If you’re getting involved with gold-backed stablecoins, it’s important to have some reliable exchanges in which to trade them. You’ll want a platform that offers tons of trading features for automating your orders, for instance. On top of this, they need to support reliable, smart gold-backed stablecoins – not scam ones. They should also provide a wallet for you to store assets on in between your trading.
In this post, we’ll break down three great websites you can trade your gold-backed stablecoins on.
Gold Exchange is a platform for trading its unique Goldcoins. These are stablecoins you can purchase with a debit or credit card – a feature some exchanges certainly lack. Most of them require a bank transfer or some other more difficult way to fund your account.
The platform offers stop loss and buy limit features to enhance your trading experience as well, among others. It’s an exchange designed by traders with over twenty years of experience in the industry. Due to this, there is multiple quality of life adjustments to help you out.
On top of all of these features, Gold Exchange allows you to invest anonymously. Most platforms require you to verify your identity, which can be a time-consuming process. This limits you from even trading on the same day you create an account.
When it comes to Gold Exchange, there aren’t many other platforms that can compete when it comes to trading gold-backed stablecoins.
The world’s largest cryptocurrency exchange, Binance allows you to trade various gold-backed stablecoins as you please. This platform is compatible with hundreds of cryptocurrencies, some of which you can trade with your gold-backed assets. That allows you quite a bit of versatility when trading.
Binance is relatively easy to sign up on, though it requires you to verify your identity which takes time. On top of this, the platform requires you to link a bank for payments and trades at first. Generally, it takes a few days after signing up before you can make any moves.
However, note that you can learn quite a bit about cryptocurrencies on Binance. The platform features an extensive Learn program with tons of documentation on the different industry aspects. There are also features similar to other platforms like buy orders, stops, and more.
Finally, Binance also contains its own stablecoin, BNB, which you earn by trading and can invest in as well. The asset helps make trading fees much cheaper than they initially appear. This is a popular stablecoin, held in the top ten on CoinMarketCap due to the platform’s popularity.
Coinbase is an American exchange based in San Francisco. The platform is arguably the most popular one for mainstream users, while Binance is considered one for more hardcore traders.
Founded by Brian Armstrong, Coinbase is famous for its limited selection of cryptocurrencies. That said, it’s a great space to trade some top gold-backed stablecoins, though with some fairly high transaction fees. Unlike Binance, Coinbase doesn’t have a stablecoin to help with fees.
The platform does include an extensive Learn platform with documentation, similar to Binance’s in a way. It also contains a wallet for you to store your assets. However, it isn’t recommended to keep them there for long.
Otherwise, Coinbase offers a fair amount of trading features such as graphs, buy stops, limit orders, and more. There’s even a Coinbase Pro platform for more professional traders as well. It’s a fine selection for trading your gold-backed stablecoins.
Hopefully, you now have a bit more knowledge regarding exchanges to trade gold-backed stablecoins on. As mentioned, you’ll want to be sure these platforms have the proper features for your trading experience. It’s important to do your research and see which one fits your trading policies best. Good luck trading.