Bitcoin! Litecoin! Ethereum! Steem!
You also feel like jumping on the bandwagon of the mystic world of cryptocurrencies and get your USD, EUR or GBP converted into Bitcoin or Altcoins, which seem to have a better future or future return.
First of all, you’ll have to find a cryptocurrency exchange for this purpose.
Then, the next question – which is the best cryptocurrency exchange?
This question has become paramount in the minds of the cryptocurrency users and investors; as the news and reports of the failure of the cryptocurrency exchange itself sometimes like MtGox, the bankrupted exchange; and more often, the breach of security of cryptocurrency exchanges themselves, and
theft of cryptocurrencies owned by people like you.
It’s not an easy task to point out the one best exchange for
cryptocurrencies, which will fulfill all your needs and sort out all the
problems related with cryptocurrencies.
You should consider a number of parameters to judge and find out the
best Bitcoin/cryptocurrency exchange:
How safe is the website and server? Secure exchanges are better.
High liquidity.
Transaction fee structure of the exchange like fixed fees, percentage
fees and spread.
Whether exchange provides transparent data of coins transactions, prices,
and volumes?
Multiple options to buy Bitcoin like PayPal, credit card, etc.
Are customers happy?
Beginner-friendliness.
Good user ratings.
Some of the best Bitcoin/cryptocurrency exchanges are as under:
Coinbase
Coinbase is considered by many as the best exchange for cryptocurrencies like Bitcoin, Ethereum, and Litecoin. It has own associated wallet with Android and iOS apps. Some of the users have complained of privacy violations.
Coinbase was founded in 2012. It is headquartered in San Francisco, California. It allows the users to make recurring purchases to invest in various cryptocurrencies. It is one of the most renowned cryptocurrency exchanges in the world.
Bittrex
Bittrex is a Las Vegas, US based and regulated exchange. It offers trading in many cryptocurrencies, tokens and newer coins. It supports more than 190 cryptocurrencies. It offers speedy transactions, high stability, and follows some risk management practices.
Kraken
Kraken is one of the best Bitcoin/ cryptocurrency exchanges. It provides reliability, high security environment, some legal compliance, and advanced order types like stop-loss orders. It also offers high liquidity, low fees, fast funding, margin trading, etc. It has uptime problems occasionally. It was founded in 2011. It is headquartered in San Francisco, California.
BitFinex
BitFinex claims to be the largest and most advanced Bitcoin trading platform. It offers fast transactions between many cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ethereum Classic, Ripple, Dash, Monero, Iota, and Zcash. It offers high security, margin funding, leverage trading, and advance order types. It offers apps for Android and iOS as well. It was also affected by hackers. It was founded in 2012. It is headquartered in Hong Kong.
Coinmama
CoinMama is simple to navigate and it doesn’t need initial cryptocurrency. You can use normal cash for buying cryptocurrencies. CoinMama covers about 200 countries, more than most of the other Bitcoin/cryptocurrency exchanges. It is headquartered in Virgin Islands.
LocalBitcoins
LocalBitcoins offers a peer-to-peer (P2P) exchange. It allows users to trade among themselves individually. It offers lower fees. It also offers a resolution system, a rating system for traders, etc. It allows users to post a quick buy or quick sell ad on the exchange platform. It is one of the best cryptocurrency exchanges for peer to peer trading.