The best platforms to manage cryptocurrencies tracker

With a growing market such as digital currencies, it is necessary to have the best platforms to manage cryptocurrencies to get the most out of it. The fervor of this topic has driven the creation of different alternatives for users. The platforms each have different characteristics, which represent advantages and disadvantages according to their different needs.

Among the most common requests by users are low commission rates, 24-hour technical support, and a larger currency portfolio for transactions. Others offer financial education services, compensation to their subscribers and even opening to different markets.

What are the best platforms for managing cryptocurrencies?

best platforms to manage cryptocurrencies

To choose the best for trading, it is necessary to define our requirements for these systems, study the characteristics they have and specify based on this. Among the best platforms for managing cryptocurrencies are:

Binance

It has one of the largest trading portfolios in the world, operating based on more than 150 cryptocurrencies. Binance is one of the few platforms that has its own currency, which has migrated to multiple services. Highly recommended among users for its low commission percentage and service response. If security is your main concern, Binance has a built-in system called SAFU (Secure Asset Fund for Users) which is essentially insurance for user funds in case of theft. However, one of its lowest points is the complex setup of the 2FA and ID verification system, so keep that in mind.

Pros

• Almost 200 cryptocurrencies are accepted
• Binance Native Coin (BNB)
• Flat trading rates of 0.1%
• SAFU (Secure Asset User Fund)

Cons

• Problems with 2FA
• Problems with identity verification
• Customer service is slow to respond

Coinbase

It is one of the most widespread platforms worldwide, being in more than 100 countries. Coinbase represents one of the best cryptocurrency management platforms today. Its operations range from buying and selling with high security, to integrating cryptocurrencies into business-oriented services.

However, the transaction fees offered by this platform are a little higher than its competitors, charging a 0.5% commission followed by a fee based on the amount being traded. Still, that is the price you pay for using a well-designed user interface and one of the best cryptocurrency trading platforms.

Pros

• Buy Bitcoin directly from Coinbase
• Prices in USD and EUR
• Excellent customer support
• Supports 10 cryptocurrencies

Cons

No mobile app version
2.9% – 3.9% trading commissions

eToro

One of the companies with the best experience in the cryptocurrency market. eToro is a platform that is characterized by its simple handling, aimed at beginners. It has a wallet capable of storing up to 30 types of currencies. Likewise, it has a social trading system, thus improving the relationship of its users. The platform has a website and mobile app, as well as its own dedicated crypto wallet tool with multi-signature authorization for added security for users. This platform provides many options to trade and make money.

Pros

• Created since 2007
• Web and mobile platforms

Cons

• Only 14 crypto currencies supported

Poloniex

It currently has operations in more than 100 types of cryptocurrencies. Poloniex is one of the best platforms for managing cryptocurrencies. It is characterized by various levels of security and commission-free deposits. In addition, it has a service specialized in 24-hour advice and support, which not all of them have. If you are looking for a simple cryptocurrency to cryptocurrency exchange with a large number of trading pairs and assets available, Poloniex is among the best platforms for exchanging cryptocurrencies.

Pros

• Simple interface, excellent UI/UX
• Margin Trading Options and Loans
• Wide range of cryptocurrency assets

Cons

• They should improve the exchange speed

houbi

It is the most important representative of one of the largest markets in the world, Asia. Houbi is a trading platform with the largest number of transactions, with operations in up to 300 types of cryptocurrencies. Apart from its low commission levels, it presents a rewards program for users for loyalty. Like most exchange platforms, Huobi does not charge deposit fees. However, Huobi has minimum withdrawal fees that vary from currency to currency. For example, withdrawing Bitcoin (BTC) costs 0.001 BTC, with a minimum withdrawal amount of 0.01 BTC.

Kraken

Kraken is a platform designed for beginners in the field of trading. Characterized by having a very low commission system. It also allows deposits from very minimal amounts, consolidating itself as one of the best platforms for managing cryptocurrencies since the beginning of our investment. This platform also has an exclusive area for discreet trading, which is another reason why it is so popular. However, the user experience is not the best compared to other exchange platforms and there are some annoying bugs that need to be fixed in the user interface.

Pros

• Quick withdrawals to bank account
• Excellent customer support
• Good reputation
• Available worldwide
• Relatively low transaction fees (0-0.36%)

Cons

• Some bugs and issues with your platform

ForexTV

Considered one of the best in the world. ForexTB is one of the best options for beginners, with a simple interface, while providing financial advice and education to its users. Their transaction commission charging systems are very low, making it an attractive alternative. ForexTB complies with all regulations and best practices required by cryptocurrency exchange platforms. All legal documents, risk warnings and disclosures can be found on the ForexTB website, on the legal page, which is linked from the footer on their official website.

Pros

• No trading commissions
• No commissions for deposits
• Personalized attention 24/7

Cons

• Lack of social commerce
• Withdrawal fees