Bitcoin is a digital cryptocurrency that was created in 2009 and that only exists in the virtual world. In order to buy a Bitcoin, you have to set up a Bitcoin wallet account. A bitcoin wallet is basically banking software similar to the one that banks all around the world use. Once you have downloaded Bitcoin wallet, you use real money to buy Bitcoin on the best Bitcoin exchange platforms and here are some of them.
Coinbase is one of the leading platforms when it comes to Bitcoin exchange. They offer an interface that is very user-friendly thus the beginners will find it easy to use. They offer modernized apps for both iOS and Android system which makes it easy to exchange cryptocurrencies over mobile devices. They also provide a number of payment options such as credit and debit cards, bank transfer and more. This platform is available in over 30 countries all over the world. In addition, Coinbase is very safe to use and it also provides users with rapid transfers of money.
Binance is one of the best exchange platforms available. The main advantages of Binance are that it supports users from almost every country in the world, they charge very low transfer expenses and the platform can process up to 1.4M orders per second. Binance also offers the best exchange app that is fairly easy to use, for both Android and iOS. The biggest disadvantage of this platform is that its payment options are limited since it does not support the use of fiat currency.
Changelly is a platform that was created in 2013 in the Czech Republic. What makes this platform one-of-a-kind is the fact that you don’t have to deposit your coins which makes the whole process of exchange remarkably fast. Moreover, Changeling offers low fees and it also offers the best exchange rate to its customers.
Bittrex is among top 10 platforms for Bitcoin exchange. This platform is known for its high security and the fact that is in accordance with US laws. It is one of the best platforms that is used globally. Not only is the platform easy to use but it also offers a number of tools for more experienced traders such as candlestick charts and crosshairs.
Bitstamp is one of the largest platforms for cryptocurrency exchange in Europe. This company, which is based in Luxembourg, takes pride in the platform’s state-of-the-art security system. Since it is available worldwide, it has established a great reputation and it has built up a large base of devoted users. Its main drawbacks are that it has limited payment options, high deposit fees and that is not convenient for beginners.
Kucoin is a fairly new exchange platform which was founded in 2017 in Hong Kong. It offers the best exchange rate with low expenses to its users as well as a stable interface and good security system. Since it hasn’t been on the market for a long time it has yet to prove itself as a long-term solid exchange platform.
If you possess Bitcoins or some other cryptocurrency, these are some platform which you can use to exchange them. Research all platforms that you can find and choose the one that is easy to use offers the best exchange rate and the lowest transfer expenses and most importantly, the one with the best security system.