cryptocurrency has not only provided the fastest way to transfer money, but also a new entity to trade and earn money with apart from stocks and other commodities. Although you can sell and buy Bitcoin directly, you can also use Bitcoin trading exchanges to pursue your cryptocurrency transactions. There are many exchanges where Bitcoin trading is safe and secure and customers are also facilitated by many extensive services. As a cryptocurrency investor or trader, you can choose any of the exchanges for your convenience. However, it is recommended to take a look at the opinions of some before withdrawing from this one. Below is a brief overview of the top Bitcoin exchanges around the world.
CoinBase: This is probably one of the most reputable and prominent bitcoin trading exchanges with a dual facility of direct and wallet trading. CoinBase was founded in 2012 through Y-Combinator’s corporate research and since then it has grown rapidly. It offers many lucrative services such as multiple options to deposit and withdraw money, money transfers between two CoinBase are instant, wallet facilities with multiple signature options for more secure transfers, bitcoin deposits are insured against any loss, etc. CoinBase has a wide variety of payment partners in Europe and the United States, which seamlessly allow transactions to be made through them. It has relatively low transaction fees and offers Bitcoin trading as well as a large number of Altcoin transactions.
CEX.IO: One of the oldest and reputable exchanges which was launched in 2013, London as a Bitcoin Trading exchange and also as a cloud mining facilitator. Later, its mining power grew so much that it held nearly half of the network’s mining capacity; however, it is now closed. “CEX.IO” allows customers to scale to a much larger number of Bitcoin transactions, and it has the ability to instantly release Bitcoin at the asking price. However, for this exchange, a somewhat high exchange amount is charged, but this is compensated by the security and the facilities allowing a multi-currency transaction (dollar, euro and ruble) to buy Bitcoin.
Bitfinex: This is one of the more advanced trading exchanges and is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum as well as Bitcoin, this exchange offers better options like leverage, margin funding, and multi-order trading. Apart from that, Bitfinex offers the features of a customizable GUI, numerous order types, such as limit, stop, trailing stop, market, etc. This exchange also provides around 50 currency pairs that can be traded and with easy withdrawals for everyone. One of the largest exchanges in terms of traded volume Bitfinex offers pseudonymization for exchanges and only for some of the services it requires identifications. The only downside of this exchange is that it does not support buying Bitcoin or any other altcoin through fiat transactions.
Bitstamp: It was founded in 2011 and is the oldest of the exchanges that offer cryptocurrency and bitcoin trading. The most respected because although it is the oldest, it has never been threatened by security and has been around for a short time. Bitstamp currently supports four currencies Bitcoin, Ethereum, Litecoin and Ripple and is also available with the mobile app, outside of the website to trade. It offers excellent support for European users or traders with their account in Euro Banks. Security is advanced and cold storage type, which means coins are stored offline. So you can say that it is quite impossible for a hacker to infiltrate. Finally, its complex user interface suggests that it is not intended for the novice user but for the professionals and offers relatively low transaction fees.
Kraken: It is one of the largest bitcoin exchanges in terms of liquidity, euro crypto trading volumes, and Canadian dollar, USD, and yen trading numbers. Kraken is the most respected exchange, steered through the turmoil of cryptocurrency transactions and has successfully protected client amounts, regardless of other exchanges being hacked at the same time. With more than 14 cryptocurrency trading facilities, the user can deposit fiat as well as cryptocurrency with the same withdrawal capability. However, it is not suitable for beginners, but it has better security features and low transaction fees compared to CoinBase. The most important factor for Kraken is that it enjoys the trust of the community and was the first to post volumes and prices on Bloomberg Terminal.