Plus, while Robinhood Gold members can earn 5.00% interest on their brokerage cash, non-Gold members can still earn 1.50%. But like Webull and Robinhood, cryptocurrency selection is on the shorter side. The investment app only offers 17 cryptocurrencies, including bitcoin, bitcoin cash, bitcoin sv, ether, dogecoin, and others. Uphold: This multi-asset digital investing platform offers “Anything-to-Anything” trading between different asset classes. We applied Insider’s rating methodology for investing platforms to over a dozen exchanges to find the best options for cryptocurrency availability, low fees, asset/account security, user interfaces, and mobile access. It offers cryptocurrencies, stablecoins, environmental assets, and precious metals.

US clients can trade crypto assets through its subsidiary, Bitstamp USA. Bittrex: Bittrex is difficult to beat regarding account security. Robinhood Investing: This brokerage’s commission-free structure appeals to those who prefer low-cost investments. Remember, though, that Bittrex isn’t available for residents of New York – your domain name – , Connecticut, Vermont, or Hawaii. Webull: This online brokerage only requires $1 to start trading crypto, but its investment selection is limited. Bittrex’s transaction fees are also notably lower compared to other exchanges. In addition to two-factor authentication, the exchange uses a multi-stage wallet strategy to ensure funds are kept in secure, cold storage (offline storage). Webull may not be the best crypto option to trade assets other than bitcoin, dogecoin, bitcoin cash, ether, litecoin, zcash, or stellar.

But its crypto selection is fairly limited compared to other crypto exchanges. App store rating: 4.6 iOS/ 4. The eToro USA crypto exchange offers a highly secure. The exchange also supports traders in 140 countries; you’ll need at least $50 to trade. Regarding trading, you can either take the DIY approach or use one of eToro’s two hands-off options. Easily navigable interface that gives you access to over 21 crypto assets. The first, known as the CopyTrader™ system, allows you to mirror the investment portfolios of other successful traders.

Learn To (Do) Cryptocurrency Exchange Like Knowledgeable

The disadvantages, however, are important. Recently, several cryptocurrency exchanges have gone under, and investors have lost significant amounts of money. Given that this industry and asset class is still relatively new, there are unique risks that are nor present in traditional investments like stock and bonds. Investing through a cryptocurrency exchange offers several advantages, including access to real-time market data and research, trading strategies, and multiple cryptocurrency options to add to individual brokerage accounts, retirement accounts, and more.

Most exchanges also offer custody and storage options for users looking to protect their crypto assets against theft and hacks safely. If you want to set up an external wallet with a bitcoin wallet provider or another storage wallet service, you can do so while maintaining your crypto exchange account. This depends on your investment goals and needs. Are Cryptocurrency Exchanges Worth It? But then again, most exchanges aren’t solely personal wallet services. And if you’re interested in low-cost options, note that you can also trade cryptocurrencies with fee-free brokerages like Webull and Robinhood. You can invest in cryptocurrencies in more than one place. You can simply transfer assets between your exchange account and crypto wallet when necessary.