Now, being a so-called youtuber for the past, three years means a lot of companies reach out to me on a day-to-day basis, asking me to try out hundreds of new apps and platforms to review. I've risked my time and hard earned money by trying out some of these exchanges in order to see what the best ones these days are like. So if you're interested in buying selling and trading cryptocurrencies and you're, not exactly sure which platform is the best you'll have a full understanding on the top crypto trading apps. You can get started today completely for free before we get started.

If you enjoy learning about investing finance and cryptocurrencies drop a like on this video, so youtube recommends you more educational content on your home page. Just like this one look follows my saying: is this the more you consume, the smarter you become and ultimately, the more rich? You will be so make sure you watch this video make sure you like it and let's get started so the overall best crypto trading app for beginners is going to be coinbase. Now this platform won't be the absolute best for any type of professional. However, if you're just getting started out, i believe this is going to be perfect.

So coinbase was first founded in 2012 and is a fully regulated and licensed cryptocurrency exchange supporting all u.s states except hawaii, while the crypto industry itself has been exposed to fraud, hacks and a lot of shady work. Coinbase has done an exceptional job in avoiding any controversies and are on their way to being listed on the nasdaq public stock exchange this april 14., in order to even have a set ipo, these companies need to go through intensive review by the us securities and exchange Commission also known as the sec, which effectively was passed april, 1st 2021. So at the time this recording was literally yesterday. Coinbase currently offers over 50 cryptocurrencies to choose from in investing trading or staking, and they rank among the highest liquid exchanges and offers some of the best insurance within the industry.

The process of buying crypto with coinbase is so easy that if you know how to venmo someone or you have done an online purchase before you can easily purchase crypto on coinbase as well, the way this works is they allow you to connect. Your bank account via ach transfer, wire transfer or even adding your debit card. They do this through a service called played, which is connected to some of the biggest fin deck products in the space like venmo betterment, american express acorns and even fannie mae. Although coinbase sounds incredible up until this point, they do have their own flaws as well.

To begin, coinbase does charge some fairly high fees in comparison to other competitors in the space. However, they don't charge any monthly membership fees that you need to worry about. According to coinbase, these fees are based on your location, payment method and other circumstances. Depending on your profile, i've noticed from my account if i wanted to deposit a thousand dollars, they would take a 14.68 fee from my deposit or, if i just want to deposit a hundred dollars into my crypto wallet, they would incur a 2.99 fee.

On top of that, coinbase users don't have full control over their keys to their crypto. Now, if you don't know what this means listen up, if it's not your keys, it's not your coins. Let's talk about why that matters, so this term refers to needing your own private keys associated with your funds. The person owning the private keys is the one who ultimately decides how that crypto asset is spent.

If you don't own the keys, you are trusting the third-party platform, in this case, coinbase to properly manage and secure their database. Another way to imagine this is that your keys are similar to your bank account number and it's the receiving address for your crypto. If you want to be in full control over your own money and not have to trust a third parties, you definitely need to consider picking up a hardware wallet known as cold storage, which gives you your own set of private keys. That can transfer your coinbase account to offline.

By having your own keys, you fully own your coins and can enjoy financial freedom, but also keep in mind that having your own keys comes with a heavy responsibility, and you need to ensure that you don't ever misplace lose or forget your seed phrase. If someone ever has access to them, you could possibly lose all of your crypto. I personally use a nano ledger x in order to store my crypto offline. This is an essential tool that i recommend everyone to pick up.

If you are looking to invest on the topic of security when it comes to coinbase, they also allow you the option of adding a two-factor authentication key with a physical security key. So normally most people just use their phone for text, message, validation or even an authenticator app. But if you want the most amount of security, picking up a physical key is also extremely important. I personally use something called the yubi key, which is the one that they're affiliated with, and you must physically push that button in order to log into your account now, like i mentioned earlier, while coinbase offers incredible, simple benefits to use, they also created another big brother And less mentioned version known as coinbase pro to help out with some of their disadvantages.

If you imagine coinbase to be like high school, just imagine coinbase pro kind of like graduating to college, so just like the regular coinbase app coinbase pro is completely free to use. However, it offers a much more sophisticated, charting and trade experience in addition to lower fees due to a separate backend process known as the maker taker fee model to explain this better. I actually found an article to share with you from coinbase's help section. So, let's just go over that now they state in the paragraph on screen that coinbase pro uses a maker taker fee model for determining its trading fees.

Orders that provide liquidity maker orders are charged different fees than orders that take liquidity. Fees are calculated based on the current pricing tier you are in when the order is placed and not on the tier you would be in after a trade is completed. When you place an order at the market price that gets filled immediately, you are considered a taker and will pay a fee between point zero, four percent and point five percent. When you place an order which is not immediately matched by an existing order, that order is placed on the order book if another customer places an order that matches yours, you are considered the maker and will pay a fee between zero percent and point five percent.

When you place an order that gets partially matched immediately, you pay a taker fee for that portion. The remainder of the order is placed on the order book and when matched is considered a maker order. You pay a maker fee for the remaining portion of the total order, while the standard coinbase platform is great for beginners. If you want to level up and invest with lower fees, i recommend eventually moving over to the pro version.

