If you’re a seasoned trader with a couple of months or even years under your belt, it can be difficult to know where to go to leverage your abilities. Today, Crypto Lists explores some of the best places to go if you’re an experienced crypto trader.
In the bear market there are always shorts to execute, and longs for the optimistic crypto enthusiasts out there. Likewise, leveraging and margin trading that some of the more beginner-oriented platforms don’t provide. We’ve got dozens of reviews and various toplists for you to check out to find the right place for you.
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Broker or Exchange?
Users in the rapidly expanding cryptocurrency market have several options for buying, selling, staking, and exchanging virtual currencies. The two most common options nowadays are crypto exchanges and brokerages. They’re not the same despite their superficial similarities.
Like traditional brokers connect buyers and sellers on the stock market, crypto brokers connect traders with the cryptocurrency market.
Cryptocurrency exchanges exist primarily to facilitate trading between different cryptocurrencies and fiat currencies. CFD trading is not available on any exchanges that deal in cryptocurrencies – you’ll need a broker such as Skilling or Avatrade. Read on to find out some of the top crypto brokers and exchanges veteran traders can use. In no particular order, of course!
Skilling
Skilling is a crypto CFD broker facilitating online trading and providing access to over 800 financial items. Currently, virtual currencies are the company’s main emphasis, providing over 50 crypto pairs, more than 100 shares, and 50+ currency pairs as CFDs.
Skilling provides among the lowest cryptocurrency spreads in the industry, with some of them being as low as 0.001 points. This well-known company creates an open, easy-to-navigate, and safe environment for traders and newcomers to try crypto CFD. When trading or investing in crypto CFDs, you can use 100% leverage or 0% leverage.
The trading interface offers several different chart presentation choices. Orders placed on any of their instruments are processed in less than 0.05 seconds. There are more than a thousand strategies available on Skilling, and all may be copied mechanically using Skilling copy.
Its 12 available languages and the fact that customers can access it via a website and a mobile app set Skilling apart from any other similar sites. Sign up below!
Coinbase
In 2012, Coinbase introduced Coinbase Pro, an advanced trading platform aimed at serious investors. Coinbase, Inc., the company that owns and runs the website, developed it into a sophisticated venue for digital trading. Before its rebranding in July 2018, the platform was called GDAX.
As of November 2022, Coinbase Pro is no longer operating as its own separate entity and isn’t accepting new customers. But don’t panic, it’s not bad news. It’s actually something positive and a welcome move for people who want everything in one place. They’ve moved their services and user base to the ‘Advanced Trade’ section of the main Coinbase website.
Coinbase facilitates the buying, selling, and exchanging of cryptocurrency for institutional investors. The advanced section of the platform has cheap trading fees, is very safe, and is simple to use. Those with more experience trading cryptocurrencies should have a great time here.
Hundreds of different cryptocurrencies are available, and it has top-tier security features, including 2-factor authentication and cold storage.
Want to see for yourself? Try Coinbase today!
Binance
Binance was created in 2017 by Changpeng Zao, and it is a cryptocurrency exchange. It’s a one-stop shop for beginners and seasoned vets alike. The company’s founder established it in China but later relocated it to the Cayman Islands to escape Chinese governmental control.
If you’re looking for a place to trade cryptocurrencies, look no further than Binance. It’s a marketplace where buyers and sellers may buy and sell digital currencies validated on the market. With a record of 2 billion transactions daily, the platform is by far the largest cryptocurrency trading site in terms of trade volume and market capitalization.
Its volume and reach allow it to provide low rates. The market value of digital currencies is reflected in their pricing. The security, crypto-encyclopedia, and the Academy, which allows you to study anything related to cryptocurrency, are all significant plus points. You’re never too old or experienced to learn something new, especially in this space.
Launchpad tokens are awarded to outstanding traders who use them to bring their blockchain ideas to life. Like most people in the cryptosphere, you’ve probably seen Binance in the news due to the FTX debacle. And, perhaps more recently regarding audits. However, they remain a huge name in the industry, hugely popular, and one of the top sites to trade on.
