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It is a common belief that Bitcoin is a type of currency that only the gamblers, the risk-takers, and the crazy invest in. However, times have changed, and the market has shown that Bitcoin is something worth considering, even for the public.
Which is why many have started looking into the best bitcoin exchanges to dive into the trend. If you are considering getting your hands on some Bitcoin, then looking into Bitcoin exchanges are a must. Bitcoin exchanges are websites that offer you different ways to purchase Bitcoin.
Whether it be through credit card payment, gift cards, or even cash, there are many ways that are offered. To make Bitcoin exchanges a bit easier to understand, think of the exchange as the New York Stock Exchange. Instead of getting stocks in return for your money, you are getting a certain amount of Bitcoin proportionate to the amount it is worth when you purchase it.
A crypto exchange is a place where you exchange a certain cryptocurrency for a different crypto coin. The most common cryptocurrency exchange occurs with Bitcoin being the main coin being traded for other coins.
However, there is one thing to keep in mind when using a crypto exchange. There are fees that you must deal with when transferring Bitcoins from wherever you bought it to the crypto exchange site. Due to the surge of transaction fees, it will be costly if you are transferring small amounts. As there are lots of fraud sites looking to earn money off of those wanting Bitcoin, we recommend that you be careful when deciding which sites to choose.
As there are many different types of exchange sites available with different kinds of features available, it is important to look at what type of features are offered at the site you are interested in. Some features include filtering peer-to-peer exchanges , different payment methods, and built-in crypto exchange to avoid fees.
This is the most important factor to look out for as if the security of the site is low, your coins can get stolen out of your wallet at any time. To check the security of the exchange, research how the coins are encrypted and what the company does to ensure your coins stay safe. Most of the sites we will be reviewing below have decent rates, but for peer-to-peer exchanges, the rates will be a bit higher.
PayPal payment methods also come with higher transaction rates due to higher risks. This is one of the most important factors that you have to consider when you are looking for an exchange to conduct your transactions on. The one that you go with should have an excellent reputation, and while there are always going to be some negative reviews, you have to check for the weightage of the negative and the positive ones.
Another thing that you should check out is that the good exchanges always have a high trading volume. This is directly proportional to the speed of the trades. Higher trading volumes mean that there are some traders looking for digital assets.
A good exchange would have a variety of payment options. Another thing that most of the exchanges pride themselves on is the security of the payment options. Usually, a normal exchange would accept payment in the form of bitcoins rather than any fiat currency. A very good exchange, on the other hand, will have options for fiat currency as well as both the bitcoin and other altcoins as well. There are some which make use of the wallets like PayPal, Skrill, etc.
Using these wallets makes it easy for the users to conduct the transactions since the wallets are usually directly linked to their bank accounts and they do not have to enter their account information on the trading exchanges. This protects their information since only their wallet ID is shared in the database of the exchange. Payment options that involve direct transfer of the cryptocurrencies in the exchange wallets is even more secure since they are based on the blockchain technology.
Since it is a matter of the finances, security is one of the most important things that have to be considered when you are selecting the exchange that you want to conduct your business on. There is a public history of all the exchanges that have been hacked over the years and you should avoid the ones with similar security issues.
Also, avoid the exchanges that have been hacked in the past. This is because there is a pattern which is almost always repeated. An exchange that has been hacked once can be hacked again. This can be avoided if the developers of the exchange upgrade the security of the platform completely. Go for the exchanges that have advanced security measures like two-factor authentication. However, if the IP address changes, you will need to log in again.
Below are our bitcoin exchange reviews of the top few exchange sites that we love. We recommend that you use the ones on our list because using our recommendations are a lot safer than going blind and using some random exchange that you found online. Remember, if it sounds too good to be true, then it most likely is. This is one of the fastest-growing trading platforms for Bitcoin and various altcoins.
This platform has been able to attract users from around the world because of its fast, reliable, and easy service to trade Bitcoin, Litecoin, Ethereum, and many other cryptocurrencies.
Here you can conduct your transactions instantly through credit or debit card. The user interface is also designed to accommodate both new learners as well as experienced traders. It provides a new trader with easy to use basic interface so that most of the job is done by the platform itself. At the same time, experienced traders can have full control over their transactions through various tools provided by the platform.