Now this next platform is going to be known as crypto.com and crypto.com has nearly double the amount of available cryptocurrencies for exchange and offer 20 plus fiat currencies that you can link to your account as well. They were first founded in 2016, with their headquarters based in switzerland and other offices in hong kong and singapore, with over 10 million users buying and selling 100 plus cryptocurrencies at true cost. Now the main benefit with crypto.com. Is that because they're not based out of the us they'll have many more coins that you can invest in that coinbase would limit you to, in addition to that, one of their main products is their crypto.com visa card, and in order to get this card you just Have to sign up for the platform and they'll, send you a midnight blue card, which is a starter card that allows you to make purchases using your crypto balance now, in order to get additional cards like the ruby steel or the royal indigo, the one i have Or icy white and obsidian, you must stake a minimum amount in cro to get approved for the card staking your crypto means holding that account in your crypto.com wallet for a period of six months based on the past performance and chart of how the cro token has Been performing, it is more than likely that your stake will increase in value in addition to the interest you earn during that period of time.

So, essentially, if you're trying to get the crypto.com visa card, which i personally love you're, putting your money into a cryptocurrency that is then tied into a similar concept of a savings account that gives you interest on your deposit. Once you get your debit card, you can find additional benefits on there like free spotify, free netflix or even free amazon, prime, depending on how much you stake. I also do need to mention that you do need to keep into consideration that staking your crypto also does come with its own risk. But if you do find value in the card tiers, i would recommend you to get started as soon as possible and learn more about the entire process.

Now so far up until this point in the video we've talked about coinbase coinbase, pro and crypto.com, and overall having multiple brokerages is great, just in case, one ever goes down for maintenance or you're unable to find certain coins to trade with. This is why i'm also going to mention gemini, another exchange that was created by the almighty winklevoss twins that you may have heard of back in 2014, based out in new york city, so gemini works the same way. Most of these other platforms do, but i would compare it more on the par of coinbase. Gemini offers both a mobile, app and website where you can access the platform in addition to 50 plus cryptocurrencies, some that are unique to just gemini that aren't available on coinbase or crypto.com.

I'm not going to focus too much on gemini in this video they're a secure platform. They do a great job, but there are hundreds of these out here and i just wanted to list them as an alternative. Just in case, you already had an account with coinbase or crypto.com, and you were looking for something else now. The fifth resource i'm gon na mention in this video is block fi, so block fi is a little different from the other platforms we just mentioned.

So these guys were founded in 2017 out of new jersey and it's a platform where you can send your crypto to and earn compound interest on the side. Blockfy gives you up to eight percent on your crypto without having to stake it or lock it up. Like some of these, other platforms require blockfy. However, you get one free withdrawal per month, so it really is comparable to a fiat.

Currency savings account and it's super simple to use and you can earn a moderate amount of interest on your investment. Literally just know your block, fi transfer wallet address, have whatever platform you have send it over to block by and bam you're earning interest on your investment right there. So, to give you a real life example of how much money would be worth over time, if you have ten thousand dollars worth of bitcoin sitting in your block by account and you're receiving eight percent back, you would have earned 800 in a year without doing anything. Extra at all, alongside that, your interest grows with the current market price of whatever crypto you're invested in.

If we fast forward a year later, i do bet that bitcoin will be much higher than it is today. Now, look if you're watching this video till the very end, and you want to pick up some free, bitcoin and crypto. Here's what you need to know make sure you use the links down below in the description when signing up for any one of these apps with coinbase. If you deposit a hundred dollars they'll give you ten dollars in bitcoin, keep in mind, you can withdraw that hundred dollars or choose to invest it for a few days weeks months.

Whatever you want to do, but regardless they'll give you that ten dollars as soon as you put in a hundred dollars, keep in mind that hundred dollars is not going anywhere unless the entire market comes to a collapse which, i doubt would happen on top of that Crypto.Com is going to give you 25 if you sign up using the link and get the ruby steel card by staking 400 with them previously in the past, they didn't have the staking requirement. You could actually get 50 instead of 25 as well too, and this recently came to my attention i didn't realize people had to do that before signing up so make sure that you completely read that fine print before looking into applying for it. But i've been using crypto.com forever and i absolutely love what they're doing on top of that. Blockfy is another app that we mention, and they will give you up to 250 back depending on how much you transfer into your account.

Next, i also have links for the nanoledger x, the cold storage wallet that i use alongside the ub security key as well. The links down below in the description will give you the best possible offer at the time of this recording all while supporting this channel. If you choose not to use those links, that is completely okay, just make sure that you're able to find any type of link. That's going to give you some type of bonus when signing up don't forget to subscribe to this channel if you enjoy the content.

Follow me over on igi credit brian, if you'd like to keep up with my everyday life like why i'm suddenly wearing glasses posted on my ig getting lasik surgery soon, so i got ta be in these have a great day guys subscribe to the channel. If you have not yet already and other than that peace out.