Top Cryptocurrency Exchanges

If you’ve been through our previous articles, for now we’ll have knowledge about cryptocurrency, blockchain & the top cryptocurrencies in the market. Maybe some of us would like to start buying cryptocurrency. How do we do that? Through cryptocurrency exchanges. You’d want to know which ones to trust & will want to find the one most suited to you. Look no further! Let’s assess the top cryptocurrency exchanges out there.

"Cryptocurrency Exchange"

Websites where you can buy & sell cryptocurrency, as well as exchange it for other cryptocurrencies or traditional currencies, are called cryptocurrency exchanges. If you want to trade professionally & would like to have some tools to handle your transactions & such, there are sites where you can make accounts (Like giving your username & password then logging in). There are also sites where you can go straight to the transactions without the need of any logging in.

Mainly there are three types of exchanges:

• Trading Platforms are websites that provide buyers & sellers with a platform & deduce a fee for each transaction.
• Direct Trading platforms provide people with person to person trading across the world. They don’t have fixed prices &
  instead let the seller set their rate.
• Brokers are websites anyone can visit to buy cryptocurrency at a price which is set by the broker.

"Tips to find a Reliable Exchange"

It’s important that you have basic knowledge of all aspects surrounding cryptocurrency before you delve into it moreover you should know who you’re going to trade with. Here are some tips on the matter:

• Reputation – The best way to find out if an exchange is worth trusting is to ask the people who have experience with it & also the ones who have experience of the field.
• Fees – The website may have fee-related info on it. Make sure you understand the policies of the company regarding transactions, deposit & withdrawal fees before joining.
• Payment Methods – Credit Cards? Debit Cards? Wire Transfer? Paypal? Which of these methods, & possibly others, does the website support? If it has limited options that means it’s not that easy to use. If you purchase cryptocurrencies with a credit card you’ll always have to verify your identity & it’ll always have a premium price.

"Our Suggestions"

Here are some of the exchanges that we suggest:

"COIN BASE"

• Coinbase – Coinbase is one of the most trusted cryptocurrency exchanges in the world. It has an Android & iOS app that makes it easier to trade. It has a very good reputation & is also beginner friendly. Insurance covers stored currency while the main drawback being that it supports limited countries.

• Kraken – Kraken is a partner in the first cryptocurrency bank & is the largest exchange that deals in Euros. It is a great choice for more experienced traders & provides support for many cryptocurrencies. It also has a very good reputation & is very feature rich while its main drawback being that its interface is not beginner friendly.

• Cex.io – This platform lets users easily trade cryptocurrency for traditional currency & vice versa. The platform provides personalized & user friendly dashboards for traders that want to do margin trading & it also provides an extremely simple way for novice traders to buy bitcoin. It’s website with good reputation, security, mobile support, beginner friendliness. The main drawback is that its depositing is expensive.

Now you can start trading & delve into this amazing new way of exchanging currency.

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