Cryptocurrency Exchange or Digital Currency Exchange is a kind of business that deals with the exchange of cryptocurrency for other assets, such as cash or other form of digital currency. It is a web service that provides electronic transactions in electronic form and charges fees for them.
Any operations or transactions with Digital Currency Exchange can be done using debit and credit cards, postal money order or other forms transfers of cash. This article focuses on the various cryptocurrency exchanges that facilitate crypto currency trading for beginners and what they offer in terms of access and ease of use and security, deposit/withdrawal options and fees. We hope this guide to cryptocurrency trading will help you get started with cryptocurrency exchanges. Visit:- https://coin4share.com/
Coinbase is among the largest cryptocurrency exchanges, based within San Francisco, California. It is available in 32 countries and currently offers more than 10 million customers. Launched in 2012, it comes with a user-friendly interface that lets Digital Currency Exchange an easy task for an untrained person. It’s also accessible for the two platforms of iOS and Android. However, Coinbase doesn’t provide crypto currency mining for beginners and it is just an exchange.
In the moment, it provides four coins: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The platform allows the exchange of digital currencies with US euros, dollars, and Great British Pounds. With no transfer charges, Coinbase has never experienced any security breach which makes it the ideal platform for digital currency exchange. Additionally, Coinbase also offers a fully-fledged, advanced exchange known as GDAX. GDAX comes with more advanced features as well as different and more competitive trading fees in comparison to Coinbase.
Bitstamp also has a platform that offers electronic currency conversion. It’s fairly easy to use, and also offers advanced features using TradeView. Bitstamp allows coins like Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. It exchanges digital currency with US dollars and Euro. You can practice the most up-to-date methods of trading in crypto currencies on this exchange.
It also offers flat deposits using bank transfers and supports debit/credit cards. Perhaps the only drawback one can find in Bitstamp is its slightly higher fees along with the truth that the company has suffered one security breach during the seven years of its operation. However, it is among the most reliable exchanges. It’s available for both iOS and Android.
Gemini is a UK established company founded in the year 2015 by twins Winklevoss. Gemini is accessible in a few countries like U.S, Canada, Hong-Kong, Singapore and South Korea. One of the disadvantages of it is the fact that it’s not particularly user friendly. This is why beginners are not advised to utilize this platform.
It has two coins available and 1 FLAT currency Bitcoin Cash, Ehtereum and US Dollars. Gemini adheres to strict guidelines for security. As of the year 2018 it has not had one security breach, making it among the most safe and secure digital currency platforms. However, it is important to implement strategies for investing in digital currencies prior to trading.
Digital ticks is an innovative crypto exchange that aims to be an innovative player in the area. They have implemented many of the latest techniques which make it simple for anyone to get started with trading.
It is equipped with a unique feature called a Single Portfolio View which allows traders to look at all holding positions within one portfolio. It is easy for investors to take educated decisions regarding the cryptocurrency exchange with this unique feature. It also supports Bitcoin, Ethereum, Litecoin and Dashcoin.
Kraken is one of the most renowned exchange platforms for cryptocurreny. The platform was established in 2011. It is the largest market in volume and liquidity to EUR trading pair. It serves worldwide which includes US.
Kraken offers a variety of coins including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and numerous others. It also supports deposit/withdrawals via cash transfers as well as cryptocurrency. With a less than pleasant interface for users, it has performance and stability issues . However, it’s a good choice for cryptocurrency exchanges.
Bitfinex is the biggest trading platform for cryptocurrency. The platform was established in 2012, and provides a user-friendly interface and has a wide range of features like margin funding, margin trading and more. It’s available on both iOS and Android platforms. It offers BTC, BCH, ETH, LTC, IOTA, XMR and NEO.
Just like the previous cryptocurrency exchanges, Bitfinex allows withdrawals with US dollars and Euros by bank transfer. Bitfinex has suffered two security breaches. The first of which occurred in May 2015, and resulted in the expense of around $330,000. The second occurred in August 2016 , which resulted in a loss of $72 million.