Cryptocurrency not only provided the fastest way to transfer money, but it also gave a new entity to trade and make money away from stocks and other commodities. While you can buy and sell Bitcoin directly, you can also use Bitcoin trading exchanges to continue your cryptocurrency trades. There are a lot of exchanges where trading Bitcoin is safe and secure, and clients are facilitated by many extended services. As an investor or trader in cryptocurrencies, you can choose any of the exchanges for your convenience. However, it is recommended that you peek at some of the reviews before canceling the subscription. Here is a brief review of the most important bitcoin exchanges around the world.
CoinBase: It is possibly one of the most popular and largest bitcoin exchange with the possibility of dual trading directly and through the wallet. CoinBase was founded in 2012 by researching the Y-Combinator project and has since grown rapidly. It has many lucrative services like multiple cash deposit and withdrawal options, instant money transfers between two CoinBase, wallet facilities with multiple signature options for more secure transfers, Bitcoin deposits insured against any loss etc. CoinBase has a wide range of payment partners Europe and the United States, which allow for seamless transaction execution through them. It has relatively low transaction fees and offers Bitcoin trading along with a large number of Altcoin trading as well.
CEX.IO: One of the oldest and reputable exchanges started in 2013, London as Bitcoin Trading Exchange and also as a cloud mining facilitator. Later its mining power grew so much that it took up nearly half of the network’s mining capabilities; However, it is now closed. CEX.IO allows clients to expand into a much larger amount of Bitcoin transactions, and has the ability to make Bitcoin available at the requested price instantly. However, for this exchange, it charges a somewhat high exchange amount, yet this is compensated for by the security and facilities that allow multi-currency transactions (dollars, euros, and rubles) to buy bitcoin.
Bitfinex is one of the most advanced trading platforms and is especially suitable for experienced cryptocurrency traders. With the high liquidity of Ethereum as well as Bitcoin, this exchange has better options such as leverage, margin funding, and multiple order trading. Apart from this, Bitfinex offers customizable GUI features, and many types of orders, such as limit, stop, trailing stop, market etc. This exchange also provides about 50 currency pairs that can be easily traded and withdrawn for everyone. One of the largest exchanges in terms of volume on Bitfinex offers pseudonyms for trades and only for some services that require identification. The only drawback to this exchange is that it does not support the purchase of Bitcoin or any other alternative currency through fiat transactions.
Bitstamp: Founded in 2011 and is the oldest exchange offering cryptocurrency and bitcoin trading. Most respected because although he is the oldest, he has not experienced a security threat until recently. Bitstamp currently supports four Bitcoin, Ethereum, Litecoin and Ripple, and is also available with the mobile app, regardless of the website for trading. It has great support for European users or traders who have Euro Banks accounts. The security is advanced and cold storage type, which means coins are stored offline, so you can say that it is not completely possible for any hacker to sneak. Finally, the complex user interface indicates that it is not for a novice user but for professionals and offers relatively low transaction fees.
Kraken: It is one of the largest bitcoin exchanges in terms of liquidity, trading volumes in euro cryptocurrencies, and trading figures in Canadian dollars, US dollars and yen. Kraken is the most respected exchange that is being routed by disruptions in cryptocurrency trading and has managed to maintain client volumes safely regardless of other exchanges being hacked at the same time. With more than 14 cryptocurrency trading methods, the user can deposit fiat currency as well as cryptocurrency along with the similar ability to withdraw operations. However, it is not suitable for beginners but it has better security features and lower transaction fees compared to CoinBase. The most important factor about Kraken is that they are reliable in the community and were the first to display volumes and prices on the Bloomberg Terminal.