Cryptocurrency not only provided the fastest way to transfer the money, but also a new entity to trade and earn money with, apart from stocks and other commodities. While you can directly sell and buy Bitcoin, you can also use Bitcoin trading exchanges to further your cryptocurrency transactions. There are many exchanges where Bitcoin trading is safe and secure and customers are facilitated with many advanced services. As a cryptocurrency investor or trader, you can choose any of the exchanges for your convenience. However, it is recommended that you take a look at the reviews of some before giving up. Below is a brief overview of the best Bitcoin exchanges in the world.
CoinBase: Probably one of the most reputable and largest direct and wallet dual trading bitcoin exchanges. CoinBase was founded in 2012 through the venture discovery of Y-Combinator and has grown rapidly since then. There are many lucrative services like multiple cash deposit and withdrawal options, 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 European and US payment partners that seamlessly allow transactions to take place through them. It has relatively low transaction fees and offers bitcoin trading as well as a large number of altcoin trading.
CEX.IO: One of the oldest and reputable exchanges that started in 2013, London as a Bitcoin trading exchange and also as a cloud mining facilitator. Later, its mining power grew so enormous that it held almost half of the network’s mining capacity; but now it is closed. “CEX.IO” allows clients to expand to a much larger amount of bitcoin transactions and has the ability to provide the bitcoins at the desired price instantly. However, this exchange charges a bit high exchange amount, but this is compensated by the security and facilities to allow multi-currency transaction (Dollar, Euro and Ruble) to buy Bitcoins.
Bitfinex: This is one of the most advanced trading exchanges and is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum as well as Bitcoin, this exchange has better options like leverage, margin funding and multiple order trading. In addition, Bitfinex offers the features of a custom GUI, many order types, such as limit, stop, floating stop, market, etc. This exchange also provides about 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 a pseudonym for trades and only requires credentials for some of its services. The only downside to this exchange is that it does not support buying Bitcoin or any other altcoin via fiat transactions.
Bitstamp: Founded in 2011, it is the oldest exchange that offers cryptocurrency and bitcoin transactions. The most respected because even though it is the oldest, it has never been under a security threat until recently. Currently, Bitstamp supports four currencies Bitcoin, Ethereum, Litecoin and Ripple and also comes with the mobile app apart from trading website. There is great support for European users or merchants who have an account with Euro Banks. Security is also enhanced by the type of cold storage, which means that the coins are stored offline. So you can say that it is completely impossible for any hacker to penetrate. Finally, its sophisticated user interface suggests that it is not for the novice user but for professionals and offers relatively low transaction fees.
Kraken: This is one of the largest Bitcoin trading exchanges in terms of liquidity, crypto trading volumes in Euros and trading data in Canadian dollars, US dollars and yen. Kraken is the most respected exchange that has managed through the turmoil of cryptocurrency trading and has managed to keep customer funds safe despite other exchanges being hacked at the same time. With 14+ cryptocurrency trading facilities, the user can deposit fiat as well as cryptocurrency along with the same 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 by the community and is the first to display volumes and prices on Bloomberg Terminal.