5 Best Crypto Investing Platforms & Apps of 2024

The hundreds of choices for crypto investing platforms can lead to paralysis. This is especially true when crypto enthusiasts are looking for smart, streamlined solutions.

But before we proceed,

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Moving on,

This is where I come in, with a list of the best crypto investment platforms for 2024:

1. Bybit – Overall Best Crypto Investing Platforms
2. Kraken
3. OKX
4. MEXC
5. Binance

Now, let's dive deeper and explore what to expect in each of these investing platforms.

But first things first,

What is a Crypto Investment Platform?

Crypto investing platforms are your digital gateway to the crypto universe – a place where buying, selling, and managing your cryptocurrency investments becomes as straightforward as online shopping.

But here’s the kicker: it's not just about transactions;

these platforms are a melting pot of analytics, insights, and community wisdom, designed to arm you with the knowledge you need to make informed decisions.

Imagine having a financial advisor, a market analyst, and a community of fellow crypto enthusiasts, all packed into one user-friendly interface. That’s the essence of a crypto investment platform.

Intrigued? Stick around, because there's more to this crypto saga.

Read more on What is Cryptocurrency Investment? How it Works + Investing Tips

How Crypto Investing Platforms Work

First up, it’s all about setting up your digital wallet – think of it as your online bank account, but for cryptocurrencies.

Once you’re in, the world of crypto trading unfurls before you like a red carpet. You can buy coins, sure, but that’s just scratching the surface.

Here's where it gets juicy: you can track the performance of your investments, dive into real-time market analysis, and even set up automatic trades based on your own rules and triggers.

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But wait, there's more. These platforms aren't just about solitary trading; they're social hubs, buzzing with discussions, advice, and firsthand experiences from fellow traders.

Best of all, whether you're a seasoned trader or a curious newbie, these platforms adapt to your pace.

They offer tutorials, support, and resources to ensure your crypto journey is not just profitable, but also enlightening and engaging.

So, ready to dive deeper?

Where to Invest in Cryptocurrency

1. Bybit – Overall Best Crypto Investing Platforms

• Supported Cryptocurrencies: Over 547
• Trading Fees: No fee for spot trading; derivatives trading at 0.01% (makers) and 0.06% (takers).
• Key Features: Stellar security with encryption and cold storage, albeit derivatives trading might daunt newbies. Round-the-clock customer support sans phone service, alongside a plethora of offerings from spot to futures and even an NFT marketplace.

Sign-up and trade on Bybit HERE.

2. Kraken – Best Crypto Investing Platform for Advanced Traders

• Supported Cryptocurrencies: Over 230
• Trading Fees: Starts at 0.16% for makers, dipping with volume, and 0.26% for takers.
• Key Features: A fortress of security including two-factor authentication and specialized teams. User-friendly for all levels, providing both basic buys and advanced trading options. Stellar support across platforms, supplemented by an exhaustive FAQ and a dedicated help center.

3. OKX – Best Crypto Investing App

• Supported Cryptocurrencies: Over 350
• Trading Fees: Competitive rates with maker fees starting at 0.08% and taker fees at 0.1%.
• Key Features: Boasts top-notch security with an unblemished track record. The interface caters to every trader’s whim, and the support team is ready to assist in over 30 languages, making it a global powerhouse.

4. MEXC – Best Crypto Investment Platform

• Supported Cryptocurrencies: A staggering range of over 2,050
• Trading Fees: Zero fees for spot trading; futures trading at 0.01% for takers.
• Key Features: Emphasizes security with cold storage and KYC procedures. Designed for ease, accessible on mobile, and filled with innovative features like leveraged ETFs, copy trading, and a bustling P2P market.

5. Binance – Best p2p Crypto Investment Platform

• Supported Cryptocurrencies: Over 350
• Trading Fees: Uniformly low at 0.1%; even better rates for futures.
• Key Features: Multi-tiered security measures, beginner-friendly interface, and integration with TradingView. Though the support can be a tad slow, it compensates with a wide range of services including Binance Earn and a thriving P2P marketplace.

By now, you should feel armed with the knowledge to navigate the crypto investing universe.

Remember, each platform has its own cosmos of features, so align them with your journey’s needs and desires.

Crypto Trading vs Crypto Investing Platforms?

Crypto trading and crypto investing are different beasts, each with its own rhythm and rewards. Let’s slice through the confusion and lay out the bare bones.

Imagine crypto trading as a high-octane sprint; it’s all about fast moves and quick gains, perfect for the adrenaline junkies of the financial world.

On the flip side, crypto investing is more like a marathon, paced and steady, aiming for long-term growth rather than instant gratification.

Here’s a bite-sized table to break it down:

By now, you should see the chalk and cheese difference between the two. Crypto trading platforms are your go-to for the fast-paced, chart-obsessed market mavens.

Meanwhile, crypto investing platforms cater to those looking to grow their digital nest egg over time, with less heart-palpitating scrutiny of every market dip and rise.

So, what’s your style? Quick flips or long-haul trips?

Read more on Crypto Trading For Beginners: 8 Essential Tips for 2024

Choosing the Best Crypto Investment Platform

Picking the right crypto investment platform can feel like navigating a maze in the dark.

But don't fret! I'm here to light the way.

Here are five factors to consider that will turn this daunting task into a walk in the park:

1. Security is King

First things first, your digital treasure needs a fortress.

Look for platforms with robust security measures like two-factor authentication, cold storage for your digital assets, and a squeaky-clean track record.

2. Fee Structure

Nobody likes nasty surprises, especially when it comes to fees. Delve into the fee structure: look for transparency and fairness.

Whether it's trading fees, withdrawal fees, or hidden charges, knowing what you're up against can save you from a world of financial hurt.

3. User Experience

Navigating your platform shouldn’t feel like solving a Rubik’s cube. Look for a clean, intuitive interface that makes trading and investing as easy as pie.

A good platform educates while facilitating, making sure you’re confident with each click.

4. Asset Variety

Variety is the spice of life, and this holds true in the crypto realm.

Whether you're a Bitcoin loyalist or an altcoin adventurer, choosing a platform that offers a wide selection of cryptocurrencies ensures you can diversify your portfolio under one roof.

5. Customer Support

Here's the truth – in the crypto world, questions and concerns don’t stick to office hours.

Opt for a platform with round-the-clock customer support, available through multiple channels. Because when you’re in a tight spot, a helping hand can make all the difference.

Now, with these guidelines in your arsenal, choosing the right platform should be less of a guessing game and more of a strategic decision.

Read more on Best Crypto Investing Strategies for Beginners

Final Thought

Here's the deal: choosing the right crypto investing platform can be the linchpin in your digital currency journey.

It’s not just about following the crowd; it's about finding a platform that resonates with your investment style and goals.

Remember, the perfect crypto investing platform is your springboard to the vast universe of cryptocurrency.

So take the plunge, armed with the insights and confidence you've gained.

After all, in the world of crypto, the only constant is change, and the best time to start is now.

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Crypto Investment Platform FAQs

What is the best crypto investing app?

The best crypto investing app is subjective and varies based on user needs; however, Bybit stands out in 2024 for its comprehensive features and user-friendly interface.

Where is best to invest in crypto?

The best place to invest in crypto is on a platform that aligns with your investment goals and risk tolerance, offering a wide range of assets and robust security features.

What is the simplest crypto trading platform?

For beginners seeking simplicity, Kraken offers a user-friendly interface combined with educational resources to ease the crypto trading journey.

What is the safest crypto platform?

While all platforms strive for security, Binance is renowned for its multi-tiered security approach, making it one of the safest options in the crypto space.