5 Best Cryptocurrency Trading Platforms in 2021

2. Binance

Cryptocurrencies: 150+

Payment Methods: Debit/Credit Card, Wire Transfer, Bank Account

Binance focuses on altcoin trading. Founded in 2017 by Changpeng Zhao, Binance offers traders a wide range of cryptocurrencies including the most famous ones like Bitcoins, Ethereum, and Litecoin. Along with the other cryptocurrencies, Binance has its custom-made Binance Coin (BNB), which is used for purchasing and paying transaction fees. Binance is the largest crypto exchange based on trading volume. It also supports around 46 fiat currencies. The platform has a standard fee of 0.1% for buying and selling and a 25% discount for customers holding BNB. Binance became a decentralized exchange (DEX) with the development of Binance DEX in 2019 to encourage more peer-to-peer trading. Their mobile app is highly user-friendly because of its two versions. The Lite version of the app is suited for beginners, while the Pro version is best for experienced traders. In 2020, Binance turned a profit of about $570 million and expects to reach $800 million this year.