Investment banks predict that metaverses will become huge cash cows. JPMorgan has predicted that the market opportunity in the metaverse could be worth a trillion dollars annually in the next couple of years. Morgan Stanley is even more optimistic, saying in a note to investors that the metaverse in the future could be worth $8 trillion dollars in China alone¡ªeven if adoption may take ¡°a long time¡± because of technological and regulatory hurdles.
To invest in Metaverse Coin, you must choose an exchange.
Crypto exchanges are where traders can buy, sell, and convert cryptocurrencies. They are necessary for cryptocurrencies to be traded at the scale they are today. Some exchanges offer the most competitive prices or speeds, whereas others provide specialized financial products.
The world's crypto exchange.
Easiest place to buy and sell cryptocurrency.
The home of digital asset trading.
Cryptocurrency Derivatives Exchange.
Our Top Picks for Best Crypto Exchanges :
Coinbase - Best for Beginners
Binance.US - Best for Low Fees
Crypto.com - Best for Security
Why we chose it: We chose Coinbase as the best crypto exchange for beginners because of its easy-to-use interface, extensive educational material on everything from blockchain to volatility, and robust security features.
If you¡¯re familiar with crypto, chances are you¡¯ve already heard of Coinbase. The exchange is one of the largest and most well-known in the U.S., and its debut on the public market last year was seen by many as a legitimization of the crypto market.
The Coinbase platform does a great job of lowering the barrier to entry for investing in crypto, with a straightforward onboarding process that eases users into trading. At the same time, its interface makes navigating the platform and managing crypto a seamless experience.
Coinbase also features a comprehensive and accessible variety of learning materials. Users are encouraged to use these resources through the Coinbase Earn program, which teaches how to trade specific cryptocurrencies and rewards users with free crypto.
Lastly, the exchange¡¯s security features are worth mentioning: Coinbase uses two-factor authentication on all versions of its platform, stores 98% of customers¡¯ crypto offline, and has an insurance policy to protect crypto holdings of up to $250,000 (per FDIC coverage limits). Such robust measures are why Coinbase is ultimately worth it, despite the higher fees.
Users who enjoy Coinbase but would like more advanced charting and trading features may want to look at the company¡¯s other exchange platform, Coinbase Pro.
Why we chose it: We chose Binance.US as the best crypto exchange for low fees because it features one of the most generous fee structures across all the trading platforms we considered.
Binance is the world¡¯s largest cryptocurrency exchange by trading volume, and its domestic counterpart, Binance.US, offers many of its parent company¡¯s advantages. One of its biggest attractions is a competitive maximum 0.1% maker/taker fee. This fee starts low and keeps getting lower as your trading volume increases.
Binance.US also offers discounts for using the company¡¯s proprietary cryptocurrency (BNB) to buy and sell other coins.
For those who want to buy coins directly, many of the exchange¡¯s cryptocurrencies are purchasable with U.S. dollars, saving you money in conversion fees. This variety of discounts and purchase options benefits advanced users who may also enjoy the platform¡¯s comprehensive market dashboards and variety of order types, including limit orders, market orders, and stop limit orders.
Binance.US is not available in Hawaii, Idaho, Louisiana, New York, Texas and Vermont.
Why we chose it: We chose Crypto.com as the best crypto exchange for security because of its multiple layers of protection against crypto fraud and cyberattacks.
Most reputable crypto exchanges feature a solid cybersecurity infrastructure, but this is where Crypto.com really stands out. The exchange is ranked first in the Cybersecurity Ranking and CERtification Platform¡¯s top 100 exchanges by cybersecurity rating.
Crypto.com employs various techniques to keep users¡¯ cryptos secure on its trading platform, including offline cold storage for all crypto, regulated custodian bank accounts for traditional currency, and regular software peer-review. It also uses multi-factor identification with a password, biometric, email, phone, and authenticator verification.
In addition, its platform has successfully completed several penetration tests, which are simulated cyberattacks performed to evaluate system security, and has shown proof of its funds over the years.
But security isn¡¯t Crypto.com¡¯s only attraction. The exchange offers the largest selection of currencies among all the companies on our list ¡ª over 250 coins.
Other noteworthy features are its non-custodial DeFi wallet ¡ª which allows users to send crypto at their preferred speed and earn interest on tokens ¡ª, margin trading, prepaid visa cards to spend crypto, and crypto loans.