5 Crypto Platforms with Unique and Powerful Features (2021)

The diversity of opportunity in the cryptocurrency space is expanding at a rapid rate as more innovation is being pumped into cryptocurrency trading platforms and the tools that are used by crypto traders every day in order to interact with the market profitably.

What are many cryptocurrency trading platforms which are essentially cut and paste copies of each other and bring little in the way of innovation to the way that they users are able to use them, there are also many crypto trading platforms that provide unique opportunities to be able to use their tools in order to open up new ways of generating an income and interacting with the cryptocurrency market.

In this guide were taking a look at five crypto platforms with unique and powerful features in 2021, starting with a look at what crypto platforms are and then moving on to look at five platforms with unique and powerful features that are available to cryptocurrency traders that would like to optimize the way that they trade and invest in cryptocurrencies.

What are Crypto Platforms?

What are Crypto Exchanges?

Crypto exchanges are similar to stock exchanges in that each offer trading tools and graphs with which investors use to speculate the value of assets which in this case is crypto, crypto exchanges let traders buy and sell from a pool of coins that vary from one platform to another with trading tools that vary too.

Most crypto exchanges such as Binance and Coinbase operate as both an exchange and wallet that allow investors to store the assets they purchase which simplifies the management of assets, these wallets act similar to traditional checking accounts in that they can be used to either store or transact holdings.

Cryptocurrency exchanges have greatly evolved ever since the first crypto trading platform came to exist in 2010 and has since brought more confidence and credibility to the market as many are now licensed and regulated by governing bodies to ensure fair trading environments for users, crypto exchanges offer many more trading features than infant-era platforms and are now used by even institutional investors.

These exchanges are peer-to-peer marketplaces where traders buy and sell digital currencies using fiat currencies or altcoins with some such as Coinbase supporting credit and debit cards as a funding source, crypto exchanges act as intermediaries between customers and the markets they trade on and because they are decentralized are accessible to people in all parts of the world.

What are Crypto Brokerages?

Crypto brokers are firms or individuals and intermediaries of crypto markets that facilitate the buying or selling of cryptocurrencies on behalf of customers, investors using such a service will purchase crypto at prices that are set by the broker and not the market though broker-sold coins are usually similar in price.

Cryptocurrency brokerage services are mostly used by beginner traders and investors that want to enjoy the conveniences of not having to manually execute trades, while brokers do charge fees that often are adjoined by marginally inflated asset values, they do make investing considerably easier for customers.

Crypto brokerage services in many cases will sell customers coins that they do not own though will open positions based on orders as they are received, some also purchase assets in large quantities which they resell to customers at higher rates in order to secure profits but to make staking easier for clientele too.

Broker-associated fees vary from one service to the next as well as the asset types they allow customers to purchase, and despite them being legally permitted to set any asking price they choose often base all values on the rates of competing brokers in order to maintain demand and fairness to investors.

5 Crypto Platforms with Unique and Powerful Features

PrimeXBT: High Leverage and Covesting

PrimeXBT is one of the most innovative cryptocurrency trading platforms in the market in 2021 and even the way that PrimeXBT entered the market was a sign that it will be a bastion for innovation in a market that had grown quite stale at the beginning of 2018.

When PrimeXBT launched it brought with it a range of advanced margin trading tools and services that had not been seen in the cryptocurrency market at that point, with a majority of the margin trading platforms in the crypto space at that time being relatively rudimentary and having a limited scope for being able to generate profit in a range of ways.

However, PrimeXBT provides industry-leading leverage of up to 100X on a wide range of different cryptocurrencies that included BTC, ETH, LTC, and EOS, as well as up to 500X on some of the world's leading traditional assets like stock indices such as S&P500 and FTSE100, commodities such as gold and oil, and forex pairs such as USD/EUR and AUD/CAD.

PrimeXBT also provides access to Covesting, the world's first form of cryptocurrency based copy trading and one of the most innovative and powerful ways to be able to interact with the cryptocurrency market with it allowing for users to be able to partner with some of the leading traders in the cryptocurrency market and to allow them to invest that capital into trades that may have a higher chance of being successful and that can dramatically reduce risk in the process.

Binance: Financial Tools

Binance is one of the most credible popular in the world of crypto trading and since launching only four short years ago has risen to prominence as one of the most trusted and feature-rich exchanges, having high market liquidity and expansive financial products suitable for various market conditions it is now a platform useful to beginner and seasoned traders alike.