There are absolutely no extra charges or additional fees required while using your credit or debit cards in this platform. The workflow of this platform is pretty transparent and the pricing and the corresponding purchase limits are very fair. Another feature of this platform that can ensure you additional passive income is its referral program. This platform accepts three kinds of credit or debit cards which are MasterCard, Visa, and Maestro.
The purchase limit of this platform varies as per your document verification status. The more information you get verified with this platform, the higher the maximum purchase limit. There are a few of this verification steps after completing which one can have unlimited purchase options.
Signup to Switchere. Bithoven is one of the latest entrants in the cryptocurrency domain. Despite being an exchange platform in its nascent stage, it has managed to impress experts and users alike. It features one of the most advanced algorithms which significantly reduces the loading time of the page and provides traders with the best returns.
The user interface is simple to use yet consists of the most advanced statistical tools and features like Candlestick chart which greatly enhances your trading experience. Apart from these, the platform also consists of information like the summary of your account, the transaction history, recent deposits and withdrawals, etc. It supports all the major cryptocurrencies and over altcoins to cater to audiences with all kinds of varied experiences.
One of the reasons that it is gaining widespread popularity is the fact that there is no cap on the number of deposits and withdrawals that you can undertake in a day. The exchange platform also features one of the most robust customer services as they have a live chat support and an online request form. Their page also contains one of the most comprehensive FAQ section.
It contains a list of the common issues that users may face and what are the ways in which they can address the same.
Backed by some of the highly rated experts in the crypto industry, the platform is predicted to grow as a lot of new and exciting features will be updated in the near future. If it continues at the rate at which it is usurping the market, it will prove to be a serious competitor for existing crypto exchange platforms.
Signup to Bithoven here. This also means that Coinbase invests heavily in their security, allowing you to feel safe with keeping Bitcoins inside your virtual wallet at Coinbase. Coinbase has a very simple interface that allows even the most clueless to purchase Bitcoin with their credit card, bank account, and much more in a matter of minutes. Withdrawing Bitcoin is also easy as you can convert the BTC into other cryptocurrencies, or deposit it right into your bank account directly.
This includes some major credit card companies not being accepted and payment platforms not being accepted such as PayPal however, no exchanges offer PayPal as a payment method. Yes, you can exchange Bitcoins for US dollars at most exchanges including Coinbase. Although the exchange will take a fee, you can convert your Bitcoin and have it withdrawn to your bank. However, some exchanges may not offer this feature, so it is important that you choose the right one that offers the features that meet your needs.
First, go to Coinbase and click on the sign-up button. You will then see the registration page. This is where you must decide whether you want to sign up as an individual or as a business. The difference between the two is how much verification you must submit as well as how you want to report your income.
After you are signed up and have verified your email, we recommend that you add a profile nickname and add 2-factor authentication to secure your account.
By saving your payment method, you can buy any one of the four coins on Coinbase Bitcoin, Bitcoin Cash, Ethereum, and Litecoin in one click. If you want to use the feature that Coinbase has to directly sell coins back to Coinbase for USD inside your Coinbase wallet to convert to other coins, then you will have to submit additional verification.
This verification includes social security number, ID, etc. Wherever you are, you will be able to use this service as LocalBitcoins is available worldwide. Since you can work directly with sellers, you can resolve any problems there may be whether it deals with your location or payment method so that you can buy Bitcoin regardless of the situation you are in. For those that have an issue with presenting an ID or verification to do payments, LocalBitcoins is a good alternative. Even though a majority may require a form of verification, you can filter out those that do and find the ones that may not require one.
The one main issue with using LocalBitcoins is that the exchange rates are high. For purchasing large amounts of Bitcoin, this can add up to be a lot. If you are looking to save and are looking for the best deal possible when purchasing Bitcoin, LocalBitcoins may not be the best idea for you due to these high rates.
