There are several crypto exchange platforms in the market that you can choose from. However, choosing which one to trust with your hard-earned cash is important to consider their reputation over the years, leadership, and how long they have been in business.
The two most popular exchange platforms that we recommend are Binance and Coinbase. These two are very popular because of the security, reliability, and trust they have built over the years. Coinbase has been around the longest; it was established in 2012. On the other hand, Binance was founded in 2017, so it is relatively new to the game compared to Coinbase.
Each of these two has pros and cons that you should be aware of before making a choice. Binance has more cryptocurrency options, lower fees, and crypto-trading options compared to Coinbase. On the other hand, Coinbase is a more trusted platform in the US, much simpler to use, and offers multiple ways of buying bitcoin and other cryptocurrencies.
The downside with Coinbase is that it supports few coins (about 100) and has higher transaction fees than Binance. So, these two exchange platforms have different target markets. If you are looking at a platform that you can use for constant buying and trading of bitcoin and other cryptocurrencies, Binance is a better alternative, thanks to its lower fees and a wide variety of coins to choose from.
However, for those who want a simplified platform for buying and saving bitcoin, Coinbase is the best alternative. Coinbase is also available in about 100 countries compared to 180 for Binance. So, you need to confirm which of the two supports your country before making a choice.