Top 10 Best Trusted and Safe Bitcoin, Crypto, Cryptocurrency Exchanges / Sites to Buy Trade in 2020

0
50
The Bharat Express News

A cryptocurrency exchange, or a digital currency exchange (DCE), is a business that allows customers to exchange cryptocurrencies or digital currencies for other assets, such as conventional fiat currency or other digital currencies. A cryptocurrency exchange can be a market maker who typically takes a transaction commission for their services.

There are many cryptocurrency exchanges on the market. Investors usually choose an exchange based on factors such as its reputation, ease of use, or one that provides maximum security. Each cryptocurrency exchange has its own set of rules, payment methods, exchange rates, verification requirements, and geographic limitations.

Top 10 Best Trusted and Safe Bitcoin, Crypto, Cryptocurrency Exchanges / Sites to Buy Trade in 2020

1. Coinbase

It is one of the most popular exchange and currently works in 32 countries. Coinbase, with its headquarters in San Francisco, has been operating since 2012. If you are new to the crypto market and want to try your luck, Coinbase is your exchange. Coinbase supports Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. For transactions you just need to download the Coinbase app on your Android or iPhone or you can trade on the GDAX company’s exchange market platform which is especially suitable for seasoned traders.

2. Binance

Binance or “Binary Finance” is a Hong Kong-based crypto exchange platform. Due to a recent cryptocurrency ban in China, it does not work in China but operates in other countries. Binance has transaction fees as low as 0.1%. It does not support Fiat coins, so you need to buy Bitcoins or other Altcoins to trade on the platform. The user interface provides a basic view and an advanced view for both beginners and professionals.

ALSO READ  DeFi bull run could catch $ 400 Ethereum options traders by surprise

3. Huobi

Launched in 2013, Huobi Group created a cryptocurrency exchange that now allows users to trade over 190 pairs of cryptocurrency. Features of this exchange include the ability to deposit and trade many different currencies, with a low 0.2% trading fee and 24/7 customer service.

4. Kukoin

Popularly known as “The Peoples Exchange”, it is based in Hong Kong and is a relatively new exchange. Here you can trade on KuCoinShares or KCS, BTC, ETH, NEO, USDT to name a few. It also supports all major Altcoins and some of the newer cryptocurrencies. Transaction fees are as low as 0.1% and withdrawal fees depend on the type of coins. There are also discount offers for KuCoin shareholders.

5. Bittrex

Based in Seattle, Bittrex is a United States-based cryptocurrency exchange and supports over 190 cryptocurrencies around the world. Bittrex charges a transaction fee of around 0.25%, which is relatively high compared to other exchanges. To open an account in Bittrex, you need to log in using your email id. However, for withdrawing funds, you must submit your KYC documents and contact number, as well as a two-factor identity authentication process. However, the process is not that long.

ALSO READ  Novogratz calls PayPal's Bitcoin news 'the gunshot heard around the world on Wall Street'

6. Bitfinex

Bitfinex is currently one of the most secure exchange platforms. It does not accept any new small accounts and only undertakes to secure existing working accounts. Bitfinex offers browser notifications and has a very tech-savvy interface highly preferred by experienced traders.

7. HitBTC

Launched in 2013, HitBTC is a multi-cryptocurrency exchange and trading platform supporting a large list of tradable digital assets, including cryptocurrencies, tokens, and ICOs. Since its inception, HitBTC has continued to add new tokens and tools to its platform, and it also includes an ICO feature that provides new tokens to the exchange.

8. Kraken

Founded in 2011, Kraken is a San Francisco-based exchange. Here you can buy, sell and trade between Bitcoins and other Fiat currencies like Euro, Yen, US and Canadian dollars. Kraken is particularly suitable for more experienced traders where they can have access to a wide choice of trading tools. It does not support Ethereum, Litecoin, Dogecoin, Zcash, or Ripple to name a few. Kraken has also partnered with the cryptocurrency bank.

9. CEX.io

Founded in 2013, it is a London-based exchange. It allows traders an easy exchange between Fiat and cryptocurrency. The platform is suitable for both beginners and professionals. The friendly user interface and the trading tools are very easy to use. It offers several payment options and is used around the world. Its mobile application is very simple and easy to use. The CEX Brokerage service allows amateur traders to buy coins at the current market rate.

ALSO READ  Blockchain company in Seoul could be at ground zero for new COVID-19 resurgence

10. BitMEX

BitMEX, a short form of “Bitcoin Mercantile Exchange”, is an advanced derivatives trading platform for cryptocurrencies. BitMEX provides an interface for investors to deal with the global financial markets with Bitcoin.

Unlike other cryptocurrency exchanges, which trade one cryptocurrency for another, BitMEX focuses on trading derivatives. BitMEX provides perpetual swap contracts as well as daily and weekly futures contracts.

Conclusion

Choosing the best cryptocurrency exchange is no easy task. Even with a long list of the best crypto exchanges, it can be difficult to choose the one that would best suit your wants and needs.

However, always make sure you focus on aspects like safety and fees. If the platform is secure and comes with incredible fees, surely everything else can be overlooked, at least to some extent.

Due to regional legal restrictions in different countries, few exchanges follow strict rules for KYC / AML. Before depositing your funds into an exchange wallet, make sure that you have met the KYC requirements, if so, you may not be able to withdraw your funds according to their rules. There are a few exchanges where KYC is not mandatory.