Lately, I have been doing a lot of research on this. I like Coinbase the best so far. It gets good reviews, seems pretty intuitive and simple. If you want to start investing in Crypto I would suggest starting with a Coinbase account. If you use this link supposedly we will both get $10 free. It looks like I did get $10 for signing up.
https://www.coinbase.com/join/3FCPIU
I started out buying $1500 of Bitcoin in Coinbase. You can set up a bank account so you can buy directly from your bank account. Some of the other trading platforms don't allow direct transfers from banks so it's handy. It takes a few days to get your bank account set up. They do 2 deposits of a few cents to your account to validate that the account is real and you own it. Once set up you can click the "Buy/Sell" button and buy Crypto using your bank account. I have a bank account that I just use for online stuff like Paypal and such and don't keep a lot of money in it.
I watched a video on Youtube about Crypto loaning and wanted to see how that worked. So I signed up for an account on the KuCoin platform. The KuCoin trading platform seems to be a good one for loaning if you're not doing transfers greater than $1500. You can't buy crypto with a bank account on KuCoin so I transferred about $1300 of my Bitcoin from my Coinbase account. Then I traded my Bitcoin for USDT and made it available in the loaning pool. One person borrowed it for about a day and I made next to nothing. The loaning rates are really low right now so I pulled it out of the pool and bought ETH - Ethereum.
Now as luck would have it ETH went up today and I made a litttle. Here's what each platform looks like...
Any thoughts? I'm betting the stock market is going to keep going up a little longer but I also think all the money printing and inflation is going to catch up and the stock market is headed for a big downturn. I have a gold miner hedge on my 401k but I'm noticing on the down market days even gold is down so it's not really helping. During the COVID crash, the hedge didn't help at all. Most of the Crypto's are down quite a lot right now so maybe it's a good buying opportunity.
Granted, this is an odd product review but maybe we can buy more guns to review if we make tons of money buying Crypto.