Bitcoin. Litecoin, Ethereum. The cryptocurrency area is exploding and trades are the gateway. Additionally, you seem such as jumping on the train from the mysterious world of cryptocurrencies and receive your USD, EUR or GBP converted to Bitcoin or even Altcoins. Firstly, you will have to discover a cryptocurrency exchange for this purpose. Then, the following query – that is the best cryptocurrency exchange? .
This question became paramount in the minds of the cryptocurrency users and investors, since the news and reports of the failure of the cryptocurrency exchange itself occasionally such as MtGox, the bankrupted exchange, and much more frequently, the violation of the security of cryptocurrency exchanges themselves, also.
Theft of cryptocurrencies owned by individuals just like you. It isn’t a simple task to determine the one best exchange for. Cryptocurrencies, that will fulfill all of your requirements and sort out all. Problems associated with cryptocurrencies.
To find out best Bitcoin/cryptocurrency exchange, we need to look after these factors before buying or selling:
- is the website trustworthy? does it loo safe?
- Does it have High liquidity.
- is the Transaction fee percentage fees and spread feasible?.
- transparency of exchange
- various platforms to buy Bitcoin with PayPal, credit card, etc.
- Good ratings.
Coinbase is considered by many as the best exchange for cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. It’s own affiliated wallet with Android and iOS programs. A few of the users have complained of privacy violations. Coinbase was founded in 2012. It’s headquartered in San Francisco. It helps the users to make repeating purchases to spend in various cryptocurrencies. It’s probably the most renowned cryptocurrency exchanges on earth.
Bittrex is Las Vegas, US based and regulated exchange. It gives trading in several cryptocurrencies, tokens and newer coins. It supports more than 190 cryptocurrencies. It gives speedy transactions, higher stability, and follows several hazard management practices.
Kraken is among the best Bitcoin/ cryptocurrency exchanges. It provides credibility, higher security environment, a few legal compliance, and advanced order forms like stop loss orders. Additionally, it supplies high liquidity, low fees, fast financing, margin trading, etc. It’s uptime problems occasionally. It had been founded in 2011. It’s headquartered in San Francisco.
BitFinex claims to be the biggest and the most advanced Bitcoin trading platform.It provides fast transactions between many cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ethereum Classic, Ripple, Dash, Monero, Iota, and Zcash. It gives high security, margin financing, leverage trading, and advance order types. It gives programs for Android and iOS as well. It had been also impacted by hackers. It had been founded in 2012. It’s headquartered in Hong Kong.
CoinMama is straightforward to navigate and it does not require initial cryptocurrency. You may use normal cash for purchasing cryptocurrencies. CoinMama covers about 200 nations, more than the majority of the other Bitcoin/cryptocurrency exchanges. It’s headquartered in Virgin Islands. CoinMama is straightforward to navigate and it does not require initial cryptocurrency. You may use normal cash for purchasing cryptocurrencies. CoinMama covers about 200 nations, more than the majority of the other Bitcoin/cryptocurrency exchanges. It’s headquartered in Virgin Islands.
Gemini Exchange is a NY, US based trade. It only trades 3 currency! US dollars, Bitcoin and Ethereum. It fees. It gives high security and compliance, ultra modern cold storage system that stores info off-the-shelf, access controls, and multi-factor authentication.
Bisq is a personal, and p2p Bitcoin/cryptocurrency exchange. It’s an open-source cryptocurrency market and easy to use. It uses high degree of encryption. It allows you to get with no registration requirement. Bisq has low fees. In addition, it offers arbitration.
Bitstamp is a Bitcoin/cryptocurrency market with rather large volume. It delivers a lot of liquidity. It’s quite easy to use interface. It’s got improved security features. It had been set in the year 2011. It’s headquartered in Luxembourg. Bitstamp is also known for accurate prices.
You’ll find the foregone analysis rather useful. But, it’s better that you do your own research before undertaking any transactions and judge the suitability of the trade taking into consideration your individual requirements and characteristics like your risk appetite, fees, safety, etc..
CEX.IO features security, higher liquidity, and cross-platform trading. It also provides lower fees, margin trading, nearly 100% uptime, etc. It’s headquartered in London, UK. It had been impacted with a little hack long back. It’s high number of confirmed accounts.
LocalBitcoins offers a p2p (P2P) exchange. It allows users to trade among themselves separately. It provides reduced fees. It also offers a resolution system, a rating system for traders, etc. It allows users to post a quick purchase or speedy sell ad on the market platform. It’s among the best cryptocurrency exchanges for peer to peer trading.
I’ll update this post as I find other trustable and feature-rich cryptocurrency exchanges. For the time being, you can consider joining our Telegram channel to remain updated with all the latest information.
I hope these insights assist you in picking out the best cryptocurrency market for you to use.
However, one word of caution:
Don’t even use these exchanges as a wallet to HODL your cryptos.
If you’re storing cryptocurrencies on these exchanges for a few hours or a couple of days for the sake of trading, then it’s likely Okay. Otherwise, this is a bad practice.
So now it’s your turn to tell me Which one of those exchanges do you like the best? In addition, what’ s another great exchange I harbor’t listed here? Allow me to hear your thoughts in the comments below!