The cryptocurrency trading scene has dramatically changed over the last year, largely by the influx of brand new traders, as well as existing traders from traditional asset markets, and the mass amounts of institutional investment we are now seeing entering the crypto markets.
More and more people wish to trade Bitcoin and capitalize on its rise as it is finally becoming recognized as more than a phase, but a formidable and legitimate currency that is proving to be a force to be reckoned with.
Evidently, with initiatives such as Bakkt and various Bitcoin ETFs now being orchestrated, which will provide a fully regulated and streamlined vehicle for institutional investors to pour billions of dollars into crypto-assets.
With this shift in the industry’s dynamics, the best places to trade Bitcoin are changing as numerous exchanges have evolved, while others remain in the past with limited trading possibilities in comparison to their advancing counterparts.
Which are the Best Platforms to Trade Bitcoin as we move into 2020?
1.
PrimeXBT is leaps and bounds ahead of the pack, by offering:
- Margin trading with the crypto industry’s highest leverage of up to 100x to all available crypto-assets
- Access to 35+ of the world’s most popular traditional financial instruments in forex, commodities, and stock indices - for instance, NASDAQ, Spot Gold/Silver, and EURUSD.
- A soon to launch fund management feature - applicable to all assets and advanced strategy features which will allow for co-investing by creating or joining pro traders funds.
- Advanced charting technology with hundreds of TA indicators and tools.
- Powerful trading engine - state-of-the-art technological infrastructure, fast, and reliable - even under extreme volume loads.
- A mobile app for both iOS and Android devices - with all of the exact same features and functionality.
The 9 major crypto-asset pairs available include BTC, ETH, XRP, LTC, EOS which can be traded against both BTC and USD as the quote currency - making it one of the very best places to trade Bitcoin.
2.
Binance is consistently introducing new and exciting avenues to trade Bitcoin, in an effort to maintain its relevance as a major player in accordance with the crypto market’s maturation. These include:
- The recent launch of the Binance DEX (decentralized exchange).
- A new margin trading module with 3x leverage on 17 selected asset-pairs - while modest it is a step in the right direction.
- A UI upgrade which provides both a basic and advanced screen option.
- A soon to launch US regulated exchange.
- The native BNB token, which can be speculatively traded and also used within the platform to reduce fees.
3.
Kraken is another interesting cryptocurrency exchange that is a step ahead of most, with such features as:
- Margin trading with up to 5x leverage on 8 major crypto pairs, these include, BTC, ETH, USDT, XMR, ETC, REP, XRP, and BCH.
- The possibility to trade against crypto against fiat currencies like USD, EUR, CAD, JPY, and GPD - as well as against BTC and ETH.
- Cryptocurrency indices
- Futures trading with up to 50x leverage on 6 major crypto-asset pairs.
- OTC (over-the-counter) trading for institutions and high net-worth individuals.
Kraken was one of the first crypto trading platforms to introduce margin Bitcoin trading and maintains a place as one of the most progressive providers in the industry, not far behind PrimeXBT and Binance for its innovation.
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All three of these mentioned leading Bitcoin trading platforms, additionally offer some of the lowest fees, with Kraken taking only 0.16%, Binance incurs only 0.1%, and PrimeXBT goes further again, taking only 0.05% on all trades and assets.
It’s an exciting time to be a trader, as traditional and digital asset markets merge and form unprecedented opportunities to profit as Bitcoin expectedly soars in 2020.