2019 and 2020 have been 2 big years for the cryptocurrency industry, as we have seen the brutal bear market of 2018 fade, and the beginnings of a new bull run starting to form.
Following the huge increase in attention and the number of traders flooding into the market in 2017, over the past 3 years the cryptocurrency market has ballooned massively with hundreds of new trading platforms launching their services during this period.
We're going to take a look at exactly what Bitcoin trading actually is, and the best prices online for Bitcoin trading in 2020.
What is Bitcoin Trading?
Bitcoin trading is the process of buying and selling Bitcoin using predefined strategies in order to generate profit, with repeated purchases and sales ideally leading to increases in profit.
Although during the earliest periods of cryptocurrency Bitcoin trading was limited to simple order types, relatively low levels of liquidity, and a lack of sophisticated trading platforms, in 2020 everything has changed, and today there are hundreds of cryptocurrency trading platforms providing a wide range of assets, instruments, and technological features.
Bitcoin trading is one of the most exciting ways to make money online in 2020, with millions of people flocking to cryptocurrency markets over the past few years in order to generate income and wealth from this new blend of the worlds of technology and finance.
The Best Places Online for Bitcoin Trading in 2020
PrimeXBT
PrimeXBT is one of the world's largest Bitcoin margin trading platforms, listing a huge range of crypto assets and digital assets, providing access to unique tools such as the platform’s Covesting peer-to-peer fund management module, and consistently being one of the cheapest trading platforms online to use.
Although PrimeXBT started out as a cryptocurrency-only platform, they have Incorporated a wide range of traditional assets from global financial markets including stock indices, commodities and forex pairs, as well as a wide range of crypto assets.
Being a margin-trading-focused platform, PrimeXBT provides leverage of up to 100x on all crypto assets, and leverage of up to 1000x on all traditional assets.
Trading fees are set at a low flat rate of 0.05%, being anywhere up to 10x cheaper than comparable major trading platforms, as well as having KYC-free trading - with registration only requiring an email address in order to protect users from having to breach their privacy.
Binance
Binance is a well-known cryptocurrency exchange that has used its native token, the Binance Coin, in order to grow its user base over the past few years of operation.
Binance has an easy-to-use interface, as well as a wide range of crypto assets to trade.
As well as this, Binance is widely seen as an innovator within the industry by continuously seeking to create and improve their products and features, and provide services to the crypto industry that are often not available elsewhere.
Saying this however, two major drawbacks of this platform are that only last year it was hacked to the tune of $40 million of the user's funds, drawing into question the platform security capabilities, and as well as this Binance is widely considered to be one of the most expensive cryptocurrency trading platforms to use, with trading fees much higher than other platforms.
All-in-all however, Binance is a good cryptocurrency trading platform to use and well worth a look.
In Conclusion
Bitcoin trading in 2020 is no longer a niche area of online trading, but instead it has grown into becoming a multi-billion dollar industry with people from all over the world trading Bitcoin every day.
Because of this, the size of the market has increased, as well as a number of trading platforms available for traders, and as a result it is more important now than ever to do thorough research into platforms before you decide to trade with them.
The suggested trading platforms we've listed above should be considered as a good starting point for any trader that is looking for the best Bitcoin trading platforms online in 2020.