Are you wondering how to buy and trade cryptocurrencies, but don’t want to spend a chunk of change doing so? You will find this comparison of the best free crypto trading platform available to be a helpful resource.
In this comparison review, we will evaluate the features that are important to traders, including the ability to access the charts, the pros and cons of the best-automated crypto trading platform, and the best day trading crypto platform.
Many times new traders find automated crypto trading platforms or even automated alert systems best for emotion-free learning. As such, we will give you the low down on the best day trading crypto platform whether you looking for fully manual trading or fully automated crypto trading.
It’s also worth noting that there is no true “best” strategy when it comes to cryptocurrency trading. You simply must take our evaluation and applyyouru own preferences and goals to find the best trading platform for crypto.
What is the best FREE Crypto trading platform?
The trading platform is not only a place for trade execution, but it is also the backbone of a trading strategy. If you are doing manual trades and placing orders, it helps to have an intuitive interface that gives you access to the charts, analyzes market sentiment, and can create alerts.
The best free crypto trading platforms allow traders to select a marketplace or an index and place an order while they are checking what’s going on in the charts. Whether you are trading long-term or looking for the best day trading crypto platform, these are the features you will want.
The charting capabilities of many of these platforms are sufficient for most traders looking for fundamental analysis. Backtesting is available for those who want to optimize their strategies using historical data.
The price action data is usually presented in a way that is relatively intuitive and can be analyzed quickly. The most common price chart will be a standard candlestick chart. Your chosen platform should allow you to see various time frames from 1 minute up to 1 year.
The most important factors when evaluating the best crypto trading platform are the tools available, the trading limitations, and the security features. Popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are often traded on these platforms. Additionally, your chosen exchange platform should have accessibility to a wide variety of popular altcoins. While some platforms provide features that have been introduced by market leaders (such as Coinbase), other sites offer tools or technology that have not yet been integrated into major exchanges (such as Binance).
Choosing the Best Free Crypto Trading Platform
In this article, we’ll show you the top cryptocurrency trading platforms on the market and detail their specific features. Blockchain technology has paved the way for cryptocurrencies like Bitcoin, Ethereum, and many others to become more mainstream than ever before. As a result of this huge growth in popularity, more traders are now looking to profit from crypto markets.
The idea of trading cryptocurrency can be a bit overwhelming for beginners. There are so many exchanges, which offer different features and functionality. In this article, we’ll walk you through the top cryptocurrency trading platforms on the market and detail their specific features. This way, you can choose the most suitable one for your needs.
Platform Requirements :
The platform should of course allow users to obtain cryptocurrency without a monthly fee. You should be able to trade the following cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, and Monero.
The platform should of course allow users to obtain cryptocurrency for free. You should be able to trade the following cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, and Monero.
List of the Best Day Trading Crypto Platforms:
Coinbase is one of the most popular Ethereum, Bitcoin, and Litecoin exchanges. It also happens to be my favorite and best-rated free crypto trading platform. Whether you’re looking for the best day trading crypto platform or your trade plan is more of a buy-and-hold, Coinbase would be my recommendation! It allows users to trade a variety of cryptocurrencies including Ether (ETH), Bitcoin (BTC), and Litecoin (LTC). As well as offering an extensive list of Altcoin options. This platform was launched in 2012 and is based out of San Francisco.
Coinbase provides insured wallets for their users to store their altcoins. In addition, they offer insurance against data breaches or hackers. The fiat currency that is stored in your account is kept in an FDIC insured bank to give you the maximum security and peace of mind. I like Coinbase’s commitment to security.
The account setup and user interface are very user-friendly and intuitive. The Coinbase Pro option gives traders advanced features and charting options such as indicators and chart views. The Coinbase Pro option is an ideal tool for experienced traders who wish to trade manually or semi-manually.
- Very high liquidity
- Simple, easy user interface
- Wide Variety of popular altcoins
- Cutting edge security
- Slightly Higher Fees than some other Exchanges.
Binance is one of the world’s largest crypto exchanges that allows users to trade a variety of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Neo (NEO). The platform was launched in 2017 and is based out of China. Margin trading on Binance is limited to up to 3X the average of your balance or $1,000,000 – whichever is lower. This gives traders the freedom to leverage their positions without getting into extreme risk.
