Cryptocurrency Exchange or Digital Currency Exchange is a business that involves the exchange of cryptocurrency with other assets such as for instance money or some other digital currency. It is a net service that delivers electronic transactions in electronic forms and taking fees for them. Any transactions or operations to Digital Currency Exchange could be made through debit and bank cards, postal money order or some other types of money transfer. This article is all about discussing the many cryptocurrency exchanges which facilitate crypto currency trading for beginners and what they feature with regards to availability, ease of use, security, deposit/withdrawal methods and fees. Hopefully this guide to cryptocurrency trading can help you obtain started with cryptocurrency exchanges.
Coinbase/GDAX
Coinbase is one of many biggest cryptocurrency exchanges situated in San Francisco, California. It will come in 32 countries and currently serves over 10 million customers. Launched in 2012, it posseses an user friendly interface that makes Digital Currency Exchange a simple task for a non-technical person. It can be available for both iOS and Android. Unfortunately, Coinbase doesn't provide crypto currency mining for beginners and is an exchange.
Currently, it gives four coins, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. It exchanges digital currency with US dollars, Euros and Great British Pounds cryptocurrency exchange platform. With minimum transfer fees, Coinbase has never experienced any security breach rendering it a perfect platform for digital currency exchange. As well as that, Coinbase also offers a fully-fledged advanced exchange called GDAX. It provides more complex features and different and better trading fees than Coinbase.
Bitstamp
Bitstamp is another platform that delivers digital currency exchange. It is relatively user friendly and offers more complex features via TradeView. Bitstamp offers coins such as for instance Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. It exchanges digital currency with US dollars and Euro. You are able to put into practice all the most recent crypto currency trading techniques in this exchange. It provides Flat deposits via bank transfers and supports debit/credit cards. Perhaps the only drawback one can find in Bitstamp is slightly high fees and the fact it suffered one security breach in 7 years of its operation. Nonetheless, it is one the absolute most reliable exchanges. It will come in both iOS and android.
Gemini
Gemini is just a UK based company launched in 2015 by Winklevoss twins. It will come in few countries including U.S, Canada, Hong-Kong, Singapore and South Korea. Among the downsides to this platform is it is not particularly user friendly. So, beginners aren't recommended to use this platform. It provides two coins and 1 FLAT currency Bitcoin Cash, Ehtereum and US Dollars. Gemini follows strict protocols as it pertains to security and as of 2018, it hasn't encountered just one security breach thus making it one of the very secure and reliable digital currency platform. However, it is essential to own digital currency investment strategies before you start trading.
Digital Ticks
Digital ticks is a contemporary crypto exchange that aims to be always a game changer in this sector. They have implemented most of the latest techniques rendering it easy for everyone to get started with trading. It features a unique feature called a Single Portfolio View that would enable the traders to see most of the holding positions on a single portfolio. It will be simple for traders to make informed decisions regarding the cryptocurrency exchange employing this unique feature. It also supports Bitcoin, Ethereum, Litecoin and Dashcoin.
Kraken
Kraken is one of many oldest cryptocurreny exchange platform. Launched in 2011, kraken is the largest exchange with regards to volume and liquidity for EUR trading pairs. It serves worldwide such as the US. Kraken offers a number of coins including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and many more. It also supports deposit/withdrawals via bank transfers and cryptocurrencies. Having a not so friendly user interface, it also suffers from stability and performance issues but nonetheless, it is good platform for cryptocurrency exchanges.
Bitfinex
Bitfinex is the greatest cryptocurrency exchange platform. Launched in 2012, it posseses an user friendly interface and offers advanced quantity of features such as for instance margin trading, margin funding etc. It can be acquired for both iOS and android platforms. It provides BTC, BCH, ETH, LTC, IOTA, XMR and NEO. Similar to the previous cryptocurrency exchanges, it supports withdrawals using US dollars and Euros via bank transfers. Bitfinex has suffered two security breaches, the initial one was in May 2015, which triggered a lack of $330,000. And the 2nd one on August 2016 that triggered a lack of worth $72 million.
EtherDelta
EtherDelta is just a decentralized exchange that directly supports peer to peer connection. It is completely different from the previously discussed cryptocurrency exchanging platform. Here, funds are held in a smart contract on a Ethereum network that you are solely responsible for depositing and withdrawing from. Currently, EtherDelta only supports Ehtereum based tokens. EtherDelta features a rather confusing interface which makes it problematic for users to do cryptocurrency exchange operations. In one occasion, someone tried to buy 750 Kyber for 0.007 ETH each but ended up buying 0.007 KNC at 750 ETH.
