The cryptocurrency has been rapidly gaining popularity as more people begin to understand and exchange their money for it. Cryptocurrency has made long-term investing convenient and reduced the risks involved, eliminating the use of paper money and currency exchanges entirely.
Pakistanis shouldn't be left behind, so here are three authentic sites to buy cryptocurrencies, including the most popular ones like Bitcoin and Ethereum.
Binance
Launched in 2017, Binance is now the largest exchange in the world in terms of daily trade volume. It has an average daily volume of 2 billion and charges a low fee for trading, compared to other platforms, as it uses a volume-based pricing model with more discount offers. Although the app doesn't have the largest collection, the selection includes some popular ones like Ethereum, Bitcoin, Binance coin, and Sloana.
Binance enables crypto-to-crypto trading, where customers can exchange one cryptocurrency for another without having to withdraw it first. Not all cryptocurrencies can be traded, but Bitcoin itself can be traded with 9 other currencies. The platform also offers participation, allowing its clients to earn an interest rate, except with more risks involved.
Binance, however, charges an unusually high fee for transactions through a debit card, at an exorbitant sum of 4.5%. The app also recently included an NFT section for buying and selling digital art pieces.
Kraken
The US-based bank and exchange was founded in 2011 and provides a trading platform between cryptocurrencies and fiat currencies. The exchange company offers investment options in more than 200 countries and supports more than 90 cryptocurrencies. The platform offers services such as account management, inquiries, OTC operations, and expert market information.
Investment options available to users include crypto assets, future trading, margin trading, and OTC trading. The investment app also offers various fiat assets including USD, EUR, CAD, AUD, GBP, CHF, and JPY.
Kraken's margin trading option allows you to borrow or take advantage of up to five times your account balance. The platform also provides educational guides and tutorials to help beginners buy different cryptocurrencies.
Cex.io
The crypto investment platform was founded in 2013 and was one of the first to conduct fiat-to-crypto transactions using card payments and bank transfers. The marketplace has a unique Cex.io Prime platform for businesses, supporting over $ 4 million registered users. While Cex.io and Kraken have similar fee payment plans, they have different investment plans. The former has a wider range of digital asset selection, while the latter has more investment options, targeting beginners, advanced cryptocurrency traders, and crypto futures traders.
The investment app has an instant cryptocurrency purchase option for those who use debit or credit cards, allowing clients to fund their accounts with bank transfers or cryptocurrencies. The investment collection includes more than 80 assets, available to everyone around the world.
However, the platform has a small coin offering in bitcoin, bitcoin cash, bitcoin gold, ethereum, zcash, and dash.
Like most crypto investment apps, it offers betting, spot trading, crypto-backed loans, margin trading, and institutional features, including API tools. A fee is charged on a manufacturer / receiver transaction based on the customer's trading volume. Geographical restrictions can also limit the crypto assets available to traders.
