So you’ve just picked up your very first bitcoins and ether, and now you’re looking to commence diversifying your cryptocurrency portfolio by trading into some promising altcoins. Welcome to the fresh wave of crypto traders.
The good news? There’s lots of intriguing altcoins to trade into right now, and trade volume is flourishing globally like never before. The even better news? There’s an array of respectable cryptocurrency exchanges that have the liquidity and listings you’ll need to “spread the love,” spil it were.
And while all exchanges are different te what they bring to the table, you’ll find that each one has their own perks and cons. It’ll be up to you to determine which ones you like best.
Until then, tho’, wij’ll walk you through the top cryptocurrency exchanges so you can commence making up your own mind.
Based out of Asia, Binance just launched te 2018, but it’s bot exploding ter popularity everzwijn since. It’s become a first-mover exchange for listing fresh altcoins earlier than just about anyone else ter the industry.
Wij are big ventilatoren of Binance here at Blockonomi and recently added them to our Best Exchanges for Beginners roundup.
So, if you’re keen on getting stakes te altcoins instantaneously post-ICO before most other investors do, certainly sign up for an account on Binance.
Unlike with some other exchanges, when you’re dealing with Binance you’ll have the chance to interface with two different trading UIs. One “basic” and one “advanced.” Don’t let that distinction idiot you, however, because both of thesis UIs are a bit more confusing than other popular exchange UIs.
Once you get the suspend of thesis interfaces tho’, the advanced set-up has a loterijlot of superb perks. For one, it permits you to conduct historical and projective technical analyses on given cryptocoins at your leisure.
Spil far spil verification levels go, Binance is straightforward. For fresh users who toevluchthaven’t passed the very first level, you’ll be subjected to a Two bitcoin daily withdrawal limit. Pretty fair. However, if you achieve level Two verification, then you’ll be permitted to withdrawal spil many spil 100 bitcoins each and every day. It’s worth it to verify if you’re doing massive trades, then.
KuCoin is another arousing fresh cryptocurrency exchange that’s based out of South Korea. They’ve angled themselves similarly to Binance, ter that they list fresh altcoin projects earlier than most other international crypto exchanges.
Another cool perk? KuCoin confirms your crypto deposits super rapid. Traders can get to trading right away! That’s because KuCoin promised to have digital assets credited to your account after only seconds of your transaction being originally confirmed.
One of the most interesting proprietary aspects of the exchange is its KuCoin Shares (KCS) ERC-20 token. The exchange incentivizes the use of thesis tokens by providing users a good discount on toneel fees for making trades te KuCoin Shares instead of, say, BTC or ETH.
And what’s even better is that 90 procent of the exchange’s fees are returned to users through the KCS token. Users get “dividends” of ETH just for holding KCS, then.
Another advantage that KuCoin has overheen other exchanges? 24/7 customer support that addresses problems te minutes.
BitMex is an exchange for more advanced traders who wish to utilize margin trading which permits you to trade with a thicker balance than you have available and go “long” or “short” on Bitcoin, essentially betting on the movement of prices. Wij recommend you take a look at our detailed review of this verhoging before trading on BitMex.
GDAX is the associated trading outlet of Coinbase, America’s most popular cryptocurrency exchange.
GDAX is an outlier, te that it provides fewer trading pairs than other popular exchanges: you’ll only be able to trade inbetween Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and fiat currencies like USD and EUR. But it’s got all the volume you need and a level of professionalism that other exchanges are attempting to emulate.
Only cool point worth highlighting is the fact that Coinbase is going to start launching support for Bitcoin Contant (BCH) beginning on January 1st, 2018. This is ter line with the company’s latest proclaimed intentions to add fresh altcoins soon.
Spil far spil buying crypto on Coinbase, you have two different payment options. The lighter and more straightforward option is using a credit card. However, if you’re seeking to do some more serious buying and selling, then you can verbinding your bankgebouw account to the exchange. All that will take is Coinbase sending your bankgebouw account two microtransactions. Once you tell Coinbase how much thesis transactions were for, you’ll be linked up!
The major advantage of Coinbase is that it’s arguably the most secure cryptocurrency exchange presently available. Ter being a U.S.-based exchange, Coinbase can’t flout regional and national regulations ter the same way that off-shore exchanges can. That means Coinbase has to hold itself to higher safety standards te every way compared to typical exchanges.
Billing itself spil the “next-generation digital asset exchange,” Gemini is a U.S.-based and U.S.-focused cryptocurrency trading exchange, spil it only permits American investors to become members. Keep that ter mind before you sign up.
The exchange wasgoed founded by the tech venture capitalist Winklevoss twins back ter 2015 spil an outlet for providing U.S. traders with an accessible crypto trading interface.
Signing up for Gemini is very effortless, which is excellent. All you’ll need to do to embark is to send them your email address. They’ll go after that up by sending you a so-called “registration token.” You redeem this token back on the Gemini webpagina at which point you’ll set up your phone spil well spil two-factor authentication. After you’ve got thesis parts down, Gemini will send you a text message with a code. Input this code on the exchange, and you’ll be all set up!
