Best platform for crypto investment

gc747

Hi, 

looking at potentially investing in cryptocurrency of some sort… nothing serious at all maybe a couple of hundred pounds.. 

what is the best platform to use please? 

Thanks in advance  

flaneurs_lobster

Cant claim it's "the best" but my holding of 258.26 DOGE was easy to acquire and hold in Revolut. 

gc747

flaneurs_lobster said:

Cant claim it's "the best" but my holding of 258.26 DOGE was easy to acquire and hold in Revolut. 

Thank you 👍

Tolteca87

Been happy with Coinbase and eToro.

NithyaH

By ‘investment’ do you mean ‘speculation’?

silvercue

NithyaH said:

By ‘investment’ do you mean ‘speculation’?

Best performing asset class of the last decade.    Even looking at just the last 5 years S&P growth of 50% is dwarfed by 500% BTC growth.

caprikid1

"asset class" Asset ?

NFTs ?

silvercue

gc747 said:

Hi, 

looking at potentially investing in cryptocurrency of some sort… nothing serious at all maybe a couple of hundred pounds.. 

what is the best platform to use please? 

Thanks in advance  

If you want funds protected you could use eToro, but be aware that for all of their claims to not charge commission, they more than make up for it in their spreads.  Basically you pay more there for products.

Kraken is an excellent exchange with FIAT on ramp, so easy to fund with GBP.

Crypto.com is easy to fund and use but is App focussed, so if you are comfortable using phone it is fine.  Again, spreads are not as good as full exchanges.

Binance is also an excellent exchange, but sometimes they change the FIAT on ramp for UK users, sometimes there is a small charge.

Whatever method you use, I would suggest considering carefully what digital asset you buy.  Whether you want to leave on the exchange or take self custody and look at fees for withdrawing if you want to do that.  Different crypto's have different fees.

For context, I use all of the above and more.  However, I do most of my business on Binance and Kraken.  Full exchanges can be daunting for new users though.  Kraken have put a basic layer in front of their full exchange now, The full exchange is now called Kraken Pro.

flaneurs_lobster

silvercue said:

NithyaH said:

By ‘investment’ do you mean ‘speculation’?

Bets performing asset class of the last decade.   

Glorious typo

Malthusian

silvercue said:

Best performing asset class of the last decade.    Even looking at just the last 5 years S&P growth of 50% is dwarfed by 500% BTC growth.

By that measurement the best asset class of the last decade is the £1 raffle ticket that won me a bottle of wine last year, resulting in a 750% return in the course of an hour.

Punters' money in == punters' money out.

silvercue

flaneurs_lobster said:

silvercue said:

NithyaH said:

By ‘investment’ do you mean ‘speculation’?

Bets performing asset class of the last decade.   

Glorious typo

Haha - there is some sort of devious intent on this website!