3 “Best” Exchanges to Buy Centrifuge CFG (May 2024)

Centrifuge is giving financial power back through the use of DeFi.  The main way Centrifuge looks to do this is through the tokenization of real-world assets.

By using Centrifuges flagship dApp, Tinlake, asset owners can turn previously illiquid assets liquid.  This is a process which sees real-world assets tokenized in the form of an NFT, which are then added to a ‘collateral pool'.  Investors then have the opportunity to fund this pool through the use of stablecoins.  In doing so, asset owners are now able to gain easy access to capital, without needing to sell off any holdings.  Investors on the other hand will be rewarded with a handsome return on funds allocated to the pool.

The following are a few examples of assets which can be tokenized through Centrifuge,

• Invoices
• Mortgages
• Valuable Goods

Overall, that this process does is allow for SMEs to gain easier access to the funding required for growth and development – something which is traditionally quite hard to obtain.

Making the aforementioned process possible are Centrifuge tokens known as ‘CFG'.  Not only are CFG tokens utilized for transaction fees on the Centrifuge platform, they provide holders with a variety of benefits such as voting rights.

Centrifuge makes use of multiple blockchains in order to provide the best experience possible.  While it function atop Polkadot, to ensure high speeds, the network bridges to Ethereum, tapping in to unmatched liquidity.

To learn more visit our Investing in Centrifuge guide.

We list the top 3 exchanges that offer the ability to buy Centrifuge (CFG) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).

1. Kraken

Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.

From humble beginnings, Kraken now offers over 200 digital assets including Centrifuge (CFG). For more sophisticated investors Kraken also offers futures and margin trading.

Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens.

The exchange offers trading access to over 190 countries including Australia, Canada, Europe.  While Kraken accepts residents of the United States (Excluding New York & Washington state), access to Centrifuge (CFG) is restricted.

Read our Kraken Review or visit Kraken.

2. KuCoin

KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading.  It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.

KuCoin currently offers Centrifuge (CFG) cryptocurrency trading as well as over 300 other popular tokens.  It is often the first to offer buying opportunities for new tokens.

USA residents are prohibited.

Read our KuCoin Review or visit KuCoin.

3. Gate.io

Established in 2013, Gate.io has grown into a reputable trading platform.  While it is not the most popular exchange, it provides users with an easy-to-use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including Centrifuge (CFG), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.

This exchange currently accepts Australian & UK residents.

USA & Canadian residents are prohibited.

Read our Gate.io Review or visit Gate.io