Experts have repeatedly stated that cryptocurrencies are the future of finance and that bitcoin may even displace the US dollar from the position of the world’s main reserve currency. Every year, more and more businesses and merchants around the world are accepting cryptocurrency payments for goods and services. Let’s talk about the best crypto platforms.
1. Binance
The exchange was founded in 2017 by businessman Changpeng Zhao. The platform specializes in trading altcoins, offering around 600 different trading pairs, including fiat currencies. In the same year, the BNB cryptocurrency was launched. It can be used to pay trading fees on Binance, buy other cryptocurrencies, and pay in-store payments.
The crypto platform also has its own Binance USD (BUSD) stablecoin. It is pegged to the US dollar and has been approved by the NYS Department of Financial Services. BUSD is available for direct buying and selling at the rate of 1 BUSD – $
At the time of publication of the article, transactions worth $ 21 billion had been completed through the exchange in the past 24 hours.
In 2019, the Binance platform insured user funds with the US Federal Deposit Insurance Corporation. The maximum reimbursement amount is $ 250,000.
As of June 2020, payment for cryptocurrencies on the Binance Exchange using Visa credit and debit cards has become available in more than 180 countries around the world, including Ukraine – at the start of the year. last year, the crypto platform opened an account with Ukrainian bank IBOX. Bank.
In April 2020, the company launched the Binance Visa debit card. With its help, users can pay in cryptocurrency at more than 60 million points around the world, where Visa cards are accepted. The Swipe-based Binance card (this startup provides users with access to a cryptocurrency wallet and Visa debit cards with automatic conversion of cryptocurrencies to fiat currency) works like a regular payment card, preferably in fiat currency, digital assets such as BTC, BNB, SXP, including BUSD. The card is linked to the Card Wallet in your Binance account, which can be funded from a spot wallet.
2. Coinbase
The US exchange Coinbase tops many reviews of the world’s most popular crypto platforms. It is one of the first platforms for buying, selling and storing cryptocurrencies. It appeared in 2012, three years after the launch of the Bitcoin network. Currently, the service operates in 102 countries around the world (Ukraine, unfortunately, is not included in this list) and offers over 40 trading pairs for purchase (availability depends on region).
At the same time, some cryptocurrencies, for example Golem (GNT) and Loom, are only available through Coinbase Pro, a trading platform for advanced traders where you can find Let’s trade cryptocurrency.
According to official figures for 2021:
- the trading volume on Coinbase was $ 320 billion;
- Coinbase also has its own stablecoin, Coinbase USD Coin, fully backed by the USD and developed by the Consortium Center;
- Coinbase customers with USD registrations can change 1 USDC for 1 $ in USDC compatible zones.
3. Global Huobi
Huobi is one of the most popular professions in the company. The Huobi exchange has been selling cryptocurrency since 2013 and its trading volume, according to data from CoinMarketCap, has exceeded $ 9 billion in the past 24 hours. The site’s founders are Chinese entrepreneurs Du Jun and Leon Li, whose goal is to develop and integrate blockchain technology into other sectors of the economy.
In 2018, Huobi went public and is listed on the Hong Kong Stock Exchange. In the same year, the exchange launched its own cryptocurrency, Huobi Token, based on Ethereum.
You may also like: Tips for trading bitcoin and altcoins
The post Best Cryptocurrency Platforms in 2021-2030 first appeared on Gud Story.