Get the best crypto interest rates
The following is a list of the top 5 exchanges that offer the best crypto interest rates. Some people have been interested in investing in cryptocurrency but have yet to take the plunge. This review should help you make an informed decision when it comes to choosing what exchange to use for your crypto invetments.
Some other things to take into consideration when deciding where to invest are availability, ease of use, and interest rates. These are all factors I will cover here in this review.
First off, you should consider what kind of cryptocurrencies you want to trade with before anything else. Some of the top cryptocurrencies today include Bitcoin, Ethereum, Monero, Litecoin, and Ripple (XRP) among others. You will want to make sure the exchange you are investing in offers options that work with these digital currencies.
Bitcoin is still by far the most popular cryptocurrency but also by far the most volatile and also by far the most expensive. I believe this is why there are so many new cryptocurrencies that have been created in order to appeal to a wider market. If you are looking for low volatility and easy access then Ripple can be a great option.
Top 5 Exchanges That Offer The Best Crypto Interest Rates
Exchange: Coinbase
Ways To Invest: Coinbase is a very well-known exchange that allows you to buy, sell, and store cryptocurrency in the exchange’s wallets. You can also link your bank account to Coinbase so that your transfers are instant. What I really like about this exchange is the ease of buying and selling your coins. You don’t have to worry about transferring between wallets which can take forever as with some other exchanges. You simply deposit money into your account and use it to trade crypto for crypto or fiat currency for crypto (USD, EUR, GBP).
​Coinbase Fees: ​Coinbase has one of the lowest fees I have ever seen at 1.49% per purchase on average.
Exchange: Binance
Ways To Invest: Binance is one of the newer exchanges on this list but they offer many different altcoins to trade. The site is very easy to use and I love its security features. Another huge factor that makes this exchange a good choice is that you can buy and sell your coins right through their website which can be more convenient than having to get on a desktop or mobile app. It’s also free to sign up with them so no fee is added to any of your trades as well.
Binance Fees: ​No fee for deposits or withdrawals.
Exchange: Gemini
Ways To Invest: Gemini is also a very well-known exchange that is based in New Jersey and allows you to trade with other cryptocurrencies as well as USD and BTC. The site has pretty decent security features as well which means they should be able to safeguard your assets while they are online. Another positive is that the selection of coins offered by them is pretty diverse. These coins change quite often so if you are looking for a certain coin then you should check back to see if there have been any updates or news about the new coins trading on their exchange.
​Gemini Fees: Nothing added to your trades! ​Gemini requires a 0.25% fee for all withdrawals.
Exchange: Kraken
Ways To Invest: Kraken is one of the oldest exchanges on this list and has been around for a long time. It offers fiat currency transfers in USD, EUR, GBP and CHF which you can use to buy crypto with or sell some coins for fiat currency if you wish. Customers are satisfied with this exchange because they feel there are no hidden fees that they have to make up with other sites. The security is also very good here as well since they utilize both 2-factor authentication and multi-factor authentication to protect your funds as you trade.
​Kraken Fees: 0% Trading Fees
Exchange: Coinsquare
Ways To Invest: CoinSquare is a Canadian-based exchange that allows you to buy Bitcoin, Ethereum and Litecoin with your Canadian dollars. As far as fees go it’s very simple, you pay no fees for purchasing, withdrawing or transferring and that includes all of the connections you need to send money. The security is also pretty good as well because they offer multi-factor authentication (2FA) and a cold-style storage wallet which keeps assets offline in order to keep them secure when they are not in use.
​Coinsquare Fees: 0% Trading Fees
Conclusion -Top 5 Exchanges that offer the best crypto interest rates
Hopefully, this list helps you in choosing the best exchange for you. While not every exchange has a good reputation or outdated security features I feel that it’s still important to use a combination of research, convenience, and security when deciding on where to invest your money.
If there are other exchanges you would like us to review please feel free to leave your comments below. I would be more than happy to take them into consideration as we continue to review and publish our findings. I look forward to reading your comments and experiences!
