Mar 20, · Bitcoin can be traded for 26 other Cryptocurrencies as well, a user can send or receive ETH, LTC, XLM, XRP, NANO, NEM, USDT, TRX, EOS, WAVES and many other Cryptos in return of BTC. As for security, Paxful has been globally recognized by some of the biggest names in the industry as one of the most secure trading exchanges. On the Most secure platform to buy Bitcoin blockchain, only when a user's open vandalise appears next to a transaction—making transactions confidential but not unknown. The Winklevoss twins have purchased bitcoin. stylish , The Washington Post reported a claim that they owned 1% of all the bitcoins in world at the mold. May 30, · While they are a fairly basic platform compared to others on this list, they are still a quality choice and very secure as well. Hopefully, this article has helped you learn about some of the most secure Bitcoin trading platforms. Of course, be sure to complete your own research to ensure that you find a platform that meets your needs and is.
Most secure platform to buy bitcoinThe Most Secure Platforms for Bitcoin Trading - TotalCrypto
While there are many different cryptocurrencies out there that can be bought, sold and traded, none comes close to Bitcoin. It is the largest cryptocurrency on the planet according to total market capitalization and is easily the most well-known of the bunch.
As a result, there are many different exchanges and platforms that allow users to buy Bitcoin and trade it. While there are a number of ways to compare each platform to one another, the security of each platform is arguably the most important. The last thing you want to happen is to get your personal information hacked or leaked, or lose your money as a result of an attack. Because of this, it is good to make sure you are using a completely safe and secure platform.
With that in mind, this article is going to look at a few of the most secure Bitcoin trading platforms out there in and beyond. One trusted Bitcoin trading platform with high levels of security is CEX.
IO was originally established in London as a cloud mining provider but has pivoted into being one of the best and safest Bitcoin trading platforms. It is not only available in many different countries around the globe, but its design is also quite simple to understand.
They also charge fairly minimal trading fees It supports a variety of different payment options, so you will surely be able to find one that works for you.
Security of user information and funds is also very important to CEX. They apply various different policies, one of which is KYC know your customer — it is all about verifying and knowing the identity of the clients.
Another is AML anti-money laundering , which ensures that nothing shady or illegal is taking place on the platform. These are designed to maintain privacy and increase security. IO also allows users to add two-factor authentication to their accounts in order to up the security even more. When it comes to payments, the exchange complies with the requirements of PCI DSS and is awarded the appropriate certificate.
This means that CEX. IO has all the necessary security procedures in place to process and store cardholder data. Bisq is a completely decentralized and open-source Bitcoin exchange. This means anyone on the planet with the knowledge can check or analyze the code.
The platform also never controls or manages the funds of users. This is because they are held in secure wallets that are controlled only by each user. As a result of all of these features, there is no doubting the fact that Bisq cares a lot about security.
In addition to what we have mentioned, all information is kept private and the platform in its entirety is available instantly without needing to prove your identity or register with an authority.
However, despite all of these great and helpful security features, Bisq still remains simple and easy to use. While it may not have all the features and widespread adoption of other platforms, it is a great choice if security is your main concern. Based in the USA and founded in , Bittrex has quickly made a name for themselves in the cryptocurrency space. As of today, Binance has added quite a few other fiat payment modes.
Now you can also purchase Cryptocurrencies using 2 other options in addition to Simplex. The first being- from vendors on the marketplace. Banxa seems to be made for smaller traders in trade volume. It also is one of the most extensively ERC-token accepting exchanges; meaning there are over a different tokens and coins you can trade on Binance.
The Withdrawal fee is adjusted regularly according to market conditions, however at the time of writing this article BTC withdrawal was priced at 0. The trading fee is 0. So users have to start paying 0. And even though it supports U. Paxful recently re-designed themselves and jumped right to the top when it comes to being the best Bitcoin trading platforms.
