In this article, we will be taking a look at the 5 trusted bitcoin investment sites. For our detailed analysis, you can go directly to the 12 Trusted Bitcoin Investment Sites.
5. OKX
Score: 7.1
Trading Volume: $399,718,896
Automated trading tools like OKX Trading Bots have changed the game for traders looking to optimize their earnings in the frantic world of cryptocurrency trading. These Bots aim to profit from an underlying asset’s usual price volatility by purchasing and selling orders periodically above and below established price ranges.
To aid cryptocurrency investors in getting the most out of their investments, OKX offers a variety of automated trading bots. These cutting-edge technologies, which range from algorithmic and grid trading bots to DCA and arbitrage bots, allow traders to successfully manage their trading accounts and make data-driven choices.
4. KuCoin
Score: 7.3
Trading Volume: $225,248,722
One in four cryptocurrency owners utilize the KuCoin service. The main benefit of having such a large client base is that it increases market liquidity, making it more probable that some investors would execute the deals they desire. For more seasoned investors, it also allows futures, staking, and margin in BTC and other cryptocurrencies, as well as P2P trading.
For KuCoin Leveraged Tokens, an agile rebalancing system is created to assist in managing risks and boost returns. For instance, if investors go 3x long BTC on the margin market, they will experience liquidations and lose all of their money if the price of BTC drops by 33%. The dynamic balance system, however, will prevent that from happening.
3. Kraken
Score: 8.0
Trading Volume: $144,907,210
Kraken excels at encouraging gradual and long-term growth. Kraken permits its investors to engage in margin trading, which is borrowing money to execute a deal and maybe a financially rewarding investing technique if an investor wants to invest in Bitcoin.
Between its three distinct services and solutions, Kraken charges the following fees:
- Spot trading commissions range from 0%-0.26%
- Dark pool costs range from 0.20%-0.36%
- Stablecoin trading fees range from 0%-0.20%.
2. Coinbase Global Inc. (NASDAQ:COIN)
Score: 8.4
Trading Volume: $280,480,563
Coinbase Global Inc.’s (NASDAQ:COIN) user-friendly website, mobile app, simple-to-navigate interface, and secure platform attract many investors to invest in BTC and other digital assets. 98% of user money is kept offline in different places around the globe, which contributes to even more safety for digital assets. Although an investor has the option to hold their cryptocurrency in a third-party wallet, Coinbase also offers free wallet services.
As part of a newly formed strategic partnership, Alphabet Inc. (NASDAQ:GOOG) chose Coinbase Cloud Node, Coinbase Commerce, and Coinbase Prime to speed up the adoption and innovation of web3 (web3 is the next generation of the internet that is expected to enable people to own digital property in an open, decentralized environment).
In addition, Microsoft Corporation (NASDAQ:MSFT) is also associated with Coinbase Global Inc. (NASDAQ:COIN), where a user can purchase Microsoft Azure Technology on Coinbase Wallet. Microsoft Corporation (NASDAQ:MSFT) is attempting to merge an NFT-friendly Web3 wallet into its Edge web browser.
1. Binance
Trading Volume: $3,288,470,561
Score: 9.9
Although Binance uses a centralized approach, it recently introduced the DEX, known as Binance Decentralized Exchange, which gave the exchange the best of both types of exchange platforms. Alphabet Inc (NASDAQ:GOOG) also partnered with Binance by introducing Google Authenticator, allowing users to integrate with Binance via SAASPASS Authenticator.
In terms of costs, Binance levies a base fee of 0.1%, which is rather reasonable when compared to those levied by other cryptocurrency exchanges. Investors’ money is safeguarded by the exchange using a multi-cluster and multi-tier system structure and the Secure Assets Fund for Users (SAFU). Additionally, Binance Launchpad enables fresh token sales in which a user may use its BNB tokens to purchase a stake in a brand-new cryptocurrency.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a look at 11 Best Bitcoin Stocks To Buy and 15 Major Companies That Accept Bitcoin as Payment.
