11 rows · Dec 08, · Binance is the largest digital currency exchange services in the world that 5/5. 9 rows · Feb 02, · Best Bitcoin Trading Sites Taking into account daily trading volume, the .
Btc trading siteBest Bitcoin Trading Sites for - Bitcoin Market Journal
Bitcoin Market Journal brings you hot investment tips from the best minds in bitcoin, altcoins, and ICOs. Straight to your inbox. Best Bitcoin Trading Sites Taking into account daily trading volume, the number of altcoins traded, trading fees, user reviews, and ease of use for beginners, here are our top picks. Name Description Daily Trading Volumes Number of Altcoins Trading Fee User Reviews User Friendliness Score Binance Binance was launched in after a successful initial coin offering and quickly managed to become one of the go-to bitcoin trading sites for both beginners and experienced digital currency traders.
The exchange's high number of tradable assets combined with its user-friendly interface have helped to establish it as one of the leading digital currency exchanges today. Bittrex is also regularly one of the first exchanges to enable the trading of newly launched digital currencies coming out of initial coin offerings ICOs. Bittrex is an excellent bitcoin trading site to use when you first start to venture into the altcoin market, as it is very user-friendly and intuitive to navigate.
The Hong Kong-based bitcoin trading site has managed to establish itself as one of the exchanges with the highest trading volumes thanks to its range of tradable digital assets and advanced trading functionalities such as margin trading.
The bitcoin trading site was launched in to enable traders to invest in a broad range of trade digital currency pairs and to provide its users with the ability to trade using leverage.
While trading with leverage increases your potential profits, it can also inflate your losses. Hence, always trade with care and cut your losses quickly when the market moves against you. BitMEX is a bitcoin trading site that was set up in to provide digital currency derivatives to professional traders. The platform uses bitcoin as the base currency for all derivatives trades and allows users to leverage up to x, which means with 1 bitcoin, you can move up to bitcoin in value.
While leverage allows you to greatly amplify your returns, it can also exacerbate your losses. Hence, it is important to put adequate risk management measures into place should you decide to trade bitcoin derivatives as part of your investment strategy.
Coinbase launched Coinbase Pro formerly known as GDAX in to provide bitcoin traders with a professional trading platform to buy and sell the altcoin. Coinbase Pro has since added leveraged trading options to the exchange and has also made several altcoins available for trading.
Unlike most Bitcoin trading sites, Paxful is more focused on creating a marketplace where users can purchase cryptocurrency in the most convenient way. Instead of a fully functional trading site, Paxful offers a simple-to-use platform from which customers can buy various cryptocurrencies.
Regular buyers and sellers accrue a reputation score that helps to promote trustworthiness on the site and ensures all transactions are completed fairly. Localbitcoins is another decentralized exchange that works in a similar fashion to Paxful but connects users who are geographically close to each other.
This method makes the completion of payment far easier as it avoids the high fees and waiting times associated with international bank transfers. LocalBitcoins is one of the longest-serving Bitcoin trading sites and is available in over countries and territories worldwide. However, due to regulatory restrictions, it is not available to customers in the United States, China, Syria, Indonesia, and North Korea. The platform supports multiple methods by which users can complete peer-to-peer transactions including Paypal, wire transfer, Western Union and Webmoney.
The Binance trading platform is available in a vast range of languages, including English, Korean, Spanish, Russian, French and Japanese. Binance has apps available for both iOS and Android mobile phones and is supported in Europe, USA, Japan, Australia, and all other major cryptocurrency-friendly countries. The platform is also supported by its own native digital asset, the BNB token, which has increased exponentially in value over the past year.
In addition to our top five above, there are several other ways to buy and trade Bitcoin that may appeal to certain customers. Coinbase is one of the most popular cryptocurrency wallets due to its simple and appealing mobile apps. Users can quickly and easily create a verified account and then purchase several cryptocurrencies via credit card, Paypal or other methods.
However, Coinbase has some of the highest fees associated with purchasing cryptocurrency. BTCC is one of the oldest exchanges in the world, dating back to It offers purchases in credit card, wire transfer and cryptocurrency with a 0. BitBay is another Bitcoin trading site that offers hassle free purchases via credit card. In addition, it features its own BitBay debit card that can be used to withdraw cryptocurrency at any ATM around the world that supports Mastercard.
While improvements in safety are being made on a daily basis, cryptocurrency remains a largely unregulated industry. Always ensure you are using a secure internet connection and if possible, use a platform that provides two-factor authentication. Mark Hartley is an IT specialist, freelance writer, world traveller and crypto enthusiast.