One of the most powerful features a crypto exchange could offer customers is the ability to become more profitable which Binance is known for providing, this is possible with their Binance Futures and margin trading financial products that let users leverage up to 125x.

As a Binance account holder, it takes only seconds to create a margin account which can be funded using currently held assets or via another funding source that now includes credit/debit cards and wire transfers too, the ability to margin trade leveraging exchange liquidity is a powerful tool enabling users to create positions in values greater than cash holdings.

Binance is also known for being one of the lowest-fee exchanges in the market with trades costing only 0.1% that decline to become even lower when using Binance Coin (BNB) to facilitate the opening/buying of positions, this is their inherent coin that not only reduces fees but lets users retain more profits.

Coinbase: Coinbase Earn

Coinbase Earn is operated by Coinbase which is a crypto exchange serving crypto traders since founded in 2012, as one of the first crypto exchanges in the market and as a regulated platform having millions of users and high liquidity across trading pairs it is a solid choice for traders of all experience levels.

Coinbase Earn is a powerful and platform-unique feature that enables users to learn about various coins while in the process earning compensation paid out in the crypto they are learning about, Coinbase Earn is a subsection of its site and is an educational resource of lessons that users complete for rewards.

This is a great feature for all users and especially beginner traders as it not only gives people the ability to earn cryptos but the opportunity to learn about them as well, this is powerful as you are not only paid for your time but for learning about coins you may have never heard of which may one day become part of your portfolio and recognized gains.

Coinbase is a valuable exchange to its users as they have one of the easiest acquisition processes of any exchange in the market which is one of their greatest advantages over competing exchanges, and given that you can earn various cryptocurrencies from education content is great for newcomer traders too.

Uniswap: No Custody of Assets

Uniswap is a popular exchange and unique to others as they replace order books in favor of the market maker concept to allow one crypto to be converted into another quickly, this is done by linking a wallet and selecting a coin from one of the hundreds of coins that can be converted.

Once the input coin is set and the output coin is selected the conversion will begin and when done will automatically update the wallet balance of the user, this platform processes billions of dollars per day in requests and is known for being a feeless conversion solution thanks to being an open-source exchange.

Its open-source technology is perhaps its most notable feature as compared to centralized exchanges they are not profit-driven and do not charge users to create or list tokens, which users can do for free on Uniswap though this requires users to stake Ethereum during which the value of launched coins are set.

Uniswap is powerful for visionary developers as its open-source platform allows anyone to copy the code which can be used to launch decentralized exchanges of their own, even more is that users are able to maintain control of their funds at all times instead of forfeiting control of their private keys to centralized exchanges where orders are more costly and time-consuming.

Kraken: Good Security

Kraken is a name that since launching over a decade ago has become synonymous with crypto trading investors and as a regulated exchange provides great security to users, they also support four different fiat currencies in addition to an expansive list of tradable coins that can be bought using other cryptos.
They have an excellent reputation and are well spoken of by users in crypto communities across the net with the words 'reliable' and 'trustworthy' being common terms used to describe the platform, this is no surprise though given their protocols and dedicated security team which together has positioned Kraken among the few remaining exchanges to never be hacked.

Licensed and registered and regulated by United States law the exchange now complies with the most stringent of policies to ensure safe and secure trading environments for customers, which they achieve with the help of bank-grade hardware/software and encryption technology implementation to protect the data and funds of their users.

Kraken is headquartered in San Francisco, California and is one of the largest Bitcoin exchanges with one of the highest trading volumes and liquidities, they also offer an advanced trading platform that comes complete with OTC and margin trading options to let users leverage all market conditions for profits.

In Conclusion

PrimeXBT, Binance, Coinbase, Uniswap, and Kraken are five of the most innovative crypto trading platforms in a sea of hundreds, and each one of these platforms brings with it a unique way of being able to interact with the market that can lead to optimize outcomes such as the dramatic reduction of risk and the ability to generate profits in new ways.

When interacting with the cryptocurrency market it is important for traders to look for new opportunities and new tools that might become available because of the significant benefits of using some of these powerful tools, as well as the benefit of exploiting strategies that are not yet saturated, as many strategies within the cryptocurrency market already are.

If you like to learn more about the five platforms that we would recommend if you're looking for powerful and innovative unique tools, check out PrimeXBT, Binance, Coinbase, Uniswap, and Kraken.