The catch with taking this route is that you won't have as many crypto-specific features as you would with a Kraken or Gemini. You can invest in cryptocurrencies in more than one place.Īnd if you're interested in low-cost options, note that you can also trade cryptocurrencies with fee-free brokerages like Webull and Robinhood. This depends on your investment goals and needs. You can simply transfer assets between your exchange account and crypto wallet when necessary. If you want to set up an external wallet with a bitcoin wallet provider or another storage wallet service, you can do so while maintaining your crypto exchange account. But then again, most exchanges aren't solely personal wallet services. Most exchanges also offer custody and storage options for users looking to safely protect their crypto assets against theft and hacks. Many of these exchanges offer investment options for active traders looking to buy, sell, or hold digital assets like bitcoin, ether, and litecoin. What Is a Cryptocurrency Exchange?Ī cryptocurrency exchange is like an online brokerage for cryptocurrencies, tokens (virtual assets created through existing blockchains), and other digital assets. Some online brokerages require a minimum requirement in your account or additional fees to access crypto trading. Just like with a brokerage account, you can open a crypto account with an online broker or traditional broker that offers cryptocurrency trading as an investment option. Compare the Best Cryptocurrency Exchanges Existing SoFi Invest crypto accounts will either have to liquefy their crypto assets by that date or migrate over to. SoFi Invest recently announced that it will no longer offer cryptocurrencies starting December 19, 2023. Keep reading to find the best crypto trading platform for you. We've compiled some of the best cryptocurrency exchanges for buying and selling crypto assets. eToro USA: Best crypto exchange for all types of traders.Gemini Investing: Best crypto exchange for bitcoin and ether traders.CEX.IO: Best crypto exchange for cryptocurrency selection.Kraken: Best crypto exchange for futures and margin traders.Abra: Best crypto exchange for low fees.
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