It is almost certain that you have already heard of cryptocurrencies. Despite the fact that Bitcoin was launched in 2009, it was only in the past few years that it finally entered the public, reaching a high of $68,789 in November 2021. While more and more people are interested in cryptocurrencies, the adoption rate is increasing at a faster rate. rate than ever.

By 2021, it was estimated that there were now over 300 million crypto holders worldwide, with a global crypto adoption rate of 3.9%. Market leaders such as Ethereum (ETH) and renowned coins like Shiba Inu (SHIB) are widely available.

Ukraine (12.73%), Russia (11.91%), Venezuela (10.34%), Singapore (9.40%) and Kenya (9.40%) are the main nationalities of holders of cryptocurrency in percentage. CoinMarketCap, one of the largest listing platforms, currently indexes over 17,500 distinct cryptocurrencies. With so many options available and new currencies like Firepin Token (FRPN) vying for attention, there seems to be a room for everyone. The amount of options available to novice investors may overwhelm some. There are a plethora of exchanges out there, but the ones listed below are some of the best and friendliest for people new to cryptocurrencies.

The best cryptocurrency exchanges

Coinbase is a cryptocurrency exchange (coinbase.com) Coinbase has been around since 2012, making it one of the best-known cryptocurrency exchanges. It is popular among rookies due to its simplistic user interface. Coinbase’s security procedures are comprehensive and all funds held by the company are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. For this reason, the fees can be quite high.

Binance is a cryptocurrency that is traded on the Binance exchange (binance.com) Changpeng Zhao owns and manages Binance, which is one of the top five exchanges by trading volume. Binance Coin (BNB), the company’s own cryptocurrency, is ranked third by market capitalization, behind Bitcoin (BTC) and Ethereum (ETH) (ETH) (and Tether, the stablecoin). Binance was established in 2017 and now offers over 150 cryptocurrencies, including major coins as well as several alternative currencies. BNB trading fees are lower, while larger volume trading fees are often lower. Binance also supports a variety of trading strategies, including limit and stop-limit orders.

kraken – (kraken.com) Kraken is a cryptocurrency exchange established in 2011 and available in 176 countries. It charges lower fees than many other exchanges, including Coinbase, and is widely considered a safe place to trade. Depending on how knowledgeable a user is before investing, the complexity of Kraken can be both an advantage and a disadvantage.

eToro is an online trading platform (etoro.com). One of the best known exchanges is eToro. Its users can buy and sell stocks as well as cryptocurrencies. For beginners, the eToro interface is quite user-friendly, and a crucial feature is the ability to trade up to $100,000 in virtual money. For every budding investor, this is the ideal risk-free technique. Because eToro’s costs are based on the spread, they can be quite high (the difference between what is paid for a coin and what the user wants to sell it for).

Uniswap is an acronym for “Universal Swapping System” (uniswap.com) Uniswap is a decentralized cryptocurrency exchange. It allows users to trade cryptocurrencies without the intervention of a facilitator. Its security procedures guarantee the legitimacy of its platform. Uniswap’s design allows it to accommodate newer and smaller currencies. Uniswap investors can get into projects earlier, which means they can see the potential for greater short- and long-term gains. At the end of its pre-sale, FirePin Token (FRPN), one of the most exciting new cryptocurrencies expected to emerge in 2022, will be available on Uniswap.

Investing in cryptocurrencies of course involves some risk. The market can be volatile; large price gains could be followed by even larger price declines. As a new investor, you should be aware of this. There are many opportunities to make a huge profit in cryptocurrencies with a little patience, time in the market, and research before investing in projects.

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