The Best Crypto Platform (Top 5 Reviewed)

Cryptocurrencies are all the rage right now, and for good reason. They offer a new way of handling money that is secure, anonymous, and fast. If you’re looking to get into the cryptocurrency game, you’ll need a platform to do so. I’ll review 5 of the best crypto platforms out there today so be sure and stay until the end to find out which one is best!

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Okay ,let’s kick this off by starting with one of the most popular platforms.

1. Coinbase

What is Coinbase?

Coinbase is one of the first and most popular crypto platforms out there. It was founded in 2012 and is publicly traded on the Nasdaq. With over 56 million account holders, Coinbase leads the way due to its incredibly simple user interface. Individuals can create an account and start trading in just a few minutes.

Coinbase is designed for beginners and has a user-friendly (including mobile) platform that makes it easy to buy and sell cryptocurrencies.

What is Coinbase Pro?

Coinbase Pro is a version of Coinbase that was created for advanced users. With Coinbase Pro, account holders will have additional access to advanced charting and order types (Market, Limit, and Stop orders).

Is Coinbase Secure and Safe?

The security on Coinbase is also top-notch. They use two-factor authentication and have a host of other security features in place to protect your money. Because cryptocurrency is not regulated by an exchange, and therefore not FDIC or SIPC insured, many worry about the security of crypto platforms.

On Coinbase, you can also store your cryptocurrency after purchase. However, if you want to have greater control over your crypto, you can also store it in another wallet. Think of it like the relationship between a bank and a physical wallet. The bank can store your money for you, or you can store it on your own using a wallet or safe.

A cold wallet which is a storage device that is not connected to the internet. Coinbase wallet is not a cold wallet, but it is safer than storing crypto within the regular Coinbase platform. This is because you get to control your own private keys on your own device.

With Coinbase Wallet, the private keys, which prove ownership, are stored directly on your device and not within a centralized exchange like Coinbase.com. This can offer investors an extra layer of protection. The Coinbase wallet is a completely free to use separate app that can be downloaded.

Does Coinbase have downsides?

Coinbase does come with some downsides. For one, it’s not available in all countries. And, it also has fairly high fees when compared to some of the other platforms out there. The fees on Coinbase can be as high as 4% on top of the currency you’re buying. So, if you’re purchasing a large amount of crypto, it can add up quickly.

2. eToro

What is eToro?

eToro is a social trading platform that was founded in 2006. eToro is now used by over 20 million traders around the world. It allows users to trade in a host of different assets, including stocks, commodities, ETFs, and cryptos.

What is the eToro Wallet?

The eToro Wallet is a mobile app that allows you to store, trade, and send cryptocurrencies.

What cryptos does the eToro Wallet support?

The eToro wallet currently supports Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and XRP.

Is the eToro Wallet safe and secure?

The eToro wallet is considered to be one of the most secure wallets available. eToro stores 98% of users funds in offline cold storage and uses multiple layers of security, including 2-factor authentication and a host of anti-hack measures.

What Cryptos can you trade with eToro?

eToro has a large selection of crypto markets that you can trade with ease. This includes major crypto assets like Bitcoin, Ethereum, Ripple, and Litecoin – as well as a selection of Defi coins. The latter covers Uniswap, Yearn. Finance, Chainlink, Decentraland, and more. This means you can easily buy established cryptos as well as the new cryptocurrencies poised to explode. When it comes to minimums, you can buy and sell cryptocurrencies at eToro forjust $25 per trade.

What are eToro’s crypto trading fees?

In terms of fees, eToro is pretty competitive. eToro’s Crypto pricing model adds 1% to the opening or closing trade plus the difference between the bid and ask price.

3. Crypto.com

What is Crypto.com?

Launched in 2016, Crypto.com has established itself as one of the leading global crypto exchanges. It’s now available in 90 countries worldwide, and it supports over 250 cryptocurrencies.

What is Crypto.com’s best feature?

Crypto.com’s best feature is its mobile app. Many crypto exchange mobile apps provide a watered-down version of their web-based platform. Crypto.com built an app that offers a wide range of products and features so users can benefit from this exchange’s ecosystem on the go. Using the Mobile app users can buy, sell, trade, and earn interest on their crypto, as well as pay with crypto.

Is Crypto.com Secure?

