This is an online platform that allows cryptocurrency owners to trade cryptocurrencies for fiat currency or others.
It acts like a stock exchange and provides trading tools like intuitive charts which allows cryptocurrency traders to monitor the market price of different cryptocurrencies.
Cryptocurrency exchanges can be defined as a web platform that allows cryptocurrency traders to buy, sell, and exchange cryptocurrencies for fiat currency.
Cryptocurrency facilitates the exchange of money through Internet acquiring. As cryptocurrencies continue to become increasingly popular, many people are going online to learn more about Bitcoin, Dogecoin, Wankcoin and the many other varieties of cryptocurrency available today.
Here Are Some Top Cryptocurrency exchanges:
1. Coinbase
Coinbase began as a digital wallet provider that allowed merchants and cryptocurrency consumers to transact cryptocurrencies such as Ethereum, Bitcoin, and Litecoin securely.
Coinbase’s GDAX digital asset exchange in San Francisco provides traders and institutions alike the means to trade cryptocurrencies like Bitcoin and Ethereum securely and safely.
Coinbase is one of the most trusted sites to buy, sell, and trade cryptocurrency.
2. Kraken
Kraken Exchange was launched in 2011 and quickly rose to become one of the leading Bitcoin exchanges with regard to euro volume and liquidity.
Based out of San Francisco, this cryptocurrency exchange has earned recognition from independent news media as the best and safest.
Kraken became the first cryptocurrency exchange to have its trading price and volume displayed on the Bloomberg terminal.
It was also the first to pass the cryptographically verifiable proof of reserve audit and today, it’s a partner to the first cryptocurrency bank.
3. XCoins
Unlike traditional cryptocurrency exchanges that allow you to trade with digital currencies, XCoins has taken a step further. The platform allows the secure sending of Bitcoins from a lender to the receiver. The best news is that you can receive the amount directly into your credit card or PayPal account. This process has helped to lower transaction time allowing parties to be charged lower fees.
4. Coinmama
Coinmama is another cryptocurrency exchange that accepts the purchase of Bitcoins using credit cards.
All you need to buy Bitcoins is a valid credit card, and an account on Coinmama and you are good to go.
You can select the available plans to complete your cryptocurrency purchase. Coinmama currently supports 200 countries and it’s headquartered in the Virgin Islands.
5. CEX.io
This is a cryptocurrency marketplace that allows everyone to purchase and sell Bitcoins. The company has designed advanced order matching algorithms backed by a unique trade engine.
As a result, cryptocurrency traders can execute high-volume orders and apply different trading strategies in order to profit.
The cryptocurrency exchange is compliant with security standards thus guaranteeing you safety of your assets.
6. Binance
Binance is a Hong Kong based exchange and concentrates more on cryptocurrency-based pair trading.
This style of trading is similar to forex pairs for example buying and selling of the EUR/USD. Crypto trading pair could be the ETH/BTC currency pair.
Binance has some of the best rates for cryptocurrency trading. They are worth a look if you are wanting to eventually want to learn.
