Going into 2020 there are now a wealth of different options for trading Bitcoin and other cryptos. I’ve gone through and tested a bunch of different platforms and these are my favourites.
Note — these are all trading platforms. They are designed for profiting off the market movements of cryptos. If you’re just looking to buy and invest in Bitcoin, then these are not for you. You can find out more about Bitcoin investment options here.
Binance — The most popular exchange by volume. I was never a huge fan of Binance because I felt their trading platform was poorly designed. However Binance introduced a new design in 2019 and have also introduced margin trading.
PrimeXBT — A relatively new exchange. They have a very well designed platform and offer leverage of upto 1:100. They also have no KYC so if you’re concerned about the privacy implications uploading personal docs to trading sites, then this could be an option for you.
SimpleFX — Like PrimeXBT its a newer player. You can trade Bitcoin as well as Stocks, Forex and Commodities. They have a decent web trading interface but you can also trade using the MT4/5 Desktop software. If you’re a forex trader you’ve probably used it before so this will be very familiar.
CoinbasePro — Coinbase is a trusted name in the crypto space. Many people don’t even realise that their Pro product exists. It’s a seperate platform designed for trading. It has low fees especially if you trade with USDC — the stablecoin backed by Coinbase.
Kucoin — I’m a fan of KCS, Kucoin’s exchange token. Kucoin distributes dividends to token holders and you also receive discounts on fees for holding the token.
There are many other platforms out there, but these are the ones I use on a regular basis.