The cryptocurrency has not only given the fastest way to transfer money, but also a new entity with which to operate and make 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 business. There are many exchanges in which Bitcoin trading is safe and secure and is also provided to customers with many extended services. As an investor or cryptocurrency trader, you can choose any of the exchanges for your convenience. However, it is recommended to take a look at some reviews before disabling it. Below is a brief review of the major Bitcoin exchanges around the world.
CoinBase: is probably one of the most reputable and large Bitcoin trading exchanges with double trading operations directly and through the portfolio. CoinBase was founded in 2012 through the research of Y-Combinator and has since grown rapidly. It has many lucrative services like multiple options for depositing and withdrawing cash, money transfers between two CoinBase are instant, Wallet facilities with multiple signing options for more secure transfers, Bitcoin deposits are insured for any loss, etc. CoinBase has a wide variety of payment partners in Europe and the United States, which allow transactions through them seamlessly. It has relatively low transaction fees and offers Bitcoin trading along with a large number of Altcoin transactions.
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 enormously that it occupied almost half of the mining capacities of the network; however, it has been closed. “CEX.IO” allows customers to expand to the much larger amount of Bitcoin transactions and has the ability to make Bitcoin available at the requested price instantly. However, for this exchange a slightly high amount of exchange is charged, however, it is offset by the security and facilities that allow multicurrency transactions (dollar, euro and ruble) to buy Bitcoin.
Bitfinex: is one of the most advanced trading exchanges and is especially suitable for experienced cryptocurrency traders. With high liquidity for both Ethereum and Bitcoin, this exchange has better options such as leverage, margin financing and multiple order trading. Apart from that, Bitfinex offers the functions of the customizable GUI, many types of orders, such as limit, stop, final stop, market, and so on. 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 Bitfinex’s marketed volume offers pseudonymity for transactions and only requires identifications for some of the services. The only downside to this change is that it does not support the purchase of Bitcoin or any other altcoin through fiduciary transactions.
Bitstamp: Founded in 2011 and is the oldest of the exchanges offering cryptocurrency and Bitcoin transactions. The most respected because, despite being older, he has never been threatened by security and so far. Bitstamp currently supports four currencies Bitcoin, Ethereum, Litecoin and Ripple and is also available with the mobile app, apart from the website for trading. It has good support for European users or traders who have an account with Eurobancs. Security is advanced and is of the cold storage type, which means that coins are stored offline, so you can say that it is not entirely possible for any hacker to infiltrate. Finally, its complex user interface suggests that it is not for the novice user but for professionals and offers relatively low transaction fees.
Kraken: is one of the largest Bitcoin trading exchanges in terms of liquidity, crypto trading volumes of euros and trading figures of Canadian dollars, dollars and yen. Kraken is one of the most respected exchanges driven by the turbulence of cryptocurrency operations and has managed to keep the numbers of customers safe, regardless of other pirated exchanges at the same time. With more than 14 cryptocurrency trading facilities, the user can deposit digital currency and cryptocurrency along with a similar withdrawal capacity. However, it is not suitable for beginners, but it has better security features and low transaction rates compared to CoinBase. The most important factor for Kraken is that it has confidence in the community and has been the first to show volumes and prices at the Bloomberg terminal.