Home » Top 5 Exchanges For Cryptocurrencies

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Cryptocurrencies are experiencing a huge spike in popularity around the world in 2017. As an outcome, a lot more people are thinking to invest in cryptocurrencies exchanges.

Before investing in cryptocurrencies, you must understand this phenomenon. A cryptocurrency is a virtual or digital currency that does not involve any third party; banks or financial institutes to provide maximum security and protection. Today the most important cryptocurrencies are bitcoin and Ethereum.

There are different platforms for buying and selling of cryptocurrencies. These platforms are online websites that allow buying, selling, or exchange of cryptocurrencies like bitcoin, ethereum, and litecoin for tangible fiat money like EUR, USD, and GBP.

These platforms are generally known as cryptocurrencies exchanges. The cryptocurrencies platforms differ due to the different price and fee they charge.

“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.” – Nassim Taleb

In this article we are going to discuss top cryptocurrency exchanges:

1.Kraken:

This cryptocurrency platform was established in 2011. It is one of the largest bitcoin exchange service platforms in terms of liquidity and euro values. Kraken does not only deal in bitcoin exchange but it also offers exchanges for other currencies like ethereum, XMR, ETC, LTC, and Ripple.

kraken works with wire transfer and accepts currencies like USD, JPY, CAD, and GBP. It provides robust security features. their account security requires two-factor authentication. That prevents hacking and other malware attacks.

kraken is the most trusted platform and charges fee (0.26% taker/ 0.16% maker). This is the most popular exchange’s platform and if you do some decent amount of sales you can get fee reduced a lot.

2. Gemini:

Gemini is another popular cryptocurrency exchange platform. It is based in NewYork and operates fully licensed and registered to provide ETH and BTC exchange services. This platform provides full assurance and security to its customers. All the deposits are kept at banks that are FDIC insured.

Gemini works with both bank transfers and credit/debit card payments. If you place high-value orders, you can get a huge discount. This platform operates in 42 states in the US as well as other countries like Japan, Singapore and Canada.

This cryptocurrencies exchanges. platform has low fee and offers high security, ultra modern cold storage system to store information offline, access controls and also provides multi-factor authentication.

“So my view’s quite clear. I believe cryptocurrencies, Bitcoin is the first example, I believe they’re going to change the world.” – Richard Brown

3. Coinbase

Coinbase is the largest exchange platform for cryptocurrenicies. It has more than 10 million registered users. Coinbase offers exchanges for ethereum, litecoin, bitcoin and bitcoin cash. This exchange platform is relatively easy to use and you can easily make your account and start buying your first cryptocurrency.

It allows the purchase of cryptocurrencies via USD. It provides security and offerstwo-way authentication security system to keep your account safe.

Coinbase operates in different countries and it has a popular feature known as GDAX platform. GDAX stands for Global Digital Asset Exchange and it operates as a trading platform cryptocurrencies. You can make your transfers via credit/debit cards and bank transfers. The fee for card transactions are higher and goes upto 5%.

4. Binance

Binance is new crypto exchange platform but it has gained a lot of popularity among its users. It offers the wide range of cryptocurrencies that are available to purchase and trade. Binance offers a feature of basic and advanced view which you can switch easily.

The fee charges of binance are comparatively very economical and it allows you to register and trade immediately without having to verify your account. It allows users to withdraw up to 2 BTC per day.

Moreover, you can also withdraw higher amount but you need to provide your picture for security purposes. It is gaining a lot of popularity due to its high speed, ease of use and low fee charges.

5. Bittrex

Bittrex is U.S based trading exchange for cryptocurrencies exchanges. that offers over 250 trading pairs. That means you can invest in a lot of altcoins using just one single exchange platform. This one astonishing feature of bittrex is enough for the popularity it enjoys. Furthermore, it provides really high security measurements for the users.

The most popular trading pairs of bittrex are BTC and ETH. It does not offer any fiat-to-crypto pairs such as USD, EUR, or British pounds. It operates with the wired bank transfers in order to use USDT for crypto-to-crypto exchanges. Bittrex requires full verification and at least $10,000 USD for even the initial transfer.

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The most important features of bittrex that helps the exchange platform to standout are;

  • Fast deposits and withdrawals
  • Custom built trading engine
  • Customer support
  • Highly secure platform
  • Accessibility
  • Transparent transactional fee of 0.25% on all trades

“The blockchain keeps everyone honest, and a whole layer of banking bureaucracy is removed, lowering costs.” – Paul Vigna

Conclusion:

As the concept of cryptocurrencies has been emerging in past years. It is very important to understand the importance of crytocurrency trading platforms. In this article we have discussed some of the most popular and trustworthy exchange platform for cryptocurrencies. This article is helpful for the investors wish to invest in crptocurrencies.