Best Crypto Exchanges 2021

Mastering cryptocurrencies on your own can be difficult, and choosing the right platform to purchase and sell famous commodities like Bitcoin and Ethereum can be much more difficult if you're a newbie to crypto trading.

Even though staking awards (for keeping a crypto asset for a specified amount of time), margin trading, cryptocurrency trading tools, and other features are available on most crypto exchanges; it's vital to consider supported denominations, pricing, transaction choices, and security when selecting the perfect crypto exchange for your requirements.

Let's take a look at some of the best cryptocurrency exchanges of 2021.

1. Coinbase

Coinbase is popular because it makes buying and selling bitcoins simple and secure. It also offers price transparency.

Coinbase has generally avoided any scandal in the cryptocurrency market, which has been constantly plagued by counterfeit coins and dodgy exchanges. Coinbase provides an incredibly user-friendly exchange, lowering the barrier to entry for cryptocurrency investment, which is often perceived as complex and perplexing.

Pros
  • Provides a wide range of cryptocurrency options.
  • Has a highly user-friendly UI.
  • Offers high liquidity.
Cons
  • You have to pay high fees if you don't use Coinbase Pro.
  • User doesn't have authority over wallet keys.

2. Cash App

Cash App is popular because it is simple to use and offers a variety of withdrawal choices compared to other cryptocurrency wallets.

Cash App, like Venmo, is a peer-to-peer payment processing service. Users can use Cash App to divide the food bill, pay the mortgage to a roommate, and even shop online at stores that accept Cash App. Users can have their own Cash App debit cards and utilize Cash App like a bank account. This service is convenient enough on its own, but Cash App adds even more functionality.

While its major feature, comparable to Venmo, is financial transactions, it also features a simple crypto investment tool similar to Robinhood. Square's Cash App, rather than Robinhood, lets people transfer bitcoin assets to their own wallets, making it the greatest alternative for newbies wishing to buy Bitcoin.

Pros
  • Like Venmo or Zelle, it is a peer-to-peer money transfer service.
  • Provides Bitcoin withdrawal capability.
  • Has an extremely user-friendly interface.
Cons
  • Bitcoin is the only cryptocurrency supported; no other cryptocurrencies are supported.
  • There is a 3% charge when sending money by credit card.
  • There are daily and weekly withdrawal restrictions.

3. Binance

Another great cryptocurrency exchange listed here for its flexibility and ease of use, Binance is an altcoin-focused exchange that allows the trading of more than 50 cryptocurrencies. It also allows its users to invest in more than 100 different cryptocurrency trade pairings and offers a wide variety of fiat-cryptocurrency combinations. As a result, for people who want to invest or trade in altcoins, Binance is the best choice.

Binance is also an excellent alternative for someone who needs a more sophisticated monitoring system than most other exchanges because it offers data (such as forecasts and current stock market values) and tools that are fantastic, especially for the low prices.

Pros
  • Offers a wide variety of cryptocurrencies and around 100 trade pairs.
  • Provides a more sophisticated charting than other regularly used exchanges.
Cons
  • Intended for people who have more experience.
  • Not all states are supported by Binance U.S.
  • The U.S. version lacks the vast selection of trade pairings offered by the international version.

4. Bisq

Bisq is an excellent platform for trading Bitcoin and other cryptocurrencies. Because of the platform's decentralized structure is extremely secure, and you will not need to use a third party to perform trades. For a nominal Bitcoin-denominated charge, anyone on the site can make trades.

You can get the Bisq channel for Windows, Mac, or Linux from the company's website or GitHub.

Pros
  • Offers a decentralized, non-KYC platform.
  • Provides over 25 distinct payment choices.
  • Comes as both an Android and iOS mobile app.
Cons
  • Transaction speeds may be slow.
  • Transaction volumes may be small.
  • It is not intended for active trading.

Final Verdict

If you want to begin trading or invest in cryptocurrencies, selecting the appropriate exchange for your needs is critical. Whether you want the most currencies, the cheapest charges, or the easiest experience, you have many alternatives. All you need is a financed account to acquire your first cryptocurrency, whether it's the all-rounder champion Coinbase or a challenger like Binance.