Best Bitcoin Trading Platforms

Cryptocurrency is not only the fastest way to transfer money, but it has also provided a new entity 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 selling your cryptocurrency. There are many exchanges where Bitcoin trading is safe and secure and is facilitated by many extended services for customers. Being a cryptocurrency investor or trader, you can choose any of the exchanges for your convenience. However, it is recommended that you look at the reviews of some before picking one up. Below is a brief review of the top Bitcoin exchanges around the world.

CoinBase: Probably one of the most famous and largest Bitcoin trading exchanges that trade dual facilities directly and via wallet. CoinBase was founded in 2012 through the venture discovery of Y-Combinator and has grown rapidly since then. It has many profitable services, such as multiple cash deposit and withdrawal options, money transfers between two CoinBases are instant, with multiple signature options for safer transfers, Bitcoin deposits are insured against any loss, etc. CoinBase has many payment partners. European and US, which 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 started in 2013, as a London Bitcoin Trading exchange and also as a cloud mining router. Later its mining capacity grew enormously, where it held almost half of the network’s mining capacity; however, it has now been closed. “CEX.IO” allows clients to expand their Bitcoin trades in larger amounts, and has the ability to make Bitcoin instantly available at the requested price. However, this exchange charges a high exchange rate, however, it compensates for the security and ease of allowing multi-currency transactions (dollars, euros and rubles) to buy Bitcoin.

Bitfinex: This 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 funding and multi-order trading. In addition to this, Bitfinex offers customizable GUI features, many order types such as limit, stop, trailing stop, market and more. This exchange also offers about 50 currency pairs that are tradable and with easy withdrawals for everyone. Bitfinex, one of the largest exchanges in terms of traded volume, offers pseudonymity only for transactions and some services that require identification. The only drawback of this exchange is that it does not support the purchase of Bitcoin or other altcoins through fiat transactions.

Bitstamp: Founded in 2011, it is the oldest exchange offering cryptocurrency and Bitcoin trading. The most respected, despite being the oldest, has never been under security threat until recently. Bitstamp supports four currencies: Bitcoin, Ethereum, Litecoin and Ripple and is also available with a mobile app in addition to the trading website. It has great support for European users or merchants with accounts in Euro banks. Security is advanced and cold storage type, meaning coins are stored offline. So you can say that it is not possible for any hacker to infiltrate. Finally, its complex user interface suggests that it is not for novice users but for professionals and offers relatively low transaction fees.

Kraken: One of the largest Bitcoin trading exchanges in terms of liquidity, Euro crypto trading volumes and Canadian dollar, USD and Yen trading figures. Kraken is the most respected exchange that has led the cryptocurrency trading whirlwind and has managed to keep its customer base safe regardless of other exchanges being hacked at the same time. With 14+ cryptocurrency trading facilities, the user can store fiat and cryptocurrency along with the similar ability to withdraw. However, it is not suitable for beginners, but it has better security features and low transaction fees compared to CoinBase. Kraken’s most important factor is that it is trusted by the community and was the first to display volumes and prices on the Bloomberg Terminal.