Types of Bitcoin exchange markets
Bitcoin is undoubtedly the money of tomorrow and is quickly becoming a household name as well as business name. But, investors have to find the right platform fitting their requirements to trade the non-fiat currency. Thanks to these platforms you can now buy and sell the crypto from any part of the globe. Discussed in this piece are the exchanges that are believed to be the safest thanks to the millions of users in each.
Binance is first in discussion being the largest of all financial services that are crypto-based. Here, you can buy/sell the coin using a credit and later trading it for other currencies in the site. When! You visit the Google Play Store on your mobile device you can find its fully functional mobile app. This app, by far is the most used Bitcoin app globally according to statistics.
The second exchange is CEX, it’s among the most trusted ones in the industry. Fees here are quite cheap as they only charge a quarter percent and its security system supports multiple payment methods. Payment options include debit and master cards the likes of SWIFT, SEPA and ACH and also supports tether (USDT) which is required in trading Bitcoin. Their services are offered globally including 31 states in the United States and was found back in 2013.
Coinbase, is another and is among the most popular exchanges of Bitcoin in the United States. Having one of the most user-friendly interfaces, users can use their android application to trade. Though its services are not offered in all the countries, it operates in multiple regions globally. Following the exchange closely, is Kraken, based in San Francisco USA you can trade BTC for other coins like Ethereum on the platform. Services are offered around the globe and you can financially support your account using fiat currencies such as USD, euro, yen and much more
Clean and easy to use Bitrex, makes number five of this list, its US-based and provides users with the option to trade nearly 200 Cryptos at a go. They are obedient to the county’s current rules, so traders don’t have to worry about their assets security. In terms of trading volume of BTC, it has the largest of all exchanges on the planet. It may not offer options for paying with fiat currency but, provide access to advanced trading tools.
In terms of trust and trading volume of cryptocurrencies no other platform beats Poloniex. To get started, you simply need to deposit USDT or any digital currency. Especially if you are dealing in Altcoins this is your contender in the industry. Bitstamp, claims to be the first licensed exchange in the industry though it hasn’t really been confirmed yet. For traders looking for advanced exchange for buying and selling BTC Bitstamp is one to take into consideration. This type of technology will allow future generations to trade much safely and easily. Because their intangible nature, makes them hard for pick pockets or muggers to steal from you.
Therefore, becomes more advantageous and while at it, reducing the number of banks and other financial institutions.