Where are the Best Places to Trade Crypto in 2021?

Crypto trading is a popular way for people in all countries of the world to be able to use the internet to generate an income, with that being a wide range of different ways that traders and investors are able to profitably interact with the market.

The cryptocurrency market has matured over the past 10 years and there has been a huge increase in the number of trading platforms which are available for people to be able to deposit the funds and by cryptocurrencies, and this increase in the competition within the market has been good for traders who have a smorgasbord of different places to select from.

In this guide where taking a look at the best places to trade crypto in 2021, starting with a look at what crypto actually is and what makes crypto trading platform good, before finishing off with a look at a few of the best crypto trading platforms available on the market in 2021.

What is Crypto?

Crypto Basics

Crypto is short for cryptocurrency and is the term used to describe the decentralized and digital assets of value used by consumers to transact and by investors for profit, the first crypto was Bitcoin and after releasing in 2009 compelled many others to launch cryptos of their own that are now known as altcoins.

Cryptos are similar to fiat currencies though easier than physical assets to acquire and manage and due to being decentralized with no reliance on third-party banks are easy to use for people in all parts of the world, and given the lack of a central banking authority, its users can avoid absorbent fees and costs.

These coins are stored on a blockchain and accessible using wallets that store private keys, these wallets are similar to bank accounts as they store coins and let uses send and receive to or from the wallet, this is made possible using peer-to-peer technology which allows holders to transact directly without a bank.

Cryptocurrencies have been around for over ten years and with over six-thousand in existence are now one of the most diversified assets to choose from, and with many viewing cryptos as their hedge against inflation, the technology popularized fast and has millions of active traders and record-high market caps.

Why Was Crypto Created?

Crypto was created to give people a way to transact directly without having to rely on a bank or central authority to process transactions, it was invented for this reason and was made and released following the 2008 financial crisis that left financial markets around the world in ruins with lingering uncertainty.

Bitcoin was the first cryptocurrency to ever launch and was incepted by a person or group that went by the pseudonym Satoshi Nakamoto with the goal of creating a monetary asset that was not in control of federal or central authorities, at the time, people wanted easier financial access and crypto solved that.

Bank and federal-governing bodies controlled citizen lives for years by controlling the institutions in which everyday people stored their wealth, which at any time could be frozen or locked by the very firms they entrusted, this caused a revolution to arrive and in the form of crypto to detach the reliance.

Crypto is essentially a way for people to transact and invest without the need of a bank or centralized authority and thanks to blockchain and the millions of miners that support it and its transactions it is now possible to exchange monetary value for goods or services without the need of authority control.

What Makes a Crypto Trading Platform Good?

Safe and Secure

Crypto trading platforms are safer today than ever before to trade on given the many new regulations that most now comply with, from encryption to cryptography to being FDIC-insured, many platforms are now registered and licensed plus regulated too in order to offer customers secure trading environments.

Given the decentralized nature of cryptos and the fact transactions are irreversible it is imperative users of trading platforms choose an exchange that is credible and secure, some of the best trading platforms offer round-the-clock security monitoring and real-time transaction verification to ensure secure trades.

Cryptocurrency platforms have evolved with the demand to ensure transactions and customer data are kept secure and out of reach to hackers, and in comparison to years ago, crypto exchanges are less likely now and not as vulnerable as they once were due to bank-grade security measures now used by most.

These digital-asset trading platforms are known for staffing teams of crypto-security analysts which not only implement stringent protocols to protect customers but also comply with standards that include verifying user credentials when transactions take place, effectively preventing unauthorized transfers.

Large Range of Listings

Cryptocurrencies are praised for their portability and resistance to inflation but also for their diversity in supply and the great potential many have, and with over six-thousand of them and growing, there is no greater range of assets to choose from than the one provided in crypto-trading markets.

Bitcoin became the first cryptocurrency to exist when released over a decade ago and at the time was the only tradable crypto, it was the first after all, other coins slowly emerged, and as they did, selections gradually but steadily inclined over time while raising profitable opportunities for traders along the way.

