30 other coins and tokens, including major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Apart from this, the users can also gain interest in their USDT, and earn token rewards by completing various activities.
Binance needs to introduction regarding its presence and contribution to the crypto market. This platform is extremely useful for beginners and advanced users. The site has an in-built option in its interface that enables the users to switch between two modes, something which proves that it's quite user-friendly. Also, the users will never face any liquidity issue while using Binance since it is one of the top exchanges based on volume.
Voyager is a popular platform to invest in crypto as it was one of the first publicly traded exchanges that are quite system-driven and offer a commission-free trading structure. The platform supports most cryptocurrencies in the market, has solid support and engagement, and pays competitive interest rates on assets.
BlockFi is a cryptocurrency investment platform that enables users to lend and earn interest on holdings. So, rather than selling the coins and tokens, they can also borrow against their holdings. Investors can also earn interests, as and when they hold their tokens.
Kraken is another crypto trading platform that possesses a good selection of coins and tokens to trade and invest in. They also allow margin trading and are one of the few platforms that allow investors to trade in Dogecoin and other risky coins. But Kraken is generally used by expert crypto investors and apparently not so easy to use.
Bitfinix is one of the oldest players in the crypto exchange domain and is widely used by beginners. The platform is enormous by volume so the investors do not need to worry about liquidity while buying or selling in this exchange. The exchange UI is clean and has sufficient instructions on each page efficiently.
KuCoin is a brilliant crypto exchange and has been receiving a lot of traction over the past few months. The increased traction is mainly due to the exchange team's contribution in making its interface easy to use and easy to navigate. KuCoin Shares also enables the investors to earn extra passive income in the form of the exchange fee.
Changelly is one of the easiest cryptocurrency exchanges in the market. With the help of this platform, investors can send one currency and swap it with another supported currency. They do not even have to undergo the tedious KYC process while registering and require only to sign in with their email id.
eToro has been around for a while in the UK and throughout Europe, and currently has expanded its branches in the United States. The platform offers a huge variety of digital assets to buy and sell. They also practice trading account systems so interested investors can use real funds.
Crypto.com is one of the largest and fastest-growing crypto exchanges in the industry. Currently, the investors can have access to 90 tokens and coins available worldwide, and approximately 50 coins if they are located in the United States. Even they offer solid interest rates on crypto savings, one of its major drawbacks is that it is app-based and there is no desktop platform.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.