There are more and more brokers specialized in cryptomites. Lately, the most common brokers also allow the trading of these new assets. In English we will hear about the word exchanges.
Today there are a number of platforms to choose from, but not all exchanges are the same. In this article we will talk about the ten best exchanges of cryptomedas.
We must first understand the typology of brokers that exist:
Trading Platforms – are sites that connect buyers and sellers and charge a fee for each transaction.
Direct Trading – These platforms offer direct person-to-person trading, where individuals from different countries can exchange currencies. Direct trade exchanges do not have a fixed market price; instead, each seller sets its own exchange rate.
Brokers – These are sites that anyone can visit to buy cryptomotes at a price set by the brokerage house. Brokers of cryptomeds are similar to forex brokers.
The best exchanges of cryptomotes
Bitbuy.ca is a Canadian owned and operated digital currency platform. Originally founded as InstaBT in 2013, the company’s mission is to provide convenient, reliable and secure access to Bitcoin and other digital currencies. Customer service, ease of use, and fast response times for deposits and withdrawals are pillars of this platform. They serve both beginners and experienced traders and are one of Canada’s fastest growing buy/sell platforms. A great option for users who wish to buy and maintain cryptomoedas , or users looking for a reliable access ramp to turn their money into cryptomoedas quickly and easily.
Great customer service
Quick registration and verification
Fast processing of CAD deposits and withdrawals
Only offers BTC, ETH, LTC, BCH
Only available to Canadians
Backed by reliable investors and used by millions of customers worldwide, Coinbase is one of the most popular and well-known brokerage and trading platforms in the world. The Coinbase platform makes it easy to safely buy, use, store and trade digital currency. Users can buy Bitcoins, Ethereum and now Litecoin from Coinbase through a digital wallet available on Android and iPhone or through trading with other users at the company’s Global Digital Asset Exchange (GDAX) subsidiary. GDAX currently operates in the US, Europe, UK, Canada, Australia and Singapore. At this time, GDAX does not charge transfer fees for moving funds between your Coinbase account and your GDAX account. For now, the choice of tradable currencies, however, depends on the country in which you live.
Pros: Good reputation, security, reasonable fees, beginner-friendly currencies are covered by Coinbase insurance.
Cons: Customer support, limited payment methods, limited countries supported, uneven distribution of services worldwide, GDAX suitable for technical merchants only.
Built with the same technology as the New York Stock Exchange.
They are focused on safe trading, because at the end of the day, you trust your money with them. They understand this and take it very seriously. Their system is 100% proprietary, has been stress tested and tested against DDoS, and has never lost a single currency. They also keep a ledger in the interest of making sure they know where every currency – be it Canadian or eternal – is at all times.
Pros: Good reputation, safety, reasonable rates, beginner-friendly.
Cons: Customer support, limited payment methods, limited countries supported, uneven distribution of services worldwide.
Founded in 2011, Kraken is Bitcoin’s largest exchange in volume and liquidity in euros and is a partner of the first cryptomaniac bank. The Kraken allows buying and selling Bitcoins and trading between Bitcoins and euros, US dollars, Canadian dollars, pounds sterling and Japanese yen. It is also possible to trade digital currencies other than Bitcoin like Ethereum , Monero, Ethereum Classic, tokens Augur REP, ICONOMI, Zcash, Litecoin, Dogecoin, Ripple and Stellar / Lumens. For more experienced users, the Kraken offers trading margin and a number of other trading features. Kraken is a great option for more experienced traders.
Pros: good reputation, decent exchange rates, low transaction fees, minimum deposit rates, advanced features, excellent user support, safe and supported worldwide.
Cons: limited payment methods, not suitable for beginners, intuitive user interface.
Cex.io provides a wide range of services for using bitcoins and other cryptomains . The platform allows users to easily trade fiduciary currency with cryptomoins and, conversely, cryptomoins for fiduciary currency. For those looking to trade bitcoins professionally, the platform offers customized and easy to use trading panels and margin trading. Alternatively, CEX also offers a brokerage service that provides inexperienced traders with an extremely simple way to buy bitcoins at prices that are more or less in line with the market rate. Cex.io website is secure and intuitive, and cryptomoedas can be stored in a secure storage.
Pros: Good reputation, good mobile product, credit card support, beginner-friendly, decent exchange rate, worldwide support, API solutions for automated trading
Cons: strict verification rules, fees vary according to the method of payment