Some crypto trading platforms offer a range of listings measuring in the hundreds of different coins to choose from and a simple online search can quickly show which coins are supported by a given exchange while also helping to isolate the ones not offering the desired coin, which will save time and resources.

Crypto was created to give people greater control of their wealth by not relying on the banks that for years controlled their interests, crypto exchanges follow suit and give retail and seasoned investors a great range of coins to choose from with most offering trading tools to make profits easier to secure.

Low Fees

Cryptos are more than a storage of wealth and way to transact/invest but a way to execute such actions without incurring the costly transactional fees now happily charged by many banks, crypto circumvents these fees, and while miner fees exist, they are considerably cheaper than those of banks.

Some trading platforms let users trade for as little as 0.1% or even lower if the platform has an inherent coin of their own as if they do, and many now have one, customers can often use their coin to open or close positions at even lower rates, which are fee-saving perks not found in conventional markets.

Aside from being easy to access and transact these digital currencies of the future are praised for the low fees involved in sending or receiving them, all coins require varying amounts of computing power from its miners depending on its network usage and the greater its demand the more its fees become.

Fortunately for traders, miner fees only slowly rose over time and in contrast to banks lags far behind their ever-growing fees that seemingly increase year after year, thanks to a vast global support network of individual miners, low fees make crypto one of today’s most affordable ways to transact and invest.

Where are the Best Places to Trade Crypto?

PrimeXBT

PrimeXBT is one of the world's leading crypto trading platforms and is one of the best places online in 2021 to gain direct access to the cryptocurrency market and to be able to use the platform's professional suite of tools in order to successfully design and execute trading strategies.

PrimeXBT provides the lowest fee schedule of any major crypto trading platform in the market in 2021, with a flat rate of 0.05% being applied to all trades irrespective of the asset class that is being traded on the platform or of the volume of the trade being executed.

PrimeXBT has a range of powerful tools including its professionally-engineered trading engine that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms, with this in shoring that PrimeXBT's users are able to gain optimal entry and exit points and can rely on PrimeXBT to be glitch-free during high trading volumes.

As well as this PrimeXBT is known for being a security conscious trading platform that has successfully protected its users funds 100% of its time of operation as a result of the implementation of a range of bank-grade security measures including cold storage of digital assets with multi-signature technology and Hardware security modules with rating of FIPS PUB 140-2 Level 3 or higher.

Coinbase

Coinbase is known in the space as one of the easiest exchanges for beginners to use though are known as an elite trading platform to seasoned investors thanks to their second platform, named Coinbase Pro, this exchange has been serving users since 2012 and is now home to their over thirty million investors.

Coinbase is a licensed and regulated exchange referred to by users as the best crypto exchange to buy and trade coins as they make doing so effortlessly easy to do, between the easy sign-up process and many accepted funding sources, users can create a profile and be invested within a matter of minutes.

This exchange quickly popularized over the years as they not only underwent dramatic interface changes that made it arguably easier to navigate than any other exchange but also grew its list of supported coin and trading-tool features, they now offer advanced financial products and over fifty coins to invest in.

As one of the first crypto exchange to exist the platform has become synonymous with crypto trading and with tools geared for new and experienced traders is great for those of all experience levels, they also have high market liquidity so users can trade in confidence knowing assets can be quickly sold.

In Conclusion

In 2021 there are hundreds of different cryptocurrency trading platforms on the market available for traders to use in order to be able to profitably engage with cryptocurrencies and to generate an income in the cryptocurrency market.

It is important to select professional crypto trading platforms in order to be able to use professional tools and services that have a high level of reliability and that are safe to use, in particular selecting platforms which have a proven track record for keeping the funds and data of the users safe.

If you would like to learn more about the platforms we would recommend as being two of the best crypto trading platforms on the market in 2021, check out PrimeXBT and Coinbase.