Cryptocurrency Exchange or Digital Currency Exchange is a business that involves the exchange of cryptocurrencies with other assets, such as money or any other digital currency. It is a web service that provides e-transactions with e-mails for a fee.
Any transaction or transaction on the digital currency exchange can be carried out by debit-credit cards, postal money order or any other type of money transfer. This article discusses the various cryptocurrency exchanges that make it easy for beginners to trade cryptocurrencies, what they offer in terms of accessibility, ease of use, security, deposit / withdrawal methods, and fees. We hope this cryptocurrency trading guide helps you get started on cryptocurrency exchanges.
Coinbase / GDAX:
Coinbase is one of the largest cryptocurrency exchanges based in San Francisco, California. Available in 32 countries, it currently serves more than 10 million customers. Launched in 2012, it has an easy-to-use interface that makes digital currency exchange an easy task for the non-technical person. It is also available for iOS and Android. Unfortunately, Coinbase does not provide cryptocurrency mining for beginners, it only provides exchanges.
It currently offers four coins: Bitcoin, Bitcoin Cash, Ethereum և Litecoin. It exchanges digital currency in US dollars, euros and British pounds. With minimal transfer fees, Coinbase has never had any security breaches, making it the perfect platform for digital currency exchange. In addition, Coinbase also offers a fully advanced exchange called GDAX. It offers more advanced features և different և better merchant fees than Coinbase.
Bitstamp is one of the platforms that provides digital currency exchange. It is relatively easy to use է offers more advanced features through TradeView. Bitstamp offers coins such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash և Ripple. It exchanges digital currency for US dollars and euros. You can use practically all the latest cryptocurrency trading techniques on this exchange.
It offers home deposits via bank transfers և supports debit / credit cards. The only downside that can be found on Bitstamp is the slightly higher fees – the fact that it has had one security breach during its 7 years of operation. However, it is one of the most reliable exchanges. It is available on both iOS and Android.
Gemini is a UK based company founded in 2015 by Winklevoss twins. It is available in several countries, including the United States, Canada, Hong Kong, Singapore, and South Korea. One of the disadvantages of this platform is that it is not very user friendly. Thus, beginners are not recommended to use this platform.
It offers two coins և 1 FLAT currency Bitcoin Cash, Ehtereum և USD. The twins follow strict protocols when it comes to security, նա as of 2018, he has not encountered any security breaches, thus making it one of the safest and most reliable digital currency platforms. However, it is possible to have digital currency investment strategies before you start trading.
Digital ticks is a modern crypto exchange that aims to be a game changer in this area. They have introduced many of the latest techniques that make it easy for anyone to start a business.
It has a unique feature called Single Portfolio View, which allows traders to see all the positions in a single portfolio. It will be easy for traders to make informed decisions about cryptocurrency exchange using this unique feature. It also supports Bitcoin, Ethereum, Litecoin and Dashcoin.
Kraken is one of the oldest cryptocurrency exchange platforms. Launched in 2011, Kraken is the largest stock exchange in terms of trading volume of euro pairs. It serves all over the world, including the United States.
Kraken offers a range of coins, including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and many more. It also supports deposits / withdrawals via bank transfers and cryptocurrencies. With a less-than-friendly interface, it also suffers from stability and performance issues, but it is still a good platform for exchanging cryptocurrencies.
Bitfinex is the largest cryptocurrency exchange platform. Launched in 2012, it has an easy-to-use interface, offers a number of advanced features such as margin trading, margin financing, and more. It is available for both iOS and Android platforms. It offers BTC, BCH, ETH, LTC, IOTA, XMR և NEO.
Like previous cryptocurrency exchanges, it supports cash transfers in US dollars and euros via bank transfers. Bitfinex had two security breaches, the first being in May 2015, which resulted in a loss of $ 330,000. And the second, in August 2016, which led to a loss of $ 72 million.
EtherDelta is a decentralized exchange that facilitates direct communication with partners. It is very different from the previously discussed cryptocurrency exchange platform. The funds are stored here on a smart contract on the Ethereum network, from which you are solely responsible for the deposit: withdrawal. EtherDelta currently only supports Ehtereum-based tokens.
EtherDelta has a rather confusing interface that makes it difficult for users to exchange cryptocurrencies. Once upon a time, someone tried to buy 750 Kyber 0.007 ETH each, but eventually bought it at 0.007 KNC for 750 ETH.
After looking at the various cryptocurrency exchange platforms, we can confidently say that Coinbase և Bitstamp stands out for its good features such as security, user-friendly interface, multiple withdrawal / transfer methods և much more.
I would not call them perfect, but I would recommend it as the safest bet you can make. Each cryptocurrency exchange platform is unique, has its advantages and disadvantages. We just have to choose the one that suits our needs. We hope this guide to major cryptocurrency exchanges աջ offers you a journey through cryptocurrency trading.