The 10 most famous platforms for trading digital currencies in the world.. Get to know them
Cryptocurrencies are firmly integrated into today's global economy, especially with the growing popularity and circulation of cryptocurrencies around the world, including our Arab world, with nearly $2.5 trillion in trading volume via digital currency trading platforms last September . It continues to grow.
In fact, this currency has become a fait accompli that cannot be ignored or ignored, especially it has become a large part of investor interest, especially in our Arab world, because Saudi Arabia, UAE digital currencies are traded. , Kuwait, Egypt, Jordan and other Arab countries...
However, there are a number of analysts pointing out the risks of dealing with these currencies and the negative implications involved, especially after the rise in fraud and scams pushed the number of these currencies past 5,000 cryptocurrencies.
Muhannad Erekat, an economist and chief analyst at the Jordanian company "CFI" (one of the largest Arab foreign exchange specialists), said, "The company does not deal with digital currencies because the central bank has issued directives warning citizens against handling all these types of currencies. Currency.” Due to the high risks and losses that traders may generate through digital currency trading platforms.
He talked about significant and exaggerated fluctuations in the value of these currencies, which can throw all investors off balance, in addition to security concerns, financial crime, and electronic piracy, in addition to the legal risks of trading these currencies. Because they are not money or movable property according to laws and regulations. Due to the lack of covered content and the fact that it was not published by a legally bound licensor or endorser, it is invalid in many countries.
Erekat explained that “digital currency transactions are associated with financial, economic and environmental risks, the lack of financial regulation and the high energy consumption of cryptocurrencies.”
He emphasized that "the future of these currencies is still unknown and questionable, because the government does not have a clear mandate or ability to monitor the working dynamics of these currencies, so it is likely to affect the local official currency." And various financial institutions, This is what drives many countries against these currencies. "
But at the same time, Erekat said that many governments around the world are also considering adopting central bank digital currencies such as the "digital euro" of European countries.
With all these risks and caveats, demand for cryptocurrencies continues to grow as investors seek higher and faster returns through digital currency trading platforms.
In this report, we present you the most famous digital currency trading platforms in the world, we have considered the level of security, reliability, popularity and ease of use of these selected platforms.
Founded in the United States in 2012, it is one of the most famous and powerful digital currency trading platforms in the world because it greatly simplifies the process of buying and selling these currencies, while providing traders with strong security guarantees. make. , and the platform also includes a large number of market indicators and charts that users need to analyze market movements.
The platform is the largest medium for exchanging Bitcoin, Ethereum and Litecoin for 32 fiat currencies. The platform is used in 190 countries around the world and is used by about 10 million customers from different countries. Another advantage of this is that the fees are relatively low compared to other platforms, although it is not the lowest among them.
Coinbase also provides investors with a secure trading wallet as it insures them against hacking, manipulation, and hacking, and funds are stored in FDIC-insured bank accounts, which is important because Many users have reported hackers stealing their accounts...the platform also offers custodial accounts for novice users to protect them and give them the best investment advice.
Registration on the platform is easy via the following link: https://www.coinbase.com/.
We have chosen this platform among the most popular digital currency trading platforms because of its offer of a long list of currencies in addition to the most common digital currencies, as well as its availability on an Arabic interface dedicated to Arabic traders.
Founded in the United States in 2017, it has grown into one of the most powerful cryptocurrency trading platforms in the world since 2019. The platform only allows global users to make USD deposits through the Society for Worldwide Interbank Financial Telecommunication (SWIFT). But it allows users to buy a specified amount of cryptocurrency. Deposits are also allowed in 12 other fiat currencies as well as direct credit cards.
The Binance platform is suitable for those who want to trade or invest in lesser-known altcoins as it offers over 50 different cryptocurrencies to trade, making it a great option for those who don't have access to most other exchanges. Good choice. Want more advanced charting; the features, charting capabilities, and data that come with opening an account are really impressive and provide traders with an excellent ability to analyze and read market movements.
We chose this platform among cryptocurrency exchanges because it is an open-source decentralized exchange with no Know Your Customer (KYC) requirements.
It is downloadable software that enables pair trading of Bitcoin and other cryptocurrencies, so the software has no central point of control and cannot be withdrawn like Bitcoin, meaning investors have full control more securely .
No one but users can control the movement or buying and selling of currency, unlike "Coinbase" or other centralized exchanges such as "Coinbase" which can control the movement of currency. Users in escrow accounts where the user does not have access to the keys, in which case Coinbase reserves the right to suspend your account if it believes there is suspicious traffic in the account.
BASIC requires no registration process and is immediately accessible to anyone with a computer or smartphone. This makes it ideal for those seeking privacy, dissidents living under authoritarian regimes, or anyone without a government-issued ID.
In addition to Bitcoin and other cryptocurrencies, the platform also offers the possibility to trade in a number of different fiat currencies, including the US dollar.
We chose this platform because it is very easy to use and provides traders with flexible options to withdraw funds from other cryptocurrency wallets.
CashApp is a money transfer system from one currency to another, and much like the Venmo app, the service allows users to buy food for their friends, pay rent for roommates, and even pay rent for people who support the app. Allows you to shop online from retailers. Essentially acting as a bank account, users get their own CashApp debit card.
In addition to all these features, CashApp also allows its users to invest in stocks, exchange-traded funds (ETFs), and Bitcoin. It is very easy to download this platform (app) and use it to trade and trade instantly; this makes it an ideal platform for beginners who are starting to trade for the first time in their lives.
While the main strength of the platform is remittances, it also has a significant advantage when it comes to investing in cryptocurrencies, as it allows users to withdraw cryptocurrency investments to their own wallets and withdraw cryptocurrencies from exchanges in the cryptocurrency community with a large capacity important. , which is the main reason why we chose this app over other apps and platforms as the best option for beginners to buy and sell Bitcoin.
A financial company licensed by the European Union, the Securities Commission and the Central Bank of Malta in 2013 and regulated by the Malta Financial Services Authority (MFSA), providing trading services for multiple digital currencies such as Bitcoin, Ethereum, Ripple, and Bitcoin . In addition to foreign exchange and stocks of international companies, Bitcoin Cash is also approved.
The most notable features that the platform offers to its clients include a strong and deep financial portfolio, tight spreads between buy and sell prices, and easy deposit and withdrawal of funds through licensed European brokers.
It also provides a negative balance protection policy, which is a very important feature for investors, and it provides beginners with a risk-free demo trading account before actually entering the market. The platform also includes an Arabic interface and it uses the MetaTrader 4 trading platform. It is a rental platform and has a newer and more powerful version, MetaTrader 5.
Registering on the platform - one of the most popular cryptocurrency trading platforms out there - is easy via the following link: https://arabic.nsfx.com/.
Post a Comment