Bitcoin investing is all the rage, but how can a novice get started?
Is it necessary to have BTC before investing?
Or do you transfer funds from your bank account to a third party and then convert them to Bitcoin? So, how does it look?
We'll answer all of your questions and recommend ten of the finest cryptocurrency marketplace and platforms for purchasing Bitcoin and other cryptocurrencies.
We'll start using BTC, which is the symbol for Bitcoin on exchanges and trading platforms, going forward.
A crypto savings account is a good option if you merely want to earn a high return using bitcoin. These accounts offer up to 12%, but there are hazards involved (just like regular crypto investing).
Editor's Picks For Best Crypto Exchanges:
- Overall winner: Coinbase
- Binance is the best trading platform.
- Interest is best earned by: Hodlnaut
- Uphold is best for altcoins.
Top 10 Cryptocurrency and Bitcoin Exchanges
- Cointelegraph
- Voyager
- BlockFi
- Uphold
- Kraken
- eToro
- IRA using Bitcoin
- Crypto.com
- Binance
- Hodlnaut
Best Crypto Exchanges and Investing Platforms
The ten top cryptocurrency exchanges and investment or trading platforms are listed below. The College Investor gets income from the firms whose crypto deals feature on this site.
Our payment may influence how and where items are displayed on this website (including, for example, the order in which they appear).
The College Investor does not cover all cryptocurrency exchanges or all cryptocurrency deals on the market.
Coinbase
Because you can invest directly using USD, Coinbase is by far the most popular and one of the finest cryptocurrency exchanges.
On the site, you may buy Bitcoin, Ethereum, Litecoin, and more than 30 additional currencies and tokens. You may also earn interest on your USDT and token prizes by participating in different activities.
Plus, if you join up for a new Coinbase account via our link, you'll earn a $5 BTC bonus after your first transaction!
Pros
- The most user-friendly interface.
- Invest in a wide range of tokens and currencies.
- The high degree of security and dependability.
Cons
- Fees are high unless you use Coinbase Pro.
- The user has no control over the wallet's private keys.
- Popular new coins are being adopted slowly.
Voyager
As one of the earliest publicly listed exchanges, Voyager is a popular place to invest in cryptocurrency. They are app-based and provide a commission-free trading environment.
Voyager accepts the majority of major cryptocurrencies, offers excellent customer service and interaction, and offers reasonable interest rates on assets.
Plus, if you establish a Voyager account and trade $100 in crypto, you'll get $25 in BTC.
Pros
- App-based UI that is very simple to utilize.
- Structure with no commissions.
- Voyager offers competitive interest rates.
Cons
- Withdrawals gradually (can take upwards of 1 day).
- In New York, it is not available (yet).
BlockFi
BlockFi is a bitcoin investing platform that enables you to lend your cryptocurrency and earn interest on it. You may also borrow against your assets rather than sell your coins and tokens.
If you merely want to keep your tokens, you may let them earn interest on their own.
Extra Offer: Get up to $250 in bonus money when you deposit $25 and keep it for the stipulated amount of time.
Pros
- There are no commissions or fees.
- United States-based and regulated
- Deposits earn you a lot of money.
Cons
- Many tokens and coins are not supported.
- Free withdrawals are limited.
Uphold
Uphold provides a straightforward method for trading online numerous assets: establish a single account and trade multiple assets without returning to cash.
If you've ever traded cryptocurrency, you're aware that many currencies and tokens only trade in certain pairings, so you're constantly returning to BTC or ETH. On the other hand, you may trade many assets at once on Uphold.
Plus, Uphold is one of the few exchanges that accept XRP, DOGE, and other cryptocurrencies.
Pros
- A pricing structure that is simple and straightforward.
- There are several crypto tokens and even stocks, including well-known ones like XRP.
- Both desktop and smartphone applications are available.
Cons
- Some of the items in this list are more difficult to use than others.
- There have been several complaints of bad customer service.
Kraken
Kraken is one of the first cryptocurrency trading platforms, with a wide range of currencies and tokens to trade and invest in. They also let you trade on margin. It is, however, a genuine exchange that is not as user-friendly as other of the top platforms on our list.
Kraken is one of the few platforms on our list that lets you trade DOGE and other riskier tokens.
Note that US clients have access to a smaller selection of coins and tokens than foreign customers.
Pros
- One of the oldest cryptocurrency exchanges.
- High levels of trust and security.
Cons
- Wide range of coins and tokens to trade.
- One of the most challenging platforms to work with
- 2FA is difficult.
- There have been several complaints of bad customer service.