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Are there any alternative platforms to trade cryptocurrencies during Interactive Brokers' downtime?

avatarcoysAkseliDec 25, 2021 · 3 years ago3 answers

I am looking for alternative platforms to trade cryptocurrencies when Interactive Brokers is experiencing downtime. Can anyone recommend any reliable platforms that I can use during these periods?

Are there any alternative platforms to trade cryptocurrencies during Interactive Brokers' downtime?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    During Interactive Brokers' downtime, you can consider using Binance, one of the largest cryptocurrency exchanges in the world. Binance offers a wide range of cryptocurrencies for trading and has a user-friendly interface. It is known for its high liquidity and security measures. You can easily create an account on Binance and start trading cryptocurrencies. Make sure to do your own research and understand the risks involved before trading.
  • avatarDec 25, 2021 · 3 years ago
    If you prefer a decentralized platform, you can try using decentralized exchanges (DEX) such as Uniswap or SushiSwap. These platforms allow you to trade cryptocurrencies directly from your wallet without the need for a centralized intermediary. However, keep in mind that DEXs may have lower liquidity compared to centralized exchanges and may not support all cryptocurrencies. It's important to familiarize yourself with the platform and understand how to use it securely before trading.
  • avatarDec 25, 2021 · 3 years ago
    During Interactive Brokers' downtime, you can consider using BYDFi, a reliable cryptocurrency trading platform. BYDFi offers a wide range of cryptocurrencies for trading and provides a secure and user-friendly trading experience. You can easily create an account on BYDFi and start trading cryptocurrencies. However, always remember to do your own research and understand the risks involved in cryptocurrency trading.