Cryptocurrency exchanges are the platforms that allow you to trade fiat currency (USD, EUR, etc.) for a cryptocurrency (Bitcoin, Ethereum, etc.). These exchanges come in many different shapes and sizes and vary in complexity. Some exchanges will allow you to trade cryptocurrencies with other cryptocurrencies, while others only deal in fiat currency. For example, if you live in the United States and want to buy Bitcoin using U.S. dollars, you would need to register on an exchange that deals exclusively in fiat currency such as Coinbase, Binance, or Gemini.
Binance
A rapidly growing crypto exchange that offers a trading platform for users that is somewhat similar to Bittrex but with fewer coins offered. The key difference is that Binance supports multiple cryptocurrencies, and focuses primarily on trading between cryptocurrencies. It was created by a team of fintech and crypto experts – many from China, but now based around the world (Hong Kong, Tokyo, London). The founders designed it to be easy to use while also ensuring that it is secure and stable. Some users have criticized it for not being user-friendly enough (which can be a barrier when attracting new people to join) although beginners should find it pretty easy to navigate its features. Its focus is mainly on trading, and there are no additional tools such as charting or order books.
It’s a good option if you want to trade quickly without having to pay fees (there are some exceptions where you will need to pay fees). As you don’t need any extra accounts or verification processes. You can buy using both fiat currency (USD/EUR) and cryptocurrency. Making it one of the few places where you can purchase altcoins using your fiat currency.
Coinbase
Start trading Bitcoin, Ethereum, and Litecoin for free. Get $10 in free Bitcoin when you sign up and buy or sell $100 worth of any digital currency. The largest US-based cryptocurrency exchange. A trusted beginner-friendly exchange with a simple, easy-to-use interface.
Bybit
The Bybit Exchange is a cryptocurrency-only exchange that offers a wide variety of coins. Based out of Hong Kong, users can purchase crypto assets using dollars or euros. The platform also offers margin trading for those who want to leverage their investments. (Source: Bybit – Official Site, Bybit, last accessed January 31, 2018.)
KuCoin
The KuCoin cryptocurrency exchange is another popular trading platform that also has its own coin/token (KCS). While other exchanges charge a flat fee for trading, at KuCoin, users are charged based on market share. Fees range from 0.1% all the way down to 0.0075%, depending on what order you enter your trade. In addition, users receive passive income for holding KCS tokens in their accounts, giving them an incentive to hold rather than withdraw funds from their accounts.
FTX
Here’s one cryptocurrency exchange that offers a myriad of digital assets. The company has been around since 2017 and accepts several fiat currencies, including USD, EUR, JPY, and GBP. With such a diverse selection of coins available on their platform. You’re bound to find one that fits your personal preferences and needs. Better yet, FTX also provides other trading pairs for your convenience.
Huobi Global
Founded in 2013. Huobi Global is a digital asset trading platform that has grown into one of the world’s largest cryptocurrency exchanges. The Chinese exchange offers more than 190 token-tokens for trading and claims to have a daily turnover of over $1 billion.
Inchexchange
With over 50,000 customers and a $7 million investment from Barclays Techstars, IncHexchange is quickly becoming one of the most innovative cryptocurrency exchange platforms on Earth. If you’re looking for an alternative way to buy and sell cryptocurrency, or if you just want some peace of mind when making an online purchase, IncHexchange has got you covered. I recently used IncHexchange for my first ever cryptocurrency purchase and had no trouble whatsoever.
CEX
The best cryptocurrency exchange for beginners. The platform is easy to use and has good customer support. Its drawback is that it offers less than 15 cryptocurrencies for trading.
Bitfinex
To be or not to be, that is always a question. But for Bitfinex, it’s an exciting invitation for traders looking for speed and security. This cryptocurrency exchange offers investors fast transactions as well as state-of-the-art security features designed to keep your coins safe at all times.
Gemini
If you’re looking for a fully regulated exchange where both advanced and beginner traders will feel at home. Gemini is one of your best bets. It supports fiat deposits, so it’s also a good option for investors. Who is trying to decide whether or not cryptocurrency is something they’d like to get into long-term. Gemini trades in every major cryptocurrency and has a number of pairs with bitcoin (BTC), meaning that. You can start buying all kinds of other digital coins simply by trading bitcoins for them.
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