Trading methods on this platform include 1:1 and all-in-one orders for different pairs. In addition, Binance has a private trading platform for institutional investors called IDEX (Institutional Digital Asset Exchange).
The Binance platform allows you to deposit using one of twelve different fiat currencies. As with Coinbase without additional software, it is primarily good for manual trading.
- Advanced charting capabilities
- An extensive list of trading pairs and cryptocurrencies
- Lower fees that some other popular exchanges
- Generous leverage allowances
- Designed for more advanced traders
- Difficult to communicate with customer service
- Not all nations are supported
Gemini Exchange is a cryptocurrency exchange that allows users to trade Bitcoin, Ether, Litecoin, and USDT. The exchange’s platform is reliable and secure and offers a variety of trading options. Overall, Gemini Exchange is one of the premier exchanges for trading cryptocurrencies.
Gemini supports instant liquidity so that you can easily buy and sell cryptocurrencies without having to wait for a confirmation. The exchange also offers a variety of security measures to protect your account and trade data. Overall, Gemini Exchange offers a reliable and secure platform.
Gemini proudly offers a model app called Active Trader. This app ranks near the top among the best day trading crypto platforms. Their app allows you to track your favorite coins and trade them conveniently from any location.
Overall, the Gemini Exchange is one of the premier exchanges for trading cryptocurrencies and the Active Trader interface is sure to make your trading enjoyable.
- A User Friendly interface that is adored by both beginners and advanced traders alike
- They have no deposit fees!
- Registration can be slow and cumbersome due to verification requirements
- Available only in a few countries
Bittrex’s proprietary platform offers an impressive list of altcoins. Using the Bittrex platform you find all the standard trading interface features such as stop-loss, instant buy/sell orders GTC (good till canceled), and more. Additionally, you will find all the standard technical analysis tools a trader expects with a trading platform. Users have given the exchange’s interface rave reviews for its speed and clutch-free operation.
The biggest disappointment with Bittrex is its customer support. Reviews of Bittrex’s response time are dismal. Most account applications go through seamlessly but can take some time to get approved. Additionally, if there is an issue or question about your ID during the application process expect approval to be quite time-consuming.
- Industry leading security
- Fast user friendly interface
- Customer support is lacking
The Best Automated Crypto Trading Platform
One of the beauties of the tech age in which we live is that software can perform predefined tasks for us. We are in fact in the robot age! I am sure you have heard of software that can trade for you either on autopilot or with very little input. The question always is, will an automated crypto trading platform perform consistently, and will the creators of the software support their product?
Over the years many gurus have risen and sold their trading bots with the promise of dramatic returns while you sleep. Before we get too far into this let me state a WARNING! Beware of any software offerings that are startups or do not have a history of support for their product! Fortunately for you, we have tested many and currently there is only one best-automated crypto trading platform that we will recommend.
Many years ago in 2009, I purchased the original release of Fap Turbo. At that point, the software was used to trade the Forex markets. Over the years Fap Turbo has evolved but remained constantly profitable. Then as crypto began being a thing of interest to investors the creators of Fap Turbo added the ability to use their famous robot to trade crypto.
Fap Turbo has a huge community of users and a robust corporate support team. When you purchase a Fapturbo membership you are getting a system that is used every day by the creatures and supporters of the software.
Many times the creators of automated crypto trading platforms are not real traders and are looking for a way to make a fast buck selling a software package. If you are considering a automated crypto trading platform make sure it has both a solid history of support and live trading that can be proven and observed.
Choosing a cryptocurrency trading platform is like somewhat like choosing a broker. The main factors that traders think about when selecting a site are the tools it offers, such as charting, automated trading, and security features. Sites that support multiple cryptocurrencies and support multiple fiat currencies are strongly preferred, as they offer more opportunities to diversify your portfolio across several different types of currencies.
The best platforms will have:
- A high-leverage (margin) trading option
- An API that allows traders to exchange cryptocurrency data with other apps or websites (like Automated Trading Apps)
- Low Transaction Fees – clearly not all platforms are free though
- A well-designed website that is easy to use
- An active community forum where traders can get help or discuss strategies.