There are more than 1500 types of cryptocurrencies circulating in the world today and the total market cap value of these coins are nearly USD 289 billion. Investors are keen on gaining the momentum in this robust development of cryptocurrencies. Hence there arrives many cryptocurrency platforms to facilitate the investors in trading cryptocurrencies at large. There are many cryptocurrency exchanges but out of them, very few exchanges are reliable and secure. Many cryptocurrency exchanges are functioning without obtaining any sort of authority or a proper license. Investors investing in such fraudulent exchanges are always in danger of losing their cryptocurrencies. So, this article essentially figures out some of the best cryptocurrency exchanges in the world.
Coinbase
Coinbase is one of the largest cryptocurrency exchange trusted worldwide by millions of investors. Coinbase has an intuitive site which renders its services in buying, selling and exchange of cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin, ZCas, Dash and Monero.. Coinbase came into existence in 2012 and serves as a built-in wallet and crypto exchange. Coinbase has partnered with business giants like Expedia, Overstock.com and Dish who accept payments in the form of BTC.
BitMEX
BitMEX stands for Bitcoin Mercantile Exchange. It is a Hong Kong-based exchange which focuses more on dedicated cryptocurrency traders than on retail investors. BitMEX has a great team and software which processes USD 2 million transactions per day. BitMEX is one of the crypto exchanges that offer high leverages up to a 100x. BitMEX is owned by HDR Global Trading Limited and charges a low transaction fee.
CoinSwitch
Bittrex, BitMEX, Coinbase and KuKoin are some of the trusted sites for crypto trading. A one-stop where you can get connected with all these leading exchanges is CoinSwitch. CoinSwitch does not ask for the wallet keys of the users instead it connects the investors directly with the exchanges for transactions. CoinSwitch is the leading cryptocurrency exchange aggregator which renders its support to over 300+ cryptocurrencies. CoinSwitch can also be used to buy Bitcoin in USA or from any other country where cryptocurrencies are legal as it offers a uniform price all over the world. Whether its crypto-to-crypto conversion, or fiat-to-crypto, CoinSwitch has got it all covered.
Binance
Launched recently in 2017 Binance has acquired the name of being one of the largest crypto exchanges in the world. The Binance platform supports more than 130 types of cryptocurrencies including many altcoins. Binance transacts more than USD 1 billion worth of cryptocurrencies in a day as it is the most trusted cryptocurrency converter. Binance currently supports buying cryptocurrencies for an exchange of other cryptocurrencies or through credit card. The news is surrounding the internet that BInace may soon support the use of fiat currencies for buying cryptocurrencies.
Bitfinex
Bitfinex is a very well known name in the field of cryptocurrencies. It is a cryptocurrency exchange whose headquarters is located in HongKong. Launched in 2012 Bitfines now supports more than 70 types of cryptocurrencies. Bitfinex is considered as a convenient type of cryptocurrency exchange as the users need not provide their identity to make conversions like ETC to BTC converter in Bitfinex but they need to provide their identity to deposit or withdraw fiat currencies.
Conclusion
Whichever cryptocurrency exchange you choose to trade must have a nominal amount as the transaction fee. Many investors may reach a cryptocurrency exchange for their first Bitcoin or Ethereum. So joining hands with the best cryptocurrency exchanges as above would be a good choice. Try to have a hardware wallet or paper wallet to store your cryptocurrencies instead of using cryptocurrency exchange’s wallet for better security.
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