In the fast-moving world of cryptocurrency trading, platforms are the easiest way for hobbyists and professional traders to get involved in the digital asset market.
For beginners looking to find their feet, choosing the right platform can be a difficult task that’s easy to get wrong.
However, a variety of options are available, making selecting a platform that offers user-friendly interfaces, educational resources, security features, and diverse cryptocurrency options a pretty complex task.
To make this process simpler, we’ve put together a list of our three favorite trading platforms that you should consider using.
OANDA Crypto
The new OANDA Crypto platform is perfect for traders wanting something a little different — something that’s a cut above the rest. Designed with security and reliability as top priorities, the entire platform has been fine-tuned for responsiveness. There are no limits on when you can use your account either — you can trade whenever you want from anywhere, using a mobile, tablet, laptop, or desktop computer. There are many trading platforms on the market, but if you want something easy to use, using OANDA to trade crypto should make things simpler.
While cryptocurrencies might feel cryptic, that doesn’t need to be the case. OANDA has taken a lot of time to better understand what matters most to traders and aims to keep the technical jargon to a minimum so you’ll better understand what’s happening as it happens. They also have a strong customer service team that is ready and waiting to assist, while you can also access a variety of resources that are aimed at helping traders overcome obstacles.
Key Features
- Easy-to-create accounts.
- Stable and reliable system.
- Special focus on security.
- Free account deposits.
- Access to many different coins.
Coinbase
Coinbase is easily one of the most well-known trading platforms worldwide and has built a strong reputation thanks to the number of people who have become interested in cryptocurrency trading in recent years.
Because of this huge influx, Coinbase has tweaked its approach to make it as easy to use as possible, which is why it’s a good choice for beginners. Launched in 2012, Coinbase has an intuitive interface that’s easy to navigate and use, so when the pressure is on, you’ll know exactly where to find your trading tools.
Coinbase also offers access to some of the most popular coins in
the world. The platform offers a diverse range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more, catering to various investment preferences.
One of Coinbase’s standout features is its vast range of educational resources, which provide a valuable helping hand to those wanting to enter the world of cryptocurrency trading. Coinbase also places a special emphasis on security and has implemented measures such as two-factor authentication and offline data storage to safeguard users and their funds.
Key Features
- Optimized for beginners.
- Intuitive design.
- A vast range of resources.
- Two-factor authentication.
- Offline data storage.
Binance
Like Coinbase, Binance is one of the leading cryptocurrency trading platforms that has managed to gain a huge share of the market. While our two other recommendations are great for beginners wanting to cut their teeth in the world of cryptocurrency trading, Binance has developed a reputation among more experienced traders wanting to take things up a notch and improve their operations further.
Binance provides traders with a vast selection of cryptocurrencies that they can explore and learn more about, so if an opportunity appears, they can act quickly. Moreover, Binance also comes with features like spot trading, futures trading, and staking, allowing users to explore different investment strategies away from cryptocurrencies and their bittersweet volatility.
As with other trading platforms, Binance has an educational arm called Binance Academy. They provide users with access to a wealth of resources, ranging from beginner guides to market analysis, so newcomers can make better-informed decisions. If you’re a more experienced trader, this could also be useful as the world of trading is always changing and it’s a smart idea to always try to stay ahead of the curve so that new features don’t catch you out.
Key Features
- Advanced trading tools.
- Access to many different coins.
- Other trading strategies.
- Binance Academy.
- Strong reputation & reviews.
Finding Your Favorite Cryptocurrency Platform
Ultimately, no matter which trading platform you choose, how you fare in the trading world will largely depend on your trading skills.
However, choosing the right platform to suit your style and strategy can boost your efforts and make it much easier for you to make better decisions when it matters most.
While Coinbase and Binance might be bigger fish in the world of cryptocurrency trading, OANDA brings more experience from outside of this bubble, so the interface may feel more intuitive to those more familiar with other forms of trading.
See Also: Is Crypto Mining Dead? Debunking Common Myths And Misconceptions
