London, UK, 2nd Oct 2021, ZEXPRWIRE – Financialcentre broker, Joe Delaney says with such a short track record and vulnerability to volatility, experts recommend not investing more than 5% into cryptocurrencies. They say that it’s smart for investors to stick with Bitcoin or Ethereum which are available on most exchanges we recommend because there’s less risk involved in these two coins while still having the potential for profit if prices go up over time!
But if you can’t contain yourself, here are our picks for the top crypto exchanges of September 2021.
Coinbase is one of the most commonly used exchanges with a reputation for being safe and secure for trading Bitcoin, Ethereum, Litecoin and Bitcoin Cash. It’s US based but operates globally accessible to users in over 30 countries although it does require users to verify their identity before they use the platform.
One possible reason for this verification process is that Coinbase was recently mandated by regulatory authorities in New York (the company’s home state) to give all customer records over to them including user names, address history and account activity along with credit card numbers and bank account information – yikes! To prove this was not created out of fear of potential liability, Coinbase recently jumped through a few hoops to secure a lucrative arrangement with the SEC as well as offering their Multisig vault which is now available for anyone who wants to take advantage of it.
Moving forward, it’s important not to look at what happened in the past as a way to predict future because things have changed so much since 2016! After all, companies like Coinbase now find themselves under the microscope as they’ve become more than just a multi-million dollar business but now an integral part of the financial landscape for investors and traders alike. The moral of the story: it’s never too late to start over and set things straight after making a mistake – we’re looking at you Ethereum team!
But enough said about that, let’s get back to our recommendations for the best crypto exchanges of September 2021:
Coinbase is one of three cryptocurrency trading platforms available on Android devices with their app available for download from both the Google Play Store and Apple App Store. It does require users to give them access to your device’s camera (to scan QR codes) and location services to offer up their service.
They are also required to verify identity before being able to use this app which must be done through the website itself rather than through the app. By doing so, it means that you’re not sharing your personal details directly with Coinbase but instead have everything processed on their site which is considered more secure by most standards. To sign in, users will need a name along with either an email address or phone number, password and security pin via the Google Authenticator system – two-factor verification is another useful security feature they provide for customers using their platform. Unfortunately, unlike other exchanges we review here today, this one does not provide any additional tools or features to help users keep track of what prices are available throughout the range of coins they offer on their platform.
That’s right, there are no additional features… Well, not exactly correct but Coinbase does provide a decent amount of charts and statistics to make it easy for users to keep track of their investments at least. They also allow users to buy (margin trading is coming soon) and/or sell cryptocurrency using either fiat or cryptocurrencies which can then be stored in your online ‘wallet’ on the exchange itself.
A warning though:
Only ever use the wallets provided by exchanges like these if you’re planning on holding digital currencies long-term because when you purchase any kind of cryptocurrency through them, they are essentially acting as a third party between you and the coin issuer themselves. That means that every time you want to transfer coins using this wallet, it will usually cost you some sort of fee – just use your own personal wallets that are more secure and not tied to any exchange.
To sum things up:
Coinbase is quite clearly an entry-level platform for beginners who are looking to start trading cryptocurrencies with fiat currencies. They’ve had plenty of time to perfect their process over the last five years so there’s no doubt they’ll continue to be at the forefront of digital exchanges for many years to come. However, if you’re still not sold on them despite reading our review then why not check out coincheck which offers similar features but is available in Japanese (meaning that you can trade directly from your phone or tablet).
CoinCheck has recently made waves in the crypto currency community after announcing plans to offer margin trading. This means that it will be possible to trade coins with leverage on their platform which has caused a lot of excitement in the markets. However, before you get too excited – there is a downside to this which is important to mention so stay tuned!
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.