Coinbase is one of the largest and most versatile cryptocurrency exchanges in the U.S. It offers a wide selection of cryptocurrencies and is known for its comprehensive features and user-friendly interface. However, it is not the cheapest option for buying and selling cryptocurrencies, with variable fees depending on the type of trade and account level.
Gemini is popular among beginners for its easy-to-use app and strong security features. It offers a good range of cryptocurrencies and is available in all 50 U.S. states. Its fee structure is straightforward, with lower fees for larger transactions.
Robinhood is a brokerage that allows users to buy and sell Bitcoin, other cryptocurrencies, stocks, and options without transaction fees. It offers a good selection of cryptocurrencies but lacks some of the advanced trading features found on dedicated crypto platforms.
eToro stands out with its CopyTrader feature, which lets users replicate the trades of successful investors. It offers a diverse range of investment options and is suitable for those who want to manage all their assets in one place. Fees include a 1% fee for cryptocurrency trades plus a spread.
Bitcoin IRA allows you to invest in Bitcoin and gold for retirement savings, offering tax-deferred growth. However, it has high fees compared to other platforms, and the volatility of crypto assets can add risk.
Cash App provides a user-friendly way for beginners to trade Bitcoin. There’s no need for a separate account, as you can use the same app for sending money and trading Bitcoin. Fees for Bitcoin transactions can vary.
