Bitcoin and cryptocurrency has become the centre of attention these days – It pops up as the hottest investment commodity of all time. With price spike of Bitcoin and other cryptocurrencies, Crypto enthusiasts are more vigilant towards trusted trading platforms. And why not? Nobody holds earning for any stranger to stole. Well, if you’re looking for trusted cryptocurrency exchanges, let’s have a roundup at top five across the crypto market; the advantages, disadvantages, comparison, review and other factors.
Coinbase – The very first cryptocurrency exchange in my list is, Coinbase. It is one of the largest Bitcoin broker compatible with multiple payment methods, including SEPA transfer, bank account, Interac Online and many more. The platform was launched in 2012 in San Francisco, California and presently serves almost around 32 countries. By 2013, the exchange was the highest funded Bitcoin startup, enabling users to trade cryptocurrencies at a set price as determined by their market value. Depending on user’s payment method, its fees range from roughly 1.49% to 3.99%.
Binance – The name Binance is ellipsis of Binary and Finance. It is a crypto-to-crypto exchange began in China in 2017 but jumped to HongKong following China’s ban. Before the actual launch of trading platform, Binance had its ICO (of native token – BNB) in the year 2017. Soon after the successful launch of exchange, the BNB tokens were used to pay transaction fees. However, among all the successful exchanges, Binance gripped and sped the market rapidly. Binance cryptocurrency exchange was ranked topped in exchange list. It often adds new coins and trading pairs with extreme liquidity. It applies trading fees of 0.1% and presently rank the first position with total market capitalization $2,360,652,849.
Bitfinex – Established in the year 2012 by Raphael Nicolle, this exchange is both owned and operated by iFinex.Inc. Bitfinex is one of the world’s largest Bitcoin exchange or bitcoin trading platforms based in Hong Kong. The platform is best known for USD – denominated Bitcoin trading, accompanied by their own speculative tokens. Its unique tokens are used to bet on the potential Bitcoin Core/Bitcoin unlimited network fork.
In terms of USD trading volume, Bitfinex has the most liquidity which makes the platform rank among the top exchanges consistently. Bitfinex serve intermediate and advanced traders with long list of cryptocurrencies, trading pairs and features. Though all cryptocurrency deposits are free but maker’s and taker’s fees ranges from 0.0% – 0.1% and 0.1% to 0.2% respectively.
Bithumb – Bithumb is operated by a company called BTC Korea.Com Co.Ltd., and is headquartered in Seoul, South Korea. This trading platform is oldest and renowned as the highest-volume cryptocurrency exchange in South Korea. With support of multiple languages such as English, Spanish, Japanese, Chinese and unlike, Bithumb has been the global Bitcoin leaders. It allows cryptocurrency trading of various Altcoins including BTC, ETH, LTC, XRD, Dash, Ether Classic, Monero, Otum, Zcash against the South Korean Won.
On top, Bithumb exchange offers three trading options – i.e general trade, easy trade and reserved trade. Each trading is compatible with different features; where general trade is self-explanatory, easy trade opens for automatic transaction and reserved trade proceed an order at the market price.
Kraken – Being the oldest Bitcoin and Ethereum Exchange, Kraken has set itself as the secured platform for everyone to trade cryptocurrencies. It has launched in 2011 by Jesse Powell but officially catches public’s eye in September 2013. Kraken is not just a bitcoin trading platform but also support a range of other cryptocurrencies including Ethereum, Litecoin with the pair of various fiat currencies. If you’re a newbie and wish to buy Bitcoin, kraken would the best bitcoin exchange available.