Cryptocurrency has not only provided the fastest way to transfer money, but also a new entity that you can trade with and make money apart from stocks and other commodities. While you can directly sell and buy Bitcoin, you can also use Bitcoin trading exchanges to continue trading the cryptocurrency. There are many exchanges where bitcoin trading is safe and secure, and many extended services are provided to customers. 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 some before opting out. Below is a brief overview of the best Bitcoin exchanges around the world.
CoinBase: It is probably one of the most reputable and largest bitcoin trading exchanges with dual trade direct and wallet. CoinBase was founded in 2012 as a venture to find Y-Combinator and has been growing rapidly ever since. It has many lucrative services such as multiple cash deposit and withdrawal options, money transfers between two CoinBases are instant, Wallet capabilities with multi-signature options for safer transfers, Bitcoin deposits are insured against any loss, etc. CoinBase has a wide selection of partners for payment of Europe and the USA, which flawlessly allow transactions to be carried out through them. It has relatively low transaction fees and offers Bitcoin trading along with a large number of Altcoin trading.
CEX.IO: One of the oldest and most famous exchanges launched in 2013, London as a Bitcoin Trading exchange and also as a cloud mining assistant. Later, its mining power grew so enormously that it held nearly half of the network’s mining capacity; however, it is now closed. “CEX.IO” allows clients to expand to a much larger volume of Bitcoin trading, and has the ability to instantly make Bitcoin available at the asking price. However, this exchange charges a slightly higher exchange fee, but this is compensated by the security and the ability to allow multi-currency transactions (dollars, euros and rubles) to buy Bitcoin.
Bitfinex: It is one of the most advanced trading exchanges and is specially tailored for experienced cryptocurrency traders. With high liquidity for Ethereum as well as Bitcoin, this exchange has better options like leverage, margin funding and multi-order trading. In addition, Bitfinex offers customizable GUI features, many order types, such as limit, stop, trailing stop, market, etc. This exchange also offers around 50 currency pairs that can be traded with easy withdrawals for everyone. One of the largest exchanges in terms of trading volume, Bitfinex offers a pseudonym for trades and only requires identification for some of its services. The only drawback of this exchange is that it does not support the purchase of Bitcoin or any other altcoin through fiat transactions.
Bitstamp: Founded in 2011, it is the oldest exchange that offers cryptocurrency and Bitcoin trading. The most valued because despite being the oldest, it was never under a security threat until recently. Bitstamp currently supports the four currencies Bitcoin, Ethereum, Litecoin and Ripple, and is also available with a mobile app, in addition to the trading website. It has excellent support for European users or merchants who have their account in Euro banks. The security is advanced and of the cold storage type, which means that the coins are stored offline. So you can say that it is absolutely impossible for any hacker to infiltrate. Lastly, its complex user interface suggests that it is not for novice users but for professionals and offers relatively low transaction fees.
Kraken: It is one of the largest bitcoin trading exchanges in terms of liquidity, crypto euro trading volume and Canadian dollar, USD and yen trading figures. Kraken is the most respected exchange that has navigated through the turmoil of cryptocurrency trading and has managed to keep customer volumes safe despite other exchanges being hacked at the same time. With 14+ cryptocurrency trading facilities, user can deposit fiat as well as cryptocurrency with similar 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 has community trust and was the first to display volumes and prices on the Bloomberg terminal.