Coinbase Vs Luno Vs Binance
For beginners, it is known that investing or trading in Bitcoin or other cryptocurrencies can be kind of intimidating at first (and even confusing at some quarters). There are several cryptocurrencies out there since the boom of bitcoin. Nevertheless, by having the right information, anyone can find it simple and easy to trade in cryptocurrency today.
When one is trying to trade or purchase cryptocurrencies like bitcoin, it is important to pay attention to things like safety and security. There are other factors to consider, such as if you intend holding for a long period of time, if you want to be anonymous, and so on.
In this list, we will be exploring some real popular cryptocurrency exchanges out there. Of course, there are several exchanges out there. But let’s say some things about these ones:
Let’s get started:
Coinbase is a big exchange, and is said to be the most widely known and used exchange in the United States. Founded in 2012, Coinbase is a fully regulated and licensed cryptocurrency exchange. The organization currently has licenses to operate in over 40 U.S. states and territories. Coinbase can boast of strong variety of altcoin choices and is also very simple to use. Nevertheless, its fees are on the high side if you are not using Coinbase Pro, and you as a user does not control wallet keys
It is impressive that despite all that is going on in the industry (in terms of frauds and all of that), Coinbase has largely avoided any controversy.
This was founded in 2017 with a huge focus on altcoin trading. The exchange actually offers over 100 different trading pairs between different cryptocurrencies. Binance has lower fees than other commonly used exchanges and can also boast of more advanced charting. On the other hand, it is geared for more advanced users. As things stand now, it dominates the global exchange space, making up a significant portion of crypto trading volume daily.
So, for those who would like to trade or invest in lesser-known altcoins, they can use Binance. While an exchange like Coinbase offers 46 different cryptocurrencies to trade, Binance has over 50. That is interesting, isn’t it? So, know what you want and go for it.
Well, currently, we won’t dwell much on Luno due to some reasons. But it’s another popular cryptocurrency exchange that has tons of users from different places in the world.
As stated earlier, know what you want and go for it. It is important that you keep learning and learning as you go and grow. There are folks with bad motives everywhere. But as you learn and grow, you know how to easily identify such and also avoid them as the plagues they are. Trading cryptocurrencies have become a job for many, and it’s pretty cool, considering its economic impact. If you want to join the carriage, you too can do just that. And of course, trade safe and apply wisdom (everyone needs this).