Since LocalBitcoins is a peer-to-peer platform, fraud is common. Whether you are a seller or buyer, you will have to use due diligence when using this platform. A buyer can purchase Bitcoins from you then reverse the payment later or a seller may not deliver the Bitcoins to you after you finish the payment. By using platforms such as Craigslist and LocalBitcoins, it is possible to exchange Bitcoins for cash. This is because the Bitcoins can be sent at the moment the cash is exchanged, resulting in a safe transaction.
The only bad part of this exchange is that there may be a minimum and maximum to how much Bitcoins you can buy, so this is something you should account for when using this exchange method.
Want to see your exchange on this page?
Especially for first-timers from the USA, to be able to buy bitcoins with a credit card often is the only conceivable way. Their levels vary and the reasons behind their existence are not always justifiable. Of all these factors, the only that is a harder to establish is reputation. We take our time to research the cryptocurrency exchange under scrutiny, including bitcoin Reddit reviews and other reputable forums. We try to weed off outright banter and possibly paid smearing posts, but sometimes the bad things far outweigh the good ones. The other factors are biggset easy to evaluate by our reviewers.
Best Cryptocurrency Wallets for 2019
People around the globe have already started talking about it, and thanks to many new startups, even non-technical people are able to purchase Bitcoin these days. But this exclusive guide will help you pick one of the top Bitcoin exchanges around the globe to do business with. Binance is the biggest and rapidly growing Bitcoin exchange that has created the biggest ecosystem around it. Since its ICO to till date, it has grown tremendously and is now placed in the top 10 Bitcoin exchanges in the world. Binance is based out of Malta and offers the biggest marketplace for Bitcoin. Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders.
Summary of the Best Bitcoin Exchanges
Bitstamp Coinbase Coinmama Kraken. Bithumb Coinone Bitconi. BitOasis Karsha. AnyCoin Direct Bitcoin. Binance Bittylicious CoinCorner Coinfloor. Bitso Volabit. Independent Reserve Kiwi-coin. Visit Buy Bitcoin Worldwide for user reviews on some of the above exchanges, or Cryptoradar for comparisons based on prices, fees and biggest bitcoin trading exchange. Bitcoin Exchanges Places to buy bitcoin in exchange for other currencies.
Note: Exchanges provide highly varying degrees of safety, security, privacy, and control over your funds and information. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange. International Bitstamp Coinbase Coinmama Kraken.
Asia Indonesia Indodax. Israel Bits of Gold. Japan bitbank bitFlyer BtcBox. Malaysia Luno. Bitclin Binance. South Korea Bithumb Coinone Korbit. Turkey Koinim. Europe AnyCoin Direct Bitcoin. Poland BitBay. Ukraine Kuna. Africa Nigeria Luno. South Africa Luno. Uganda Binance. Mexico Bitso Volabit. Chile Buda. Colombia Buda. Tgading Buda. Venezuela Cryptobuyer. New Zealand Independent Reserve Kiwi-coin.
How To Trade Bitcoin Cryptocurrency for Beginners
5 Best Pure Cryptocurrency & Altcoin Exchanges
And how does this fee compare to other similar exchanges? Currently, the platform only trades three coins, but has gained popularity and biggest bitcoin trading exchange for its attitude toward cooperating with regulators. Related Terms Bitcoin Exchange Definition A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins biggest bitcoin trading exchange different fiat currencies or altcoins. This term originates from traditional stock market traders who refrain from holding positions overnight. Aside from that, getting a debit card requires identity verification that includes submission of government-issued ID, proof of address, and other personal details that are usually collected from KYC-compliant service providers. Notify me of new posts by email. Traders thus attempt to profit from every phase of the cycle; a lot harder but also far more profitable if achieved. Americans can easily buy crypto with a credit card, debit card or bank transfer ACH. Discipline yourself to make decisions only after calm reflection and beware of anyone rushing you or using FoMO tactics to manipulate your emotions. When searching ecxhange the best cryptocurrency exchange to trade on, try to find out as much as possible about the employed security measures. One of the excyange popular cryptocurrency loan services is Nexo. Fees are usually a exchangge of the transaction and can range from 0. The major downside is that they charge relatively higher fees when compared to exchanges or P2P marketplaces. If you want to find out what other investors are actually paying to buy cryptocurrencies, you should check the trade history. However, others may require to go through a more in-depth review.