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In this post, we’ll be going over how to pick an exchange, what are the different ways to get Bitcoin and I'll list top cryptocurrency exchanges in the world to buy and sell any cryptocurrency.
In our recent Bitcoin trading definitive guide for beginners, we've answered most of the questions that come in a newbie's mind who wants to invest in Bitcoin and altcoins. Once you understand what is Bitcoin and how it works, next step is actually acquiring some XBT and seeing how this all comes to life.
There are loads of Bitcoin trading platforms out there. But, for your information, many cryptocurrency exchanges just scam people. Therefore, it's very crucial to choose a trustworthy Bitcoin exchange.
Listed top cryptocurrency exchanges will let you buy Bitcoin along with popular alternative coins.
Sneak peak:
- Important points for beginners
- How to get Bitcoin?
- Things to consider before choosing an exchange
- Best crypto exchanges
- How to keep your coins safe (Most important)
Bitcoin, a digital payment or exchange system called decentralized digital currency invented by Satoshi Nakamoto in 2009, is a very trending investment topic across the globe. Everyone wants to invest in Bitcoin to make profit. Many are still in dilemma whether this digital currency is legitimate or not.
It's indeed that Bitcoin is yet to be approved by some nations but still it is very fascinated digital payment method. Legality of the Bitcoin is yet to be defined.
India does not totally refuse Bitcoin digital currency but it's some worth considering concerns pertaining to its use for example this currency can be used for terror funding.
- Read this detailed guide pertaining to Bitcoin if you're still skeptical.
Top Cryptocurrency Exchanges
- Delta Exchange: Highly liquid for crypto trading. Extremely advanced trading platform.
- Coinbase - One of the top cryptocurrency exchanges, worldwide trusted platform to trade prominent digital currencies.
- Binance - A reputed exchange and creator of Binance Coin. One the top 10 cryptocurrency exchanges by trade volume.
- Kraken - One place to buy, sell, trade and learn about digital assets.
- Bitstamp - A secure place to trade popular coins with lowest possible fees.
- Bittrex - Secure, reliable and advanced cryptocurrency trading platform.
- Coinmama - Fastest growing Bitcoin exchange with altcoins support.
- Changelly - Trade 150+ coins using this platform and get coins at best possible price.
Coinbase
Highs
- Reasonable fees
- Secure wallet
- High buying and selling limits
- High liquidity
- Good customer service
- Large customer base
Lows
- Buying and selling is not available in some countries
Available in 102 countries, Coinbase is a digital currency platform where buyers and sellers can use Bitcoin for financial settlements. This company is one of the top international Bitcoin and altcoin trading platforms. The company is founded in 2012 and operates from Francisco, California.
Apart from Bitcoin, you've other digital payment options like Ethereum, Litecoin, Ripple, Bitcoin Cash, to invest in.
Its 30 million plus customers have exchanged over 150 billion worth of cryptocurrencies on its trading platform. It's indeed a best place to buy and sell popular cryptocurrencies.
Exchange also has come up with a great initiative, insurance policy. Its insurance policy covers its users if exchange suffers a breach of its online storage.
You'll need to provide your email address and address details to start trading on Coinbase.
Reasonable fees, secure wallet, good customer service, and large customer base are some convincing reasons to use this platform.
Register on Coinbase using this link and get Bitcoin worth $10 for free
Binance
Highs
- Largest exchange by trading volume
- Good customer ratings
- Secure wallet
Lows
- Suffered a massive hack
Trusted by millions, Binance is one of the largest cryptocurrency exchanges in terms of trading volume, 1,400,000+ transactions per second. This global crypto trading platform supports more than 100 cryptocurrencies.
You can use this platform to buy, sell and trade listed cryptocurrencies including Bitcoin.
Exchange has also a coin after its name, Binance Coin (BNB). With $46 million market cap, the coin has become one of the top 10 cryptocurrencies.
After completing your KYC (Know Your Customer) process, you will be able to place orders. This is a best platform for day trading.
Register on Binance using this special link and get 5% incentive on your trade
Delta Exchange
Highs
- Highly advanced trading platform
- Positive customer reviews
- Simple web interface; but very advanced
Lows
- Only famous coins are available to trade; Not all crypto assets available
Delta Exchange is emerged as world's largest crypto trading exchange. It's a trading platform which provide high liquidity for trading. Like other exchanges, to get started with Delta Exchange you will need provide your email ID and address details.
They have a very simple and easy-to-use platform to purchase Bitcoin. The exchange has been in business for over 7 years and has very good customer reviews.
As of now, you can trade Bitcoins only. I've been using this trading platform since 2014 and I think it's one of the best peer-to-peer exchange.
It lets buyer and seller connect with each other to discuss further details even you can negotiate with seller.
