Do you want to invest in Bitcoin? If you are new to this world of crypto and blockchain, you may have a hard time finding the best exchange. It is very important to choose an exchange with a good reputation, a suitable set of features, and that offers the currencies that interest you most to trade.
Here are some of the major currency exchanges worth looking at:
Best for BTC
Coinbase is based in San Francisco, California. It is one of the popular exchanges. It offers low rates on transactions. Coinbase charges 1.49% commission for bank purchases and a 3.99% commission for credit and debit purchases. These rates are on the low end compared to other brokerages.
The exchange has recently expressed interest in adding various other cryptocurrencies, such as 0x, Stellar Lumens, Cardano and more. Coinbase’s lack of alternative currencies has hurt them in the past, but it’s possible to start seeing more variety soon.
eToro is one of the first CFD providers to offer crypto on its platform. Its greater liquidity allows easier entry and exit, reducing the probability of slippage. It is regulated FCA and CySEC provide increased safety.
With an extremely easy-to-use interface, it is a huge draw for beginners looking to invest in crypto for the first time.
Best for Altcoins
Binance Exchange now needs no introduction as it has been ruling the cryptocurrency market for months.
Binance exchange is good for both beginners and advanced users. They also have a built-in option in their user interface to switch between the two modes, a feature that makes their user interface very easy to use.
Also, you will never face a liquidity issue when using Binance as it consistently ranks in the top 5 best CMC exchanges by volume.
This exchange is one of the first crypto exchanges on the market. It is a FinCEN-registered money services business and operates under strict compliance with security standards.
CEX covers 99% of countries and offers a wide range of trading opportunities for Bitcoin and Altcoins, including margin trading.
It supports multiple fiat currencies such as USD, EUR, GBP, RUB, and allows you to deposit and withdraw money using credit cards and bank transfers.
Coinmama is a digital financial services company that has been operating since 2013. During this time it has earned a good reputation in this space for providing fast and secure access to the most popular cryptocurrencies such as Bitcoin and Ethereum, among others.
One of Coinmama’s strengths is the fast and secure service it provides to buy cryptocurrencies through credit and debit cards or bank transfers.
10% Fee Discount
BitMEX is also one of the leading exchanges. Users can trade crypto derivatives with leverage of up to 100x. The pairs include BTC / USD, BTC, ADA, BCH, EOS, ETH, LTC, TRX, XRP.
Arthur Hayes, CEO of Bitmex, has used his experience as a stock derivative trader to get Deutsche Bank to design, build and maintain exactly the type of platform that users are looking for.
Among many features in favour of this service, one of them is the variety that it offers users when it comes to paying for their Bitcoins. It has more than 300 available methods, such as Apple Pay, Facebook Messenger, gift cards or more traditional methods, such as credit, debit or electronic wallets.
It’s easy to use. For both buyers and sellers, the process can be simple and fast.
xCoins is a peer to peer Bitcoin loan platform that connects lenders with borrowers. In this sense, the platform only acts as an intermediary that facilitates the transaction; the loan itself occurs between two people.
Another positive aspect of xCoins is that lenders can register on the site at no cost. As lenders, the user can set their own interest rate, charge the loan initiation and the PayPal processing fee. In this sense, the interest rate that xCoins recommends to new lenders is 15%.
Coinmotion is a platform belonging to the Prasos company, which has more than 80,000 satisfied users and who see in this organization a totally stable system to store their financial resources there.
To determine the levels of trust that can be placed in Coinmotion, it is necessary to highlight that the company to which it belongs, Prasos, has focused on offering secure services for the exchange, commercialization, and storage of cryptocurrencies. Its operations have reached close to 5 million Euros in income during its last year of operations. It is a guarantee that establishes broad references to be able to trust your system.
Changelly is one of the popular exchanges, a platform that will allow you to exchange your digital currencies quickly, and you will be able to choose from around 20 available cryptocurrencies.
One of the main objectives of this company is to end both technical and bureaucratic barriers between customers and this new world of digital currencies. It is offering the possibility of acquiring them using other cryptocurrencies as a means of payment and paying a small commission for these services.