In recent years, traders who delved into the crypto market have realized its enormous value. Crypto coins are not only profitable, they are also a cheaper and acceptable method of online payments. Amongst other things, these two traits have drawn many investors to start spending on crypto coins.
Are you looking to start trading Crypto in Benin? If so, this article is for you. It discusses how to buy cryptocurrency in Benin city by introducing you to some top exchange platforms. Exchange platforms? What are they?
What are Crypto Exchange Platforms?
Crypto exchange platforms are those services or websites that provide users with all relevant tools for buying and selling cryptocurrency. These platforms enable users to convert from digital to fiat currency without stress.
There are several crypto exchanges out there. Because of their ease of use, they remain the best way to trade crypto. But which exchange platform should you use? Not to worry, as mentioned above, below are four top exchanges to help you buy cryptocurrency in Benin City.
4 Best Exchanges to Buy Crypto Currency in Benin City
1. Binance
Although this list is ranked in no particular order, Binance might as well be the most popular. This exchange gives users access to various crypto coins, including the well-esteemed Bitcoin. And its high-end features allow users to trade crypto in Benin with ease. As a result, Binance boasts over a hundred million registered users.
Pros
- Trading crypto on Binance is cheap because of its low fees.
- It allows you to trade in several digital currencies.
- It provides detailed chart options.
Cons
- It may not be the best option for complete novices.
2. Coinmama
Another friendly and well-known exchange is Coinmama. This platform aims to improve its users’ experience by providing them with a fast and safe service for buying crypto around the world. Yes, with Coinmama, you can purchase a crypto coin of your choice in Benin City.
Pros
- It is fast and secure.
- It is available around the globe.
- It offers several payment methods.
Cons
- The major disadvantage of Coinmama remains its high fees.
- Coinmama has no crypto storage. Hence, you can’t retrieve your coins if you make an error in your wallet address.
3. Kraken
Kraken offers users access to over 180 cryptos and supports over 190 countries. As such, it is one of the leading exchange platforms today. And it is also a good choice for buying crypto in Benin City.
Pros
- It is easy to startup.
- Its reputation makes it trustworthy.
- Kraken’s fees are low and reasonable.
Cons
- Its sophisticated interface might pose a challenge for beginners.
4. Bittrex
Bittrex has been in the crypto market since 2014 and has established itself as a rock-solid exchange platform. It is available to users across the globe, including Nigeria.
Pros
- Bittrex is widely known for its security.
- It offers fast transactions.
- It is dependable.
Cons
- Its customer support is limited.
Wrapping Up
Getting started with a crypto exchange platform requires no advanced skill set. All you need to do is choose an exchange and visit its website. After setting up your account, you may need to wait for verification. Once that’s done, fund your account and start trading.
Binance, Coinmama, Kraken, and Bittrex all offer impressive features and easy-to-use interfaces to take you through the process. Above all, they are well-designed to help you buy cryptocurrency from anywhere, including Benin city. And if you need assistance buying on any of these platforms, be sure to turn to a reliable crypto trade partner in Benin.
