In the last few years, the digital currency has become a new reality. A number of people are attracted to this new and exciting transaction method. There are a plethora of digital currencies available in the market. However, slowly and steadily Bitcoin and Altcoin are grabbing the attention of a large number of investors worldwide. There are still people who find it hard to digest the unprecedented rise of Cryptocurrency. And, they have their own share of apprehensions and doubts about the authenticity of this currency. Nevertheless, seeing the current trend, it would not be hard to predict that Cryptocurrency and digital currency will be the future.
With more number of people displaying their interest in buying Cryptocurrency. It is common to see various forums and Q&A sites flooded with these questions about whether to buy Bitcoin or Altcoin. or What are the best Cryptocurrency exchanges?
Hence if you are interested in investing in Cryptocurrencies such as Bitcoin and Altcoin but lack of proper guidance don’t know which are the best cryptocurrency exchange platforms to invest in Cryptocurrency. We have consolidated the list of best Cryptocurrency exchanges have a look.
1. Binance
Binance is considered to be one of the fastest-growing exchanges that concluded its ICO in recent months. It is based in China but it does not cater to China but is open to almost all other countries around the world. Since the inception of Binance, it has gained immense popularity and now it has been placed among the top ten cryptocurrency exchanges around the globe. There are almost 140 altcoins listed in this exchange which are constantly increasing. The reason behind its being hugely famous among investors is its low trading fees. The standard trading fee is 0.1% which is exceptionally low as compared to the other peers. The above-given fee can further reduced if your trading fee in BNB. BNB is a native currency of this platform.
Binance is one of the few cryptocurrency exchanges that provide an Android and iOS app for trading. It is extremely easy to start trading on Binance. To do so, you are required to simply complete the registration process and you will obtain a free QTUM coin as a kind gesture. Thus, if you are new to the cryptocurrency world, so we would recommend you to start with this platform.
2. Bittrex
This is another excellent cryptocurrency exchange platform that offers great trading features to investors. It is basically a U.S based cryptocurrency exchange that gives you a chance to trade in more than 190 cryptocurrencies at a time. It manages one of the largest BTC tradings in all available exchanges around the world. Bittrex is well-regulated and adheres to all rules and policies of the U.S. giving it an edge over the other cryptocurrency platforms. The best thing about Bittrex is that it leverages investor’s or users opportunity to determine the rates in which they want to trade and in return, Bittrex deducts a small fee for using this platform. It is extremely easy to use this platform. You need to sign up using your email id and start trading. However, if you to withdraw funds then you need to do a KYC which is a mandatory step before you can withdraw the funds. You are required to submit various documents and your number. However, this process is extremely fast and won’t take a long time.
The important point to keep in mind is that Bittrex is a “crypto-only” exchange hence it does not permit you to deposit Fiat currencies.
3. Coinbase
By far it is considered to be the best exchange for cryptocurrencies like altcoin, bitcoin, and Ethereum. It was founded in the year 2012. The best thing about the Coinbase is that it allows the investor to make recurring purchases to invest in different Cryptocurrencies. The Coinbase permits investors to deposit fiat currencies such as USD, EUR, GBP, etc. Coinbase has its own wallet available for Android and iOS. You can download it on your phone or desktop and start trading.
4. Changelly
The company was founded in 2013 and it was created with the intention to remove all the technical limitations of traditional trading platforms. Basically, Changelly uses automatic robots that integrate with various cryptocurrency platforms such as Bittrex and Poloniex. The pros of Changelly are that it does not ask you to create an account or register on its platform. You can proceed with the trading without any verification which is an excellent feature because it saves you time. It has already more than 700000 customers and processes more than 50000 BTC. It offers the exchange of more than 80 Altcoins and tokens.
5. HitBTC
HitBTC is a European-based bitcoin exchange that promises to be the most advanced Bitcoin exchange. This exchange offers trading of a large number of currencies such as USD, EUR, GBP to BTC and common crypto to crypto trading. This exchange is steadily gaining popularity. The security of this platform is robust. It provides two-step verification that ensures the safety of this platform. It is simple to get started with the trading, however, similar to other exchanges to withdraw funds you need to submit KYC and other documents. The rates to trade on this platform is quite low.
6. Cryptopia
This exchange is slightly different from the other available exchanges. It primarily focuses on providing a better user experience to investors and traders. The Cryptopia marketplace helps you to sell anything to anyone around the world. To make cryptocurrencies easy to access they have created services such as mining pools, exchange service,s and support frameworks for all coins.
7. EtherDelta
It is basically a decentralized cryptocurrency exchange. It is dedicated entirely to ERC20 tokens and Ethereum trading pairs. If you are a beginner then you should avoid trading on this exchange because it is complicated. Moreover, the user interface is awkward and challenging.
However, compared to the other exchanges it offers excellent security and the most streamlined trading experience. The trading fee is extremely low which is also another plus point. The trading fee is only 0.3% which does not put any extra burden on traders.
Hence, these are various popular cryptocurrency exchange platforms.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.
