Understanding cryptocurrency is not that difficult. However, choosing the right platform for trading is a huge deal. In this article, we will look at some of the best cryptocurrency platforms and applications that you need to know in 2023. Again, use this article as a reference point, and then use your own common sense to start trading. Lets know about crypto exchange.
What Is A Crypto Exchange App?
To put things simply, applications that facilitate the trading of digital assets known as cryptocurrencies are called crypto apps and exchanges. These applications bring all the tools under one roof and enable traders to trade with minimal hassles. Cryptocurrencies do not follow the rules and regulations of central monetary institutions like banks and governments. Therefore, you need a trusted cryptocurrency application that can help you trade without any worry. But before you can start trading, you must know some key terminologies. These will help you trade using more clarity and knowledge.
- Centralized Exchanges or CEX: This is a platform that is governed by a single authority. Hence, things operate in a much more straightforward manner. This is the best platform for beginners as it offers them a certain structure to learn the ropes.
- Decentralized Exchanges Or DEX: These exchanges are truly decentralized and are not governed by any organization. This platform primarily works on intelligent contracts and decentralized applications.
- Hybrid Exchanges Or HEX: This is the newest platform in the cryptocurrency landscape. This takes elements from both platforms and tries merging them to make things more streamlined. However, it is in its early days, so the avenues are not yet well-mapped. Hence, only invest if you know what you are doing.
Best Crypto Apps & Exchanges
With the fundamentals out of the way, it is time that we look at some of the best and finest cryptocurrency applications that you can find. All the entries in this list are in five separate categories, which include supported coins, user interface, fees, regulation, deposit and withdrawal options, account security, and customer support. Therefore, keep an open mind, and you might learn something new about crypto exchange and applications.
Bro138
Often called the ‘Uber’ of crypto trading, this application is looking to make trading more accessible to all sections of society. At the very core of things, bro138 works like a bridge between traders and investors. The best part about Zignaly is that you can share your profit with young inexperienced traders. Therefore, this makes the whole process more streamlined.
Bitget
If you are an Indian trader, then Bitget is probably the best crypto exchange platform. This is one of the most famous crypto exchange platforms in the country. According to business insiders, the crypto boasts a whopping 300 million dollars of protection fund for its users. Pair it with low fees and 800+ crypto support, this is truly a crypto exchange application for everyone. As a result, this is an amazing platform that is perfect for beginners as well as advanced users. Personally, I would suggest that you start you trading journey with this platform.
Coinbase
If you need versatility or want a platform that supports some of the major cryptocurrencies like DOT, ADA, BTC, ETH, etc., then this is the guy for you. Due to this, the Coinbase platform has become one of the staple platforms for several traders. This application also comes with a rich array of advanced trading tools. The Dapp browser and MPC wallet can really help you enable exploring DeFi and NFTs. Also, the platform uses an advanced Web3 ecosystem which further enhances the overall accessibility.
Giottus
This is the most underdog platform on this list. You might not hear Giottus on the tongues of experienced traders. However, the platform is one of the best platforms that have come out of India. This platform offers some long-term investment options like thematic baskets, FD plans, and SIP. Furthermore, the platform offers high liquidity, so selling and buying assets can be quite easy. This enhances how you can trade your assets on the go.
Kraken India
Kraken India is an amazing crypto exchange application if you are looking for another amazing trading application. This application is more along the lines of decentralized trading. As a result, you can set prices, monitor market trends, observe price movements, etc. The best part is that you can even set price alerts and get notifications when a certain bracket is reached. However, one downside is that you need to upgrade to a premium plan to get more timely alerts.
Conclusion
There you have it. Here is an extensive list of the top five best crypto applications and exchange platforms. However, whichever application you choose, it does not matter unless you know how to use it. Therefore, be mindful and make an educated and targeted decision before investing all your fortunes in crypto trading. Follow The Bitcoinmagazine for more related Article.
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