Bitcoin has become increasingly popular, not to mention valuable, in recent years. At the time of writing a single Bitcoin is worth $11,000. So, how can you get into this exciting and a little confusing, world of digital currencies? We can show you some of the best exchanges that allow you to trade in Bitcoin, Ethereum, Dash and others.
Bitcoin exchanges are an integral part of the huge virtual currency world and its ecosystem in particular. The exchanges today claim to have learned and present themselves as advanced models with better security mechanisms in place. But now the new currencies are important, because the chance for a big profit is within the reach of the hand!
“If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat to financial stability,” (Agustín Carstens)
What is the cryptocurrency Exchange service?
Crypto Exchange is a website that allows us to buy crypto currencieso r sell them, or exchange them for another crypto. See how to make money on stock exchanges. They do not have a physical trading location – they are virtual and completely decentralized (like the Forex market). They provide access to a range of key market information – the value of individual virtual coins, valuations, trends and volumes.
On the Exchange we can use two basic ways to buy and sell coins. The first one is direct redemption from the stock exchange itself – in this case no other investor is involved in the transaction. The whole works on a very simple principle – your physical currency is transferred from your bank account and exchanged for virtual currency according to their current valuation. However, keep in mind that by purchasing digital coins directly from the stock exchange owners, the transaction will be subject to additional handling charges.
Which crypto exchange is the best?
The best exchange stock market is one that has been in the market for a long time, has many users, simple dashboard and good customer support. On the basis of opinions collected on the Internet we chose the best cryptocurrencies exchange trading storage platforms:
Led by Changpeng Zhao, their team have experience in both wall-street and crypto finance. Their team also have a track record of successful startups under our belt. The underlying platform has been deployed on 30+ exchanges already. It supports all devices and multiple languages, offering a seamless user experience. Capable for processing 1,400,000 orders / second, multi-tier & multi-cluster system architecture.
Our rank: 8/10 Check original link to Binance >
HitBTC – global trading platform with multi-currency support, operating since 2013. The exchange has markets for trading digital assets, tokens and ICOs and provides a wide range of tools as well as stable uptime. HitBTC is the most advanced cryptocurrency exchange with markets for trading between Bitcoins, Ethereums, Litecoins, Dogecoins, Monero, USDT and more.
Our rank: 9/10 Check original link to HitBTC >
Established in 2013 as the first cloud mining provider, CEX.IO has become a multi-functional cryptocurrency exchange, trusted by over a million users. CEX.IO is a perfect marketplace for buying Bitcoins in a few clicks. You can simply create an account and deposit funds in USD, EUR, RUB, or in your local currency. After funds are successfully credited to your account, you can easily buy Bitcoins right away. Bitcoins then can be kept on your balance in a safe cryptocurrency cold storage, traded, or withdrawn to personal wallets at any moment.
Our rank: 7/10 Check original link to Cex io >
CoinExchange.io is an online altcoin exchange focussed on ease of use, security and customer support. They said: “Our mission is to become a pillar in the online crypto currency market place.” You can use the coins you have deposited into your CoinExchange.io account to buy other coins. Click on the following link to learn how to make a deposit. Once you have made a deposit into your CoinExchange account, go to your ‘Balances’ page found in the ‘My Account’ tab. You can click on the following link to access your balances page.
Our rank: 7/10 Check original link to CoinExchange >
Yobit is a cryptocurrency exchange platform that unites major market players. Yobit always supports cooperation with the most popular world cryptocurrencies and provides the possibility to gain profit at electronic money exchange transactions. Register at the website choosing your login, password and e-mail address for the access to the system. Registration is fully free! After sending the application for registration you will receive e-mail letter with activation link which you should use to activate your account. Major quantity of responses comes to users within an hour, but sometimes it takes up to 24 hours to send the response. We are working at improvement of Support Team performance.
Our rank: 6/10 Check original link to Yobit >
Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. They mission is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency. Coinbase works on a slightly different principle wherein the client needs to link the bank account with the Coinbase account and has to initiate an ACH automatic transfer system for buying Bitcoins every time since Coinbase does not hold dollars in customer accounts.
