Best Platform For Bitcoin Trading

5 Best Platform For Bitcoin Trading – You Should Know

As the new sensation of bitcoins is shaking up the global market, engaging in crypto arbitrage or trading cryptocurrencies are everyday activities in the market nowadays. 

Countless exchanges are already availing the customers of robust exchange facilities and impenetrable security protocols. The exchanges also offer great trading prices while also not charging excessive fees.  

Among those countless exchange platforms, I have searched the best ones and listed them down so that you can feel at ease when trying to buy or sell bitcoin. Here are the five best platforms for trading bitcoin and also some other cryptocurrencies.

Best Bitcoin Trading Platforms 

These are some of the best bitcoin and altcoin trading platforms that offer the proper market value and security in trading. Some of those platforms are-

  • Tradestation.
  • Coinbase.
  • eToro.
  • Gemini.
  • Kraken.

Tradestation

Tradestation helps the casual traders through the web-based platform while helping the expert traders through the desktop platforms. There are numerous cryptocurrencies available for trade in tradestation. You can trade Bitcoin, Litecoin, Ethereum, bitcoin cash, and XRP. 

A Monex Group, Inc. subsidiary, the headquarter of Tradestation is in Plantation, Florida. The company began in 1982 with the early name Omega Research. It was a NASDAQ-listed company starting from 1997 until 2011. Afterward, Monex Group acquired Tradestation. 

The Pricing structure in Tradestation is simple. If you have an account balance of $10,0000, you have to pay 0.50% maker and 0.50% taker fee. If you have an account balance above $1000000, you don’t have to pay any maker fee; only 0.25% or 0.125% fee is payable based on the account size. 

Key Takeaways

  • Both web-based and desktop-based platforms are available.
  • Numerous altcoin choices are there.
  • Very low maker and taker fees included.

Coinbase

Coinbase has around 20 million users. This US-based exchange platform is one of the best in the world, and its origin dates back to June 2012. The website is very easy to use. Coinbase allows traders to buy and sell 14 different cryptocurrencies.

Coinbase Pro offers even more. In terms of charts, indicators, you get more in Coinbase Pro. The fee structure is cheaper in the Pro version. 

Buying bitcoin in Coinbase will cost you an average fee of 1.49%. But if you are buying bitcoin by selling another altcoin, then you have to pay a commission fee of 0.50%. For a $1000 worth bitcoin purchase, you have to pay a commission fee of $15. 

Key Takeaways

  • Many altcoins are available for trade and investment.
  • Simple user interface. 
  • High liquidity. 
  • You get $10 with bitcoin just by signing. 

eToro

If you’re looking for zero commission ETF trade and stock, then eToro is the best platform for you. You also get access to copy trading. But there are hidden fees, and the range of investment is smaller than other traditional brokes. Sixteen coins are available for trade in eToro. 

eToro was founded in 2006 in Israel as a financial trading technology developer. There are over 9 million eToro users across 170 different countries. The platform charges 0.1% of conversion fees; and there are also withdrawal fees imposed on other cryptocurrencies. The minimum bitcoin withdrawal is 0.0086 BTC, and 0.0005 units of the price are payable. 

Key Takeaways

  • Cheap crypto fees. 
  • No fees are required for sending and receiving cryptocurrencies. 
  • Easy to use platform.

Kraken

Founded in 2011, Kraken offers 18 different cryptocurrencies for trading. The coins include popular cryptocurrencies like monero (XMR), ripple (XRP), and (DSH). There is a web-based platform for this Exchange, but there are no apps available for mobile phones.

The US-based Exchange is much smaller than the more prominent alternatives like Coinbase or Binance. This platform is known for charging significantly lesser fees while offering trades of various cryptocurrencies. 

There are maker and taker fees involved in Kraken. Investors have to pay $2.60 for every $1000 of trade. 

Key Takeaways

  • High cyber security ratings. 
  • Robust quarterly trade volume.
  • Appeals to advanced users with sophisticated features like margin. 

More Bitcoin Trading Platforms

There are many other bitcoin trading platforms than the five mentioned here. Binance, Gemini, Bitstamp, Bittrex, Bbitflyer are some of the best options to offer secure trade while charging pocket-friendly fees. 

Binance

Binance is an industry-leading figure and offers trading Bitcoin, Ethereum, and altcoins. Binnacle offers- 

  • Low transaction fees.
  • More t6han 50 coins to trade.

Gemini

A beginner platform in the industry, but Gemini offers features almost similar to Coinbase. Gemini is great because-

  • It has a simple user interface. 
  • Great for US-based customers.
  • It has a good security protocol.

Conclusion

As the trade of cryptocurrency gets more and more prominent, there will be more exchange platforms in the cryptocurrency investment market. As for now, these are the best platforms that will surely catch your attention with all the premium features and the very low trading fees. Please let us know about your favorite bitcoin trading platform.