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Top Cryptocurrency Business Accounts That You Might Want to Know

Top Cryptocurrency Business Accounts That You Might Want to Know

Since the inception of the cryptocurrency market, many famous business accounts have been launched and operated. Many of which have unfortunately stopped working or became obsolete, yet the market is constantly evolving, and new exchanges are always being launched and up and running. In this article, let's find out the top 5 high interest cryptocurrency business accounts you need to follow ASAP!

What Are Cryptocurrency Business Accounts?

A Cryptocurrency business account is where investors buy and sell Cryptocurrencies or other coins in different currencies or altcoins. This business account is an online platform that acts as an intermediary between buyers and sellers of cryptocurrencies.

Top Cryptocurrency Business Accounts

YIELD App

YIELD App is a crypto business account that provides a decentralized finance (DeFi) banking solution at scale. Designed for both retail and institutional markets, the YIELD App meets the needs of investors interested in digital assets. It also allows crypto users to take advantage of DeFi's "life-changing" opportunities without complicated protocols. The platform acts as a gateway for users to benefit from DeFi's high-interest yield while keeping their funds safe and protected.

The YIELD App platform aims to open the door to DeFi to anyone with a smartphone or internet access. Yield does all the heavy lifting, providing people with a simple and easy experience of investing beyond traditional stocks.

In fact, YIELD App claims to offer a guaranteed 12% APY and up to 20% when using Yield. With YIELD App, users are supposed to be able to accumulate daily interest without paying gas fees. Users receive significantly higher returns than traditional investment vehicles.

The platform generates profits through pooling user investments, then diversifying this collection across several DeFi platforms and pools. YIELD App uses a process to calculate which DeFi protocols to join for maximum profit and minimum risk.

YIELD App provides users with easy access to investing in DeFi using cryptocurrencies or traditional currencies. With this in mind, YIELD App is opening up a convenient path for new user referrals. YIELD App is designed to streamline the entire DeFi process into a few simple steps. Released through the TrustSwap LaunchPad, it is a strong contender for the future of DeFi.

Advantages

  • Returns higher APY
  • High profits
  • Take a rational approach to DeFi to minimize risk to users.
  • Managed by a team of experts in capital markets, fintech, cybersecurity, and blockchain technology
  • Assets are protected by industry-leading custodian BitGo
  • Strictly managed
  • Operates under a banking, securities, and asset management license to ensure user security
  • The YLD Insurance Fund provides further protection for the platform's audited security infrastructure.

Defects

  • Little volatility

Binance

If you are familiar with this crypto market, then you must have acquainted with Binance. Binance is known as a reasonably new Cryptocurrency business accounts, but it is growing very fast and becoming one of the major accounts in the world. You can buy and sell over 100 cryptocurrencies on Binance with competitive fees and fast withdrawals compared to other business accounts.

Advantages

  • Supports more than 610 trading pairs of many tokens and almost all types of tokens
  • Binance's ecosystem is extensive
  • BNB is a very widely used and utility coin
  • There are many products, and it is straightforward to transfer assets between platforms
  • Asset Protection Fund for Users (SAFU)
  • Easy-to-see interface
  • Low cost and almost no cost
  • There is a mobile app available
  • The transaction speed in Binance is very fast because the trading volume is very large, and there is no bot or fake trading volume.

Defects

  • Sometimes the business account is still a bit slow because of the sudden increase in transaction volume, partly due to the influence of the market
  • Due to a large part of the business account's reputation, hackers usually target it.

For example, after nearly three years of operation, Binance has suffered three attacks. The first time was in July 2018, and the hacker took away 96 BTC. And the second time, the hacker took advantage of the vulnerability of the attack API and took away 7,074 BTC. The last time was in May 2019, Binance was hacked 1 SYS = 96 BTC.

Huobi Global

When it comes to a competitor that can be perceived as a threat to Binance at the moment, I believe that Huobi is a very formidable opponent. Huobi has been launched more than six years, but at the moment, Huobi still loses to Binance by 1 level. However, with Huobi's development strategies, I think Huobi and Binance will still be each other's biggest competitors in the future.

Advantages

  • Supports over 540 trading pairs of various tokens
  • Wide range of products including Perpetual, spot, margin, DM, and OTC
  • HT is the utility coin of the exchange and is widely used in IEOs, reducing transaction fees and voting coins.
  • There are many products, and it is straightforward to transfer assets between platforms
  • Asset Protection Fund for Users (SAFU)
  • Vietnam support team and Telegram community
  • Easy-to-see interface
  • Effortless operation
  • Extremely enthusiastic support team on Telegram community group and website
  • There is a mobile app available
  • Extremely high security and has never had a hacking breach
  • Huobi's virtual currency transaction speed is also breakneck because Huobi's trading volume is also very high
  • Buying and selling operations and payment methods are elementary and effective

Defects

  • The 0.2% fee is relatively high compared to the common ground of today's business accounts
  • It has a lot of domain names that make users uncomfortable when accessing the website

OKEx

Compared to the common accounts, OKEx is now a large and trusted business account. OKEx was founded in 2014 and has invested millions of dollars from venture capital funds such as Giant Network Group, Longling Capital, Ceyuan Ventures, Qianhe Capital Management, eLong Inc, and VenturesLab (co-founded by Tim Draper).

Advantages

  • Safe transaction
  • There are many trading products
  • Low transaction fees, only from 0.1%
  • High volume and good liquidity on the top floor
  • There is also OKB which is a utility token and has its own chain
  • There is a mobile app available
  • Supports multiple trading pairs
  • Enthusiastic support team 24/24 and Telegram community
  • The transaction speed at OKEx is also quite fast
  • The security of the user's account, as well as the system, is excellent

Defects

  • OKB is available but not used to reduce user fees
  • The interface is relatively confusing and difficult to use
  • Funding transfers between platforms are a bit confusing
  • OKEx's activity level is not high

Gate.io

Gate.io exchange is old and one of the oldest in China. The business account was founded in 2013 with the first domain name Bter.com, under the leadership of CEO Lin Han. Gate.io is currently operated by Gate Technology Inc. Corporation, headquartered in Virginia, USA. However, the head office did move to PO Box 2804, Grand Cayman KY1-1112, Cayman Islands. As with most other cryptocurrency business accounts, the business account's trading mainly takes place on a website-based trading platform, combining the ability to place orders, record transaction history, and display charts. You can read more about crypto copy trading here. Plus, there's mobile app support for both Android and iOS.

Advantages

  • There are high-security requirements
  • There are many different trading platforms
  • Preferential commission policy
  • Nice and easy-to-see interface
  • There is an app on the phone
  • Long-standing and prestigious
  • Relatively fast transaction speed

Defects

  • The team information is minimal
  • The transaction fee on Gate.io is relatively high at 0.2%.
  • Despite extra security requirements, hackers continue to target Gate.io
  • The KYC process is much more complicated than other business accounts

Conclusion

The above article introduces to you the world's largest and most prestigious Cryptocurrency exchanges. We hope you will have a lot of helpful information, from which you can easily choose the best and exemplary Cryptocurrency exchange for you.

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