Your first step in the world of cryptocurrency will be through a crypto exchange or a brokerage firm. To begin with, there are two kinds of crypto exchanges:
- Fiat Exchanges
- Cryptocurrency to Cryptocurrency exchanges
The first kind of fiat exchanges allow the direct exchange of US Dollars, Euros and most of the other government backed currencies in the world. The second kind of cryptocurrency to cryptocurrency exchanges allows exchange of one cryptocurrency for another.
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Given the scope of the virtual currency, investors are showing great zeal and enthusiasm to invest more and more in Cryptocurrencies. There are almost 1600 different cryptocurrency with a market cap of $289 million in circulation today and the numbers are increasing day by day. To keep pace with the breakneck speed of investors to invest in cryptocurrency, a slew of cryptocurrency exchanges have emerged. These platforms offer the infrastructure to support the exchange of the virtual currency.
There are so many cryptocurrency exchanges in the world that it becomes difficult to pick the right one. However, the kind of exchange you choose would depend on the type of cryptocurrency you deal with and the region you belong to. For instance, if you are in the US or Europe area and you want to invest in cryptocurrency, you would start with Kraken or Coinbase.
To mitigate the stress and anxiousness in choosing the right crypto exchange, here is a comprehensive list of the top largest crypto exchanges across the world.
Coinbase is based out of California and it is considered to be one of the friendliest crypto exchange for beginners. The user interface is very simple and easy to understand. Along with being a cryptocurrency exchange, Coinbase is also a brokerage. You can directly purchase your virtual currency from the exchange.
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Binance is a rapidly growing cryptocurrency exchange and this exchange is registered in Malta, which is considered a haven for crypto. The best part about Binance is that it offers exchanges at amazingly fast speeds.
Bitpanda is similar to Coinbase because Bitpanda also has an easy to understand interface. This is again a good exchange for beginner level crypto investors. Dealing with Bitpanda is easier for it accepts several payment methods such as credit cards, debit cards, bank transfers, Skrill Neteller and so on.
Cex.io is one of the most trusted and secure bitcoin exchange platforms. The exchange is headquartered in UK and offers high liquidity to its users. The exchange also offers cross platform trading with higher margins, 100% uptime, high fees and much more. This is the best place if you want to buy a variety of altcoins.
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Kraken was established in the year 2011 in the US and since then it is gaining popularity. If trading fees are your part of worries, Kraken has one of the best fee systems and a fair scale for 30-day trading. The exchange allows deposits from Dollars, Euros and CAD.
Another beginner friendly crypto exchange platform, CoinMama solely focuses on credit and debit card purchases. The exchange offers quick deposits, and you can sell Bitcoin, Ripple, Ethereum, Litecoin and many others to more than 40 US states.
Using Change Now will be the easiest way to trade with and hold various cryptocurrencies. The exchange already has a good and worthy track records of offering the best products. The best part about this exchange is that there is no lengthy registration process.
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LocalBitcoins is one such crypto exchange platform that offers highly reliable escrow service along with peer to peer exchange. The nature of exchange is such that the availability is pretty easy in every country. The users trade amongst themselves and they can post a quick buy and sell very conveniently.
For those, who are looking to increase their earnings more, BitMEX is the right choice. BitMEX is considered to be the king with its cryptocurrency derivatives trading platform, which offers 100 % leverage.
Bittrex was formed as a reliable cryptocurrency exchange with only one aim in mind – security. A team with decades of experience in security developed this platform and Bittrex keeps most of the funds of its clients in cold storage.
This exchange is one of the oldest bitcoin and cryptocurrency exchanges of the world. This platform has a variety of fiat as well as crypto trading pairs. As it is one of the oldest exchanges, it is also considered to the most trustworthy.
This is the one of the latest cryptocurrency exchanges founded in the past 6 months, but FTX has already taken the crypto world by storm. The platform can offer some cool bunch of new products. Check it out now.
To sum it up, each cryptocurrency exchange has its own features. You can select the one that seems the most reliable to you and that helps you deal with your local cryptocurrency.
