Top 10 Trusted Popular Bitcoin And Crypto Investing SitesÂ
Investing in Bitcoin is all the rage, but how exactly does a beginner get started?
Do you need to have Bitcoin to invest?
Or do you transfer money from your bank account somewhere and convert it to Bitcoin? How does that look like?
We will answer all these questions and list 10 of the best cryptocurrency exchanges and platforms that allow you to buy Bitcoin and other tokens.
In the future, we will use BTC, which is the symbol for Bitcoin on exchanges and trading platforms.
If you just want to get high returns with crypto, you could consider a crypto savings account. These accounts pay up to 12%, but carry risks (just like regular crypto investments).
Editor’s Choice for Best Crypto Exchanges:
- Best for Altcoins: Uphold
- Best for Earning Interest: Blockfi
- Best for Trading: Binance
- Best Overall: Coinbase
Bonus Offer: BlockFi is currently offering an amazing promotion where you can get $ 250 worth of BTC if you open a new account with $ 25 and meet the qualification criteria. Open an account here >>
Here is our list of the 10 best cryptocurrency exchanges and investment or trading platforms.
The 10 Best Trusted Popular Bitcoin and Cryptocurrency Exchanges
- BinanceÂ
- Bitcoin IRA
- BlockFi
- Coinbase
- Crypto.com
- eToro
- Gemini
- Kraken
- Ledn
- UpholdÂ
TOP Popular Crypto coins Exchanges and Investing Platforms
Binance
Binace is A great platform to enter some coins like Cardano or Neo. It’s not as easy to use as some of the top platforms on this list, but they do have one of the strongest trading platforms out there. They have a decent mobile app, but again, it’s not that easy to use and has frustrated us. Try Binance here.
Note: Binance.us is the US version of the platform and has limited coins and tokens to invest in compared to the international version of Binance.
Pros
- Large number of coins and tokens supported
- Fast transaction times
- Low rates
Cons
- The US has limited options compared to the rest of the world
- Not available in all 50 states
- Limited customer support
Take a Look at Binance Here and Get Started >>
Bitcoin IRA
Bitcoin IRA is a bit different than the other platforms here. Unlike most exchanges and wallets, you are basically just trading currency and are subject to paying taxes on your earnings (learn how taxes on your cryptocurrencies work here).
That being said, Bitcoin IRA combines the best of being a crypto wallet and exchange, with also being an IRA. That means your earnings within the account are tax-free or tax-deferred.
Pros
- Invest in cryptocurrencies within your IRA
- Possibility of earning interest on your crypto within your IRA
- High security options
Cons
- High fees
- High lows
- It doesn’t support as many tokens and coins as other platforms on this list
Take a Look at Bitcoin Ira Here and Get Started >>
BlockFi
BlockFi is a cryptocurrency investment platform that allows you to lend and earn interest on your holdings. Also, instead of selling your coins and tokens, you can also borrow against their holdings.
If you are just looking to save your tokens, you can also let them earn interest for you.
Bonus Offer: Get up to a $ 250 bonus when you make a $ 25 deposit and keep it for the specified time period.
Pros
- No commissions or fees
- Based in the USA and regulated
- Earn high interest on deposits
Cons
- Does not support many tokens and coins
- Limited free withdrawals
Take a Look at Blockfi Here and Get Started >> Get Up to a $ 250 Bonus!
Coinbase
Coinbase is by far the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can currently buy Bitcoin, Ethereum, and Litecoin and more than 30 coins and tokens on the platform. Additionally, you can earn interest on your USDT and you can earn token rewards by completing various activities.
Plus, when you open a Coinbase account, you get a $ 5 bonus!
Pros
- Easier to use interface
- Good selection of tokens and coins to invest.
- High level of security and reliability
Cons
- High fees unless you use Coinbase Pro
- User does not control private keys in wallet
- Slow to adopt popular new cryptocurrencies
Take a Look at Coinbase Here and Get Started >> Get $ 5 Free!
Crypto.com
Crypto.com is one of the largest and fastest growing crypto exchanges. It is based in Hong Kong, but offers a great deal of support for US customers.
Right now, you can have access to over 90 tokens and coins around the world, and 50 tokens and coins if you are in the United States. Plus, they offer solid fees on their crypto savings accounts.
The only big drawback is that at the moment it is only based on one application, there is no desktop platform.
Pros
- Large number of coins and tokens supported
- Pay weekly interest on cryptocurrency savings
- You can get a debit card linked to your account
Cons
- Complicated fee structure
- No desktop support, just app-based
- Limited customer support
Take a Look at Crypto.com Here and Get Started >>
eToro
eToro has been around for a while in the UK and throughout Europe, but now they allow traders in the US. They offer a wide variety of digital assets to buy and sell on their platform and best of all, they have a practice trading account so you can test it out before using real funds.
