So you just bought Bitcoin, Litecoin, Ethereum and it's just sitting in your wallet while you see all those prices swings and you wonder if you can profit out of the volatility of the cryptocurrency market?
If you're like me and don't want to miss the opportunity to make more money trading cryptocurrency assets like Bitcoin, Litecoin, Ripple, Ethereum, Bitcoin Cash then you must be asking this question –
I know it's not easy to trust your money to an exchange that can disappear overnight with all your life savings. Just like the well known MtGox scandal, the bankrupted exchange that made tons of people lost their money back in the days.
And while either is easy to point out the best exchange for your cryptocurrencies. There are a few things that you ask before opening an account in a cryptocurrency exchange.
How safe is the website? Encryption, DUO authentication, etc.
Payment Methods to buy crypto. Paypal, Wire transfer, Credit Card, etc.
How many cryptocurrency pairs are available in this crypto exchange?
Does this crypto exchange have customer support?
Does this crypto exchange have good user reviews?
Coinbase is a Cryptocurrency exchange headquartered in San Francisco, California. Is considered by many the best and most popular website to buy and sell cryptocurrencies like Bitcoin, Litecoin, Ethereum and Bitcoin Cash. GDAX is the Coinbase trading exchange.
Kraken is a cryptocurrency exchange operating in the EU, Japan, and the US, is the world's largest bitcoin exchange in euro volume and liquidity. The last upgrade took the site down for 48 hours. Kraken offers extensive options for crypto pairs.
LocalBitcoins is a cryptocurrency company based in Helsinki, Finland. The websites facilities Bitcoin exchanges and offers a reputation and feedback mechanism. LocalBitcoins has around 110,00 active traders with a trading volume if 1,400 to 3000 bitcoins per day.
Bittrex is a US fully regulated crypto-currency exchange designed with security and scalability in mind Bittrex is the go-to spot for traders who demand lightning-fast trade execution, stable wallets, and industry-best security practices. Whether you are new to trading and cryptocurrencies, or a veteran. Bitrex can work for you.
Bitfinex is a cryptocurrency exchange trading and currency-storage platform that clans to be the largest and best exchange platform. It offers fast transactions between many cryptocurrencies like Zcash, Ripple, Monero, Stellar, Dash, Bitcoin, Litecoin. Bitfinex also claims to be the most secure cryptocurrency exchange platform.
Go to the websites of the crypto exchanges and check the reviews.
Ask yourself the questions outlined in this post.
Open your new trading account.
Send a small amount for the first time and get familiar with the platform.
Hopefully, this post can help you to find a good cryptocurrency exchange that fulfills all your needs.
