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The advancement of the cryptocurrency industry throughout the years has indeed bore fruitful results. With the proof that it’s profitable, millions of people flocked and engaged in this field to earn or increase their digital assets. As beginners with no idea about the crypto-verse invest in crypto, some people took advantage of it and posed different methods to scam people and steal their hard-earned funds. Both newbies and advanced traders can be victims of crypto scams, which often happen during the early stages of your career, such as choosing your crypto platform. This step is crucial, so it’s better to be prepared than regret it later. To help you ensure you choose a trustworthy one, we’ve compiled 10 of the top reliable crypto platforms you can fully trust with your funds.
1. CoinMama
When discussing the safest cryptocurrency platforms, it’s effortless to spot CoinMama on the list. With 2 million users from 197 countries, this platform has gained the trust of its users because of its top-notch security. Hackers would find it difficult to hack your account on this platform because its system does not store your cryptocurrency funds or transactions. Your personal information and transaction details are unavailable on their site but require a unique digital wallet to hold your digital assets.
2. Coinbase
Established in 2012, Coinbase immediately captured the attention and trust of its over 68 million verified users in 100 countries. Regarding account safety, account owners of this platform are at ease because of its additional security measures. The platform is known to provide Coinbase Vault, which stores 98% of your assets offline in safe deposit boxes and physical vaults worldwide for enhanced security measures.
3. Immediate Edge
Immediate Edge is a mobile-friendly trading platform incorporating advanced technologies to buy and sell digital assets effectively. This platform prioritises the safety of its users and has invested in foolproof systems. The website provides robust encryption to prevent unwanted accounts from logging in. Plus, the brokers linked to traders are highly reputable and regulated by all authorities.
4. eToro
eToro has more than 17 million investors in 100 different countries and has a value of 2.5 billion USD, earning a spot as one of the largest brokerage companies in the world. Backed by a trusted financial company, this platform incorporates top-notch security measures such as the ASIC, FCA, and CySEC regulations to ensure the safety of its users. Aside from providing their funds are safe under SSL encryption, eToro also has one of the safest crypto wallets in the market.
5. Binance
Binance is the perfect platform for users who plan on diversifying their crypto portfolio because of its 600 altcoins available for trading. This platform is a safe crypto exchange as it allows user account protection by incorporating two-factor authentication (2FA), a real-time monitoring system that detects suspicious activities. In addition, it stores most of its crypto in offline storage, limiting the possibilities of hacks.
6. Robinhood
Robinhood is known to have the best mobile application, which makes it the ideal platform for users who are always on the go. When it comes to user safety, don’t take this platform for granted. All accounts in this exchange are well-protected, with two-factor authorisation access on new and older versions. This feature helps users and the platform ensure that your account is safe from unwanted logins.
7. BlockFi
BlockFi is dubbed the most secure Bitcoin platform in the market today. Established in 2017, this crypto platform has instantly raised $50M to expand its crypto offerings. This platform not only values the safety of its users but also of its staff and system. The platform not only manages security as a plan, but it has also always been the platform’s default standard and the keystone of the exchange.
8. Cash App
Named by Investopedia as one of the best platforms for newbies who want to trade Bitcoin, this platform is ideal for traders who wish to start trading with Bitcoin. You don’t have to worry about the safety of your account as this platform uses cutting-edge encryption and fraud detection technology to keep your personal information and digital funds secure. Whether users use a public or private connection, all data submitted is stored in their secure servers.
9. Kraken
Are you prioritising security features when searching for a crypto platform? You better check out Kraken. This platform provides various security measures, including two-factor authentications, SSL encryptions, email confirmations, and many more. Kraken utilises a series of advanced security measures to ensure the safety of its users’ crypto funds.
10. Gemini
Gemini is a user-friendly crypto platform ideal for newbies and advanced traders. The platform has industry-leading security features such as its hot wallet and customer support centre. This platform has not recorded a successful hacking attempt on its site, all thanks to its cold storage and security-first mentality since day one.
Conclusion
When you engage in ventures that involve investing a considerable sum of money, it’s only natural to consider the safety of your funds first. With the rising cases of scams and hacks in the online world, you should take additional measures to ensure you choose a good platform. A platform that provides opportunities to further your career and goes out of its way to provide you with top-notch security can go a long way. The list above is just some of the ten reliable platforms you might want to check out.
