For a beginner, investing in cryptocurrency is quite challenging. Making profits in cryptocurrency makes many people interested in investing. But not all have fully understood this trading option. Investing your money in cryptocurrency is not the safest way, because it is just an option.
Before starting an investment, it is crucial to understand that such an option is highly volatile. It requires thorough planning before you jump into this venture. But if you’re determined to invest, learn the brilliant ways to make the most of it. Likewise, you should also know the trusted sites for trading.
Here are some of the trusted sites for trading.
Coinbase
It is one popular and best cryptocurrency trading sites investors may consider. Coinbase allows the users to invest using USD. It also supports purchases of Litecoin, Ethereum, Bitcoin, and many other tokens and coins. Opening a new account in Coinbase, let the investor earn a bonus of $5 BTC. You can also earn token rewards and interest.
BlockFi
This cryptocurrency trading platform not only allows the investor to earn the interests of their holdings but also to lend and borrow against their holdings. Making a $25 deposit will let the investor earn a $250 bonus and the opportunity to earn high interest on the deposits. The drawbacks of this platform are that it does not support many coins and tokens, and has limited free withdrawals.
Voyager
If you want to invest in cryptocurrency, consider using Voyager. This crypto exchange is app-driven and supports major cryptocurrencies. The best thing about this platform is its commission-free trading structure. The interest rates are also competitive and have solid engagement and support. If you will trade $100 in crypto, you will earn $25 BTC.
Kraken
This crypto trading platform offers an excellent selection of tokens and coins investors can invest in and trade. Being a real exchange, this platform is difficult to use because of its high-level security.
Uphold
If you will trade multiple assets, using this trading platform is a good idea. By opening a single account, you can trade multiple assets. It works on mobile apps and desktops. You can trade different crypto tokens, including the popular ones. The best thing about this trading site is the transparent and simple pricing structure.
Takeaway
Who would dare take financial risks? If you want to invest in cryptocurrency, you must learn to identify the risks. This trading option is not for the faint-hearted individual. It is for risk-taker, or those willing to lose. Keep in mind that the decision is yours on the amount you can afford to risk.