Right now, eToro is offering a $ 50 bonus to new customers who open an account and exchange $ 1,000 in cryptocurrency before June 30, 2021.
Pros
- Global options for cryptocurrency trading
- Possibility of copying portfolios of other traders
- Low lows to start
Cons
- Limited options in the United States
- Only available in 41 states
- It doesn’t support as many tokens and coins as other platforms on this list
Take a look at eToro here and get started >> Get a $ 50 bonusÂ
This ad promotes virtual cryptocurrency investment within the EU (by eToro Europe Ltd. and eToro UK Ltd.) and the US (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, has no EU protections, and is not overseen by the EU regulatory framework. Investments are subject to market risk, including loss of principal.
Gemini
Gemini is a popular platform to invest in crypto due to its focus on security and transparency. Unlike some exchanges that seem vulnerable, Gemini focuses on protecting its customers.
Gemini is one of the only exchanges we have seen that offers FDIC protection on USD deposits. Now they are also compatible with DOGE.
Plus, when you open a Gemini account and deposit $ 100, you get a $ 10 bonus!
Pros
- Very easy-to-use application-based interface
- Available in all 50 states, including New York
- Gemini Earn offers solid interest rates
Cons
- High rates and price structure
- Reports of poor customer service
Take a Look at Gemini Here and Get Started >> Get $ 10 Free!
Kraken
Kraken is one of the original crypto trading platforms and has a good selection of coins and tokens to trade and invest. They also allow margin trading. However, it is a real exchange and not as user friendly as some of the top platforms on this list.
Kraken is one of the few platforms on this list that allows you to trade DOGE and other riskier tokens.
Note: Kraken offers a limited section of coins and tokens to US clients versus international clients.
Pros
- One of the longest lasting crypto exchanges
- High level of security and trust
- Wide variety of cryptocurrencies and tokens to trade.
Cons
- One of the most difficult platforms to use.
- Difficulty with 2FA
- Some reports of poor customer service
Take a Look at Kraken Here and Get Started >>
Ledn
If you are looking for an alternative to cryptocurrency trading, check out Ledn. Ledn is a savings and loan platform that focuses on Bitcoin and USDC.
Right now, you can earn up to 6.10% on your bitcoin and up to 11% on your USDC through savings and loan options on your platform.
Pros
- Pay high interest on shares
- No minimum balance requirements
- No monthly payments on BTC-backed loans
Cons
- It only supports BTC and USDC
- The loans have very high interest rates.
Take a Look at Ledn Here and Get Started >>
Uphold
Uphold offers a simple solution for trading multiple assets: open an account and trade multiple assets without going back to cash. If you have traded all cryptocurrencies, you will know that many coins and tokens are only traded on certain pairs, so you will always return to BTC or ETH. But in Uphold, you can trade multiple assets directly.
Also, Uphold is one of the few exchanges that allows you to trade XRP, DOGE, and more.
Pros
- Simple and transparent pricing structure
- Many crypto tokens and even some stocks, including popular ones like XRP
- Mobile and desktop applications
Cons
- It is not as easy to use as some on this list.
- Some reports of poor customer service
Take a Look at Uphold Here and Get Started >>
How to Deposit Usd to Buy Bitcoins and Cryptocurrencies
Coinbase is one of the most popular platforms and has a simple process. Some of the websites mentioned below will follow this same process. We love Coinbase because you get $ 5 if you open an account.
With Coinbase, you open a Coinbase account and link your bank account or credit card. Then transfer funds from your bank account to buy BTC or shop with your credit card. BTC credit card purchases are the most expensive.
The mechanics of buying BTC involves entering an amount in USD or an amount of BTC. The website will then convert the other currency.
For example, if you enter 500 USD, the website will fill in the BTC side with 0.0357 (or the current BTC exchange rate).
Once you have completed the amount, click to buy your BTC. While credit card transactions cost the most, they are also the fastest to complete BTC transactions.
Bank accounts can take a few days. Note that you will get the exchange rate at the time you bought BTC.
If BTC goes up 1000 by the time your transaction completes three days later, you will lose the increase.
Where exactly does the BTC you have bought go? After all, you haven’t invested it yet. Your BTC is in what is called a digital wallet. Most exchanges have their own wallet that you use to hold your BTC.
Going back to the brokerage example, your cash balance is used to trade stocks. BTC in your wallet is used to exchange BTC.
