In today’s video, I want to share with you the best crypto exchanges in 2021. Please check the links to these websites in the description box below for more information. Let’s get to it.
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Timestamp:
0:00 – Intro
0:18 – Coinbase
1:40 – CashApp
3:00 – Binance
4:20 – Bisq
5:25 – Conclusion
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1.Coinbase ➜
The most widely known cryptocurrency exchange in the United States is Coinbase. Coinbase was founded in 2012, not long after the release of Bitcoin’s code in 2009, and is a fully regulated and licensed cryptocurrency exchange. Coinbase currently has licenses to operate in over 40 U.S. states and territories. Coinbase offers an extremely easy-to-use exchange while greatly lowering the barrier to entry for cryptocurrency investment. Coinbase also offers insured custodial wallets for investors and traders to store their investments. It is important to note that, should your account be compromised from your own doing, this insurance does not apply. These custodial accounts are very convenient for newer users just getting their feet wet, but the private keys to the coins within them are owned byCoinbase, and not the investor. It charges a fee Between $0.99 and $2.99 depending on the dollar value of the purchase. Some of the pros are that you get a Solid variety of altcoin choices. There is an extremely simple user interface and very high liquidity. Some of the cons would be that there are High fees when not using Coinbase Pro andUser does not control wallet keys. Also, Coinbase Pro is a perfect next step for those who have learned to use Coinbase and would like to use some advanced features.
2. Cash App ➜
Cash App is a peer-to-peer money transfer system much like Venmo. This type of service allows users to split food, pay rent to a roommate, or even shop online at a retailer that supports Cash App. Cash App can essentially act as a bank account and users can have their own Cash App debit cards. This service is very convenient by itself, but Cash App has even more features. Cash App also allows its users to invest in stocks, ETFs, and cryptocurrency in a similar fashion that Robinhooddoes. The mobile-first interface that this exchange uses is very easy to figure out and use, making it ideal for a first-time investor. While it offers a payment system like Venmo and an investment platform like Robinhood, Cash App differs in that it allows the user to withdraw cryptocurrency investments to their own wallet. This is the main reason that we chose Cash App over Robinhood as the best option for beginners looking to buy Bitcoin. Some of the pros are that you have the ability to withdraw Bitcoin. You get an extremely simple user interface. Also, this app allows only allows Bitcoin investment at this time and no other cryptocurrencies. There is also a 3% charge when sending money via a linked credit card. When it comes to fees, Cash App charges a service fee for each transaction. It also charges a fee determined by price volatility. These fees change depending on the market’s activity.
3. Binance ➜
The Binance exchange is an exchange founded in 2017 with a strong focus on altcoin trading. Binance offers over 100 different trading pairs between different cryptocurrencies. When it comes to fees, there is 0.1% for the taker side and 0.1% for the maker side. This scales down with trade volume to 0.02% for both sides of the trade. But if you Use Binance’s native cryptocurrency, BNB, the fees will be lowered by 25%. It does offer some fiat-crypto pairs, but most of its pairs are between cryptocurrencies. As of April 2021, Binance dominates the global exchange space, making up a significant portion of crypto trading volume daily. The exchange only allows for U.S. Dollar deposits by global users via SWIFT, but it does allow you to directly purchase a select number of cryptocurrencies with a credit or debit card. Deposits using 12 other fiat currencies are allowed, including the Euro. There is Lower fees than other commonly used exchanges and you get Large variety of cryptocurrencies and trading pairs. Some of the cons would be that it might be geared for more advanced users. Binance is best suited to people who would like to trade or invest in lesser-known altcoins.
4. Bisq ➜
is downloadable software and peer-to-peer decentralized Bitcoin and crypto exchange. This means that Bisq has no central point of failure and cannot be taken down, much like Bitcoin itself. Bisq is non-custodial, which means that no one other than the user touches or controls the user’s funds. This differs from centralized exchanges, …ran out of the 5k characters limit, sorry guys.
That’s all for now. Hope you enjoy this video. Thank You so much for watching my Best Crypto Exchanges With the Lowest Fees for Trading video.