It has absolutely no geographical restrictions. Most low-level traders can sneak around without having to complete any KYC verification whatsoever. Another feature making it the right pick for this best Bitcoin trading platforms is its acceptance of over different payment modes! As for security, Paxful has been globally recognized by some of the biggest names in the industry as one of the most secure trading exchanges.
LocalBitcoins is a Bitcoin market with a totally different vision and environment. You can either buy or sell your Bitcoins online on Local Bitcoins directly to other humans. LocalBitcoin servers as an online wallet , an escrow system to facilitate a safe deal. Obviously, two-step authentication is available and works towards making your LocalBitcoin account and wallet secure. Update: LocalBitcoins now requires Mandatory KYC verification in most cases, and hence has been moved to the bottom of this list considering how we take your anonymity seriously and only prioritize anonymous best trading exchanges.
Phemex despite being one of the newest exchanges, is one of the best Bitcoin trading exchanges for more than one reasons. Currently, it only supports BTC deposits.
Bitcoin deposits require only 1 confirmation to be considered valid. Makers get paid a 0. For takers, the fee is 0. Both the minimum deposit and withdrawal have a requirement of 0. Cold-wallets exist for extra security. Double-entry bookkeeping prevents fraud and other similar actions in an account. Up to x leverage trades available. It too, alike Phemex believes in paying the makers for trades.
Makers earn a 0. Deposits are completely free. Withdrawals are priced at 0. Every cryptocurrency also has its own minimum withdrawal limit, which is — 0. The live-chat is available 24X7, the response-time is impressive and the answers are detailed. They have three verification level, and in order to trade users have to be atleast level 3. The verification takes a maximum of 48hours in most cases; and is most often completed in less than a working day. S customers.
Withdrawal fee is 0. They do have an extremely secure cold-storage for safe-keeping majority of the funds. KuCoin is a new player to the Bitcoin exchange game, however since its angel investment round in August it did skyrocket its performance, availability, features and everything else. Trading Passwords are another security fail-safe which can be set on the platform, they are like 2-FA but not for login rather are used for transactions, withdrawals and other major fund-related activities.
Advanced features such as an anti-phishing mechanism as well as Login safety phrase are available as well. Coinbase is without doubt one of the best cryptocurrency trading market in the industry, it also is one of the most professional options when it comes to a Bitcoin market. It offers simple buying and selling of Bitcoins, in one of the most secure environments in the industry. Primarily you can automate purchase and sales of Bitcoin without you having to touch the computer.
The limit also varies based on your residence, type of citizenship and method used to purchase Bitcoins. Also ACH payment method will clear you for a higher limit compared to using a Credit card for the same. The processing fee differs based on Payment method and country. First and foremost reason why BitFinex deserves to be on this Bitcoin market list is because of their magnanimous trade volume!
Secondly, they claim to have the minimum slippage during an exchange, and support a wide range of options apart from Bitcoins, including Ethereum, Zcash, Litecoin and Monero to name just a few.
The currency is stored in cold-storage, with only 0. Even the cold-wallets are protected, and require high-level manual access from the team to be transferred anywhere else! As far as interface or customization is concerned, they not only offer some of the best looking dashboards, but they can be completely customized from your end as well! And obviously their API is advanced enough for you integrate with any of your custom made tools to monitor pre-made charts, create your own charts, edit orders automatically or anything else based on your skills and creativity.
Fee structure is based on the Maker-Taker model. It starts with a 0. LakeBTC is best known for its security measures and transaction fee, which equally competes with the fee of any other large Bitcoin trader in the industry since its early days. The other feature worth pointing out is its huge currency support! They use a trader-maker model by default, where the taker pays 0.
And it grows up to a mark of 0. BitStamp is another giant in the line of facilitating Bitcoin trading in the Bitcoin market with an average day trade volume of , meaning lower Bitcoin prices and bulk buying opportunities for you! As far as processing fee goes, it has a very simple calculation to that.