The best places to buy cryptocurrencies like Ethereum (ETH), Shiba Inu (SHIB), and FIREPIN Token (FRPN)? | The Guardian Nigeria News

It’s almost certain that you’ve heard about cryptocurrencies by now. Despite the fact that Bitcoin was launched in 2009, it was only in the last few years that it finally entered the public, reaching a high of $68,789 in November 2021. As more people become interested in cryptocurrencies, the adoption rate is increasing at a faster rate than ever. 

By 2021, it was estimated that there are now over 300 million crypto holders worldwide, with a global crypto adoption rate of 3.9%. Market leaders such as Ethereum (ETH) and renowned meme coins like Shiba Inu (SHIB) are widely available.

Ukraine (12.73 percent), Russia (11.91 percent), Venezuela (10.34 percent), Singapore (9.40 percent), and Kenya (9.40 percent) are the top nationalities of cryptocurrency holders by percentage. CoinMarketCap, one of the largest listing platforms, presently indexes over 17,500 distinct cryptocurrencies. With so many options available and new currencies like Firepin Token (FRPN) vying for attention, there appears to be a coin for everyone. The sheer amount of options available to novice investors may overwhelm some. There are a plethora of exchanges, but the ones listed below are some of the best and most user-friendly for individuals who are new to cryptocurrencies.

The Best Cryptocurrency Exchanges 

Coinbase is a cryptocurrency exchange (coinbase.com) Coinbase has been around since 2012, making it one of the most well-known cryptocurrency exchanges. It is popular among rookies because of its simplistic user interface. Coinbase’s security procedures are comprehensive, and any funds held by the company are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. Because of this, the fees might be quite high. 

Binance is a cryptocurrency that is traded on the Binance exchange (binance.com) Changpeng Zhao owns and runs Binance, which is one of the top five exchanges in terms of the trading volume. Binance Coin (BNB), the company’s own cryptocurrency, is ranked third in terms of market capitalisation, behind Bitcoin (BTC) and Ethereum (ETH) (ETH) (and Tether, the stable coin). Binance was created in 2017 and now offers over 150 cryptocurrencies, including major coins as well as several alternative currencies. Fees for trading in BNB are lower, while fees for trades in larger volumes are often lower. Binance also supports a variety of trading strategies, including limit and stop-limit orders. 

Kraken – (kraken.com) Kraken is a cryptocurrency exchange that was created in 2011 and is available in 176 countries. It charges lower fees than many other exchanges, including Coinbase, and is widely regarded as a safe location to trade. Depending on how much knowledge a user has before investing, the complexity of Kraken could be both an advantage and a disadvantage. 

eToro is an online trading platform (etoro.com). One of the most well-known exchanges is eToro. Its users can purchase and sell stocks as well as cryptocurrencies. For beginners, the eToro interface is quite user-friendly, and a crucial feature is the option to trade up to $100,000 in virtual money. For each aspiring investor, this is the ideal risk-free technique. Because eToro’s costs are based on the spread, they can be fairly high (the difference between what is paid for a coin and what the user wishes to sell it at). 

Uniswap is an acronym for “Universal Swapping System” (uniswap.com) Uniswap is a decentralised cryptocurrency exchange. It enables users to exchange cryptocurrencies without the involvement of a facilitator. Its security procedures ensure that its platform is legitimate. Uniswap’s design allows it to accommodate newer and smaller currencies. Uniswap investors can get into projects earlier, which means they can see the potential for bigger short- and long-term gains. At the end of its presale, FirePin Token (FRPN), one of the most interesting new cryptocurrencies set to emerge in 2022, will be available on Uniswap. 

Investing in cryptocurrencies, of course, carries a certain amount of risk. The market can be volatile; large price gains might be followed by even larger price drops. As a new investor, you should be aware of this. There is plenty of possibility for a huge amount of profit in cryptocurrencies with some patience, time in the market, and research before investing in projects.

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