Cryptocurrency has not only provided the fastest way to transfer money, but also a new entity with which to trade and earn money apart from stocks and other commodities. While you can sell and buy Bitcoin directly, you can also use Bitcoin trading exchanges to continue your cryptocurrency operations. There are many exchanges where Bitcoin trading is safe and clients are also facilitated 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 some before opting for one. Below is a brief review of the major Bitcoin exchanges around the world.
CoinBase – is 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 as a result of the Y-Combinator company search and has grown rapidly since then. It has many lucrative services such as 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 for any loss, etc. CoinBase has the wide variety of payment partners from Europe and the US, which allow transactions to go smoothly through them. It has relatively low transaction fees and offers Bitcoin trading alongside a large amount of Altcoin trading as well.
CEX.IO: One of the oldest and most 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 occupied almost half of the network’s mining capacities; however, it has now been closed. “CEX.IO” allows clients to expand to a much larger number of Bitcoin trades, and has the ability to make Bitcoin available at the requested price instantly. However, for this exchange a somewhat high exchange amount is charged, however, this is compensated by the security and the facilities of allowing transactions in multiple currencies (dollar, euro and ruble) to buy Bitcoin.
Bitfinex – It is one of the most advanced trading exchanges and is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum and Bitcoin, this exchange has better options like leverage, margin financing, and multi-order trading. Apart from this, Bitfinex offers the features of customizable GUI, many types of orders, 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 volume traded Bitfinex offers pseudonymity for exchanges and only for some of the services requires identifications. The only downside to this exchange is that it does not support the purchase of Bitcoin or any other alternative currency 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 despite being the oldest it has never been under a security threat and is recently lacking. 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 excellent support for European users or merchants who have their account in European banks. Security is advanced and cold storage type, which means coins are stored offline. Lastly, its complex user interface suggests that it is not for the novice user but for professionals and offers relatively low transaction fees.
Kraken: It is one of the largest Bitcoin trading exchanges in terms of liquidity, cryptocurrency trading volumes in euros, and trading figures for Canadian dollars, US dollars, and yen. Kraken is the most respected exchange run through the confusion of cryptocurrency exchanges and has managed to keep customer numbers safe regardless of the other exchanges being hacked at the same time. With more than 14 cryptocurrency trading services, the user can deposit the fiat money and the cryptocurrency along with a similar capacity 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 the community trusts him and he has been the first to show the volumes and prices on Bloomberg Terminal.