Today, many people invest their time in learning about cryptocurrency. After all, digital currencies offer a chance to earn great returns on investments. People learn how to trade, how to choose cryptocurrency to invest in, and other crucial details.
One key factor that is necessary for people who want to invest in digital currencies is a crypto converter or exchange platform. They can use it to convert crypto to other digital currencies, buy crypto with credit or debit cards, and do other financial operations.
This article covers some of the best cryptocurrency converter tools that you can use safely.
1. WhiteBIT
This is one of the biggest European cryptocurrency exchange platforms with the best tools to facilitate trades and exchanges. If you want to convert crypto currency to another digital coin or token, WhiteBIT offers a list of more than 270 crypto assets. The platform also features six fiat currencies so that clients can buy crypto with their national currency.
WhiteBIT provides an easy-to-use platform for customers to buy and sell cryptocurrencies with credit/debit cards, bank transfers, e-wallets, and crypto wallets. It also provides numerous trading tools, such as follows:
- stop-loss orders;
- limit orders;
- market orders;
- margin trading.
WhiteBIT, in addition to trading services, provides a wallet service that allows users to securely store their cryptocurrencies. To protect users’ funds, the exchange implements advanced security procedures such as 2-factor authentication and conducts regular security audits.
One of the biggest benefits of WhiteBIT is that the exchange stores 96% of its assets in cold storage, successfully disabling any hacker attempts to steal clients’ funds. Moreover, the exchange uses Web Application Firewall (WAF) to detect any hacker attacks. Another significant advantage of the platform is that it successfully passed the Hacken.io audit.
WhiteBIT is also popular for having minimal trading fees that start at 0.1% for market takers and 0.1% for market makers. The exchange also provides its members with a range of promotions and bonuses, such as referral programs and even trading tournaments. Thus, if you want to use the cheapest and best crypto converter, use WhiteBIT.
2. Kraken
Kraken is one of the industry’s oldest and most reliable crypto exchanges where people conduct crypto converts. Kraken provides a wide range of cryptocurrency trading assets, including the most popular ones, like Bitcoin, Ethereum, Litecoin, etc.
The exchange features an easy-to-use platform for customers to purchase and sell coins and tokens. Kraken also provides advanced trading tools, such as margin and futures trading, to assist users in properly managing their trades.
Kraken is well-known for its robust security measures. The exchange employs a variety of security procedures to protect users’ money and personal information. The list includes 2-factor authentication, cold storage, and regular security audits.
Kraken provides a wallet that allows users to securely store their coins. The exchange accepts a wide range of cryptocurrencies, and customers can deposit and withdraw funds using a variety of payment methods, including bank transfers and credit cards.
Kraken is also used because of having low trading fees that begin at 0.16% for market takers and 0.26% for market makers. Overall, Kraken has everything one may need for a successful exchange of cryptocurrencies.
3. Coinbase
This is another popular crypto currency converter. Coinbase is well-known for its simplicity and ease of usage, making it a popular choice for beginners in cryptocurrency overall and in trading.
Coinbase has now expanded its range of tools to include Coinbase Pro. It’s a more complex trading platform for experienced and skilled investors who want to bring their trading experience up a notch. When compared to the standard Coinbase platform, Coinbase Pro provides advanced trading tools, such as limit orders, stop orders, and market orders, while also charging lower fees.
One of Coinbase’s most significant advantages is its safety. The platform keeps its users’ assets in cold storage, which means they are kept offline and out of reach of potential hackers. Coinbase also uses a variety of standard security methods, such as two-factor authentication, encryption, etc.
The fees on Coinbase depend on the transaction size and payment method chosen. Coinbase also provides a variety of other services, including its own wallet, crypto cards, and merchant services. Coinbase has developed a lot over the years to become one of the industry’s most respected and trustworthy cryptocurrency exchanges.
4. Exodus
Exodus may not offer the cheapest way to convert crypto to fiat and vice versa, but it’s still convenient and affordable. Exodus is a crypto wallet rather than an exchange or trading platform, yet it’s convenient to convert currencies within this app.
Exodus enables users to safely store and manage their cryptocurrency. Over 100 different cryptocurrencies are supported by the wallet, making it easier for clients to get access to wanted currencies. Users may swap between cryptocurrencies within the wallet, making it useful for people who own different coins and tokens.
Exodus’ user-friendly interface is one of its main benefits. The wallet is simple and easy to use, especially for individuals who are new to cryptocurrencies. The interface displays users’ crypto assets, transaction history, and other critical information.
Exodus also offers a high level of security. The wallet incorporates a variety of security methods, including two-factor authentication, encryption, and backup seed phrases. Thus, the wallet is safe and convenient to use. Overall, Exodus is a great choice for people who want to invest in cryptocurrency and store their funds safely.
5. eToro
eToro is a cryptocurrency trading and exchange platform that allows users to buy, sell, and trade cryptocurrencies and other financial assets, like equities and commodities. The platform supports numerous cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, Polkadot, Litecoin, etc.
eToro now provides its own cryptocurrency wallet, allowing users to deposit their digital coins on the platform safely. The platform has an easy-to-use interface and a variety of trading tools and features, making it one of the best solutions to use by beginners in trading and cryptocurrency and experienced individuals.
One of eToro’s most important features is its social trading network. The social trading network allows users to interact with other traders and use a copy trade feature. This feature allows less experienced traders to copy the trading methods of more experienced traders and benefit without conducting their own research and analysis while gaining profit.
It’s worth mentioning that eToro is not strictly a crypto converter or exchange. It’s mainly a trading platform with extremely useful tools, but it also offers great crypto features. The platform is on the list because it’s safe, easy to use, and beginner-friendly.
