- 1 How To Buy And Sell Bitcoin And Other Cryptocurrencies
- 2 Best Crypto Exchanges 2022
- 2.1 Binance
- 2.2 BitMEX
- 2.3 Bitpanda
- 2.4 Bitstamp
- 2.5 Bybit
- 2.6 CEX.IO
- 2.7 Coinbase
- 2.8 Kraken
- 2.9 KuCoin
- 2.10 Luno
- 2.11 Phemex
- 2.12 Conclusion
How To Buy And Sell Bitcoin And Other Cryptocurrencies
Digital Asset Exchanges are the central services through which you’re able to trade or “invest” into “crypto” systems. They provide a safe, secure and manageable system through which you’re able to buy “crypto” tokens from other people…
There is a large number of cryptocurrency exchanges – with Coinbase being the most popular by far. This crypto exchange also allegedly recorded revenues of just over $1bn last year, due primarily to the massive influx of retail traders buying up the various crypto tokens.
Below you can find a list of exchanges where you can buy and sell Bitcoin and other cryptocurrencies.
Whilst each crypto service has its own quirks, the most common traits are that they will typically only provision the trade of Bitcoin for fiat currency. Most systems will not touch Altcoins because they have such low values, and volatile prices.
The likes of Binance – for example – give you the ability to trade crypto/crypto, not permitting any fiat transactions at all. Therefore, if you wanted to buy Litecoin or something, you typically have to buy Bitcoin through the likes of Coinbase, and then transfer the BTC into Litecoin via Binance.
Unlike traditional currency exchange services, the crypto exchanges do not handle the currencies directly. Whilst it’s true that they will store the tokens in their infrastructure, it’s almost always the case that they will actually just act as a wallet for you – meaning that when they find a buyer, they trigger the sending process without you having to do anything.
Here You Can Buy And Sell Bitcoin And Other Cryptocurrencies
Best Crypto Exchanges 2022
Binance is a popular Chinese cryptocurrency exchange, which is popular for its crypto to crypto exchange services. While the company is still fairly new on the market, it has managed to gain a lot of popularity thanks to its impressive number of Initial Coin Offering listings, but also due to its low trading fees.
Also known as Bitcoin Mercantile Exchange, BitMEX was founded by Ben Delo, Samuel Reed, and Arthur Hayes. All of them shared expertise in the financial services industry. Originally the company was founded in 2014 in Seychelles under the name HDR (Hayes, Delo, Reed) Global Trading Limited.
Founded in 2014 in Vienna, Austria, Bitpanda is a leading and extremely reliable cryptocurrency platform in the cryptocurrency market. It was an act of pure labor on the part of three gentlemen, Eric Demuth, Paul Klanschek and Christian Trummer, that Bitpanda was introduced as a response to the gloomy and apprehensive market conditions in 2014.
Nejc Kodrič and Damijan Merlak originally started Bitstamp in Slovenia in 2011. The company has been in the crypto market for a decade now, and it was a strong competitor of Mt.Gox back then.
Bybit, a British Virgin Island-based crypto exchange, is a name well known in the crypto industry. In fact, the company had 1.2 million users until January 13 2021.
CEX.IO is one of the oldest Bitcoin exchanges around. It started out in 2013 in London as a Bitcoin exchange and cloud mining provider. At some point its mining pool, known as Ghash.io, was so big it held 42 percent of the total network mining power.
One of the most reputable bitcoin exchanges available, Coinbase is popular among fans of the ‘dollar cost averaging’ method, where users can automate bitcoin purchase every week or month. It is a no-fuss platform for just bitcoin buying and selling.
A trading-focused bitcoin service provider, Kraken appeals to bitcoin traders as you can leverage and even short on the platform. They are very reputable and was one of the first bitcoin exchanges to pass an independent audit.
KuCoin is an exchange based on a third party through which you can trade, sell and buy various types of cryptocurrencies. A professional group of business specialists with work experience at iBox PAY and Ant Financial created this in May 2017. KuCoin is a relatively new cryptocurrency in the market.
Luno is a promising and rapidly growing exchange that mainly focuses on rising markets such as Nigeria, Indonesia, and Malaysia. These countries are pretty uncommon on most of the Bitcoin Exchanges. The company started its operations in 2013 under the name BitX and then renamed as Luno in 2016.
As a Singapore based firm, Phemex started its operations on November 25, 2019. The company mainly focuses on spot trading and other derivatives of crypto. Apart from that, it supports eight languages, including Korean, German, Chinese, French, Japanese, Spanish, Russian, and English.
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