Cryptocurrency exchanges are the gateway to buying cryptocurrency.
If you’re looking to buy cryptocurrency, the first thing you need to do is open an account with a crypto exchange. An exchange is simply a place where people can exchange fiat (USD or your local currency) for cryptocurrency and vice versa. You can also trade one type of cryptocurrency for another at some exchanges. While most exchanges will require ID verification before you can make any transactions, others have much less stringent requirements, allowing anyone over 18 years old to sign up and start trading immediately.
Once you’ve signed up and verified your email address, it’s time to deposit some funds into your account so that you can start buying coins! At most exchanges this requires linking a bank account or credit card so that they know who owns them and what transactions are being made with them by default; however there are some ways around this too if banking isn’t something that works well for how often/much bitcoin would be used regularly (such as using Paypal).
Here are the best crypto exchanges out there.
Crypto Exchange: Binance.com
Binance is a cryptocurrency exchange based in Malta, known for its low trading fees of 0.1%. With a 24-hour trading volume of over $1.9 billion and over 12 million users, it’s one of the largest exchanges in the world.
Binance has several advantages over other exchanges:
- Low trading fees (0.1%)
- Relatively high liquidity (i.e., there’s usually enough demand from buyers and sellers)
- Many pairs to choose from
Crypto Exchange: Coinbase
Coinbase is one of the most popular cryptocurrency exchanges in the world, with more than 13 million users. It offers fiat-to-crypto trading pairs for Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ethereum Classic, as well as other cryptocurrencies.
The platform also supports margin trading and provides a simple user interface that makes it easy to buy and sell digital currencies.
You can buy BTC, ETH, BCH and LTC on Coinbase with credit card or debit card.
Crypto Exchange: Kucoin
Kucoin is a cryptocurrency exchange based in Hong Kong. It was founded by a team of blockchain enthusiasts who had proved themselves in industry giants like Ant Financial and GF Securities.
The platform aims to provide users with a safe, legal and reliable digital asset exchange. This is achieved by integrating premium assets worldwide and constructing a state of the art transaction platform for global users. The goal behind KuCoin’s creation was to make it possible for Chinese citizens to trade on an international stage without having to worry about being banned or facing other regulatory issues that would prevent them from doing so.
This includes providing users with access to some of the world’s most innovative projects as well as allocating resources toward research/development of new methods such as their recent KCS token burn program which allows holders more control over how they use their tokens while also encouraging others to buy more through dividend distribution rewards!
Crypto Exchange: Bitfinex
Bitfinex is a Hong Kong-based cryptocurrency exchange with a large number of active users, traders and cryptocurrencies. The exchange has a large selection of trading pairs and tokens. In addition to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Binance Coin (BNB), Bitfinex offers many other popular altcoins such as EOS, Cardano (ADA), Monero XMR) and 0x ZRX).
Bitfinex also offers margin trading on some coins which means you can trade with leverage by borrowing funds from the broker. The higher your leverage ratio is the greater amount of money you can borrow from Bitfinex. There are risks involved as well because if your investments go down then you may lose more than originally intended or expected.
BitFinex has been in existence since 2012 when it was founded by Raphael Nicolle along with others who previously worked at MtGox before that company collapsed under mysterious circumstances back in 2014.”
Crypto Exchange: Kraken
Kraken is a US-based cryptocurrency exchange that offers its services in over 32 countries around the world. The platform supports fiat-to-crypto trading pairs for Bitcoin (XBT), Ether (ETH), Litecoin (LTC) and Ripple (XRP). Users can trade on margin or make direct purchases using their bank accounts or credit cards to fund their accounts.
Conclusion
These are the best crypto exchanges in my opinion and I hope you find one that suits your needs. If you are looking for a reliable source for cypto news then you have to subscribe to our newsletter!
