The second half of 2020 was a great year to invest in cryptocurrencies. If you had bought bitcoin in July or August, you would have seen astronomical returns of more than 700% of your initial investment in January 2021. While this is extremely enticing, one of the most important rules of investment says, “Never invest in something you don’t completely understand.” Consequently, if you didn’t understand what cryptocurrencies were before last year, it might not have been a wise call to invest in them.
Now, though, is your chance to discover everything you can about the digital asset and why you should get involved with cryptocurrencies before the next bull run.
Why Get Involved In Cryptocurrency?
Cryptocurrency can make you a billionaire if you understand it well enough. It might replace your day job and give you that freedom you’ve always wanted.
It is understandable that a majority of the trading population starts as skeptics, and naturally, if you’re new to the world of digital currency investments, you might find it a bit challenging to embrace the unfamiliar system.
But even if you don’t buy into all the lofty dreams and testimonies of how cryptocurrencies have made people millionaires, it might help to know that the decentralized nature of cryptocurrencies allows you to be in full control of your assets without the need to trust the parties you’re running transactions with. This means safer and more secure transactions anywhere you go.
Are cryptocurrencies worth your time and money? Ultimately, it remains up to you to decide.
Who Is Binance US?
Binance US is a full-service cryptocurrency exchange and trading platform. Since its launch in San Francisco in 2019, Binance US has established itself as one of the world’s largest crypto exchange platforms. Judging by trading volumes, Binance US classes among the world’s top 10 cryptocurrency trading platforms.
Binance US is a branch from the initial Binance mother arm created by Changpeng Zhao in China in 2017. Initially, Binance started in China but has since then expanded its operation to several regions of the globe, including the United States.
Binance US offers more than 60 plus cryptocurrency pairs that can be exchanged at lightning speed. It also features one of the lowest trading fees offered by cryptocurrency exchange platforms in the United States. Binance US fulfills its duty to serve cryptocurrency traders and peer-to-peer traders perfectly.
Who Is Crypto.com?
Crypto.com is a cryptocurrency platform that enables cryptocurrency traders to buy, sell, or exchange cryptocurrencies within a secure space. Crypto.com also serves as a secure store for digital currencies and assets. Crypto.com makes the daily exchange of cryptocurrencies easier than you could possibly imagine.
With just the tap of a few buttons on Crypto.com, you can perform low-cost transactions and earn loads of interest and rewards at the same time.
Coins Available On Binance US
Binance.US lets you purchase and sell more than 50 cryptocurrencies. These cryptocurrencies include the popular ones like Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin, and the not so popular ones like Chainlink (LINK), Cardano (ADA), Uniswap (UNI), and VeChain (VET).
Coins Available On Crypto.com
One of the really exciting features of Crypto.com is that it gives users access to a wide array of cryptocurrencies. Crypto.com lets you exchange and trade over 150 cryptocurrencies pairs. US users, however, only enjoy access to just 60 of those cryptocurrencies.
Some of these coins offered by Crypto.com include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Crypto.com Coin(CRO), USD Coin (USDC), Chainlink (LINK), Algorand (ALGO), Polkadot (DOT), Enjin Coin (ENJ), Paxos Standard (PAX), Elrond (eGLD), OMG Network (OMG), Basic Attention Token (BAT), Origin Protocol (OGN), Filecoin (FIL), TrueGBP (TGBP), 0x (ZRX), Bali Coin (BAL), XSGD (XSGD), TrueUSD (TUSD), TrueAUD (TAUD), TrueCAD (TCAD), Band Protocol (BAND), Kyber Network (KNC), PAX Gold (PAXG), UMA (UMA).
Binance US Fees
The amount charged by Binance US depends on the payment method, type of transaction you’re trying to undertake, and the execution speed. For example, Binance.US charges 0.1% for spot trading. Faster transactions see a charge of 0.5%. This is still 0.25% less than eToro’s standard fee of 0.75%.
While Binance, as a whole, charges an extra fee of 4.5% for debit card transfers, Binance.US does not. This is because Binance US does not even allow credit card transactions. No extra fees come with cash deposits and withdrawals from transfers from ACH banks. Bank wire, on the other hand, attracts a transfer fee of $15 for every transaction.
The amount charged by Crypto.com mostly varies with the volume of cryptocurrency traded. The platform works an incentive-based system that allows you to pay less as you trade more. Crypto.com is popular for offering one of the lowest fees by any cryptocurrency exchange platform.
In case you’re wondering, here’s what it looks like:
- com lets you pay as low as 2.99% to 3.99% on debit card transactions processed with their mobile application.
- Beginner traders can enjoy 30 days of zero trading fees. This means that for the first thirty days of joining the platform, you can perform as many cryptocurrency exchange transactions as you want at zero cost.
- com charges an average of 0.13% taker fees per order. The amount charged depends on the volume of cryptocurrency you’ve traded within the last 30-day trading cycle.
- com charges an average of 0.75% maker fees per order. The amount charged depends on the volume of cryptocurrency you’ve traded within the last 30-day trading cycle.
Benefits of Both Exchanges
Binance US and Crypto.com are similar in that they allow cryptocurrency traders to exchange cryptocurrency at such ease as we’ve never seen before. The speed of transactions is truly amazing.
If you’re a cryptocurrency trader looking for a safe, low transaction cost cryptocurrency exchange platform can either go for Binance US or Crypto.com.
Binance US does not offer as many cryptocurrency options as its mother platform, Binance. However, it still manages to outperform most of the other cryptocurrency exchange platforms in the United States.
Its low transaction cost makes it even more appealing to both beginner and pro cryptocurrency traders within the region.
Crypto.com has established itself as your one-stop-shop for the widest range of cryptocurrencies that you’ll ever need to exchange. It is inclusive and affordable, and it is, by far, the perfect fit for any cryptocurrency trader who wishes to buy, sell, manage, and spend cryptocurrencies within a singular trusted platform.