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Best App For Trading Crypto
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Although cryptocurrencies have become popular in recent years, few Americans have bought them. Among the most popular cryptocurrencies are Bitcoin, Ethereum and Dogecoin, which have seen a lot of activity in the past year. Need traders? This is the opportunity to make huge profits on the speculative volatility of assets.
There are many more ways that traders can earn cryptocurrencies. New exchanges and trading platforms have been launched in response to the growing interest in cryptocurrencies. In fact, there is an app on your phone where you can shop. For example, if you have a PayPal or Venmo app, you can buy different currencies. But other apps and exchanges let you choose from a wider range of cryptocurrencies – there are thousands – or offer other benefits, such as lower fees.
Below are the most important crypto trading apps and exchanges and some basic things you should know.
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The following platforms include private crypto exchanges, online merchants, and banking and payment applications. We’ve included prices and the number of coins you can trade so you know where each app or exchange stands.
If you only want to trade the biggest cryptocurrency Bitcoin, it’s not a good idea to use an app that offers you a bunch of others. On the other hand, if you want to trade what’s hot right now, consider an app or exchange with other brands.
Bittrex is an attractive option for crypto traders due to its low fees, especially for large trades. If you trade less than $50,000 in 30 days, you’ll pay 0.25% to 0.35% commission, but the fees drop quickly if you trade larger amounts. Additionally, Bittrex does not charge USD deposit or ACH withdrawal fees.
Serious cryptocurrency fans will also appreciate that Bittrex offers over 250 cryptocurrencies. You’ll find the most popular currencies like Bitcoin, Ethereum, and Dogecoin, as well as a list of more obscure ones.
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Binance.US, the American branch of the large Binance organization, is one of the most popular crypto exchanges due to its low transaction fees. Merchants with less than $50,000 worth of transactions in the first 30 days pay just 0.10%, with fees dropping for larger merchants. Additionally, if you pay trading fees using BNB, Binance’s local currency, you will receive a 25% discount.
You can also trade 117 different currencies on Binance, so you won’t have a problem finding what you’re looking for, especially if you want to trade the most popular coins.
Fee: 0.10%, but lower for larger merchants. 25% discount if you pay transaction fees with BNB.
EToro brokers are all crypto, always (at least for US traders, although others trade stocks). You can access 63 on ETor