Cryptocurrencies have taken the world by storm from the time they started their journey. The most popular crypto, Bitcoin, saw a sharp growth since its launch and now, it has emerged as the largest cryptocurrency in terms of market capitalization. Besides Bitcoin, altcoins(cryptos other than Bitcoin) like Ethereum, Monero, Ripple have performed well. People on their way of trying something new, are now looking to buy these cryptos rather than buying stocks and shares. Buying cryptos from a crypto exchange platform is the easiest way to buy cryptocurrency. In this article, we will see some cryptocurrency exchanges to buy cryptocurrencies in 2020.
Coinbase is one of the biggest cryptocurrency exchange platforms in the world from the US. The platform offers both the cryptocurrency wallet and exchange in a single place, which makes it the best destination to purchase cryptos. Currently, the exchange deals with major cryptos like Bitcoin, Ethereum etc.
Robinhood is a crypto exchange platform best known for its low costs. It started its journey as a stock brokerage system free from any fee. After that, it moved towards the world of cryptocurrencies. Since 2018, Robinhood is providing trading options for 15 cryptocurrencies, including Bitcoin and Ethereum.
Just like Robinhood is recognized for low costs, Square Cash is another platform best known for its versatility. It is available in a mobile app from where you can buy and sell Bitcoins and other cryptos without any fees. The company behind it, Square, is a well-known fintech company.
If you want more options other than the major cryptos, Binance is a great choice. The platform has a huge collection of these digital assets from all around the world. Some of these cryptos are Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Monero, Skycoin, ICON, Tron and many more. Besides this, Binance has its own crypto, Binance coin.
Earlier, it was known as GDAX. Coinbase Pro is a crypto exchange platform which has its trade fee of around 0.30 percent. The fee also depends on the volume of trade. Coinbase Pro is the best option when you want to trade for higher volumes. It could also provide some insurance service for your crypto funds.
It is an inexpensive crypto exchange platform which has trading fees of about 0.15 percent for major cryptocurrencies like Bitcoin, Ethereum etc. Just like Binance, CoinExchange has a huge list of cryptos for trading. Its API, CoinExchange API, can help developers take their Bitcoins to other heights. In spite of so many features, the platform still lacks a mobile app.
Coinmama is both a cryptocurrency wallet and exchange. The platform has a very limited list of fiat options for trading. Among them, the two most significant fiats are US dollars and Euros. Coinmama has trading fees of up to 6 percent, which are higher than the other crypto exchanges. If a trader makes use of a credit card or debit card, he or she will have to pay an extra 5 percent.
India is a country where cryptos have recently started their journey. Thus, the country lacks stringent rules and regulations on cryptos. Still, you cannot buy cryptocurrencies anonymously in India. In order to buy and sell cryptos, you will have to create an account with the cryptocurrency exchange platform. Some of the popular platforms in the country are Zebpay, WazirX, Bitbns, LocalBitcoins, KoinOK etc. As the world of cryptos is full of cybercrimes, the country is looking forward to providing some laws and regulations for them just like other nations such as Japan, the USA and Malta.
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