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When it comes to trading in Bitcoin, you will need a platform which has high liquidity. Also, ideally you need a platform which has Lower fees as well. Once you are able to get both of these characteristics in a single platform, you can easily use it for Bitcoin trading. We will today highlight some such platforms which are perfect for Bitcoin trading.
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Table of Contents
Coinbase:
Coinbase is a U.S.-based exchange which was first launched in 2012. It supports users from thirty-two different countries. As a result, the liquidity which you will get in this exchange is actually much higher as compared to the others. It offers off-line storage of coins and even a mobile wallet. Also, you can deposit various Fiat currencies like British pound, US dollars, Euros, Canadian dollars and even Singapore dollars. The fees are on the lower side at just 1%. As a result, it is one of the perfect options for you when you’re looking to trade in Bitcoins.
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Gemini exchange:
If you’re looking for cryptocurrency exchange with Lower fees for Bitcoin trading, this is the perfect option for you. Gemini exchange has a flat fee of just 0.25%. As a result, when you’re doing high-volume Bitcoin trading, you will be able to maximize your profits quite easily. It is based in New York which adds to the credibility. All in all, if you’re looking for an exchange for cryptocurrency trading, this one is the best option for you.
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Cryptopia:
Cryptopia provides you with the option of trading at a brokerage of just 0.2%. As a result, it will become much easier for you to trade in Bitcoin. Moreover, the verification and the sign-up process is pretty quick. This ensures that you are able to easily trade in Bitcoin. The number of cryptocurrencies which are listed on the platform is over 400. As a result, you can trade in not just Bitcoin but other Altcoins as well. This is one of the main advantages of this particular cryptocurrency.
Thus, if you’re exclusively looking for cryptocurrency exchanges where you can indulge in Bitcoin trading without having to pay a significant amount of fee, these are the 3 options which you should look at. All of these 3 exchanges are actually pretty reputed which ensures that you are able to trade quite easily. With the help of these exchanges, you will be able to maximize your profits as the commission will be on the lower side.
Cryptocurrency exchange platforms are websites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. For those that want to trade professionally and have access to fancy trading tools, you will likely need to use an exchange that requires you to verify your ID and open an account. If you just want to make the occasional, straightforward trade, there are also platforms that you can use that do not require an account.
Now I know you are going to ask me — Which Cryptocurrency exchange platform is the best?
This is the one the most important questions you should ask and research on before embarking in the process of investing in cryptocurrency.
I can not tell you which exchange platform is the best but I can tell you this — all exchanges are different in what they bring to the table, you’ll find that each one has their own perks and cons. It’ll be up to you to decide which ones you like best.
Here are some factors you should consider while seeking an exchange platform
1. How safe is the website and server? Secure exchanges are better.
2. High liquidity.
3. Transaction fee structure of the exchange like fixed fees, percentage fees and spread or exchange rates. Note that each exchange platforms can have different exchange structures and rates.
4. Whether exchange provides transparent data of coins transactions, prices, and volumes?
5. How many and which currency pairs are available to trade Bitcoin, for example USD, Euros, and other fiat /government issued currencies, orAltcoins?
6. Multiple options to buy Bitcoin like PayPal, credit card, etc. i.e payment methods
7. Are customers happy?
8. Beginner-friendliness.
9. Good user ratings.
Based on all the qualifications and factors compiled above, I have made a list of cryptocurrency exchange platforms you might want to consider.
- Coinbase:
Founded in the year 2012, Coinbase is a digital currency wallet and platform where traders and merchants can transact using digital currencies such as bitcoin, ethereum and ripple. Coinbase is one of the most popular and well-known brokers and trading platforms in the world and this is because the platform makes it easy to securely buy, use, store and trade digital currency. - Binance:
Binance is a popular Chinese cryptocurrency exchange, which is popular for its crypto to crypto exchange services. While the company is still fairly new on the market, it has managed to gain a lot of popularity thanks to its impressive number of Initial Coin Offering listings, but also due to its low trading fees. -
Bittrex:
Supporting more than 190 cryptocurrencies, it offers speedy transactions, high stability, and follows some risk management practices. Bittrex is one of the larger crypto to crypto exchanges offering a large number of trading pairs into bitcoin — including all the major cryptos such as darkcoin, nextcoin and litecoin.
They also offer NeuCoin and Ethereum.
- Kraken:
Founded in the year 2011, Kraken cryptocurrency exchange platform provides reliability, high security environment, some legal compliance, and advanced order types like stop-loss orders. It also offers high liquidity, low fees, fast funding, margin trading, etc.
It may have occasional uptime problems, otherwise it is one of the best exchange platforms you might llike to visit.
- Cex.io:
Cex.io provides a wide range of services for using bitcoin and other cryptocurrencies. The platform lets users easily trade fiat money with cryptocurrencies and conversely cryptocurrencies for fiat money. It also offers security, high liquidty, lower fees, margin trading, almost 100% uptime and cross-platform trading. For those looking to trade bitcoins professionally, the platform offers personalized and user-friendly trading dashboards and margin trading.
Alternatively, CEX also offers a brokerage service which provides novice traders an extremely simple way to buy bitcoin at prices that are more or less in line with the market rate.
- Coinmama:
CoinMama covers about 200 countries, more than most of the other Bitcoin/cryptocurrency exchanges. CoinMama is a veteran broker platform that anyone can visit to buy bitcoin or Ether using your credit card or cash via MoneyGram. CoinMama is great for those who want to make instant straightforward purchases of digital currency using their local currency -
Bitstamp:
This is one exchange that has the best interface, easy to use and straightforward. Bitstamp is a Luxembourg-based crypto exchange that caters to European clients. For now, investors can trade in U.S. dollars on the site, but it’s compatible with the European Union’s Single Euro Payments Area (SEPA) which is convenient. -
Poloniex:
This cryptocurrency exchange platform offers a secure trading environment with more than 100 different Bitcoin cryptocurrency pairings and advanced tools and data analysis for advanced traders. As one of the most popular trading platforms with the highest trading volumes, users will always be able to close a trade position. It is also a us-based crypto platform.
If you decide to sign up for Poloniex, you need to provide your nation of residence, your full name, and your email. At this point, you should have you account confirmed soon, and you can start trading. The first verification level on the exchange will let you withdrawal as much as 2,000 USD per day.
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Coinone:
Coinone is the third-largest cryptocurrency exchange in South Korea. As such, it handles some major volume because South Korean investors are driving a huge amount of the globe’s crypto trading volume right now. -
Gemini:
Gemini is a fully regulated licensed US Bitcoin and Ether exchange. That means Gemini’s capital requirements and regulatory standards are similar to a bank. It has low fees. It offers high security and compliance, ultra modern cold storage system that stores information offline, access controls, and multi-factor authentication. But trades only in three currencies: US dollars, Bitcoin and Ethereum.