The first time you dive into the cryptocurrency industry will probably be through an exchange. So, it’s important that you understand the two main types of exchanges available. There is the fiat exchange which allows traders to buy cryptocurrency directly with fiat money and there is the cryptocurrency exchange that only allows crypto-to- crypto trading. If you intend to trade Bitcoins, then this review should help you make a choice on which exchange is best for you.
Top 5 Exchanges For Trading Bitcoins
Binance is the world’s largest Bitcoin trading cryptocurrency exchange. It is based in Hong Kong and has a rather impressive trading volume. It has options for advanced trading and beginner trading depending on your level.
Coinbase is one of the most popular, if not the most popular crypto exchange, in the industry. It is the easiest exchange for new traders because it has a beginner friendly interface that beginners can quickly understand. You can make recurring purchases on Coinbase, and it charges relatively low fees.
Gemini is another popular cryptocurrency exchange that allows trading in Bitcoin, USD and Ethereum. The fees are as low as 1%, and it has a secure platform with a state of the art cold storage system that keeps your cryptocurrencies safe offline.
Coinmama is one of the best exchanges for beginners who want to trade with debit or credit cards. The exchange allows instant deliveries for Bitcoins in several countries including many parts of the United States. However, the fees are a bit high.
Bitstamp is another amazing Bitcoin exchange that has high liquidity thanks to its high trading volume. Founded in 2011, Bitstamp has built a reputation as one of the best exchanges for trading Bitcoins.
These are the top five exchanges for trading Bitcoins. Most of them also allow Ethereum and Litecoin trading. This is a good thing as it is always wise to split your investment into different cryptocurrency networks.