In searching for the best crypto platform for you – think about your level of experience. It should also be a breeze to find your preferred market and subsequently place orders. This ease-of-use should also be the case if using the exchange’s mobile app. For example, opening an account and verifying your identity should never take more than a few minutes. That is to say, if you are trading digital currencies for the first time, it’s crucial to pick a provider that offers a burden-free user experience. If you don’t have any crypto assets to hand, you will need to deposit funds with a fiat currency method.

The easiest way to get money into your crypto trading account is to use a debit/credit card or e-wallet. At the other end of the spectrum, the likes of Robinhood only support bank wire or ACH deposits. For example, both eToro and Binance allow you to speak with a support agent in real-time via live chat. Toro, for example, supports everything from Visa and MasterCard to Paypal and Neteller. The best cryptocurrency trading platforms offer top-notch customer support.

US – Suggested Site – traders must deposit at least $50. You can also view what digital currency pairs are available by clicking on the ‘Trade Markets’ button. First, choose from a buy or sell position – depending on whether you think the price of the crypto will rise or fall. In our example, we are searching for Ethereum. US-based traders will benefit from fee-free deposits. You can now use the search box to find the cryptocurrency that you wish to trade. All other traders will pay a small deposit fee of 0.5% across all payment types. You can set up an order. Apart from a few exceptions, all other traders must meet a minimum of $200.

This allows you to earn interest on your cryptocurrency holdings without needing to cash out. This feature is offered by the likes of Binance and Luno. Liquidity is a crucial element to consider when trading cryptocurrencies online. The above example illustrates the issue of choosing a platform that doesn’t have enough liquidity. As such, not only will you earn passive income but you will still benefit if the digital currency appreciates in value. Crucially, you won’t be able to buy or sell your chosen crypto at a favorable price – as there isn’t enough capital on the platform to cover your trade. All of the best crypto exchanges discussed today are home to large levels of liquidity – especially eToro and Binance.