Experts have repeatedly stated that cryptocurrencies are the future of finance, and bitcoin may even displace the US dollar from the position of the world’s main reserve currency. Every year there are more and more companies and merchants in the world that accept payments in cryptocurrency for goods and services.
Let’s talk about the best crypto platforms.
1. Binance
The exchange was founded in 2017 by businessman Changpeng Zhao. The platform specializes in trading altcoins, offering about 600 different trading pairs, including fiat currencies. In the same year, the BNB cryptocurrency was launched. It can be used to pay trading fees on Binance, buy other cryptocurrencies, and pay in-store payments.
The crypto platform also has its own stablecoin Binance USD (BUSD). It is pegged to the US dollar and has been approved by the NYS Department of Financial Services. BUSD is available for direct buying and selling at the rate of 1 BUSD – $ 1.
At the time of publication of the article, transactions worth $ 21 billion had been carried out through the exchange in the last 24 hours.
In 2019, the Binance platform insured user funds with the US Federal Deposit Insurance Corporation. The maximum reimbursement amount is $ 250,000.
Since June 2020, payment for cryptocurrencies on the Binance exchange using Visa credit and debit cards has become available in more than 180 countries around the world, including Ukraine – at the beginning of last year, the crypto platform opened an account with the Ukrainian bank IBOX Bank.
In April 2020, the company released the Binance Visa debit card. With its help, users can pay with cryptocurrency at more than 60 million points around the world, where Visa cards are accepted. The Swipe-based Binance card (this startup provides users with access to a cryptocurrency wallet and Visa debit cards with automatic conversion of cryptocurrencies to fiat money) works like a regular charge card, just preferably of fiat money, digital assets such as BTC, BNB, SXP, including BUSD. The card is linked to the Card Wallet on your Binance account, which can be funded from a spot wallet.
2. Coinbase
American exchange Coinbase tops many ratings of the most popular crypto platforms in the world. This is one of the first platforms for buying, selling and storing cryptocurrencies. It appeared in 2012, three years after the launch of the Bitcoin network. Currently, the service operates in 102 countries of the world (Ukraine, unfortunately, is not included in this list) and offers more than 40 trading pairs for purchase (their availability depends on the region).
At the same time, some cryptocurrencies, for example, Golem (GNT) and Loom, are only available through Coinbase Pro, a trading platform for advanced traders where you can find Letsexchange cryptocurrency.
According to official figures for 2021:
- the trading volume on Coinbase was $ 320 billion;
- Coinbase also has its own stablecoin, Coinbase USD Coin, fully backed by USD and developed by the Center consortium;
- Coinbase clients with USD records may change 1 USDC for $ 1 in USDC-enabled areas.
3. Huobi Global
Huobi is one of the most beloved trades in the society. The Huobi exchange has been selling cryptocurrency since 2013, and its trading volume, according to data from CoinMarketCap, has exceeded $ 9 billion in the last 24 hours. The founders of the site are Chinese entrepreneurs Du Jun and Leon Li, whose goal is to develop and integrate blockchain technology into other sectors of the economy.
In 2018, Huobi went public and is listed on the Hong Kong exchange. In the same year, the exchange launched its own cryptocurrency, Huobi Token, based on Ethereum.
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