Safe Trading Platforms

Bitcoin Trading

Bitcoin is the first decentralized cryptocurrency and the first digital currency to implement a blockchain, back in 2009.

The blockchain organizes all bitcoin transactions into an irreversible distributed database spread across nodes in a peer-to-peer network, and is synchronised through a decentralized mechanism referred to as “proof-of-work”.

Because of its groundbreaking use of technology, Bitcoin has been incredibly popular for years. Some may predict that its value is going to decrease more, but some experts also says that now is the time to invest.

In this article, where going to show you five popular and safe platforms to buy Bitcoin.

1. Coinbase

Coinbase was founded in 2012, and is said to be “the most trusted platform”. The platform operates as a digital currency wallet and platform, and has more than 30 million users worldwide.

Here, both merchants and consumers are able to transact digital currencies like:

  • Bitcoin
  • Ethereum
  • Litcoin

The Coinbase company is based in San Francisco, USA.

2. Changelly

Changelly is an instant and intermediary platform between its users and cryptocurrencies. They offer more than 150 currencies, and according to them, they offer the best rates on the market. This platform offers secure transactions, good exchange rates and a convenient interface. Each transaction takes 5-30 minutes.

Changelly charges a 0.5% fee for crypto swaps, and i’s free to sign up.

3. Bitmex

Bitmex is a peer-to-peer trading platform, and they only handle Bitcoin, meaning they don’t handle fiat currency.

This is a platform that allows trading with a high amount of leverage, and there is no expiry on any of the trades. It also uses the underlying index price, and not the last traded price. This means that no one can manipulate the order book and cause inaccurate liquidations.

Read more about Bitmex here.

4. Binance

Binance is one of the largest exchange platforms, and is suitable for everyone who has han interest in Bitcoin. The platform never has any liquidity issues, and it is well-known for its secure transactions and user friendly interface among users worldwide.

You can access this platform through the Binance app, from your mobile or desktop, meaning you will be able to trade from anywhere. You can always stay connected and updated on the latest charts and markets.

There is a general 0.1% trading fee.

If you’re new to the Bitcoin world, this is definitely a safe place to start.

Read more about Binance here.

5. Bittrex

Bittrex, too, is one of the largest cryptocurrency exchange platform in the world. They say that they “are committed to being a driving force in the blockchain revolution”.

This is a safe platform, which incorporates multiple layers of protection. They do so by using the most reliable security technologies. This way, they keep your funds stored safely.

The platform offers a custom-built trading engine, which was designed to be scalable and to make sure that orders happen in real-time. They also offer safe and fast deposits and withdrawals.

Bittrex was founded in 2014 in the U.S.

What to Be Aware of

If you’re new to the Bitcoin world, there are a few things you should be aware of before you start.

  • Never give away your private key! Your bitcoin-address is a public address that you do need to provide in order to receive bitcoins. However, your key is not public information and should be kept private and secured at all times.
  • Protect your bitcoin-wallet. Use a secure password, and two-step authentication
  • If you have a lot: don’t store everything in one wallet. Think of it as a physical wallet. Would you store all of your cash in one place if you had a lot?
  • Remember to think of a way for your loved ones to access your funds in a worst case scenario.

Good luck!

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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