5 Best Platform For Bitcoin Trading – You Should Know

“Bitcoin Is a bubble!”

Don’t let this anti-Cryptocurrency campaign dissuade you from buying or trading Cryptocurrency, especially not Bitcoin. It would help if you trade Bitcoin, and for that, you will need a good exchange platform. 

As of December 2021, Bitcoin is standing at $56,860, significantly less than the previous price of Bitcoin, which was around $65000. Some people may dissuade you by saying it is a bad idea to invest in Bitcoin. 

But the truth is, it is time to buy Bitcoin and hold it until its price rises, making it profitable for Crypto arbitrage. So, which are the best trading platforms for Bitcoin? You can find that out in this article. 

Top Bitcoin Exchange Platforms

Whether you are buying, holding, or trading Bitcoin or any other cryptocurrency for that matter, one essential thing to have in all those cases is a good Exchange platform. Here are some Cryptocurrency exchange platforms for you to choose the best one from.

  • Coinbase.
  • Binance.
  • Gemini.
  • Kraken.
  • Robinhood

Coinbase

The only reason we have listed Coinbase is that we want to suggest the best in the market. With traders Dating back to 2012, Coinbase appeals as the most famous and trustworthy Bitcoin trading platform

Coinbase is an excellent platform for Bitcoin traders, and it offers perfect security. The best thing about Coinbase is that you get $190 worth of Bitcoin just by signing up.

Why Should you Use It:

  1. Simple user interface. The platform is user-friendly. 
  2. Robust security for the users.
  3. It supports Bitcoin trading.
  4. Multiple numbers of altcoins are available.
  5. Very high liquidity of your investments. 
  6. Great customer service.

If you are an advanced Cryptocurrency trader, then you will profit from the Coinbase Pro version. 

Binance

Binance is a new Cryptocurrency trading platform. Founded only in 2017, Binance supports a wide variety of Cryptocurrencies for trading. In addition, Bitcoin is also available for trading on this platform.  

Binance is a Hong Kong-based Cryptocurrency, and it supports over 500 Cryptocurrencies for trading. In addition, the platform allows twelve different fiat currencies, including dollars and euros, for buying and selling Bitcoin and altcoins.

Why Should you Use It:

  • Binance charges lower fees. 
  • Easy user interface. 
  • Altcoins are available.
  • Advanced charting.
  • Basic and advanced versions are available.

Gemini 

Gemini started its journey as a Cryptocurrency exchange platform back in 2014. The two primary Cryptocurrencies of Gemini are Bitcoin and Ethereum. But the platform currently offers more than 40 Cryptocurrencies for trading. 

Gemini has Bitcoin Cash, Gemini dollars (a stable coin backed up by the US currency). The platform is safe for Cryptocurrency trading, especially Bitcoin. Gemini’s USP is its top-of-the-line security. Here are some of the features of Gemini that make Gemini a great Bitcoin trading platform.

Why Should you Use It:

  • Simple User interface.
  • More than 50 altcoins are available.
  • Secure platform with site insurance of the users’ digital assets.
  • It is available in the USA. 

On the side of its disadvantages, Gemini charges a little higher price than the other exchange platforms. Also, the mobile app of Gemini is not that intuitive. 

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Kraken

Kraken is also an excellent platform for trading Cryptocurrencies like Bitcoin. This platform has existed since the ancient time of Cryptocurrencies. Kraken dates back to 2011 and offers around 90 Cryptocurrencies for trading. 

The platform comes with excellent features for both new and advanced users. Kraken Pro is an excellent platform for advanced users; it has advanced features like Crypto futures and margin trading. In addition, Kraken keeps the users’ assets offline to ensure safety from online theft. 

Why Should you Use It:

  • The platform is advanced with premium trading features.
  • Low exchange fees for Bitcoin trading.
  • Massive selection of products.
  • Security in Kraken is admirable.

On the side of its disadvantages, Kraken has higher minimum withdrawal fees. Kraken is also not for beginner traders, and it has slow account funding.

Robinhood

Robinhood is a stock trading app that now offers Cryptocurrency trading and with zero fees. The platform offers the trade of ETF, stock, and Cryptocurrencies. 

Robinhood offers the trade of only seven Cryptocurrencies. Bitcoin, Ethererum, bitcoin gold, Dogecoin are three of the seven Cryptocurrencies that Robinhood offers trading.

Robinhood is notable for its security features. It has features like –

  • Two-step verification
  • Cold storage, 
  • SIPC coverage for ETF, 
  • FDIC-insured USD balances, 
  • Stock, and cash funds,

Why Should you Use It:

  • It offers commission-free Cryptocurrency trading.
  • Instant deposit.
  • Impenetrable security.
  • You can start trading with as low an amount as $1.

The biggest disadvantage of using Robinhood is that you cannot send your Bitcoin to others. But you can buy, hold and sell your Cryptocurrencies with both profit and ease. 

Conclusion

Cryptocurrency trading is now very trendy. Everyone wants to get their hands on Bitcoin and altcoins. Bitcoin trading is a good way to make money. But you cannot do that unless you have a good trading platform that offers profit, security, and flexibility of uses.

We hope these exchange platforms that we have listed in this article will be of help to you. So, which exchange do you prefer for trading Bitcoin? 

Ani Johnson is a passionate blogger. She loves to share her thoughts, ideas, and experiences with the world through blogging. Ani Johnson is associated with TheBitcoinMagazine, TheCBDMagazine, TheCasinoMagazine, Gossipment, TheParentsmagazine.

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