The global cryptocurrency market is leading up to what looks to be the next major bull run event where we could see the price of Bitcoin skyrocket to $100,000 per coin or more, and around the world crypto investors and traders are getting ready for this once every 4-yearly occurrence.
Irish traders over the past few years have been treated to a range of new crypto platforms that have entered the market and that bring with them better tools and a more optimal way of being able to buy and sell cryptocurrency.
This guide breaks down the Irish cryptocurrency market, and in particular, the best crypto platforms for Irish investors in 2021, starting with a look at the kinds of crypto platforms Irish traders like in general, and then moving on to a more detailed look at the 3 best crypto platforms on the market.
2021 is a Big Year for Irish Crypto Investors
2021 is a very significant year for cryptocurrency traders and investors being that we may well be in the midst of what looks to be the most recent bull run, with the previous bull run in 2017 seeing millions of users around the world generate significant amounts of profit during the same period.
Irish investors in particular have seen the local market expand significantly over the past few years, and in 2021 there are more choices than ever in Ireland for engaging with the cryptocurrency market in order to generate an income.
It's likely to be seen that this trend continues throughout the following years as well, as Ireland is gradually becoming one of the leading hubs for cryptocurrency investing and trading around the world.
What Kinds of Crypto Platforms Do Irish Traders Like?
There are a few important considerations for Irish traders and investors when selecting a cryptocurrency platform including the ability to trade with the lowest fees possible, high security throughout the platform to ensure the safety funds and data, as well as a range of tools and features to use to interact with the crypto market.
Other considerations such as the number of listings that are available on the platform, as well as a variety of different asset classes that can be accessed play a big role in the decision making process for Irish investors as well.
Fortunately, over the past couple of years the number of options available for Irish traders and investors has ballooned as the size of the Irish market has increased and been targeted by international trading platforms, as well as local platforms.
3 Best Crypto Platforms for Irish Investors (2021)
- PrimeXBT
PrimeXBT is fast becoming a favorite of Irish investors following its launch in early 2018 with a waiting list of more than 150,000 global traders and it's rapid growth over the past few years to managing up to $3.6 billion worth of trade every day.
PrimeXBT provides our services with the lowest trading fees of any major cryptocurrency trading platform on the market at a flat rate of 0.05% across all asset classes and trade sizes.
PrimeXBT is also renowned for being one of the most secure platforms on the market and as such has not been hacked to date, with this largely being as a result of implementing a range of bank-grade security features including hardware security modules with rating of FIPS PUB 140-2 Level 3 or higher and mandatory Bitcoin address whitelisting.
Irish investors can also enjoy one of the most diverse ranges of asset listings of any major crypto trading platform with PrimeXBT providing a range of the world's leading crypto assets including BTC, ETH, XRP, LTC, and EOS, as well as trading and investing on some of the world's leading traditional assets like stock indices such as the S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD, and commodities such as gold and oil.
- Binance
Binance is another major crypto trading platform that has shot to prominence following its launch in 2017 and the release of its native cryptocurrency, the BNB coin.
Binance is a crypto-only trading platform which means that it doesn't list any traditional assets or fiat trading pairs, with this being somewhat restrictive for investors that are looking for more opportunities to be able to access.
Saying this however, Binance does provide many cryptocurrencies to invest into and a solid trading platform to be able to use to interact with global cryptocurrency markets.
- Coinbase
Coinbase is one of the longest standing and most well-known crypto trading platforms on the market and has branded itself as a professional platform for institutional investors such as hedge funds.
Coinbase provides a robust platform that has good security and a solid trading engine and also provides access to its exchange, Coinbase Pro.
However, Coinbase does charge some of the highest fees in the cryptocurrency market with this being somewhat prohibitive for many retail traders and this being a significant drawback to an otherwise solid platform.
In Summary
In 2021, Irish traders and investors are spoilt for choice as they look at a range of new platforms in the market which provide advanced services and features that were previously not available.
As the size of the Irish market grows, so will the opportunities to be able to generate profit in innovative ways, with the platforms we have mentioned providing access to many powerful new ways of trading.
If you would like to learn more about these platforms and how to get started with them, check out PrimeXBT, Binance, and Coinbase.
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