5 Best Pure Cryptocurrency & Altcoin Exchanges

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In this piece, we take a step-by-step look at how to use Binance and conduct a trade on the exchange. The terms also state each user must be at least 18 years of age. Binance reserves the right to cancel or freeze any account If the terms are disobeyed.

If the restrictions do not apply to you, to sign up simply navigate to the homepage and click register. You will then be asked to enter a minimal amount of personal information such as your email address, password, and a referral ID if you have one. Binance has a feature that allows users to purchase certain cryptocurrencies directly with their Visa or Mastercard credit card. You will then be required to enter the purchase amount of the desired cryptocurrency and whether you will be paying with the US dollar or euro.

After completing this step, you will need to confirm your billing information, email address as well as your identity. Once all of the required steps have been completed, the newly purchased cryptocurrency should reach your Binance wallet within minutes.

You can also make a deposit by sending funds from a separate cryptocurrency wallet into your Binance account. On this page, you will see all of the cryptocurrencies available for trading on Binance. Next, either scan the QR code from your cryptocurrency wallet or paste in the address and then send. Here, you will again see all the cryptocurrencies that are tradable on Binance and their respective markets. Plus, most cryptocurrency exchanges have a similar trading interface so what you remember here, in all likelihood, will be relevant elsewhere.

Here, you will see all active buy and sell limit orders. The right side of the page is more simple — the above section shows the other cryptocurrencies that can be traded and the lower section shows the public trade history of the market currently being viewed.

Here lays a chart feature that shows real-time price action and technical analysis indicators. If certainty of execution is your priority, select market order. If you are interested in only buying at a specific price level, select either limit or stop-limit order. Binance has a useful shortcut for entering the purchase amount and it is based on a percentage of your bitcoin balance or any other appropriate trading pair.

When it has been filled, it will show up in the lower box highlighting your hour order history, just as how this order has below. Paste the address and select how much you want to withdraw. The Binance Launchpad is a token launch platform exclusive to Binance and plans to offer token sales for new projects. Binance handpicks which tokens to launch based on a number of factors including project maturity, scalability and adoption readiness, team quality and the ability of the project to benefit the broader cryptocurrency ecosystem.

To ensure the sales are being conducted in compliance with regulatory regimes around the world, each user must verify his or her Binance account.

Completed token sales, as well as those scheduled for a future date, can be seen on the home page of the Binance Launchpad. If you successfully participate in a Launchpad token sale, the tokens will be automatically credited to your Binance account.

Like most modern cryptocurrency exchanges, two-factor authentication 2FA is enabled on Binance and is highly recommended to be set up in order to add an extra layer of protection to your account.

In order to do so, navigate to your account summary by clicking the user avatar in the top right of the home page. Once directed to your account page, a prompt will likely appear suggesting you to enable 2FA, which happens to automatically pops up when a new user accesses this page. With the SMS version, simply enter your mobile phone number and the verification code sent to the corresponding phone and you will be all set.

Next, you will be asked to write down a word recovery phrase to be used as a backup in case you lose access to this google authentication. Once complete, this form of 2FA security will be complete.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. An early market entrant, Bitfinex has experienced the bumps and bruises that accompany such distinctions. In June of that year, it was further fined by the U.

Commodity Futures Trading Commission. Still, Bitfinex battled back, issuing a cryptocurrency to users that represented their claims on crypto lost in the hack in an innovative first.

It would buy back all those tokens by April This makes the exchange highly liquid in addition to offering a sizeable collection of tradable crypto assets.

Head over to the Bitfinex website and go through the signup process by fulfilling your basic information such as your name, email and desired password. Run through the process of verifying your account with the email link provided and begin to familiarize yourself with the platform. After completing the process you will be sent an email link to verify and finalise your 2FA. Margin trading attracts a higher profit potential than traditional trading but also greater risks. In our case, we were trading with bitcoin BTC and decided it was time to take a 2 percent profit.

We chose bitcoin amongst the list and entered another separate wallet address that we owned. Sometimes the process can take up to a week if the exchange is going through difficulties such as recent events that have seen a 5-day limitation on fund withdrawals. Tip: Litecoin and XRP offer quick speeds when transferring funds from the exchange to a separate wallet address. BitMEX is probably best known for its margin lending capabilities, which allow its users to conduct a leveraged trade as high as times, significantly amplifying the profit potential as well as potential losses.

There are no trading limits on BitMEX aside from an over 18 years age restriction, however, users should also be aware that BitMEX does not currently offer support or registration for U. S citizens due to ongoing legal compliances. Users will need to register with the website in order to create an account and provide a genuine email address to start the registration process.

Instead of diving straight into trading, let us first assess your security and deposit funds into your account so that you may begin doing so. This barcode provides you with a unique code specific to your account for you to use via Google Authenticator. You will then be signed out and forced to re-enter your login details except for this time you will need your 2FA security key as well. BitMEX does not charge for withdrawals or deposits, instead, it charges a network fee based on the size of the transaction, but take note that the exchange only accepts deposits in bitcoin BTC and serves as collateral regardless of whether or not the trade includes BTC.