Our rank: 5/10 Check original link to CoinBase >
The founders of Kucoin Cryptocurrency Exchange Platform started in-depth research on blockchain technology early in 2011 and successfully built Kucoin’s technical architecture in 2013. With the reliable and extendable
technical architecture in place, Kucoin team stepped into cryptocurrency exchange business confidently in 2017, serving the industry and users with superior services and flexible operation strategies. The trading system has adopted the hardware-accelerated and highly-efficient memory matching technology whose order-making peak value is 2 million+/second, order-processing peak value 1 million+/second.
Our rank: 4/10 Check original link to Kucoin >
Bitstamp is one of toppers in terms of trading volume. Is a European Union based bitcoin marketplace. It allows people from all around the world to safely buy and sell bitcoins. They take cash deposits on one side and bitcoin deposits on the other side of the trade, then they allow customers to exchange their cash for bitcoins or vice versa.
Bitstamp charges a trading fee from each party of successful trades made through the market. The amount of the fee will vary based on a 30 day trading history. The rate for new accounts and those with the lowest volume is 0.25%. Refer to the fee schedule to determine discount levels. The fee that was charged appears in the account history next to each trade.
Our rank: 4/10
Cryptsy is a platform not only for Bitcoins, but also the variants which are collectively called altcoins. The exchange provides services to trade more than 200 different types of cryptocurrencies currently, including the names like Litecoin, Dogecoin, MazaCoin, Peercoin and so on. The exchange is headquartered in Florida and is a FinCEN registered MSB (Money Services Business); it will be beta tested in the near future. The exchange plans to offer services to merchants who are open to accepting the different digital currencies as a mode of payment.
Our rank: 3/10
Coinmama sells Bitcoin out of its personal inventory. The transaction will always be between you and Coinmama. Coinmama sends bitcoins immediately after both the client’s payment and wallet address have been confirmed. At Coinmama you can currently only buy bitcoins with a credit card or debit card. Coinmama is a property of NBV International s.r.o., Boženy Němcovej 8, Bratislava 811 04, Slovakia, which is a daughter company of New Bit Ventures Ltd company.
Our rank: 3/10
OKCoin International is one of the most popular digital asset trading platforms in the world. It mainly provides spot trading services between the US dollar, Euro, and Japanese Yen as fiat currencies, and Bitcoin, Litecoin, Ethereum and other digital assets to customers around the globe. OKCoin International is operated by OKB Technology Company Limited. The core team of OKCoin International consists of people from world-recognized companies such as Alibaba, Tencent and Huawei.
Our rank: 3/10
Where to hold crypto currency?
Never keep the currency on the exchange market! Pour the coins into a safe wallet. All stock exchanges have been hacked and will continue to be! Cryptozoologists do not have to face the problems of paper money, but as crypto-activists face the challenges of the FinTech industry. The most popular way to store crypto is to use this digital wallet. They are considered easy to use, practical, but are they also safe? If you decide to make a deposit on your computer, in that case they are as safe as your PC is safe.
Which wallets are the best and safest?
Compare all top 2017 cryptocurrency wallets in one place, whether you are interested in security, anonymity, ease of use, extra services or user reviews. A cryptocurrency wallet is just like a bank account which is used to store, receive and send your digital currency to another wallet account or use it for the shopping purpose. Whether you want to trade in cryptocurrencies or want to have them as your asset, you must need to have a wallet account, good and safe wallet.
“You will recognize a rich man from shoes and a wallet.”
Airbitz Bitcoin Wallet
What you should know about safety?
- Always make a copy of your wallet – never delay, do not put it off tomorrow. Many have found out how painful it can be to lose coins through their laziness and negligence.
- We should think about random events that may happen to us. It is worth to write down a will or give a loved one how to deal with your funds deposited in the digital currency.
- Do not trust anyone who offers you a cheap purchase or offers a good price. Be careful. It’s best to go with proven paths. Crypto currencies are at an early stage of development, they can make big profits but they carry a high risk.
- Avoid people who are mediocre. At present, anyone can buy or sell coins without the participation of third parties.
- Do not use portals that offer coin storage. You can take care of your safety and have confidence and peace of mind. Remember that the page may be closed without notice and you will lose access.