Crypto.com’s security is one of the best because of its multiple layers of protection against crypto fraud and cyberattacks. Most reputable crypto exchanges feature a solid cybersecurity infrastructure. However, Crypto.com stands out. The exchange is ranked first in the Cybersecurity Ranking and Certification Platform’s top 100 exchanges by cybersecurity rating.

Crypto.com employs various techniques to keep users’ cryptos secure on its trading platform, including offline cold storage for all crypto, a regulated custodian bank account for traditional currency, and regular software peer-review. It also uses multi-factor identification with a password, biometric, email, phone, and authenticator verification.

In addition, its platform has completed several penetration tests, which are simulated cyberattacks performed to evaluate system security, and has shown proof of its funds over the years.

But security isn’t Crypto.com’s only attraction. The exchange offers the largest selection of currencies among all the companies on our list — over 250 coins.

Other noteworthy features are its non-custodial DeFi wallet — which allows users to send crypto at their preferred speed and earn interest on tokens, margin trading, prepaid visa cards to spend crypto, and crypto loans.

4. BlockFi

What is BlockFi?

BlockFi is a cryptocurrency platform that allows members to buy and sell coins, earn interest on their holdings, and receive crypto-backed loans. Many investors like BlockFi for its simple platform and high-interest rates.

What is BlockFi’s Key Feature?

The BlockFi Interest Account is a top feature for BlockFi. Many cryptocurrency platforms do not offer any type of interest on holdings. And others require holdings to be “staked,” which means locking the coins in the platform for a specified period.

With BlockFi, interest begins accruing immediately after trades and is paid out monthly. For example, if you deposit 1 BTC on December 1st and convert BTC to ETH on the 15th you will earn ~14 days worth of BTC interest and ~16 days worth of ETH interest when you receive your interest payment on Jan 1!

Each coin earns a different rate. The company boasts earnings of up to 8.6% APR, but it depends on which coins you are holding. (BlockFi Interest account is available throughout all states in the US except New York.)

Is BlockFi secure to use?

BlockFi seeks to ensure high security for its members. However, it is important to remember that cryptocurrency is not regulated by a central authority. This means that funds do not have the same insurance that banks and other brokerages offer.

Funds held in BlockFi are not SIPC or FDIC insured.

BlockFi has zero trading fees so investors can also save more of their hard-earned money and ensure their total investment is being used. However, the platform does have withdrawal fees, though if members plan and do not exceed 2 withdrawals a month, they can completely avoid any fees in the platform. Investors can also watch their investments earn more with interest that is paid out monthly. This can help generate passive income.

With features such as high-interest earnings and a crypto-backed loan, BlockFi was created to give investors a place to earn more without sacrificing flexibility.

5. Tastyworks

Tastyworks is a unique platform that focuses exclusively on options trading. It offers a wide variety of cryptocurrencies to trade, as well as margin trading and shorting. If you’re looking to combine options trading with crypto, Tastyworks is the platform for you.

What are the fees to trade Crypto with TastyWorks?

Tastyworks crypto trading fees are one of the best in the industry. It is 1% of the total purchase to open and 1% of the total crypto sale to close. However, the commission is capped at $10 for any transaction or order ticket. This is a huge benefit for large orders since the max is just $10!

Does TastyWorks partner with anyone for Crypto?

Yes, Tastyworks announced a partnership with Zero Hash in 2020 to allow its clients to seamlessly trade cryptocurrencies on the Tastyworks platform.

Is the Tastworks Crypto Trading Platform easy to use?

The Tastyworks trade platform is very easy to use both on the desktop and mobile platforms. You toggle and easily set up to see the coins that you would like to trade and where they are at any specific time. It is super easy to buy the BTC, Etherium, Litecoin, etc. in dollar amount increments. By hitting REVIEW (see below) and then SEND you can execute a trade with just 2 simple clicks.

Conclusion

Each of the 5 platforms offers unique benefits and features, making it important to choose the one that best suits your individual needs.

Coinbase is best if you want a simple, user-friendly platform with a wide variety of coins. BlockFi offers high-interest earnings and a crypto-backed loan. Crypto.com is great if you are going to do most of your trading on the mobile app. Tastyworks is perfect for options traders looking to combine options trading with cryptocurrencies.

Check out all of the options trading information available at optionsfinanceprofits.com.

Let me know which platform you are using and why in the comments!