Its escrow service protects both parties and ensures buyer receives his BTC and seller receives his payment.
Register Now
Kraken
Highs
- Best place for day traders
- Lucrative trading fee
- Reliable and trusted exchange
- Elegant web/app interface
Lows
- Sometimes deposits take more than 5 days
Kraken, a US based cryptocurrency exchange, has been in business since 2011. Kraken named one of the best places for cryptocurrency trading. You can exchange your fiat currency for listed cryptocurrencies.
This platform is a best place to buy, sell, trade and even learn about cryptocurrencies. Whether you're an advanced trader or just a beginner, this exchange is suitable for you.
Its has best user-friendly and easy-to-use interface.
It rigorous security standards help you buy, sell and trade coins securely and if you wish you can store the same using this platform.
The exchange is capable of executing your buy and sell orders at your selected prices so you can earn maximum profits in day trading.
Kraken trading fees varies from 0.10 percent to 0.26 percent, depending on trade volume.
For day traders, Kraken is a good option.
Bitstamp
Highs
- Low fees
- First grade security
- Cash out directly to your bank account
- Simple interface
- 24/7 service and dedicated premium support
Lows
- Sometimes deposits take more than 5 days
Bitstamp is a one-stop-shop for crypto trading. Its proven track record is more than sufficient to convince someone to use this platform. You can trade popular cryptocurrencies including Bitcoin, XRP, Litecoin, Ethereum, using this platform.
Its trading platform is available for individuals as well as institutional clients.
You will need to register and verify your Bitstamp account before buying Bitcoin or alternative coins.
Exchange lets you use your credit card, bank transfer or other worldwide deposit methods to fund your account.
After selling your coins, you will be able to withdraw funds directly to your bank account.
Bittrex
Highs
- Secure platform
- Custom-built trading engine
- Fast deposits and withdrawals
- 24/7 service and dedicated support
Lows
- Users face issues in account verification
Founded in 2014, Bittrex is an international crypto exchange that provides secure and reliable platform for digital assets trading. Bittrex is headquartered in Washington.
Its advanced trading platform ensures that all orders are executed in real-time. It has partnered with many international exchanges to provide you hassle-free way to start crypto trading.
The exchange has incorporated multiple layers of security to safeguard your coins and personal information.
Traders (buyers and sellers) can decide their own prices and exchange finds matching pairs for placed orders and in returns it charges you a small service fees.
Exchange has two different platforms: Bittrex and Bittrex International.
Its two-factor authentication adds extra layer of security to your account. All these things make it one of the top cryptocurrency exchanges.
Coinmama
Highs
- Secure and reliable platform
- Available in 190 countries
- Quick deposits and withdrawals
- 24/7 customer support
- High spending limits
- Buy with credit card (not recommended, discussed already)
Lows
- Limited payment methods
Coinmama cryptocurrency platform is evolving very rapidly. You can use this platform to buy digital currency from anywhere in the world. The platform is trusted by over 1.5 million people across the world.
If you're looking for an exchange with high spending limits, up-to-date security, and lightening-fast speed then you should give it a chance.
Coinmama is capable of executing your buying and selling orders instantly which is very much essential for day traders.
To get started just create an account and provide the asked details and then you're good to go.
Changelly
Highs
- 150+ cryptocurrencies to buy
- Available in 190 countries
- Best rates in the market
- 24/7 live support
- High spending limits
- Buy with bank transfer
Lows
- Does not offer web wallet to store coins
Since 2015 the exchange is in existence. Changelly offers access to 150+ cryptocurrencies. It does not offer web wallets to customers therefore before buying a coin from this exchange you will need to create a wallet to receive your funds. You can create your free wallet account using any third exchange or software wallet or you can provide your hardware wallet address to receive your coins.
Changelly is neither a trading platform nor a peer-to-peer exchange actually it acts like an mediator between crypto exchanges and users. It helps users get coins at best possible price and at the same time helps affiliated exchanges boost their sales.
It charges a fixed 0.25 percent fees for its services.
Changelly is also a best crypto exchange platform where you can easily exchange your Bitcoin for another coin or vice-versa.
These were some of the top cryptocurrency exchanges that I recommend to new investors. However, you're free to use above mentioned tips to choose a suitable crypto trading platform, according to your needs.
Things that you should care the most while choosing an exchange are: fees, payment and withdrawal methods, security, customer service, privacy, and coin availability.
That's all for today. I keep updating this list so you get the best exchanges those offer you security, best price, coins availability, and good customer service.
Remember, your own home work can safe you from many troubles. As you read this article carefully, you would have learned how to pick a best cryptocurrency exchange. I have recommended you top cryptocurrency exchanges to start with; however, you're free to search for more.
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