Cryptocurrencies remain one of the most popular investment assets, and even people who don’t know much about blockchain flock to the crypto market, attracted by promises of incredible profits. It should not come as a surprise that many platforms allow you to trade crypto now, but every one of them has its own set of conditions and limitations. That’s why we’ve arranged a list of the top 5 most reputable and convenient crypto platforms where you can invest in crypto.
How to choose a crypto broker
Strictly speaking, a crypto broker is different from a crypto exchange: the former also offers you some standard instruments such as stocks, futures, or CFDs. However, it seems that exchanges tend to be more specialized and thus more convenient for crypto trading. But you still have to consider all kinds of different aspects: reliability, educational materials, customer support quality, fees, passive income options, and so on.
If you feel like the task of comparing numerous crypto platforms with each other and choosing just the right one is somewhat redundant, don’t worry: here is our short list of the best cryptocurrency brokers for novice traders. These are not perfect, but each of them is a great option to start with.
ByBit is a well-known platform for trading crypto derivatives. These instruments are quite risky, but the platform can help you earn a lot as well. ByBit is secure and convenient, but it doesn’t work in the US, and its crypto trading options are very limited.
Currency.com is another popular crypto broker that supports an impressive variety of assets: shares, bonds, cryptocurrencies, currency pairs, and so on. You can start trading with just $5, and the broker supports copy trading.
Huobi is a reputable crypto exchange known for its wide choice of cryptocurrencies: the platform has more than 400 different tokens. You can trade here without identity verification, but the interface isn’t very user-friendly.
OKX is a global crypto trading platform mostly known for its low trading fees and high-interest staking options. It’s user-friendly and pretty secure, but it’s not available in the USA and has liquidity issues.
Binance allows you to buy and sell many different cryptocurrencies with relatively low fees. It works in the US, but that version of the platform is somewhat limited. Just make sure to create a digital wallet, the exchange doesn’t have any built-in storage options.