Best platforms to trade cryptocurrency 2020
Despite the difficult situation in the world, it is time to start profitable trading and make certain forecasts regarding working with cryptocurrency for the rest of the year. First of all, you should deal with good platforms that will help to conclude profitable and safe transactions. That is why in this article we will talk about the best tools for the current year, describe the best platforms for trading cryptocurrency. Each of the following resources can be easily mastered and used to generate stable profits. So read carefully, choose the best option and get started. And now to the platforms themselves.
Top trading platforms for cryptocurrency
In fact, little has changed since 2019. Nevertheless, there are still some cardinal differences among good cryptocurrency exchanges. Today, experienced traders prefer to work on 2-3 resources. Such a distribution allows you to choose the best time to conclude a transaction, analyze the price in more detail. Due to such manipulations, income grows. This is logical. Of course, you can choose something from the list below, but it is always useful to know about a number of factors that need to be considered for independent selection of the exchange. New sites appear regularly, and in order to have a correct idea of the reliability of a resource, always look at:
Degree of protection.
Of course, even the safest exchange is not a place to store large sums, but too light a security system can become a target for hacker attacks. Moreover, sometimes dishonest developers intentionally make a weak degree of protection in order to deceive their users by exposing their own frauds for “hacker attacks”. Be careful and trust only reliable exchanges. A good indicator is a site security certificate, pay attention and draw conclusions, it’s safe to choose places like Hedgespots platform that give the users all the information about security system used;
Official legal entity.
This financial institution always provides documents that confirm the existence of rights to conduct monetary transactions. If the site does not contain relevant confirmations and the developers do not provide documents upon request, do not cooperate with such an exchange;
Pace of bidding.
Transactions with fraudulent resources are always concluded very slowly and, as a rule, in small amounts. This is how you can identify a fraudulent site created for profit. Good cryptocurrency trading platforms attract huge solvent audiences, remember this;
In order not to be tormented with the choice, take a look at the following best platforms for conducting transactions with cryptocurrency.
Cryptocurrency trading platforms list
We will look at 3 great exchanges that relate to the most used cryptocurrency platforms. We also highlight the advantages of each site, so that all readers will find a suitable solution:
One of the most interesting cryptocurrency exchanges is Exmo, which is rightfully included in our sortable list cryptocurrency platforms. The key, but not the only difference of this platform is a small commission for conducting transactions, replenishment and withdrawal of funds. Developers take away only 0.2% of the transaction amount, which is very small. A large number of currency pairs will allow you to build a convenient trading system and earn serious money. A reliable company is registered in the UK.
An old, proven and at the same time promising cryptocurrency exchange. Today at Binance everyone trades, both beginners and experienced professionals. The point is an extensive line of currency pairs, which is larger than on other platforms. A powerful and convenient functionality is also highlighted, which is easy to learn through a simple design, intuitive interface. Low commissions should not suggest a possible fraud. Since huge amounts of deals are made daily at Binance, the developers have sufficient profit, the income goes to the development of the platform. One of the best solutions for working with crypto in 2020.
Stunning with its functionality, user loyalty and speed, the exchange, unfortunately, is not without some drawbacks. You may be prevented by the fact that no fiat currencies are accepted on the site, replenishment is made exclusively in cryptocurrency. Yes, of course, for experienced traders who keep most of the funds in the crypto, this is not a problem, but beginners may experience certain difficulties. Otherwise, this exchange is wonderful. Low commissions, a sufficient number of currency pairs and convenient tools make Bitmex a worthy member of the list of the best exchanges.
Now you know what platforms it is better to work with to achieve your goals for 2020. We remind you that it is better to combine the described platforms or choose something of your own. In any case, do not forget about caution. Even working with the best cryptocurrency exchanges, you should withdraw money to wallets on time. Be sure to include email confirmation and other security measures. Only then will work become stable, safe and profitable. Follow all the news of the crypto industry with us. Thank you for your attention, good luck!