Apart from low transaction fees, what other features do you consider in a trading platform? Most platforms offer similar features, such as a downloadable desktop app, a web-based app, and a mobile app. However, some trading platforms offer additional features, including:
- User-friendliness
- High-quality security features
- Live chat
- Custom views
Below are five of the best trading platforms available today.
PrimeXBT
PrimeXBT has managed to establish itself as a leading trading platform since launching back in 2018. It offers a robust trading system that caters to both beginners and professional traders after highly reliable market data and performance. On the platform, users can trade with leverage. The company recently introduced covesting, the first crypto copy trading platform where less experienced traders can follow and copy expert traders’ strategies.
PrimeXBT also offers a ripple trading platform, where users can access advanced trading tools and strategies for XRP. The platform provides all the tools needed to buy, sell, and trade Ripple in the market. Additionally, users of PrimeXBT can buy Bitcoin with a credit or debit card to fund their trading accounts.
Users can also deposit their own BTC into the PrimeXBT wallet BTC address.
eToro
eToro trading allows investors from the United States and Europe to trade stocks, commodities, digital currencies, and more. Currently, the platform offers cryptocurrency trading to US investors.
Additionally, eToro is a social trading platform that allows traders to copy other top traders’ trades. eToro contains the best trading feature that new and experienced investors look for.
eToro does not charge any flat trading commissions. The commissions are collected through spreads. The wider the spread between the bid and ask, the higher the platform’s fees.
Kraken
Kraken is among the best digital currency trading sites for both experienced and new traders. The platform guides new traders to the expert level. Kraken offers simplicity and portfolio management to keep track of your portfolio.
Additionally, Kraken focuses on maintaining high-quality safety and security for its users to prevent fraudulent activities or theft of funds. Kraken’s customer support team offers 24/7 support through its global support. This is an essential feature, because beginners and experts can get assistance whenever they want.
Moreover, Kraken has advanced features to list your financial resources. Users can make informed decisions to increase their portfolio and even find a matching investor. The over-the-counter trading feature helps users grow, further enabled by the platform’s competitive prices and flexible process.
Coinbase
Coinbase is a trading platform based in the United States that offers user-friendliness and competitive rates. The platform allows traders to purchase a wide range of digital currencies directly with USD.
The platform’s popularity stems from offering the fastest and easiest buying processes. It also gives its investors confidence because it is a registered company and regulated by the United States. Additionally, users can trade multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and XRP, without converting from one currency to another.
Another factor to consider when selecting a good trading platform is liquidity. Otherwise, the platform could have wide currency spreads, thus making trading expensive.
Coinbase offers plenty of liquidity. This means that users can conduct large transactions without any issues.
Additionally, Coinbase offers a digital wallet that allows users to store their digital assets. With the wallet, you can store all cryptocurrencies of your choice. The wallet is decentralized and available on both the Apple App Store and Google Play store. The high-security features ensure your digital assets are safe from hackers and malicious individuals.
CEX.IO
CEX.IO boasts more than 3,000,000 happy users. The trading platform has earned people’s trust because of its reliability in trading. Users can deposit funds for buying and selling Bitcoin and other cryptocurrencies using Visa/Mastercard.
CEX.IO has an advanced engine for trading. The engine supports order listing algorithms to process high-volume orders in real-time. Additionally, the platform boasts unique security protocols such as full data encryption and compliance with PCI DSS standards.
Conclusion
Trading cryptocurrencies, commodities, and other assets today is easier with the wide range of trading platforms introduced. However, choosing the best trading platform for your unique needs may be a challenge. Use the features discussed in this guide to help you select the best platform for your trading needs.
