Choosing Your Cryptocurrency Trading Platform

Choosing Your Cryptocurrency Trading Platform

The emergence of paperless money and digital marketing has got media houses broadcasting any recent development on Tron News cryptocurrency trading trends continuing to grow. When you decide to invest in cryptocurrency trading, one of the significant factors you need to consider is the type of platform that best suits your needs. A cryptocurrency platform is a digital exchange platform (certain websites) that allows you to buy and sell or permit you to interchange one digital currency to another.

Some of the cryptocurrency trading platforms to consider include; Kraken, CoinBase, Tradestation, Binance, and Voyager.

CoinBase

CoinBase is one of the first cryptocurrency trading platforms that is known best for the number of choices. This platform offers a variety of cryptocurrency options for trade and remains the top choice with a large number of customers.

With CoinBase digital platform, you get access to two exceptional features: CoinBase wallet and CoinBase pro. CoinBase wallet offers advanced digital currency technology, a centralized location for all your coins, and provides access to ICO’s. CoinBase pro is a premium platform that gives you secure trading experience and API too to create automated trading systems.

CoinBase has over 17 different types of cryptocurrencies to buy and sell, including top options like Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, NEO, and Stellar. It also offers some minor coins like Zcash, Augur, and Dai. That allows you to diversify your cryptocurrency portfolio on a single platform.

Tradestation

Tradestation is for seasoned traders who appreciate its wide range of analysis tools. This cryptocurrency trading platform offers a practical and comprehensive full platform capabilities. It has two types of accounts:

  • TS GO account – It is an underlying layer that targets new trades. It does not require a minimum account balance to open a TS GO account
  • TS select statement – targets the more advanced traders who need a more comprehensive set of tools and more in-depth research options. TS select statement requires a minimum of $2, 00 deposit.

It is best for advanced traders who need a comprehensive cryptocurrency trading platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. The Tradestation app is also equally useful, offering full platform capabilities.

Tradestation allows you to use your trading strategy without putting your money at risk. It’s a simulated trading tool that enables you to practice submitting buy and sell orders using the Tradestation suite of charting and analysis tools.

Binance

Binance is a Bitcoin exchange that enables you to trade Bitcoin against other currencies and is considered the largest platform in the world. It boasts of over 100 cryptocurrency tokens and has enjoyed meagre trading fees.

Binance testnet is for decentralized exchange. Besides creating a wallet through testnet, you can also buy and sell using the new decentralized exchange.

Binance DEX is a decentralized exchange that enables you to hold your keys and manage your wallet. With Binance DEX, you experience freedom. You get access to your security and are more in control of your assets.

Voyager

Voyager Smart Order Router navigates the market for you and links you to other top exchanges to get you a higher price on your trades. When you use a voyager platform, you get access to a broader crypto market. Voyager enjoys an improved rate of over 90% of customer orders and transacting on Voyager is free with the minimum trade size I am mere $10.

Voyager platform has advanced security with offline storage and government regulated processes. That keeps your assets and personal data safe.

Voyager seeks to eliminate go-betweens by providing advanced access to different coins. With Voyager you can be able to trade over 12 different currencies on the same platform. Voyager offers you advanced charting tools that enable you to change time frames from hours to a year while comparing multiple cryptocurrencies side by side on the same chart. The compatibility of Voyager to your Smartphone allows you to access charting tools and the latest cryptocurrency news updates on your mobile device.

Kraken

Kraken enjoys a worldwide clientele, including the United States. This incredible Cryptocurrency trading platform is known for its low fees. Kraken digital platform offers high limits as well as a high degree of liquidity, allowing you to buy and sell quickly. It is the best platform to buy, sell and trade cryptocurrency.

Conclusion

No one platform fits all; you need to choose a platform depending on the magnitude of your cryptocurrency trading transactions, your location and your security preferences. All crypto trading platforms are digital and rely on the internet, so you need to be digitally enabled to engage in cryptocurrency trading. Cryptocurrency trading is safe, secure and profitable.

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