Best Bitcoin exchanges
The best guide to using exchanges
What is a cryptocurrency exchange?
Cryptocurrency exchanges are platforms that allow the buying and selling of cryptocurrency coins. They do not sell them directly, but allow contact between people who want to sell with people who want to buy.
The main function of exchanges is to ensure that buyers receive bitcoins and sellers receive the money involved in the trade. In addition to connecting buyers and sellers, exchanges have the function of ensuring that each party receives what is traded securely.
|Payment methods||58||3||bank transfer||paypal, bank transfer, credit card||cryptocurrencies only||tarjeta o transferencia bancaria||—|
|Website||Visit web||Visit web||Visit web||Visit web||Visit web||Visit web||Visit web|
What should you consider before choosing a cryptocurrency exchange?
Before buying the currency of your choice, there are some considerations you should take into account when choosing a cryptocurrency exchange.
It is advisable to do a good research before choosing a bitcoin exchange, it is important to make sure you choose the most secure and practical platform possible. One of the main indicators that should influence your choice is the trading volume, this is a great indicator to take into account and is an excellent indicator of the reliability of the exchange.
|Exchange||Volume (24h)||Weekly visits||Markets||cryptocurrencies|
|Coinbase Exchange||6,350,970,27028.23 $||3,418,423||352||114|
|Huobi Global||4,973,169,22034.78 $||1,418,553||1046||353|
Top 9 best cryptocurrency exchanges
Binance is one of the most popular international cryptocurrency exchanges in the world. This exchange has the largest market volume (largest number of purchases and sales of cryptocurrencies), according to CoinMarketCap data. The main advantage of Binance is the wide variety of cryptocurrencies it deals with, as it works with more than 300 cryptocurrencies and in more than 570 available trading pairs. In addition, Binance also offers free deposits and standardized trading fees.
Coinbase is one of the best known Bitcoin and cryptocurrency exchanges in the world, along with Binance. Coinbase is based in San Francisco (USA) and is a global benchmark in the security of cryptocurrency exchanges, as this is Coinbase's main objective. This exchange follows all existing security protocols and standards.
Bitstamp is one of the oldest exchanges in the bitcoin and cryptocurrency market. Among the features offered by this Luxembourg-based exchange is the possibility to buy cryptocurrencies with credit cards and also to withdraw funds in the form of gold, which is very interesting for users who want to keep an international reserve.
This exchange was founded in 2013 in the United States and is only available in English, which makes it difficult to use for some investors who do not understand English. Despite this, the Bitrex application is very complete for investing in cryptocurrencies and they have more than 190 coins available, which helps to increase the number of users of the platform.
This exchange is one of the most popular in Asia, competing with Binance in this continent. Huobi operates with more than 300 digital currencies and more than 800 trading pairs available.
This cryptocurrency exchange based in Hong Kong, started in 2012. This exchange belongs to the stablecoin Tether (USDT). In recent years, Bitfinex has been the focus of attacks by hackers who had detected a vulnerability of the exchange. However, the vulnerabilities have been overcome and the exchange now has several security protocols, which ensure reliability for its customers.
Bithumb is one of the most popular bitcoin exchanges in South Korea, having been on the market since 2013. Based in Seoul, Bithumb is also widely used by the Japanese, as it has the highest trading volume among exchanges operating in the country. It is also interesting to note that Bithumb has a standard transaction fee that does not depend on the value of the transaction, which becomes interesting for the movement of large values. Security is also a highlight of the platform, which has rigorous verification and security processes.
This North American bitcoin exchange stands out for its interface, offering three levels of trading: basic, intermediate and advanced. Each one is adapted to the user's experience, which makes trading cryptocurrencies easy and the platform adapts to the user's experience.
KuCoin exchange is based in Singapore and started operating in 2017, being one of the newest cryptocurrency exchanges that are at the top of the list of the best cryptocurrency exchanges. KuCoin has several tools that help investors, and great liquidity. KuCoin has recently been the target of hacker attacks, with a theft that took about $285 million.
Differences between cryptocurrency exchanges
Cryptocurrency exchange sites are those that allow customers to exchange cryptocurrencies for other assets, such as conventional fiat currency or different digital currencies.
Their revenue is usually based on transaction fees for their services or they simply charge fees as a corresponding platform to exchange cryptocurrencies with other cryptocurrencies or digital currencies.
Some of them can send cryptocurrencies to your personal cryptocurrency wallet and many can convert digital currency balances into anonymous prepaid cards that can be used to withdraw funds from ATMs around the world.
some bitcoin exchanges accept credit card payments, bank transfers, and others only cryptocurrencies
How to buy on binance?
Binance is a popular exchange in the world of cryptocurrencies and is the best place to buy digital currencies. Binance offers a totally secure platform used by millions of people around the world; millions of transactions of buying and selling digital currencies are made every day from this platform. Here’s how to create a Binance account and start buying and selling.
How does a cryptocurrency exchange work?
Bitcoin exchanges function similarly to a currency exchange bureau. It serves as a center for buying or selling Bitcoins and offers the service of orientation and guidance to those interested in these transactions.
Even so, cryptocurrency exchanges are not the ones that stipulate the buying and selling price of Bitcoin or any other cryptocurrency. Their job is to facilitate the meeting between those who are interested in selling and those who intend to buy a given cryptocurrency.
Through the platform, the person who is selling defines an offer value for their cryptocurrencies, while the person who is interested in buying registers how much they are willing to pay.
Therefore, when these buy and sell values match, the platform carries out the transaction between the seller and the buyer. A fee is stipulated as a % of the transaction, so that the deal can take place.
How to invest correctly in cryptocurrency exchanges?
Cryptocurrencies are much cheaper to operate and use than traditional money, as they do not go through numerous intermediaries interested in receiving money. Even so, there are certain fees to be paid when buying cryptocurrencies, and although they are usually quite low, they do exist.
First steps in cryptocurrency exchanges
After choosing a cryptocurrency exchange and opening your account, simply make a bank transfer or a credit/debit card deposit. To preserve your security, be careful with the password and username of your account, avoiding leaving it saved on your computer or mobile. Finally, when the deposit is validated, you can place the purchase order and acquire the chosen token or cryptocurrency. This process can be done in two ways
Each time you buy a cryptocurrency, it is stored in a cryptocurrency wallet that is unique to you. Most cryptocurrency investors buy and sell cryptocurrencies in exchange houses, given their ease and security.