You’ve come to the right site if you’re seeking for information on the best and safest places to trade (buy and sell) cryptocurrency. In 2022, we’ll offer the finest platforms for buying and selling bitcoin and other cryptocurrencies.
In this article, I’ll answer your issue and save you the time and effort of looking for an answer elsewhere.
Bitcoin and other cryptocurrencies are commonly used for trading on exchange platforms as well as in physical locations such as stores.
Because of the extreme volatility in the use of Bitcoin and other cryptocurrencies, many exchange platforms for buying and selling Bitcoin and other cryptocurrencies have been formed.
However, this complicates the search for a bitcoin exchange.
For example, some of these platforms are utilized for fraudulent behavior, and you will not be credited with the paid Bitcoin or cryptocurrency after purchasing or buying.
Some platforms are legitimate in their trading, but their fees and commissions are excessive. The value of cryptocurrency and Bitcoin that will be credited to your wallet after buying and trading will be insufficient.
This post seeks to assist you in the right direction for buying Bitcoin and other cryptocurrencies so you don’t have any problems.
Let’s get this party started right away with Coinbase.
1. Coinbase
Coinbase is a famous cryptocurrency exchange that allows you to purchase and sell Bitcoin and other cryptocurrencies. Almost every cryptocurrency is supported by Coinbase.
Armstrong Brian and Fred Ehrsam launched the company on July 20th, 2012. The main goal of developing this platform was to alleviate the stress of trying to find a way to buy and sell cryptocurrency.
However, it is now more than just an exchange platform, as it also includes a crypto wallet.
Coinbase’s security is excellent, with two-factor authentication. Blackhats will have a difficult time gaining access to your Coinbase wallet.
2. Binance
Because of its low fees and service strategy, Binance is now one of the leading trading platforms in 2022.
Binance is a Bitcoin and cryptocurrency exchange platform that aims to make buying and selling cryptocurrencies as simple as possible.
When Changpeng Zhao left Okcoin in July 2017, he launched it. He funded the platform with $15 million raised through an initial coin offering (ICO).
Binance makes it simple to know when to purchase and sell bitcoin and other cryptocurrencies by providing a snapshot of the most recent market prices for all of the cryptocurrencies it supports.
3. Yellow Card
Yellow Card is a crypto exchange funded by venture capitalists in the United States that operates in over 13 African nations, including Nigeria, South Africa, Cameroon, and Tanzania. Yellow Card allows you to purchase and trade Bitcoin and USDT using Naira in Nigeria.
The exchange has now implemented Know Your Customer (KYC), making it more compatible with international financial services best practices. Because peer to peer trading has been introduced, it is no longer restricted by the Central Bank of Nigeria’s crypto trading limitations.
The ability to buy USDT in Naira is one of the most interesting features of the new Yellow Card app. You can buy USDT (Tether), a stablecoin tethered to the US dollar, for less than 1,000 Naira, making it a wonderful option to save in dollars.
Both Android and iOS versions of the Yellow Card App are available. To get the app, go to the Google Play Store or the App Store.
4. Prestmit
Prestmit is a web-based and mobile-based over-the-counter cryptocurrency exchange platform. Prestmit accepts Bitcoin, Dogecoin, Litecoins, Tether, and other cryptocurrencies. Prestmit, which has been around since 2019, has proven to be one of the top apps for selling cryptocurrencies in Nigeria and Ghana.
Users may easily swap their crypto for fiat on the Prestmit platform, which is equipped with autonomous transaction methods. The naira and cedis are two fiat currencies that are available. Transactions on Prestmit are fully automated, and any crypto received in the user’s wallet is automatically credited to the user’s fiat wallet with no need for manual involvement.
5. Kraken
Another excellent marketplace for buying and trading bitcoins is Kraken. Despite its lack of popularity, it has received over 5-star evaluations from its present users.
It is a San Francisco-based startup that was founded in 2011 but did not begin operations until 2013. It is owned by Payward Inc, a registered business run by co-founder Jesse Powell.
Kraken was founded with the sole purpose of trading Bitcoin. However, since other cryptocurrencies have evolved and gained value, it now supports 17 additional Altcoins in addition to Bitcoin.
Kraken has been shown to be totally safe, with no evidence of hacking or coin misplacement.
However, it is well-known for its exorbitant transaction and withdrawal fees.
Its policy has never backed Nigeria, even before the ban on a bitcoin exchange in Nigeria.