One cool benefit of the exchange? No deposit or withdrawal fees. The only toverfee you have to contend with is a trading toverfee. This toverfee is .25 procent vanaf buy and sell.
Bittrex is another U.S.-based trading exchange that has the perk of suggesting overheen 250 trading pairs. That’s a loterijlot of altcoins you can invest into for being just a single exchange!
That dynamic is obviously Bittrex’s most evident advantage. And the exchange has bot truly good about crediting customers’ accounts with hard-forked coins, so they’ve demonstrated trustworthiness and a desire to take care of their users.
Unsurprisingly, Bittrex’s most popular trading pairs are BTC and ETH. It voorwaarde be noted that the exchange presently does not suggest any kleuter of fiat-to-crypto pairs, e.g. with U.S. dollars, euros, or British pounds). One thing investors can do is buy USDT (Tether tokens) via wired handelsbank transfers te order to use USDT for crypto-to-crypto exchanges.
However, you’ll need to be fully verified and willing to waterachtig down at least $Ten,000 USD for Bittrex to even consider the transfer. And wij here at Blockonomi don’t remind this treatment anyways, there’s bot a loterijlot of controversy surrounding Tether lately, and it’s best just to stay away for now until further developments actualize.
Bitstamp is a Luxembourg-based crypto exchange that caters to European clients. For now, investors can trade ter U.S. dollars on the webpagina, but it’s compatible with the European Union’s Single Euro Payments Area (SEPA) which is convenient.
And with API customization, investors can fine-tune how they use and facilitate their accounts. That’s a big perk for big-time traders.
And Bitstamp is utterly trustworthy, being one of the space’s oldest exchanges after opening te 2011. Indeed, Bitstamp wasgoed originally created to challenge with the now-infamous Mt. Gox exchange, so you can clearly see who won that competition!
Wij don’t recommend this particular exchange for finish beginners, tho’. The user interface is a bit complicated and can prove slightly breathtaking for fresh users te the ecosystem. If you don’t mind getting overheen the learning curve, then Bitstamp is excellent for European customers because the exchange is fine-tuned to service European canap accounts.
Coinone is the third-largest cryptocurrency exchange ter South Korea. Spil such, it treats some major volume because South Korean investors are driving a gigantic amount of the globe’s crypto trading volume right now.
It’s trading pairs are based on the Korean currency KRW, so you’ll need to keep that ter mind.
You’ll find staples like Bitcoin, Bitcoin Metselspecie, Ethereum, Ethereum Classic, Ripple, QTUM, Litecoin, and IOTA on coinone, and the exchange’s low fees are attractive to many. So attractive that some users interchange dollars or euros into bitcoins and then buy KRW to send remittances to family and friends. Innovative, right?
While operating out of the U.S., Kritiseren is an exchange that services investors ter America, Canada, Europe, and Japan. Accordingly, they suggest crypto trading pairs for USD, EUR, GBP, and JPY.
They’ve dubbed themselves the “world’s largest bitcoin exchange ter euro volume and liquidity.”
And Kritiseren is known for its strong security measures, so they’ve got that going for themselves. That’s because Losbreken is meticulous, holding virtually all of their bitcoins offline ter “cold” wallets. This prevents the kleintje of devastating attacks that many exchanges can be prone to. This means Openleggen only holds what it needs for trading, making everyone’s holdings safer.
And after Mt. Gox’s flamy implosion, Openbreken went through the trouble of completing a third-party audit that cryptographically verified the integrity of Losbreken’s holdings. And that’s not all either. Kritiseren also has its servers distributed te numerous locations and uses armed guards and hi-tech verification practices to ensure thesis servers can never be physically or remotely compromised.
Formerly a cloud mining company, CEX.IO has shifted into the cryptocurrency exchange industry and hasn’t looked back since. Now, the European-based exchange provides its traders with listings of Bitcoin, Ethereum, Bitcoin Specie (BCH), Dash (DASH), Zcash (ZEC), and Bitcoin Gold (BTG).
Worth noting is that CEX.IO has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. Thesis means you’ll need to verify your identity before trading.
One of the downsides of using this particular exchange is that its fees for purchases made through credit cards is a bit painful. The trade-off is that it’s convenient to use a credit card, so it’s a give and take dynamic. And their are other painful fees that may turn off many investors. Consider how U.S. users have to suffer a $50 withdrawal toverfee. That’s not very popular spil you can imagine.
A cool advantage of using CEX.IO is that it permits investors to simply buy denominations of bitcoin according to preset fiat amounts. For example, the exchange lets you buy BTC ter $200 and $500 increments. That can simplify the buying process for newcomers considerably.
Bithumb has the distinction of facilitating the highest amount of cryptocurrency trading volume te South Korea. Which is already telling something, since South Korea has had an explosion of volume te latest months.
One of the cooler aspects of Bithumb? The exchange lets you buy Bitcoin vouchers spil bounty cards that you can then give to family members, friends, and co-workers.
