Today’s post is based on Best cryptocurrency Exchange platforms.
As the cryptocurrency popularity is increasing day by day. In addition to that, the cryptocurrency exchange platforms are also being the major parts to support them. With the creation of new cryptocurrencies, the exchange platforms are also being added simultaneously.
So lots of people are confused between them. Recently, I have received many questions regarding that which cryptocurrency Exchange platforms should they use.
So today in this post we will see the list of all cryptocurrency exchange platform which is best for you with respect to the cryptocurrency Exchange platforms rates.
Before starting that if you are a beginner and you don’t know about cryptocurrency exchange platforms then I will tell you short introduction regarding them.
So let’s start…
What is cryptocurrency Exchange platforms ?
Cryptocurrency Exchange platforms are the online websites where you can Buy, sell or exchange your cryptocurrency for another digital currency(Altcoins) or traditional currency like US Dollar or Euro.
Various cryptocurrency exchange offers their users different types of trading features, security feature. Each of them is different from each other. The verification process is different according to the trade level. Moreover, I would like to suggest you that don’t go for a very high featured exchange platforms if you are a beginner. Always select your cryptocurrency exchange platforms according to your level of trading skill.
In this post, we will target some important factors which should be there on your cryptocurrency exchange platform.
- Payment methods
- Exchange rate
- Verification requirements
- Support for countries
9 Best Cryptocurrency Exchange in 2018 With Lower Fee
Changelly is an exchanging site which let you buy cryptocurrency in exchange for other currency. It is a new but trustable site. In 2013, Changelly is created by Miner gate.
Changelly team satisfy all user requirements. They only charge 0.5% fee which is less than anyone. On changelly, You can create and track you past transition. Changelly also supports USD and EUR. The transaction process is very simple on this platform. You can also use a Credit card and Debit card on Changelly. Changelly crossed 1,000,000 users milestone, which shows impressive reach. GUI of changelly is user-friendly.
Changelly provides your best exchange rate in the market. I think this is #1 exchange website in the world because it gives you less commission rate as compare to others.
If you ask me, I always say yes, For Changelly Because this method is fast as compare to others with low fee. also it is your wish to create account or not in website for exchange. you can find full Review post on my changelly besst alternative of shapeshift? post
Bitfinex is a huge cryptocurrency exchange platform just like changelly. it is a mostly focused on trading only. It is a Hong-Kong based cryptocurrency exchange platform.
Bitfinex is a well-known exchange platform for USD denominating bitcoin and altcoin trading. The daily trading volume of Bitfinex is US$1 billion. Bitfinex is the most advanced cryptocurrency exchange platform mainly targeting advanced users by providing progressive features, routed rigidity, and the key to trading multiple altcoins.
Bitfinex currently has the most volume of Bitcoin exchange compared to another trading platform. Trading fees start from 0.1% for the maker and 0.2% for the taker. Wire transfer is almost free of charge. It will cost you 0.1% of the amount with the minimum limit of 20 dollars.
The user interface of Bitfinex is Dynamic. It is a little bit tough to understand but easy to navigate and trade platform. There are no limits when it comes to trading. The security of your fund is to strengthen by 2FA that is two-factor authentication pairing up with U2F that universal 2nd factor. you can also check Review post on Bitfinex.
Kraken is the oldest exchange platform in cryptocurrency market. It was founded in the year of 2011. Kraken is a San Francisco based company.
In the beginning of Kraken, it was only supporting Bitcoins. Although going through further upgrades now Kraken is supporting some more trending Altcoins of cryptocurrency world.
Trading fees for maker start at16% and for taker, it starts from 0.26%. As your trading volume will increase the trading fees will decrease nearly to 0.00% for the maker and 0.10% for the taker.
Kraken stands on 5th rank in the world of leading cryptocurrency exchange platform. Margin trading and short selling are available on the platform. Free deposit for EURO, Candian Dollar, and Japanese Yen.
The user’s interface is not beginner friendly. It is more suited for Intermediate or advanced users. karken review post is available on my website.
Coinbase is a San Francisco-based cryptocurrency exchange platform, established in California. This Exchange is used in a total of 32 countries with 8 million users available on this trading platform.
