The Best Bitcoin Trading Platforms

Cryptocurrency has not only provided the fastest way to transfer the money, but also a new entity to trade and make money with, separate from the 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 secure and also the customers are facilitated with many comprehensive services. As a cryptocurrency investor or trader, you can choose any of the exchanges for your comfort. However, it is recommended that you take a look at the reviews of some before you unsubscribe. Below is a brief overview of the best Bitcoin exchanges around the world.

CoinBase: It is probably one of the most reputed and largest Bitcoin trading exchanges with dual trading capabilities, direct and through the wallet. CoinBase was founded in the year 2012 through venture finding from Y-Combinator and has grown rapidly since then. It has many lucrative services such as multiple options to deposit and withdraw cash, money transfers between two CoinBases are instantaneous, Wallet facilities with multiple signature options for more secure transfers, Bitcoin deposits are insured for loss etc. CoinBase has the wide variety to payment partners from Europe and the US, who run the transactions seamlessly through them. It has relatively low transaction fees and also offers Bitcoin trading along with a large number of Altcoin trading.

CEX.IO: One of the oldest and reputed exchanges founded in London in 2013 as a Bitcoin Trading exchange and also a cloud mining facilitator. Later, its mining power grew to such an extent that it controlled nearly half of the network’s mining capabilities; however it is now closed. “CEX.IO” allows customers to expand to the much larger number of Bitcoin transactions, and it has the ability to make the Bitcoin available immediately at the requested price. However, for this exchange, you will charge a little high exchange amount, but this will be compensated for the security and facilities of allowing multicurrency (dollar, euro and ruble) transactions to buy Bitcoin.

Bitfinex: It is one of the most advanced trading exchanges and particularly suitable for experienced cryptocurrency traders. With high liquidity for both Ethereum and Bitcoin, this exchange has better options like leverage, margin financing and multiple order trading. Apart from this, Bitfinex offers the features of a customizable GUI, many types of orders such as limit, stop, trailing stop, market etc. This exchange also offers around 50 currency pairs that can be traded and with easy withdrawals for everyone. One of the largest exchanges in terms of volume traded, Bitfinex offers pseudonymity for transactions and only requires identifications for some of the services. The only downside to this exchange is that it does not support buying Bitcoin or other altcoin through fiat transactions.

Bitstamp: Founded in 2011, it is the oldest of the exchanges offering cryptocurrency and Bitcoin transactions. The most respected because despite being the oldest it has never been under security threat and has recently had cash registers. Bitstamp currently supports four currencies Bitcoin, Ethereum, Litecoin and Ripple and is also available with the mobile app except website for trading. It has great support for the European users or the traders who have their account with Euro Banks. The security is advanced and of the cold storage type meaning the coins are stored offline. So you can say that it is not completely possible for any hacker to infiltrate. Finally, the complex user interface suggests that it is not for the novice user, but for professionals and that it offers relatively low transaction costs.

Kraken: It is one of the largest Bitcoin trading exchanges in terms of liquidity, crypto trading volumes in euros and trading figures of Canadian dollars, USD and yen. Kraken is the most respected exchange that has been driven through the turmoil of cryptocurrency transactions and has managed to keep the amounts of customers safe regardless of the other exchanges being hacked at the same time. With more than 14 cryptocurrency trading facilities, the user can deposit both the fiat and the cryptocurrency along with the comparable withdrawal capacity. 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 is trusted in the community and has been the first to show the volumes and prices on Bloomberg Terminal.

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