Like what you see? Open a free account on Binance now!
Crypto.com Exchange
Established in 2016, Crypto.com Exchange has become a true center for the cryptocurrency industry. It’s an all-purpose cryptocurrency marketplace where you may buy, sell, stake, use NFTs, store value in wallets, and more. They also have a more beginner-centric app/platform which is a great entry point for crypto newcomers.
It has over 10 million customers worldwide and supports up to 150 cryptos. People from at least 90 different nations use the site – famous for sponsoring the World Cup in Qatar. It offers a vast selection of cryptocurrency-related financial services.
Its distinguishing features are competitive prices and a wide selection of accepted currencies. The brand’s structure is also such that it may be used effectively by both inexperienced and seasoned market participants. Nonetheless, there may only be a modest learning curve for most newcomers to get the hang of Crypto.com. You can access it just as easily from a mobile device as a desktop computer.
Want to level up from the app to the exchange? Sign up for Crypto.com Exchange now!
eToro
With over 23 million members in over 100 countries, eToro is a global leader in the cryptocurrency trading and investment space. And Americans can enjoy the US version of the site. Please note that Americans only have access to cryptocurrencies.
With ten global locations, eToro is a multi-asset and social trading firm with global reach. This office represents the United Kingdom, Cyprus, Australia, and Israel. It was originally designed as a platform for foreign exchange trading, but its functionality has been expanded to include cryptocurrencies. Forex, equities, cryptocurrencies, indices, exchange-traded funds, and commodities are all available for trading on eToro. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
This broker offers automated and human-operated social trading on its online trading system. Numerous financial assets are available for traders to monitor and speculate on using the site’s specialized tools and research. Signing up for an eToro account costs nothing. No service or ticketing costs are applied. Purchasing stock costs nothing. Withdrawals cost $5, and foreign currency deposits and withdrawals are subject to prevailing FX rates.
Sound superb? Give eToro a try today!!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Bitfinex
Bitfinex is a virtual currency trading platform that offers superior services to cryptocurrency traders and worldwide liquidity providers. The cryptocurrency exchange is a highly active marketplace for trading major cryptocurrencies, tokens, and alternative cryptocurrencies.
It was established in Hong Kong and maintains its headquarters there; the British Virgin Islands serve its legal jurisdiction. Among the services available include loan and staking crypto assets returns as high as 10% annually. Users can trade digital products with less risk because of the platform’s high-quality liquidity and order books.
The exchange has been serving customers and providing them with a wide variety of coins (180+) since 2012. With a 0.1% per trade limit, the platform’s cheap costs encourage frequent use. Bitfinex allows customers to access cryptocurrencies and is a fantastic choice for skilled crypto traders.
Sound like it’s up your alley? Sign up for Bitfinex now!
Kraken
Kraken is a public cryptocurrency exchange in which you can purchase and sell over 185 coins. The site has amassed over 9 million users since its 2011 inception, making it one of the longest-running Bitcoin exchanges. It is used in more than 190 nations.
It boasts a quarterly trading volume of more than 207 billion USD and is a popular venue for spot trading at current market rates and cryptocurrency futures. Customers can increase their bargaining position by taking advantage of the exchange’s leverage feature. It also offers low spreads, which reduces the overall expense of each deal.
By connecting with financial institutions in Japan and Germany, the exchange earned the confidence of its customer base, giving it an advantage over similar ventures that ultimately failed. It provides high-quality security for a reasonable price.
Users can transact in various currencies, including the US dollar, Japanese Yen, Canadian Dollar, British Pound, Euro, Australian Dollar, and Swiss Franc (CHF). It’s a rare cryptocurrency market that gives traders access to sophisticated options like margin trading in the United States.
Disclaimer: Crypto is extremely volatile and not suitable for everyone to invest in. Never speculate with money that you cannot afford to lose. The information on this site is presented for educational purposes only and should not be construed as investment or financial advice.
