The costs of cryptographic forms of money have zoomed for the current year and numerous financial specialists have begun concentrating on these computerized resources. Financial specialists have two or three alternatives to exchange digital forms of money. The primary alternative is to utilize the cryptographic money trades which enable brokers to swap fiat cash, for example, dollar and euro for the computerized cash (cryptocurrency), or advanced cash for advanced cash. Another alternative is to utilize the online forex intermediaries’ stages for exchanging digital money CFDs or combines, for example, USD/BTC, EUR/BTC, and so forth.
Gradually and consistently, Bitcoin and altcoins are getting consideration from more financial specialists all around the globe.
What’s more, for what reason not? These digital forms of money are over and over ended up being a place of refuge against the government’s inflationary strategies.
That is the reason a few people are securing digital forms of money (cryptocurrency) as their retirement stores, while some are doing unadulterated theory with here and now exchanging (i.e. purchase low, selling high).
What’s more, we should not disregard the people who are simply starting off by glancing around to discover the response to questions like:
Where do I buy such currencies?
What are the best cryptocurrency exchanges?
In any case, before we discuss the best trades out there, I have to disclose to you that it’s not very late to invest your resources into digital forms of money (cryptocurrency). At the time of writing this work, the Bitcoin and altcoin showcase is at an unsurpassed high level, with a market top of $166 billion. I trust we will cross the $250 billion check in the nearest future.
So now that you know you ought to invest in cryptocurrency, here’s the place you have to go.
The point of this post is to rattle off the main 10 digital money exchanging stages.
I trust these experiences enable you in picking the best digital currency to trade-in.
Binance is a rapidly growing exchange that concluded its ICO a few months back.
Though it is based out of China, it doesn’t serve its native country but is open to almost all countries around the world.
Since its ICO to till date, it has grown tremendously and is now placed in top 10 cryptocurrency exchanges in the world. It now has more than 140 altcoins listed on it which are only increasing as the days are passing.
Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders if they use BNB coins. BNB is Binance Coin which is the native currency of this cryptocurrency exchange.
To start with they have 0.1% standard trading fee which is already quite less than other peers. You can even reduce your fee further if you pay your trading fee in BNB.
BitMex is high volume crypto exchange created by a talented team of economists, high-frequency traders and web developers for the crypto community.
Here you will never find any issues regarding the liquidity of your cryptocurrencies.
The primary currency traded on this exchange is Bitcoin and its future contracts.
Apart from Bitcoin contracts, one can also play around with future contracts for altcoins such as Bitcoin Cash, Ethereum, Cardano, Litecoin, Ripple.
The registration process on BitMex is quite simple where you just need to register through your email ID and their fee structure is also quite straightforward.
KuCoin is another easy and hassle-free cryptocurrency exchange. KuCoin offers many popular and unique coin such as DragonChain, $KCS, and many others.
Just like Binance, they offer a fully functional mobile app for Android and iOS.
To get started with KuCoin, you can deposit any crypto of your choice ex: BTC and start trading. Personally, I have been using KuCoin since the last quarter of 2017 and they are getting popular day by day.
Changelly is one of the easiest ways to get ahold of various cryptocurrencies.
Changelly is a product of the mining pool, MinerGate , which has a proven track record of consistently good products being put out into the crypto-space.
One of the best things about Changelly is that you don’t need to go through any lengthy verification or registration process.
You just log in with your email ID (or any email ID) and start exchanging!
Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. It is one of the best and easiest to use exchanges out there.
If you want to know more, check out Harsh’s review on Changelly.
When you use Changelly to exchange cryptocurrency, Changelly bots connect in real-time to some of the best and busiest cryptocurrency exchanges in the market to get you the best price.
Usually, when using Changelly, a crypto-to-crypto exchange takes 5 to 30 minutes.
They charge a commission fee of 0.5% on each trade, which I think is minimal in exchange for the volatility and risk that they bear on behalf of their users.
In addition to the commission, a miner’s fee is also paid by the user and is deducted directly from their crypto balance.
But all you need in order to buy from Changelly is a VISA/MasterCard (credit/debit card) or any Changelly-supported cryptocurrency and a
wallet where you want to receive your new coins.
The procedure is very simple.
Bittrex is a US-based cryptocurrency exchange that provides you the option to trade more than 190 cryptocurrencies at a time.
They are well-regulated and compliant with all of the current US rules, so crypto users need not worry about the safety of their funds.
Bittrex handles one of the largest BTC trading volumes out of all the exchanges in the world.
Here, the users (buyers/sellers) decide the rates in which they want to trade, and Bittrex charges them a small service fee for providing this crypto exchange (0.25%).
To get started with Bittrex, you need to register and log in through your email ID, but to withdraw funds, you need to do a KYC by submitting your ID documents and phone number, as well as enabling two-factor authentication for higher limits.
But one good thing about Bittrex is the account verification happens quite fast.
Bittrex supports two types of accounts:
Basic Account – withdrawal funds worth up to 3 BTC/day.
Advanced Account – withdrawal funds worth up to 100 BTC/day.
Bittrex is a “crypto-only” exchange, meaning it doesn’t allow you to deposit fiat currencies such as USD, EUR, GBP, etc.
They provide access to advanced trading tools like candlestick charts and crosshairs, but the user interface is quite clean and intuitive, so newbies should have no problems.
Coinmama, an exchange located in Israel, specializes in enabling the purchase of Bitcoin using credit/debit cards.
The services offered by this Bitcoin exchange are available in many countries around the world. The buying limit set by the exchange is higher compared to other exchanges.
Bitcoins can be purchased for cash and on payments through the Western Union. However, the fee charged by the exchange is slightly on the higher side.
Coinbase is the best option for first-time cryptocurrency buyers. The exchange’s interface is very user-friendly and this makes it easy for anyone to buy Bitcoin, Ethereum, or Litecoin.
Most cryptocurrencies have to be bought with Bitcoin. Therefore, Coinbase provides a good entry point for buying Bitcoin or other cryptocurrencies.
Coinbase allows clients from Canada, the UK, the USA, Europe, Australia, and Singapore to buy Bitcoin, Litecoin, and ether using either a bank account or credit card. A fee of 3.99 percent is charged when buying using a credit card and 1.49 percent when buying through bank transfer.
Be that as it may, word of advice:
Try not to use these trades as a wallet to
HODL your cryptos.
On the off chance that you are putting away cryptocurrency on these trades for a couple of hours or even a couple of days for exchanging, at that point it’s likely OK. Something else, this is a terrible practice.
Huge scale hacks like Mt. Gox can occur at any time. I would unequivocally prescribe you to use the Ledger Nano S or a wallet like Exodus, where you can store various cryptos and control your private keys.
So now it’s your swing to let me know: Which one of these trades do you like the best? Additionally, what’s another extraordinary trade that I haven’t mention here? Let me hear your thoughts in the comments below!