The Best Cryptocurrency Exchanges




So you want to commence trading cryptocurrencies? Look Out this article to the valid cryptocurrency exchanges.


What is a cryptocurrency exchange?

Cryptocurrency exchanges are sites where you can purchase, trade or transfer cryptocurrencies for another digital or traditional currency like US dollars or Euro.

 For those that desire to sell professionally and have access to fancy trading tools, you will probably require using an exchange that needs you to confirm your ID and begin an account.

If you just need to make the occasional, honest trade, there are also platforms that you can use that do not demand an account.

Types of exchanges:

  1. Trading Platforms
  2. Direct Trading
  3. Brokers 

What to observe out for before entering an exchange

It’s necessary to do a short homework before you start trading. Here are some things you should review before making your first trade.

  1. Reputation 
  2. Fees
  3. Payment Methods 
  4. Verification Requirements
  5. Geographical Restrictions
  6. Exchange Rate 


The Best Cryptocurrency Exchanges:

Fresh cryptocurrency exchange sites have been beginning all around the Earth since the origin of Cryptocurrencies 8 years ago. Many of them faded after only some years or months in development.
Today, the panorama is much more stable.

Some cryptocurrency exchanges have been public for five years or more setting themselves apart as robust and reliable trading platforms.

The following sites are the top cryptocurrency exchanges accessible today, and they have proved over the years that they were genuine in the industry and that they earned our businesses.

1. Coinbase

Coinbase is without a suspicion one of the leading rock-solid cryptocurrency exchange out there. They have been operating since 2012.

Some of the influential firms that invested in Coinbase hold Andressen Horrowitz, The new york stock exchange, the Bank of Tokyo and much more.

Coinbase allows debit, credit card payment as well as wire transfer. They have a full-fledged cryptocurrency exchange that they call GDAX. You can purchase one of the cryptocurrency from here.

Coinbase was established by Fred Ehsram and Brian Armstrong in 2012. Because they are based in the USA, I believe much more confident when buying and selling cryptocurrency on their platform.

Headquarters: San Francisco, California

Cryptocurrency Exchange Review: Coinbase is a robust exchange based in the USA. They are in my evaluation the reliable one to use because of the investors they got and their location in the USA.
This is my number 1 suggestion when it comes to purchasing and trading cryptocurrency online.


2. BiStamp:

Bitstamp is the third-largest bitcoin exchange in the society by volume. So if you are gazing for a place with a lot of liquidity, this is it.

You can purchase or trade multiple cryptocurrencies on their trading platform. There interface very easy to use and self-explanatory.

They were the dupe of a hack in 2015, but after then, they have renovated their security characteristics. But I still don’t recommend anyone to keep cryptocurrency in exchange for an elongated period.

Founded: 2011

Headquarters: Luxembourg

Cryptocurrency Exchange Review: Bitstamp is currently my go-to place when I want an accurate price on Bitcoin. They are one of the godfathers of all exchanges as they have been around for so long. For those analyses, Bitstamp is number 2 on this ranking.


3. kraken

Kraken is my favorite European exchange. It was co-founded by Jesse Powell, a long-hair businessperson from San Francisco.

Their exchange has an excellent choice of various fiat currency you can practice to fund your account. You can use US dollar, Canadian dollar, Japanese yen and Euro.

They have an exciting story because they were the exchange appointed to supervise the distribution of the remaining of MtGox, the bankrupted exchange.

If you live in Europe, this should be your favorite exchange, but if you trade in US dollar, their volume is not as high as the previously mentioned trades. One great thing about Kraken is that you can trade over ten different cryptocurrencies.

Founded: 2011

Headquarter: San Francisco, California

Cryptocurrency Exchange Review: Kraken is also based in San Francisco, so this gives them an extra layer of credibility when it comes to solvency. They also support more Fiat currency so if you are from Europe, Kraken might be the exchange just for you.

4.Poloniex

Poloniex is an actual cryptocurrency exchange in the sense that you can only trade with crypto assets on this site, no fiat allowed. If you want to trade there, you have to shift some Bitcoins first.

Poloniex has the huge volume of cryptocurrencies traded from all the other site listed in our top 5 cryptocurrency exchanges.

They also have the most extensive diversity of token to trade. Poloniex boasts more than 60 different cryptocurrencies to choose from. If you are looking for that particular token, chances are you will find it here.

Because they don’t deal with Fiat currency, you don’t need to register with your own information which is a great advantage for privacy conscious traders.

Founded: 2014

Headquarters: Wilmington, Delaware

Cryptocurrency Exchange Review: Poloniex is my go-to place when I want to buy altcoins. Their platform is straightforward to use, and they usually have most cryptocurrency open for trading.

 The only con is that you cannot trade straight into US Dollar, you require to use a substitution currency called tether USD, but that is also an advantage because you don’t need to file with your private information.


5. BitFinex:

Out of all the other exchanges in our ranking, Bitfinex has the biggest daily volume of cryptocurrencies traded. You can go short or long on Bitfinex, and the ease of use and clarity of their platform is their incontestable power.

Bitfinex is placed in Hong Kong, and they have seven different cryptocurrencies to choose from including Z-Cash, Monero, and Ethereum.

Founded: 2012

Headquarters: Hong Kong, Hong Kong Island

Cryptocurrency Exchange Review: Bitfinex is an excellent exchange that offers, in my opinion, the precise and easy to use the platform. Like any another exchange, it’s good to remember that you should never neglect your cryptocurrency resting on an exchange. Always shift them to your private wallet where they are defended from hackers or thieves.

Individually, I believe that cryptocurrencies are the genuine investment opportunity accessible today and picking a decent exchange is an essential step not to overlook.

If your favorite exchange is not inclined in my top 5, just add it in the comment section below!




Comments

  1. EVERUS The Blockchain Fintech Company12 October 2017 at 03:47

    Thank you so much for providing elaborated info on world's best Crypto currency Exchanges. I needed one for occasional trades. Thanks a ton! Please log on to everus dot org roadmap for detailed information on such exchanges.

    ReplyDelete
  2. Dipika 16 January 2019 at 03:08

    Nice blog! Read your article and thanks for sharing such informative content with us.
    You can also check Coinorbis the Best Cryptocurrency Exchange.

    ReplyDelete

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