Thanks to the support from well-known companies and the increasing number of crypto enthusiasts, the cryptocurrency industry has evolved since the birth of Bitcoin. The crypto scams and hacking cases resulted in the continuous loss of investors’ funds. Due to this, crypto traders and investors have wondered which platform they should entrust with their digital assets. Deciding which is the most trustworthy crypto platform is a matter of debate. So whether you are a beginner or an advanced trader who has been a victim of crypto scams, this article is for you. Read on to know the top 10 most reliable platforms on the market.
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1. Coinbase
Coinbase was established in 2012 and has immediately become one of the largest crypto platforms in the market. The platform has attracted many traders and investors due to its outstanding services and unique features. With more than 68 million verified users scattered over 100 countries, there’s no wonder why Coinbase is part of the most well-established crypto trading platforms.
When it comes to the safety of your account, you don’t have to worry about this platform. Aside from its high-end yet user-friendly features, Coinbase is also loved by many for its unique additional security measures – giving traders and investors safety and confidence in storing their assets. The platform offers offline storage, known as its Coinbase Vault, for high-end security.
2. Binance
Binance is another crypto trading platform loved for its excellent services that benefit traders and investors. For crypto enthusiasts who plan on diversifying their crypto portfolio, Binance is ideal because of its 600 altcoins available for trading – not to mention that its diversified system ranks higher compared to others.
Aside from the different available coins, Binance also offers advanced tools and resources to help ease the transaction processes and trading experience of its registered users. However, don’t be intimidated by its advanced and complex features; the platform is beginner-friendly and easy to use. Plus, it offers tutorials and educational resources to help traders continue learning while trading.
3. BitAlpha AI
Using Artificial Intelligence (AI) and Machine Learning, BitAlpha AI analyses the market pattern changes to help its registered traders develop the most effective trading strategies. Given the highly fluctuating nature of cryptocurrency, following a solution or pattern that takes advantage of its volatility can be extremely challenging.
When talking about the security and safety of your digital funds, BitAlpha AI doesn’t disappoint. This platform implements high-end security measures and utilises technology that ensures the funds and personal data of its registered users are kept private at all times. Due to this, traders can have peace of mind knowing that third-party entities don’t have access to their accounts.
4. eToro
With a value of 2.5 billion USD and more than 17 million investors in 100 different countries, this Israel-based company is now one of the largest brokerage companies in the world. This platform is backed by a trusted financial company and provides copy trading services to its investors. It also offers copy trading and portfolio features to help traders learn from successful investors how to grow and manage their assets from successful investors.
To ensure the safety and security of its users, eToro utilises ASIC, CySEC, and FCA regulations. Registered users of this platform are glad to know that their funds are secured in tier 1 banks and all other personal information is safe under SSL encryption. Plus, the eToro Money crypto wallet is one of the safest crypto wallets available. It follows a series of high-level security features to protect against unauthorised access.
5. Kraken
When performing transactions involving a sum amount of money, security should be your number one priority. To practice safety measures and protect the accounts and funds of their users, Kraken provides different security methods, including email confirmations, OneTouch 2FA, SSL encryptions, and many more. This series of advanced security measures guarantee the safety of your crypto funds.
In addition to the high-level security measures it provides, traders and investors prefer this platform because of its low trading fees. To cater for newbie traders, Kraken has a beginner-friendly feature which contains educational content and assists investors in understanding the different cryptocurrency trading strategies.
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6. Robinhood
Robinhood is the perfect trading platform for traders and investors who are always travelling and don’t have access to their desktop computers at home. This platform has the best mobile application where you can check your account wherever you may go, and it does the job for you because of its valuable features in trading.
All Robinhood accounts are well-protected with their two-factor authorisation access. This layer of security is applied to all Robinhood accounts – from new accounts to older ones. The feature helps ensure the platform that it’s you signing in to your Robinhood account.
7. Bisq
Bisq is a well-known platform for its decentralisation, which is why it is the preferred platform of many investors. The platform uses a decentralised system that allows any user to use the platform and can be used by several people. With the system this platform uses, you have sole possession of all the cryptos you earn. You don’t have to worry about other investors taking control as your transactions will remain anonymous.
The decentralised feature of the Bisq platform makes it a secure platform as it does not need to partner with third-party platforms to sell cryptocurrencies. Like all other platforms, Bisq takes security seriously, and the platform does an excellent job of ensuring safe transactions.
8. Coinmama
Coinmama is the most reliable cryptocurrency platform for beginners, and it’s not hard to see why. This platform was established in Slovakia, and since it joined the crypto industry in 2013, it has already gained over 2 million users from 197 countries. The platform is loved for its customer loyalty programs, where its registered users are qualified for certain benefits if they perform the required transactions within 90 days.
When it comes to security, Coinmama is trusted by its registered users. The platform never holds customer cryptocurrency funds or stores transactions on its system. This means that your cryptocurrencies and personal information are unavailable on their site and can’t be hacked.
9. BlockFi
BlockFi is known to be the most secure Bitcoin platform in the market and is one of the leading investors in cryptocurrency firms. This crypto-financial firm was established in 2017, and its digital assets are deposited with the Gemini Trust Company and monitored by the New York State Department of Financial Services. BlockFi is and has raised $50M to expand its cryptocurrency offerings.
BlockFi prioritises the safety of its clients, staff and their system. Crypto enthusiasts trust this platform because managing risk and security isn’t just a plan but the platform’s default operating model and keystone of their culture.
10. Cash App
Investopedia named Cash App one of the best platforms for beginners who want to trade Bitcoin. This platform is the best choice if you are a newbie and want to start with Bitcoin as your first crypto. It offers a variety of withdrawal options to other Bitcoin wallets and is extremely easy to use. The platform utilises a peer-to-peer transfer system and allows practical applications such as paying for food, rent bills and shopping online.
Cash App uses cutting-edge encryption and fraud detection technology to keep its users’ data and funds secure. Any information you submit is safely sent to their servers, whether you use a public or private connection or data service.
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Conclusion
When starting your trading or investing career, choosing a reliable cryptocurrency trading platform is at the top of the list of the things you need to do. With the increasing number of scams in the crypto world, it’s reasonable to take additional steps to ensure you end up with a trustworthy platform. The list above are some of the top platforms for the security and safety of your crypto account and funds, so make sure to check them out!