Best Bitcoin Trading Platforms

Cryptocurrency has become not only the fastest way to transfer money, but also a new entity to trade and make money with, apart from stocks and other commodities. While you can sell and buy bitcoins directly, you can also use bitcoin trading exchanges to continue trading the cryptocurrency. There are many exchanges where it is safe and secure to trade bitcoins and many advanced services are also offered to the customers. As a cryptocurrency investor or trader, you can choose any of the exchanges for your comfort. However, it is recommended that you look at the reviews of some before giving up on one. Below is a quick overview of the best Bitcoin exchanges around the world.

CoinBase: This is probably one of the most well-known and largest exchanges for dual-trading bitcoin directly and via wallet. CoinBase was founded in 2012 through venture capital search Y-Combinator and has grown rapidly since then. It has many beneficial services such as multiple deposit and cash withdrawal options, instant money transfers between two CoinBases, a wallet with multiple signature options for safer transfers, Bitcoin deposits are insured against any loss, etc. CoinBase has a wide selection of payment partners Europe and the US, which seamlessly allow transactions to be made through them. It has relatively low transaction fees and offers Bitcoin trading along with plenty of altcoin trading.

CEX.IO: One of the oldest and most famous exchanges, founded in 2013 in London as a Bitcoin trading exchange as well as a cloud mining facility. Later, the mining power increased so much that it took up almost half of the network’s mining power; however, it is now closed. “CEX.IO” allows customers to expand a much larger volume of bitcoin transactions and also make available bitcoins instantly at the requested price. However, this exchange charges a slightly high exchange amount, but this is compensated by the security and facilities that allow you to make multi-currency transactions (dollars, euros and rubles) for the purchase of bitcoins.

Bitfinex: This is one of the most advanced trading exchanges and is especially suitable for experienced cryptocurrency traders. With the high liquidity of Ethereum as well as Bitcoin, this exchange has better options such as leverage, margin financing and multiple order trading. Apart from this, Bitfinex offers customizable GUI features, many order types like limit, stop, trailing stop, market, etc. This exchange also offers around 50 currency pairs that can be traded and with easy withdrawal for everyone. One of the largest exchanges in terms of trading volume, Bitfinex offers a pseudonym for transactions and only requires identification for some services. The only downside to this exchange is that it does not support buying Bitcoin or any other altcoin through fiat transactions.

Bitstamp: It was founded in 2011 and is the oldest exchange offering cryptocurrency and bitcoin trading. The most respected because, despite being the oldest, it has never been under threat until recently. Bitstamp currently supports the four currencies Bitcoin, Ethereum, Litecoin and Ripple and is also available with a mobile app apart from the website for trading. It has excellent support for European users or traders who have their account in Eurobanks. Security is advanced and cold type, which means coins are stored offline. So you can say that hacker penetration is completely impossible. Last but not least, its sophisticated user interface suggests that it is not intended for beginners but for professionals, and it offers relatively low transaction fees.

Kraken: This is one of the largest exchanges for Bitcoin trading in terms of liquidity, crypto trading volumes in Euros, and trading performance in Canadian dollars, USD and yen. Kraken is the most respected exchange that has steered through the tumult of cryptocurrency trading and has managed to keep its customer base safe regardless of other exchanges being hacked at the same time. With more than 14 cryptocurrency trading facilities, the user can deposit both fiat and cryptocurrency along with the same ability to withdraw funds. However, it is not suitable for beginners, but it has better security features and low transaction fees compared to CoinBase. The most important factor for Kraken is that it enjoys the trust of the community and was the first to show volumes and prices on the Bloomberg terminal.