Top 4 Cryptocurrency Investment Platforms in 2022
You may be wondering which platform to invest your idle cryptos, and are struggling to find a balance between operation difficulty and return rate. Here I have listed the top 4 reliable cryptocurrency investment platforms, each has stood out for a unique feature.
01. LuckyHash — best for earning interest
Why LuckyHash is on the list: LuckyHash is the best crypto wealth management platform for earning interest — its wealth management product features the highest return rate for stablecoin (USDT) among major platforms.
LuckyHash is a dedicated cryptocurrency asset management platform based in Singapore. Its asset management products have the highest APY compared to those of its peers.
It’s worth mentioning that despite they have high return rates, the tokens they support are mostly mainstream tokens. For instance, USDT savings APY as high as 65% (for new users, and up to 19.5% for all users), Filecoin savings APY as high as 90% (for new users as well). Therefore, LuckyHash is the best choice for USDT and Filcoin investors.
In addition to the high return rates, LuckyHash is also an aggressive activity host — it often holds activities that give investors extra bonuses on top of their interest gained. For example, they are holding the May Investment Contest now.
02. Coinbase — best for beginners
Why Coinbase is on the list: Coinbase has stood out not only for its easy-to-use interface, blockchain educational materials, security, etc. but also for its being the largest and most well-known crypto exchange in the U.S. Many regards its IPO as a legitimization of the cryptocurrency market.
Coinbase has been doing well at lowering its registration barrier, it has a simple registration process that allows everyone to trade cryptos easily. Coinbase also has comprehensive and easily accessible educational materials for beginners to learn. It incentivizes its users to trade cryptos using Coinbase Earn.
Coinbase is of high security — all the versions of Coinbase client use two-step verification; 98% of its clients’ cryptos are stored offline; and an insurance policy to protect escrow accounts up to $250,000 (subject to per-depositor FDIC coverage limits). Although Coinbase has relatively higher fees than its peers, its simplicity and security still make it competitive.
03. Binance.US — lowest fees
Why Binance.US is on the list: Binance.US is the best cryptocurrency exchange with low fees, it has one of the most generous fee structures of any trading platform we considered.
Binance is the biggest crypto exchange in the world in terms of trading volume. Its subsidiary in the U.S., Binance.US, inherits most of its advantages. One of its biggest eye-catchers is the 0.1% transaction fee. The fee is already low to start with, and it gets even lower as the user’s transaction volume goes up.
Binance.US also provides discounts for buying other tokens using its native token BNB.
Most of the cryptocurrencies can be bought directly on Binance.US using US dollars, which saves its users a lot of money. To those who want to purchase cryptos directly/ trade cryptos often, Binance.US is definitely the best option. Binance.US also offers convenient trading functions including margin trading and various order types including limit, market and stop-limit orders.
04. Crypto.com — safest crypto trading
Why Crypto.com is on the list: Crypto.com is best for crypto exchanging — it has multiple measures against crypto scams and cyberattacks.
Most reputable cryptocurrency exchanges have solid cybersecurity infrastructure, but this is where Crypto.com really stands out. The exchange is ranked #1 in the top 100 exchanges in the Cybersecurity Ranking and CERtification Platform’s Cybersecurity Rating.
Crypto.com has been taking various techniques to ensure its users’ asset security. Includes offline cold storage of all cryptocurrencies, regulated traditional currency custodial bank accounts, and regular peer software reviews. It also uses multi-factor identification of password, biometric, email, phone, and authenticator verification.
In addition, it has successfully completed multiple penetration tests, which are simulated cyber-attacks to assess system security.
Conclusions:
We are in the eye of a volatility storm — you can possibly earn big or lose big by speculating. But if you want your crypto portfolio to grow in a steady manner, USDT (stablecoin backed by US dollars, unlike UST) asset management is undoubtedly one of the best choices. On one hand, USDT is pegged to US dollars so there’s very little price fluctuation, on the other hand, the return rate of USDT savings is still much higher than that of bank deposit. Which platform do you prefer to invest your cryptos in?
Disclaimer
I have some Filecoin, ETH, DOT, ShiB. The Content is for informational purposes only, it is not investment advice. DYOR before making an investment.
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