Cryptocurrency is a form of decentralized, peer-to-peer currency and first became widely popularized with Bitcoin’s rapid rise to prominence.
Crypto transactions are generally secure and anonymous, thanks to blockchain technology which records all transactions to avoid double spending.
Cryptocurrencies can be risky investments that are subject to theft and loss, making them hard for newcomers to understand.
Understanding cryptocurrency can be challenging for newcomers. There are specific rules and guidelines you must abide by when trading, as well as details regarding buying and selling assets – this is what cryptocurrency exchanges can help with.
Online services known as cryptocurrency exchanges operate similar to stockbrokers: they provide tools that make purchasing and selling digital currencies such as BTC, LTC or Ethereum easy and quickly with minimal fees associated. When executed properly, cryptocurrency exchanges represent excellent returns on your investments.
Cryptocurrencies have made waves in mainstream finance, prompting many potential investors to join this digital currency boom and profit from investing. Now more than ever, investors want to be part of this vibrant subculture and reap its advantages.
Finding the appropriate cryptocurrency exchange platform requires taking an individualized approach; finding one should fulfill your particular e-coin needs.
1. Coinbase
Coinbase, founded in 2012 in San Francisco and one of the leading cryptocurrency exchanges online.
Coinbase, based in the US, allows its users to buy and trade digital currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Coinbase currently boasts over 20 million users globally spanning across 190 countries.
Coinbase also provides educational resources for beginners looking to learn about cryptocurrencies and blockchain technology, while noting that every transaction charges a transaction fee regardless of whether you buy bitcoin or another digital currency through them.
2. Binance
Binance is a cryptocurrency exchange offering multiple trading pairs and supporting both fiat and digital currencies.
Binance has quickly established itself as one of the fastest-growing exchanges worldwide. Their impressive trade engine can handle an astonishing 1,400,000 orders per second (1,400,000 orders/sec), making them among the fastest in their sector.
Binance’s cryptocurrency exchange platform was initially established on July 14th 2017 by Changpeng Zhao through an initial coin offering (ICO), raising $15 Million worth of bitcoin within just 5 minutes.
3. Gemini
Gemini was founded by the Winklevoss twins in 2014 as a cryptocurrency exchange platform operating out of New York, now regulated by the New York State Department of Financial Services.
Gemini offers its customers an array of investment, trading and custodial services as well as cryptocurrency trading via U.S.-based interface and global marketplace GEMINI OTC.
4. Robinhood
Robinhood made headlines last February when it announced they would add cryptocurrency trading capabilities to their app.
Robinhood makes opening an account easy: just provide your social security number and bank account info using their app, then you’re good to go! There are no trade commissions involved either – perfect for anyone wanting to invest but without much capital at their disposal.
However, if security and protection from hackers is of primary importance to you, then other brokers may offer more security as FDIC insurance is provided by most.
5. Kraken
Kraken With over ten years of experience and an outstanding trading platform, Kraken has built its name by providing superior trading experiences.
Kraken offers deep liquidity, tight spreads, fast execution and low fees for market makers – in addition to trading the major crypto assets like Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).
This company was founded by American professional traders who were among the first to recognize Bitcoin’s promise as an emerging digital currency.
6. eToro
eToro is an international investment platform which offers an array of trading and investment instruments for investors looking to diversify their portfolios.
Social features on this platform allow traders to share their predictions of future investments with fellow traders, who can then follow these experts to gain new perspectives on global markets.
eToro offers some unique features not found elsewhere, such as CopyTrader. This tool allows traders to automatically follow another trader’s trades, saving time and making entry of trades easier for beginners.
7. Crypto.com
Crypto.com is an exchange that offers trading services in Bitcoin, Ethereum and other cryptocurrencies.
Kris Marszalek established Crypto.com in July 2017, and within six months had amassed more than $30 Million USD in trade volume.
This platform was developed to make it simple for individuals to convert traditional currency such as their savings to digital assets like Bitcoin and Ethereum with just one tap of a button on their phone. Headquartered in Switzerland with offices also present in Hong Kong and Singapore.
8. Bisq
Bisq is a decentralized, private and secure cryptocurrency exchange platform designed to make buying or selling goods and services online hassle-free without depending on an external service (like PayPal) to process transactions.
Bisq network operates solely with bitcoin; however, through using ShapeShift and Changelly other tradable currencies can also be traded via Bisq.
Bisq forbids legal entities or persons based in Iran or North Korea from availing themselves of its services.
9. TradeStation
TradeStation is an established online brokerage offering traders access to an array of tools and services. Operating since 1987, TradeStation has had time to hone its processes over the decades.
TradeStation stands out among its peers by offering both forex and cryptocurrency trading – this makes for a distinct advantage, as it enables those interested in both to keep all their information in one convenient place.
TradeStation stands out from other exchanges with its reputation of security, reliability, and trustworthiness. Their history includes no hacking attacks or security breaches which sets them apart from similar businesses currently operating within this field.
10. Coinmama
Coinmama is one of the world’s largest cryptocurrency platforms, established in 2013 with over 2 million customers from 180 different countries.
This company provides bitcoin wallet and exchange services, as well as a digital card system compatible with TenX, Monaco, Centra and TokenCard wallets.
Coinmama operates globally from its base in Israel.