If you’re interested in trading stablecoins to take advantage of blockchain technology, you’ll want to know the best platform to do so. In this post, we’ll break down the best exchanges to buy and sell stablecoins.
Table of Contents
Gold Exchange
If you’re looking to trade gold-backed stablecoins, you don’t need to look much further than Gold Exchange. The platform enables you to trade its Goldcoin stablecoins with just a debit or credit card. You can remain anonymous while participating, too.
It’s one of the easiest ways to get involved with stablecoins and gold investment in general. The platform’s exchange is designed with over 20 years of experience from its owners. That, and it even offers features like buy stops or buy limits to maximize your profit experience.
Coinbase
Coinbase is a San Francisco-based exchange that’s quite careful with what cryptocurrencies it lists. However, since its launch, the platform has supported a significant number of stablecoins.
This exchange supports Tether, Binance USD, TrueUSD, and even has its own stablecoin, USD Coin. All of these and more are available on the platform for easy trading, though you can’t do so anonymously.
That said, if you’re still new to the cryptocurrency space, Coinbase also features lengthy documentation on stablecoins and how they work. The platform even provides a decent wallet for you to hold your coins in.
If you’re an expert, Coinbase also has a Pro platform with additional information for more informed trades.
Binance
Binance is the world’s largest cryptocurrency exchange. The platform offers support for dozens of stablecoins, and tons of fiat currencies to convert to.
In fact, Binance allows you to invest in its own stablecoin, BUSD, if you’d so like. This coin helps pay for trading fees on the platform. It’s quite popular among Binance users and for good reason.
Of course, Binance features an extensive Learn program similar to Coinbase. That, and you can even learn how to trade professionally with the platform’s extra trading features. You can even access all of this information on both mobile and desktop platforms.
Finally, you can also earn interest on the platform by staking assets like stablecoins to generate even more.
Kraken
Kraken is another United States-based exchange – one that more professional traders get involved with quite often.
It’s also a great platform for newer traders to trade stablecoins and other assets. For one, there are next to no trading fees here compared to other exchanges. Kraken supports Tether, USDC, DAI, and other stablecoins as well.
If you’re looking to trade anonymously, you can even take advantage of Kraken’s “Dark pool,” which allows you to trade without a trace. Any issues you experience can be handled with the platform’s excellent customer support team, too.
Just note that verifying yourself and depositing funds might take a couple of days. Also, the platform doesn’t allow for credit card deposits – keep that in mind before signing up.
Bitfinex
Bitfinex is a large trading platform that supports various stablecoins for your trading pleasure. It is a Hong Kong-based platform that has been around since 2012.
If you’re more of an experienced trader of stablecoins, you can even get involved with margin trading as well. Newer trading shouldn’t feel left out, though, as Bitfinex’s intuitive user interface is welcoming to all. All features are available on both desktop and mobile at that.
Trading stablecoins on Bitfinex doesn’t cost much, either. Fees are quite low, and deposits are entirely free. However, note that the exchange does charge you for withdrawals as well.
Gemini
Gemini, based in New York, is a platform started by the Winklevoss twins. It’s a regulated platform in its state of origin and is popular with institutional investors.
Trading stablecoins is a treat with a proper wallet, advanced trading features, and a mobile app alongside the desktop platform. It’s also one of the safest platforms out there, thanks to the twins’ focus on encryption and security.
Conclusion
Now that you’re aware of the best exchanges for trading stablecoins, choose the one that works best for you. Focus on security and stablecoin offerings, and you should be set.
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