Review of Popular Cryptocurrency Exchanges
Cryptocurrencies proved themselves as a good hedge against government inflatory polices. Naturally Bitcoin as well as some altcoins are becoming more and more popular around the world. The interest of investors is growing rapidly. People are even buying Cryptocoins as a retirement funds. Ofcourse some people are trading for speculative purposes. Keep in mind that some of the altcoins can’t be bought with fiat currencies like Euro or USD. You first have to buy Bitcoins and then exchanged it for the desired altcoins. Here is our review of popular cryptocurrency exchanges:
Coinbase is one of the world’s largest Bitcoin exchanges and trusted Bitcoin wallets. You can buy your cois with connected bank account or SEPA transfer. It offers bitcoins and also other major cryptocurrencies like Etherium and Litecoin. It operates in the USA,Canada, Singapore and most of Europe. European residents can also buy their coins with debit or credit cards. Check Coinbase here.
Spectrocoin is another of the trusted Bitcoin wallets. It offeres services that include a wide range of Bitcoin solutions, from exchanges to Bitcoin e-wallets. SpectroCoin builds its business policy on Bitcoin’s philosophy of making financing quicker, frictionless and also flexible. That includes every aspect of service, starting from the number of payout methods to the range of support languages available. Check SpectroCoin here.
Binance is one of the fastest growing exchanges since its ICO. Despite the fact that it’s based in China, it is open pretty much every country in the world. It has more than 140 altcoins listed and their number increases more and more. They also provide discount for traders who use their own BNB coin. If you pay your fees with BNB coin, you can reduce your fee even more, although the fees are already small. They have multi-language support and apps for iOS and Android. Check out Binance here.
Changely offers one of the easiets ways to buyy altcoins. It is a product of MinerGate, which has been aroun for a while and is known for the quality of their products. It supports more than 35 cryptocurrencies, and to use it you just need to sigh up with your e-mail. Usually the exchange takes up to 30 minutes. The commission fees are reasonable, also a miner fee is paid which is paid with the cryptobalance of the user. You can purchase altcoins with credit or debit card or any of the supported currencies on the platform. Ofcourse you need a cryptowallet as well to receive your coins. Checkout Changely here.
Bittrex is another big exchange in our review of popular cryptocurrency exchanges. They offer more than 190 cryptopairs to traders. It is based in the USA, well regulated and in sinc with the United States rules. That makes it one of the safest exchanges in the world. The fee is relatively small, and Bittrex allows you to choose the rate you want to buy and sell. The sign up process is quite simple, but to withdraw you have to submit your ID documents and phone number. They are crypto-only exchange and you are not allowed to deposit fiat currencies(Euro, USD, etc.). They provide advanced trading tools such as candlestick chart, volume and different price indicators. Despite that their platform is quite easy to use even by a novice. Check out Bittrex here.
ShapeShift is crypto-only exchange, which means you can’t use any fiat currency. It supports more than 40 currencies and to trade you need to already own one of them.The sign up process is very simple, you don’t have to submit your personal ID, you don’t even have to log in with your e-mail to use it. It is good platform but Changely offers better rates and better transaction history. Check out ShapeShift here.
Poloniex was founded in 2014 and is one of the biggest in the world. The cryptocurrencies to choose from are over 100 with one of the highest trade volumes in the world. It is crypto-only exchange but you can fund your account with USDT(Thether Dollars). Their charts are zoomable, you can have candlesticks from 5 minutes to 1 day. They offer stop-limit feature as well. The signup process includes submiting personal ID. The fees are from 0.15% to 0.25% depending if you are maker or taker(offer to sell or want to buy). Check out Poloniex here.
Bitfinex is based in Hong Kong and operates since 2014. It offers 22 cryptocurrencies to trade agains USD or Bitcoin. It is a spot trading platform and also offers leverage margin trading through their peer-to-peer funding market. You can trade on the platform with USD unlike with Poloniex or Bittrex, you pay a fee on every trade, there is also fees on deposits and withdrawals. The verification process includes personal ID submission and is quite lenghthy. It takes usually between 15 and 20 days after you submit your ID to get verified. They offer advanced order types for pro-traders such as limit orders, stop orders, trailing stops, etc.,advanced charts, as well as Android and iOS mobile apps. Check out Bitfinex here.
Cryptopia is the last in our review of popular cryptocurrency exchanges. It is quite popular exchange that supports mor ethan 400 altcoins. They have a list of very cheap coins and that doesn’t mean they are fake, they just haven’t been hyped yet. Some of them you probably never heard off. As a result they help those currencies to gain good liquidity and trading volume. Cryptopia is based in New Zealand and allows you to join from almost everywhere in the world. The registration process is quite simple, submit your e-mail and create strong password. It is for the best to have two-factor authentification when using centralized exchanges. The fees are not fixed and they show them in a corner when you trade. They don’t have other fees than the one shown. Check out Cryptopia here.