Coinbase is founded in the year of 2012 by Brian Armstrong and Fred Ehrsam. At Coinbase users can buy Bitcoin with a connected Bank account, SEPA transfer, Interac online and many more payment methods. Coinbase allows users to trade in three most famous cryptocurrencies that is Bitcoin, Ethereum, Litecoin.
According to me, trading fees is just horrible. They will charge you for everything. Let us understand by an Example. Suppose, if the going rate of Ether is $425 but Coinbase will Expect $440.
Then if you will buy it they will take more fees on roughly around $8 to $9. So you pay extra around $24. Practically their fees are around 5.5% to 6% and then when you sell they lower the value, unlike another exchange platform. They refer to you for the sale then take on more fees turning out to the heavy damage to your profit because of everything circles around fees and just higher fees.
Coinbase works in a different way compared to the other exchange platforms. Rather than forcing users to trade on a market, Coinbase directly sells cryptocurrency to users at a set price based on the current market price. So because of this users can buy their Bitcoin, Ethereum, and Litecoin faster than compared to other exchange platforms.
Bittrex is a secure cryptocurrency exchange platform for Bitcoin, Ethereum, and other leading digital currencies. The company calls themselves as the next generation of cryptocurrency trading platform. The company is US based. Bittrex was launched in the year of 2014. The Co-founder and CEO of Bittrex are Bill Shihara.
The trading fee of Bittrex platform for all trades is 0.25%.
Two-factor authentication is available for users on the platform. Currently, there is no official mobile application for the Bittrex platform. The unverified account has a withdrawal limit of 1 BTC per day. In addition to that, the Accounts which are verified by two-factor authentication has the withdrawal limit of 3BTC per day.
Bittrex does not support fiat currency. The user interface is easy to use. Bittrex can be taken as a great competition to Poloneix in terms of security, privacy, and transparency. You can trade over a number of trading pairs which is good in terms of marketing criteria and pulling the users to this platform.
Binance is cryptocurrency exchange platform. It is mainly focused on the Chinese market. Binance focused to work on Crypto to Crypto trading.
Binance is not that much user-friendly but it is well suited to the intermediate and advanced user. They will surely love this platform. Binance can process 1.4 million orders each second. In addition to that, the platform supports two-factor authentication.
The initial charge on Binance for trading is 0.1% fee on each trade. If you trade using their own token the current discount is 50% on the trading fee. Which brings down the trading fee to 0.05%. by giving this discount Binanace becomes the lowest charging platform in the trading industry of cryptos.
The platform is new but making its reputation very fast with its transaction speed and unique features.
CEX is one of those international bitcoin exchanges accepting euros, British pounds, US dollars, Russian Rubles, Ethereum, Zcash, and Dash. Cex.io provides a wide range of services for using bitcoin and other cryptocurrencies.
CEX.IO was launched in 2013, as both a Bitcoin exchange and cloud mining service. In 2016, the company shifted their focus. Their cloud mining services were stopped and they added Ethereum to their platform.
Unverified accounts are only able to use credit cards for deposits and withdrawal. Verified can use both credit cards as well as bank transfer.
The fees are something where you will stop always. The trading fees are only 0.2% but If you wish to use their easy buy and sell methods, the charges are 7% fee.
Shapeshift is a private cryptocurrency exchange platform. It supports world’s leading Blockchain Tokens. ShapeShift is often described as an “instant” cryptocurrency exchange.
Shapeshift does not support fiat currency. In addition to that, the platform is based on Crypto-to-Crypto trading. Each transaction is set by a deposit limit according to shapeshift. Your transaction cannot be processed further if you cross the limit. The limits are yet not disclosed by Shapeshift.
Trading fees depend upon what type of currency you are buying on the platform. So before buying check the fees and compare it to other platforms
These are the some best exchange platforms according to me. These are the exchange platforms which is used also and recommended to use. If you are living in India then you can go for Coinsecure. If you are looking for a platform with a high volume trade then you must go for Bitfinex. Other alternative options are Kraken, Bittrex, and Binance. All the exchange platforms are well trusted and well running in the cryptocurrency trading market. So you can trust on this platforms.
That’s all for the Best Cryptocurrency Exchange platform. At the same time if you are still facing some issues please let me know in the comment section.
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