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Metaverse Exchange’s New 2.0 Crypto Trading Platform Will Be Officially Launched In Mid December

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Best Crypto Exchanges Services

Although cryptocurrency has exploded in popularity in recent years, only a small percentage of Americans have traded it. Among the most popular cryptos are Bitcoin, Ethereum, and Cardano, each of which has seen a lot of activity as prices rise and fall. Call for traders? This is an opportunity to make serious money from the volatility of highly speculative assets.

Increasingly, traders have more ways to access cryptocurrencies. New exchanges and trading platforms have started in response to the interest in crypto. You may already have an app on your phone that allows you to shop. For example, if you have PayPal or Venmo apps, you can buy and sell at least a few different cryptocurrencies. But other apps and exchanges give you a wider selection of cryptocurrencies — there are thousands of them — or offer other benefits like lower fees.

Below are the best apps and exchanges for crypto trading and the most important things you need to know.

The following platforms include specialized crypto exchanges, online brokers, and cash and payment apps. To get an idea of ​​the purpose of each app or exchange, we’ve listed the prices as well as how many coins you can trade.

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If you are only interested in trading the largest cryptocurrency, Bitcoin, it may not make sense to choose an app that offers you dozens of other currencies. On the other hand, if you want to trade something that’s currently popular, check out an app or exchange with more variety.

Binance.US, the American branch of the giant organization Binance, is one of the best cryptocurrency exchanges due to its low transaction fees. Bitcoin traders can trade commission-free, while other currencies have sliding scale pricing for high-volume traders. Additionally, if you use Binance’s own currency, BNB, to pay trading fees, you will receive a 5% discount.

You can also trade over 150 different cryptocurrencies on Binance, so you shouldn’t have any trouble finding what you’re looking for, especially if you only want to trade the most popular coins.

The SEC sued Binance in June 2023, accusing it of illegally operating as an exchange, broker-dealer, and clearing agency and offering and selling unregistered securities. The lawsuit also accused Binance and founder Changpeng Zhao of misappropriating customer funds. While SEC Chairman Gary Gensler warned against using Binance’s platforms, Binance said clients’ assets are safe.

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In November 2023, Binance and Zhao pleaded guilty to federal charges and agreed to pay $4.3 billion in fines. Zhao also agreed to step down as CEO of Binance. The SEC case is still pending.

Coinbase is a specialized cryptocurrency exchange that allows you to trade a number of digital currencies, at least hundreds. This range will probably scratch your crypto itch as it covers most of the top coins including Bitcoin of course. But what do you pay to use the basic service? Unfortunately, Coinbase has become more cautious about what you pay for trades, and recently the payment structure on its site has become unclear.

On the face of it, the fee structure was complicated to say the least. You will pay an additional fee of around 0.5 percent depending on the size of the transaction and the source of funding. For Coinbase Advanced Trade, you pay fees starting at 0.6 percent for 30 days.

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