Best Bitcoin Trading Platforms
Cryptocurrency has not only provided the fastest way to transfer money, but also a new entity to trade and earn money in addition to stocks and other commodities. While you can sell and buy Bitcoin directly, you can also use Bitcoin trading exchanges to continue your cryptocurrency transactions. There are many exchanges where Bitcoin trading is safe and also made easy for customers with many extended services. Being 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 reviews of a few before opting for one. Below is a brief overview of the top Bitcoin exchanges around the world.
CoinBase – Probably one of the largest and most reputable Bitcoin trading exchanges, with dual facility trading directly and through the wallet. CoinBase was founded in 2012 through the Y-Combinator company search and has grown rapidly ever since. It has many lucrative services like multiple options to deposit and withdraw cash, 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 from Europe and the US, allowing transactions to take place seamlessly through them. It has relatively low transaction fees and offers Bitcoin trading along with a lot of Altcoin trading as well.
CEX.IO – One of the oldest and most reputable exchanges that was started in 2013, London as a Bitcoin trading exchange and also a cloud mining facilitator. Subsequently, his mining power grew so enormously that he occupied nearly half of the network’s mining capacities; however, it has now been closed. “CEX.IO” allows customers to expand to a much larger number of Bitcoin exchanges, and has the facility to make Bitcoin available at the requested price instantly. However, for this exchange a bit high exchange amount is charged, but this is compensated by the security and facilities of allowing transactions in multiple currencies (dollar, euro and ruble) to buy Bitcoin.
Bitfinex – is one of the most advanced trading exchanges and is particularly suitable for experienced cryptocurrency traders. With high liquidity for both Ethereum and Bitcoin, this exchange has better options like leverage, margin funding, and multi-order trading. Apart from this, Bitfinex offers the features of a customizable GUI, many 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 pseudonym for exchanges and only some of the services require IDs. The only drawback of this exchange is that it does not support the purchase of Bitcoin or any other altcoin through fiat transactions.
Bitstamp – It was founded in 2011 and is the oldest of the exchanges offering cryptocurrency and Bitcoin trading. The most respected because despite being the oldest it has never been under a security threat and until recently. Bitstamp currently supports four currencies Bitcoin, Ethereum, Litecoin and Ripple and is also available with the mobile app in addition to the website for trading. It has lovely support for European users or merchants who have their account at Euro Banks. The security is advanced and of the cold storage type, which means that the coins are stored offline, so it can be said that no hacker can infiltrate them. Lastly, its complex user interface suggests that it is not for the novice user but for professionals and offers relatively low transaction fees.
Kraken – is one of the largest Bitcoin trading exchanges in terms of liquidity, Euro crypto trading volumes, and Canadian dollar, US dollar, and yen trade figures. Kraken is the most respected exchange run through the crypto exchange turmoil and has managed to keep customer amounts safe regardless of the other exchanges being hacked at the same time. With over 14 cryptocurrency trading facilities, the user can deposit both fiat and cryptocurrency along with similar ability for withdrawals. However, it is not suitable for beginners, but it has better security features and low transaction fees relative to CoinBase. The most important factor for Kraken is that it is trusted by the community and has been the first to show volumes and prices on the Bloomberg Terminal.