Cryptocurrency Exchange or Digital Currency Exchange is a company that deals with the exchange of cryptocurrency for other assets, such as money or any other cryptocurrency. It is a web service that provides electronic transactions in electronic form and charges fees for them.
Any transaction or operation related to Digital Currency Exchange can be done using debit and credit cards, postal money order or any other kinds transfers of cash. This article will explore the different cryptocurrency exchanges that provide crypto currency trading to novices and what they can offer in terms of access, ease of use as well as security, deposit and withdrawal methods and charges. We hope that this article on cryptocurrency trading will help you start your journey with cryptocurrency exchanges.
Coinbase is one of the largest cryptocurrency exchanges, based in San Francisco, California. It’s offered across 32 countries and offers more than 10 million customers. In 2012, the company was first launched. It has an easy to use interface that makes Digital Currency Exchange an easy task for a non-technical person. It’s also available on both iOS and Android. The only problem is that Coinbase isn’t able to provide cryptocurrency currency mining to beginners, and is primarily an exchange.
At present, it offers four coins, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. It can exchange digital currency using US dollars, Euros and Great British Pounds. With a minimum of transfer costs, Coinbase has never experienced any security breaches, which makes it an ideal platform for the exchange of digital currency. In addition to that, Coinbase also offers a fully-fledged, advanced exchange known as GDAX. GDAX comes with more advanced features and different and better trading fees as compared to Coinbase. Visit:- https://coin4share.com/
Bitstamp is another platform offering cryptocurrency exchange. It’s relatively simple to use, and also offers advanced features through TradeView. Bitstamp provides coins like Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. It allows digital currency to be exchanged with US dollars and Euro. It is possible to practice the most up-to-date methods of trading in crypto currencies on this exchange.
It allows flat deposits through bank transfers , and it also supports debit and credit cards. Perhaps the only drawback one could find in Bitstamp is slightly high fees in addition to the fact it was a victim of one security breach in 7 years of operation. Nonetheless, it is one the most trusted exchanges. It’s available for both iOS and Android.
Gemini is an UK founded company that was launched in the year 2015 by twins Winklevoss. Gemini is available in several countries, including the U.S, Canada, Hong-Kong, Singapore and South Korea. One of the drawbacks of it is the fact that it’s not very user-friendly. Therefore, novices are not advised to use the platform.
It offers two coins and 1 FLAT currency Bitcoin Cash, Ehtereum and US Dollars. Gemini is a strict steward for security. As of the year 2018 it has not had one security breach, making it one of the most secure and trustworthy digital currency platforms. But, it is essential to have digital currency investment strategies prior to trading.
Digital ticks is a cutting-edge cryptocurrency exchange that is aiming to be an innovative player in the market. They’ve incorporated many of the most recent techniques that allows anybody to begin trading.
It is equipped with a unique feature called a Single Portfolio View that would enable the traders to see all held positions in one portfolio. It is easy users to come to educated decisions regarding the cryptocurrency exchange by using this feature. It is also compatible with Bitcoin, Ethereum, Litecoin and Dashcoin.
Kraken is one of the most renowned exchange platforms for cryptocurreny. The platform was established in 2011. It is the most popular trading platform in volume and liquidity in EUR exchanges. It is available worldwide, including the US.
Kraken provides a range of coins such as Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and numerous others. It also supports deposit/withdrawals via bank transfers and cryptocurrencies. With a less than pleasant interface for users, it is plagued with stability and performance issues . However, it’s an excellent platform for cryptocurrency exchanges.
Bitfinex is the largest cryptocurrency exchange platform. The platform was established in 2012, and has an easy to use interface and has a wide range of features such as margin trading, margin funding and more. It’s available on both iOS and android platforms. It offers BTC, BCH, ETH, LTC, IOTA, XMR and NEO.
Like the other cryptocurrency exchanges, it supports withdrawals that use US dollars and Euros through bank transfer. Bitfinex has experienced two security breaches. The first of which occurred in May of 2015, which resulted in the expense of around $330,000. It was followed by another one in August 2016 that resulted in the loss of $72 million.