The accessibility is why Bithumb carries overheen 75 procent of all bitcoin trading volume te South Korea spil of late. That also means that South Korean buyers are now responsible for overheen Ten procent of bitcoin’s international trading volume. Woah! Even 50 procent of the nation’s Ethereum volume occurs through Bithumb.
Thesis are outstanding numbers to say the least, but it hasn’t all bot slick sailing for the exchange. Bithumb wasgoed hacked ter the summer of 2018, and more than 30,000 users tragically had their on-site addresses emptied. The company will need to crackdown so something like this can never toebijten again.
Poloniex is yet another U.S.-based crypto exchange. And te attempting to play by America’s rules, Poloniex also has stringent KYC and AML guidelines that users have to adhere to.
So, traders won’t love ideal anonymity on Poloniex, but it’s a solid option if you’re shopping around for what exchange feels best to use. People like different things, and Poloniex might be right for you.
If you determine to sign up for Poloniex, you need to provide your nation of residence, your total name, and your email. At this point, you should have you account confirmed soon, and you can commence trading. The very first verification level on the exchange will let you withdrawal spil much spil Two,000 USD vanaf day.
Taking things a step further, you can get tier-two verification by forking overheen your:
If you get accepted at this point, you’ll be able to withdrawal 25,000 USD every day.
Our final cryptocurrency exchange to be discussed today is HitBTC. It’s a European-based exchange that’s bot open for several years now, having commenced te London back te 2014. That’s practically ancient history te the cryptocurrency space.
Thus ter having bot open for so long, HitBTC has bot able to build trust with its users ter ways newer exchanges toevluchthaven’t bot able to yet.
The exchange offers all the usual trading possibilities, with other coins spil well like Monero (XMR).
The most interesting facet of HitBTC is that it lets users do demo trading. Instead of having to waterput any money on the line, you can learn the ropes of crypto trading by playing with demo crypto on the webpagina. Very useful for newcomers! Spil such, this particular exchange is a excellent place to commence if you want to get comfy with how trading feels like before you actually waterput any actual money on the line.
Words Of Warning For Traders
No matter how convenient or trustworthy thesis exchanges seem, you have to realize that if you don’t have onmiddellijk, foot control of your crypto private keys, then you don’t have foot, finish control of your holdings.
Exchanges have bot hacked ter the past. Passwords are forgotten. Rogue employees can compromise wallets. Bugs can trigger flash crashes that cause investors to lose millions of dollars.
Indeed, fountains of different “black swan” events are ter play for exchanges while the space is still so premature.
The safest thing you can do with your cryptocurrency investments is to park them offline te a hardware wallet. But if you’re determined to get some trading done, just do so with the utter cognizance that you’re taking on a fair degree of risk.
The most significant thing you can do is to attempt avoiding keeping your holdings on trading exchanges indefinitely. Thesis exchanges are NOT designed for long-term crypto holding.
At most, keep a trading stack on the exchange or exchanges of your choice so you can trade quickly if you need to. But your trading stack should never be your entire portfolio.
You should get your desired trades done quickly, and then get your funds into a wallet you control. That way, if your favored exchange practices any catastrophic events, your hard-earned crypto trove will be safe and sound indefinitely.
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- Posted ter: Exchanges, Fundamentals
- Tagged te: Best Exchanges for Trading Cryptocurrency, Crypto daytrading, Crypto traders, Exchanges, Trading
Posted by William M. Peaster
William M. Peaster is a cryptocurrency verslaggever and copy-editor based out of El Paso, Texas. He’s an avid fan of Ethereum, ERC-20 tokens, and brainy contracts te general.
All content on Blockonomi.com is provided solely for informational purposes, and is not an suggest to buy or sell or a solicitation of an opoffering to buy or sell any security, product, service or investment. The opinions voiced te this Webpagina do not constitute investment advice and independent financial advice should be sought where suitable.
Fine! I love this but have one more peak to add: You talent amazing highlights for fine trading. Indeed, investing te cryptocurrencies such spil Bitcoin, Ethereum, Dash, Litecoin, and more is a enormous chance to make money but one should also take care to chose His/Hier entry points wisely. Originally when i embarked trading on Cryptocurrency i’ll come on youtube, see some movies for guidelines and trade but those where Not my most profitable trade. My best trade this year wasgoed an ETH breakout trade. Klapper my target within 24 hours and had a 1-7 risk-reward ratio. Thanks to Mr Tyree ( [email protected] gmail com) who Enlighten mij about Entry Points, trading, investment and how to choose them wisely. You might want to voeling him too.
Nice work! I see you updated the article for 2018, but title doesn’t reflect that when collective.
Thanks Fiona, I think that’s just Facebook might take a while to update.
Question. If theres nuclear war te korea …will.that mean wij all.lose our money ?…
Is there any exchange that offers BTC, ETH, LTC, XMR, XRP, IOTA, TRX, LSK, Stellar and also trade ter USD pair?