Any unsupported coins sent here will be lost. Directly underneath that tab, there is a list of coins ranging from left to right representing the available tokens for trade on the exchange. The order book shows three columns — the bid value for the underlying asset, the quantity of the order, and the total USD value of all orders, both short and long. While on the far left you have a choice to either long, a particular asset or short it, for now, you should concern yourself with the spot price of assets rather than dabbling in any leveraged trades or futures markets.

By choosing to remove certain windows you can streamline your information flow to increase the quality and relevance of the data you are receiving. Note: BitMEX fees are much higher than on conventional exchanges because the fee applies to the entire leveraged position. Here you will find the option to send to a particular wallet address, the specific amount in bitcoin XBT as well as the desired network fee.

Bitcoin transactions are prioritized on the network by fee meaning the higher the fee the faster the withdrawal process takes to complete. Note: BitMEX recommends a minimum fee of 0. Perpetual swaps are similar to futures, except that there is no expiry date for them and no settlement. They also tend to trade close to the underlying index price, unlike futures, which may diverge substantially from the index price.

BitMEX can, therefore, be complex and difficult to navigate at times if you are uncertain how these financial instruments operate but also possesses the potential to maximize your earnings through futures markets, leveraged trading and perpetual swaps.

Now eight years old, Bitstamp has currently amassed over 3 million users, largely in Europe. Once based in Slovenia, Bitstamp is now regulated by the Luxembourg financial regulator, the Commission de Surveillance du Secteur Financie, a distinction it achieved in This means if you have an interest in trading a select few cryptocurrencies from one of the more established exchanges in the industry, and are based in the regions in which it offers services, Bitstamp might be the best option for you.

The first step in using any cryptocurrency exchange is signing up and getting your account activated. To do this, simply navigate to Bitstamp. You will then be prompted to select whether your account will be for personal or corporate use. The personal information requirements also differ amongst exchanges during the signup process. With Bitstamp, the personal information required to verify your identity is quite extensive compared exchanges like Binance that only require for your name and email address to create an account.

Like most cryptocurrency exchanges, or at least those taking extra measures to secure user accounts, Bitstamp has option 2-factor authentication 2-FA. To proceed, the user will need to have Google authenticator installed which will present a six-digit code when paired with his or user Bitstamp account. Next, simply enter this code and the account will now be secured with another layer of protection.

Once enabled, the user will need to enter this six-digit code shown in the app during each login attempt. Once your account has been verified, all trading functions will be accessible but funds will need to be deposited in order to do so. A feature more exchanges are beginning to incorporate is the ability to purchase cryptocurrency directly on the exchange via credit card payment.

Note : If you would like to purchase funds and add them to your account as quickly as possible, this route is a much better option than buying through a separate fiat onramp and then sending the funds to Bitstamp as long as you are willing to pay a credit card processing fee. Similar to most exchanges, when the option to deposit a particular cryptocurrency is selected, you will be presented with your deposit address and its associated QR code.

Using a mobile wallet to scan the QR code is most likely the fastest and easiest way to send funds, but the address can also be copy and pasted. Bitstamp is unique in that it allows users to trade cryptocurrencies in a variety of ways that appeal to both users with novice and advanced levels of trading expertise.

The simplified trading interface essentially allows the user to place the same type of orders as the advanced interface but presents the features in a more beginner-friendly way without a live price chart and a full order book that can be distracting or intimidating to new cryptocurrency buyers.

On the simplified trading page shown below, the user has the option to conduct five different trade types as follows:. As with most advanced cryptocurrency trading interfaces, there are 5 key components:. Bitstamp allows funds to be withdrawn to an external digital wallet and EU or international bank. Similar to the depositing process, you will be prompted to enter or confirm your banking information if withdrawing via an EU or international bank, or your destination wallet address and withdrawal amount if withdrawal via cryptocurrency is selected, as is shown below.

US-based cryptocurrency exchange Bittrex is one of world largest cryptocurrency exchanges, often finding its way into the top 3 US exchanges in terms of trading volume. Based in Seattle, Bittrex is also one of the largest suppliers of alternative cryptocurrencies, which currently lists hundreds of different coins to choose from.

Founded in by Bill Shihara and two business associates, all of whom worked previously at Microsoft, helped shape Bittrex into the renowned exchange it is today. Upon signing up you will be prompted to enter an email address and desired password before you receive a link to verify your account in your email inbox. Once you have submitted the appropriate documentation for the process you will be redirected to another page to await verification, which takes about 10 minutes.

You should get approved after minutes of wait time. Once you have made a deposit i.

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Best Cryptocurrency Wallets for 2019

Safety rules are written in blood. That statement is familiar to every soldier serving his or her country. So how can one avoid such mistakes and stay in the green? Secondly, trading is not for everyone. After all, humans are not rational. Not all traders are profitable since this is a zero-sum game for everyone who benefits, someone else loses on the other side. Large whales drive the altcoin market — yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book. The whales are just waiting patiently for innocent little fish like us until we make trading mistakes. Even if you aspire to trade daily, sometimes it is better to do nothing instead of jumping into the rushing water and exposing yourself to substantial losses.

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