The year 2021 has seen the biggest surge in Cryptocurrency, NFTs, and Blockchain. The market is hot like never before and people in masses are entering the world of Crypto/NFT investments. Therefore, I thought it is high time I talk about some of the best crypto exchanges or applications for you.
There are numerous ways to invest or trade in cryptocurrencies – websites, applications, webapps, etc. But applications are what people prefer the most. Apps are easy to use, come with a great user experience and make the whole process of investing smooth. In this article, I am going to talk about some of the best available crypto exchanges and mobile applications. Before that, a little introduction about Cryptocurrency.
Table of Contents :-
What is a Cryptocurrency?
I’d be surprised if you say you are clueless. But I know you’re not!
Cryptocurrency, as we all know, is a digital currency which runs on the concept of Blockchain. It has no physical entity and is decentralized. The term decentralized refers to the concept of a thing not being in control of single authority. No one has the right or govern over it, cryptocurrency is the currency of masses.
No minister, no government, no bank can claim its authority. If you wish to learn more about Crypto in detail, refer this article –
How to get started with Crypto Investment?
To sum up in short, there are three steps when it comes to investing in crypto. The first step is a Crypto Wallet, second goes for the Platform, and the third is Investment!
The concept of crypto wallet is same as the traditional wallet that we use every day. The only difference is – It is a digital wallet. Digital wallets are far more secure and safe.
Such as stock markets, cryptocurrencies are also traded on exchanges. These exchanges are where you can buy, sell, and trade crypto. However, there are a few platforms which only allow you to buy and sell rather than trading crypto. You can choose one according to your prefer
Investing in Crypto! (Crypto Exchanges)
Now that you have got yourself a crypto wallet and have chosen a platform, all that is left for you to take upon – Investment.
I have written an article on cryptocurrency in detail. You can read it here –
Best Crypto Exchanges for you
Coinbase is one of the best crypto exchanges out there. With the feature of buying and selling crypto, it also offers the abilities like ecommerce payments, trading, custodian services, etc. You can buy and sell a number of cryptocurrencies, such as –
Bitcoin, Ethereum, Bitcoin cash, Ethereum classic, BAT, USDT, Solana, ZRX, Polka Dot, etc. Coinbase has more than 100 currencies listed on its platform. The process to get started with Coinbase is super easy to understand and can be done within minutes.
You can download the application from your preferred App Store, open an account with your Aadhaar Card and Voila! You’re done.
You must have heard its name. Binance is one of the most popular crypto trading platforms in India. Well, not just in India! Amongst all other applications mentioned in this article, Binance has the highest number of buy & sell orders.
You can find almost every crypto coin you wish to buy or invest in. Binance charges only 0.02% transactional fee per transaction, which is pretty negligible. In case, you are using credit or debit cards, you’d have to pay 3.5% or $10 fee for the transaction. Hence, it’d be better if you stick to wallets and UPI.
All in all, Binance can prove to be best among the best.
Blockchain Dot Com
If you wish to experience a super easy and interactive crypto trade, Blockchain is the app for you. Not only mobile application, but the user experience of webapp blockchain.com is also one of the best.
It allows you to buy, sell, store and manage every coin you wish! You name any crypto coin, altcoin, you’ll get it here on Blockchain. It was launched in 2013 and since then, it has accumulated more than 70M users worldwide.
This application offers some excellent security options. From pin authentication to biometrics and two-factor, you get everything at once. Above all, you don’t even have to think about transaction fees.
If you choose Kraken, you will experience one of the best frontend UI ever. It is that smooth and amazing. It hosts almost all upper-edge crypto and altcoins. If you have been unable to find some specific coin on other platforms, you’ll most certainly find it here on Kraken.
A total of 90-100 cryptos you can trade! However, there is a pinch – Kraken comes with two versions. Free and paid. But don’t get the wrong idea, the paid version is not expensive. If you are good with your budget and money management, you’ll find the paid version as cheap as free.
Talking about transactional fee, this crypto exchange charges around 0.9% – 1.5% fee, when paid via UPI and other methods. Transactions through debit or credit card will cost you a whopping 3.75% fee.
If you love data and infographics, you are going to love Nomics. Along with trading and investing, this crypto exchange lets you track market stats along with your portfolio stats. Many crypto exchanges out there show the data and stats with little or huge variations. This cheating costs your money. If you wish to stay away from such misfortune, you can trust Nomics. Eyes closed!
The data here is more accurate than any other platform, in my opinion. The transparency Nomics represents is something to vouch for. You can download its application on both Android and iOS. You can also get over with its web app. Big Screen, better UI, better Infographics!
Which one of the above-mentioned crypto exchanges are going on ahead with? Or is it something not included in this list? In that case, don’t forget to comment down below and let us all know. Moreover, the sooner you start, the better you get with your finance.
Also, I post regular updates on my Twitter handle. If you wish to join me – @SushrutKM
Till then, we at Capitalist Cabin wish you a Happy Investing!