Coinbase and Binance for investing?

October 10, 2020

Are you still wondering where to store your money? Due to the coronavirus pandemic, a lot of us lost our jobs, and money is “printed” daily. Most of us know that gold is a great conductor. However, it is tough to manipulate with gold and prices starting on higher units of a dollar.

A good alternative could be cryptocurrencies with Bitcoin as flagship. Still, there is a problem where to buy them safely. You can come across too many platforms like Binance, Coinmate, Coinbase, Exodus, etc. For beginners, the best choice is Coinbasewith a simple user interface and low entry-level complexity. If you want to sign up, you have to prove your identity and income. Then make a little testing payment and start using Coinbase.

Using Revolt or Twisto to trade cryptocurrencies

Charing your account is an easy task. You just need to send a SEPA payment that is built in every Czech online banking. Commonly you have to wait around three days for your money. If you have an account on Revolut or Twisto, the waiting time is shorter. This platform does not have too many cryptocurrencies like others. However, it is a safe website, and you will find there only stable cryptocurrencies. Graphs are also well-arranged, and support will always help you. 

On the other hand, if you are a more experienced trader, you can be shocked by a trading fee. That is why we are getting to the Binance. The second-largest platform for cryptocurrencies. It is less safe than Coinbase, but you got more opportunities and better deals. It is very speculative if storing money to cryptocurrencies is a good investment. 

For many economists, it is like virtual gold. On the other side, you have many experts who will always tell you that Bitcoin is just a new trend that will be dead soon.